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Zinc News

Ramaphosa moves to revitalise mining, create certainty

By: Martin Creamer     21st September 2018 It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan... 

Consolidated Zinc ships first ore from Plomosas

By: Creamer Media Reporter      20th September 2018 The first shipment of ore has left the Plomosas zinc/lead/silver project for processing at Grupo Mexico’s Santa Eulalia plant, ASX-listed Consolidated Zinc reported on Thursday. The company said it would deliver about 100 t/d to the concentrator for the rest of the month, where after it would... 

Trevali refinances credit facility

By: Creamer Media Reporter      19th September 2018 Zinc miner Trevali has refinanced its credit facility and managed to secure an improved pricing, which should save the miner up to $5-million over a four-year term, it announced on Wednesday. Trevali entered into an amended and restated credit agreement with a syndicate of lenders for a... 

Activities restart at New Century’s port facility

By: Creamer Media Reporter      19th September 2018 Queensland miner New Century Resources has started stockpiling zinc concentrate in its 80 000 t storage shed at the Karumba port, paving the way for exports to start and first revenue to be received this month. “The successful refurbishment and restart of activities at New Century’s port... 

Struggling Aldridge agrees to be bought by Virtus Mining

By: Mariaan Webb     19th September 2018 Troubled Turkey-focused junior Aldridge Minerals has agreed to be bought by Virtus Mining – a development-stage mining company in which Aldridge director Ahmet Taçyildiz will indirectly hold 70%. Virtus will acquire all the issued and outstanding common shares of Aldridge for C$0.10 in cash,... 

UK tax authority confirms Erris Resources EIS status

By: Marleny Arnoldi     18th September 2018 Aim-listed Erris Resources’ enterprise investment scheme (EIS) status has been confirmed by the UK tax authority. The EIS is a series of UK tax reliefs launched in 1994 in succession to the business expansion scheme. It is designed to encourage investments in small unquoted companies carrying on... 

Orion nears drilling completion at Prieska project

By: Marleny Arnoldi     18th September 2018 ASX- and JSE-listed Orion Minerals’ Prieska project drill-out programme is nearing completion, with continued high-grade results being returned at the deep sulphide target. The company has drilled more than 83 000 m since May 2017, across 94 intersections, including 15 intersections drilled for... 

Metminco plans acquisition and funding announcement

By: Creamer Media Reporter      17th September 2018 Australia-headquartered Metminco requested a voluntary suspension from the ASX on Monday, pending an announcement about a proposed capital raising and acquisition. The company, which requested a trading halt last week, said that an announcement would be made on Tuesday. 

Nexa says to invest $1.17bn in Peru, Brazil in five years

By: Reuters     17th September 2018 Brazilian mining company Nexa Resources plans to invest some $1.17-billion in copper and zinc projects in Peru and Brazil over the next five years, the company's general manager Ricardo Porta said on Friday. About $816-million will be invested in Peru, including $555-million in copper projects... 

New Century brings new life to former Queensland mine

By: Mariaan Webb     14th September 2018 Praise is pouring in for New Century Resources’ zinc tailings project at a former mine site north-west of Mount Isa, Queensland, with Mines Minister Anthony Lynham declaring it an “exciting new approach” and Queensland Resources Council CEO Ian Macfarlane labelling the project “ingenious”. The... 

New Century brings new life to former Queensland mine
The New Century zinc mine.

Zambia’s operational investment spikes

By: Paige Müller     14th September 2018 A positive shift in Zambia’s copper and cobalt mining industries has resulted in an increase in much-needed operational investments by major mining houses, says mining, bulk materials handling and minerals processing equipment and systems supplier TAKRAF Africa. TAKRAF Africa regional sales... 

Zambia’s operational   investment spikes
INCREASED DEMAND Tenova TAKRAF Africa has noted an increase in Zambian mining houses expenditure on operational investments

Galileo to acquire Kabwe residual rights, 95% stake in Star zinc project

By: Marleny Arnoldi     13th September 2018 Aim-listed Galileo Resources has executed a heads of agreement to acquire the Kabwe residual rights, in Zambia, from BMR Group. The acquisition excludes BMR’s small-scale licence which is used as a zinc/lead/vanadium tailings recovery project, situated within the Kabwe mining licence.  

Europa initiate land use process for Spain mine development

By: Creamer Media Reporter      13th September 2018 Triple-listed Europa Metals has initiated a change of land use process to facilitate the potential future development of its Toral lead/zinc/silver project, in northern Spain. The company has engaged consultancy MAGMA Soluciones Ambientales to progress the requisite land use applications across... 

Coeur declares commercial production at BC silver/zinc mine

By: Mariaan Webb     5th September 2018 The Silvertip silver/zinc/lead project that Coeur Mining bought less than a year ago, has entered commercial production on September 1, prompting the NYSE-listed company to revise its full-year guidance. Coeur bought the mine, located in northern British Columbia, in October 2017 and started... 

