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Zinc News

Firms joining forces to raise $500m for mining projects, particularly in Africa

By: Ilan Solomons     18th August 2017 Mining investment advisory company MX Mining Capital Advisors and law firm Norton Rose Fulbright South Africa are collaborating to assist in raising about $500-million in finance for mining projects worldwide and for Africa based ones in particularly. MX Mining is focused on raising capital and... 

KAZ Minerals more than doubles output as new mines ramp up

By: Mariaan Webb     17th August 2017 The ramping up to two new openpit copper mines in the Pavlodar and East regions of Kazakhstan has helped KAZ Minerals to more than double its first-half production, revenue and profit. The London-, Kazakhstan- and Hong Kong-listed miner on Thursday reported production of 118 000 t of copper in... 

KAZ Minerals more than doubles output as new mines ramp up

Thalanga set for Q4 restart

By: Esmarie Swanepoel     17th August 2017 ASX-listed Red River Resources is on track to restart commercial production at its Thalanga zinc project, in Queensland, early in the fourth quarter of this year. The company said on Thursday that the project commissioning will start in the third quarter, with some 85% of the plant and... 

Ascendant reports first month of positive ‘top line’ earnings; higher grades on the cards

By: Henry Lazenby     17th August 2017 Just seven months since acquiring the El Mochito zinc/lead/silver mine, in west-central Honduras, TSX-listed Ascendant Resources has achieved positive adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) for the month of July. Analysts use the metric that looks at a... 

Technology set to unleash mining innovation – Anglo’s O’Neill

By: Martin Creamer     16th August 2017 In the next ten years, technology is set to unleash a wave of mining innovation, with the sweet spot centred on changing the thinking around orebodies and processing plants rather than much-spoken-about automation. “Our focus has changed from hunting technologies to hunting value,” Anglo American... 

Technology set to unleash mining innovation – Anglo’s O’Neill
Anglo American technical director Tony O’Neill

Explorer Connemara raises £135 000

By: Creamer Media Reporter      15th August 2017 Irish exploration firm Connemara Mining has raised £135 000 in a share placing, the Aim-listed company announced on Tuesday. Connemara placed 7 848 837 new shares of €0.01 each in the company at 1.72p a share to raise the capital. 

Connemara appoints new CEO

By: Samantha Herbst     14th August 2017 Aim-listed Irish exploration company Connemara Mining has appointed Patrick Cullen its new CEO, effective from Monday.   Cullen boasts over 20 years of experience in the mining and exploration sector, most recently as a director of UK-based mining and metals company Kodal Norway. He was also... 

Woodlawn equipment orders placed - Heron

By: Esmarie Swanepoel     14th August 2017 Dual-listed Heron Resources has advanced the development of its Woodlawn zinc/copper project, in New South Wales, placing initial orders for a number of long-lead, critical path equipment. The ASX- and TSX-listed company on Monday said that it had procured a $4.4-million fine grinding mill,... 

Trevali lowers guidance as Santander water ingress delays development

By: Henry Lazenby     12th August 2017 Pure-play zinc producer Trevali Mining expects to produce less metal from the Peru-based Santander mine this year, after extreme rainfall during the recent mountain wet season delayed high-grade stope development by a quarter. The company announced on Thursday that the excessive rainfall during... 

Trevali lowers guidance as Santander water ingress delays development

Nevsun delays Timok schedule, provides more capital for flagship Bisha ops

By: Henry Lazenby     11th August 2017 Canadian base metals producer Nevsun Resources this week announced a strategic update on its capital allocation plans, allotting extra capital to its Eritrea-based Bisha zinc/copper/gold operation and delaying the timetable for delivery of the Serbia-based Timok prefeasibility study (PFS) to the... 

Nevsun delays Timok schedule, provides more capital for flagship Bisha ops
Photo by Nevsun Resources
Bisha mine, Eritrea

Work advancing to secure Chinese funding for large Greenland zinc project

By: Mariaan Webb     11th August 2017 Base metals developer Ironbark Zinc is continuing to work towards securing Chinese funding for a large potential zinc mine – the Citronen base metals project, in Greenland. Ironbark, which is listed in Australia, is working with China Nonferrous Metal Industry’s Foreign Engineering and... 

