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Zinc News

Short spell of mining hope dashed – Lorimer

By: Martin Creamer     16th May 2018 The short spell of hope for South Africa’s beleaguered mining sector, which burst forth with the election of Cyril Ramaphosa as President, has been dashed, Shadow Mineral Resources Minister James Lorimer said during the mineral resources budget debate. Applying the ‘learning nothing and... 

Maiden resource estimate for Asiamet's BKZ

By: Creamer Media Reporter      16th May 2018 London-listed Asiamet Resources believes that its BKZ polymetallic deposit has the potential to be the company’s second mine in the BK district of Kalimantan, Indonesia, the firm said on Wednesday, announcing an initial resource estimate for the project. The resource estimate for BKZ, which is... 

Rising earnings to mark Americas Silver’s next 3 quarters as silver optionality beckons

By: Henry Lazenby     15th May 2018 Diversified Canadian miner Americas Silver is looking towards growing profit over the next three quarters as lower costs and rising grades at key operations provide it with runway potential to reward investors. “Our job as management is to figure out how to make money at these low silver prices.... 

Callinex jumps 35% on viable combined Nash Creek, Superjack PEA

By: Henry Lazenby     15th May 2018 Base metals-focused Callinex Mines has made public the results of a preliminary economic assessment (PEA) examining the production of zinc from the combined 100%-owned Nash Creek and Superjack projects, located in New Brunswick’s prolific Bathurst Mining District, in Maritime Canada. The PEA... 

Galileo hits 15.4% zinc mineralisation at Zambia project

By: Marleny Arnoldi     14th May 2018 Aim-listed Galileo Resources on Monday announced drilling results for its final eight drill holes – as part of a 26-hole diamond drilling programme – at the Star Zinc project, in Zambia, in which the company has an 85% interest.  

Trevali revenues rise 187%, Q1 earnings miss on Perkoa freight timing

By: Henry Lazenby     11th May 2018 Pureplay zinc producer Trevali Mining has reported adjusted earnings a share of $0.04, missing average analyst earnings forecasts by a penny, on lower-than-expected sales from the Perkoa mine, in Burkina Faso, mainly owing to freight timing at the Port of Abidjan, in Côte d’Ivoire.... 

Trevali revenues rise 187%, Q1 earnings miss on Perkoa freight timing
Photo by Trevali Mining
The Santander mine, Peru

Louis Dreyfus completes $466m sale of metals unit to Chinese fund

By: Reuters     11th May 2018 Louis Dreyfus Company said on Friday it had completed the sale of its metals business to a Chinese investment fund for $466-million, as part of a push to revive profits by focusing on its core agricultural markets. Louis Dreyfus announced in December an agreement to sell LDC Metals to NCCL... 

Gold industry running risk of becoming irrelevant – Bristow

By: Martin Creamer     10th May 2018 The gold mining industry is running the risk of becoming irrelevant to the investment community. “It hasn’t delivered much value for a long time,” Randgold Resources CEO Dr Mark Bristow commented to Mining Weekly Online during an interview to mark the company’s presentation of first-quarter... 

Gold industry running risk of becoming irrelevant – Bristow
Photo by Creamer Media
Randgold Resources CEO Dr Mark Bristow

Agarwal encouraging Anglo to accentuate South Africa link

By: Martin Creamer     9th May 2018 Indian mining billionaire Anil Agarwal is encouraging Anglo American – in which he now holds more than 21% – to accentuate its link with South Africa, where the Vedanta Resources company he founded and chairs is successfully turning to highly positive account the zinc assets that Anglo walked... 

Agarwal encouraging Anglo to accentuate South Africa link
Photo by Dylan Slater
Anil Agarwal (right) and Martin Creamer

Metalicity appoints CEO for spin-off

By: Esmarie Swanepoel     9th May 2018 ASX-listed Metalicity has appointed Ton Panoulias as president and CEO of subsidiary Kimberley Mining, to lead the company through its initial public offering (IPO) on the TSX-V in the September quarter of this year. Metalicity in March announced plans to list its Admiral Bay zinc project, in... 

Seabridge closes C$19.7m KSM flow-through financing

By: Henry Lazenby     8th May 2018 TSX- and NSYE-listed project developer Seabridge Gold has closed a C$19.7-million private placement of flow-through shares for exploration this year at its KSM gold/copper project, located 65 km northwest of Stewart, British Columbia. The company has issued 1.15-million flow-through shares,... 

Goldman Sachs maintains buy rating on Glencore

By: Marleny Arnoldi     4th May 2018 Diversified miner Glencore’s strong production growth has prompted investment banking and management firm Goldman Sachs to maintain its buy rating on Glencore.  

