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Lead News

Golden Minerals reports promising economics for Mexico project

By: Marleny Arnoldi     2nd April 2020 Colorado-based miner Golden Minerals has reported positive findings in a preliminary economic assessment (PEA) and updated mineral resource estimate for the Velardeña Properties, which is the company’s silver and gold project located in Durango state, Mexico. Engineering company Tetra Tech was... 

Central Asia Metals’ results demonstrate company’s ‘fundamental strength’

By: Simone Liedtke     1st April 2020 Copper, zinc and lead production and exploration company Central Asia Metals’ (CAML’s) results for the year ended December 31, demonstrate the “fundamental strength” of the business, which owns two low-cost base metals operations, one in Kazakhstan and the other in North Macedonia. CEO Nigel... 

Standard Bank meeting all capital and liquidity requirements 

By: Martin Creamer     1st April 2020 Capital and liquidity requirements across all the markets in which it operates are continuing to be met, Standard Bank Group FD Dr Arno Daehnke said during an investor call. Daehnke disclosed that the bank was benefitting from building up increased capital levels over the last few years in line... 

Standard Bank meeting all capital and liquidity requirements
Sim Tshabalala

Covid-19 prompts Glencore to defer cash distribution, reinforce liquidity 

By: Martin Creamer     31st March 2020 The coronavirus pandemic has prompted global diversified mining and marketing company Glencore to defer its proposed $2.6-billion distribution of cash and reinforce its $10.1- billion liquidity through the refinancing and extension of revolving credit facilities on the same commercial terms as... 

Covid-19 prompts Glencore to defer cash distribution, reinforce liquidity
Ivan Glasenberg

Mining could be enormous post-virus stabiliser – Minerals Council

By: Martin Creamer     29th March 2020 The mining industry could be an enormous asset in stabilising and growing the economy post the coronavirus crisis – but the right economic and regulatory circumstances would have to prevail, Minerals Council South Africa stated in a weekend media release. Post coronavirus, South Africa would... 

Jubilee confident the group will withstand Covid-19 disruption

By: Simone Liedtke     26th March 2020 Aim- and AltX-listed Jubilee Metals says it has a “robust business model” and is, therefore, confident that the group will be able to withstand the disruption caused by the spread of the Covid-19 virus across the globe. In anticipation of this disruption, Jubilee says it has already taken... 

ScoZinc raises C$500 000 to support Scotia mine’s prefeasibility study

By: Marleny Arnoldi     23rd March 2020 TSX-V-listed ScoZinc Mining plans to raise C$500 000 in a nonbrokered private placement. The offer consists of the sale of up to 1.25-million shares at a price of C$0.40 apiece, coupled with a warrant to purchase additional shares at a price of C$0.55 apiece.  

ScoZinc raises C$500 000 to support Scotia mine’s prefeasibility study

Aurelia completes A$53m plant upgrade

By: Esmarie Iannucci     11th March 2020 Diversified metals miner Aurelia Metals has completed the commissioning of a A$53-million upgrade to its Peak ore processing circuit, in New South Wales. The ASX-listed Aurelia said on Wednesday that the Peak process plant now had the flexibility to produce gold dore and separate copper, lead... 

Shipment delays out of China not affecting Vast’s Romania project

By: Creamer Media Reporter      10th March 2020 Aim-listed mining company Vast Resources on Tuesday confirmed that its initial shipment of equipment for the Baita Plai mine was not affected by shipment restrictions in China and that it would depart next week. The first shipment is currently being loaded and will depart for Romania on March... 

Shipment delays out of China not affecting Vast’s Romania project

China warns metals firms not to race back from virus

By: Reuters     6th March 2020 China's Industry Ministry said on Friday metals firms should not seek to ramp up production at all costs and should "avoid vicious competition" with one another as they return to work in the wake of the coronavirus outbreak. Industrial production in China, the world's biggest metals consumer,... 

Bear Creek Mining engages lead arrangers for $400m facility

By: Creamer Media Reporter      3rd March 2020 Vancouver-headquartered Bear Creek Mining has engaged BNP Paribas and Société Générale as joint lead arrangers for a $400-million senior secured credit facility, which it plans to use for the fully permitted, Corani silver/lead/zinc project in Peru. “The BNP Paribas and Société Générale mining... 

Yukon and First Nation road agreement a ‘major step’ forward for Macmillan Pass

By: Mariaan Webb     3rd March 2020 TSX-V-listed Fireweed Zinc has hailed the agreement about road upgrades that the Yukon government and the Ross River Dena Council (RRDC) First Nation reached as a “major step” forward towards the eventual development of the Macmillan Pass zinc, lead and silver project. The agreement centres on... 

