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Zinc News

Most South32 operations meet, exceed guidance in maiden year

By: Mia Breytenbach     29th July 2016 Diversified major South32 says the completion of restructuring initiatives and the fact that production met or exceeded guidance for the 2016 financial year for the majority of its operations positions the company well to achieve its unit cost guidance in the new financial year. Despite a... 

Chile zinc/silver project acquisition ‘timely’, says Golden Rim

By: Mariaan Webb     28th July 2016 Australia’s Golden Rim has completed the $2.29-million acquisition of the Paguanta zinc/silver/lead project, in northern Chile, where the company will start work shortly. Golden Rim, which bought 70% of the project from Herencia Resources, believes the acquisition is timely, as fundamentals for... 

Metalicity seeks partner to speed up Admiral Bay as zinc shortage is forecast

By: Mariaan Webb     28th July 2016 Buoyed by positive results from a scoping study and strong fundamentals for zinc, developer Metalicity will start a prefeasibility study (PFS) for the Admiral Bay project, in Western Australia, and has initiated a process to find a joint venture partner to accelerate the development. The scoping... 

'Crunch time' for zinc as China-owned miner seeks supply in Peru

By: Bloomberg     28th July 2016 Chinese-owned MMG is seeking new zinc deposits in Peru, which has the world’s third-largest reserves, after a dearth of global exploration in past decades led to a supply crunch. “We’re looking at places like Peru where there’s a lot of zinc,” and the company’s Las Bambas copper mine there gives... 

MMG shifts from zinc to copper as Las Bambas hits commercial production

By: Mariaan Webb     28th July 2016 China-owned MMG’s production is shifting from zinc to copper, as mining and processing ends at the Century mine, in North Queensland, and the new major Las Bambas mine, in Peru, starts operating commercially. Following successful construction, commissioning and ramp-up, Las Bambas produced 87... 

MMG shifts from zinc to copper as Las Bambas hits commercial production
The Century zinc mine ceased operations in 2015

Independence to raise up to A$280m to strengthen balance sheet

By: Creamer Media Reporter      27th July 2016 ASX-listed Independence Group (IGO) plans to raise up to A$280-million to strengthen its balance sheet and fund the remaining capital expenditure (capex) for its Nova base metals project, in Western Australia. The equity raising comprises a A$250-million fully underwritten placement and an up to... 

Independence to raise up to A$280m to strengthen balance sheet
The Tropicana mine is a joint venture between Independence Group and AngloGold Ashanti.

Zinc, the metal investors love this year, has an ugly sister

By: Bloomberg     26th July 2016 They come from the same mines and are called sister metals, but investors are showing more affection for zinc than lead. Zinc, used to rustproof steel, has jumped 40% this year to become the best-performing industrial metal. It has gained on concerns about shortages, while steel prices rose as... 

Zinc, the metal investors love this year, has an ugly sister

South32 on track to meet FY2017 cost guidance; FY2016 production in line with forecasts

By: Mia Breytenbach     21st July 2016 Diversified major South32 says the completion of restructuring initiatives and the fact that production met or exceeded guidance for the 2016 financial year for the majority of its operations is positioning the company well to achieve its unit cost guidance in the new financial year. Despite a... 

South32 on track to meet FY2017 cost guidance; FY2016 production in line with forecasts
Photo by Bloomberg
South32 CEO Graham Kerr

Judgment shows courts won’t easily endorse Mining Charter III's blunt arithmetical quotas – Leon 

By: Martin Creamer     19th July 2016 Mineral Resources Minister Mosebenzi Zwane would do well to ponder last Friday’s landmark Constitutional Court judgment as he and his department mull public comments on the draft reviewed Mining Charter that he sprung on the South African mining industry in a surprise April gazetting. This is... 

