http://www.miningweekly.com
R/€ = 14.35 Change: -14.21
R/$ = 13.38 Change: -13.24
Au 1209.18 $/oz Change: -3.92
Pt 993.50 $/oz Change: -8.70
 

Zinc News

‘Volatility is the new normal’ – Teck CEO's plan to create certainty

By: Henry Lazenby     24th January 2017 Commodity price volatility is the new normal as the mining industry is cautiously optimistic of the start of a new progressive price cycle. “The fact that volatility is the new normal is unfortunate, but real, and we have to deal with that to create certainty. We are seeing higher highs and lower... 

London Metal Exchange CEO resigns after a difficult year

By: Reuters     23rd January 2017 Lower trading volumes and a lack of strategy created a crisis that led to the resignation of London Metal Exchange (LME) CEO Garry Jones after three years at the helm of the world's largest and oldest metals market, metal industry sources say. Parent company Hong Kong Exchanges and Clearing... 

‘Very tough’ mining year ahead as ‘lawfare’ breaks out – Nedbank

By: Martin Creamer     23rd January 2017 South African mining has a “very tough” year ahead, with "lawfare" breaking out. While existing large, powerful mining companies will persist, growth through new entrants and foreign investment is highly unlikely this year, resulting in escalating opportunity loss. 

‘Very tough’ mining year ahead as ‘lawfare’ breaks out – Nedbank
Nedbank mining finance principal Paul Miller

Finland's Terrafame nickel mine makes quarterly profit

By: Reuters     19th January 2017 Finland's State-owned nickel and zinc mine Terrafame, which is looking for buyers, reported on Thursday it had returned to profit in the fourth quarter on the back of growing production volumes and rising metal prices. The government took over the northern mine last year and founded Terrafame to... 

South32 says FY targets within reach despite challenging Dec quarter

By: Esmarie Swanepoel     19th January 2017 Despite a challenging December quarter, diversified mining company South32 remains on track to achieve its production guidance for the majority of its operations. The miner, which is the world’s biggest manganese ore producer, on Thursday reported higher manganese production, but said that its... 

South32 says FY targets within reach despite challenging Dec quarter
South32 CEO Graham Kerr

Moody’s base metals optimism rises despite seeing price fall back this year

By: Henry Lazenby     19th January 2017 Market analyst and ratings agency Moody’s Investors Service has adjusted upwards its pricing sensitivities for base metals in 2017, but says despite the recent run-up in base metal prices not being sustainable, some of the positive sentiment will remain. Moody’s said Wednesday it expected the... 

Moody’s base metals optimism rises despite seeing price fall back this year
Photo by Bloomberg
Zinc prices are expected to find support in strong fundamentals

Plant shutdowns impact Vedanta's Q3 output

By: Megan van Wyngaardt     16th January 2017 Despite lower output at its zinc operations in the third quarter of the current financial year, diversified miner Vedanta Resources says it is still on track to achieve its stated guidance of higher mined metal production for the full year. Its total production across operations for the quarter... 

Plant shutdowns impact Vedanta's Q3 output

Five mining legends to be inducted to Canadian hall of fame

By: Creamer Media Reporter      13th January 2017 The Canadian Mining Hall of Fame will induct five mining celebrities into the list of extraordinary mining leaders at the annual dinner to be held for the first time at the Metro Toronto Convention Centre. According to a news release, Canadian mining celebrity Robert McEwen leads the list of... 

Hits and misses as production reports roll in

By: Henry Lazenby     11th January 2017 Several North American miners issued fourth-quarter and full-year 2016 production reports on Wednesday, with some reporting better-than-expected results and others missing the mark. TSX- and NYSE MKT-listed streaming and royalty firm Sandstorm Gold sold record volume of 13 200 attributable... 

Hits and misses as production reports roll in

High Court exposes DMR as incompetent, irrational investment obstructor

By: Martin Creamer     11th January 2017 A judgement of the Gauteng division of the High Court of South Africa exposes the Department of Mineral Resources (DMR) as an irrational institution with a high degree of incompetence that obstructs the mining investment it is meant to facilitate, lacks energy in resolving issues, allows appeal... 

High Court exposes DMR as incompetent, irrational investment obstructor

Drilling at Zambia project delivers ‘encouraging’ results for BMR

By: Creamer Media Reporter      10th January 2017 Aim-listed BMR Group has reported “extremely encouraging” results from a drilling programme at its Kashitu project, in Zambia. Sample drilling of 183 holes had allowed BMR to delineate three distinct surface mineralised zones, including a 900 m by 300 m area with mineralisation at greater than 1%... 

Mineral ‘wrongs’ righted 

By: Martin Creamer     10th January 2017 A company that showed diligence in applying for mineral rights ended up getting mineral ‘wrongs’, a court has found. The Gauteng division of the High Court in Pretoria has ruled that Aquila Steel South Africa is entitled to the mineral right that South Africa’s Department of Mineral Resources... 

