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Zinc News

Anglo-linked company scours the ocean floor for precious and base metals

By: Irma Venter     7th December 2007 There is quite a bit more underneath the sea than diamonds and oil. 

AIM Resources announces A$25m financing plan for exploration, development

By: Olivia Soraya Spadavecchia     3rd December 2007 ASX-listed AIM Resources has finalised the details of a revised A$25-million convertible debenture offering, the company reported on Monday. 

Japan helping South Africa towards creating technology-based economy

By: Esmarie Swanepoel     30th November 2007 South Africa and Japan this month signed a joint statement on minerals.  

Miner targets platinum, coal and nickel expansion

30th November 2007 Diversified mining group Xstrata Resources (Xstrata) is targeting the platinum, coal, and nickel sectors in a move to achieve company growth.  

Canadians rope in Koreans to raise capital for Namibian uranium venture

By: Felix Njini     23rd November 2007 Toronto Stock Exchange-listed Forsys Metals Corporation has roped in Korean nuclear energy firm Korea Hydro & Nuclear Power Company (KHNP) to help raise capital for its Namibian uranium venture which, company officials say, is to take off in 2009. 

Explorer aims to raise R140m for Salt River base minerals, precious metals project

By: Irma Venter     26th October 2007 Resources explorer Thabex aims to raise R140-million to complete the bankable feasibility study of its Salt River base minerals and precious metals project, in the Northern Cape. This funding includes installation of a modular pilot plant. 

Scott Lowe appointed COO of Burkina Faso zinc project

By: Matthew Hill     9th October 2007 Australia-based Aim Resources has appointed ex-BHP Billiton man Scott Lowe as COO of its Perkoa zinc project in Burkina Faso, it said this week. 

Burkina Faso mine to produce first zinc by 2009

6th September 2007 Australian miner Aim Resources, a company developing the first zinc mine in west Africa, says first production can be expected from the Perkoa project, in Burkina Faso, by 2009. 

Sipho Nkosi to take the helm at Exarro

By: Matthew Hill     31st August 2007 Spring day, September 1, has traditionally signified a season of new beginnings, which which will ring particularly true in the case of South Africa�s biggest black-owned mining firm, Exxaro Resources, when Sipho Nkosi replaces Dr Con Fauconnier as CEO on the day.  

Nothing to suggest that stable aluminium prices will move up or down significantly

By: Irma Venter     31st August 2007 London-based Natixis Commodity Markets (NCM) projects a relatively balanced aluminium market this year, with the deficit expected at 50 000 t for 2007, compared to last year’s 357 000 tons. 

Exxaro's earnings leap 61% on soaring commodity prices

By: Matthew Hill     16th August 2007 South Africa's biggest black-owned mining company Exxaro Resources reported on Thursday that its earnings for the six-months ended June 30 shot up 61% year-on-year to R839-million, or R2,46 a share, on the back of buoyant commodity prices. 

Mount Burgess starts drilling at Botswana zinc prospect

By: Mariaan Webb     13th August 2007 Australian explorer Mount Burgess Mining has started drilling at its Kihabe zinc project, in Botswana, using a multi-purpose reverse circulation/diamond core rig.  

Production halted since Sunday at Nambian mine, strike continues - Exxaro

By: Olivia Soraya Spadavecchia     3rd August 2007 Diversified resources group Exxaro Resources (Exxaro) said on Friday that an illegal strike had been under way at its Rosh Pinah zinc/lead mine in Namibia since Sunday, July 29. 

Diamond Fields inks Zambian exploration JV agreement

25th July 2007 Toronto-listed Diamond Fields International (DFI) has concluded a joint venture agreement with Lion Fields for mineral exploration in a highly prospective area in western Zambia, the Cape Town-based company said on Wednesday. 

'World zinc, lead stocks at critical low'

By: Martin Creamer     25th July 2007 World zinc and lead stocks had reached a critical low, Mount Burgess Mining MD Nigel Forrester said in Gaborone on Wednesday.  

Zinc prices set to continue slide - GFMS

By: Matthew Hill     6th July 2007 Zinc prices will continue to dip, with an average price in the fourth quarter of 2007 of $3 200/t, compared with July's price of $3 465/t, as it move towards a more realistic base, and production ramp-ups near, metal-market watcher GFMS Consulting said in its July quarterly newsletter. 

Shield granted another prospecting permit in Mauritania

By: Matthew Hill     4th July 2007 ASX-listed explorer Shield Mining (Shield) announced on Wednesday that it had received yet another permit to search for gold and base metals in Mauritania. 

Junior mining index market cap tops R100bn

By: Nelendhre Moodley     28th May 2007 The NedSec Junior Mining & Exploration Index (NSJME) has reached a free-float weighted market capitalisation of R104,6-billion, Nedbank Capital said in a statement on Monday. 

Samroc says 'in negotiations'

By: Matthew Hill     18th May 2007 JSE-listed exploration and development junior Samroc announced on Friday that it was in negotiations, sending its shares up by 133% to an all-time high, albeit a mere 14c a share. 

Oz explorer reports promising results from Botswana zinc prospect

By: Nelendhre Moodley     8th May 2007 Australian explorer Mount Burgess Mining has reported that drill results from the first of thirteen diamond holes had shown significant increase in grade for the Kihabe zinc project, located in Botswana. 

Exxaro, First Quantum yet to make decision on Gecamines suit

By: Mariaan Webb     25th April 2007 Exxaro and First Quantum have not yet made a final decision on whether or not they will sue Democratic Republic of Congo (DRC) State-owned mining company Gecamines to compensate for expenses on the Kiphusi project, their lawyer said on Wednesday.  