Yukon and First Nation road agreement a ‘major step’ forward for Macmillan Pass

Coeur to reposition Silvertip, operations suspended

By: Mariaan Webb     21st February 2020 NYSE-listed precious metals miner Coeur has temporarily suspended operating activities at its Silvertip zinc/lead/silver mine, in British Columbia, Canada, as the mine struggles to generate positive cash flow amid deteriorating zinc and lead markets. Silvertip, which represents about 6% of... 

Coeur to reposition Silvertip, operations suspended

Vedanta sets sights on zinc, silver, iron-ore output growth 

By: Kim Cloete     12th February 2020 CAPE TOWN (miningweekly.com) – Natural resources company Vedanta Resources is aiming to become the world's biggest producer of zinc, as well as to double its production of silver and increase its iron-ore output from 10-million to 15-million tonnes a year.  Vedanta has a presence in steel,... 

Vedanta sets sights on zinc, silver, iron-ore output growth
Vedanta Resources executives tell Mining Weekly correspondent Kim Cloete about the group's growth plans and its corporate social investment initiatives. Video and editing: Nicholas Boyd.

ScoZinc expects upcoming PFS to improve past Scotia assessments

By: Creamer Media Reporter      11th February 2020 TSX-V-listed explorer and developer ScoZinc is hopeful that when it announces the results of a prefeasibility study (PFS) for the idled Scotia mine, near Halifax, it will be an improvement on past assessments. The company confidence levels are boosted by the recent doubling of the mineral... 

Silvercorp's third-quarter profits fall on foreign exchange loss, lower prices

By: Creamer Media Reporter      7th February 2020 Canadian miner Silvercorp, which produces silver, gold, lead and zinc from its mines in China, reported income attributable to equity shareholders of $6.3-million, or $0.04 a share for the quarter ended December 31 – the third quarter of its 2020 financial year. This was lower than income... 

Nigeria sets ambitious target for mining sector growth

By: Reuters     6th February 2020 Nigeria expects its mining sector to grow to 3% of gross domestic product (GDP) within the next five years from just 0.3% currently as the government seeks to diversify the economy away from oil, the minister for mines and steel development said on Wednesday. Nigeria has been trying to boost the... 

Seabed mining faces major challenges

By: Rebecca Campbell     31st January 2020 Data analytics and consultancy company GlobalData has warned that deep ocean mining faces serious difficulties. In a report it issued recently, it warned that attempts to mine the seabed at such depths were both technically difficult and controversial.  

China-focused Silvercorp extends holiday shutdown

By: Creamer Media Reporter      30th January 2020 Canadian mining company Silvercorp, which produces silver, lead and zinc metals in concentrates from mines in China, is taking an extended holiday season, in line with the Chinese central government’s efforts to contain the spread of the coronavirus. Silvercorp’s production was suspended on... 

Alianza partners with Coeur in Yukon

By: Creamer Media Reporter      27th January 2020 Explorer Alianza Minerals is bringing on board NYSE-listed Coeur Mining to take the road-accessible Tim property, in southern Yukon Territory, forward. The property is located 12 km south of Coeur’s Silvertip mine.  

Bluejay prepares for ‘highly active’ year in Greenland

By: Creamer Media Reporter      27th January 2020 Greenland-focused Bluejay Mining is preparing for a “highly active” year ahead, as it plans for a maiden drilling campaign at its newly enlarged Kangerluarsuk zinc/lead/silver project, while work continues at the advanced Dundas ilmenite project and the Disko-Nussauq project. Bluejay CEO... 

World risks 'disaster' as reuse of natural resources declines

By: Reuters     21st January 2020 The proportion of raw materials the world is reusing has fallen, researchers said on Tuesday, warning of a "global disaster" as annual consumption of natural resources rose to 100-billion tonnes for the first time. Just 8.6% of the 100-billion tonnes of materials – including minerals, metals,... 

Strong quarter for NQ Minerals’ Australia project

By: Simone Liedtke     13th January 2020 LSE-listed NQ Minerals on Monday said that its flagship Hellyer gold mine, in Australia, had experienced improved operating conditions and metallurgical recoveries across its fourth quarter. During the quarter, unaudited gross revenues amounted to A$15.5-million, gross profits were A$7.4-million... 

‘Technical’ year ahead for Central Asia Metals as it moves to cut, fill mining

By: Marleny Arnoldi     9th January 2020 Aim-listed Central Asia Metals (CAML) managed to exceed its yearly guidance at the Kounrad copper recovery plant, in Kazakhstan, producing 13 771 t in 2019. This while production at the Sasa mine, in north Macedonia, reached the top end of the guidance range at 23 360 t zinc and 29 201 t lead.  

Water around Rio Tinto's Madagascar mine is high in lead, uranium - study

By: Reuters     20th December 2019 Water downstream of a Rio Tinto mine in southern Madagascar contains high concentrations of uranium and lead, potentially endangering local residents who depend on a nearby lake and river for drinking water, a study released on Friday found. Lead, when ingested, can impede the mental and... 