Judgment shows courts won’t easily endorse Mining Charter III's blunt arithmetical quotas – Leon
Photo by Duane Daws
Herbert Smith Freehills’ Peter Leon,

Rox mulls sale of stake Reward zinc JV

By: Mariaan Webb     19th July 2016 ASX-listed Rox Resources has agreed to an exclusivity agreement with listed, but suspended, shell IM Medical, which is interested in buying its 49% interest in the Reward zinc/lead joint venture (JV) project, in the Northern Territory. Rox owns 49% of the JV with Teck Resources holding the... 

Zinc climbs to highest in more than a year on shortage worries

By: Bloomberg     19th July 2016 Zinc extended its advance to the highest level in more than a year on concerns over a looming supply deficit. The metal used to galvanize steel rose as much as 1.3% to $2 246 a metric ton on the London Metal Exchange, the highest since May last year, and traded at $2 241 by 3:03 p.m. Shanghai... 

Tax Bill throws up royalty surprises as Davis Tax Committee mulls broader mining reforms 

By: Martin Creamer     18th July 2016 The Taxation Laws Amendment Bill released on July 8 contains two surprise amendments to mineral royalty taxation on the eve of the Davis Tax Committee’s next mining tax report, which is expected to provide the royalty regime with much needed certainty. The two amendments proposed in the Bill,... 

Tax Bill throws up royalty surprises as Davis Tax Committee mulls broader mining reforms
KPMG tax head Muhammad Saloojee talks to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.

Pneumatic equipment no longer centre stage, but still has place

By: Sebastian Whyle     15th July 2016 The uptake of pneumatic tools at mine sites has slowed, owing to new mining technology and techniques, equipment provider Borwa Mining Instruments MD Lebogang Matlou tells Mining Weekly.  

Pneumatic equipment no longer centre stage, but still has place
RIGOROUS REQUIREMENTS Mining companies are cleaning house, looking for genuine, nonfronting and reliable black-youth-owned mining suppliers

New SEC ruling eases transparency reporting burden on extractive sector

By: Henry Lazenby     12th July 2016 New rules adopted late in June by issuers reporting under the US Securities and Exchange Commission (SEC) held the promise that oil, gas and mining companies operating in Canada, which file annual transparency reports, might now be able to use that same report to meet new US requirements.... 

Trevali hits new Santander production record, lifts guidance

By: Henry Lazenby     11th July 2016 Canadian zinc producer Trevali Mining has set new quarterly throughput and production records at its Santander mine, in Peru. For the period ended June 30, Santander produced about 15.2-million payable pounds of zinc (a new quarterly record), 5.6-million pounds of lead and 222 121 oz of silver,... 

Independence remains within FY production guidance range across operations

By: Samantha Herbst     11th July 2016 ASX-listed diversified mining and exploration company Independence Group (IG) announced on Monday that gold production at its 30%-owned Tropicana gold mine – which is 70% owned and managed by AngloGold Ashanti – was 28 651 oz for the June quarter, which was firmly within its production guidance... 

BofAML rejigs commodity price deck as global economic shocks favour gold over base metals

By: Henry Lazenby     8th July 2016 Bank of America Merrill Lynch (BofAML) has adjusted the price forecast for most mined commodities, citing increased market uncertainty favouring precious metals over the base metals pricing outlook. So far this year, mined commodities have rallied sharply, reinforcing analysts’ view that... 

BofAML rejigs commodity price deck as global economic shocks favour gold over base metals
BofAML sees increased market uncertainty favouring precious metals over the base metals pricing outlook

Changing mining landscape shapes trends

By: Nadine James     8th July 2016 During a mining industry downturn – which typically occurs every 10 to 15 years – the exploration and funding landscape changes; this has implications for Africa, which aims to drive development through mining, says mining consultancy The MSA Group. In 2011, iron-ore and copper were extremely... 

Reactore Solutions

     8th July 2016 Reactore is a modular ERP system that is uniquely able to integrate with all major software and hardware systems in use at the majority of mines.  The solution is written with Scala, a reactive technology, providing real time data flow for timely scheduling and management of operations and... 

Reactore Solutions

Report predicts further declines in exploration activity this year

By: Ilan Solomons     8th July 2016 For the global mining industry, 2015 was a challenging year and early indications suggest that 2016 is unlikely to reveal the light at the end of the tunnel for the sector, states professional services firm SNL Metals & Mining. The firm notes that with depressed metals prices, production... 

