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Zinc News

Zinc rally to slow in H2 as headwinds mount – BofAML

By: Henry Lazenby     24th June 2017 Headwinds to the current zinc price rally are expected to mount during the second half of the year as consumption slows, undermining the base metal’s strong fundamentals, new analysis by Bank of America Merrill Lynch (BofAML) has found. The banking group’s Global Commodities Research team said in... 

Mining Charter violates shareholder rights – Hogan Lovells

By: Martin Creamer     23rd June 2017 Mining Charter Three’s arbitrary increase of empowerment shareholding to 30% violates the property rights of shareholders, and the new charter’s requirement to pay 1% of yearly turnover is not expected to survive challenges under the Companies Act and the Constitution. Property rights under the... 

Mining Charter violates shareholder rights – Hogan Lovells
Hogan Lovells partner Wessel Badenhorst

BMR Group raises funds to further fund Kabwe construction

By: Megan van Wyngaardt     23rd June 2017 BMR Group has, through the placement of 9.3-million new ordinary shares at 3.75p apiece, raised £350 000 before expenses. The Aim-listed company will use the proceeds to further its Kabwe lead and zinc mine, in Zambia, where civil construction works are under way. 

Slow, bumpy market recovery on the cards for most commodities

By: Henry Lazenby     22nd June 2017 The global commodity market is probably in for a slow, drawn-out recovery following the five-year bear market, S&P Global Market Intelligence director for reports on the metals and mining sectors Dr Chris Hinde said during a webcast on Wednesday. According to S&P’s ‘State of the Market’ report,... 

Slow, bumpy market recovery on the cards for most commodities

Mining Charter exposing South African economy to GATT angst  

By: Martin Creamer     21st June 2017 The procurement rules of the new Mining Charter may violate South Africa’s obligations under the General Agreement on Tariffs and Trade (GATT), exposing the country to challenges by other member states of the World Trade Organisation (WTO), Herbert Smith Freehills lawyers Peter Leon and Patrick... 

Mining Charter exposing South African economy to GATT angst
Photo by Duane Daws
Herbert Smith Freehills co-chair Peter Leon

Ferrum Crescent appoints technical consultant to advance Spain project

By: Creamer Media Reporter      21st June 2017 Lead/zinc explorer Ferrum Crescent has appointed Myles Campion as a technical consultant to assist in progressing its exploration portfolio in northern Spain. Campion, which has extensive experience in resource delineation, both as a geologist and a resources fund manager, will oversee all... 

Nevsun restarts copper concentrate sales

By: Henry Lazenby     20th June 2017 Base metals producer Nevsun Resources has resumed sales of copper concentrate produced from primary ore at the Bisha mine, in Eritrea. The Vancouver-based miner reported on Tuesday that it has sold and shipped 5 800 t of concentrate to an international trader on competitive commercial terms. 

Mining Charter set to worsen stakeholder relations – Bench Marks

By: Martin Creamer     20th June 2017 The new Mining Charter is the flawed outcome of inadequate consultation with communities, the board of the Bench Marks Foundation said on Tuesday, when it warned that the document is poised to worsen stakeholder relations. Bench Marks executive director John Capel condemned the new charter as a... 

Mining Charter set to worsen stakeholder relations – Bench Marks
Photo by Reuters
Rt Rev Dr Jo Seoka, chairperson of the Bench Marks Foundation, which has launched a scathing attack on the new Mining Charter.

Busiest project bidding period ever – ELB

By: Martin Creamer     20th June 2017 Johannesburg Stock Exchange-listed ELB Group is having its busiest project bidding period ever, and is seeing a strengthening in base metals and great opportunities in gold. “In the last six months, we’ve experienced our busiest bidding period ever,” ELB Group CE Dr Stephen Meijers told Mining... 

Busiest project bidding period ever – ELB
Photo by Duane Daws
ELB Group CE Dr Stephen Meijers

Metalicity eyes DSO operation at Admiral Bay

By: Esmarie Swanepoel     19th June 2017 ASX-listed junior Metalicity is hoping to bring forward production at its Admiral Bay zinc project, in Western Australia, with the introduction of an ore sorting technique. The company said on Monday that it would undertake a detailed assessment programme of the ore sorting technique as part of... 

