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Zinc News

Bunker Hill lease terminated

By: Creamer Media Reporter      15th October 2018 Toronto-headquartered Bunker Hill Mining on Monday confirmed that the lease with option to purchase agreement for the Bunker Hill mine had been terminated, owing to a missed property payment. The CSE-listed company warned earlier this month that it was in default of its lease agreement with... 

Galileo hits high zinc mineralisation in Phase 2 drilling programme

By: Marleny Arnoldi     15th October 2018 Aim-listed Galileo Resources has completed its Phase 2 diamond drilling programme and reported positive assay results so far for the first eight holes analysed, at its 80.75%-owned Star Zinc project, in Zambia. Phase 2 comprised 24 holes totalling about 1 000 m to depths, from surface, of... 

Orion expects updated Prieska resource estimate by mid-December, BFS by Q2 2019

By: Marleny Arnoldi     15th October 2018 ASX- and JSE-listed Orion Minerals will publish an updated resource estimate for its Prieska zinc/copper project, in the Areachap Belt in South Africa’s Northern Cape province, in mid-December, which will underpin a bankable feasibility study (BFS) that is set for completion in the second quarter... 

Mining Indaba intensely focused on driving capital into African mining 

By: Martin Creamer     11th October 2018 An investment pavilion will be introduced at the upcoming Investing in African Mining Indaba to drive capital into African mining with even greater intensity, MD Alex Grose said on Thursday. Speaking to Mining Weekly Online during a media roundtable, Grose also revealed that more time would be... 

Mining Indaba intensely focused on driving capital into African mining
Investing in African Mining Indaba MD Alex Grose spoke to Mining Weekly Online’s Martin Creamer about the upcoming event. Video, Video Editing and Photographs: Darlene Creamer

Plea for govt to awaken to massive economic potential of mining  

By: Martin Creamer     10th October 2018 A plea for the government to awaken to the massive real potential of the South African mining sector was made on Wednesday by Eunomix CEO Claude Baissac, who decried the disincentivising of South African mining over the past 20 years as an inexplicable paradox and a massive mineral policy... 

Plea for govt to awaken to massive economic potential of mining
Eunomix CEO Claude Baissac talks to Mining Weekly Online’s Martin Creamer on South Africa’s massive mining opportunity loss. Video, Video Editing and Photographs: Christo Greyling.

Titan appoints former Arizona directors to its board

By: Mariaan Webb     10th October 2018 Zinc miner Titan Mining has appointed three new board members, all of whom served on the board of Arizona Mining, which was taken over by South32 in a $1.3bn deal. The TSX-listed company, which owns the Empire State Mine (ESM) in New York state, appointed former speaker John Boehner, former... 

Coeur maintains guidance despite lower Q3 output

By: Mariaan Webb     10th October 2018 NYSE-listed miner Coeur Mining has maintained its production guidance for the year, despite reporting lower third-quarter production results, at 8.5-million ounces of silver equivalent. The company, which owns mines in Mexico, the US and Canada, produced 2.9-million ounces of silver, 88 833 oz... 

Coeur maintains guidance despite lower Q3 output
Palmajero in Mexico

Is the reign of Glencore’s billionaire copper king near its end?

By: Bloomberg     9th October 2018 Aristotelis Mistakidis is one of the world’s most powerful commodity traders. For nearly 20 years, the brash, hyperactive Greek known to everyone simply as “Telis” has ruled over the global copper market, buying and selling enough of the red metal to supply every factory in the US twice over.... 

Chinese delegation to witness proudly South African logging system 

By: Martin Creamer     8th October 2018 The high-ranking delegation from China, which is due to arrive in South Africa next Monday to undertake a three-week study of South Africa’s globally recognised mineral reporting codes, will be given insight during their visit into a South African borehole logging system that is poised to go... 

Chinese delegation to witness proudly South African logging system
Samcodes Standards Committee chairperson Matt Mullins interviewed by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

Weatherly restarts process to review strategic options

By: Creamer Media Reporter      8th October 2018 Namibian base metals miner Weatherly International has restarted the process of reviewing its strategic options, including the possible sale of some of its subsidiaries or assets. The process will be led by Numis Securities and Treadstone Resource Partners. 

Hudbay Minerals responds to rumours of Chile deal

By: Mariaan Webb     5th October 2018 Canadian miner Hudbay Minerals has responded to speculation about the potential acquisition of Chilean miner Mantos Copper, stating that although it usually avoids comment on market rumours, the company’s strategy does include potential growth opportunities, such as acquisitions. Hudbay, which... 

Hudbay Minerals responds to rumours of Chile deal
Mantos Copper owns mines in Chile.

CAML on track to meet FY target

By: Creamer Media Reporter      4th October 2018 Aim-listed Central Asia Metals (CAML) has had a good third quarter and is on track to meet its production guidance for the year, the miner reported on Thursday. In the third quarter, the base metals firm produced 3 938 t of copper from its Kounrad operation, in Kazakhstan, and 5 472 t of copper... 

