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Zinc News

'A good number of investors' considering countries offering better return-on-investment prospects than SA

By: Dylan Slater     17th November 2017 Mining policies imposed by the Department of Mineral Resources (DMR) on local industry are creating increased uncertainty for investors, a growing number of whom are considering investing in mining projects and exploration in other countries, with a greater chance of a healthier return on... 

Orion initiates hitech regional exploration in Northern Cape

By: Martin Creamer     16th November 2017 Sydney- and Johannesburg-listed company Orion Minerals will from November 26 initiate an airborne survey across a large area of South Africa’s Northern Cape as part of a regional exploration programme that will make use of the latest available technology in an area last explored in the 1980s.... 

Orion initiates hitech regional exploration in Northern Cape
A SkyTEM survey operation.

Investor TCI demands UK's LSE answer more questions in board tussle

By: Reuters     16th November 2017 Activist investor TCI has demanded the London Stock Exchange answer a series of questions ahead of a shareholder meeting called by the fund to oust the chairperson over his handling of the planned replacement of its chief executive. Among the questions TCI wants answered by the LSE board before... 

Orion’s shares rise on Prieska metallurgical testwork update, loan facility extension

By: Megan van Wyngaardt     15th November 2017 Dual-listed base metals miner Orion Minerals’s share price on the JSE was trading 6.15% higher on Wednesday after the company announced the positive results from initial metallurgical test work at its Prieska zinc/copper project and the extension of a loan facility. Orion and mining-focused,... 

Glencore is said close to creating mining royalty company

By: Bloomberg     15th November 2017 Glencore is close to finalising a $700-million deal with the Ontario Teachers’ Pension Plan to create a new base-metals royalty company, according to people familiar with the matter. The Swiss commodity giant will bring royalty agreements from about 10 mines, while Ontario Teachers’ will... 

Glencore is said close to creating mining royalty company
Photo by Duane Daws
Glencore CEO Ivan Glasenberg

Trevali stock takes a dip on surprise Q3 loss

By: Henry Lazenby     15th November 2017 Zinc producer Trevali Mining has had a tough day on the TSX, seeing its stock dive as deep as 7.3% during intraday trading after the company reported a net loss of $7.8-million, or $0.01 a share for the three months ended September. The Vancouver-based zinc producer attributed the net loss mainly... 

Winmar withdraws from Spain JV, reduces salaries by 50%

By: Mariaan Webb     14th November 2017 Australia’s Winmar Resources has slashed its staff salaries and directors fees by half to minimise cash outflows until it has secured a new lead project. The announcement on Tuesday comes a day after the company said that it had withdrawn from the Lomero joint venture project with Kimberly... 

Mining technology gets boost from new Wits-Sibanye partnership

By: Martin Creamer     9th November 2017 Mining technology is being given a Fourth Industrial Revolution boost through the new partnership struck between precious metals mining company Sibanye-Stillwater and the Wits Mining Institute. Wits Mining Institute director Professor Fred Cawood outlined in a news release on Thursday that... 

EY's Canadian Mining Eye Index trends positively in Q3

By: Creamer Media Reporter      9th November 2017 The EY Canadian Mining Eye index gained 2% during the third quarter, following a 7% decline in the prior period. The gain was driven by increases across the board in precious and base metals. "As commodity prices continue to increase, appetite for investment in existing projects is expected to... 

Prieska zinc/copper project delivers further positives

By: Creamer Media Reporter      8th November 2017 Dual-listed Orion Minerals on Wednesday reported further positive results from its ongoing drilling programme at the Prieska zinc/copper project, in the Northern Cape. The company said in a drilling update that the assay results received confirm significant zinc and copper mineralisation over the... 

Bristow, Friedland may go head-to-head in on-stage copper-gold debate

By: Martin Creamer     7th November 2017 Dr Mark Bristow of Randgold Resources and Robert Friedland of Ivanhoe Mines may go head-to-head in a live on-stage gold-versus-copper debate at the Investing in African Mining Indaba event at the Cape Town International Convention Centre from February 5 to 8, Mining Indaba MD Alex Grose disclosed... 

