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Zinc News

Anglesey completes scoping study for Wales mine

By: Creamer Media Reporter      24th July 2017 Project developer Anglesey Mining on Monday published the results of its scoping study for the Parys Mountain copper/zinc/lead project, in north Wales, which demonstrates a viable mine development. The study, which Micon International and Fairport Engineering prepared, envisages a mining rate of... 

Moratorium infers intention to circumvent agreement – Leon 

By: Martin Creamer     21st July 2017 The mineral rights moratorium gazette notice of Mineral Resources Minister Mosebenzi Zwane infers an intention to circumvent the underlying purpose of the agreement reached with the Chamber of Mines, Herbert Smith Freehills’ Africa partner and co-chair, Peter Leon, said on Friday. In particular,... 

Moratorium infers intention to circumvent agreement – Leon
Photo by Duane Daws
Herbert Smith Freehills’ Africa practice partner and co-chair Peter Leon

Zinc rally set to last as producer sees best price in decade

By: Bloomberg     21st July 2017 The rally in zinc prices has the potential to jump this year to levels not seen in a decade as demand continues to outstrip supply amid mine output disruptions, according to Hindustan Zinc, Asia’s biggest producer by market value. Prices may rise to about $3 000 a metric ton on the London Metal... 

Zinc rally set to last as producer sees best price in decade
Early works at the Gamsberg project in a 2015 file photo.

Zinc, lead demand continue to outstrip output

By: Henry Lazenby     18th July 2017 New analysis by the International Lead and Zinc Study Group (ILZSG) has found that demand for zinc grew by 1.14% during the first five months of 2017, with mine output rising 6.3% and refined metal output up 0.4%. In its latest report published on Monday, the ILZSG said that preliminary data it... 

Demand growth for some metals may exceed 1 000% – World Bank

By: Martin Creamer     18th July 2017 A new World Bank report highlights the potential impacts that the expected continuing boom in low-carbon energy technologies will have on demand for many minerals and metals, including Southern Africa's platinum, manganese and chrome. Using wind and solar energy, and energy storage batteries, as... 

Nine recommended improvements should charter renegotiation ensue

By: Martin Creamer     17th July 2017 The agreed suspension of the implementation of the controversial Mining Charter Three may present an opportunity for the parties to negotiate a revised version that reflects terms acceptable to all parties. If so, the renegotiated charter should contain at least nine improvements, say Herbert... 

Nine recommended improvements should charter renegotiation ensue
Photo by Duane Daws
Herbert Smith Freehills Africa partner and co-chair Peter Leon

North American metals and mining sector provides weak covenant protections – Moody’s

By: Henry Lazenby     15th July 2017 High-yield bonds issued in the metals and mining sector provide weak covenant protection, Moody's Investors Service says in a new report issued on Friday. The average covenant quality (CQ) score under the credit rating agency's scoring criteria for the 56 North American metals and mining... 

Chamber wins round one in battle against mining charter

By: Martin Creamer     14th July 2017 In what is a clear first round victory for the Chamber of Mines of South Africa against the errant Department of Mineral Resources (DMR), Mineral Resources Minister Mosebenzi Zwane has agreed to suspend the implementation of the controversial Mining Charter Three until after the High Court has... 

Chamber wins round one in battle against mining charter
Chamber CEO Roger Baxter – chamber wins first round in fight against devastating Mining Charter Three

Nevsun lifts Q2 copper output

By: Henry Lazenby     14th July 2017 Base metals producer Nevsun Resources has reported a strong recovery of copper concentrate production, lifting second-quarter output to 5.7-million pounds. It is a sharp recovery for the Eritrea-focused company, which resorted to producing a bulk zinc/copper concentrate late last year owing to... 

Demand for African resources, but common codes needed

By: Simone Liedtke     14th July 2017 African mining has entered into the new up-cycle for commodities, which is fuelled by the economic growth profile in the eastern hemisphere – which includes China, Mongolia and the Pacific rim region, as well as the global uncertainty over the value of and the sustained availability of ‘cash-money’. 