Benchmark zinc treatment charges down 15% in 2018 – Nyrstar

By: Reuters     3rd May 2018 The zinc industry has agreed a 15% drop in annual zinc processing fees, the miner and metals smelter Nyrstar said on Thursday, as supply in the tight market dwindled. The company, listed in Belgium, said in a statement treatment charges for the galvanising metal for 2018 fell to $147/t from... 

Glencore Q1 global production in line with full-year guidance

By: Marleny Arnoldi     3rd May 2018 Diversified miner Glencore on Thursday reported that its production for the first quarter was largely in line with expectations across all commodity groups and that its full-year guidance remains unchanged.  

Hudbay posts wider profit

By: Henry Lazenby     3rd May 2018 Base metals producer Hudbay Minerals has reported a strong 314% improvement in first-quarter net profit to $41.4-million, or $0.16 a share, which came in below average analyst estimates of $0.18 a share. Revenues for the period grew nearly 50% to $386.66-billion, the Toronto-based company... 

Alba Minerals raises £800 000, exploration progressing well

By: Marleny Arnoldi     2nd May 2018 Resource company Alba Minerals has raised £800 000 through the issue of about 266-million shares at 0.3p a share on the Aim.  

Feasibility into zinc smelting, refining in Northern Cape

By: Martin Creamer     2nd May 2018 A feasibility study into the development and construction of a zinc smelter-refinery complex in the Northern Cape is under way, London-listed India-based Vedanta subsidiary Vedanta Zinc International (VZI) said on Wednesday. This is the latest step in the unfolding of what is envisaged as a major... 

Feasibility into zinc smelting, refining in Northern Cape
Photo by Creamer Media
Zinc project at Gamsberg, Northern Cape.

Jubilee executes Kabwe project agreements

By: Natasha Odendaal     2nd May 2018 Following the reinstatement of the small-scale mining licence for the Kabwe lead/zinc/vanadium project, in Zambia, AltX- and Aim-listed Jubilee Metals has executed its shareholders' agreement and its operating agreement with Aim-listed BMR Group to start the joint execution of the project.... 

Captive Canadian miners decry minister’s move on Bill C-49

By: Henry Lazenby     30th April 2018 Canadian miners are voicing frustration and concern over the federal government’s removal of a Senate amendment relating to final offer arbitration (FOA), and with its modification of an amendment giving the Canada Transportation Agency own-motion power, in Bill C-49 – legislation that amends the... 

New Century raises A$40m for mine restart

By: Esmarie Swanepoel     30th April 2018 Zinc developer New Century Resources was hoping to raise A$40-million through an institutional share placement to fund the restart of the Century mine, in Queensland. Century will place some 36.3-million new shares, priced at A$1.15 each, to institutional investors. The offer price was a 9.1%... 

Consolidated Zinc increases Mexican resource

By: Esmarie Swanepoel     30th April 2018 ASX-listed Consolidated Zinc has reported a 32% increase in the resource estimate at its Tres Amigos project, in northern Mexico. The project is now estimated to contain some 1.17-million tonnes, grading 16.1% zinc and lead for 189 700 t of contained metal. 

Weatherly’s shares fall as it appoints more financial advisers to review possible sale

By: Marleny Arnoldi     26th April 2018 Aim-listed copper miner Weatherly International’s share price on the LSE fell by nearly 70% on Thursday after it announced the appointment of additional financial advisers to review strategic alternatives for the company, including its potential sale.  

N American oil & gas, mining sectors released a third of total 2013 pollution – report

By: Henry Lazenby     25th April 2018 A new report that fine-combed the national pollutant release and transfer registers (PRTRs) of Canada, the US and Mexico to explore pollutant data reported by industrial facilities, has pointed to the critical need to standardise the way information is collected across the three jurisdictions,... 

N American oil & gas, mining sectors released a third of total 2013 pollution – report

Teck profit rises on strong copper, zinc price and volume gains

By: Henry Lazenby     24th April 2018 Higher copper and zinc prices and improved copper sales volumes that were driven by higher output, have contributed to lift Canada’s largest diversified miner’s first-quarter profit by 15%, the company announced on Tuesday. Adjusted profit attributable to shareholders, which typically excludes... 

Moody's changes outlook on Glencore's ratings to positive from stable

By: Nadine James     24th April 2018 Moody's Investors Service has assigned Glencore a ‘Baa2’ long-term issuer rating with a positive outlook. Moody’s says Glencore's improved credit profile was driven by higher commodity prices and consistently low production costs.  

Ferrum Crescent appoints Spanish consultancy at Toral

By: Creamer Media Reporter      23rd April 2018 European explorer Ferrum Crescent has engaged the services of Spanish consultancy Mining Sense to complement the existing operational team at the Toral lead/zinc/silver project. Led by Mining Sense technical director Jesús Montero, the consultancy team will assist with the preperation of... 