Report predicts further declines in exploration activity this year
IN A HOLE With depressed metals prices, high levels of international political turmoil and a slowing Chinese economy, investors are understandably wary of the mining industry

Trevali’s second zinc mine goes commercial as zinc rally beckons

By: Henry Lazenby     7th July 2016 Zinc producer Trevali Mining has declared commercial production at its Caribou mine, in New Brunswick, giving it a second producing zinc mine as an emerging supply gap for the base metal starts to widen. Located in the province’s Bathurst Mining Camp, Caribou was declared in commercial production... 

Trevali’s second zinc mine goes commercial as zinc rally beckons
Photo by Trevali Mining
Trevali Mining's Caribou zinc mine, New Brunswick

Some services firms report business revival as several commodity prices rise

By: Henry Lazenby     6th July 2016 Certain mining services providers have reported increased interest from customers on both the investor and mining side, saying the slight recovery for many major commodities so far this year had translated into improved business. “Yes, there’s definite improvement in our business, especially... 

Some services firms report business revival as several commodity prices rise

Golden Rim's due diligence into Chile project ‘well advanced’

By: Mariaan Webb     5th July 2016 Australian explorer Golden Rim Resources said on Tuesday that it was aiming to complete the acquisition of a zinc/silver/lead project, in Chile, “as quickly as possible” and reported that only a few matters remained outstanding. Golden Rim, which announced the acquisition of Herencia’s wholly... 

Mariana launches PEA on high-grade Hot Maden project, Turkey

By: Henry Lazenby     30th June 2016 Australian gold explorer Mariana Resources has launched a preliminary economic assessment (PEA) on its high-grade Hot Maden project, in north-east Turkey this week, hoping that the completed study would be a catalyst for increased investor interest. The Sydney-based company on Monday advised that... 

Glencore throws full weight behind transparency in money-to-govts report 

By: Martin Creamer     29th June 2016 Global diversified mining and marketing company Glencore threw its full weight behind complete openness in its maiden Payments-To-Governments Report 2015. In a 17-page outline, Glencore CFO Steve Kalmin provides an overview of the $5-billion it paid last year to 16 governments ranging from... 

Glencore throws full weight behind transparency in money-to-govts report
Photo by Duane Daws
Glencore CFO Steve Kalmin

Mining Indaba slashes prices for mining corporates

By: Martin Creamer     29th June 2016 Mining companies attending the upcoming Investing in African Mining Indaba in Cape Town will benefit from significantly reduced registration fees. Mining Indaba officials have introduced price reductions of up to 50% for the February 6 to 9 event, now in its twenty-third year. 

Mining Indaba slashes prices for mining corporates
Mining Indaba MD Jonathan Moore

Barminco awarded Dugald River underground contract

     29th June 2016 Underground hard-rock mining contractor Barminco has been awarded another five-year contract with MMG at the Dugald River zinc project, valued at between A$250-million and A$270-million. Barminco has been the underground mining contractor at Dugald River since 2012, and was selected to continue... 

Heron targets production at NSW zinc mine in 2018

By: Mariaan Webb     29th June 2016 The feasibility study for the Woodlawn zinc/copper project has delivered a compelling commercial case for the immediate development of the New South Wales-based project, owner Heron Resources reported on Wednesday. The ASX- and TSX-listed stated that it would accelerate the programme to secure... 

The MSA Group

     24th June 2016 Local mining consultancy The MSA Group provides exploration, geology, mineral resource, mining and environmental consulting solutions to a client base that includes some of the world’s largest multinational mining companies, as well as private equity and sovereign wealth funds, banks, governments... 

The MSA Group

Cyprium finds high-grade zinc at Potosi silver mine, Mexico

By: Henry Lazenby     21st June 2016 Quebec-based explorer Cyprium Mining on Monday reported that samples taken from an oxidised zinc body on Level 14 of its 53%-owned Potosi mine, in Santa Eulalia, Mexico, have returned assay results averaging 37% zinc over a sample width of 1.53 m. The TSX-V-listed company reported that the... 

