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Zinc News

Trevali on schedule for H1 Caribou start up

By: Henry Lazenby Zinc-focused, base metals mining company Trevali Mining on Thursday reported that its Caribou mine and mill complex project remained on track and within budget, with commissioning still expected to start in the first half of next year. The Caribou zinc/lead/silver mine and mill complex, located... 

Teck Resources makes first shipment from restarted Pend Oreille ops

By: Henry Lazenby Diversified Canadian miner Teck Resources on Wednesday reported that it had made the first shipment of zinc and lead ore in concentrate from its restarted Pend Oreille operations, in north-eastern Washington State, across the border to its nearby Trail operations, in British Columbia, for... 

Samco Gold to acquire Peruvian base metals project

By: Henry Lazenby Argentina-focused Samco Gold on Friday announced that it had signed an agreement to buy two Peruvian subsidiaries of Mantaro Resources for about $3.4-million in cash and scrip, which would give it control over exploration and mining concessions over the Dino polymetallic property. Samco would... 

Goldspike’s high-grade zinc discovery could fill looming market void

By: Henry Lazenby Goldspike Exploration, focused on the Lone Mountain zinc/lead deposit in Eureka County, Nevada, this week reported that assay results from its Phase 1 drilling campaign had confirmed a significant new discovery of high-grade zinc mineralisation. The TSX-V-listed explorer, with a track record of... 

Goldspike’s high-grade zinc discovery could fill looming market void
Photo by Goldspike Exploration
Lone Mountain project, Nevada

Waning investor confidence, weak commodity prices among factors limiting growth of African mining sector

By: Jade Davenport Along with the Arctic, sub-Saharan Africa remains the most underexplored and highly prospective mineralised region on earth. However, despite its ‘open for business’ approach and myriad investment opportunities – in terms of greenfield and brownfield projects across the commodity spectrum –... 

Waning investor confidence, weak commodity prices  among factors limiting growth of African mining sector

Tightening nickel affords opportunity for Asian Mineral Resources

By: Simon Rees Of the few base metals piquing analyst interest for 2015, zinc and nickel stand out. For nickel, supply was expected to tighten across next year, which should act as a price support. Indonesia’s ban on the export of nickel ore has been a central catalyst for this, while the Philippines Congress... 

Capital misallocation lowering commodity prices – Glencore

By: Martin Creamer Capital misallocation, not a lack of demand, remained the key factor in the current low level of several commodity prices, Glencore CEO Ivan Glasenberg said on Wednesday. Highlighting the need to differentiate by commodity in allocating capital, Glasenberg said at the company’s investor day in... 

Capital misallocation lowering commodity prices – Glencore
Photo by Duane Daws
Ivan Glasenberg

Creamer Media publishes Base Metals 2014: A review of Africa's base metal's sector research report

In light of these developments, Creamer Media’s Base Metals 2014 Report examines the global base metals market, with a particular focus on supply and demand, and on the production of copper, zinc, nickel and lead, as well as selected base metals operations and projects in Africa. 

Creamer Media publishes Base Metals 2014: A review of Africa's base metal's sector research report

KBL produces first zinc

By: Esmarie Swanepoel ASX-listed KBL Mining on Thursday announced the production of saleable lead and zinc concentrate from its Mineral Hill mine, in New South Wales. The miner told shareholders that the ability to process polymetallic ore from the recently exposed A lode was a major milestone for the operation,... 

Former Anglo employee Deshnee Naidoo appointed Gamsberg-Skorpion CEO

By: Chantelle Kotze Vedanta Resources’ Zinc International announced the appointment of former Anglo American Thermal Coal CFO Deshnee Naidoo as CEO designate at its Gamsberg–Skorpion integrated project stakeholder briefing, held in Aggeneys, in the Northern Cape, last week. 

Former Anglo employee Deshnee Naidoo  appointed Gamsberg-Skorpion CEO
Photo by Duane Daws
DESHNEE NAIDOO Naidoo will fulfil the role of CEO designate for Vedanta Resources’ Zinc International as well as Vedanta group company Sesa Sterlite’s Copper Mines of Tasmania subsidiary

Vedanta approves R8.7bn Gamsberg-Skorpion integrated zinc project

By: Chantelle Kotze LSE-listed diversified miner Vedanta Resources, which announced the approval of the three-year R8.7-billion Gamsberg–Skorpion integrated zinc project development last week, aims to make the Southern African region one of the most important suppliers of refined zinc globally. 

