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Lead News

Test mine study under way for Fourth Industrial Revolution try-outs  

By: Martin Creamer     24th February 2021 A feasibility study is under way on a mine selected for the testing of Fourth Industrial Revolution (4IR) technologies ahead of their implementation, Minerals Council South Africa senior executive modernisation and safety Sietse van der Woude said on Wednesday. Van der Woude was answering... 

The fight to save the LME ring begins as traders warn on pricing

By: Reuters     24th February 2021 The London Metal Exchange is facing broadening resistance to a plan to close its iconic open-outcry trading floor, with German traders and manufacturers joining some members to warn that closing “the Ring” would hurt pricing and volumes. The LME suspended trading on the floor in March, and last... 

Nagle expresses firm belief in Glencore’s coal-depleting climate change strategy 

By: Martin Creamer     16th February 2021 Firm belief in the climate change strategy being embarked upon by diversified mining and marketing company Glencore was expressed on Tuesday by incoming Glencore CEO Gary Nagle, Outgoing Glencore CEO Ivan Glasenberg announced in December that he would be handing over the reins of the global... 

Nagle expresses firm belief in Glencore’s coal-depleting climate change strategy
Gary Nagle

Fitch Solutions raises lead price forecast

By: Donna Slater     8th February 2021 Amid improving market fundamentals, financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) has revised its 2021 lead price forecast upwards to an average of $1 950/t from its previous forecast of $1 900/t. The firm notes... 

Mining has a role to play in supporting the global population, says Cutifani

By: Simone Liedtke     3rd February 2021 The global human population – almost nine-billion people – cannot be supported without mining, diversified miner Anglo American CE Mark Cutifani said during a panel discussion at the virtual Investing in African Mining Indaba on February 2. Speaking during an environmental, social and governance-... 

‘We need exploration to grow our industry’ – Minerals Council  

By: Martin Creamer     1st February 2021 “We need exploration to grow our industry,” Minerals Council South Africa president Mxolisi Mgojo said on Monday during a virtual State of the Mining Nation media briefing in which he described exploration as one of the low-hanging fruits that could change South Africa’s economic trajectory in... 

‘We need exploration to grow our industry’ – Minerals Council
Minerals Council South Africa media brief reporting by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Trevali to restart New Brunswick zinc mine

By: Donna Slater     18th January 2021 Having been on care and maintenance since March 2020, TSX-listed base metals miner Trevali Mining has announced the planned restart of operations at its Caribou mine near Bathurst, New Brunswick. The investment to restart the operation for the period January to February is estimated to be about... 

Trevali to restart New Brunswick zinc mine

Hecla achieves its second highest silver production ever

By: Simone Liedtke     14th January 2021 NYSE-listed Hecla Mining produced 13.5-million ounces of silver in 2020 – an increase of 7% and the second highest production in the company’s history, with the highest production being in 2016. Gold production fell by 23% to 208 962 oz from the 2019 record, owing to lower output at the Nevada... 

UK base metals project has potential to be a serious development – Anglesey CEO

By: Mariaan Webb     11th January 2021 The Parys Mountain base metals project, in north Wales, has the potential to be a “major” mining operation, able to produce copper, zinc, lead and gold concentrates at a cost that will allow it to withstand industry cycles, Anglesey Mining CEO Bill Hooley said on Monday. Announcing the results of... 

UK base metals project has potential to be a serious development – Anglesey CEO

Buchans enters into collaboration agreement with Boliden Mineral for Newfoundland project

By: Donna Slater     6th January 2021 Swedish high-tech metal producer Buchans Resources has entered into a collaboration agreement with Boliden Mineral, which will evaluate Buchans' volganogenic massive sulphide (VMS) base metals property in Newfoundland, Canada, for possible future investment and participation. Boliden Mineral is... 

