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Zinc News

Votorantim zinc smelter workers in Peru call off planned strike

By: Reuters     28th April 2017 Workers at a zinc smelter in Peru operated by a unit of Brazil's Votorantim Participacoes called off a strike planned for next week after the company agreed to settle most of their demands, a union leader said on Friday. The 350-member union earlier this week had announced the planned work... 

Votorantim zinc smelter workers in Peru plan strike

By: Reuters     27th April 2017 Workers at Brazilian group Votorantim's Cajamarquilla zinc smelter, in Peru, plan to start an indefinite strike on May 6, demanding a bigger share of profits and better working conditions, a union leader said on Thursday. The union of 350 workers plans its first strike in 16 years, saying the... 

Teck’s earnings rise on higher coal price

By: Henry Lazenby     25th April 2017 Canadian diversified miner Teck Resources on Tuesday posted adjusted first-quarter profit of C$671-million, or C$1.16 a share, a significant increase on the C$18-million, or C$0.03 a share reported a year earlier, but falling short of analyst forecasts calling for earnings a share of C$1.29. The... 

BMI expects gradual price recovery for industrial metals

By: Megan van Wyngaardt     21st April 2017 Since bottoming out in early 2016 and staging an impressive, albeit largely speculative, rally over the past year and a half, industrial metals will experience a gradual price recovery over the coming years, as improving fundamentals support a stabilisation, rather than rebound, in prices,... 

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can he no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012 that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, as against India’s 7.6%, the... 

Despite slower growth, China still key market for miners and Africa

Ascendant lifts El Mochito mill throughput 17% since Dec buy; sees output rise 41% by Q4

By: Henry Lazenby     19th April 2017 Since acquiring the west-central Honduras-based El Mochito zinc/lead/silver mine about four months ago, Canadian miner Ascendant Resources has leveraged its management team’s experience to immediately turn the operation around, giving it a growth platform generating free cash flow. Once the crown... 

Ascendant lifts El Mochito mill throughput 17% since Dec buy; sees output rise 41% by Q4
Ascendant Resources is ramping up output at its flagship El Mochito mine, Honduras

Americas Silver gains momentum in transition to low-cost producer by 2018

By: Henry Lazenby     19th April 2017 Bolstered by improving silver and base metals prices, junior miner Americas Silver is in the home stretch to deliver on a four-year turnaround strategy at its two operating mining complexes in Sinaloa state, Mexico and Idaho, in the US. “We have a lot of intrinsic value that’s about to be... 

Americas Silver gains momentum in transition to low-cost producer by 2018

Mining majors' shares pull back as iron, copper prices retreat

By: Henry Lazenby     18th April 2017 Major miners saw their respective stocks pull back on Tuesday on the back of weaker iron-ore and base metals prices, despite the latest Chinese economic data showing better-than-expected growth in the first quarter of 2017. Major miners traded in the red on Tuesday, including the world’s largest... 

Mining majors' shares pull back as iron, copper prices retreat

World's nutrient-poor farms get a vitamin boost from zinc mines

By: Bloomberg     18th April 2017 Injecting an industrial metal back into the ground could prove a boon for farmers and miners alike. The metal is zinc. Used mostly to reduce corrosion in iron and steel, zinc also is needed in trace amounts to keep humans and plants healthy. Without it in their diets, people are prone to... 

World's nutrient-poor farms get a vitamin boost from zinc mines

Scotiabank’s commodity price index gains 2.2% in February

By: Creamer Media Reporter      13th April 2017 The Scotiabank Commodity Price Index gained 2.2% month-over-month in February as industrial commodities continue to benefit from healthy demand on the back of a stronger global economic outlook, while supply-side idiosyncrasies continue to provide opportunity for differentiation, the banking... 

Funding under way for revival of old Prieska zinc-copper potential

By: Martin Creamer     12th April 2017 Funding efforts aimed at reviving the old Northern Cape mining area endowed with significant zinc and copper potential are gaining momentum. Acknowledged as the host of one of world’s most noteworthy volcanogenic massive sulphide (VMS) base metal deposits, the Prieska area has a well-recorded... 