Bristow, Friedland may go head-to-head in on-stage copper-gold debate
Photo by Creamer Media
Investing in African Mining Indaba MD Alex Grose (right) and Martin Creamer

Trevali lays strong foundation for future Halfmile-Stratmat project scenarios

By: Henry Lazenby     7th November 2017 A preliminary economic assessment (PEA) on Canadian pure-play zinc producer Trevali Mining's fully owned Halfmile-Stratmat zinc/lead/silver deposits, located in the Bathurst Mining Camp of New Brunswick, has produced strong results for developing either a standalone operation, or leveraging... 

Canadian junior mining sector riding renewed wave of confidence

By: Henry Lazenby     7th November 2017 Despite signs of improved investor confidence in Canada's prolific junior mining sector – mainly driven by rising consumer technology demand for resources – analysts are warning that the market recovery is in a delicate phase and will require discipline to survive until more substantial commodity... 

Canadian junior mining sector riding renewed wave of confidence

Galileo to fast-track exploration at Zambia zinc project

By: Anine Kilian     6th November 2017 Aim-listed Galileo Resources has appointed Africa Technical Consultants to assist with, and provide services for, a fast-track exploration programme at its Star Zinc project, in Zambia. This is the first step in the company's objective to upgrade the project’s current noncompliant resource and to... 

CAML the new owner of Macedonia’s Sasa mine as takeover is completed

By: Creamer Media Reporter      6th November 2017 London-based Central Asia Metals Limited (CAML) is officially the new owner of the Sasa mine in Macedonia, after the company on Monday concluded the acquisition of Lynx Resources and was readmitted to trading on Aim. The $402.5-million acquisition has diversified CAML’s base metal production... 

Orion issues first tranche of shares in capital raising

By: Natasha Odendaal     3rd November 2017 ASX- and JSE-listed Orion Minerals on Friday issued the first tranche of shares as part of a two-tranche capital raising. The company aims to raise $5.5-million at an issue price of 2.4c an ordinary fully paid share to fund the resource drilling campaign at the Prieska zinc/copper project, to... 

South Africa’s Master Drilling expands into India, Australia

By: Martin Creamer     1st November 2017 Raise bore drilling company Master Drilling on Wednesday announced its expansion into India, where it will support a zinc mine, and Australia, where it will support a gold project. The Johannesburg Stock Exchange-listed company said it would be deploying a large raisebore machine to a Vedanta... 

South Africa’s Master Drilling expands into India, Australia
Photo by Duane Daws
Master Drilling CEO Danie Pretorius

Macedonia competition body approves Lynx takeover

By: Mariaan Webb     1st November 2017 The Macedonian Competition Commission has given its blessing for the $402.5-million reverse takeover of Lynx Resources by Aim-listed Central Asia Metals. Lynx owns the SASA mine, which is one of the operating largest zinc/lead/silver mines in Europe. Last year, the mine produced 22 515 t of zinc... 

Macedonia competition body approves Lynx takeover
The SASA operation in Macedonia.

Glencore sees quarterly production decreases

By: Anine Kilian     30th October 2017 While dual-listed Glencore’s copper and nickel production fell in the third quarter, the diversified miner said on Monday that this would not impact full year earnings. Copper production of 946 500 t for the quarter ended September 30 was 11% lower than the comparable quarter in 2016, owing to... 

Glencore sees quarterly production decreases

Ivanhoe agrees to rehabilitate critical rail line in DRC

By: Natasha Odendaal     30th October 2017 TSX-listed Ivanhoe Mines is preparing to rebuild the 34 km of rail track that connects the Kipushi zinc/copper/silver/germanium mine with the Democratic Republic of the Congo’s (DRC’s) national railway at Munama, south of Lubumbashi. Under terms of a memorandum of understanding (MoU) with DRC... 

