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Zinc News

PEA reports healthy operating margins at Rathdowney Resources’ Polish project

By: Henry Lazenby TSX-V-listed Rathdowney Resources has completed a preliminary economic assessment (PEA) of its 100%-owned Olza zinc/lead project, located in south-western Poland, which indicated healthy operating margins, a high internal rate of return (IRR) and a short payback period. The PEA calculated the... 

Nevsun makes progress with Eritrean zinc expansion

By: Henry Lazenby Canadian miner Nevsun Resources is on track to start commissioning the new zinc plant currently under construction at its flagship Bisha operation, in Eritrea, by mid-2016. The Vancouver-based firm on Wednesday reported that overall construction progress stood at 60%, with foundations and civil... 

Canada’s mining industry welcomes federal budget 

By: Henry Lazenby Canada's national mining association has welcomed the Conservative government’s balanced federal budget 2015, citing its pleasure with renewed funding for critical areas such as environmental assessments, the Major Projects Management Office, Aboriginal education and training, and geoscience.... 

Canada’s mining industry welcomes federal budget
Photo by Reuters
Canada's Finance Minister Joe Oliver on Tuesday tabled a C$990.3-billion balanced budget.

Teck Resources misses Q1 analyst earnings forecasts, slashes dividend by two thirds

By: Henry Lazenby Canada’s largest diversified miner Teck Resources has cut its twice-yearly dividend by two-thirds as lower commodity prices and weakening Chinese metallurgical coal demand weighed on the Vancouver-based company’s first-quarter results. Teck on Tuesday announced an eligible dividend of $0.15 a... 

Teck Resources misses Q1 analyst earnings forecasts, slashes dividend by two thirds

Solvista and Rockcliff ink merger accord to further Manitoba projects

By: Henry Lazenby TSX-V-listed juniors Solvista Gold and Rockcliff Resources signed a definitive amalgamation agreement on Friday that would see Solvista acquire all the issued and outstanding common shares of Rockcliff. The all-scrip transaction would combine Rockcliff’s Snow Lake copper/gold/zinc/silver prospect... 

Siemens awarded entire Nautilus Minerals support vessel electric contract

By: Henry Lazenby Prospective marine miner Nautilus Minerals has awarded Siemens International Trading (Shanghai), a subsidiary of Siemens, the entire electrical installation contract for its support vessel currently being designed and built by Fujian Mawei Shipbuilding, in Fujian province, in south-eastern China.... 

Vedanta's Lisheen zinc mine to close this year

By: Reuters Vedanta Resources said its Lisheen mine in Ireland will close in October, taking out a large amount of zinc concentrate in a market that is expected to see a deficit this year. The second-largest zinc mine in Europe, it produces about 165 000 t of zinc metal in concentrate per year. 

Miners report first-quarter output ahead of financials

By: Henry Lazenby Several miners reported production results this week ahead of publishing financial results for the three months ended March 31. NYSE- and TSX-listed McEwen Mining reported 23% increased gold output to 24 696 oz and a decline in silver production of 10% to 655 339 oz in the period when compared... 

Zinc tipped for a price revival in medium term

By: Dylan Stewart Owing to several significant zinc mines worldwide reaching their end of life, zinc might be in short supply, pushing the price upwards in the medium term, says International Zinc Association regional director for sub-Saharan Africa Rob White. 

First Majestic Silver precious metals output lower as grades sag

By: Henry Lazenby Mexico-focused precious metals miner First Majestic Silver has reported 4% lower first-quarter silver output as grades at all five of its active mines decreased by 13%. The Vancouver-based miner reported total silver output for the three months ended March 31 of 2.78-million ounces of silver,... 

Aurelia declares commercial production in NSW

By: Esmarie Swanepoel ASX-listed Aurelia Metals has declared commercial production at its Hera gold-lead-zinc mine, in New South Wales. The junior on Tuesday noted that commissioning of all key components of the processing plant, had now been completed, with the crushing circuit continuing to operate above design rates. 

