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Zinc News

Orion clears another significant hurdle at Prieska project

By: Natasha Odendaal     16th November 2018 The receipt of the final assay results from the recently completed deep sulphide mineral resource drill-out at the Prieska zinc/copper project, in the Northern Cape, has paved way for the updated mineral resource due mid-December, says ASX-listed Orion Minerals MD and CEO Errol Smart. The... 

Nyrstar plunges as analyst warns shares will get wiped out

By: Bloomberg     12th November 2018 “Abandon ship!” That’s the advice that ABN Amro Group is giving any remaining Nyrstar NV investors. Nyrstar, Europe’s biggest zinc smelting company, is on an inevitable path toward a debt restructuring, said ABN’s Philip Ngotho, whose bearish calls have proven profitable this year. He predicted... 

Orion equipping communities to benefit from and contribute to its Prieska project

By: Nadine James     9th November 2018 ASX and JSE listed base metals developer, Orion Minerals, has put a big focus on equipping and enabling the communities surrounding its Prieska Zinc-Copper Project, Northern Cape, to benefit from, and contribute to, the development of a modern, mechanised and productive mining operation, says... 

Orion equipping communities to benefit from and contribute to its Prieska project
Photo by Creamer Media
ERROL SMART Unlike Prieska, most South African mining projects are an extension of legacy mining operations and are therefore locked into a cycle of inefficient labour-intensive, unsafe operations

Perkoa to make up for lower output from Caribou – Trevali

By: Mariaan Webb     8th November 2018 A stellar production quarter from the Perkoa mine, in Burkina Faso, is keeping zinc and lead miner Trevali on track to achieve its production guidance this year, offsetting lower expected output from the Caribou mine, in New Brunswick, Canada, president and CEO Mark Cruise reported on Wednesday.... 

Hudbay buys Nevada copper deposit despite shareholder pushback

By: Mariaan Webb     1st November 2018 Toronto-headquartered Hudbay Minerals has announced the acquisition of Mason Resources – the owner of the Mason Ann copper project in Nevada – for C$31-million, despite shareholder Waterton Global Resource Management previously requesting a moratorium on any near-term acquisitions. Announcing... 

Hudbay buys Nevada copper deposit despite shareholder pushback
Hudbay CEO Alan Hair

Volatility in global base metals industry to remain, but outlook stable – Moody’s

By: Marleny Arnoldi     30th October 2018 Financial services firm Moody’s Investor Service has a stable outlook for the global base metals industry over the next 12 to 18 months, although indications are that economic growth rates may have peaked. The firm said in a release on Tuesday that synchronised economic growth rates in 2018,... 

Ramaphosa declares end to 'investment strike' and unveils R290bn in commitments  

By: Terence Creamer     26th October 2018 President Cyril Ramaphosa declared an end to South Africa's proverbial 'investment strike', when he unveiled firm investment commitments of R290-billion across a diverse range of sectors, from mining and energy to infrastructure and manufacturing, at a well attended and vibrant investment... 

Ramaphosa declares end to 'investment strike' and unveils R290bn in commitments
President Cyril Ramaphosa

Glencore reports higher Q3 copper, cobalt output on Katanga restart 

By: Marleny Arnoldi     26th October 2018 Global diversified miner Glencore, which is led by CEO Ivan Glasenberg, produced 1.06-million tonnes of copper in the third quarter ended September 30 – a 12% year-on-year improvement. Additionally, the company produced 28 500 t of cobalt, which is 44% higher than that produced in the third... 

Glencore reports higher Q3 copper, cobalt output on Katanga restart
Photo by Creamer Media
Glencore CEO Ivan Glasenberg

Nevsun ups guidance for Eritrea zinc/copper mine

By: Creamer Media Reporter      26th October 2018 Canadian base metals miner Nevsun Mining, which is being taken over by China’s Zijin Mining, has increased its 2018 zinc and copper guidance for the Bisha mine, following a strong third-quarter performance. The mine, in Eritrea, produced 69.6-million pounds of zinc in concentrate, compared with... 

