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Zinc News

Lundin hikes FY guidance targets; names new CEO as Conibear retires

By: Mariaan Webb     25th July 2018 A stellar performance from the Neves-Corvo mine, in Portugal, during the most recent quarter has prompted TSX-listed Lundin Mining to paint a more rosy production outlook for the full year, with the miner's copper and zinc guidance having been improved. The Neves-Corvo mine, where Lundin is... 

Galileo to continue with drill programme at Star Zinc project

By: Anine Kilian     23rd July 2018 Aim-listed Galileo Resources will continue with a drilling programme at its 85%-owned Zambia-based Star Zinc project, after a positive study of the project was completed by Earthmaps Consulting.    

AngloGold chairperson warns South Africa on 'reckless' mining rules

By: Bloomberg     20th July 2018 South Africa risks driving away new investment and crippling its mining sector if “reckless” new rules are implemented, according to AngloGold Ashanti chairperson Sipho Pityana. The latest Mining Charter, which is aimed at sharing the benefits of the country’s mineral wealth more equally among... 

AngloGold chairperson warns South Africa on 'reckless' mining rules
Photo by Creamer Media
AngloGold chairperson Sipho Pityana

LME to launch monthly 'implied pricing' to attract funds

By: Reuters     17th July 2018 The London Metal Exchange (LME) will launch a new set of synthetic monthly prices to make it easier for investors and funds to invest in base metals as the LME battles competition from other exchanges such as those operated by CME Group Inc.. The world's oldest and largest market for industrial... 

New mining fund raising R750m to co-finance ancillary mine projects 

By: Martin Creamer     16th July 2018 In an economic environment of tight capital allocation and bank pull back from mining finance, the new tax-incentivised CCP 12J Mining Fund is going all out to raise R750-million for co-investment in ancillary project opportunities on existing mine sites. On the list of targeted project... 

New mining fund raising R750m to co-finance ancillary mine projects
CCP 12J MD Paul Miller talks to Mining Weekly Online’s Martin Creamer on new tax incentives to boost mining investment. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

Orion on track for completing Prieska BFS

By: Anine Kilian     16th July 2018 JSE-listed Orion Minerals is on track to complete its bankable feasibility study into the Prieska zinc/copper project, in the Northern Cape, by the end of the year. The company on Monday reported positive assay results from a further 13 drilled intersections at the project. 

Symbol secures offtake and financing for Macy

By: Esmarie Swanepoel     16th July 2018 ASX-listed Symbol Mining has inked an offtake and marketing agreement with Noble Resources international for its Macy zinc project, in Nigeria. The offtake and marketing agreement also secured the final funding requirements for the development of the Macy project, with a short-term $3-million... 

SSR Mining reports mixed bag in June quarter

By: Esmarie Swanepoel     13th July 2018 TSX- and New York-listed metals producer SSR Mining Inc has reported a mixed bag from its three operating mines during the three months to June Gold production from the Marigold operation increased by more than 15% during the quarter, to 49 436 oz, compared with the 42 960 oz delivered in the... 

New Century sets August start date

By: Esmarie Swanepoel     12th July 2018 The Century zinc mine, in Queensland, is on track to start production in August this year, ASX-listed New Century Resources said on Thursday. The company has completed the commissioning of the slurry concentrate pipeline, which is now filled and ready to receive first concentrate. 

Copper slides to 1-year low, zinc sinks in broad selloff

By: Reuters     11th July 2018 Copper prices slumped to their weakest level in a year and zinc fell to 13-month lows amid a broad selloff on Wednesday after the Trump administration said it would slap 10 percent tariffs on an extra $200-billion worth of Chinese imports. US President Donald Trump’s latest tariff threat... 

CITIC Metal gets internal green light to buy 19.5% stake in Ivanhoe

By: Marleny Arnoldi     9th July 2018 China State-owned investment company CITIC’s subsidiary CITIC Metal has completed its confirmatory due diligence and has received the necessary internal approvals to complete the long-term, strategic cooperation and investment agreement with TSX-listed Ivanhoe Mines.  

ICMM welcomes two South American miners

By: Jessica Oosthuizen     6th July 2018 Two South American mining companies, Minera San Cristóbal and Minsur, have joined the International Council on Mining and Metals (ICMM). ICMM CEO Tom Butler notes that both companies have earned their membership of ICMM by complying with the council’s “rigorous” admission procedure, adding that... 

ICMM welcomes two South American miners
TOM BUTLER Both Minera San Cristóbal and Minsur have shown real leadership in their environmental and social performance and have valuable experience to share

Vedanta starts commissioning activities at Gamsberg

By: Simone Liedtke     5th July 2018 Diversified mining company Vedanta Resources’ subsidiary Vedanta Zinc International (VZI) has started commissioning activities at its Gamsberg project, a greenfield mining project in the Northern Cape. Waste pre-stripping was completed by the end of June and ore production has started. 