Macro disquiet drowns out signs of base metals shortages

By: Reuters     4th October 2018 Uncertainty about how metals demand will be hit by trade wars, rising US interest rates and a slowdown in China is weighing on industrial metals prices, submerging signals pointing to potential shortages. The index of copper and five other top industrial metals traded on the London Metal Exchange... 

Empire State mine contractor dies

By: Creamer Media Reporter      3rd October 2018 An employee of a contractor working at the Empire State mine, in New York state, died on Tuesday afternoon, TSX-listed Titan Mining said and announced that all mining activities had been suspended. The company said it was working with authorities to determine the cause of the accident that... 

Bunker Hill Mining in default of lease agreement

By: Creamer Media Reporter      3rd October 2018 Junior firm Bunker Hill Mining confirmed on Tuesday that it was in default of its lease with option to purchase agreement with Placer Mining, after it missed payments totalling $400 000. The option is to acquire 100% of the Bunker Hill mine, which once was the largest producing mine in the Coeur... 

Chinese delegation to study South Africa’s mineral codes

By: Martin Creamer     2nd October 2018 South Africa’s meticulous set of mineral reporting codes has succeeded in attracting a high-ranking Chinese delegation from the Mineral Resources and Reserves Evaluation Centre of the Ministry of Land and Natural Resources (MRREC) in Beijing. South Africa’s Samcodes Standards Committee (SSC) will... 

Chinese delegation to study South Africa’s mineral codes
Photo by Creamer Media
Samcodes Standards Committee chairperson Matt Mullins

Lundin names new CFO as Inkster formally assumes CEO role

By: Mariaan Webb     1st October 2018 Canadian base metals miner Lundin has promoted VP of finance, Jinhee Magie, to the position of senior VP and CFO, succeeding Marie Inkster, who on Monday formally took over from Paul Conibear as president and CEO. Conibear, who announced his retirement in July, will continue as an adviser until... 

Fitch Solutions revises zinc price forecast for 2018 downwards

By: Tasneem Bulbulia     28th September 2018 Fitch Solutions Macro Research has revised its forecast zinc price for this year down to an average $3 000/t, compared with the previously expected $3 100/t, after the zinc price fell by more than expected in the third quarter. The decrease in the zinc price is attributable to the escalating... 

Constantine updates Palmer resource to indicated category at 11% zinc

By: Marleny Arnoldi     28th September 2018 TSX-listed Constantine Metal Resources (CMR) has updated its mineral resource estimate for the Palmer copper/zinc/gold/silver deposit, in Alaska, to an indicated resource of 4.6-million tonnes, grading 11.67% zinc equivalent and 3.84% copper equivalent. This mineral resource update represents... 

Digitalisation at Gamsberg project takes centre stage

By: Paige Müller     28th September 2018 Digitalisation in the mining industry is not something for the future – it is immediate, and is, or should be, the here-and-now of all the work mining companies do as an industry, says global diversified miner Vedanta’s Africa Base Metals CEO Deshnee Naidoo. “Digitalisation is not a threat to... 

Digitalisation at Gamsberg project takes centre stage
DESHNEE NAIDOO Vedanta Zinc International CEO Deshnee Naidoo will speak about the digitalisation of mining and mine operations at this year’s Joburg Indaba

Zinc explorer Erris Resources shines

By: Mariaan Webb     27th September 2018 Europe-focused exploration company Erris Resources received a share price boost on Thursday, after the company published its interim results, highlighting the high-grade mineralisation of its Abbeytown zinc project, in Ireland, and its strong cash position of €2.59-million at September 26.... 

Illegal blockade temporarily halts Trevali’s Peru mine

By: Creamer Media Reporter      26th September 2018 Operations at the Santander zinc mine, in Peru, have been temporarily halted, owing to an illegal blockade by a group of community members claiming that the company has failed to satisfy its investment obligations. The blockade had stopped the delivery of scheduled supplies to the mine,... 

Heron marks Woodlawn milestone

By: Creamer Media Reporter      25th September 2018 Base metals firm Heron Resources on Tuesday reported a significant milestone in the project development schedule of the Woodlawn zinc/copper project, in New South Wales, announcing that Pybar Mining has started underground activities. The company has a four-year underground mining contract with... 

Ramaphosa moves to revitalise mining, create certainty

By: Martin Creamer     21st September 2018 It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan... 

Ramaphosa moves to revitalise mining, create certainty
President Cyril Ramaphosa

Consolidated Zinc ships first ore from Plomosas

By: Creamer Media Reporter      20th September 2018 The first shipment of ore has left the Plomosas zinc/lead/silver project for processing at Grupo Mexico’s Santa Eulalia plant, ASX-listed Consolidated Zinc reported on Thursday. The company said it would deliver about 100 t/d to the concentrator for the rest of the month, where after it would... 

