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Zinc News

White Rock unveils ‘game-changer’ equity raising to advance NSW, Alaska projects

By: Mariaan Webb     28th September 2016 Minerals explorer White Rock is seeking to raise $5.74-million through the placement of shares and an entitlement offer to fund studies and exploration at projects in New South Wales and in Alaska. The company will raise $1.62-million in a placement of ordinary shares to investors and up to... 

Mining Commissioner issues final order on Cliffs' bid over KWG rail claims

By: Henry Lazenby     28th September 2016 The Mining and Lands Commission of Ontario has made a final order, paving the way for an application to the Ontario Ministry of Natural Resources, which was made by Cliffs Natural Resources in early 2012, for the grant of an easement over the claims of KWG subsidiary Canada Chrome Corporation... 

Aquila discovers new ore zone at Back Forty

By: Henry Lazenby     28th September 2016 TSX-listed project developer Aquila Resources has made a new discovery of gold and zinc mineralisation near its Back Forty project, in Michigan's Upper Peninsula. The Toronto-headquartered company on Tuesday reported the assay results of two discovery holes of mineralisation that could... 

Teck’s diversified business model poised to drive cash flow, profit as commodities rise

By: Henry Lazenby     27th September 2016 Canada’s largest diversified miner Teck Resources is positioned to benefit from rising commodity prices owing to its exposure to stronger steelmaking coal and zinc markets, as well as from the weaker Canadian dollar. VP of investor relations and strategic analysis Greg Waller told the Deutsche... 

Teck’s diversified business model poised to drive cash flow, profit as commodities rise
Photo by Bloomberg
The zinc, lead and silver smelter of Vancouver-based diversified miner, Teck Cominco, the world's largest zinc producer _ Bloomberg

In first Canadian foray, Denham enters into $65m partnership with project developer JDS Silver

By: Henry Lazenby     27th September 2016 Private equity firm Denham Capital has agreed to back private project developer JDS Silver by providing $65-million to complete construction and bring into production the Silvertip mine, in northern British Columbia. At a 30% zinc-equivalent grade, the Silvertip project has one of the... 

Kinross sells 4.7% stake in Lundin

By: Henry Lazenby     27th September 2016 Gold producer Kinross Gold has agreed to sell a 4.7% stake in Lundin Mining to GMP Securities, amounting to 5.5-million common shares at C$5.60 apiece. Kinross on Monday said the deal was part of its portfolio management strategy and would generate C$30.8-million in gross proceeds. 

Randgold CEO Bristow ‘super excited’ about Africa as ‘next China’ 

By: Martin Creamer     26th September 2016 Africa needs investments coupled with aggressive growth and if correctly managed, will be the world’s "next China", says Randgold Resources CEO Dr Mark Bristow, who has developed half a dozen highly successful gold mines on the continent besides traversing its length and breadth on his motor... 

Randgold CEO Bristow ‘super excited’ about Africa as ‘next China’
Randgold CEO Dr Mark Bristow (centre) with host country management at the Loulo gold mine

Skeena completes acquisition of Mount Rainey Silver

By: Henry Lazenby     24th September 2016 Junior explorer Skeena Resources' acquisition of Mount Rainey Silver has closed, giving it access to mineral claims covering the past-producing, underground Prosperity–Porter Idaho–Silverado silver property, in north-west British Columbia’s ‘Golden Triangle’. Mount Rainey Silver's primary asset... 

Trevali expands high-grade Santander deposits, makes new hanging wall discovery

By: Henry Lazenby     21st September 2016 The TSX-listed stock of base metals producer Trevali Mining has risen to a new 52-week high after the company reported positive exploration results from its Santander mine, in Peru. Vancouver-based Trevali reported results from twelve new drill holes of the ongoing 2016 underground exploration... 

South African ‘Mining Hall of Fame’ on way – Swanepoel

By: Martin Creamer     20th September 2016 A South African ‘Mining Hall of Fame’ is on the way. Revealing this at a pre-Joburg Indaba presentation on Tuesday, chairperson Bernard Swanepoel noted that South Africa was odd mining jurisdiction out in not having a mining hall of fame. 