Desert Star announces transformational transaction as it buys Capstone’s Kutcho project

By: Henry Lazenby     17th June 2017 TSX-listed base metals company Capstone Mining has agreed to sell its Kutcho copper/zinc/gold/silver project to TSX-V-listed Desert Star Resources for C$28.8-million in cash. The payment will also include a scrip portion to give Capstone a 9.9% stake in Desert Star upon closing. 

Trevali strikes more zinc at New Brunswick mining camp

By: Henry Lazenby     16th June 2017 Canadian base metals producer Trevali Mining has hit more high-grade zinc intercepts during its 2016/17 exploration campaign on the Halfmile deposit, located in the Bathurst Mining Camp of north-eastern New Brunswick. Designed to validate historic data as well as to expand and improve upon the... 

Stator introduced for reduced energy and maintenance costs

     16th June 2017 Solutions provider for difficult pumping applications Netzsch Pumps North America has introduced the iFD-Stator 2.0, which it says combines efficiency, economy and environmental safety in one system. Featuring a two-part, reusable stator housing and replaceable stator, the iFD-Stator 2.0 is... 

Stator introduced for reduced energy and maintenance costs
NEXT GENERATION The new housing concept of the iFD-Stator 2.0 is easier to handle than the previous generation and delivers a longer service life

Chamber going to court to halt devastating charter blow to already battered mining sector 

By: Martin Creamer     15th June 2017 The Chamber of Mines of South Africa will be applying at the earliest opportunity for a court date for a declaratory order on continuing empowerment consequences, as well as immediately seeking an interim court interdict to suspend the implementation of Mining Charter Three, the devastating set... 

Chamber going to court to halt devastating charter blow to already battered mining sector
Photo by Creamer Media
Chamber of Mines of South Africa president Mxolisi Mgojo

From Tesla cars to underwear, metal makers seek new markets

By: Bloomberg     15th June 2017 The world’s biggest mining companies would like you to put more zinc in your zucchini and copper in your socks and dental floss. While builders and manufacturers remain the biggest metals users, producers are confronting the end of a Chinese industrial boom that fueled surging global demand and... 

IHS Markit's materials price index registers 3.1% weekly decline

By: Henry Lazenby     9th June 2017 A broad basket of commodities tracked by market research house IHS Markit has declined the most in a single week since mid-April, falling 3.1% last week in a broad retreat. IHS senior economist Ben Orhan said in a news release to Mining Weekly Online on Thursday that the commodity price index... 

Andiamo Exploration raising funds to explore Eritrea licences

By: Megan van Wyngaardt     8th June 2017 Private UK-based junior miner Andiamo Exploration is seeking to raise $2-million to undertake exploration at its licences, in Eritrea, and continue the development of its mines. Speaking at the Junior Mining Indaba, in Johannesburg, CEO Tim Williams on Thursday said the company, in which mineral... 

Young bull run kickstarts cyclical mining industry into exploration mode

By: Henry Lazenby     2nd June 2017 With the commodity and equity markets in much better shape than a year ago, mining industry players are navigating the early days of a new bull run with renewed interest in exploration and mergers and acquisitions activity to secure future supplies. While the commodity market is perhaps not... 

Young bull run kickstarts cyclical mining industry into exploration mode
Photo by Resource Maven
Resource Maven newsletter writer Gwen Preston on a mining site visit

Lundin to trade on Nasdaq Stockholm

By: Mariaan Webb     1st June 2017 Canadian base metals miner Lundin Mining has been given approval for listing its shares on Nasdaq Stockholm, with trading set to start next week under the trading symbol ‘LUMI’. Lundin is converting Swedish Depository Receipts (SDRs) to shares for trading on Nasdaq Stockholm and will not be... 

Alba Minerals’ CEO to step down

By: Creamer Media Reporter      30th May 2017 Michael Nott will step down as CEO of Aim-listed Alba Mineral Resources, effective June 1. He will, however, remain on the company’s board as nonexecutive director. 