PEA demonstrates ‘extremely compelling’ economics for Timok Upper Zone

By: Henry Lazenby     27th October 2017 Canadian base metals producer Nevsun Resources has reported strong economics for its proposed Timok Upper Zone project, in Serbia. The results of a preliminary economic assessment (PEA), completed by Vancouver-based SRK, has outlined a $630-million project that will produce 2.1-billion pounds of... 

Metals study groups appoint Paul White as new secretary general

By: Henry Lazenby     27th October 2017 The International Copper Study Group, the International Lead and Zinc Study Group (ILZSG) and the International Nickel Study Group have appointed Paul White as their new secretary general to replace Don Smale, who will retire on December 31. Assuming his new role on January 1, White is currently... 

Shared vision needed for mining to boost entire economy – Mgojo

By: Martin Creamer     24th October 2017 A collective national vision, which must be viable, inclusive and transformative, is urgently needed to unleash mining’s latent ability to energise the entire South African economy, Chamber of Mines president Mxolisi Mgojo said on Tuesday. Speaking at a media lunch, Mgojo emphasised the folly of... 

Shared vision needed for mining to boost entire economy – Mgojo
Photo by Duane Daws
Chamber of Mines president Mxolisi Mgojo

Jubilee expands footprint with Zambia zinc/lead JV

By: Anine Kilian     23rd October 2017 Jubilee Platinum has formed a joint venture (JV) with Aim-listed BMR Group to recover zinc, lead and vanadium at BMR’s Kabwe project, in Zambia.  Under terms of the deal, AltX- and Aim-listed Jubilee will have the right to earn into the Kabwe operations through a three-staged debt funding.... 

Jubilee expands footprint with Zambia zinc/lead JV
Photo by Duane Daws
Jubilee CEO Leon Coetzer

Energia appoints exploration manager in Italy

By: Creamer Media Reporter      23rd October 2017 Explorer Energia Minerals has appointed Fabio Granitzio to head up its exploration strategy in Italy, focusing on the flagship Gorno zinc project and other exploration assets, including the newly granted licence covering the historic Salafossa project. Prior to his appointment, Granitzio was... 

Nigeria seeks to boost mining reserves to lure investors

By: Bloomberg     20th October 2017 Nigeria plans to spend 15-billion naira ($42-million) over the next year to explore for minerals and attract investors into mining and reduce its dependence on oil, Solid Minerals Development Minister Kayode Fayemi said. “Because we are starting from a low base, we want to have a portfolio of... 

South Africa spending less than its peers on mining research and development

By: Mia Breytenbach     20th October 2017 While South Africa had increased its investment in mining research and development (R&D) since 2014, the country’s investment was still below that of its peers, delegates heard during a panel discussion on ‘Technological Innovation and Advancements in the Mining Industry’ at the Joburg Indaba... 

Gamsberg zinc project a thumbs up for South Africa amid investment slowdown

By: Mia Breytenbach     20th October 2017 Amid low levels of capital project activities in South Africa, the $400-million Gamsberg zinc and lead project, in the Northern Cape, has become the largest mining project under execution in the country. “Commentators have noted that this significant investment in the South African mining... 

Gamsberg zinc project a thumbs up for South Africa amid investment slowdown

Remove exploration red tape or mining will die, geologist warns 

By: Martin Creamer     19th October 2017 The excessive red tape around minerals exploration must be removed to prevent the demise of South Africa’s vital mining industry, consulting exploration geologist Allan Saad said on Thursday. Saad, who spent 18 years in geological roles with mining major Rio Tinto and who formerly represented the... 

Remove exploration red tape or mining will die, geologist warns
Consulting exploration geologist Allan Saad outlines current exploration constraints to Mining Weekly Online’s Martin Creamer. Photographs: Christo Greyling. Video and Video Editing: Nicholas Boyd.