Aeon raises $5.5m for Queensland project

By: Creamer Media Reporter      11th August 2017 Base metals explorer Aeon Metals on Friday said it had agreed to place 39.2-million shares at 14c each to sophisticated and institutional investors to raise A$5.5-million before costs. “The Aeon board is very happy to broaden the share register with a good mix of domestic and international... 

Zinc of Ireland announces follow-up drilling at Kildare project

By: Mariaan Webb     11th August 2017 Spurred on by high-grade intercepts at the McGregor and Celtic Tiger prospects at the Kildare project, explorer Zinc of Ireland on Friday announced the start of a Phase 3 drilling programme. The first hole, 006, of the programme is focusing on the McGregor prospect, where ZMI is seeking to extend... 

Vedanta commits majority of Gamsberg capex, progresses waste stripping

By: Mia Breytenbach     11th August 2017 Diversified miner Vedanta Resources’ Zinc International subsidiary has committed more than 80% of the $400-million capital expenditure for the first phase of the Gamsberg zinc project, in the Northern Cape. The first phase of the Gasmberg project is expected to have a mine life of 13 years,... 

Vedanta commits majority of Gamsberg capex, progresses waste stripping

Gamsberg zinc project on course for first production in mid-2018

By: Mia Breytenbach     11th August 2017 Diversified miner Vedanta Resources' Gamsberg zinc project, in the Northern Cape, remains on track for first production in mid-2018. Prestart activities and waste stripping at the project have progressed well, with the completion of the north access ramp – a critical milestone and part of the... 

Gamsberg zinc project on course for first production in mid-2018
ON TRACK Vedanta has excavated more than 22.5-million tonnes of waste rock while orders for the integrated process plant, water and power and mining activities have been placed

Growth aids new sales platform

By: Nica Schreuder     11th August 2017 There is cautious optimism worldwide in the future demand for valves, owing to investment in major industries, such as, besides others, mining and oil and gas, as well as related infrastructure, which has prompted growth in the valves industry this year. Industry players are hoping that this... 

Growth aids new sales platform
COMPLEXITY Despite the sophisticated nature of valves, ValveConnect emphasises that they are still commodity items accessible through an online platform

Interest returning to Africa in response to commodities resurgence

     11th August 2017 Interest in Africa’s mineral potential is returning and there is a growing confidence in the future of the resources sector in Africa and in Africa–Australia relations, says organiser of the Africa Down Under (ADU) conference, Australian magazine publisher, Paydirt Media.  

Interest returning to Africa in response to commodities resurgence
INTEGRAL EVENT The importance of Africa Down Under continues to be reflected in the number of high-profile attendees it welcomes to Australia’s mining capital each year

Efforts to reposition balance sheet, price improvements lift Glencore’s H1 earnings

By: Ilan Solomons     10th August 2017 Diversified mining and marketing company Glencore said “extensive efforts” to reposition its balance sheet and propel the company’s industrial asset portfolio improvements over the last two years were reflected in its strong interim financial performance. The group on Thursday published its... 

Efforts to reposition balance sheet, price improvements lift Glencore’s H1 earnings
Glencore CEO Ivan Glasenberg

Hudbay returns to Q2 profit

By: Ilan Solomons     4th August 2017 Canadian precious metals and base metals miner Hudbay Minerals achieved a net profit of $25.6-million and earnings a share of $0.11 for the three months ended June 30, compared with a net loss of $5.7-million and a loss a share of $0.02 in the second quarter of 2016. For the quarter, operating... 

Hudbay returns to Q2 profit
Photo by Hudbay Minerals
Lalor zinc, gold and coper mine, in Manitoba, Canada

Century zinc mine still has life

By: Esmarie Swanepoel     4th August 2017 Results from an optimisation study at the Century zinc mine, in Queensland, has confirmed a recovery range of between 60% and 64% for the proposed tailings project. ASX-listed New Century Resources is currently investigating a restart feasibility study to recommission the existing... 