Vedanta says investing $700m to $800m in South Africa smelter

By: Reuters     26th October 2018 Diversified miner Vedanta is investing up to $800-million in a zinc smelter in South Africa, the head of its zinc unit Deshnee Naidoo said at an investment summit in Johannesburg on Friday. Andile Sangqu, executive head of Anglo American South Africa, added at the same summit that his firm would... 

Trafigura's bold bet on zinc-maker Nyrstar keeps getting uglier

By: Bloomberg     25th October 2018 For nearly a decade, Trafigura Group chairman Claude Dauphin coveted a zinc deal with Europe’s top smelter. The commodities trader finally got across the threshold in 2015, months after its co-founder’s sudden death. Just a few years later, it’s become one of Trafigura’s biggest headaches. 

Trevali lowers Caribou mine guidance

By: Mariaan Webb     23rd October 2018 TSX-listed Trevali Mining has lowered its zinc and lead production guidance for the Caribou mine in Bathurst, New Brunswick, but the company remains on track to achieve its consolidated zinc production guidance. The Caribou mine’s zinc guidance has been lowered from a range of 86-million to... 

Terramin flags higher output at Algeria zinc/lead mine

By: Esmarie Iannucci     23rd October 2018 An initial optimisation study into the Tala Hamza zinc/lead project, in Algeria, has flagged a substantial increase in production rates, ASX-listed Terramin Australia said on Tuesday. Terramin, which owns a 65% interest in the project, reported that the initial optimisation study had identified... 

Orion completes follow-up metallurgical testwork at its Prieska project

By: Simone Liedtke     22nd October 2018 ASX- and JSE-listed Orion Minerals has completed the follow-up locked-cycle metallurgical testwork on the deeper mineralised domains at its Prieska zinc/copper project, in the Northern Cape. The Prieska deep sulphide zone is currently the subject of a bankable feasibility study (BFS) targeted for... 

Glencore CEO said to tell investors he'll retire in 3 to 5 years  

By: Bloomberg     22nd October 2018 Ivan Glasenberg, who built Glencore into a dominant force in commodities trading and became the face of the industry, told investors he plans to retire in three to five years, according to people familiar with the matter. Glasenberg discussed his succession plan in recent meetings and said he has... 

Glencore CEO said to tell investors he'll retire in 3 to 5 years
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Marginal increases in lead, zinc demand expected in 2019

By: Nadine James     19th October 2018 In a report released last week, the International Lead and Zinc Study Group forecast that there would be marginal increases in demand for lead and zinc in 2019.  The ILZSG forecasts that global lead demand will  rise by  0.7% to 11.79-million tonnes in 2019, compared with the 11.71-million tonnes... 

Marginal increases in lead, zinc demand expected in 2019
Photo by Bloomberg
USURPER Lead demand is expected to fall on the back of increased lithium-ion battery penetration and slower growth in the automotive sector

Hudbay investor is said to seek changes to miner's board

By: Bloomberg     17th October 2018 An investor in Hudbay Minerals wants to meet with the Toronto miner to discuss replacing members of its board, as well as to seek assurances it won’t pursue acquisitions or joint venture without consulting shareholders, according to a person familiar with the matter. Waterton Global Resource... 

Jubilee reports solid Q3 performance, growing demand

By: Simone Liedtke     17th October 2018 AltX- and Aim-listed Jubilee Metals has seen a growing demand from both small and global mining companies wanting to work with Jubilee to access the metals available in mine waste, CEO Leon Coetzer said on Wednesday. This statement comes amid the diversified metals recovery company having... 

Bunker Hill lease terminated

By: Creamer Media Reporter      15th October 2018 Toronto-headquartered Bunker Hill Mining on Monday confirmed that the lease with option to purchase agreement for the Bunker Hill mine had been terminated, owing to a missed property payment. The CSE-listed company warned earlier this month that it was in default of its lease agreement with... 