Zambezi Protocol to serve as guide for identity-changing chamber 

By: Martin Creamer     29th May 2017 The 128-year-old Chamber of Mines of South Africa provided an important indicator of its intended new direction when it revealed that the Zambezi Protocol would be its guiding light as it embarked on its identity and name-change programme. Under unanimously elected new president of Mxolisi Mgojo,... 

Zambezi Protocol to serve as guide for identity-changing chamber
Mining Weekly Online’s Martin Creamer asks new Chamber of Mines office bearers to spell out the influential institution’s decision to change its 128-year-old name and identity. Photographs and Video: Duane Daws. Video Editing : Lionel d Silva.

Peru allows Bear Creek to recover Corani tax

By: Henry Lazenby     26th May 2017 TSX-V-listed project developer Bear Creek Mining has signed an agreement with the Peru Ministry of Energy and Mines (MEM) and ProInversion (an agent for the Peru government) that allows the company to recover, at its option and on an accelerated basis, the 18% taxes applied to engineering and... 

Bolívar mine, Mexico

By: Thabi Madiba     26th May 2017 A copper/silver/zinc/gold mine located in Urique, in Mexico. 

Bolívar mine, Mexico

Botswana continues to value exploration activity, mining

By: Simone Liedtke     26th May 2017 Exploration for minerals in diamond-dependent Botswana continues despite the tough economic conditions its mining industry faces, which has impacted negatively on the country’s economic health, says mining and exploration organisation Botswana Chamber of Mines CEO Charles Siwawa. These minerals,... 

Botswana continues to value exploration activity, mining
ECONOMIC DRIVER Despite its struggles, the mining industry in Botswana continues to drive its economy, with trends pointing to the sector’s stabilisation

New company aims to be ‘unrivalled’ service provider

     26th May 2017 With a focus on safety and supporting its customers, the process of integrating diversified industrial-use products and services provider Komatsu and high-productivity mining solutions provider Joy Global has begun, following the conclusion of a $3.7-billion deal in April. On May 8, executive... 

New company aims to be ‘unrivalled’ service provider
RETAINING FOCUS Newly renamed Komatsu Mining will continue to promote and invest in the Joy Global P&H, Joy and Montabert brands

Orion continues Prieksa drilling programme

By: Megan van Wyngaardt     25th May 2017 ASX-listed Orion Minerals on Thursday said its Prieska zinc-copper project, which it acquired in March, has delivered positive results from its ongoing deep sulphide target drilling programme. Orion is targeting dip and strike extensions to historical underground mining areas at the project, with... 

Oliphant on two-day visit to Vedanta zinc operations

By: Martin Creamer     24th May 2017 South Africa’s Deputy Mineral Resources Minister Godfrey Oliphant on Wednesday ended a two-and-a-half day visit to Vedanta Zinc International’s Black Mountain complex in the Northern Cape where he was able to take a detailed look at the developmental, operational and social components of the... 

Oliphant on two-day visit to Vedanta zinc operations
Photo by Duane Daws
Mineral Resources Deputy Minister Godfrey Oliphant

Vedanta hits production high spot at Black Mountain

By: Martin Creamer     24th May 2017 Diversified mining company Vedanta has achieved its highest quarterly production in four years at Black Mountain in South Africa, where the Gamsberg zinc project is on track to begin production towards the middle of next year. In addition, mobilisation on the Skorpion pit layback, in neighbouring... 

Vedanta hits production high spot at Black Mountain
Photo by Bloomberg
Vedanta chairperson Anil Agarwal

Inflated base case prices could dent confidence in mine development

By: Henry Lazenby     19th May 2017 Project valuations based on elevated price assumptions in the absence of more reasonable scenarios to provide a more balanced view to the market is potentially damaging to the credibility of management teams, their consultants and the mining industry as a whole, London-based boutique investment... 