South African ‘Mining Hall of Fame’ on way – Swanepoel
Photo by Duane Daws
Joburg Indaba chairperson Bernard Swanepoel

South African gold and diamond miners shine, base metals face slow recovery

By: African News Agency      20th September 2016 Moody’s Investors Service on Tuesday said South African gold and diamond miners’ credit quality had good prospects to continue strengthening. Moody’s assistant VP Douglas Rowlings said the gold and diamond miners that the agency rated in South Africa had already re-set their operations to... 

Zinc demand set to outpace production

By: Megan van Wyngaardt     19th September 2016 Global zinc demand growth is set to marginally outpace production growth between now and 2020, averaging 1.7% and 1.3%, respectively, advisory firm BMI Research said on Monday. Refined zinc production is slowing as weak prices and an ore shortage force major producers to curb output. 

Zinc demand set to outpace production

US mining industry in flux as policy, economic and enviro challenges force change

By: Henry Lazenby     16th September 2016 The outcome of the November 2016 US presidential election will not reverse the decline in the US mining industry value, as the beleaguered coal industry continues to face market headwinds. Rather, the results will determine the trajectory of environmental regulations and, therefore, raise or... 

US mining industry in flux as policy, economic and enviro challenges force change

Policy environment failing South African mining – professor

By: Martin Creamer     15th September 2016 South Africa’s policy environment is failing its mining industry, which is suffering an inability to attract investment. In terms of the weighted average cost of capital (WACC), South Africa is trailing many other mining jurisdictions owing to its unstable political economy. 

Policy environment failing South African mining – professor
Photo by Duane Daws
Southern African Institute of Mining and Metallurgy mineral economics division chairperson Professor Michael Solomon

Volvo places self-driving truck in operation at underground mine 

By: Irma Venter     14th September 2016 The Volvo Group has put a fully autonomous truck to the test at underground operations at the Kristineberg mine, 100 km from Arvidsjaur, in northern Sweden. The mine was opened in 1940 and is the oldest in operation in the Boliden area. A polymetallic ore containing zinc, copper, lead, gold and... 

Volvo places self-driving truck in operation at underground mine
The Volvo FMX self-driving truck enters operations at the Kristineberg mine

Alacer studies second mine in Turkey

By: Mariaan Webb     14th September 2016 TSX- and ASX-listed Alacer Gold is advancing a second project in Turkey to detailed study phase, following the completion of a prefeasibility study (PFS), which demonstrates the Gediktepe project’s technical and financial feasibility. The PFS established a maiden resource and reserve for the... 

First global rankings of renewables use by mining companies to be released

By: Creamer Media Reporter      14th September 2016 Renewable energy information provider to the mining industry Energy and Mines has released the initial results of the first global rankings of renewables used by mining companies, identifying that the top 21 mining companies use wind and solar energy to power their operations. The ‘Energy and... 

Mining needs disruptive digital change, Electra Mining conference hears

By: Martin Creamer     12th September 2016 The mining industry, which has a past of intervening with key technologies at critical times, is currently at an important leverage point that requires disruptive change. Envisaged is that disruptive change will be supported by the interaction of people, process and technology and definitely not... 

Mining needs disruptive digital change, Electra Mining conference hears
Photo by Duane Daws
Telstra Mining Services head Jeanette McGill

Energia shakes the tin for Italian zinc project

By: Esmarie Swanepoel     12th September 2016 Minerals developer Energia Minerals is hoping to raise A$6.1-million through a fully underwritten two-for-seven renounceable pro-rata rights issue. The rights issue will be priced at 3.5c a share, and funds raised will be used primarily to enhance and accelerate the Gorno zinc project, in Italy,... 