DRDGold shares leap on higher-grade fillip 

By: Martin Creamer     5th September 2018 A 10% increase in gold production provided an important fillip for surface gold mining company DRDGold, which benefitted from high-grade sand material in the 12 months to June 30. The Johannesburg- and New York-listed company, which saw its share price rise by 6.09% in early morning trade,... 

DRDGold shares leap on higher-grade fillip
DRDGold CFO Riaan Davel talks to Mining Weekly Online’s Martin Creamer. Video: Creamer Media’s Nicholas Boyd. Photographs: Creamer Media’s Dylan Slater.

Grupo Mexico could reopen San Martin mine after 11 years

By: Reuters     3rd September 2018 Miner Grupo Mexico could reopen the country's largest underground mine in the first quarter of 2019, after it closed more than a decade ago due to a workers strike, a senior government official said in an interview. The company began to refurbish the San Martin mine, which has copper, silver,... 

Grupo Mexico could reopen San Martin mine after 11 years

Lead and zinc in supply deficit

By: Nadine James     31st August 2018 The International Lead and Zinc Study Group (ILZSG) released preliminary data for world lead and zinc supply and demand for the first half of 2018, last week, noting that refined lead demand exceeded available supply, and that there was a deficit in refined zinc supply of about 17 000 t. The... 

Lead and zinc in supply deficit
SUPPLY DWINDLES the global market for refined zinc metal in deficit by 17 000 t in the first six months of 2018 despite total reported inventories increasing by 77 000 t over the same period

Constantine assembles team for Alaska project PEA

By: Creamer Media Reporter      30th August 2018 TSX-V-listed Constantine Metal Resources has selected engineering, project and construction management firm JDS Energy and Mining to prepare a preliminary economic assessment (PEA) of the potential viability of the mineral resources at the Palmer copper/zinc/gold/silver project, in south-east... 

Prieska mine reopening targeted for 2020

By: Marleny Arnoldi     29th August 2018 ASX- and JSE-listed Orion Minerals aims to reopen the Prieska zinc/copper project, in South Africa’s Northern Cape, in 2020. Orion MD Errol Smart told delegates attending the Africa Downunder conference being held in Perth, this week, that the 12-month bankable feasibility study (BFS) for the... 

Prieska mine reopening targeted for 2020
Orion Minerals MD Errol Smart

Chinese miner to start copper output in Eritrea by next year

By: Bloomberg     24th August 2018 A unit of Sichuan Road & Bridge Co. will start producing copper, zinc, gold and silver at a mine in Eritrea by early next year, helping diversify the country’s agrarian economy, a mines ministry official said. The project will add to two operating mines in the Horn of Africa nation, which is... 

Tethyan completes drilling at recently acquired Serbia

By: Creamer Media Reporter      23rd August 2018 Gold and base metals explorer Tethyan Resources has completed its first drill programme at the recently acquired Kizevak zinc/lead/silver project, in Serbia. The Kizevak project is situated on an exploration licence held by Tethyan’s Serbian subsidiary Taor and is located 1 km south-east along... 

Osisko announces management changes

By: Creamer Media Reporter      21st August 2018 TSX-V-listed Osisko Metals has appointed geologist Robert Wares, currently the chairperson of the board, as executive chairperson. Wares has more than 35 years’ experience in mineral exploration and development, and was one of the three original founders of Osisko Exploration/Osisko Mining. 

Oposura scoping study nears completion

By: Creamer Media Reporter      20th August 2018 ASX-listed Azure Minerals is nearing completion of a scoping study for its Oposura zinc/lead/silver project, in Mexico. The study remains on schedule for completion in the third quarter of this year. 

New-gen scanning technology released, interest from SA companies

By: Jessica Oosthuizen     17th August 2018 Global corporate engineering and consulting group DMT has released the new-generation Slim Borehole Scanner (SBS) technology for imaging extra-slim drill holes with a diameter of 23 mm, with keen interest from local mining companies, says DMT director Sodhie Naicker. One of the SBS’s primary... 

New-gen scanning  technology released,  interest from SA companies
SLIM BOREHOLE SCANNER The self-sufficient wireless tool is lightweight and easy to mobilise and use

Laboratory to expand services, product range

By: Erin Steenhoff-Snethlage     17th August 2018 Sandton-based chemical reagents supplier and distributor, Axis House, plans to considerably expand its metallurgical laboratory in the Western Cape, as well as its laboratory services and product range, as it believes that using specifically developed chemical reagents in the base metals... 

Laboratory to expand services, product range
Photo by Bloomberg
FOR PARTICULAR PURPOSE Axis House develops specifically designed chemical reagents

Miner looks to meet Southern Africa’s zinc deficit

By: Erin Steenhoff-Snethlage     17th August 2018 While the zinc industry is poised to have a structural deficit until 2022, diversified miner Vedanta Resources' Vedanta Zinc International (VZI) is well positioned to meet the needs of South African zinc users, says VZI and Vedanta Resources Africa Base Metals CEO Deshnee Naidoo. “The feasibility... 