Vedanta approves R8.7bn Gamsberg-Skorpion integrated zinc project
Photo by Duane Daws
ON THE MAP The three-year R8.7-billion Gamsberg–Skorpion integrated zinc project is set to put South Africa’s Northern Cape on the map as one of the most important suppliers of refined zinc globally

Namib DFS shows low risk and robust economics

By: Leandi Kolver The definitive feasibility study (DFS) for Aim-listed North River Resources’ Namib lead/zinc/silver mine, in Namibia, has confirmed that the project is technically low risk and economically robust, the company said on Wednesday. It added that a strong after-tax internal rate of return of more... 

Nevsun denies Bisha human rights allegations in lawsuit

By: Creamer Media Reporter A lawsuit has been filed against Vancouver-based mining company Nevsun Resources in the British Columbia Supreme Court by three individuals who claim to have once worked with a local subcontractor at the Bisha mine, in Eritrea, on the Horn of Africa. The TSX-listed company said on Friday that the... 

Nevsun denies Bisha human rights allegations in lawsuit

Callinex to target high-grade copper- and zinc-rich VMS deposits in Manitoba

By: Creamer Media Reporter TSX-listed Callinex Mines has adopted an aggressive new strategy to discover and develop high-grade copper- and zinc-rich volcanogenic massive sulphide (VMS) deposits. The company has identified its Flin Flon and Pine Bay projects as the focus of future exploration based on potential to host the... 

Vedanta’s Zinc International appoints CEO designate

By: Chantelle Kotze Vedanta Resources’ Zinc International subsidiary has appointed former Anglo American Thermal Coal CFO Deshnee Naidoo as CEO designate. 

Vedanta’s Zinc International appoints CEO designate
Photo by Duane Daws
Vedanta Resources’ Zinc International subsidiary CEO designate Deshnee Naidoo

Vedanta sees Southern Africa as key global zinc supplier

By: Chantelle Kotze LSE-listed diversified miner Vedanta Resources, which last week announced the approval of the three-year R8.7-billion Gamsberg–Skorpion integrated project development, aims to make the Southern African region one of the most important suppliers of refined zinc globally. This was highlighted by... 

Vedanta sees Southern Africa as key global zinc supplier
Photo by Duane Daws
Vedanta Zinc International CEO Kishor Kumar

Vedanta approves $782m Gamsberg–Skorpion zinc project development

By: Creamer Media Reporter Diversified miner Vedanta Resources has approved the investment of $782-million over three years on the development of the Gamsberg–Skorpion integrated zinc project. About $630-million would be spent on developing a 250 000 t/y openpit zinc mine, concentrator plant and associated infrastructure... 

Vedanta approves $782m Gamsberg–Skorpion zinc project development
Photo by Duane Daws
Vedanta Resources CEO Tom Albanese

Samco Gold confident in setting itself apart from peers in next 12 months

By: Henry Lazenby With prospective projects located on the Deseado Massif of Santa Cruz, Argentina, a potential joint-venture (JV) partner with which to move forward on its flagship asset, and with an innovative financing agreement in place, Canadian project developer Samco Gold is on the cusp of differentiating... 

Sunridge Gold reports Eritrea fieldwork proceeding apace

By: Henry Lazenby Canadian project developer Sunridge Gold, which is developing the Asmara copper/zinc/gold/silver project, in Eritrea, in the Horn of Africa, says fieldwork is proceeding apace on several fronts. The Asmara project consists of six defined deposits, four of which are the subject of a feasibility... 

Glencore's Q3 ferrochrome, coal, oil, copper production up

By: Martin Creamer The South Africa-centred ferrochrome production of diversified miner Glencore lifted in the third quarter, as did its global coal, oil and copper production. The London-, Hong Kong- and now also Johannesburg-listed global mining and marketing company, headed by CEO Ivan Glasenberg, said that its... 