Demand for African resources, but common codes needed
A CASE FOR MAJORS Bulk commodities are for major investors only, as these require substantially ‘deep pockets’

Rawthdowney announces private placement for Poland project

By: Creamer Media Reporter      13th July 2017 TSX-V-listed project developer Rathdowney Resources has announced a private placement to raise $600 000, which it plans to use to advance its Ola zinc/lead/silver project, in Poland. Rathdowney will use the proceeds of the placement of about 3.16-million units, at $0.19 a unit, to advance... 

Hayes Creek proves up for PNX

By: Esmarie Swanepoel     12th July 2017 A prefeasibility study (PFS) into the Hayes Creek zinc-gold-silver project, in the Northern Territory, has found that the project would require a capital investment of A$58-million to construct a 450 000 t/y sulphide flotation process plant and associated infrastructure. ASX-listed PNX Metals... 

Miners rewarded for improved capital discipline

By: Henry Lazenby     11th July 2017 Increased cash flows, merger and acquisition (M&A) activity and new debt issues have helped many of the world’s top miners strengthen their balance sheets in 2016, reflecting miners’ response to investor messages around capital discipline, according to new analysis from PwC Canada. "As the global... 

Miners rewarded for improved capital discipline

Manganese makes list of key tech metals heading for short supply

By: Martin Creamer     11th July 2017 Nothing can stop the proliferation of iPhones, solar panels and Teslas, except perhaps a shortage of key natural resources, comments the latest Fortune magazine, which puts manganese from South Africa on the list of crucial technology metals needed in the US. Fortune’s world map showing the... 

Manganese makes list of key tech metals heading for short supply
Photo by Duane Daws
Industrial Development Corporation Mining and Metals Industries divisional executive Abel Malinga (right) talking to Mining Weekly's Martin Creamer.

Hannan unveils maiden resource statement for Irish Kilbricken deposit

By: Henry Lazenby     10th July 2017 TSX-V-listed junior explorer Hannan Metals has published a National Instrument 43-101-compliant maiden resource estimate for its 100%-owned Kilbricken zinc/lead/silver/copper deposit, in Ireland. According to information provided IN 2006 by the Irish Department of Communications, Energy and... 

Osisko Metals expands landholdings in New Brunswick base metals camp

By: Henry Lazenby     7th July 2017 The base metals-focused arm of the Osisko group of companies, Osisko Metals, has signed a definitive option agreement with two vendors to acquire the Mount Fronsac zinc/lead property, located within the Bathurst Mining Camp of New Brunswick. The TSX-listed company on Wednesday said the property,... 

Copper drops as warehouse inflows undermine shortage speculation

By: Bloomberg     6th July 2017 Copper futures posted the biggest loss in two weeks as inventories tracked by the London Metal Exchange climbed the most since early March, dispelling concerns about potential shortages. Stockpiles rose 15% to 315 925 metric tons, bourse data show. Copper also fell as the dollar rose and... 

Greenstone ups interest in Heron to 19.3%

By: Megan van Wyngaardt     4th July 2017 Private equity fund Greenstone Resources will increase its ownership in Australian base metals miner Heron Resources to 19.3%, through the acquisition of 398-million shares valued at $21-million. The company currently has a 16.23% ownership in Heron Resources. 

Global zinc output will diminish over coming years – BMI

By: Megan van Wyngaardt     4th July 2017 An ore shortage will see the global refined zinc deficit gradually widen over the next few years, with producers to curb output, research firm BMI said on Tuesday. It noted that zinc production and consumption growth are expected to average 1.9% and 1.7% respectively between this year and 2021,... 

Global zinc output will diminish over coming years – BMI

Mining Indaba offering new junior zone, boosting interface opportunities 

By: Martin Creamer     4th July 2017 Strong new thrusts are planned for next year’s Investing in African Mining Indaba, which is scheduled to take place at the Cape Town International Convention Centre from February 5 to 8, once again to support investment in mining companies operating in Africa and to provide an effective platform... 

