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Lead News

Deficit feeds lead's rally, but surplus on the horizon

By: Reuters     18th October 2019 Unexpected shortages of lead due to supply disruptions have helped prices of the car battery metal to outperform other metals such as copper, aluminium and zinc, but looming surpluses mean this trend is unlikely to persist. Benchmark lead on the London Metal Exchange at around $2 200/t is up... 

African lender eyes unloved neighborhoods in mining drive

By: Bloomberg     18th October 2019 African Finance Corp (AFC) will invest in countries disregarded by other companies as part of a plan to double its exposure to the mining industry, the firm’s head of investments said. The Nigeria-based development-finance firm is mulling mining and refining opportunities in Mali, Burkina Faso,... 

SA moves to give new impetus to exploration, following years of stagnation 

By: Tracy Hancock     18th October 2019 The absence of new mining projects, owing to limited exploration, continues to weigh on the future sustainability of South Africa’s once thriving mining sector, which once captured a larger share of major mining budgets. “There is simply not enough investment in new mineral exploration to take... 

SA moves to give new impetus to exploration,  following years of stagnation
Mandela Mining Precinct co-director Alastair Macfarlane discusses an initiative under way to stimulate local exploration. Camera work: Kutlwano Matlala. Editing: Nicholas Boyd.

Beowulf ups Vadar ownership

By: Creamer Media Reporter      14th October 2019 Aim-listed Beowulf Mining has increased its ownership of Kosovo explorer Vardar Minerals from 37.6% to 40.1%. The company invested a further £115 000 in Vardar, following the board’s recent “excellent” visit to Kosovo, CEO Kurt Budge said on Monday. 

Rio Tinto and Minmetals look for copper, zinc and lead in China

By: Reuters     11th October 2019 Rio Tinto is looking for copper and zinc-lead deposits in four Chinese regions, including Xinjiang and Inner Mongolia, as part of an exploration venture with State-owned China Minmetals, a spokeswoman for the Anglo-Australian Miner said on Friday. The two companies set up a 50:50 joint venture... 

Encouraging outlook for Glencore, but there are threats – global consultancy

By: Rebecca Campbell     11th October 2019 Global major diversified natural resource group Glencore has a solid outlook for the next few years, because, among others things, of its diversified portfolio, its conservative financial policy and likely rising prices for the main metals and coal that it produces. But clouds on the horizon... 

Biodiversity, climate everyone’s issues – Environment Minister  

By: Martin Creamer     8th October 2019 South Africa is one of the world’s top three mega biodiverse nations along with Brazil and Indonesia, said Environment Forestry and Fisheries Minister Barbara Creecy in her address to the Oppenheimer Research Conference (ORC). “We are thus one of the richest countries in terms of the diversity of... 

Barbara Creecy
Environment, Forestry and Fisheries Minister Barbara Creecy ORC presentation by Mining Weekly's Martin Creamer. Camera Work: Darlene Creamer

Vast finalising $13.5m financing facility

By: Mariaan Webb     8th October 2019 Aim-listed mining company Vast Resources is in the process of finalising the documentation for a $13.5-million financing facility, it said on Tuesday. In an update to the market, the company said that a further announcement would be made “shortly”. 

Vast finalising $13.5m financing facility

Emerita gains on positive ruling in Spain

By: Creamer Media Reporter      7th October 2019 The share price of European exploration and project development company Emerita Resources rose sharply on the TSX-V on Friday, following a favourable ruling on the Aznalcóllar project appeal, in Spain. Five judges of the Appellate Court of Seville have unanimously ruled in favour of Emerita’s... 

Investment in climate-positive companies growing – Joburg Indaba  

By: Martin Creamer     7th October 2019 Asset managers globally have become the lightning rod of populist views in Western countries, with the conversation now dominated by climate-change issues within the environmental, social and governance (ESG) paradigm as well as what the prospective upheaval in the vehicle industry means for... 

Fiona Perrot-Humphrey, Sandy McGregor and Myuran Rajaratnam
Mining Weekly's Martin Creamer on Joburg Indaba climate discussion. Video Editing: Nicholas Boyd. Video: Kutlwano Matlala. Photo: Dylan Slater.