Galileo hits high zinc mineralisation in Phase 2 drilling programme

By: Marleny Arnoldi     15th October 2018 Aim-listed Galileo Resources has completed its Phase 2 diamond drilling programme and reported positive assay results so far for the first eight holes analysed, at its 80.75%-owned Star Zinc project, in Zambia. Phase 2 comprised 24 holes totalling about 1 000 m to depths, from surface, of... 

Orion expects updated Prieska resource estimate by mid-December, BFS by Q2 2019

By: Marleny Arnoldi     15th October 2018 ASX- and JSE-listed Orion Minerals will publish an updated resource estimate for its Prieska zinc/copper project, in the Areachap Belt in South Africa’s Northern Cape province, in mid-December, which will underpin a bankable feasibility study (BFS) that is set for completion in the second quarter... 

Mining Indaba intensely focused on driving capital into African mining 

By: Martin Creamer     11th October 2018 An investment pavilion will be introduced at the upcoming Investing in African Mining Indaba to drive capital into African mining with even greater intensity, MD Alex Grose said on Thursday. Speaking to Mining Weekly Online during a media roundtable, Grose also revealed that more time would be... 

Mining Indaba intensely focused on driving capital into African mining
Investing in African Mining Indaba MD Alex Grose spoke to Mining Weekly Online’s Martin Creamer about the upcoming event. Video, Video Editing and Photographs: Darlene Creamer

Plea for govt to awaken to massive economic potential of mining  

By: Martin Creamer     10th October 2018 A plea for the government to awaken to the massive real potential of the South African mining sector was made on Wednesday by Eunomix CEO Claude Baissac, who decried the disincentivising of South African mining over the past 20 years as an inexplicable paradox and a massive mineral policy... 

Plea for govt to awaken to massive economic potential of mining
Eunomix CEO Claude Baissac talks to Mining Weekly Online’s Martin Creamer on South Africa’s massive mining opportunity loss. Video, Video Editing and Photographs: Christo Greyling.

Titan appoints former Arizona directors to its board

By: Mariaan Webb     10th October 2018 Zinc miner Titan Mining has appointed three new board members, all of whom served on the board of Arizona Mining, which was taken over by South32 in a $1.3bn deal. The TSX-listed company, which owns the Empire State Mine (ESM) in New York state, appointed former speaker John Boehner, former... 

Coeur maintains guidance despite lower Q3 output

By: Mariaan Webb     10th October 2018 NYSE-listed miner Coeur Mining has maintained its production guidance for the year, despite reporting lower third-quarter production results, at 8.5-million ounces of silver equivalent. The company, which owns mines in Mexico, the US and Canada, produced 2.9-million ounces of silver, 88 833 oz... 

Coeur maintains guidance despite lower Q3 output
Palmajero in Mexico

Is the reign of Glencore’s billionaire copper king near its end?

By: Bloomberg     9th October 2018 Aristotelis Mistakidis is one of the world’s most powerful commodity traders. For nearly 20 years, the brash, hyperactive Greek known to everyone simply as “Telis” has ruled over the global copper market, buying and selling enough of the red metal to supply every factory in the US twice over.... 

Chinese delegation to witness proudly South African logging system 

By: Martin Creamer     8th October 2018 The high-ranking delegation from China, which is due to arrive in South Africa next Monday to undertake a three-week study of South Africa’s globally recognised mineral reporting codes, will be given insight during their visit into a South African borehole logging system that is poised to go... 

Chinese delegation to witness proudly South African logging system
Samcodes Standards Committee chairperson Matt Mullins interviewed by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

Weatherly restarts process to review strategic options

By: Creamer Media Reporter      8th October 2018 Namibian base metals miner Weatherly International has restarted the process of reviewing its strategic options, including the possible sale of some of its subsidiaries or assets. The process will be led by Numis Securities and Treadstone Resource Partners. 

