R/€ = 16.84 Change: 0.00
R/$ = 14.30 Change: -0.01
Au 1209.08 $/oz Change: 6.43
Pt 835.50 $/oz Change: 11.25

Zinc News

Gold, silver miner Hochschild eyes move into copper and zinc

By: Reuters     21st February 2018 Gold and silver miner Hochschild Mining, which has been scouting for early-stage mining projects, is interested in moving into other metals including copper and zinc, the company's chief executive said on Wednesday. Miners around the world have been looking to take advantage of demand for... 

Global lead market surplus widens in December – ILZSG

By: Reuters     20th February 2018 The global lead market showed a surplus of 20 000 t in December, after a surplus of 9 900 t in November, data from the Lisbon-based International Lead and Zinc Study Group (ILZSG) showed on Tuesday. For January to December, the lead market had an output deficit of 165 000 t, compared with a... 

Orion reveals encouraging results from drilling at Prieska project

By: Simone Liedtke     19th February 2018 ASX- and JSE-listed Orion Minerals on Monday announced further encouraging results from drilling at the company's Prieska zinc/copper project, in the Northern Cape. Drill hole OCOD087_D2, drilled on the south-west margin of the NW Trough Target, intersected 14 m of mineralised massive sulphide... 

Leon expects mining industry to have a future under Ramaphosa’s Presidency

By: Nadine James     16th February 2018 Herbert Smith Freehills partner and Africa co-chairperson Peter Leon is cautiously optimistic that the changes signalled by newly elected President Cyril Ramaphosa will benefit South Africa’s economic recovery. In a speech to the British Chamber of Business in South Africa on Thursday evening, he... 

Leon expects mining industry to have a future under Ramaphosa’s Presidency
Photo by Duane Daws
Herbert Smith Freehills partner and Africa co-chairperson Peter Leon

Tahoe lifts global gold reserves by 400 000 oz

By: Henry Lazenby     16th February 2018 Canadian precious metals miner Tahoe Resources has increased its global gold reserve base by about 12% or 399 000 oz in 2017, to about 3.7-million ounces of yellow metal, the company announced on Thursday. Vancouver-based Tahoe advised that, in 2017, it added 888 000 oz of new gold mineral... 

PDAC honours industry leaders

By: Donald Makhafola     16th February 2018 The largest challenge facing the mining industry globally is the disconnect between investors' timeframes and the timeframe to discover and develop mining projects, says exploration and development company NexGen Energy, the winner of nonprofit organisation the Prospectors and Developers... 

PDAC honours industry leaders
Photo by Bloomberg
RECOGNISING INDUSTRY LEADERS The Prospectors & Developers Association of Canada will salute exceptional industry members at its annual convention

Sound policy, low risk key to attracting mining investment

By: Henry Lazenby     16th February 2018 The global equity markets have been extremely volatile in recent weeks, extending a frantic selloff in US stocks that culminated in the steepest plunge for the Dow Jones Industrial Average in six-and-a-half years. While commodities were not spared from the rout, American multinational investment... 

Sound policy, low risk key to attracting mining investment

New Century signs gas supply agreement with Santos

By: Anine Kilian     15th February 2018 ASX-listed zinc developer New Century Resources has entered into a four-year A$100-million gas supply agreement (GSA) with independent oil and gas producer Santos for its Mount Isa power generation facilities in the Lower Gulf of Carpentaria. While the full terms of the GSA remain confidential,... 

Despite reporting a Q4 earnings miss, Teck equity rises on record revenue, cash flow

By: Henry Lazenby     14th February 2018 Canadian diversified miner Teck Resources has reported fourth-quarter headline earnings slightly below analyst expectations, as lower metallurgical coal sales and prices offset metal price improvements in the three-month period to December 31. Adjusted profit attributable to shareholders in the... 