Mining Indaba offering new junior zone, boosting interface opportunities
Investing in African Mining Indaba MD Alex Grose outlines to Mining Weekly Online’s Martin Creamer the major new focus on junior miner involvement. Video and Video Editing: Lionel da Silva.

Scoping study at Anglesey’s North Wales project nearing completion

By: Megan van Wyngaardt     3rd July 2017 A scoping study on Aim-listed Anglesey Mining’s Parys Mountain copper-lead-zinc project, in North Wales, is nearing completion, with the results of the study to be published later this month. Earlier this year, the company said the scoping study was being modified by Micon International and... 

3D printing could improve mining uptime and productivity

By: Mia Breytenbach     30th June 2017 Forward-thinking mining organisations are realising that industrial-scale, three-dimensional (3D) printing of equipment used in mines could make operations more cost effective and reduce the frustrations of equipment downtime, says information technology consultancy and systems integration firm... 

3D printing could improve mining uptime and productivity
Photo by Bloomberg
OPERATIONAL CONTROL By 3D printing the spare parts and replaceable components that complex mine machinery requires, operators can gain greater control over the supply chain

Teck buys Goldcorp’s 21% stake in San Nicolás project, Mexico

By: Henry Lazenby     29th June 2017 Canadian diversified miner Teck Resources has agreed to buy Goldcorp’s 21% interest in the San Nicolás copper/zinc project, in Mexico’s Zacatecas state, for $50-million. The transaction will fully consolidate Teck’s ownership of the project and is part of Goldcorp’s ongoing strategy to pare... 

Connemara keen to find new zinc partner with ‘deeper pockets’

By: Mariaan Webb     28th June 2017 Irish explorer Connemara Mining chairperson John Teeling is open to bringing in a new joint venture (JV) partner for the company's zinc exploration projects in Limerick and Meath, claiming on Wednesday that progress is too slow in a market where zinc prices are rising fast. Connemara has two JV... 

Connemara keen to find new zinc partner with ‘deeper pockets’
Mining entrepreneur John Teeling

Nevsun names new chairperson

By: Creamer Media Reporter      26th June 2017 Base metals producer Nevsun Resources has appointed Ian Pearce chairperson. He will take the reins from Stuart Angus, who will also retire as director on September 30, on June 30. 

Energia raises A$3m for Italy zinc project

By: Esmarie Swanepoel     26th June 2017 ASX-listed junior Energia Minerals is hoping to raise A$3.12-million through a non-renounceable rights issue to fund work at its Gorno zinc project, in Italy. Energia on Monday said that the two-for-five rights issue would be priced at 1c a share, which represented a discount of 37.5% to the... 

Energia raises A$3m for Italy zinc project

Zinc rally to slow in H2 as headwinds mount – BofAML

By: Henry Lazenby     24th June 2017 Headwinds to the current zinc price rally are expected to mount during the second half of the year as consumption slows, undermining the base metal’s strong fundamentals, new analysis by Bank of America Merrill Lynch (BofAML) has found. The banking group’s Global Commodities Research team said in... 

Mining Charter violates shareholder rights – Hogan Lovells

By: Martin Creamer     23rd June 2017 Mining Charter Three’s arbitrary increase of empowerment shareholding to 30% violates the property rights of shareholders, and the new charter’s requirement to pay 1% of yearly turnover is not expected to survive challenges under the Companies Act and the Constitution. Property rights under the... 

Mining Charter violates shareholder rights – Hogan Lovells
Hogan Lovells partner Wessel Badenhorst

BMR Group raises funds to further fund Kabwe construction

By: Megan van Wyngaardt     23rd June 2017 BMR Group has, through the placement of 9.3-million new ordinary shares at 3.75p apiece, raised £350 000 before expenses. The Aim-listed company will use the proceeds to further its Kabwe lead and zinc mine, in Zambia, where civil construction works are under way. 