Glencore enters partnership with Tre-Altamira to expand satellite monitoring across its TSFs

By: Creamer Media Reporter      15th December 2020 Diversified miner Glencore has entered into an agreement with commercial services provider Tre-Altamira to expand satellite monitoring to more than 110 of its tailings dams worldwide, which Glencore says is the largest industry monitoring agreement to date specifically focusing on tailings... 

Steps South Africa needs to take to attract global exploration investment 

By: Martin Creamer     10th December 2020 Countries wanting to attract exploration investment need readily available geophysics data to offer to prospective investors. “Geophysics is now key to the exploration industry, particularly for metalliferous-type deposits, which have the largest value,” Exploration Geological Consultancy MD... 

Steps South Africa needs to take to attract global exploration investment
Photo by Creamer Media
Exploration Geological Consultancy MD Regina Molloy

Partnership aims to make Matagami central to mining development

By: Creamer Media Reporter      9th December 2020 The James Bay Native Development Corporation/Cree Development Corporation, the James Bay Development Corporation, the Société du Plan Nord and the Town of Matagami on Tuesday signed a memorandum of understanding to deliver strategic infrastructure aimed at ensuring the vitality of Matagami and... 

Vedanta's Gamsberg mine stays shut as search continues for trapped worker 

By: Reuters     4th December 2020 South Africa's Gamsberg zinc mine remains shut while owner Vedanta Zinc International (VZI) continues to search for a worker trapped underground following a rockfall on November 17, the company said on Friday. "The rescue and recovery team are working hard on ensuring the operation is... 

Retiring Glasenberg handing over Glencore reins to Gary Nagle  

By: Martin Creamer     4th December 2020 Glencore CEO Ivan Glasenberg announced on Friday that he would be handing over the reins of the global mining and marketing company in mid-2021 to top Glencore executive Gary Nagle, who has served the company for more than two decades and is well-known in South Africa, where he ran Glencore’s... 

Retiring Glasenberg handing over Glencore reins to Gary Nagle
Gary Nagle, who will be taking over in mid-2021 from retiring Ivan Glasenberg, who has served Glencore with distinction.

Glencore spells out emission-reduction pathway to 2050 

By: Martin Creamer     4th December 2020 Diversified mining and marketing company Glencore on Friday announced its ambition to be a net-zero emissions company by 2050. Glencore set out the pathway towards reducing its total emissions footprint by 40% by 2035, taking in Scope 1, 2 and 3. 

Glencore spells out emission-reduction pathway to 2050
Photo by Bloomberg
Ivan Glasenberg, who is handing Glencore reins to Gary Nagle.

Lead hits 1-year high on mine disruption but oversupply looms

By: Reuters     2nd December 2020 Mine disruptions have helped lead prices rally to one-year highs but plunging imports of the metal in top consumer China will mean an oversupplied market that will cap further gains despite sustained demand from the battery sector. Also contributing to lead's 20% rise since the middle of October... 

Alexco commissions Keno Hill mill

By: Creamer Media Reporter      27th November 2020 Dual-listed Alexco Resources has commissioned the Keno Hill mill, in Yukon, marking a significant milestone on its journey towards establishing the company as Canada’s only primary silver producer. The Keno Hill district mill resumed production, with lead/silver and zinc concentrates The... 

Coal mine on point of turning acid mine drainage into potable water at no cost  

By: Martin Creamer     23rd November 2020 An Mpumalanga coal mine is on the point of entering into an agreement before year-end to have its acid mine drainage water curse turned into potable water at no cost, Mining Weekly can today report. Recovered potassium nitrate, which retails at about R15 000/t and which is marketed at about R11... 

Coal mine on point of turning acid mine drainage into potable water at no cost
Trailblazer Technologies director John Bewsey interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Sierra announces expansion plans for Yauricocha

By: Mariaan Webb     19th November 2020 TSX- and NYSE American-listed Sierra Metals has announced the results of a preliminary economic assessment (PEA) looking at the expansion of its Yauricocha mine, in Peru, and has said that it is also considering growth options at the Cusi mine, in Mexico. At Yauricocha, Sierra has considering... 