New Year heralds several senior management employments

By: Henry Lazenby     4th January 2017 Early 2017 corporate activity saw a slew of senior management appointments being made by miners. TSX- and NYSE-listed Tahoe Resources has appointed former Goldcorp president and CEO Chuck Jeannes to the board effective January 1. 

New Year heralds several senior management employments
Photo by Bloomberg
Cuck Jeannes

LME warehouse rents rises to slow in 2017/18

By: Reuters     31st December 2016 Warehouse firms in the London Metal Exchange's network of more than 600 warehouses in 37 locations have announced significantly lower rent rises for the year starting in April, the exchange said in a release on Friday. The LME said this year it would freeze the maximum rate for five years to curb... 

LME warehouse rents rises to slow in 2017/18

Aquila’s Back Forty gains two more final permits before year-end

By: Henry Lazenby     29th December 2016 TSX-listed project developer Aquila Resources has picked up two further final permits for its flagship Back Forty gold/zinc project, in Michigan, the company announced Thursday. The Michigan Department of Environmental Quality has issued the final ‘nonferrous metallic mineral mining’ permit and... 

European shares ease as miners, banks fall

By: Reuters     29th December 2016 European shares opened slightly lower on Thursday as miners fell and Italian banks and Credit Suisse led banking shares lower. The pan-European STOXX 600 index was down 0.3%. Volumes were subdued during the last few days of the year. 

European shares ease as miners, banks fall

IHS Materials Price Index jumps to 18-month high; emergent weakness to undermine momentum

By: Henry Lazenby     23rd December 2016 Analytics firm IHS Markit reports that its Materials Price Index (MPI) rose for a sixth consecutive week, increasing 1.4% to hit a fresh 18-month high. IHS Global Insight Pricing & Purchasing senior economist Ben Orhan pointed out that ferrous metals once again drove the index higher, gaining... 

IHS Materials Price Index jumps to 18-month high; emergent weakness to undermine momentum

Imperial Metals launches $55m equity financing

By: Henry Lazenby     23rd December 2016 British Columbia-based miner, project developer and explorer Imperial Metals has announced a private placement of up to ten-million common shares at $5.50 each. The TSX-listed company said Thursday it will use the funds to bolster its working capital and for general corporate purposes. 

Energia moves forward in zinc mine development

By: Megan van Wyngaardt     21st December 2016 ASX-listed Energia Minerals has received written confirmation from the Comune Di Gorno that the historical treatment plant site at Riso near Gorno, which logistically is Energia’s preferred site, is available for the construction of a treatment plant, subject to the negotiation of satisfactory... 

Energia moves forward in zinc mine development

Scotiabank Commodity Index set to end 2016 on high note

By: Henry Lazenby     21st December 2016 The Bank of Nova Scotia expects its benchmark Scotiabank Commodity Price Index to finish the year up 25%, with all sub-indices showing positive performance, the third largest Canadian banking group said Tuesday. The oil and gas index rose 55% in the year-to-November after both oil and natural gas... 

Scotiabank Commodity Index set to end 2016 on high note
Photo by Bloomberg
The surprise rally of bulk commodities, especially metallurgical coal, has lost some momentum in the final weeks of 2016

Triple Flag picks up maiden Milpo silver stream

By: Henry Lazenby     20th December 2016 Seven-months-old mine finance firm Triple Flag has acquired its first silver streaming agreement with Milpo UK, a subsidiary of Latin American conglomerate Votorantim’s Compañía Minera Milpo, for most silver output from Cerro Lindo, a poly-metallic zinc mine, in Peru. Under the streaming... 

Santa comes early to Santander as Trevali reports exploration success

By: Henry Lazenby     16th December 2016 Zinc-focused miner Trevali Mining on Thursday reported assay results from eight new drill holes from its Santander mine, in Peru, showing clear evidence that the Magistral Central and Magistral North zones merge at depth. The Vancouver-based company said exploration results show that the deposits... 

Global base metals, US coal and steel prices stabilising – Moody's

By: Henry Lazenby     14th December 2016 The 2017 outlooks for the global base metals, US steel and US coal industries remain stable for the next 12 to 18 months, according to Moody's Investors Service. In a report released Tuesday, the ratings agency said that weak macroeconomic indicators would limit upside movement in the base metals... 

Glencore on nickel and zinc developments  

     8th December 2016 Diversified mining and marketing company Glencore sees a shortage in nickel arising, on the other hand, the company is producing zinc at negative cost. Mining Weekly editor Martin Creamer speaks to Creamer Media's Sashnee Moodley about the developments. 

Glencore on nickel and zinc developments
Glencore on nickel and zinc developments

Aveng wins Gamsberg zinc mining contract

By: Martin Creamer     6th December 2016 A contract to establish and mine the Gamsberg opencast zinc operation has been awarded to Aveng Moolmans by Black Mountain Mining, a Vedanta Zinc International operation. Vedanta acquired zinc assets including Gamsberg from Anglo American in 2010 for $1 338-million. 