Energia shakes the tin for Italian zinc project

Red River starts zinc plant refurbishing

By: Esmarie Swanepoel     12th September 2016 Early stage refurbishment work has started at the Thalanga zinc processing plant, in Queensland, as part of efforts to restart the project. Owner Red River Resources previously reported that it would need to invest some A$17.2-million to restart production at Thalanga, which has been on care... 

Nevsun sells, ships first zinc concentrate from Bisha

By: Henry Lazenby     9th September 2016 Canadian base metals producer Nevsun Resources has sold and shipped the first 10 000 t of zinc concentrate from its flagship Bisha mine, in Eritrea. The shipment was loaded at the Port of Massawa and sailed on September 7, after being sold on the spot market, attracting multiple offers and highly... 

Nevsun sells, ships first zinc concentrate from Bisha
Photo by Nevsun Resources
Bisha, Eritrea

Drilling at Northern Cape zinc/copper project produces ‘excellent’ results

By: Mia Breytenbach     9th September 2016 Following a “strong start” to its maiden drilling programme at the Prieska Copper (PC) zinc/copper project in the Northern Cape, ASX-listed Orion Gold reports that the latest results from ongoing drilling include an “impressive” intersection of 17 m grading 10% zinc and 2% copper. The PC mine is... 

Drilling at Northern Cape zinc/copper project  produces ‘excellent’ results
Photo by Reuters
ENCOURAGING RESULTS The latest drilling results include 20 m at 8.58% zinc and 2.21% copper at OCOR023 including 17 m at 9.98% zinc and 2.01% copper

Zinc drops as investors take a break from year’s best commodity

By: Bloomberg     7th September 2016 Zinc dropped the most in a week as some investors closed out bullish bets on this year’s best-performing major commodity. The metal fell as much as much as 1.3% in London after touching a 15-month high on Monday. Zinc has rallied 45% this year on expectations of a supply shortage after mine... 

Vedanta’s Black Mountain scoops mine health, wellness award

By: Martin Creamer     6th September 2016 Vedanta Zinc International company Black Mountain Mining has won the Southern African Institute of Mining and Metallurgy’s prestigious Health and Wellness Award. Presented to the company at MineSAFE 2016, the award recognises the contribution of the company’s cataract surgery project to the... 

Vedanta’s Black Mountain scoops mine health, wellness award
Vedanta Zinc International CEO Deshnee Naidoo and COO Mark Munroe, holding trophy, flanked by manager Jacques Erasmus and VP projects Satish Kumar Krishnamoorthy

Aquila rises on obtaining draft mining, pollution permits

By: Henry Lazenby     3rd September 2016 The TSX-listed stock of base metals project developer Aquila Resources has jumped 27% on Friday after it announced receipt of draft mining and pollution permits for its Back Forty gold/zinc project, located in Michigan's Upper Peninsula. The Michigan Department of Environmental Quality (MDEQ) has... 

Glencore's US senior copper, zinc trader, McGee, leaves

By: Reuters     3rd September 2016 Senior US copper and zinc trader at Glencore, Tim McGee, has left the Swiss-based commodities producer, a spokesman said on Friday. 

Zinc producer's shareholders fall short in bankruptcy fight

By: Reuters     2nd September 2016 Horsehead Holding was cleared to exit bankruptcy on Friday, although a US judge acknowledged that allegations by the zinc producer's shareholders about their investment being unfairly wiped out came very close to derailing the company's plan. Horsehead can now proceed with its plan to eliminate... 

Argentina seeks to unify regulations to spur mining investments

By: Reuters     1st September 2016 The Argentine government wants to unify mining regulations under a proposed federal law that would permit openpit mines to operate throughout the country as part of an effort to jump-start investment in the sector, a government official said. Argentina has fallen behind its mineral-rich... 

Venturex raises capital to progress exploration

By: Megan van Wyngaardt     30th August 2016 A new drilling programme is set to start at ASX-listed Venturex Resources’ Whim Creek zinc project, on the back of the company raising $3.05-million through its nonrenounceable entitlement issue. The programme will seek to grow the existing zinc resource and test newly identified exploration... 

