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Zinc News

South32 boasts record manganese, aluminium production in December quarter

By: Megan van Wyngaardt     17th January 2018 Triple-listed diversified miner South32 on Wednesday reported that, while it had achieved its guidance for all its operations during the three months to December 31, its South African manganese operations, in particular, exceeded expectations, owing to strong market demand. Saleable ore... 

Miners bolster senior ranks in preparation for fast-paced 2018

By: Henry Lazenby     16th January 2018 Several Canadian listed miners reported senior management changes on Tuesday. Marine mining hopeful Nautilus Minerals announced Tuesday that Tariq Al Barwani has been appointed to the role of nonexecutive chairperson. Al Barwani joined the board in May 2016. He is a director and shareholder of MB... 

Top 10 zinc miner Trevali lifts 2018 guidance 140% as zinc powers to 10yr high

By: Henry Lazenby     16th January 2018 Canadian zinc miner Trevali Mining expects to produce 140% more zinc this year, following a transformational 2017 that saw it produce a record 177.4-million payable pounds of zinc. The 2017 output was boosted by the December quarter production from the newly acquired Perkoa mine, in Burkina Faso,... 

Top 10 zinc miner Trevali lifts 2018 guidance 140% as zinc powers to 10yr high

As stockpiles fall, which metals are really in tight supply?

By: Reuters     16th January 2018 Stocks of industrial metals in London Metal Exchange (LME) warehouses fell more than 40 percent last year and further declines are expected in 2018, which should in theory signal tighter supplies and fuel a blistering price rally. But rising inventories of metals at smaller rival exchanges... 

Glencore reserves should be valued higher – analysts

By: Martin Creamer     15th January 2018 Investors should be prepared to value the reserves of metal that Glencore owns more highly to reward the proactive approach that the London- and Johannesburg-listed diversified mining company has towards managing its assets. Reflecting on the decision of Glencore to pull metal from the market... 

Glencore reserves should be valued higher – analysts
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Metals power higher as sickly dollar spurs copper-to-gold rally

By: Bloomberg     15th January 2018 Copper jumped by the most in two months and zinc hit a fresh decade-high as base metals rallied on a potent combination of a softer dollar and continued robust outlook for demand. Gold and palladium also climbed. Copper surged as much as 2.1%, the most since November 13, to $7 259 a metric ton... 

Metals power higher as sickly dollar spurs copper-to-gold rally

Expansion study planned for Century zinc mine

By: Mariaan Webb     15th January 2018 Base metals miner New Century will conduct an expansion feasibility study, based on the potential to mine the southern-most portion of the original ore body at its Century zinc mine, in Queensland. Located directly adjacent to the existing Century processing plant, the South block complements... 

Expansion study planned for Century zinc mine
The Century zinc mine, in Queensland.

Smarter mining, manufacture, agriculture needed, says IDC’s Maia 

By: Martin Creamer     12th January 2018 South Africa needs to aim towards smarter mining, smarter agriculture and smarter manufacturing. “It’s about taking all the major sectors of the economy forward, with each feeding on the other,” says Industrial Development Corporation (IDC) research and information head Jorge Maia of the roles... 

Smarter mining, manufacture, agriculture needed, says IDC’s Maia
Industrial Development Corporation research and information head Jorge Maia and Unctad economic affairs officer Stefan Csordas respond to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd.

Strong commodity price rally lifts IHS Materials Price Index for ninth consecutive week

By: Henry Lazenby     12th January 2018 The IHS Materials Price Index (MPI) is in its ninth consecutive week of gains, jumping 2.8% last week – the strongest weekly performance since early September. According to IHS Markit economist Cole Hassay, the MPI was supported by broad-based positive indicators, with eight of ten subcomponents... 

Nevsun trading lower as copper recoveries continue to lag plan

By: Henry Lazenby     12th January 2018 Canadian miner Nevsun Resources has reported strong zinc output at its flagship Bisha mine, in Eritrea, hitting the top end of its 2017 guidance. However, the news late on Wednesday was not enough to bolster investor sentiment on Thursday, as the company’s struggling copper output again... 