Hudbay Minerals responds to rumours of Chile deal

By: Mariaan Webb     5th October 2018 Canadian miner Hudbay Minerals has responded to speculation about the potential acquisition of Chilean miner Mantos Copper, stating that although it usually avoids comment on market rumours, the company’s strategy does include potential growth opportunities, such as acquisitions. Hudbay, which... 

Hudbay Minerals responds to rumours of Chile deal
Mantos Copper owns mines in Chile.

CAML on track to meet FY target

By: Creamer Media Reporter      4th October 2018 Aim-listed Central Asia Metals (CAML) has had a good third quarter and is on track to meet its production guidance for the year, the miner reported on Thursday. In the third quarter, the base metals firm produced 3 938 t of copper from its Kounrad operation, in Kazakhstan, and 5 472 t of copper... 

Macro disquiet drowns out signs of base metals shortages

By: Reuters     4th October 2018 Uncertainty about how metals demand will be hit by trade wars, rising US interest rates and a slowdown in China is weighing on industrial metals prices, submerging signals pointing to potential shortages. The index of copper and five other top industrial metals traded on the London Metal Exchange... 

Empire State mine contractor dies

By: Creamer Media Reporter      3rd October 2018 An employee of a contractor working at the Empire State mine, in New York state, died on Tuesday afternoon, TSX-listed Titan Mining said and announced that all mining activities had been suspended. The company said it was working with authorities to determine the cause of the accident that... 

Bunker Hill Mining in default of lease agreement

By: Creamer Media Reporter      3rd October 2018 Junior firm Bunker Hill Mining confirmed on Tuesday that it was in default of its lease with option to purchase agreement with Placer Mining, after it missed payments totalling $400 000. The option is to acquire 100% of the Bunker Hill mine, which once was the largest producing mine in the Coeur... 

Chinese delegation to study South Africa’s mineral codes

By: Martin Creamer     2nd October 2018 South Africa’s meticulous set of mineral reporting codes has succeeded in attracting a high-ranking Chinese delegation from the Mineral Resources and Reserves Evaluation Centre of the Ministry of Land and Natural Resources (MRREC) in Beijing. South Africa’s Samcodes Standards Committee (SSC) will... 

Chinese delegation to study South Africa’s mineral codes
Photo by Creamer Media
Samcodes Standards Committee chairperson Matt Mullins

Lundin names new CFO as Inkster formally assumes CEO role

By: Mariaan Webb     1st October 2018 Canadian base metals miner Lundin has promoted VP of finance, Jinhee Magie, to the position of senior VP and CFO, succeeding Marie Inkster, who on Monday formally took over from Paul Conibear as president and CEO. Conibear, who announced his retirement in July, will continue as an adviser until... 

Fitch Solutions revises zinc price forecast for 2018 downwards

By: Tasneem Bulbulia     28th September 2018 Fitch Solutions Macro Research has revised its forecast zinc price for this year down to an average $3 000/t, compared with the previously expected $3 100/t, after the zinc price fell by more than expected in the third quarter. The decrease in the zinc price is attributable to the escalating... 

Constantine updates Palmer resource to indicated category at 11% zinc

By: Marleny Arnoldi     28th September 2018 TSX-listed Constantine Metal Resources (CMR) has updated its mineral resource estimate for the Palmer copper/zinc/gold/silver deposit, in Alaska, to an indicated resource of 4.6-million tonnes, grading 11.67% zinc equivalent and 3.84% copper equivalent. This mineral resource update represents... 

Digitalisation at Gamsberg project takes centre stage

By: Paige Müller     28th September 2018 Digitalisation in the mining industry is not something for the future – it is immediate, and is, or should be, the here-and-now of all the work mining companies do as an industry, says global diversified miner Vedanta’s Africa Base Metals CEO Deshnee Naidoo. “Digitalisation is not a threat to... 

Digitalisation at Gamsberg project takes centre stage
DESHNEE NAIDOO Vedanta Zinc International CEO Deshnee Naidoo will speak about the digitalisation of mining and mine operations at this year’s Joburg Indaba
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