Women representation increases from ‘extreme minority’ to 13%-plus of SA’s mining workforce 

By: Mia Breytenbach     4th August 2017 The local mining industry has made significant strides in executing transformation and promoting gender diversity in terms of women representation, with the number of women having increased from an “extreme minority” to exceeding 10% across different levels. According to the Chamber of Mines... 

Women representation increases from ‘extreme minority’ to 13%-plus of SA’s mining workforce
Vedanta Resources Zinc International and CMT CEO Deshnee Naidoo discusses the progress made in increasing women representation. Camerawork and Editing: Darlene Creamer.

DRA makes top origination appointment

By: Martin Creamer     3rd August 2017 Multi-disciplinary global engineering group DRA has appointed Pierre Julien to lead the company’s global origination team as executive VP origination. With more than 22 years of senior level industry experience, Julien has been tasked with identifying and accessing new business channels, seeking... 

DRA makes top origination appointment
Photo by Duane Daws
DRA Group Holdings CEO Wray Carvelas (left) with Mining Weekly Online's Martin Creamer in Johannesburg.

Sierra Metals' Peruvian subsidiary lifts H1 production, revenue

By: Creamer Media Reporter      2nd August 2017 The increased production of higher-value ore, improved recoveries and improved metal pricing has positively impacted on Canadian company Sierra Metals’ Corona subsidiary’s results for the half-year. Corona, which is 80% owned by Sierra Metals and which mines for copper, lead, zinc, silver and... 

Shareholders endorse Energia’s new Gorno strategy

By: Mariaan Webb     2nd August 2017 SX-listed Energia’s rights offer to raise A$3.13-million has closed oversubscribed, which CEO Alexander Burns said on Wednesday showed that its shareholders endorsed the company’s strategy for the Gorno project, in Italy. “The rights issue proceeds will leave us well positioned to advance this... 

NUM, ANC ‘very encouraging’ – Royal Bafokeng Platinum 

By: Martin Creamer     1st August 2017 Royal Bafokeng Platinum CEO Steve Phiri said on Tuesday that he was “very encouraged” by the stance taken the day before by the National Union of Mineworkers (NUM) and the ruling African National Congress (ANC). “We can only improve the situation if we work together and not against each other,”... 

NUM, ANC ‘very encouraging’ – Royal Bafokeng Platinum
Royal Bafokeng Platinum CEO Steve Phiri is interviewed by Mining Weekly Online’s Martin Creamer on the tough current passage of the struggling platinum industry. Video and Video editing: Darlene Creamer 1.8.2017

Zinc, copper resurgence good news for Anglesey

By: Mariaan Webb     31st July 2017 An expected upward movement in zinc and copper prices bodes well for UK-based Anglesey Mining, which is planning on building a zinc/copper/lead mine in north Wales. Chairperson John Kearney said on Monday that there were “real signs of resurgence” in the mining industry and that there was a... 

Vast pleased with q/q production improvements at Romania, Zimbabwe mines

By: Creamer Media Reporter      28th July 2017 Operations at Aim-listed Vast Resources’ Manaila polymetallic mine, in Romania, and Pickstone-Peerless gold mine, in Zimbabwe, improved significantly quarter-on-quarter in the three months to June 30. During the second quarter, the 100%-owned Manaila mine, achieved a 41% quarter-on-quarter... 

Drilling adds at least 3 years of production to Amur’s Kun Manie

By: Mariaan Webb     28th July 2017 Nickel/copper sulphide explorer Amur Minerals believes it has expanded the mining potential of its Kun-Manie mine, in Russia’s Far East, with recent drilling at the Kubuk deposit having added as much as another three years to its production. Drilling to identify indicated resources has extended... 

Teck profit jumps as coking coal market comes to life

By: Henry Lazenby     28th July 2017 Canada’s largest diversified miner Teck Resources has reported a remarkable jump in headline earnings for the three months ended June, with the company's steelmaking coal division benefiting from higher prices and sales volumes. Adjusted profit attributable to shareholders in the period under... 