Ascendant on the rise as team delivers on 2017 mine turnaround strategy

By: Henry Lazenby     11th January 2018 Investors welcomed a report by TSX-listed base metals producer Ascendant Resources on Thursday that it has beaten its maiden 2017 production guidance after successfully executing a turnaround strategy for its underperforming flagship asset. The news pushed the miner’s TSX-listed stock more than... 

Ascendant on the rise as team delivers on 2017 mine turnaround strategy
Photo by Ascendant Resources
Ascendant Resources' El Mochito mine, Honduras

Trek acquires Gabon project from Battery Minerals

By: Natasha Odendaal     11th January 2018 ASX-listed Trek Metals has acquired 100% of the Kroussou zinc/lead project, in Gabon, from fellow-listed Battery Minerals for $400 000 in cash and securities. A deferred consideration of options an shares totalling $2.5-million, which had been agreed in a binding term-sheet, will be subject to a... 

Osisko Metals continues aggressive BMC acquisitions course

By: Henry Lazenby     10th January 2018 Base metals explorer Osisko Metals has inked a definitive accord with the Canadian Continental Exploration Corporation (CCEC) to acquire 27 mineral claims in the Bathurst Mining Camp (BMC), the company announced on Tuesday. The individual mineral claims comprise 4 to 48 claim units totalling 320... 

Copper hits two-week low, zinc at highest in more than a decade

By: Reuters     9th January 2018 Copper hit a two-week low on Monday, weighed down by a stronger dollar and as the market consolidated following sharp gains in December, while zinc again reached its highest in more than a decade on supply concerns. The dollar rose against the euro, making dollar-priced metals costlier for... 

Zinc exploration budgets expected to outperform in 2018

By: Anine Kilian     8th January 2018 While budget allocations for most commodities are expected to increase this year as the recovery in the mining industry continues, zinc will outperform owing to the strong prices seen in 2017, the latest report from S&P’s Global Market Intelligence’s Metals & Mining team states. Prompted by the... 

Zinc exploration budgets expected to outperform in 2018

SSR Mining receives EIA approval for Chinchillas

By: Henry Lazenby     28th December 2017 Argentine regulatory authorities have approved the environmental impact assessment (EIA) for joint-venture (JV) subsidiary Puna Operations’s Chinchillas precious metals project. Owned 75% and operated by SSR Mining, Puna Operations was formed earlier this year as a JV vehicle with gold junior... 

Osisko Metals adds to Bathurst Mining Camp asset holdings

By: Henry Lazenby     28th December 2017 Base metals focused project developer Osisko Metals has signed an agreement to buy the Key Anacon claims and surrounding area, in the Bathurst Mining Camp (BMC) of New Brunswick, from Hunter Brook Holdings. Based in Montreal, Quebec, Osisko has in recent quarters been actively consolidating base... 

Even with Trump minerals order, US miners seen trailing China

By: Reuters     23rd December 2017 Even if Donald Trump’s initiative on 'critical minerals' strengthens the US mining industry, domestic companies would still struggle to compete with low-cost Chinese competitors, according to Bloomberg Intelligence. The president signed an executive order this week to identify new US sources of... 

Even with Trump minerals order, US miners seen trailing China

Fast-paced developments at Prieska benefit all stakeholders

By: Robyn Wilkinson     15th December 2017 Australian minerals explorer Orion Minerals’ activity at the Prieska zinc/copper mine present an “unparalleled” value creation opportunity for investors and shareholders while promoting and supporting critical socioeconomic development in the Northern Cape, says Orion Minerals MD Errol Smart.  

Fast-paced developments at Prieska benefit all stakeholders
PROJECT ADVANCES Sixteen drill rigs are operating on site in a dual-focused drill programme that aims to confirm the extensive historical drilling database on the remaining mineralisation at Prieska

New South African zinc mine going digital

15th December 2017 Zinc miner Vedanta Zinc International (VZI) is collaborating with digital industrial company GE South Africa to implement a Smart Ore Movement system at its flagship Gamsberg project, in the Northern Cape, to ensure that best practices are in place when the mine goes into production next year. 