Century inks another offtake at zinc mine

By: Esmarie Swanepoel     23rd April 2018 Base metals developer New Century Resources has inked a long-term zinc offtake agreement at its Century zinc mine, in Queensland. The company on Monday said that the offtake agreement signed with commodity trader MRI Trading also included a $15-million unsecured debt facility, which will be used... 

Positive growth for African copper industry expected

By: Victor Moolman     20th April 2018 Market research firm BMI Research (BMI), a member of the Fitch Group, predicts positive production growth for the copper mining industry and in copper mine project development across Africa in its copper market research report ‘Global Industry Overview’, released last month. BMI commodities... 

Positive growth for African copper industry expected
Photo by Creamer Media
COPPER POTENTIAL The Prieska zinc-copper project in South Africa shows continued growth

Latin America the leading region in new global wave of exploration

By: Rebecca Campbell     20th April 2018 Worldwide, the mining industry has been recovering from the slump that started in 2012. “After a challenging 2013/14 when the prices of commodities plummeted across the board, 2016 and 2017 have seen resurging prices of aluminium, copper, zinc, nickel, lead, palladium, and more modestly in gold,”... 

Latin America the leading region in new global wave of exploration

Aura targets Sweden battery project listing in H2

By: Mariaan Webb     19th April 2018 Plans are advancing for the separate listing of explorer Aura Energy’s Häggån polymetallic project, in Sweden, with completion targeted for the second half of the year. The company would initially maintain an ownership of 70% to 80% in the vanadium initial public offering (IPO) spin-off, but... 

Aura targets Sweden battery project listing in H2
Drilling at the Haggan deposit, in Sweden.

Altus raises C$4.11m in private placement

By: Creamer Media Reporter      18th April 2018 Aim-listed Altus Strategies has raised about C$4.11-million by way of a nonbrokered private placement of 27.39-million units at C$0.15 each. Each unit is comprised of one ordinary share and one ordinary share purchase warrant that may be used to buy one ordinary Altus share at C$0.30 for five... 

Orion appoints mining engineer as nonexecutive director

By: Creamer Media Reporter      18th April 2018 ASX- and JSE-listed Orion Minerals, which is developing the Prieska base metals project in South Africa’s Northern Cape, has appointed Michael Hulmes as nonexecutive director. Hulmes is a mining engineer with over 30 years’ senior executive, management 

Callinex lifts Nash Creek resources in New Brunswick’s Bathurst Camp

By: Henry Lazenby     17th April 2018 Base metals-focused Callinex Mines has reported a substantial resource increase at the near-surface Nash Creek deposit, in New Brunswick’s Bathurst Mining Camp. The Canadian National Instrument 43-101-compliant indicated resource rose 74% over prior estimates to 963-million pounds of zinc... 

Maiden resource announced at Connemara’s Stonepark JV

By: Creamer Media Reporter      17th April 2018 Irish gold and zinc explorer Connemara Mining has announced a maiden inferred resource estimate at its Stonepark zinc project, in Limerick. The joint venture (JV) project between Group Eleven (76.56%) and Connemara (23.44%) has a mineral resource estimate of 5.3-million tonnes, grading 11.15%... 

First ‘Resources for Future Generations’ conference to be held in Vancouver

By: Henry Lazenby     13th April 2018 The Resources for Future Generations conference (RFG2018) is scheduled to make its debut on the Canadian resource conference circuit between June 16 and 21, in Vancouver, and is shaping up to be an event unlike the myriad of competing forums held in Canada throughout the year. RFG2018 chairperson... 

First ‘Resources for Future Generations’ conference to be held in Vancouver
Photo by Resources for Future Generations Conference
RFG2018 chairperson John Thompson

Trevali Q1 output a mixed bag but in line with expectations

By: Henry Lazenby     13th April 2018 Zinc-focused miner Trevali Mining has reported first-quarter production that was generally in line with expectations as previous guidance had indicated a light quarter relative to the rest of the year, owing to the impact of seasonal winter conditions on Caribou’s zinc recoveries, in New... 

Good start to 2018 puts CAML on track to meet guidance

By: Mariaan Webb     12th April 2018 UK-based Central Asia Metals (CAML), which bought the Sasa zinc/lead mine in Macedonia last year, has had a good start to 2018, despite cold weather conditions at its Kounrad mine, in Kazakhstan. The Kounrad mine produced 3 070 t of copper in the first quarter, compared with 3 357 t in the same... 

Good start to 2018 puts CAML on track to meet guidance
The Sasa mine in Macedonia

Galileo to raise £550 000 for Zambia drilling programme

By: Anine Kilian     12th April 2018 Aim-listed Galileo Resources will raise £550 000 through a share placement to fund a further drilling programme at its Zambia-based Star Zinc project. The 50-million new shares, which will be priced at 0.1p each, have been placed through the company’s broker Novum Securities.  

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