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Zinc News

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

New ‘disruptive’ mine borer heads for Indaba unveiling

By: Martin Creamer     18th January 2018 A new Proudly South African mine tunnel borer that requires no blasting, delivers higher production advances, comes with a collaboration imprimatur and can be retrofitted to existing operations, will be unveiled at next month’s Mining Indaba in Cape Town and commissioned in the third quarter of... 

New ‘disruptive’ mine borer heads for Indaba unveiling
Photo by Duane Daws
Danie Pretorius

BHP second-quarter iron-ore output up 3%, maintains forecast

By: Reuters     18th January 2018 Global miner BHP on Thursday reported a 3% rise in second-quarter iron-ore production year over year and said it expects to meet its full-year target as prices for the steelmaking ingredient outperform forecasts. BHP's iron-ore output climbed to 72-million tonnes for the three months ended... 

BHP second-quarter iron-ore output up 3%, maintains forecast

Canadian miners welcome new federal business ethics ombudsman

By: Henry Lazenby     18th January 2018 Canada’s Liberal government has introduced a new federally mandated Ombudsman for Responsible Enterprise (CORE) to investigate human rights complaints about the overseas operations of Canadian companies. The watchdog will investigate complaints and, if warranted, will make recommendations to... 

Canadian miners welcome new federal business ethics ombudsman

DRA expands Asia-Pacific footprint

By: Martin Creamer     17th January 2018 Global engineering, project delivery, contract operations specialist and asset management group DRA’s acquisition of Perth-based Minnovo expands its Australian footprint and adds depth to its metallurgical, engineering, procurement, project management, construction and commissioning capabilities... 

DRA expands Asia-Pacific footprint
Photo by Duane Daws
DRA CEO Wray Carvelas

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... 

South32 boasts record manganese, aluminium production in December quarter
Photo by Bloomberg
South32 CEO Graham Kerr

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... 

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