New South African zinc mine going digital
Photo by Duane Daws
STARTING ON THE RIGHT FOOT The Smart Ore Movement system will be implemented in the development phase of the Gamsberg project rather than retrofitted once the mine is on line

Zinc miner secures its position in global top ten producers

By: Robyn Wilkinson     15th December 2017 Zinc miner Trevali Mining Corporation has added high-quality zinc production to its existing portfolio and expanded its asset and geographic diversification this year, securing its position as a global top-ten zinc producer. 

Zinc miner secures  its position in global top ten producers
ROSH PINAH Namibia is an attractive mining jurisdiction, hosting many operating mines, including Rosh Pinah

Orion identifies exploration targets through survey

By: Megan van Wyngaardt     14th December 2017 A 962 km2 high-power SkyTEM airborne electromagnetic (EM) survey that dual-listed Orion Minerals started at the Areachap Belt, in the Northern Cape, in late November, has identified four primary and 11 secondary priority targets for exploration. The company now intends to expand its activities to... 

Ivanhoe concludes Kipushi PFS, embarks on DFS

By: Natasha Odendaal     13th December 2017 TSX-listed Ivanhoe Mines has outlined the “outstanding” findings of a prefeasibility study (PFS) to revive the historic Kipushi zinc-copper-silver-germanium mine, in the Democratic Republic of Congo. The PFS, undertaken to refine the findings of the 2016 preliminary economic assessment (PEA) and... 

Moody’s sees stable year ahead for base metals, but also expects some risk factors

By: Megan van Wyngaardt     13th December 2017 Ratings agency Moody’s believes 2018 will be a year of relative stability for the global base metals industry after some recovery was experienced this year. In a 2018 outlook analysis, released on Wednesday, the agency noted that these improved supply/demand fundamentals would hold on the back of... 

Moody’s sees stable year ahead for base metals, but also expects some risk factors

Glencore’s Lady Loretta restart adding to regional jobs prospects

By: Mariaan Webb     13th December 2017 News that diversified miner Glencore is restarting its Lady Loretta zinc mine in north-west Queensland is adding to a regional jobs story, with 250 people to find employment as a result of the miner’s decision to resume phased production next year. “What we are seeing right across commodities is... 

Glencore guiding soaring 2018 earnings

By: Martin Creamer     12th December 2017 Diversified mining and marketing company Glencore sees itself as being best placed for the electric vehicle revolution through its ‘tier 1’ copper, cobalt, nickel, zinc and thermal coal assets. The company said in an investor day update on Tuesday that sustainably low-cost and long-life first... 

Glencore guiding soaring 2018 earnings
Photo by Duane Daws
Glencore CEO Ivan Glasenberg

Orion eyes early mining using existing Prieska infrastructure

By: Natasha Odendaal     12th December 2017 Dual-listed Orion Minerals has initiated investigations into the early mining of potentially significant remnant zinc/copper mineralisation within accessible areas of existing mine infrastructure of the historic Prieska mine, in the Northern Cape. Orion is evaluating potential sulphide... 

Trevali discovers significant new massive sulphide zone at New Brunswick-based Caribou mine

By: Henry Lazenby     12th December 2017 Zinc producer Trevali Mining has discovered a significant new body of massive sulphide mineralisation containing significant zinc-rich polymetallic intervals at the Caribou zinc mine, in the Bathurst Mining Camp of New Brunswick. The additional mineralisation substantiates Trevali's decision to... 

Trevali discovers significant new massive sulphide zone at New Brunswick-based Caribou mine
Photo by Trevali Mining
The Caribou mine, in New Brunswick

Crucial for commodity countries to build economic resilience – Unctad 

By: Martin Creamer     11th December 2017 Without policy change, commodity-dependent developing countries risk falling short of achieving their sustainable development goals (SDGs) by 2030, United Nations Conference on Trade and Development (Unctad) economic affairs officer Stefan Csordas warned on Monday. Unctad and the Food and... 

Crucial for commodity countries to build economic resilience – Unctad
Unctad’s Stefan Csordas discusses commodities report with Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Video Editing: Lionel de Silva.