Nevada Zinc builds on Nevada play’s high-grade mineralisation

By: Henry Lazenby TSX-V-listed explorer Nevada Zinc, formerly Goldspike Exploration, has continued to expand the high-grade, near-surface zinc mineralisation at its Lone Mountain property, in Nevada, with the latest Phase 2 drill holes revealing significant zinc mineralisation in a location more than 200 m from... 

Arguments start on whether BC Supreme Court has say in Guatemalan violence suit

By: Henry Lazenby Vancouver-based Tahoe Resources on Wednesday argued in the British Columbia Supreme Court to dismiss a civil suit launched last year by seven Guatemalan protesters who were shot during a peaceful protest outside the Escobal silver/lead/zinc mine, in south-eastern Guatemala. The seven men were... 

Arguments start on whether BC Supreme Court has say in Guatemalan violence suit
Photo by Tahoe Resources
The Escobal silver/lead/zinc mine, in south-eastern Guatemala.

Berkeley shifts gears on Kabwe processing plant

By: Natasha Odendaal London-listed Berkeley Mineral Resources (BMR) has scrapped the definitive feasibility study- (DFS-) recommended multispiral gravity separation in favour of leach processing for its Kabwe project’s pilot plant, in Zambia. The shift in methodology for the recovery of zinc and lead from the... 

Aquila Resources closes $20.75m financing

By: Henry Lazenby TSX- and Frankfurt-listed Aquila Resources has closed a private placement and a silver purchase agreement for total funding of $20.75-million with Orion Mine Finance. The development-stage company, which was focused on developing the 100%-owned Back Forty gold/zinc project, in Michigan's Upper... 

Seize opportunity to improve mining tax, pleads KPMG’s Saloojee

By: Martin Creamer South Africa should seize the current timely opportunity to amend its mining taxation in a manner that encourages foreign investment, stimulates prospecting, gets mining companies to start dealing with marginal mines and gives enough back to the fiscus for the benefit of this country's people,... 

Seize opportunity to improve mining tax, pleads KPMG’s Saloojee
Muhammad Saloojee

Noront Resources consolidates position in Ontario’s Ring of Fire for a bargain 

By: Henry Lazenby Northern Ontario’s emerging minerals-rich Ring of Fire (RoF) mining camp has a new champion after US-focused iron-ore producer Cliffs Natural Resources agreed to bow out of the prospective region by selling its claims to explorer Noront Resources for $20-million. Noront, which was currently in... 

Noront Resources consolidates position in Ontario’s Ring of Fire for a bargain

Zijin Mining acquires 9.9% stake in Ivanhoe Mines

By: Megan van Wyngaardt TSX-listed miner Ivanhoe Mines has entered into a $82-million deal with Chinese Zijin Mining Group to boost the miner’s working capital and available funds for general corporate purposes, including the advancement of the company’s projects in Africa. Under the terms of the deal, the Chinese... 

Zijin Mining acquires 9.9% stake in Ivanhoe Mines
Photo by Duane Daws
Robert Friedland

Glencore opts for squeaky clean

By: Martin Creamer Mining and marketing giant Glencore on Thursday took the unprecedented step of signing a major human rights commitment with a top human rights body, in a bid to keep its activities beyond reproach and squeaky clean. In its latest step of many recent steps to keep the company firmly on mining's... 

Glencore opts for squeaky clean
Photo by Duane Daws
Ivan Glasenberg

Zinc metal deficit expected to intensify – Glencore

By: Martin Creamer The zinc metal market’s 2014 deficit is expected to intensify this year, Glencore says in its latest annual report. The 200-page document, in which CEO Ivan Glasenberg notes slower than expected post-financial-crisis normalisation, positions the company as one able to react quickly and benefit... 