Miner looks to meet Southern Africa’s zinc deficit
Photo by Creamer Media
COMMITTED TO AFRICA Vedanta Resources has invested significant capital in Africa

Zinc developer secures offtake, funding for Nigeria project

17th August 2018 Australian zinc-focused mineral exploration company Symbol Mining has executed an offtake and marketing agreement for its shipping and sales programme for the Macy zinc project in Nigeria, with international commodities group Noble Resources International. The shipping and sales programme is... 

Zinc developer secures offtake, funding for Nigeria project
ON TARGET The first shipment of zinc and lead is expected from the Macy project in the third quarter

Orion turbocharges Prieska study

By: Martin Creamer     15th August 2018 The Sydney- and Johannesburg-listed exploration and development company Orion Minerals, which is developing a zinc and copper project at Prieska in the Northern Cape, on Wednesday announced the second tranche of its two-tranche share issuance to raise $7.86-million. The total $11-million capital... 

Orion turbocharges Prieska study
Photo by Creamer Media
Orion Minerals CEO Errol Smart

Trevali lifts Q2 zinc output

By: Simone Liedtke     10th August 2018 TSX-listed Trevali Mining saw achieved higher zinc production in the second quarter, ended June 30, and remains on track to achieve its full-year production and cost guidance, president and CEO Dr Mark Cruise said on Friday. Production guidance for the year remains unchanged at 400-million to... 

Strong sales growth lifts Silvercorp earnings

By: Nadine James     10th August 2018 In its financial and operating results for the first quarter ended June 30, Canada-based, China-focused Silvercorp Metals on Thursday reported a net income of $10.9-million and a 25% increase in cash flow on the back of a 14% increase in sales. The company achieved sales of $45.1-million, up... 

Miner Trevali reports worker death at Burkina Faso mine

By: Reuters     9th August 2018 Zinc miner Trevali Mining Corp said on Thursday an accident at its Perkoa Mine in Burkina Faso resulted in the death of a worker. The miner was hired by a contractor, the company said. 

Mining starts at Century

By: Esmarie Swanepoel     9th August 2018 Hydraulic mining operations have started at the Century zinc mine, in Queensland. “This is a fantastic achievement by the New Century team and our business partners to deliver the restart of operations at Century both on time and budget,” said ASX-listed New Century Resources MD Patrick Walta on... 

Glencore darts ahead of diversified rivals

By: Martin Creamer     8th August 2018 The strength of the business model and commodity mix of mining and marketing company Glencore has been demonstrated once again by sharp increases in earnings and net income in the six months to June 30. The earnings before interest, taxes, depreciation and amortisation (Ebitda) of the 146... 

Glencore darts ahead of diversified rivals
Glencore CEO Ivan Glasenberg

Jubilee gains full control of the Kabwe project

By: Simone Liedtke     6th August 2018 Jubilee Metals has gained full control of the Kabwe project, in Zambia, by increasing its interest in the project to 87.5%. While Jubilee has the option to acquire 100% of the Kabwe project, Aim-listed BMR retains a maximum of 12.5% of the generated earnings. 

Vedanta delivers strong Q1 Ebitda

By: Simone Liedtke     6th August 2018 Diversified miner Vedanta Resources on Monday announced that it had delivered strong earnings before interest, taxes, depreciation and amortisation (Ebitda) and drove steady margins in the first quarter of the 2019 financial year. The margins, the miner highlighted, were driven by record volumes... 

Vast expects subsidiary to be granted Baita Plai association licence soon

By: Simone Liedtke     6th August 2018 Aim-listed mining company Vast Resources, its 80%-subsidiary African Consolidated Resources (AFCR) and Romanian State-owned Baita, the holder of the Baita Plai licence, have submitted a joint formal application to Romania’s National Agency for Mineral Resources (ANRM) for the grant to AFCR of an... 

Completion of Back Forty feasibility study signals significant milestone for Aquila

By: Simone Liedtke     3rd August 2018 A feasibility study, compiled by Lycopodium Minerals Canada, has been completed on TSX-listed Aquila Resources’ 100%-owned zinc- and gold-rich Back Forty project, in Michigan, in the US. Citing the completion of the Back Forty project’s feasibility study as a “significant milestone for Aquila”,... 

Hudbay ups Manitoba's operating cost guidance

By: Mariaan Webb     1st August 2018 Toronto-headquartered Hudbay Minerals on Tuesday confirmed that it would meet its production guidance for 2018, but flagged higher operating costs at its Manitoba unit, citing cold weather conditions, higher costs at the 777 mine and the impact of a fan outage at Lalor. The combined mine and... 

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