Environment government’s most important Ministry – Oppenheimer  

By: Martin Creamer     4th October 2019 The Environment Ministry is the most important ministry in the government, former mining luminary Nicky Oppenheimer said at this week’s tenth Oppenheimer Research Conference. “Environment is at the forefront of everybody’s mind, and we in South Africa are unbelievably blessed with the environment... 

Nicky Oppenheimer
Former mining luminary Nicky Oppenheimer covered by Mining Weekly’s Martin Creamer. Camera Work: Darlene Creamer. Photograph: Dylan Slater.

Global consultancy sees encouraging outlook for Glencore – but there are threats

By: Rebecca Campbell     3rd October 2019 Global major diversified natural resource group Glencore has a solid outlook for the next few years, because, among others things, of its diversified portfolio, its conservative financial policy and likely rising prices for the main metals and coal that it produces. But clouds on the horizon... 

Global consultancy sees encouraging outlook for Glencore – but there are threats

New technologies can make mining safer, sunrise industry – Mgojo  

By: Martin Creamer     2nd October 2019 The utilisation of new technologies could make mining a sunrise industry while simultaneously addressing safety and health issues, Minerals Council South Africa president Mxolisi Mgojo said on Wednesday. Responding to a question by Joburg Indaba chairperson Bernard Swanepoel following his keynote... 

Minerals Council South Africa president Mxolisi Mgojo.
Minerals Council South Africa president Mxolisi Mgojo’s address to Joburg Indaba covered by Mining Weekly’s Martin Creamer. Video Editing: Nicholas Boyd. Photograph: Dylan Slater. Video: Kutlwano Matlala.

Proudly South African anti-cable theft technology already deployed on 12 sites

By: Martin Creamer     30th September 2019 It has been said that entering the Elvey Security Technologies headquarters in the Greenstone Hill Office Park, in Modderfontein, Edenvale, is like boarding USS Enterprise on a Star Trek movie set. All the futuristic trappings are evident in this Hudaco company’s Pentagon demonstration room,... 

SOLVING A WORLDWIDE PROBLEM Hudaco executive director Louis Meiring (left) and Commercial ICT MD Brad Morein in futuristic demonstration room.
Photo by Creamer Media's Dylan Slater
SOLVING A WORLDWIDE PROBLEM Hudaco executive director Louis Meiring (left) and Commercial ICT MD Brad Morein in futuristic demonstration room.

First glimpse into Mining Indaba 2020 programme 

By: Martin Creamer     26th September 2019 The twenty-sixth Investing in African Mining Indaba – scheduled to take place in Cape Town from February 3 to 6 next year – will offer delegates new insight into issues facing Africa’s resources sector. “We’re building on the success of the 2019 Mining Indaba in terms of the high level of... 

Investing in African Mining Indaba.
Investing in African Mining Indaba.

Healthy pipeline of projects to support lead mine production for the next decade

By: Simone Liedtke     23rd September 2019 A healthy pipeline of projects over the next decade will support lead mine production growth, says research firm Fitch Solutions Macro Research, pointing out that the metal is often produced as a by-product of other metals, including zinc, silver and copper. Globally, the top four producers –... 

Electricity issues a major constraint on investment – Mantashe  

By: Esmarie Iannucci     4th September 2019 South Africa’s Mineral Resources and Energy Minister, Gwede Mantashe, has urged continued foreign investment into the country’s resources sector, saying that the government is actively working to address electricity issues, which have constrained economic growth. Speaking on the sidelines of... 

Mineral Resources and Energy Minister Gwede Mantashe at the Africa Downunder conference in Perth.
Mineral Resources and Energy Minister Gwede Mantashe at the Africa Downunder conference in Perth.

Partnership facilitates fossil-fuel-free future

30th August 2019 State-owned Swedish power utility Vattenfall and base metals mining company Boliden AB have signed a partnership agreement relating to technical development in the field of the electrification of mines and smelters, the circular economy and a fossil-fuel-free future. The agreement, which covers a... 