Zinc metal deficit expected to intensify – Glencore
Photo by Duane Daws
Ivan Glasenberg

Bisha mine processing plant shut down for repairs

By: Sashnee Moodley The processing plant at TSX-listed Nevsun Resources’ Bisha mine, in Eritrea, would be shut down for about two weeks to resolve a mechanical setback with the ball mill.  The company said in a statement on Friday that the temporary shutdown would not negatively impact its 2015 full-year production... 

Exxaro at BEE crossroads 

By: Martin Creamer Black economic-empowerment (BEE) transactions are under scrutiny at Exxaro Resources as existing BEE deals head towards their deadlines after ten years of providing licences to operate. The original 26% BEE shareholdings, transacted in 2006 with a 2016 expiry date, must now either be sold off to... 

Exxaro at BEE crossroads
Photo by Duane Daws
Sipho Nkosi

Nevada Zinc starts trading on TSX-V under new name, ticker

By: Henry Lazenby Explorer Goldspike Exploration on Friday started trading on the TSX-V under its new name, Nevada Zinc, and new ticker symbol, NZN. The company has completed a vertical amalgamation between Goldspike and its former subsidiary Nevada Zinc. 

Glencore commits to migrating first world safety to third world countries 

By: Martin Creamer Diversified major Glencore, which reported 16 fatalities last year, has committed itself to migrating first-world safety practices into challenging geographies where more than 80% of the deaths took place. The London-, Hong Kong- and Johannesburg-listed company’s SafeWork programme – in which 118... 

Glencore commits to migrating first world safety to third world countries
Photo by Duane Daws
Ivan Glasenberg

Zinc market to reach ‘pinch point’ in 2016/17 as mine closures outweigh new output

By: Henry Lazenby Profit margins for zinc miners will probably rise strongly over the next five years, boosted by expected price increases on the back of a widening supply deficit. According to advisory firm Wood Mackenzie (Woodmac) analyst Jonathan Leng, the next two years, 2016 and 2017, represented the “pinch... 

Glencore transitioning into deficit in most commodities – Glasenberg

By: Martin Creamer Diversified major Glencore was transitioning into deficit in most of the commodities it produced, CEO Ivan Glasenberg said on Tuesday. Glasenberg, who has presided over returning $9.3-billion to shareholders in dividends and buybacks since 2011, told analysts and media in teleconferences in which... 

Glencore transitioning into deficit in most commodities – Glasenberg
Photo by Duane Daws
Ivan Glasenberg

Marketing hoists Glencore over low commodity price hurdle

By: Martin Creamer Diversified major Glencore has managed to scale the low commodity price hurdle with significant help from its marketing arm. The London- Hong Kong- and Johannesburg-listed company, which produces and markets 93 commodities, went against the grain with its surging agricultural business yielding... 

Marketing hoists Glencore over low commodity price hurdle
Ivan Glasenberg

Five years on, Quebec’s Plan Nord 2.0 aims for coherence in low-price environment

By: Henry Lazenby When the Quebec government’s Plan Nord to develop the parts of the province located north of the 49th parallel was launched under Jean Charest’s Quebec Liberal Party in May 2011, it was heralded as a timely and necessary act in the mining industry’s favourable economic context at the time. But a... 

Five years on, Quebec’s Plan Nord 2.0 aims for coherence in low-price environment
Photo by Reuters
Former Quebec Premier Jean Charest unveiled the Plan Nord on May 9, 2011.

Eagle-eyed investors urged to seek out rich pickings among juniors

By: Simon Rees The worst of the mining industry’s declines are over, although it now faces a trough of uncertain length, the head of Kaiser Research Online John Kaiser told an audience at the Prospectors & Developers Association of Canada 2015 convention. “But now it’s time to get serious – to get out there and... 

Mitsui cuts zinc premiums for first time in 6 years as China exports rise

By: Reuters Japan's biggest zinc smelter, Mitsui Mining and Smelting, has slashed its annual premiums to overseas buyers for 2015 by around 10%, marking the first cut in six years as rising exports by top user China spill into the region. Premiums are a surcharge paid to producers on top of futures prices to... 

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