Despite reporting a Q4 earnings miss, Teck equity rises on record revenue, cash flow

Industry, environment lobby cautiously optimistic as Canada tables new enviro review rules

By: Henry Lazenby     9th February 2018 Ottawa on Thursday tabled new legislation to improve the federal environmental assessment process for mining projects. The legislation is aimed at strengthening and restoring the credibility of Canada's environmental laws. 

Industry, environment lobby cautiously optimistic as Canada tables new enviro review rules

Ivanhoe Mines appoints new executive vice chair

By: Henry Lazenby     8th February 2018 Africa-focused explorer and project developer Ivanhoe Mines has appointed veteran mining analyst Egizio Bianchini as its new vice chairperson, effective March 12. Bianchini was most recently employed as the vice chairperson and co-head of BMO Capital Markets' Global Metals & Mining Group for 29... 

Aquila lifts Back Forty zinc resource 12%

By: Henry Lazenby     8th February 2018 Michigan-focused project developer Aquila Resources has announced an updated resource estimate for its flagship Back Forty gold/zinc project, lifting the combined measured and indicated zinc resource by 12%, while the contained gold resource climbed 4%. Based on information gained from 22 further... 

Miranda Minerals gets prospecting right for base metals project in Northern Cape

By: Megan van Wyngaardt     8th February 2018 The Department of Mineral Resources has granted Miranda Minerals a prospecting right in respect of the remainder of Rozynenbosch farm No 104, measuring 6 483 ha, in the Northern Cape. The right is effective from February 5, this year, until February 4, 2021, and relates to the... 

Jubilee’s Zambia JV hit with mining right termination notice

By: Natasha Odendaal     8th February 2018 Dual-listed Jubilee Metals Group remains supportive of its joint venture (JV) partner BMR Group after a surprise mining right termination notice was issued for the Kabwe lead/zinc/vanadium project, in Zambia, from the Mining Cadastre Department of Zambia. BMR Group plans to appeal the notice,... 

Orion to target BFS completion for Prieska project by October

By: Mia Breytenbach     8th February 2018 Following the release of the maiden mineral resource for Orion Minerals’ Prieska zinc/copper project, in the Northern Cape, the company will target the completion of a bankable feasibility study (BFS) on the project by October. Speaking to Mining Weekly Online on the sidelines of the Investing in... 

Smelters expected to reduce zinc processing fees amid mine supply shortage

By: Reuters     8th February 2018 Zinc smelters are set to accept lower fees for processing concentrate into metal when annual contracts are hammered out next week at a conference in California, as a crunch in mine supply stretches into a third year. Treatment charges (TCs), the fees miners pay smelters to process their ore, are... 

Smelters expected to reduce zinc processing fees amid mine supply shortage

Nyrstar requests arbitration over legacy contracts with Century zinc mine

By: Mariaan Webb     7th February 2018 Australian base metals company New Century has slammed Belgium-headquartered Nyrstar’s request for arbitration regarding legacy contracts to purchase zinc concentrate from the Century mine, north-west Queensland, and said Wednesday that it had instructed international arbitration firm Clifford... 

Jubilee exercises 40% Kabwe option

By: Natasha Odendaal     6th February 2018 AltX- and Aim-listed Jubilee Metals Group intends to exercise its option to earn a 40% interest in BMR Group’s Kabwe lead/zinc project, in Zambia, after a comprehensive technical, financial and legal due diligence. This increases Jubilee’s effective interest in the Kabwe project to 57.41%,... 

Weatherly buys additional 65% of Berg Aukas project

By: Simone Liedtke     5th February 2018 Aim-listed Weatherly International has entered into a binding agreement to increase its ownership of private Namibian company China Africa Resources Namibia (CARN) from 25% to 90%. CARN, which owns 100% of the high-grade Berg Aukas underground zinc/lead/vanadium project near Grootfontein, in... 