Sierra announces expansion plans for Yauricocha

New Toral study significantly expands production

By: Mariaan Webb     18th November 2020 The Toral lead/zinc project, in north-west Spain, could be a significantly larger operation than previously contemplated, with a new independent study pegging its production rate at 700 000 t/y. This compares with a previous scoping study design of 450 000 t/y. The 700 000 t/y operation is... 

New Toral study significantly expands production

CAML board recommends interim dividend

By: Mariaan Webb     11th November 2020 The board of Central Asia Metals Limited (CAML) has recommended a 6p a share interim dividend, which will be paid on December 11. The London-listed company previously deferred a decision on an interim dividend, after the leakage from its Sasa tailings storage facility 4 (TSF4) in North Macedonia. 

CAML board recommends interim dividend

Exploration is priority, says Mineral Resources Minister Gwede Mantashe  

By: Martin Creamer     3rd November 2020 South Africa should be an exploration site that contributes to gross domestic product growth and employment creation. “Exploration is the way to go and a priority,” Mineral Resources and Energy Minister Gwede Mantashe told the 2020 Junior Indaba in his keynote address on Tuesday. (Also watch... 

Exploration is priority, says Mineral Resources Minister Gwede Mantashe
The Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Flow-through must not only incentivise exploration but also market participation – Miller 

By: Martin Creamer     2nd November 2020 A flow-through share scheme tax incentive, currently under consideration for South Africa, must serve to incentivise not only exploration but also public listed market development and market participation by a diversity of investors. Mining supply sales consultancy AmaranthCX director Paul Miller... 

Flow-through must not only incentivise exploration but also market participation – Miller
Photo by Creamer Media
Mining supply sales consultancy AmaranthCX director Paul Miller

Anglo American CEO says not responsible for lead poisoning in Zambia

By: Reuters     30th October 2020 Anglo American CE Mark Cutifani said on Friday it was not responsible for lead poisoning at a Zambian lead mine it part-owned nearly 50 years ago and planned to defend itself after a class action was filed against the miner. The class action suit was filed last week by South African law firm... 

Newmont increases quarterly dividend by 60% to $0.40 a share

By: Creamer Media Reporter      29th October 2020 NYSE- and TSX-listed Newmont Corporation has declared a quarterly dividend of $0.40 a share for the third quarter. The dividend, payable on December 28, represents a 60% increase compared with the prior quarterly dividend of $0.25 a share. 

Boliden reports healthy third-quarter output, financial performance

By: Marleny Arnoldi     28th October 2020 Swiss miner Boliden says its milled production volumes during the third quarter remained on par with that of the second quarter of the year, but came in higher than that of the prior year's third quarter. The company reported an operating profit of SEK2.2-billion for the quarter ended September... 

Brixton Metals, HPX enter into $44.5m earn-in agreement over Hog Heaven project

By: Creamer Media Reporter      28th October 2020 Canadian exploration and development company Brixton Metals has entered into a binding heads of agreement with High Power Exploration (HPX), a mineral exploration and development company led by chairperson and CEO Robert Friedland, with respect to a $44.5-million earn-in and joint venture on... 

Hopes rise as top firms arrive at potential flow-through share model to stimulate mining exploration  

By: Martin Creamer     27th October 2020 A flow-through share model has been drawn up with the help of top firms to stimulate badly neglected mining exploration in South Africa, Minerals Council South Africa junior and emerging miners leadership forum chairperson Errol Smart said on Tuesday. Speaking to Mining Weekly in a Zoom... 

Hopes rise as top firms arrive at potential flow-through share model to stimulate mining exploration
Minerals Council South Africa Junior Miners’ Forum Chairperson Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Covid has highlighted the value of operating remotely – mining editor 

By: Martin Creamer     22nd October 2020 The extraction of data from machinery to improve decision-making is a key benefit of the digital mine and has changed the way that mines manage their assets and perform machine maintenance, Australia Mining managing editor Ben Creagh said on Wednesday. Creagh was speaking during a virtual... 