Aveng wins Gamsberg zinc mining contract
Photo by Duane Daws
Vedanta Zinc International CEO Deshnee Naidoo

Glencore producing zinc at minus cost 

By: Martin Creamer     5th December 2016 Diversified mining and marketing company Glencore is producing zinc at negative cost. Towards the end of this year it has been doing so at -3c/lb and next year it expects to do so at an even better -14c/lb, supported by healthy lead by-product credits. 

Glencore producing zinc at minus cost
Photo by Duane Daws
Glencore CEO Ivan Glasenberg

Red River finds financing for Thalanga restart

By: Esmarie Swanepoel     2nd December 2016 The restart of the Thalanga zinc project, in Queensland, is now fully funded after ASX-listed Red River announced a A$30-million capital raise. The company told shareholders on Friday that it had received commitments to raise A$30-million through a two tranche placement of 162.1-million shares,... 

Hudbay prices $1bn senior notes offering

By: Henry Lazenby     2nd December 2016 Canadian base metals producer HudBay Minerals has priced its offering of $1-billion of senior notes, which will be issued in two series, the company said on Thursday. These will comprise a series of 7.25% senior notes due in 2023 for $400-million and a series of 7.625% senior notes due in 2025... 

Diligent Glencore delivers on debt promise, restarts dividend

By: Martin Creamer     1st December 2016 Diversified mining and marketing company Glencore has delivered on last year’s commitment to cut debt and structurally increase the strength of its balance sheet – and it has done so in a way that has preserved the group’s long-term earnings capability.  JP Morgan Cazenove analysts described the... 

Diligent Glencore delivers on debt promise, restarts dividend
Photo by Duane Daws
Ivan Glasenberg at last year's hand over by Glencore of a R75-million school in South Africa's coalfields to Basic Education Minister Angie Motshekga.

Glencore pivots from disposals to dividends as stock rallies

By: Bloomberg     29th November 2016 What a difference a year makes. Glencore fended off questions in 2015 about its survival as commodity prices hit new lows, and now there’s talk that the company’s turnaround plan has gone so well that it could be months away from paying dividends again. Surging coal and zinc prices, a rebounding... 

Capital expenditure to continue downward trend

By: Henry Lazenby     29th November 2016 Despite a modestly more buoyant outlook for key metal prices, mining capital expenditures (capex) are expected to continue on a downward slide over the next three years as miners seek further cost cuts and to improve operational margins, according to analysis by Fitch Group research arm BMI.... 

Capital expenditure to continue downward trend

Discredited DMR making ill-considered demands on struggling industry

By: Martin Creamer     25th November 2016 The Department of Mineral Resources (DMR) is making ill-considered demands that have little hope of being met. Instead of following the continent’s African Mining Vision and Zambezi Protocol, the DMR is going out on a dictatorial limb. 

Discredited DMR making ill-considered demands on struggling industry
Photo by Duane Daws
Chamber of Mines CEO Roger Baxter and Chamber of Mines Senior Executive Public Affairs and Transformation Tebello Chabana

BMI ‘moderately positive’ about mining’s near-term future

By: David Oliveira     25th November 2016 The overall view for the global mining industry in the coming years is “moderately positive”, owing to the ongoing fiscal spending on construction, mostly driven by China, BMI Research mining and metals commodities analyst Mitchell Hugers said during a teleconference earlier this month. “Chinese... 

Ivanhoe on track with upgrading, recommissioning of Kipushi zinc/copper mine

By: Henry Lazenby     23rd November 2016 Canadian project developer Ivanhoe Mines is on track with the modernisation and upgrading of the Kipushi zinc/copper mine, in the Democratic Republic of Congo, having re-established clear and safe access to all areas of the main underground workings, the company stated Wednesday. The current mine... 

DMR appointment causes concern

By: Martin Creamer     23rd November 2016 Mineral Resources Minister Mosebenzi Zwane has controversially made a key appointment within the Department of Mineral Resources (DMR) on the grounds that it is only temporary.   Earlier this month, the Democratic Alliance (DA) Shadow Minister of Mineral Resources, James Lorimer MP, requested... 

DMR appointment causes concern
DA Shadow Minister of Mineral Resources James Lorimer MP

Base metals rise as Chinese investors hedge against weakening renminbi

By: Henry Lazenby     22nd November 2016 Most base metals traded in positive territory Monday, buoyed by accelerated buying as Chinese investors use commodities as a hedge against the depreciating Chinese  

Nyrstar hedges more zinc as price downside protection

By: Henry Lazenby     17th November 2016 European base metals business Nyrstar has entered into further short-term strategic hedging arrangements utilising put and call collar structures to mitigate potential down side risks to the zinc price. The global multi-metals business, with a market leading position in zinc and lead, said... 

Business, labour need to combine as errant DMR turns dictator

By: Martin Creamer     17th November 2016 The point has been made that mining business and labour have never been closer than now and that they need to make use of the current window of opportunity to establish a better foundation between themselves so that they can collectively shame the government into moving mining forward for the... 

Business, labour need to combine as errant DMR turns dictator
Chamber of Mines CEO Roger Baxter
First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

Press Office

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Close