Analysts spring to Glencore’s defence as miner restores confidence with buyback scheme

By: Martin Creamer     5th July 2018 Research analysts have sprung to the defence of Glencore, which has rapidly restored confidence by announcing an immediate share buyback programme that communicates the formidable faith of management in the London- and Johannesburg-listed diversified mining and marketing company. In a note... 

Analysts spring to Glencore’s defence as miner restores confidence with buyback scheme
Photo by Creamer Media
Glencore CEO Ivan Glasenberg

Drilling resumes at Oldcastle zinc project in Ireland

By: Creamer Media Reporter      4th July 2018 A new drill programme at the Oldcastle zinc project, in Cavan and Meath, Ireland, has been launched, with about 1 800 m of drilling planned, gold and zinc explorer Connemara reported on Wednesday. The Oldcastle project is a joint venture between Connemara and Teck Resources subsidiary Teck... 

Construction of Jubilee’s Kabwe zinc recovery circuit under way

By: Marleny Arnoldi     2nd July 2018 Johannesburg- and London-listed Jubilee Metals said on Monday that construction of the zinc recovery circuit at its Kabwe project, in Zambia, was under way, while development work around testing of the lead and vanadium circuit design parameters continued. “Our process development teams have... 

Orion issues shares to its BEE partner

By: Marleny Arnoldi     29th June 2018 ASX- and JSE-listed Orion Minerals has issued additional shares to its South African black economic empowerment (BEE) partner to the value of $250 000.  

Sierra Metals plans 66% production expansion at Peru mine

By: Mariaan Webb     29th June 2018 Toronto-based Sierra Metals has delivered a preliminary economic assessment (PEA) for a 66% production expansion at its Yauricocha base and precious metals mine, in Peru. The production expansion will expand the Yauricocha mine through stages from its current 3 000 t/d to 3 600 t/d in the first... 

Orion accelerating on all fronts, looking to upscale production

By: Martin Creamer     25th June 2018 ASX- and JSE-listed Orion Minerals has raised an additional A$11-million through a share placement so that it can accelerate on all fronts. This equity capital raising funds the company beyond the bankable feasibility study (BFS) to progress its Prieska zinc/copper project, in South Africa's... 

Orion accelerating on all fronts, looking to upscale production
Photo by Creamer Media
Orion Minerals CEO Errol Smart

Minerals Council said to plan free-carry challenge

By: Bloomberg     25th June 2018 South Africa’s main mining lobby group told analysts and mining companies that it would probably challenge a final draft of the government’s new Mining Charter if two key points of dispute aren’t removed, according to two people familiar with the matter. The Minerals Council South Africa, which... 

Minerals Council said to plan free-carry challenge
Photo by Dylan Slater
Mineral Resources Minister Gwede Mantashe

Bunker Hill initiates technical report; plans TSX listing

By: Creamer Media Reporter      21st June 2018 Bunker Hill Mining Corporation, which is gearing up to reopen the historic Bunker Hill mine in Idaho’s Coeur D'Alene zinc, lead and silver mining district, has started work on a technical report, which it will use to apply for a listing on the TSX. The NI 43-101 technical report on the Bunker... 

Cobalt explorers see Congo mine law offset by price, high grades

By: Bloomberg     21st June 2018 Junior miners exploring for cobalt in the Democratic Republic of Congo (DRC) reckon increased prices and the country’s high-grade deposits will offset the added costs of new legislation larger companies have opposed. Congo, the world’s largest source of the metal, this month began implementing an... 

Erris starts brownfield exploration near historic Ireland mine

By: Mariaan Webb     21st June 2018 Mineral exploration company Erris Resources has started a surface diamond drilling programme 300 m south of the old Abbeytown zinc mine in Sligo, Ireland. The surface drilling will test for potential extensions of zinc/lead/silver/copper mineralisation extending south from the old workings at... 

Europa Metals starts Toral scoping study

By: Creamer Media Reporter      19th June 2018 Explorer Europa Metals has appointed UK-based Addison Mining Services to conduct an initial scoping study on the Toral lead, zinc and silver project, in Leon, Spain. Addison previously compiled the Toral project's mineral resource estimate, which states that the project has a metal content of... 

Group Eleven says Stonepark open towards Glencore’s Pallas Green

By: Mariaan Webb     18th June 2018 The Stonepark zinc deposit in Ireland, which TSX-V-listed Group Eleven owns with Aim-listed Connemara Mining, is likely open towards the neighbouring Pallas Green deposit of mining major Glencore and results from hole drilled in a key area of the resource have returned high-grade results. Hole... 

Group Eleven says Stonepark open towards Glencore’s Pallas Green

Nevsun extends Bisha mine life to 2022

By: Creamer Media Reporter      14th June 2018 TSX-listed Nevsun has approved an openpit extension of the Bisha mine in Eritrea, which will add 3.3-million tonnes of ore to the mill, delivering about 470-million pounds of zinc and 52-million pounds of copper. The extension will allow operations to continue to 2022 and gives Nevsun time to... 