Heron awards port services contract for Woodlawn mine

By: Simone Liedtke     5th February 2018 Base metals firm Heron Resources has awarded the port services contract for its Woodlawn zinc/copper project, in New South Wales, to Australia-owned and -operated private company Port Kembla Gateway (PKG). The port services contract encompasses provision of receival, storage and ship loading... 

CoM sees resurgence in hope, green shoots in South African mining industry

By: Mia Breytenbach     5th February 2018 There is new sense of hope in the mining industry and in South Africa, says Chamber of Mines (CoM) CEO Roger Baxter. “It gives us a new confidence that a resurgence is taking place in the industry for the year ahead,” said Baxter, who spoke at a media briefing at the Investing in African Mining... 

CoM sees resurgence in hope, green shoots in South African mining industry
Photo by Duane Daws
Chamber of Mines CEO Roger Baxter

Southern Copper closes lower on surprise loss

By: Henry Lazenby     2nd February 2018 Base metals miner Southern Copper has reported a surprise loss of $287.5-million in the fourth quarter ended December 31, saying a $743.3-million one-time payment related to US tax reforms weighed on its financial results. Excluding special items, the company would have reported earnings of... 

Centerra approves further funding for European JV partner on 2017 success; gets more credit

By: Henry Lazenby     2nd February 2018 Canadian miner Centerra Gold has approved expenditures of $1.85-million for this year to fund exploration campaigns in Sweden by its joint venture partner (JV) Erris Resources, following encouraging 2017 results. Results of the drill programmes undertaken in the second half of 2017 at the Klippen... 

Strong zinc output from Black Mountain, Skorpion – Vedanta

By: Martin Creamer     2nd February 2018 Diversified mining company Vedanta Resources said on Friday that its Vedanta Zinc International subsidiary had delivered strong zinc production at Black Mountain in the Northern Cape and at Skorpion in Namibia in the three months to the end of December, and that the $400-million Gamsberg zinc... 

Strong zinc output from Black Mountain, Skorpion – Vedanta
Photo by Creamer Media
Vedanta Zinc International CEO Deshnee Naidoo

Assessments confirm integrity of main hoisting shaft at Prieska project

By: Simone Liedtke     2nd February 2018 Detailed visual and mechanical inspections of the barrel and steelwork of the Hutchings shaft at Orion Minerals' Prieska zinc/copper project, in the Northern Cape, have confirmed that the shaft steelwork and wall integrity have been well preserved. The shaft has been inoperable and submerged for... 

Analysts okay Glencore’s 2017 production downs

By: Martin Creamer     1st February 2018 Analysts on Thursday okayed last year’s production performance of diversified mining and marketing company Glencore, which on Thursday reported lower 2017 production for many commodities owing to the impact of disposals, maintenance work and weather. Barclays analysts Amos Fletcher, Ian Rossouw... 

Analysts okay Glencore’s 2017 production downs
Koniambo nickel mine, New Caledonia, where full-year production was 29% up

Nevsun to invest up to $60m at Serbia project in 2018

By: Simone Liedtke     1st February 2018 New York Stock Exchange-listed Nevsun Resources will invest between $50-million and $60-million this year to advance its Timok Upper Zone copper/gold project, in Serbia. The company on Wednesday released its guidance for this year, with zinc production forecast to reach between 210-million and... 

Testwork at Orion's Prieska project sets stage for next phase

By: Megan van Wyngaardt     31st January 2018 JSE-listed minerals explorer Orion Minerals on Wednesday said detailed metallurgical test work will be conducted at its Prieska zinc/copper project, using 1 583 kg of diamond drill core samples obtained from mineralised intersections in 21 holes drilled across the mineralised zones of the deposit... 

Arizona Mining finds new quality zinc zones at Hermosa; enhanced PEA lifts project to global Top 5

By: Henry Lazenby     30th January 2018 The TSX-listed stock of Vancouver-based base metals explorer Arizona Mining has gained more than 25% since the start of the year, boosted by the release of an updated preliminary economic assessment (PEA) and the latest exploration results from the flagship Hermosa deposit, in Arizona, which... 

