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Zinc News

Grupo Mexico could reopen San Martin mine after 11 years

By: Reuters     3rd September 2018 Miner Grupo Mexico could reopen the country's largest underground mine in the first quarter of 2019, after it closed more than a decade ago due to a workers strike, a senior government official said in an interview. The company began to refurbish the San Martin mine, which has copper, silver,... 

Lead and zinc in supply deficit

By: Nadine James     31st August 2018 The International Lead and Zinc Study Group (ILZSG) released preliminary data for world lead and zinc supply and demand for the first half of 2018, last week, noting that refined lead demand exceeded available supply, and that there was a deficit in refined zinc supply of about 17 000 t. The... 

Lead and zinc in supply deficit
SUPPLY DWINDLES the global market for refined zinc metal in deficit by 17 000 t in the first six months of 2018 despite total reported inventories increasing by 77 000 t over the same period

Constantine assembles team for Alaska project PEA

By: Creamer Media Reporter      30th August 2018 TSX-V-listed Constantine Metal Resources has selected engineering, project and construction management firm JDS Energy and Mining to prepare a preliminary economic assessment (PEA) of the potential viability of the mineral resources at the Palmer copper/zinc/gold/silver project, in south-east... 

Prieska mine reopening targeted for 2020

By: Marleny Arnoldi     29th August 2018 ASX- and JSE-listed Orion Minerals aims to reopen the Prieska zinc/copper project, in South Africa’s Northern Cape, in 2020. Orion MD Errol Smart told delegates attending the Africa Downunder conference being held in Perth, this week, that the 12-month bankable feasibility study (BFS) for the... 

Prieska mine reopening targeted for 2020
Orion Minerals MD Errol Smart

Chinese miner to start copper output in Eritrea by next year

By: Bloomberg     24th August 2018 A unit of Sichuan Road & Bridge Co. will start producing copper, zinc, gold and silver at a mine in Eritrea by early next year, helping diversify the country’s agrarian economy, a mines ministry official said. The project will add to two operating mines in the Horn of Africa nation, which is... 

Tethyan completes drilling at recently acquired Serbia

By: Creamer Media Reporter      23rd August 2018 Gold and base metals explorer Tethyan Resources has completed its first drill programme at the recently acquired Kizevak zinc/lead/silver project, in Serbia. The Kizevak project is situated on an exploration licence held by Tethyan’s Serbian subsidiary Taor and is located 1 km south-east along... 

Osisko announces management changes

By: Creamer Media Reporter      21st August 2018 TSX-V-listed Osisko Metals has appointed geologist Robert Wares, currently the chairperson of the board, as executive chairperson. Wares has more than 35 years’ experience in mineral exploration and development, and was one of the three original founders of Osisko Exploration/Osisko Mining. 

Oposura scoping study nears completion

By: Creamer Media Reporter      20th August 2018 ASX-listed Azure Minerals is nearing completion of a scoping study for its Oposura zinc/lead/silver project, in Mexico. The study remains on schedule for completion in the third quarter of this year. 

New-gen scanning technology released, interest from SA companies

By: Jessica Oosthuizen     17th August 2018 Global corporate engineering and consulting group DMT has released the new-generation Slim Borehole Scanner (SBS) technology for imaging extra-slim drill holes with a diameter of 23 mm, with keen interest from local mining companies, says DMT director Sodhie Naicker. One of the SBS’s primary... 

New-gen scanning  technology released,  interest from SA companies
SLIM BOREHOLE SCANNER The self-sufficient wireless tool is lightweight and easy to mobilise and use

Laboratory to expand services, product range

By: Erin Steenhoff-Snethlage     17th August 2018 Sandton-based chemical reagents supplier and distributor, Axis House, plans to considerably expand its metallurgical laboratory in the Western Cape, as well as its laboratory services and product range, as it believes that using specifically developed chemical reagents in the base metals... 

Laboratory to expand services, product range
Photo by Bloomberg
FOR PARTICULAR PURPOSE Axis House develops specifically designed chemical reagents

Miner looks to meet Southern Africa’s zinc deficit

By: Erin Steenhoff-Snethlage     17th August 2018 While the zinc industry is poised to have a structural deficit until 2022, diversified miner Vedanta Resources' Vedanta Zinc International (VZI) is well positioned to meet the needs of South African zinc users, says VZI and Vedanta Resources Africa Base Metals CEO Deshnee Naidoo. “The feasibility... 

Miner looks to meet Southern Africa’s zinc deficit
Photo by Creamer Media
COMMITTED TO AFRICA Vedanta Resources has invested significant capital in Africa

Zinc developer secures offtake, funding for Nigeria project

17th August 2018 Australian zinc-focused mineral exploration company Symbol Mining has executed an offtake and marketing agreement for its shipping and sales programme for the Macy zinc project in Nigeria, with international commodities group Noble Resources International. The shipping and sales programme is... 

Zinc developer secures offtake, funding for Nigeria project
ON TARGET The first shipment of zinc and lead is expected from the Macy project in the third quarter

Orion turbocharges Prieska study 

By: Martin Creamer     15th August 2018 The Sydney- and Johannesburg-listed exploration and development company Orion Minerals, which is developing a zinc and copper project at Prieska in the Northern Cape, on Wednesday announced the second tranche of its two-tranche share issuance to raise $7.86-million. The total $11-million capital... 

Orion turbocharges Prieska study
Photo by Creamer Media
Orion Minerals CEO Errol Smart

Trevali lifts Q2 zinc output

By: Simone Liedtke     10th August 2018 TSX-listed Trevali Mining saw achieved higher zinc production in the second quarter, ended June 30, and remains on track to achieve its full-year production and cost guidance, president and CEO Dr Mark Cruise said on Friday. Production guidance for the year remains unchanged at 400-million to... 