ANC’s Mining Charter response ‘very constructive’ – Anglo

By: Martin Creamer     27th July 2017 The response of South Africa’s ruling African National Congress (ANC) party at its recent policy conference, that further discussion is required on the controversial Mining Charter Three, to ensure that investment and employment levels are not negatively affected, has been described as “very... 

ANC’s Mining Charter response ‘very constructive’ – Anglo
Mark Cutifani

Glencore’s half-year showing prompts analyst gusto

By: Martin Creamer     27th July 2017 Thursday’s half-year production report from diversified mining and marketing company Glencore, which is seen as offering particular leverage to copper and zinc’s currently attractive fundamentals, elicited favourable analyst comment. “Glencore remains our sector top pick,” Barclays Equity... 

Glencore’s half-year showing prompts analyst gusto
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Lundin swings back into black

By: Henry Lazenby     27th July 2017 Higher metals prices, higher sales volumes and lower operating costs have helped push Canadian diversified miner Lundin Mining back into the black, according to the company’s financial report for the three months ended June 30, published Wednesday. Net earnings from continuing operations for the... 

Peru's La Oroya smelter faces liquidation after failed auctions

By: Reuters     26th July 2017 Peru's nearly 100-year-old polymetallic smelter La Oroya failed to draw any offers on Wednesday in the last of six scheduled auctions, delivering a blow to President Pedro Pablo Kuczynski's plans to expand the Andean country's metals refining capacity. Kuczynski had extended the liquidation... 

Deputy Minister ‘uncomfortable’ at not being consulted

By: Martin Creamer     26th July 2017 Deputy Mineral Resources Minister Godfrey Oliphant told Radio 702 morning anchor Xolani Gwala on Wednesday that he was “uncomfortable” at having to read about the proposed mineral rights moratorium in the newspapers. Oliphant, who has served as the deputy to three Mineral Resources Ministers,... 

Deputy Minister ‘uncomfortable’ at not being consulted
Photo by Duane Daws
Deputy Mineral Resources Minister Godfrey Oliphant

Vedanta’s Zinc International production down y/y in Q1, Zambia copper production improves

By: Mia Breytenbach     26th July 2017 Diversified miner Vedanta Resources' Zinc International business recorded a 25% year-on-year decrease in production to 32 000 t  for the quarter ended June 30 – the first quarter of its 2018 financial year. The decrease was mainly as a result of an planned plant shutdown at the acid plant, as... 

Vedanta’s Zinc International production down y/y in Q1, Zambia copper production improves
Tom Albanese

Stop moratorium now, NUM instructs DMR 

By: Martin Creamer     26th July 2017 The National Union of Mineworkers (NUM) said on Wednesday that it is deeply concerned by the current consideration by the Minister of Mineral Resources Mosebenzi Zwane to put in place a mineral rights moratorium until the finalisation of the Mining Charter Three court challenge by the Chamber of... 

Kumba CEO Mkhwanazi concerned by Minister’s reneging  

By: Martin Creamer     25th July 2017 Kumba Iron Ore CEO Themba Mkhwanazi on Tuesday expressed concern about the mineral rights and mining transaction moratorium that has been gazetted by Mineral Resources Minister Mosebenzi Zwane, especially because it followed his agreement to suspend the implementation of Mining Charter Three... 

Kumba CEO Mkhwanazi concerned by Minister’s reneging
Kumba Iron Ore CEO Themba Mkhwanazi reported a reinstatement of the dividend at the presentation of half-year results covered by Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video: Darlene Creamer. Video Editing: Lionel da Silva

Trevali on target with African asset acquisitions as zinc output rises

By: Henry Lazenby     25th July 2017 Trevali Mining's addition of two new African mines paid off in the zinc producer's pro-forma second-quarter results, which showed that 63% of the company's zinc-equivalent payable pounds were contributed from Rosh Pinah (Namibia) and Perkoa (Burkina Faso). Trevali is acquiring both assets from... 

Trevali on target with African asset acquisitions as zinc output rises
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