Billionaire Agarwal creates BHP-style Indian resources major

By: Bloomberg     12th April 2017 Anil Agarwal has sealed the merger of his mining and energy businesses in India, creating a BHP Billiton-like resources conglomerate, even as a recent investment in Anglo American Plc raises questions about how far the-billionaire’s ambitions stretch. Vedanta combined with unit Cairn India on... 

LatAm water scarcity, pollution to drive more stringent enviro rules

By: Henry Lazenby     12th April 2017 New analysis by the research arm of the Fitch Group, BMI, forecasts water scarcity and contamination in Latin America will drive increasingly stringent environmental regulations in the region over the coming years. While increasing the costs for miners and delaying certain projects, the focus on... 

LatAm water scarcity, pollution to drive more stringent enviro rules

Market nervous on zinc bull story as shortages fail to emerge

By: Reuters     11th April 2017 Expected shortages of zinc, a metal often favoured by speculators, may not materialise this year because recent price gains have spurred miners around the world to increase output. Zinc was the best performer on the London Metal Exchange last year with a surge of 60% and many investors and... 

Platinum has best price improvement prospects – Major

By: Martin Creamer     6th April 2017 Platinum has better price improvement prospects than virtually any other commodity, Cadiz Corporate Solutions mining director Peter Major said on Thursday. Speaking at a breakfast to publicise the upcoming Junior Indaba on June 7 and 8, Major cast doubt on gold going much higher, said iron-ore... 

Platinum has best price improvement prospects – Major
Cadiz Corporate Solutions mining director Peter Major

Aquila receives federal water discharge permit for Michigan mine

By: Henry Lazenby     6th April 2017 Canadian project developer Aquila Resources has received the National Pollutant Discharge Elimination System (NPDES) permit for its Back Forty zinc/gold project, in Michigan, representing a major milestone for the company. The NPDES was issued on Wednesday, following a comprehensive public... 

Arizona Mining reports robust PEA results, sets production target for 2020

By: Henry Lazenby     4th April 2017 Canadian mineral exploration and development company Arizona Mining has published robust economics from a preliminary economic assessment (PEA) for its Taylor zinc/lead/silver sulphide deposit, located on the 100%-owned Hermosa project, in Arizona. The PEA, published Monday and prepared by... 

Nevsun exploration continues Harena expansion beyond current resource, finds new regional targets

By: Henry Lazenby     4th April 2017 An ongoing exploration campaign by Eritrea-focused base metals miner Nevsun Resources has extended the current Harena satellite deposit by 150 m beyond the current resource estimate. “The new drilling demonstrates that the already sizeable Harena resource extends 150 m beyond its currently... 

Nevada Zinc focused on organic growth as zinc fertiliser, Yukon gold prospects suggest upside

By: Henry Lazenby     1st April 2017 Canadian explorer Nevada Zinc is working towards publishing a maiden resource estimate for the flagship Lone Mountain zinc project by the end of the second quarter, as it continues to evaluate the best ways to monetise zinc products. Toronto-based Nevada Zinc in January completed a technical... 

Nevada Zinc focused on organic growth as zinc fertiliser, Yukon gold prospects suggest upside

Angola aims to attract major mining investor, develop local ones

By: Keith Campbell     31st March 2017 The copper/cobalt belt, known as the Central African Copperbelt, already well-known and exploited in Zambia and the Democratic Republic of Congo, also extends into Angola. This has been determined by surveying activities carried out under Angola’s National Geology Plan (known by the Portuguese... 

Mining showing tentative improvement off low base – chamber

By: Martin Creamer     30th March 2017 The fourth quarter mining financial statistics data released by Statistics South Africa (Stats SA) confirm the tentative improvement in the sector’s financial conditions during 2016, but off a very low 2015 base and with huge swings in performance. In 2016 rand terms, mining’s profits before... 

