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Activities restart at New Century’s port facility

By: Creamer Media Reporter      19th September 2018 Queensland miner New Century Resources has started stockpiling zinc concentrate in its 80 000 t storage shed at the Karumba port, paving the way for exports to start and first revenue to be received this month. “The successful refurbishment and restart of activities at New Century’s port... 

New Century brings new life to former Queensland mine

By: Mariaan Webb     14th September 2018 Praise is pouring in for New Century Resources’ zinc tailings project at a former mine site north-west of Mount Isa, Queensland, with Mines Minister Anthony Lynham declaring it an “exciting new approach” and Queensland Resources Council CEO Ian Macfarlane labelling the project “ingenious”. The... 

New Century starts slurry movement

By: Esmarie Iannucci     11th September 2018 Based metals miner New Century Resources has started pumping zinc concentrate along the slurry pipeline to its port facility in Karumba. The company on Tuesday said that the operation of the slurry pipeline was another important milestone for New Century, with the saleable zinc concentrate... 

New Century raises funds to fast-track expansions

By: Esmarie Iannucci     3rd September 2018 Zinc producer New Century Resources has secured a A$40-million debt facility with National Australia Bank (NAB) to fast track the expansion of its Century zinc mine, in Queensland. The two-year facility will have a 5.25% a year interest rate, New Century reported on Monday. 

Lead shortages, seasonally strong demand suggest possible price revival

By: Reuters     14th August 2018 Global trade disputes and political tensions have sent prices of battery metal lead to 14-month lows but tight supplies, shortages and seasonally strong demand for the coming northern winter suggest a possible change of tack. The possibility of protracted trade tensions between the United States... 

Century produces first zinc concentrate

By: Esmarie Iannucci     13th August 2018 The Century zinc mine, in Queensland, has produced its first zinc concentrate, owner New Century Resources reported. The company on Monday said that the start of tailings slurry flotation at Century presented an important milestone, demonstrating the initial proof of concept for the large-scale... 

Mining starts at Century

By: Esmarie Iannucci     9th August 2018 Hydraulic mining operations have started at the Century zinc mine, in Queensland. “This is a fantastic achievement by the New Century team and our business partners to deliver the restart of operations at Century both on time and budget,” said ASX-listed New Century Resources MD Patrick Walta on... 

New Century sets August start date

By: Esmarie Iannucci     12th July 2018 The Century zinc mine, in Queensland, is on track to start production in August this year, ASX-listed New Century Resources said on Thursday. The company has completed the commissioning of the slurry concentrate pipeline, which is now filled and ready to receive first concentrate. 

Cimic wins A$100m contract at Century mine

By: Esmarie Iannucci     28th May 2018 Project house Cimic Group’s mineral processing company Sedgman has been awarded a five-year, A$100-million operations and maintenance contract at the Century zinc mine, in Queensland. Sedgman will be responsible for operating and maintaining the Lawn Hill processing plant, concentrate pipeline... 

Stable first-quarter results for zinc, lead

By: Nadine James     25th May 2018 The first quarter of 2018 (Q1) saw marginal increases in demand and supply of both zinc and lead metal, according to a report compiled by the International Lead and Zinc Study Group (ILZSG). In the report, released last week, the organisation noted that demand for refined zinc metal increased by... 

Dredging starts at Karumba port

By: Esmarie Iannucci     14th May 2018 Annual dredging has restarted at the port of Karumba, as part of ASX-listed New Century Resources’ restart of the Century zinc mine, in Queensland. The 2018 dredging programme would see New Century invest A$6.8-million in the first dredging activities to be undertaken at Karumba since early... 

New Century raises A$40m for mine restart

By: Esmarie Iannucci     30th April 2018 Zinc developer New Century Resources was hoping to raise A$40-million through an institutional share placement to fund the restart of the Century mine, in Queensland. Century will place some 36.3-million new shares, priced at A$1.15 each, to institutional investors. The offer price was a 9.1%... 

Century sells more zinc

By: Esmarie Iannucci     24th April 2018 Base metals developer New Century Resources has reported another offtake contract over its Century zinc mine, in Queensland, this time with commodity trader Concord Resources. New Century told shareholders on Tuesday that the Concord offtake represented around 5% of the production from Century’s... 

Century inks another offtake at zinc mine

By: Esmarie Iannucci     23rd April 2018 Base metals developer New Century Resources has inked a long-term zinc offtake agreement at its Century zinc mine, in Queensland. The company on Monday said that the offtake agreement signed with commodity trader MRI Trading also included a $15-million unsecured debt facility, which will be used... 

New Century Resources appoints EPC contractor for zinc plant

By: Megan van Wyngaardt     5th March 2018 ASX-listed New Century Resources has contracted Sedgman as its engineering, procurement and construction (EPC) contractor, while selecting Ausenco as preferred bidder for the complete refurbishment and commissioning of operations associated with the Century zinc processing plant, slurry pipeline... 

New Century and Nyrstar agree binding offtake term sheet

By: Mariaan Webb     26th February 2018 Belgium’s Nyrstar plans to suspend arbitration proceedings against Australia’s New Century Resources after the parties agreed to a binding term sheet for five-and-a-half years of zinc concentrate offtake. In a joint statement issued on Monday, New Century and Nyrstar said that the term sheet... 

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,... 

Century mine's environmental approval amended

By: Esmarie Iannucci     8th November 2017 The Queensland government has issued ASX-listed New Century Resources with an amended environmental authority for its Century zinc mine, allowing progressive economic rehabilitation activities. The amendments allowed for tailings to be relocated back to the original Century openpit, and to be... 

New Century raises A$53m for zinc mine restart

By: Esmarie Iannucci     3rd November 2017 ASX-listed zinc developer New Century Resources will raise A$52.9-million through a share placement to progress the restart of its Century zinc mine, in Queensland. The company will place some 44-million new shares to institutional and sophisticated investors, priced at A$1.20 each, to raise the... 

New Century secures $45m to reopen Qld zinc mine

By: Esmarie Iannucci     11th October 2017 Base metals developer New Century Resources has secured a $45-million debt facility to fund the restart of its Century zinc mine, in Queensland. The debt facility, secured from global resources fund Sprott Resource Lending, will have a 10% a year interest on a three-year fixed term. 

New Century takes full ownership of Qld mine

By: Esmarie Iannucci     2nd October 2017 Base metals hopeful New Century Resources has moved to take full ownership of the Century Zinc mine, in Queensland. The junior company on Monday said that it would acquire the remaining 30% interest in the project by acquiring privately owned Century Bull, which holds not only an interest in the... 

Century zinc mine still has life

By: Esmarie Iannucci     4th August 2017 Results from an optimisation study at the Century zinc mine, in Queensland, has confirmed a recovery range of between 60% and 64% for the proposed tailings project. ASX-listed New Century Resources is currently investigating a restart feasibility study to recommission the existing... 

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