SUN BAKED
Vattenfall used not only solar but also wind and battery power too decrease mines reliance on fossil fuels
SUN BAKED Vattenfall used not only solar but also wind and battery power too decrease mines reliance on fossil fuels

Jubilee to start operating multimetal refinery in Zambia from fourth quarter

By: Marleny Arnoldi     23rd August 2019 Aim- and AltX-listed Jubilee Metals can now start implementing a fully integrated multimetal refinery, in Zambia, following its acquisition of the refinery owned by Sable Zinc. This has been a key milestone in the company’s strategy in the country.  

Platinum-linked hydrogen fuel cell vehicle roadmap needed – uYilo 

By: Martin Creamer     20th August 2019 A national roadmap for platinum-catalysed hydrogen fuel cell electric vehicles needs to be developed to complement the electric vehicle roadmap drawn up six years ago, says uYilo Electric Mobility director Hiten Parmar. uYilo is an initiative of the Technology Innovation Agency, a schedule 3A... 

Hiten Parmar
Hiten Parmar

Supplier progresses tech advancements

By: Theresa Bhowan-Rajah     16th August 2019 Chemical reagents supplier and distributor Axis House has made advancements in projects pertaining to base metals, platinum group metals and gold ores. Axis House supplies a large quantity of flotation collectors, which are used to separate minerals from waste rock, to Zambia and the Democratic... 

LATEST ADVANCEMENTS 
Axis House supplies large quantities of flotation collectors which are used in key regions with large base metal reserves
LATEST ADVANCEMENTS Axis House supplies large quantities of flotation collectors which are used in key regions with large base metal reserves

Europa submits conceptional plan for Spain project

By: Simone Liedtke     12th August 2019 Aim- and JSE-listed Europa Metals has formally submitted the initial documentation for obtaining an exploitation licence for its 100%-owned Toral lead/zinc/silver project, in Spain. The initial document contains a conceptual plan for the Toral project based on the findings of the scoping study. 

Nyrstar restarts Port Pirie lead smelter in Australia

By: Reuters     31st July 2019 Nyrstar has restarted production at its Port Pirie lead smelter in Australia, the Belgian-headquartered metals and mining company said on Thursday. The smelter halted output on May 28 due to an unplanned outage at the blast furnace. 

Optimisation work on north Wales mine project moving forward

By: Mariaan Webb     31st July 2019 Optimisation work to determine the optimum production plan for the Parys Mountain copper/lead/zinc project, on the island of Anglesey, north Wales, is moving steadily ahead, with results expected by the end of the year. The objective of the optimisation study, undertaken by QME at no cost to... 

Optimisation work on north Wales mine project moving forward

Teck’s quarterly profit down, adjusts steelmaking coal guidance

By: Mariaan Webb     25th July 2019 Diversified mining company Teck Resources on Thursday reported adjusted profit of C$459-million, or C$0.81 a share, in the June quarter, compared with C$653-million, or C$1.14 a share, in the same quarter of last year. Revenue increased from C$3.02-billion in the June 2018 quarter, to... 

Teck CEO Don Lindsay
Teck CEO Don Lindsay

SSR buys partner’s stake in Argentina mine

By: Creamer Media Reporter      23rd July 2019 Nasdaq- and TSX-listed silver miner SSR Mining will buy the remaining 25% shareholding in the Puna operation, in Argentina, from TSX-V-listed Golden Arrow Resources for $34-million. Upon closing of the transaction, SSR will own 100% of Puna – a joint venture that was formed through the... 

Force finds offtake for prospective Tshimpala

By: Esmarie Iannucci     17th July 2019 ASX-listed Force Commodities has signed a binding offtake agreement with Swiss-based Transamine Trading SA over the lead and silver production from its Tshimpala project, in Malawi. Under the terms of the agreement, Transamine would purchase all of the high-grade lead and silver produced from... 

Lead, zinc and copper markets all in deficit during first quarter of 2019

By: Nadine James     12th July 2019 Provisional data reported to the International Lead and Zinc Study Group (ILZSG) indicate that global refined lead metal demand exceeded supply by 39 000 t during the first four months of 2019, the organisation stated in a press release last month. Over the same period total reported stock levels... 