Mining showing tentative improvement off low base – chamber
Photo by Duane Daws
Chamber of Mines economist Henk Langenhoven

Canadian royalties, streaming firm Franco-Nevada reports rising revenues as it looks to diversify

By: Henry Lazenby     23rd March 2017 Canadian gold royalties and streaming firm Franco-Nevada Corp has recorded a 37.6% increase in revenue for 2016, boosted by record ounces delivered and soaring sales. The company, which derives income from 107 producing royalties and streams, achieved a 30.9% increase in gold-equivalent ounces... 

Canadian royalties, streaming firm Franco-Nevada reports rising revenues as it looks to diversify

Trilogy pulls the trigger on high-grade copper Arctic prefeasibility study

By: Henry Lazenby     20th March 2017 Alaska-focused mineral explorer Trilogy Metals will undertake a prefeasibility study (PFS) on the Arctic project, in Northwest Alaska – one of the highest-grade copper deposits known in the world with an average grade of 6% copper equivalent. "The PFS will demonstrate the true value of the... 

Vedanta already turning Anglo’s discarded zinc assets to account 

By: Martin Creamer     17th March 2017 Diversified mining company Vedanta, which is being associated with the acquisition of 13% of the equity of Anglo American by Volcan Investments because of the link both these entities have with Indian billionaire Anil Agarwal, has done well with the South African assets it acquired from Anglo... 

Vedanta already turning Anglo’s discarded zinc assets to account
Flashback video: Vedanta's Zinc International CEO Deshnee Naidoo updates Mining Weekly Online’s Martin Creamer on the Gamsberg zinc project. Video and Video Editing: Nicholas Boyd.

Optimism on minerals seen seeping down to grassroots explorers

By: Henry Lazenby     15th March 2017 Noting the optimism exhibited at the recent Prospectors and Developers Association of Canada (PDAC) international convention, held in Toronto, project generator Transition Metals says the fundamental shift in confidence it saw over the past year is consistent with this. “If you look at the... 

Optimism on minerals seen seeping down to grassroots explorers

Trevali expands geographic footprint to Africa as zinc tide rises

By: Henry Lazenby     14th March 2017 Canadian base metals producer Trevali Mining is expanding its geographic footprint into Africa with the $400-million acquisition of diversified mining and marketing company Glencore’s 80% interest in the Rosh Pinah mine, in Namibia, and 90% interest in the Perkoa mine, in Burkina Faso. HSBC... 

Trevali expands geographic footprint to Africa as zinc tide rises

Certification grows company’s sales, ups market share

By: Victor Moolman     10th March 2017 Valve and steel supplier Stewarts & Lloyds South Africa (S&L SA) has grown its market share in South Africa after receiving South African National Standards (SANS) certification for its RSV gate valves, reporting a 40% increase in SANS-approved valve sales since receiving certification last year. 

Certification grows  company’s sales,  ups market share
SERVICE DELIVERY Stewarts & Lloyds attributes its strategically located branch network to always being able to ensure minimal downtime for customers

BofAML warns of rising headwinds for commodities

By: Henry Lazenby     9th March 2017 Bank of America Merrill Lynch (BofAML) cast a pall on the budding optimism seen at the recent Prospectors and Developers Association of Canada’s yearly convention, in Toronto, saying that the commodity market, in general, is transitioning from tailwinds to headwinds this year. In its ‘Global... 

African mining delegation closes TSX

By: Henry Lazenby     9th March 2017 An African mining delegation, comprising government officials and mining companies, rang the closing afternoon bell of the TSX on Wednesday afternoon during the yearly Prospectors and Developers Association of Canada international convention. The delegations joined TMX Group global equity markets... 

African mining delegation closes TSX

‘What a difference a year makes’ – analysts outline mostly strong commodity fundamentals despite uncertainty

By: Henry Lazenby     7th March 2017 “What a difference a year makes,” John Butcher, principal economist at commodity consultancy Wood Mackenzie exclaimed during a technical programme at the Prospectors and Developers Association of Canada’s yearly convention this week. While global economic growth came in at a disappointing 2.3% in... 