Inflated base case prices could dent confidence in mine development

Alcohol testing, education longterm solution to abuse

By: Simone Liedtke     19th May 2017 Testing backed up by educational programmes is a tried and tested method, proven to reduce alcohol-related incidents, drive down absenteeism and improve overall productivity in the mining sector, alcohol detection technology and services provider Alco-Safe director Rhys Evans tells Mining Weekly. 

Alcohol testing, education longterm solution to abuse
EFFECTIVE TESTING Testing needs to be carried out every single day as part of the mine’s standard health and safety policy to be effective

Fibre-optic pyrometer offers South Africa greater accuracy

By: Nadine James     19th May 2017 The South African minerals and metals processing industry has yet to take advantage of the fibre-optic Calex Fibre-Mini pyrometer, compared with the response from international markets, which has been favourable. The pyrometer, used to measure temperatures of reflective metals, was developed by... 

Fibre-optic pyrometer offers  South Africa greater accuracy
FIBRE-MINI PYROMETER The fibre-optic sensing head withstands up to 200 °C ambient temperature

Legislation plays ‘big role’ in uptake of healthcare services 

By: Simone Liedtke     19th May 2017 In many countries, health and safety legislation is either nonexistent or not effectively enforced and, therefore, greatly influences the number of mining-related work opportunities available for healthcare service providers, such as International SOS in Midrand, South Africa 

Legislation plays  ‘big role’ in uptake  of healthcare services
International SOS medical director Dr Charl van Loggerenberg speaks about 'Duty of Care' and the company's services and products. Camerawork: Nicholas Boyd. Editing: Lionel da Silva

Time to get PDS-ready is now

By: Simone Liedtke     19th May 2017 As of June, all new original-equipment manufacturer (OEM) trackless mobile machines (TMMs) bought by mining houses need to be proximity detection system- (PDS-) ready. 

Time to get PDS-ready is now
PROXIMITY DETECTION SYSTEMS The Booyco PDS warns when pedestrians enter the area around a machine

Trevali shareholders vote overwhelmingly in favour of African asset acquisitions

By: Henry Lazenby     18th May 2017 Trevali Mining reported Thursday that a majority of shareholders present and represented at the company’s special meeting have voted in favour of all resolutions presented, including the acquisition of a suite of African zinc assets from Glencore. 

Shadow Minerals Minister warns of ‘disastrous’ mining outlook 

By: Martin Creamer     18th May 2017 Shadow Mineral Resources Minister James Lorimer forecasts that South Africa’s new minerals legislation and new charter will be “disastrous” for an industry already crippled by hugely diminished capital injection and massive year-on-year job loss. The Opposition Democratic Alliance (DA) MP, who... 

Shadow Minerals Minister warns of ‘disastrous’ mining outlook
Shadow Mineral Resources Minister James Lorimer

Report sketches optimistic outlook for BC mining sector

By: Creamer Media Reporter      17th May 2017 The mining industry in British Columbia is cautiously optimistic as prices of key metal and resource commodities either rose or stabilised in 2016, new analysis by professional services firm PwC Canada has found. The trend continued into the first quarter, building on net mining revenues rising... 

Golden Arrow, Silver Standard JV ‘a match made in heaven’ as explorer turns producer 

By: Henry Lazenby     16th May 2017 Canadian explorer Golden Arrow Resources has made the leap from project developer to revenue-earning miner in record time through its novel partnership with senior miner Silver Standard Resources, after the latter exercised its option to form a joint venture (JV) with the company that will... 

Golden Arrow, Silver Standard JV ‘a match made in heaven’ as explorer turns producer
Golden Arrow president and CEO Joseph Grosso discusses the creation of a joint venture partnership between itself and Silver Standard Resources to combine the prospective Chinchillas project with the depleted Pirquitas mine, in Argentina’s Jujuy province. Video: Henry Lazenby; Editing: Lionel da Silva.

Trevali Q1 earnings rise on higher sales, price support

By: Henry Lazenby     15th May 2017 Canadian base metals producer Trevali Mining has reported higher first-quarter earnings, as revenues were boosted by significantly higher sales volumes on the back of the Caribou mine declaring commercial production in the third quarter last year, and higher prices. Vancouver-based Trevali, which... 

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