Weatherly increases Carn ownership to 90%

By: Marleny Arnoldi     13th June 2018 Aim-listed copper miner Weatherly International has received regulatory approval from the Namibian Competition Commission for its acquisition of a further 65% interest in China Africa Resources Namibia (Carn) from Hong Kong East China Non-Ferrous Mineral Resources.  

Canadian junior opens Empire State zinc mine

By: Mariaan Webb     13th June 2018 Canadian zinc junior Titan Mining on Tuesday officially reopened the historic Empire State zinc mine, in the US, at a ceremony attended by company director George Pataki, who is the former Governor of the New York state. The mine, which has more than 100 years of previous operating history, was... 

Canadian junior opens Empire State zinc mine
George Pataki (former Governor of New York state and Titan director), Austin Juillet (miner trainee), Keith Boyle (Titan COO), Judge Eugene Nicandri (NYPA board of trustees vice chairman), Gil Quiniones (NYPA president and CEO), Darrel Johnson (miner trainer), Alex Arbogast (miner trainee).

South Africa’s ‘Samcodes way’ a world-beater – Mullins

By: Martin Creamer     12th June 2018 South Africa has succeeded in creating a meticulous set of mineral reporting codes that continue to gain international recognition. The South African Mineral Reporting Codes (Samcodes), which protect investors, are currently so highly regarded that in October South Africa will host a large... 

South Africa’s ‘Samcodes way’ a world-beater – Mullins
Photo by Dylan Slater
Samcodes standards committee chairperson Matt Mullins (left) and Mining Weekly Online's Martin Creamer

BMR sells Jubilee shares to repay creditor

By: Marleny Arnoldi     11th June 2018 Aim- and JSE-listed Jubilee Metals has completed a placing of existing shares held by Aim-listed lead and zinc mine developer BMR Group to institutional shareholders.  

Beneficiation opportunities in zinc, fuel cells – Oliphant

By: Martin Creamer     11th June 2018 Deputy Minerals Minister Godfrey Oliphant is engaging with companies on local value-addition opportunities in zinc and platinum-catalysed fuel cells, and would like mining companies to make these and other locally mined commodities available at developmental prices to facilitate... 

Beneficiation opportunities in zinc, fuel cells – Oliphant
Photo by Wynand van der Merwe
Deputy Mineral Resources Minister Godfrey Oliphant (right) with Mining Weekly Online's Martin Creamer

Murchison Minerals expands prospective area in Canada

By: Marleny Arnoldi     8th June 2018 TSX-listed zinc/copper/silver miner Murchison Minerals has acquired more ground near its Brabant-McKenzie property, in Saskatchewan, Canada, by staking and is planning additional ground geophysics at the property.  

Hannan Metals to raise C$1m for Irish project

By: Marleny Arnoldi     8th June 2018 TSX-listed base metals miner Hannan Metals will raise about C$1-million through a nonbrokered private placement of up to 6.7-million units of the company at a price of C$0.15 apiece.  

Callinex files technical report for updated resource estimate at the Nash Creek project

By: Anine Kilian     8th June 2018 Canadian zinc miner Callinex has filed an updated technical report for its 100% owned Nash Creek project, in New Brunswick, outlining a major increase in contained zinc, lead and silver mineralisation within indicated and inferred categories. A 2018 maiden preliminary economic assessment (PEA) on... 

BlueBird to acquire Oberon Gold to expand Australia portfolio

By: Marleny Arnoldi     7th June 2018 TSX-listed BlueBird Battery Metals has entered into a binding letter of intent to acquire 100% of Australian exploration company Oberon Gold from Providence Gold and Minerals.  

No let up on calls for flow-through model to boost exploration

By: Martin Creamer     7th June 2018 The failure to raise risk capital for greenfields exploration in South Africa was highlighted at this week’s Junior Indaba, where there was no let up on calls for the adoption of a proven Canada-type flow-through share scheme, and ongoing criticism of the unintended consequences of South Africa’s... 

No let up on calls for flow-through model to boost exploration
Photo by Wynand van der Merwe
JSE business development manager Patrycja Kula-Verster

Rio Tinto inks exploration agreement with China's Minmetals

By: Reuters     7th June 2018 Global miner Rio Tinto inked a joint venture agreement with China Minmetals Corp on Thursday, as the companies look to explore mineral deposits in China. The 50:50 joint venture with State-owned Minmetals follows a technical agreement signed in November when both parties committed to a... 

Rio Tinto inks exploration agreement with China's Minmetals
Photo by Bloomberg
Rio Tinto CEO Jean-Sebastien Jacques

Plan for mining community development levy scrapped

By: Bloomberg     6th June 2018 South Africa’s government has scrapped plans to compel mining companies to contribute 1% of their annual turnover to a new community development agency because it feared the funds could be abused, the nation’s mining minister said. The levy was proposed in a draft of the nation’s new Mining... 

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