Trevali refinances credit facility

By: Creamer Media Reporter      19th September 2018 Zinc miner Trevali has refinanced its credit facility and managed to secure an improved pricing, which should save the miner up to $5-million over a four-year term, it announced on Wednesday. Trevali entered into an amended and restated credit agreement with a syndicate of lenders for a... 

Activities restart at New Century’s port facility

By: Creamer Media Reporter      19th September 2018 Queensland miner New Century Resources has started stockpiling zinc concentrate in its 80 000 t storage shed at the Karumba port, paving the way for exports to start and first revenue to be received this month. “The successful refurbishment and restart of activities at New Century’s port... 

Struggling Aldridge agrees to be bought by Virtus Mining

By: Mariaan Webb     19th September 2018 Troubled Turkey-focused junior Aldridge Minerals has agreed to be bought by Virtus Mining – a development-stage mining company in which Aldridge director Ahmet Taçyildiz will indirectly hold 70%. Virtus will acquire all the issued and outstanding common shares of Aldridge for C$0.10 in cash,... 

UK tax authority confirms Erris Resources EIS status

By: Marleny Arnoldi     18th September 2018 Aim-listed Erris Resources’ enterprise investment scheme (EIS) status has been confirmed by the UK tax authority. The EIS is a series of UK tax reliefs launched in 1994 in succession to the business expansion scheme. It is designed to encourage investments in small unquoted companies carrying on... 

Orion nears drilling completion at Prieska project

By: Marleny Arnoldi     18th September 2018 ASX- and JSE-listed Orion Minerals’ Prieska project drill-out programme is nearing completion, with continued high-grade results being returned at the deep sulphide target. The company has drilled more than 83 000 m since May 2017, across 94 intersections, including 15 intersections drilled for... 

Metminco plans acquisition and funding announcement

By: Creamer Media Reporter      17th September 2018 Australia-headquartered Metminco requested a voluntary suspension from the ASX on Monday, pending an announcement about a proposed capital raising and acquisition. The company, which requested a trading halt last week, said that an announcement would be made on Tuesday. 

Nexa says to invest $1.17bn in Peru, Brazil in five years

By: Reuters     17th September 2018 Brazilian mining company Nexa Resources plans to invest some $1.17-billion in copper and zinc projects in Peru and Brazil over the next five years, the company's general manager Ricardo Porta said on Friday. About $816-million will be invested in Peru, including $555-million in copper projects... 

New Century brings new life to former Queensland mine

By: Mariaan Webb     14th September 2018 Praise is pouring in for New Century Resources’ zinc tailings project at a former mine site north-west of Mount Isa, Queensland, with Mines Minister Anthony Lynham declaring it an “exciting new approach” and Queensland Resources Council CEO Ian Macfarlane labelling the project “ingenious”. The... 

New Century brings new life to former Queensland mine
The New Century zinc mine.

Zambia’s operational investment spikes

By: Paige Müller     14th September 2018 A positive shift in Zambia’s copper and cobalt mining industries has resulted in an increase in much-needed operational investments by major mining houses, says mining, bulk materials handling and minerals processing equipment and systems supplier TAKRAF Africa. TAKRAF Africa regional sales... 

Zambia’s operational   investment spikes
INCREASED DEMAND Tenova TAKRAF Africa has noted an increase in Zambian mining houses expenditure on operational investments

Galileo to acquire Kabwe residual rights, 95% stake in Star zinc project

By: Marleny Arnoldi     13th September 2018 Aim-listed Galileo Resources has executed a heads of agreement to acquire the Kabwe residual rights, in Zambia, from BMR Group. The acquisition excludes BMR’s small-scale licence which is used as a zinc/lead/vanadium tailings recovery project, situated within the Kabwe mining licence.  

Europa initiate land use process for Spain mine development

By: Creamer Media Reporter      13th September 2018 Triple-listed Europa Metals has initiated a change of land use process to facilitate the potential future development of its Toral lead/zinc/silver project, in northern Spain. The company has engaged consultancy MAGMA Soluciones Ambientales to progress the requisite land use applications across... 

Coeur declares commercial production at BC silver/zinc mine

By: Mariaan Webb     5th September 2018 The Silvertip silver/zinc/lead project that Coeur Mining bought less than a year ago, has entered commercial production on September 1, prompting the NYSE-listed company to revise its full-year guidance. Coeur bought the mine, located in northern British Columbia, in October 2017 and started... 

DRDGold shares leap on higher-grade fillip 

By: Martin Creamer     5th September 2018 A 10% increase in gold production provided an important fillip for surface gold mining company DRDGold, which benefitted from high-grade sand material in the 12 months to June 30. The Johannesburg- and New York-listed company, which saw its share price rise by 6.09% in early morning trade,... 

DRDGold shares leap on higher-grade fillip
DRDGold CFO Riaan Davel talks to Mining Weekly Online’s Martin Creamer. Video: Creamer Media’s Nicholas Boyd. Photographs: Creamer Media’s Dylan Slater.
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