Covid has highlighted the value of operating remotely – mining editor
ifm Australia’s Freddie Coertze and Aditya Kunder.

Anglo stands ready to defend itself in lawsuit over lead poisoning in Zambia  

By: Marleny Arnoldi     21st October 2020 Anglo American South Africa has noted a class action lawsuit filed against it by Mbuyisa Moleele Attorneys and Leigh Day in the Gauteng High Court, related to lead poisoning claims stemming from the Kabwe mine, in Zambia. The lawyers filed the lawsuit on behalf of a class estimated to comprise... 

Atalaya buys polymetallic project near Riotinto mine

By: Mariaan Webb     21st October 2020 London-listed Atalaya Mining on Wednesday announced the acquisition of a polymetallic project about 28 km from its Proyecto Riotinto mine, in Spain. Atalaya will pay €1.4-million cash for the Masa Valverde project, located in Huelva. 

Mining committed to doing all it takes to improve worker health – Matlala 

By: Martin Creamer     15th October 2020 Minerals Council South Africa VP and Masoyise Health Programme chairperson Zanele Matlala on Thursday committed the South African mining industry to doing all it takes to ensure that employee lives are saved and health is improved. Speaking at a global virtual health seminar to reprioritise... 

Mining committed to doing all it takes to improve worker health – Matlala
Photo by Creamer Media
Minerals Council South Africa VP and Masoyise Health Programme chairperson Zanele Matlala

Mining majors must convince investors of need to replace value – Sir Mick Davis  

By: Martin Creamer     8th October 2020 Major mining companies need to convince investors of the crucial need to replace the value that they are taking out of the ground, mining luminary Sir Mick Davis said on Thursday. “Every single day that they take something out of the ground, that value disappears forever, and unless you do... 

Mining majors must convince investors of need to replace value – Sir Mick Davis
Mining Weekly’s Martin Creamer reports on Sir Mick Davis at Joburg Indaba. Video: Darlene Creamer

Exploration strategy in three months, hydrogen under scrutiny – DMRE  

By: Martin Creamer     8th October 2020 A comprehensive exploration strategy will be developed in the next three months and engagement on the potential of the platinum group metals-linked hydrogen economy is taking place, Department of Mineral Resources and Energy director-general Advocate Thabo Mokoena said on Thursday. In a keynote... 

Exploration strategy in three months, hydrogen under scrutiny – DMRE
Mining Weekly’s Martin Creamer reporting on DMRE DG Advocate Thabo Mokoena. Video: Darlene Creamer.

CAML increases its 2020 copper guidance

By: Mariaan Webb     8th October 2020 Following a challenging month with the incident at the Sasa TSF4 in North Macedonia, Central Asia Metals Limited (CAML) CEO Nigel Robinson had some upbeat news for shareholders on Thursday – the company expects its zinc and lead production to meet its original guidance and its copper production... 

CAML increases its 2020 copper guidance
The Kounrad operation in Kazakhstan

Flow-through must form part of overall exploration strategy – Minerals Council  

By: Martin Creamer     7th October 2020 The introduction of a flow-through share scheme must form part of a full suite and package of measures tailored for a comprehensive exploration strategy for South Africa, Minerals Council South Africa CEO Roger Baxter said on Wednesday. Speaking during question time on day one of the Joburg... 

Flow-through must form part of overall exploration strategy – Minerals Council
Mining Weekly’s Martin Creamer putting a question at Joburg Indaba. Video: Darlene Creamer.

Hydrogen can be game-changer for South African economy ­– PwC  

By: Martin Creamer     6th October 2020 Hydrogen has the potential to be a game-changer for the South African economy, PwC African mining leader Andries Rossouw said on Tuesday. Speaking during the virtual release of the professional services firm’s 12th edition SA Mine, a series of publications that highlights trends in the South... 

Hydrogen can be game-changer for South African economy ­– PwC
Mining Weekly’s Martin Creamer reports on PwC SA Mine 2020 event. Video: Darlene Creamer
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