Stakeholder engagement key to African development success

By: Henry Lazenby     7th March 2017 Capital for development ebbs and flows with global economic cycles, pushing to the fore the need for long-term regulatory security when it comes to multinational miners developing projects in Africa, said Ashanti Gold CEO and director Tim McCutcheon during a panel discussion on Africa’s mining... 

Stakeholder engagement key to African development success

Transformation at the core of Anglo American’s resilience

By: Henry Lazenby     7th March 2017 The ability to innovate and build adaptation into the DNA of mining companies is a critical requirement to successfully navigate major market changes, Anglo American CEO Mark Cutifani said during a keynote address at the 2017 Prospectors and Developers Association of Canada’s yearly convention.... 

Transformation at the core of Anglo American’s resilience
Photo by Duane Daws
Ango American CEO Mark Cutifani says survival meant a massive transformation of the asset base, in a rapid time frame

Uncertain politics, policy development permeates commodities price outlook 

By: Henry Lazenby     3rd March 2017 A common factor in the outlook for most commodities included in The Bank of Nova Scotia Commodity Price Index is the outsized near-term importance of highly uncertain politics and policy, the group’s commodity economist Rory Johnston said in a special report of the Commodity Price Index this... 

Uncertain politics, policy development permeates commodities price outlook
Photo by Reuters
Gold is expected to trend sideways for most of 2017 and 2018, as rising rates, a stronger dollar, and a generally sanguine investor outlook despite significant political uncertainty all pose headwinds for the yellow metal

‘Slight wrinkles’ on physical market to stay zinc’s rise above $3 000/t to H2 2017

By: Henry Lazenby     3rd March 2017 Despite zinc outperforming other base metals in 2016, “slight wrinkles” in the otherwise strong fundamentals for the metal will delay its price ascent beyond the $3 000/t mark before midyear, new analysis by Bank of America Merrill Lynch (BofAML) Global Research shows. Analysts note that activity... 

‘Slight wrinkles’ on physical market to stay zinc’s rise above $3 000/t to H2 2017

Drilling services provider declares Indaba ‘great success’

By: Simone Liedtke     3rd March 2017 The 2017 Investing in African Mining Indaba was a “great success” for drilling services and equipment, including for performance tooling provider Boart Longyear, as it secured deals and has several prospective projects to follow up on, says general sales manager Andre van Heerden. 

Drilling services  provider declares  Indaba ‘great success’
TRUCORE The core-orienation tool is easy-to-use, highly accurate and features wireless communication, a corrosion-resistant steel body and a field-replaceable battery

Facilitating investor support ahead of upturn in cautious market

By: Simone Liedtke     3rd March 2017 The main goal of the 2017 Investing in African Mining Indaba was to help position businesses in industry to take advantage of the expected market upturn by securing investor support, event organiser Mining Indaba MD Alex Grose tells Mining Weekly. 

Facilitating investor support ahead of upturn in cautious market
HEART OF DEALMAKING The Investing in African Mining Indaba provides a platform for mining companies to communicate their objectives with investors

Proactive healthcare can yield a return on investment for miners

By: Simone Liedtke     3rd March 2017 Cost containment is one of the key drivers for mining companies in the current economic climate, causing medical and healthcare services to become reactive purchases, according to medical and healthcare service provider International SOS medical director Dr Charl van Loggerenberg, who spoke to... 

Proactive healthcare can yield a return on investment for miners
NOT GRUDGE PURCHASE There are tangible benefits in investing in a healthcare strategy

Tough times call for cost-saving measures

By: Simone Liedtke     3rd March 2017 Mining in South Africa is tougher and costlier than ever, with investment flowing out of the country, instead of into the industry, says transport, industrial and heating fuel provider Shell South Africa commercial lubricants business-to-business marketing manager Tendani Ndwamise. 

Tough times call for cost-saving measures
INCREASING COMPLEXITY Heavy-duty machinery and equipment in the mining sector are becoming more complex and require the highest levels of professionalism from operators and servicing technicians
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