Average capex overrun for mining companies hits 37% – EDC study

By: Simon Rees     20th June 2016 The average cost overrun for mining projects studied by Export Development Canada (EDC) has reached 37% over the capital expenditure (capex) budgeted, EDC managing principal Tin Lwin told an audience at a recent meeting of the Canadian Institute of Mining’s Management and Economics Society in... 

Average capex overrun for mining companies hits 37% – EDC study

Nevsun, Reservoir shareholders approve sweetened offer

By: Henry Lazenby     17th June 2016 The TSX-listed stock of base metals producer Nevsun Resources fell nearly 10% on Friday after the company announced a sweetened bid for Reservoir Metals that would give it control of a portfolio of development projects in Africa and Europe, including the flagship Timok copper/gold project, in... 

Nevsun, Reservoir shareholders approve sweetened offer
Photo by Nevsun Resources
Nevsun's Bisha mine, Eritrea

Peruvian mining volumes continue to grow as new president takes helm

By: Simon Rees     15th June 2016 The Peruvian mining industry is expected to spur renewed growth in the country as output grows, prices stabilise and revive, several speakers told a recent Peruvian-Canadian Chamber of Commerce economic outlook seminar. The recent Peruvian election was so close that the winner Pedro Pablo... 

Peruvian mining volumes continue to grow as new president takes helm
Photo by Reuters
Incoming Peruvian president Pedro Pablo Kuczynski

Big boost for South African mining as old Comro reopens  

By: Martin Creamer     13th June 2016 The revitalisation of the South African mining industry through the resuscitation of research and development (R&D) is under way as an outcome of the Mining Phakisa, a strategy forged by 120 government, company, union and nongovernmental participants, who last year spent five weeks working... 

Big boost for South African mining as old Comro reopens
Mining Phakisa outcomes are spelt out to Mining Weekly Online’s Martin Creamer. Video and Editing: Nicholas Boyd.

Legal discretion dogging mine safety inquiries – Webber Wentzel 

By: Martin Creamer     10th June 2016 The only certainty about current enforcement of South Africa’s Mine Health and Safety Act is consistent uncertainty, says Webber Wentzel partner Kate Collier. Addressing a seminar on the way the Department of Mineral Resources (DMR) approaches senior mine management in the aftermath of serious... 

Legal discretion dogging mine safety inquiries – Webber Wentzel
Webber Wentzel partners tell Mining Weeky Online’s Martin Creamer of uncertainty being mining’s new certainty. Photographs: Duane Daws. Video & Video Editing: Nicholas Boyd.

Improving froth pumping solution

By: Sascha Solomons     10th June 2016 Specialist slurry equipment solutions provider Weir Minerals is introducing the next- generation WARMAN horizontal froth pump, which features a continuous air removal system that can be applied to the company’s froth pumps already in the market. This is in line with Weir Minerals’ focus on... 

Improving froth pumping solution
RUI GOMES Being able to develop and implement changes to produce greater efficiency is important in the pumps industry

Mining’s rebirth under way – Ritchken 

By: Martin Creamer     9th June 2016 New joint action is being brought to bear to arrest the devastating decline of the South African mining industry, which will involve the Mining Phakisa policy intervention seeking to boost the sector by positioning it as the centrepiece within a new, cohesive mining cluster that requires... 

Mining’s rebirth under way – Ritchken
Mining Phakisa's Edwin Ritchken outlines progress to Mining Weekly Online’s Martin Creamer at SAIMM conference. Video & Video Editing: Nicholas Boyd.

RMG inks share price agreement to raise $2m for Chile property

By: Samantha Herbst     8th June 2016 ASX-listed junior RMG has entered into a share subscription agreement with cornerstone investor Epoch Bliss to raise $2-million, before expenses, to fun ongoing activities at RMG’s Chile property and to review other potential opportunities within the resources sector. The agreement, through which... 

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