Glencore's Q3 ferrochrome, coal, oil, copper production up
Photo by Duane Daws
Glencore CEO Ivan Glasenberg

Chieftain Metals reports strong project feasibility optimisation

By: Henry Lazenby The proponent of the Tulsequah Chief polymetallic project, in British Columbia, Chieftain Metals, late on Monday published the results of an optimised feasibility study, aimed at improving the financeability of the project in the current difficult market. The 2014 feasibility update, prepared by... 

Chieftain Metals reports strong project feasibility optimisation

Renewable energy a tough sell for prospective RoF developers

By: Henry Lazenby Among the many challenges facing as many as 20 mining companies holding claims in the Ring of Fire (RoF) mineral region of Northern Ontario, the most significant might be the limited infrastructure. However, besides having to deal with exploration, project planning, First Nations negotiations and... 

Renewable energy could open door to social licence for new mines in RoF 

By: Henry Lazenby A poll released on Thursday revealed that First Nations living in the remote far northern reaches of Ontario, including near the latent Ring of Fire minerals-rich district, would be more agreeable to allow mining projects to take root near their communities if the mines were to make use of... 

Renewable energy could open door to social licence for new mines in RoF

R50m virtual reality centre set to revolutionise mine design

By: Martin Creamer The University of Pretoria’s new virtual reality mine design centre, which is on track to go into test mode in April, is set to revolutionise both surface and underground mine design. A total of R50-million is being invested in the centre, which will be put into a three-month test phase ahead of... 

R50m virtual reality centre set to revolutionise mine design
Photo by Creamer Media
Prof Ronny Webber-Youngman (right) and Martin Creamer

Mick Davis X2 now sitting on nigh-$5bn war chest

By: Martin Creamer Old Xstrata recollections were reignited on Tuesday as former Xstrata CEO Mick Davis announced that his new X2 Resources had garnered in another $1-billion to take the incipient mining company towards financial reserves of close on $5-billion. A number of new investors have taken the X2 total up... 

Mick Davis X2 now sitting on nigh-$5bn war chest
Photo by Duane Daws
Flashback Mick Davis picture

Platinum producers top mining/metals companies in sustainability data transparency index

By: Tracy Hancock The 2014 IRAS Sustainability Data Transparency Index (SDTI) report has been published, with platinum producer Anglo America Platinum (Amplats) topping the mining/metals companies list and ranking second out of the more than 300 companies assessed throughout South Africa and across all sectors in... 

Creamer Media publishes Canadian Mining Roundup for October 2014 research report

This month’s roundup includes details of ASX- and TSX-listed coal developer Coalspur’s three approvals and licences for the Phase 1 development of its Vista project, in British Columbia; midtier gold miner Iamgold’s has declared commercial production at its Westwood mine, in the Abitibi region of... 

Creamer Media publishes Canadian Mining Roundup for October 2014 research report

Baja Mining appoints new COO, expects first Boleo production this month

By: Henry Lazenby Following a tragic accident in which joint-venture firm Minera y Metalurgica del Boleo (MMB) lost its COO in a flash flood associated with hurricane Odile, which struck the West Pacific seaboard off Mexico and the US last month, the company, comprising a consortium of Korean companies and... 

Baja Mining appoints new COO, expects first Boleo production this month

Sunridge Gold formalises Eritrean operating entity

By: Henry Lazenby TSX-V-listed Sunridge Gold on Thursday announced that it had recently formalised a shareholder agreement with State miner Eritrean National Mining Corp (ENAMCO) and created the Asmara Mining Share Company (AMSC), the operating entity that would own and operate the Asmara copper/zinc/gold mining... 

Sunridge Gold formalises Eritrean operating entity

Commodities under pressure as China continues economic realignment

By: Simon Rees Commodity prices will continue to face near-term challenges that are linked to the dip in Chinese growth. However, support is likely to come from the country’s new economic agenda, Scotiabank VP and commodity market specialist Patricia Mohr told attendees at the recent Global Chinese Financial... 

Commodities under pressure as China continues economic realignment

Energia shareholders approve funding package

By: Esmarie Swanepoel The shareholders of ASX-listed Energia Minerals have cleared the way for the company to place some 240-million shares, valued at A$6-million, to clients of Euroz Securities. The shares would be placed at 2.5c each. 

Energia shareholders approve funding package
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