Platinum nudging Anglo ahead of BHP and Rio, Trahar says on last day at Anglo office

By: Martin Creamer     16th April 2007 Platinum had come to the fore to nudge Anglo American plc ahead of its diversified mining rivals BHP Billiton and Rio Tinto, outgoing Anglo American plc CEO said on his last day at the Anglo office. Trahar told Mining Weekly Online in an exclusive telephone interview from London that Anglo had... 

High-grade zinc assays from Algeria project - Terramin

By: Nelendhre Moodley     5th April 2007 Australian stock exchange listed Terramin Australia on Thursday report further high-grade zinc assays from the Tala Hamza deposit, in Algeria.  

Exxaro, First Quantum may sue for damages after Gecamines ruling

By: Mariaan Webb     26th March 2007 A Belgian court ruled on Friday that Congolese mining company Gecamines suspend its tender for investors to develop the Kiphusi zinc deposit, in the Democratic Republic Congo, paving the way for Exxaro Resources and First Quantum to file lawsuits, that could run into millions of dollars, against... 

Shanghai copper 1,2% lower on China rate rise

By: Archivist     19th March 2007 Shanghai copper prices ended 1,2% lower on Monday, under pressure after China raised interest rates, sparking fears that demand from the world's largest copper consumer could ease. 

Bateman recruits 100-plus Indian professionals, lifts order intake 210%

By: Martin Creamer     12th March 2007 London Aim-listed Bateman Engineering had recruited more than 100 professionals in India, which was providing counterbalance to demand inflation the company was encountering in its other offices globally, CEO Dr Sivi Gounden told Mining Weekly Online on Monday, after posting record results.... 

Zincor base metals refinery, South Africa

By: Carla Thomaz     15th December 2006 Name: Zincor base-metals refinery. Location: Zincor is located in Springs, approximately 50 km east of Johannesburg, Gauteng. Brief history: Gold Fields decided in 1967 to convert the closed Vogelstruisbult uranium plant into an electrolytic zinc plant. Iscor, Vogelstruisbult Metal Holdings and... 

McArthur River zinc and lead mine expansion project

6th October 2006 McArthur River Mine (MRM), near the Gulf of Carpentaria, in the Northern Territory of Australia, is one of the world's largest zinc and lead deposits. Underground mining, however, is no longer viable at MRM and the development of an open-cut operation is the only way to access MRM's significant... 

McArthur River zinc and lead mine expansion project

29th September 2006 McArthur River Mine (MRM), near the Gulf of Carpentaria, in the Northern Territory of Australia, is one of the world's largest zinc and lead deposits. Underground mining, however, is no longer viable at MRM and the development of an open-cut operation is the only way to access MRM's significant... 

McArthur River zinc and lead mine expansion project

15th September 2006 McArthur River Mine (MRM), near the Gulf of Carpentaria, in the Northern Territory of Australia, is one of the world's largest zinc and lead deposits. Underground mining, however, is no longer viable at MRM and the development of an open-cut operation is the only way to access MRM's significant... 

Miner fast-tracking Burkina Faso zinc project

7th September 2006 ASX-listed Aim Resources hopes to slash the expected start-up time of its Perkoa zinc project, in Burkina Faso, by up to 12 months, and mining is expected to start in mid-2007, MD Marc Flory said on Thursday. 

Perkoa zinc project

1st September 2006 Aim Resources plans to develop the first zinc mine in West Africa. The feasibility for the Perkoa zinc project has been completed and the report indicates that the mine should produce 116 000 t/y of zinc concentrate for 14 years. 

Perseverance zinc mine project

1st September 2006 The project will involve the development of a zinc mine. Perseverance has measured and indicated resources of 5,1-million tons grading 15,8% zinc, 1,24% copper, 29 g of silver a ton and 0,38 g of gold a ton. 

Perkoa zinc project

25th August 2006 Aim Resources plans to develop the first zinc mine in West Africa. The feasibility for the Perkoa zinc project has been completed and the report indicates that the mine should produce 116 000 t/y of zinc concentrate for 14 years. 

Mount Isa zinc-lead concentrator revamp project

18th August 2006 Xstrata Zinc has announced two projects to upgrade the zinc-lead concentrator at Mount Isa and expand the production of zinc concentrate. The first project involves the use of second-hand equipment, sourced from Xstrata Zinc's George Fisher mine and abroad to increase existing throughput capacity... 

Kidd Creek, Canada

By: Carla Thomaz     12th May 2006 Name: Kidd Creek mine. Location: The mine is located 22 km north of Timmins, north-west of Toronto, Ontario, Canada. Brief description: The operations are organised into two independent business units, Kidd Mining Division and Kidd Metallurgical Division. Kidd Mining Division is focused on... 

Red Dog mine, Arctic Borough

By: Carla Thomaz     5th May 2006 Name: Red Dog mine. Location: The mine is located in the DeLong Mountains of Alaska’s Brooks Range in the north-west Arctic Borough, near Kotzebue. Brief history: Red Dog was discovered in 1953 and in 1982 Cominco American signed an agreement with NANA, regardingdevelopment, which began in... 

McArthur River mine, Australia

By: Carla Thomaz     7th April 2006 Name: McArthur River mine. Location: McArthur River mine is located 900 km south-east of Darwin, near Borroloola, Northern Territory, Australia. Brief history: The zinc-lead-silver deposit on the McArthur River station was discovered in 1955. For 30 years, studies failed to develop a viable... 

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