Baita Plai cold commissioning gets under way

By: Mariaan Webb     16th December 2019 Aim-listed mining company Vast Resources has started the cold commissioning of tis Baita Plai polymetallic mine, in Romania, with initial trail mining expected to be carried out shortly. The current cold commissioning capacity is up to 7 000 t/m and will be progressively ramped up 14 000 t/m in... 

Baita Plai cold commissioning gets under way

Anglesey continues to believe in Parys Mountain

By: Creamer Media Reporter      13th December 2019 Work on mine planning and project optimisation is continuing at the Parys Mountain zinc, copper, lead project, in Wales, and project owner Anglesey Mining continues to believe that the mine could be company changing. Irish mining contractor QME is carrying out an agreed programme of design,... 

Anglesey continues to believe in Parys Mountain

Base metals fundamentally in good shape despite lower demand – Glencore

By: Martin Creamer     3rd December 2019 Despite weaker 2019 demand, base metals are fundamentally in good shape, Glencore CEO Ivan Glasenberg said on Tuesday. Presenting an investor update with Glencore CFO Steve Kalmin and Glencore industrial assets head Peter Freyberg, Glasenberg described copper, zinc and nickel markets as being... 

Base metals fundamentally in good shape despite lower demand – Glencore
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Consolidated Zinc to manage own mine in Mexico

By: Creamer Media Reporter      3rd December 2019 The Plomosas zinc/lead/silver mine, in Mexico, will move to an owner-operated mining operation, after ASX-listed Consolidated Zinc terminated the mining contractor, citing “significant deficiencies” in its performance. The company believes that bringing mining contracting services in-house will... 

Solar reducing electricity costs, lowering diesel use   

By: Martin Creamer     20th November 2019 Solar power is playing a major role in reducing daytime electricity bills and lowering diesel use in off-grid diesel consuming areas, says SunRanch.Solar, whose clients are benefiting from below grid power costs and major diesel savings. “We reduce people’s daytime power costs by 60% to 70%,”... 

Solar reducing electricity costs, lowering diesel use
SunRanch.Solar talks to Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd

Qld opens applications for Mt Isa rail line incentive

By: Esmarie Iannucci     19th November 2019 Mineral freight exporters in Queensland are now able to apply for the A$80-million Mt Isa Line incentive, after the Queensland government released guidelines and application forms. Premier Annastacia Palaszczuk said that the four-year Mount Isa Line subsidy would support the growth of the mining... 

Europa starts additional drilling at Toral

By: Mariaan Webb     15th November 2019 Lead, zinc and silver developer Europa Metals is starting a further diamond drilling campaign at its Toral zinc, lead, silver project, in Spain, focusing on a target area to the west of the current indicated resource within the existing inferred zone. The drilling programme, along with... 

Glencore Canada to shut Brunswick smelter, union laments 'devasting blow'

By: Creamer Media Reporter      13th November 2019 The Canadian unit of global mining and commodities trader Glencore on Wednesday announced the permanent closure of the Brunswick lead smelter, which it said had become uneconomic after the closure of the Brunswick mine in 2013. The company said that the decommissioning process would begin... 

Glencore Canada to shut Brunswick smelter, union laments 'devasting blow'

Vast appoints new FD

By: Creamer Media Reporter      11th November 2019 Aim-listed Vast Resources has appointed Paul Fletcher FD with immediate effect. He has been CFO of the company since February. 

Europa Metals formalises stakeholder engagement

By: Creamer Media Reporter      1st November 2019 Europe-focused lead, zinc and silver developer Europa Metals has completed the first round of engagement meetings with representatives of local mayors in the region of Castilla y León, north-west Spain, where the Toral project is located. The stakeholder consultation initiative, stipulated by... 

Namibia Critical Metals unaware of reason for stock jump

By: Mariaan Webb     30th October 2019 TSX-V-listed Namibia Critical Metals has said that it is unaware of any material change in the company’s operations that could account for the 80% jump in its share price on Tuesday. The Halifax-headquartered junior holds a portfolio of exploration and advanced-stage projects in Namibia,... 

Metals sector in costly battle to turn green

By: Reuters     25th October 2019 Metals producers, from miners to smelters, are grappling with increasingly tough and costly environmental demands imposed by banks seeking cleaner investments. While the transition may prove overwhelming for smaller producers, larger companies are playing a long game, casting ahead to a period... 

Lundin tightens guidance range, says Chile mine not affected by unrest

By: Mariaan Webb     24th October 2019 Toronto-headquartered Lundin Mining has improved its guidance for 2019, tightening the lower end of the production range for copper and zinc, as well as lowering the operating cost guidance for the Chapada and Neves-Corvo mines. The revised copper guidance for the year is a range of 227 000 t to... 

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