Nevsun appeals to Canada Supreme Court in Eritreans' forced labour lawsuit

By: Reuters     29th January 2018 Nevsun Resources is appealing to Canada's Supreme Court to throw out a lower court ruling which allowed Eritrean workers, who say they were forced to work at its mine, to have their lawsuit heard in Canada. Canada's top court said on Friday that Nevsun filed an application on Jan. 19, seeking... 

Zinc, lead outlook bright but analysts expect peak pricing as soon as this year

By: Henry Lazenby     27th January 2018 High commodity prices in 2018 are expected to sustain robust margins for zinc and lead miners this year, as supplies of both metals remain constrained. According to market research and consultancy firm CRU International, following on from record zinc deficits in 2017 in the range of 650 000 t of... 

Zinc, lead outlook bright but analysts expect peak pricing as soon as this year
Photo by Glencore
Glencore zinc ingots

Red River completes first zinc shipment

By: Natasha Odendaal     25th January 2018 ASX-listed Red River Resources has completed the first shipment of zinc concentrate from the Thalanga zinc operation, in Queensland. The shipment of 5 500 wet metric tonnes of zinc concentrate was loaded at the Port of Townsville destined for the Port of Lianyungang in Jiangsu province, China. 

Ford complains rising metals costs hurt profits, rivals unphased

By: Reuters     24th January 2018 When Ford Motor reports fourth-quarter results on Wednesday afternoon, it is expected to fret that rising metals costs have cut into profits, even as rivals say they have the problem under control. Aluminium prices have risen 20% in the last year and nearly 11% since December 11. Steel prices... 

Goldman, Citi final bidders for Scotiabank's metals business – sources

By: Reuters     24th January 2018 The field of prospective bidders for ScotiaMocatta, the metals trading arm of Canada's Bank of Nova Scotia, has narrowed to two, three banking and industry sources said on Wednesday. The two - Goldman Sachs Group and Citi - are undertaking due diligence checks, the sources said. 

Ironbark raises $6m to further develop Greenland project

By: Megan van Wyngaardt     24th January 2018 ASX-listed Ironbark Zinc has completed a book build for a placement to institutional and sophisticated professional investors to raise up to $6-million at an issue price of $0.062 apiece. The placement will include the issue of up to 96.77-million new shares, pursuant to the company's capacity. 

Materials Price Index rises for tenth week in a row

By: Henry Lazenby     19th January 2018 The Materials Price Index (MPI) from Global Insight by IHS Markit has risen for the tenth consecutive week, the research and consultancy group announced on Thursday. The index added a strong 1.8%, adding to a 15.1% rise since early October, when the current rally started. 

Miner prioritises zinc production in strong market

19th January 2018 Canadian miner Nevsun Resources has ensured improved zinc recoveries at its zinc/copper/gold Bisha mine, in Eritrea, through its decision in August to allocate additional capital to the mine and delay the delivery of the prefeasibility study (PFS) for its Serbia-based Timok copper/gold to the... 

Miner prioritises zinc production in strong market
STRATEGY PAYS OFF Nevsun was able to provide an additional $24-million for Bisha to improve recoveries and increase the total material movement to meet requirements for the updated life-of-mine plan

Australian junior to acquire Namibia zinc project

By: Mia Breytenbach     19th January 2018 ASX-listed Tanga Resources will acquire the high-grade Joumbira zinc project, in Namibia, and raise A$1.16-million to fund the transaction and start planned work programmes. The company entered into a binding option agreement to acquire 100% of the issued shares of Namibia-registered Coldstone... 

Australian junior to acquire Namibia zinc project
Photo by Bloomberg
GOOD TIMING Tanga Resources believes that Joumbira is a highly prospective, advanced project, in a world-class mining jurisdiction, with good timing for shareholder exposure to zinc

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