Noront expands RoF land-holdings, outlines exploration and development strategies

By: Henry Lazenby     26th August 2016 Northern Ontario-focused project developer Noront Resources has increased its position as the dominant land-holder in the prospective Ring of Fire (RoF) mining camp after closing the acquisition of 75% of MacDonald Mines’ claims in the region, the company said this week. Through the transaction,... 

South32 to pay inaugural dividend despite significant revenue drop

By: Samantha Herbst     25th August 2016 Despite a 25% drop in revenue for the 2016 financial year, diversified mining major South32 announced on Thursday that it would pay an inaugural shareholder dividend of $0.01 a share, reflecting the company’s belief in its operations and the flexibility of its balance sheet. With revenue down... 

South32 to pay inaugural dividend despite significant revenue drop
Photo by Bloomberg
South32 CEO Graham Kerr

Tightening supply should bode well for commodity prices – Glencore

By: Martin Creamer     24th August 2016 Diversified mining and marketing company Glencore, now with a significantly reduced debt profile, is producing its key commodities at exceptionally low operational cost, exemplified by the unit cost of the zinc it produced in the six months to June 30 coming in at the negative unit cost figure of... 

Tightening supply should bode well for commodity prices – Glencore
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Teck raises concerns over Reward offer, JV following Rox–Marindi deal

By: Mariaan Webb     23rd August 2016 Diversified mining company Teck Resources has raised concern over the offer that joint venture (JV) partner Rox Resources had accepted for its 49% interest in the Reward zinc and lead project, in the Northern Territory. Under a JV agreement, Rox was required to offer to sell its interest in the... 

KWG and Chinese engineering group move ahead with RoF rail feasibility study

By: Henry Lazenby     23rd August 2016 Junior exploration firm KWG Resources has appointed a China-based consulting engineering group to undertake a conditional bankable feasibility study (BFS) on a proposed railroad from the mineral properties in Ontario's Ring of Fire (RoF), to a junction with the CN Railroad at Exton, Ontario. KWG... 

PNX fully funded to complete Hayes Creek PFS

By: Mariaan Webb     22nd August 2016 Base and precious metals explorer PNX Metals has received strong support from new investors and existing major shareholders in its latest share placement, raising $1.5-million to fund the completion of its prefeasibility study (PFS) for its flagship Hayes Creek project, in the Northern... 

Drilling reveals high-grade zinc/copper at Prieska project

By: Mia Breytenbach     19th August 2016 ASX-listed Orion Gold has made a “strong start” to its maiden drilling programme at the Prieska Copper (PC) zinc/copper project, in the Northern Cape, with initial assays including grades of up to 21.7% zinc and 7.5% copper confirming and enhancing historical results. The PC mine, a key part of... 

Drilling reveals high-grade zinc/copper  at Prieska project
Photo by Bloomberg
HISTORICAL PERFORMANCE The Prieska Copper mine has a recorded historical production of 0.43-million tonnes of copper

Horomela seeks to expand its asset base, attracting investors

By: Ilan Solomons     19th August 2016 Local base metals exploration and mining aspirant Horomela last month received permission from the Department of Mineral Resources (DMR) to assess the viability of exploring a further 600 000 ha of tenements adjacent to an existing 200 000 ha of prospecting land, in the Namaqualand region of the... 

Horomela seeks to expand its asset base, attracting investors
Photo by Duane Daws
ABONGILE MDINGI The Department of Mineral Resources has given Horomela the go-ahead to survey its new tenements for copper, lead, silver, tungsten, zinc and uranium

MMG to start formal expression of interest process for Golden Grove

By: Mariaan Webb     18th August 2016 Metals miner MMG has received “several approaches” from parties interested in its Golden Grove copper mine, in Western Australia, CEO Andrew Michelmore has said. The China-owned company, which this week reported a half-year loss of $67-million, will appoint a financial advisor to start a formal... 

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