RUNNING LOW 
The global market for refined zinc metal was in deficit by 97 000 t over the first four months of 2019
RUNNING LOW The global market for refined zinc metal was in deficit by 97 000 t over the first four months of 2019

Consistent delivery from Central Asia’s Sasa and Kounrad

By: Creamer Media Reporter      10th July 2019 The Sasa and Kounrad operations that London-listed Central Asia Metals (CAML) own in Kazakhstan and north Macedonia, respectively, have achieved “another period of consistent delivery”, CEO Nigel Robinson said on Wednesday. The Kounrad solvent extraction and electrowinning copper plant produced... 

Mining stocks could rebound with help from Trump and China

By: Bloomberg     9th July 2019 The backdrop for miners is ready to brighten in the second half of this year. They just need a resolution of the trade war between the US and China to light a fire under their stocks. Metal prices and mining equities have been at the mercy of trade headlines all year, and business fundamentals... 

Azure’s Mexico project receives all regulatory approvals

By: Simone Liedtke     21st June 2019 ASX-listed Azure Minerals has received all regulatory approvals necessary for its planned mining operation at Oposura, Mexico, including openpit and underground mining permits, environmental clearances, explosives permits and surface land-use agreements. The fully-funded zinc/lead/silver project... 

Russian miner partners with AI solutions provider to mine in the extreme north

By: Nadine James     14th June 2019 First Ore-Mining Company, which forms a part of ARMZ Uranium – the mining division of the Rosatom State Atomic Energy Corporation – has signed a memorandum of understanding with Finnish-Russian digital solutions provider ZYFRA to deploy artificial intelligence-based solutions in mining and... 

Northern Cape may be where parts of Australia were in 90s – The Mineral Corporation 

By: Martin Creamer     6th June 2019 South Africa’s highly prospective Northern Cape may now be where geologically endowed parts Australia were in the early 1990s, John Murphy, the MD of The Mineral Corporation (TMC), said on Thursday. Speaking to Mining Weekly Online in an exclusive interview at the 21-year-old advisory group’s... 

The Mineral Corporation MD John Murphy.
Photo by Creamer Media Photographer Dylan Slater
The Mineral Corporation MD John Murphy.

Nyrstar suspends Port Pirie lead smelter, declares force majeure

By: Reuters     6th June 2019 Nyrstar has halted production at its Port Pirie lead smelter in Australia and declared force majeure, the Belgian-headquartered metals and mining company said on Thursday. It stopped output at Port Pirie on May 28 due to an unplanned outage at the blast furnace, a spokesman said in a email. 

Jubilee progresses towards producing 60 000 oz/y of PGMs

By: Marleny Arnoldi     5th June 2019 Aim- and AltX-listed Jubilee Metals is making progress in increasing production from, and commodity exposure to, its projects in South Africa and Zambia. The company’s PlatCro platinum group metals (PGMs) processing project in South Africa has been commissioned, with a 60 000 t per month... 

Azure to start trial mining at Mexico project

By: Creamer Media Reporter      5th June 2019 Australia-based emerging miner Azure Minerals on Wednesday announced that its board had approved the start of trial mining and processing of high-grade mineralisation from its Oposura zinc/lead project in Sonara, Mexico. Operations would start in the September quarter and would be funded through... 

Junior mining badly in need of kickstart – Swanepoel   

By: Martin Creamer     4th June 2019 Junior mining is badly in need of a policy framework that will kickstart activity, mining luminary Bernard Swanepoel said on Tuesday. Speaking to a packed 2019 Junior Indaba conference for explorers, developers and investors in junior mining, Swanepoel outlined how he had boldly stepped into the... 

Bernard Swanepoel
Junior Indaba opening addresses covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer. Photographs: Creamer Media’s Dylan Slater.

Silvercorp profit falls as prices dip

By: Marleny Arnoldi     27th May 2019 Canada-based, China-focused Silvercorp Metals has reported a lower profit margin for the financial year ended March 2019, on the back of lower prices for the precious and base metals that the company produces. In the reporting period, the company sold about 6.4-million ounces of silver (up 6%... 

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