Cyril Ramaphosa calls for mining sector action 

By: Martin Creamer     11th December 2017 South Africa must urgently break the ongoing deadlock on the regulation and transformation of the mining sector to ensure the proper use of this country’s world-class mineral resources, says Deputy President Cyril Ramaphosa. In an article on the CR17 Siyavuma campaign website, ahead of this... 

Cyril Ramaphosa calls for mining sector action
Photo by Duane Daws
Deputy President Cyril Ramaphosa

First mover Noront shifts RoF focus to Cu/Zn exploration

By: Henry Lazenby     8th December 2017 With the first commitments in place to build roads into Northern Ontario’s emerging Ring of Fire (RoF) mining camp, regional first mover Noront Resources is taking the opportunity to continue to build out its inventory of polymetallic resources by prioritising copper/zinc targets for exploration... 

First mover Noront shifts RoF focus to Cu/Zn exploration

Alta Zinc says updated resource estimate supports growth strategy

By: Creamer Media Reporter      8th December 2017 ASX-listed Alta Zinc, formerly Energia Minerals, has updated the mineral resource estimate for the Colonna Zorzone deposit at its Gorno zinc project, in northern Italy.The resource estimation revision, which was commissioned to include all drilling results obtained to date, primarily focused on... 

Owner’s engineer role by ‘Proudly South African’ Erudite pleasing Perth 

By: Martin Creamer     8th December 2017 New ‘Proudly South African’ start-up Erudite Strategies has hit a rich vein of acceptance in Australia, where investors in junior mining projects in Africa are showing alacrity in taking up its unique client representative and owner’s engineer offering. Each of Erudite’s three leading lights has... 

Owner’s engineer role by ‘Proudly South African’ Erudite pleasing Perth
Mining Weekly Online’s Martin Creamer interviews Johann de Bruin, the founding director of the new project engineering company Erudite. Video: Nicholas Boyd. Video Editing: Nicholas Boyd and Lionel da Silva.

Ireland-based Connemara Mining to advance exploration on key gold, zinc prospects

By: Mia Breytenbach     8th December 2017 Irish gold and zinc explorer Connemara Mining aims to further advance exploration activities on key gold and zinc prospects, following the successful execution of several drilling programmes at these projects, Connemara Mining CEO Patrick Cullen tells Mining Weekly. Connemara currently holds... 

Ireland-based Connemara Mining to advance exploration  on key gold, zinc prospects
EXPLORATION DRIVE Active exploration programmes on Connemara Mining’s gold projects at Inishowen, in Donegal, are under way, while drilling on the Wicklow/Wexford project has started

Digitalisation initiative at Gamsberg to allow for minute-by-minute decision-making

By: Mia Breytenbach     8th December 2017 Diversified miner Vedanta Resources' Zinc International (VZI) has announced a greenfield digitalisation initiative, which will see a ‘Smart Ore Movement’ system built into its flagship Gamsberg zinc project. The project, which is being undertaken in collaboration with digital industrial company... 

Digitalisation initiative at Gamsberg to allow for  minute-by-minute decision-making
Photo by Duane Daws
GE South Africa CEO Thomas Konditi and Vedanta Zinc International CEO Deshnee Naidoo

Resources Watch  

7th December 2017 This week: Vedanta’s Zinc International, GE collaborate on digitalisation initiative at Gamsberg And, Dassault Systèmes heralding in new autonomous mining era 

Resources Watch
Resources Watch

Glencore-Canada venture hitched to low-carbon economy shift

By: Martin Creamer     5th December 2017 The joint venture partnership Glencore struck with a Canadian pension plan on Tuesday provides exposure to commodities that benefit from a low-carbon economy. BaseCore Metals, a 50:50 partnership centred on base metals streams and royalties, involves Glencore Canada Corporation contributing a... 

Glencore-Canada venture hitched to low-carbon economy shift
Glencore CEO Ivan Glasenberg

Tanga to acquire Namibia zinc project, raises A$1.16m in placement

By: Mia Breytenbach     5th December 2017 ASX-listed Tanga Resources announced on Tuesday that it would acquire the high-grade Joumbira zinc project in Namibia and that it would raise A$1.16-million to fund the transaction and to start planned work programmes. The company entered into a binding option agreement to acquire 100% of the... 

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