BHP's chairperson holds first annual meeting, plans to review board

By: Bloomberg     19th October 2017 In  Ken MacKenzie’s first annual shareholder meeting at BHP Billiton, he emphasised that while the company will listen to investors, it is the board that makes decisions. For most companies, that’s a pretty unremarkable statement, but it carries extra weight at BHP, which is under pressure by... 

BHP's chairperson holds first annual meeting, plans to review board
BHP chairperson Ken Mackenzie

South32 bolsters net cash to $1.7bn, reports solid Q1 results

By: Esmarie Swanepoel     19th October 2017 Diversified miner South32 on Thursday reported its financial and operational results for the first quarter of the 2018 financial year, telling shareholders that stronger commodity markets had delivered a $33-million increase in its net cash position. “Our key commodity markets continue to... 

South32 bolsters net cash to $1.7bn, reports solid Q1 results
Photo by Bloomberg
South32 CEO Graham Kerr

Trevali stock trades lower on production miss

By: Henry Lazenby     18th October 2017 The value of the recent acquisition of two African zinc assets from mining major Glencore is evident in zinc-focused miner Trevali Mining latest operating results, which it published on Monday, accounting for about 65% of output. However, the company’s TSX-listed equity on Tuesday fell as much as... 

BHP on track for 7% volume growth in FY18; guidance intact

By: Henry Lazenby     18th October 2017 The world’s largest mining house BHP Billiton said on Wednesday it remained on track for a 7% volume growth in the 2018 financial year, leaving its full-year 2018 guidance unaltered. The Melbourne, Australia-based miner reported its operating results for the three months ended September 30,... 

BHP on track for 7% volume growth in FY18; guidance intact

Explorer Ferrum Crescent adopts revised strategy

By: Creamer Media Reporter      17th October 2017 Exploration firm Ferrum Crescent has announced a revised exploration strategy for the Toral base metals project, in Spain, including the appointment of expert geological advisers to better understand the project economics. The revised strategy will be led by newly appointed executive director... 

Exploration, junior culture needed to save mining – Bristow 

By: Martin Creamer     16th October 2017 Unless South Africa starts exploring again and finds new ore deposits, the country will continue to turn out the lights of the mining sector. With poor policy added, disinvestment and lack of interest will ultimately stop South Africa’s mining industry in its tracks, which will deal a colossal... 

Exploration, junior culture needed to save mining – Bristow
Top resources consultant Dr John Bristow outlines the urgent need for exploration to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd.

Italy grants Energia exploration licence for historic Salafossa mine

By: Creamer Media Reporter      16th October 2017 ASX-listed Energia has been awarded an exploration licence covering the historic Salafossa mine area, in northern Italy near the border of Austria, the company reported on Monday. Salafossa, which was operational between 1964 and 1986, comprised a single sub-horizontal Mississippi Valley Style... 

Zinc deficit grows 30% in first eight months of 2017; lead narrows gap – ILZSG

By: Henry Lazenby     11th October 2017 The zinc supply gap has widened by 30% year-on-year for the first eight months of this year, new data published by the International Lead and Zinc Study Group (ILZSG) shows. The Lisbon, Portugal-based organisation on Wednesday said the zinc deficit had grown from 221 000 t over the same... 

Zinc deficit grows 30% in first eight months of 2017; lead narrows gap – ILZSG

South Africa should consider agromining – US professor 

By: Martin Creamer     11th October 2017 South Africans, who have been mining for metals for more than a century, were this week urged to farm for metals. South African-born Stephen Haggerty, a distinguished research professor of Florida International University in the US who spoke to Mining Weekly Online while in Johannesburg, outlined... 

South Africa should consider agromining – US professor
Florida International University distinguished research professor Stephen E Haggerty talks to Mining Weekly Online’s Martin Creamer on the potential to farm for metals. Photographs: Duane Daws. Video and Video Editing: Lionel de Silva.
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