Slow, bumpy market recovery on the cards for most commodities

By: Henry Lazenby     22nd June 2017 The global commodity market is probably in for a slow, drawn-out recovery following the five-year bear market, S&P Global Market Intelligence director for reports on the metals and mining sectors Dr Chris Hinde said during a webcast on Wednesday. According to S&P’s ‘State of the Market’ report,... 

Slow, bumpy market recovery on the cards for most commodities

Mining Charter exposing South African economy to GATT angst  

By: Martin Creamer     21st June 2017 The procurement rules of the new Mining Charter may violate South Africa’s obligations under the General Agreement on Tariffs and Trade (GATT), exposing the country to challenges by other member states of the World Trade Organisation (WTO), Herbert Smith Freehills lawyers Peter Leon and Patrick... 

Mining Charter exposing South African economy to GATT angst
Photo by Duane Daws
Herbert Smith Freehills co-chair Peter Leon

Ferrum Crescent appoints technical consultant to advance Spain project

By: Creamer Media Reporter      21st June 2017 Lead/zinc explorer Ferrum Crescent has appointed Myles Campion as a technical consultant to assist in progressing its exploration portfolio in northern Spain. Campion, which has extensive experience in resource delineation, both as a geologist and a resources fund manager, will oversee all... 

Nevsun restarts copper concentrate sales

By: Henry Lazenby     20th June 2017 Base metals producer Nevsun Resources has resumed sales of copper concentrate produced from primary ore at the Bisha mine, in Eritrea. The Vancouver-based miner reported on Tuesday that it has sold and shipped 5 800 t of concentrate to an international trader on competitive commercial terms. 

Mining Charter set to worsen stakeholder relations – Bench Marks

By: Martin Creamer     20th June 2017 The new Mining Charter is the flawed outcome of inadequate consultation with communities, the board of the Bench Marks Foundation said on Tuesday, when it warned that the document is poised to worsen stakeholder relations. Bench Marks executive director John Capel condemned the new charter as a... 

Mining Charter set to worsen stakeholder relations – Bench Marks
Photo by Reuters
Rt Rev Dr Jo Seoka, chairperson of the Bench Marks Foundation, which has launched a scathing attack on the new Mining Charter.

Busiest project bidding period ever – ELB 

By: Martin Creamer     20th June 2017 Johannesburg Stock Exchange-listed ELB Group is having its busiest project bidding period ever, and is seeing a strengthening in base metals and great opportunities in gold. “In the last six months, we’ve experienced our busiest bidding period ever,” ELB Group CE Dr Stephen Meijers told Mining... 

Busiest project bidding period ever – ELB
Creamer Media is talking to Dr Stephen Meijers, the CEO of The ELB Group, which was established as long ago as 1919 and which continues to be a world-class engineering performer off a strong South African base. Camerawork: Darlene Creamer. Editing: Lionel da Silva.

Metalicity eyes DSO operation at Admiral Bay

By: Esmarie Swanepoel     19th June 2017 ASX-listed junior Metalicity is hoping to bring forward production at its Admiral Bay zinc project, in Western Australia, with the introduction of an ore sorting technique. The company said on Monday that it would undertake a detailed assessment programme of the ore sorting technique as part of... 

Desert Star announces transformational transaction as it buys Capstone’s Kutcho project

By: Henry Lazenby     17th June 2017 TSX-listed base metals company Capstone Mining has agreed to sell its Kutcho copper/zinc/gold/silver project to TSX-V-listed Desert Star Resources for C$28.8-million in cash. The payment will also include a scrip portion to give Capstone a 9.9% stake in Desert Star upon closing. 

Trevali strikes more zinc at New Brunswick mining camp

By: Henry Lazenby     16th June 2017 Canadian base metals producer Trevali Mining has hit more high-grade zinc intercepts during its 2016/17 exploration campaign on the Halfmile deposit, located in the Bathurst Mining Camp of north-eastern New Brunswick. Designed to validate historic data as well as to expand and improve upon the... 

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