Strong sales growth lifts Silvercorp earnings

By: Nadine James     10th August 2018 In its financial and operating results for the first quarter ended June 30, Canada-based, China-focused Silvercorp Metals on Thursday reported a net income of $10.9-million and a 25% increase in cash flow on the back of a 14% increase in sales. The company achieved sales of $45.1-million, up... 

Miner Trevali reports worker death at Burkina Faso mine

By: Reuters     9th August 2018 Zinc miner Trevali Mining Corp said on Thursday an accident at its Perkoa Mine in Burkina Faso resulted in the death of a worker. The miner was hired by a contractor, the company said. 

Mining starts at Century

By: Esmarie Iannucci     9th August 2018 Hydraulic mining operations have started at the Century zinc mine, in Queensland. “This is a fantastic achievement by the New Century team and our business partners to deliver the restart of operations at Century both on time and budget,” said ASX-listed New Century Resources MD Patrick Walta on... 

Glencore darts ahead of diversified rivals

By: Martin Creamer     8th August 2018 The strength of the business model and commodity mix of mining and marketing company Glencore has been demonstrated once again by sharp increases in earnings and net income in the six months to June 30. The earnings before interest, taxes, depreciation and amortisation (Ebitda) of the 146... 

Glencore darts ahead of diversified rivals
Glencore CEO Ivan Glasenberg

Jubilee gains full control of the Kabwe project

By: Simone Liedtke     6th August 2018 Jubilee Metals has gained full control of the Kabwe project, in Zambia, by increasing its interest in the project to 87.5%. While Jubilee has the option to acquire 100% of the Kabwe project, Aim-listed BMR retains a maximum of 12.5% of the generated earnings. 

Vedanta delivers strong Q1 Ebitda

By: Simone Liedtke     6th August 2018 Diversified miner Vedanta Resources on Monday announced that it had delivered strong earnings before interest, taxes, depreciation and amortisation (Ebitda) and drove steady margins in the first quarter of the 2019 financial year. The margins, the miner highlighted, were driven by record volumes... 

Vast expects subsidiary to be granted Baita Plai association licence soon

By: Simone Liedtke     6th August 2018 Aim-listed mining company Vast Resources, its 80%-subsidiary African Consolidated Resources (AFCR) and Romanian State-owned Baita, the holder of the Baita Plai licence, have submitted a joint formal application to Romania’s National Agency for Mineral Resources (ANRM) for the grant to AFCR of an... 

Completion of Back Forty feasibility study signals significant milestone for Aquila

By: Simone Liedtke     3rd August 2018 A feasibility study, compiled by Lycopodium Minerals Canada, has been completed on TSX-listed Aquila Resources’ 100%-owned zinc- and gold-rich Back Forty project, in Michigan, in the US. Citing the completion of the Back Forty project’s feasibility study as a “significant milestone for Aquila”,... 

Hudbay ups Manitoba's operating cost guidance

By: Mariaan Webb     1st August 2018 Toronto-headquartered Hudbay Minerals on Tuesday confirmed that it would meet its production guidance for 2018, but flagged higher operating costs at its Manitoba unit, citing cold weather conditions, higher costs at the 777 mine and the impact of a fan outage at Lalor. The combined mine and... 

Glencore copper, zinc ramp-ups paying off in production numbers

By: Marleny Arnoldi     31st July 2018 The ramp up of diversified miner Glencore’s Katanga mine, in the Democratic Republic of Congo (DRC), has delivered increased copper and cobalt for the first half of this year, in line with full-year guidance, which is 1.4-million tonnes of copper and 39 000 t of cobalt. Financial services... 

Glencore copper, zinc ramp-ups paying off in production numbers
Glencore's Koniambo mine in New Caledonia

Investors cheer Ivanhoe’s resource update for Kipushi

By: Mariaan Webb     30th July 2018 Canadian major Ivanhoe Mines on Monday published a mineral resource estimate update for its Kipushi zinc/copper/silver/germanium project in the Democratic Republic of Congo (DRC), increasing the past-producing mine’s zinc-rich resources by 16% and copper-rich resources by 40%. The new estimate,... 

Investors cheer Ivanhoe’s resource update for Kipushi

Sulphides intersected at Orion’s Rok Optel nickel/copper prospect

By: Anine Kilian     30th July 2018 Semi-massive and injected-stringer sulphide veins have been intersected at Orion Minerals’ Rok Optel nickel/copper prospect, in the Areachap Belt, in the Northern Cape. The company noted in a release on Monday that the intersections achieved provide strong geological proof of concept for Orion’s... 

Nevsun urges ‘no action’ on hostile bid, reports Q2 results

By: Mariaan Webb     27th July 2018 TSX-listed Nevsun Resources has confirmed that a special committee would consider the C$1.4-billion offer from Lundin Mining – formally tabled on Thursday – and urged shareholders not to take any action before the board makes a formal recommendation. Nevsun, which on Thursday also released its... 

New milestone set at Gamsberg zinc project

By: Martin Creamer     26th July 2018 The completion of the main construction activities and commissioning of the front-end ore crushing, handling and stockpiling system for the Gamsberg zinc mine project in the Northern Cape is seen as a significant milestone. Completed for the Black Mountain Complex – part of the Vedanta Resources... 

New milestone set at Gamsberg zinc project
First ore deposited on coarse ore stockpile at Gamsberg.

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 Iannucci     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 Iannucci     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 Iannucci     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... 

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