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Zinc News
The state of Chinese commodities shows recovery taking hold
By: Bloomberg 7th April 2020 From oil to copper to coal, China’s gigantic commodities industry is signaling that the first economy to be flattened by the coronavirus is getting closer to a return to normality. Bloomberg Economics estimates that most of China was 90% to 95% back to work at the end of last week, noting... →
Global GDP to contract 1.9% this year, spark commodity oversupply, says Fitch
By: Simone Liedtke 6th April 2020 Owing to unprecedented lockdown in much of Europe, the US and across the globe, the world is currently experiencing considerably lower economic activity, which in turn significantly reduces commodity consumption, says ratings agency Fitch Ratings. As a result, it expects global gross domestic... →
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... →
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... →
Zinc miners expected to restart operations on strong prices
By: Natasha Odendaal 31st March 2020 Strong zinc prices are increasingly prompting miners to bring idled capacity back online and invest in new projects. The latest ‘Global Zinc Mining Outlook’ report shows that the return of some stalled capacity and new projects in key countries will drive growth over the coming quarters, despite... →
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... →
Vedanta CEO Venkatakrishnan resigns
By: Reuters 27th March 2020 Diversified miner Vedanta said on Friday CEO S Venkatakrishnan has resigned due to personal reasons, less than two years after he took the helm. Sunil Duggal, current head of Vedanta unit Hindustan Zinc, will take over as interim CEO. Venkatakrishnan, who was previously CEO of South African... →
Bolivia's largest mine suspends operations as virus controls tighten
By: Reuters 27th March 2020 Bolivia's San Cristóbal mine, a huge desposit of zinc, lead and silver, has suspended operations after the country imposed tough rules to halt the spread of coronavirus, its operator Minera San Cristóbal said in a statement on Friday. The company, a wholly-owned subsidiary of Japana's Sumitomo... →
Glencore winds down most operations in line with Covid-19 restrictions
By: Donna Slater 27th March 2020 Diversified mining and marketing company Glencore, with operations internationally, is winding down most of its operations and putting them on temporary care and maintenance as lockdowns are enforced in various countries to slow the spread of Covid-19. The London- and Johannesburg-listed company... →
Trevali puts Caribou mine on care and maintenance amid Covid-19 outbreak
By: Simone Liedtke 26th March 2020 TSX-listed Trevali Mining Corporation has announced the temporary suspension of operating activities at its Caribou mine near Bathurst, in New Brunswick. The temporary suspensions follow the deterioration of the global zinc market, which has been exacerbated by the continued challenges presented... →
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. →
Geotechnical drilling improves safety at phosphate mine
By: Darren Parker 20th March 2020 Drilling company Geomech Africa, part of geotechnical services holding company GeoGroup, has completed its geotechnical investigation at phosphate product producer and distributor Foskor’s phosphate mining operation in Phalaborwa, Limpopo. The Foskor phosphate mine comprises the North and South... →
Slowing demand likely to push zinc price lower this year, says Fitch Solutions
By: Marleny Arnoldi 17th March 2020 Research agency Fitch Solutions has revised its forecast for the zinc price for this year to $2 250/t, down from $2 450/t previously, as an amalgam of market forces put in motion by the Covid-19 outbreak, which has led to factory shutdowns in China and other parts of the world. The average zinc... →
Miners step up precautions as Covid-19 numbers rise
By: Mariaan Webb 16th March 2020 As the number of global cases of the novel coronavirus, Covid-19, continues to increase, mining companies are implementing procedures to safeguard personnel and communities, with project delays and mining camp shutdowns having been announced. Several companies have also closed their head offices... →
Lundin suspends construction at Portugal zinc project, confirms Covid-19 case in Chile
By: Mariaan Webb 16th March 2020 Toronto-headquartered Lundin Mining has suspended construction and commissioning activities at the Zinc Expansion Project (ZEP) at the Neves-Corvo operation, in Portugal, to reduce the risk of its workforce and the local community contracting the novel coronavirus (Covid-19) disease. Announcing... →
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... →
Meet zinc, the cheap metal gunning for lithium’s battery crown
By: Bloomberg 6th March 2020 A metal best known for galvanising steel is making the jump into a developing $30-billion energy-storage market for electrical grids that’s increasingly seen as key to unleashing solar and wind power upon the world. Less than four months after Governor Andrew Cuomo vowed to produce 100% of New... →
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... →
Trevali CFO departs
By: Mariaan Webb 3rd March 2020 TSX-listed Trevali Mining will start a search for a new CFO, following the departure of Gerbrand van Heerden, who served as finance chief since June 2018. Matthew Quinlan has been appointed interim CFO, after having supported Trevali in a consulting capacity over the last five months. →
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... →
Vedanta’s Naidoo calls for increased female representation in mining
By: Simone Liedtke 19th February 2020 Vedanta Zinc International CEO Deshnee Naidoo has called on the South African mining industry to “change the gender narrative” and to engage in conversations about the lack of female representation in the industry. According to recently published statistics by the Minerals Council South Africa,... →
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,... →
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... →
Minerals Council South Africa lobbying strongly for junior miners 
By: Martin Creamer 5th February 2020 Junior and emerging miners hold the majority of the 1 700 to 1 800 mining rights that have been issued in South Africa, Minerals Council South Africa social performance head Alex Khumalo said on Wednesday. But most of these rights are not being exercised, Khumalo revealed at a media briefing he... →
Glencore reports lower full-year copper, ferrochrome output
By: Tasneem Bulbulia 4th February 2020 Global diversified natural resource group Glencore on Tuesday released its full-year production results, with own-sourced copper production of 1.3-million tonnes for the period 82 500 t, or 6%, lower Year-on-year. About half of this (40 800 t) related to its African copper assets, with Katanga's... →
Kamoto
Canada’s Teck aims to be carbon neutral by 2050
By: Mariaan Webb 3rd February 2020 Canadian miner Teck Resources is chasing a goal of being carbon neutral across all its operations and activities in 30 years’ time, the diversified mining firm, focusing on copper, steelmaking coal and zinc, announced on Monday. The objective aligned with commitments by Canada and Chile – home... →
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... →
Public comments invited on proposed Gamsberg zinc smelter
By: Marleny Arnoldi 29th January 2020 Environmental consultants SLR Consulting has published, for public comment, a draft scoping report on a proposed zinc smelter to be built at Black Mountain Mining's (BMM's) Gamsberg zinc project, near Aggeneys, in the Northern Cape. BMM, which is a part of Vedanta Zinc International, is proposing... →
Gamsberg mine, in Northern Cape
Multimetal strategy paying off for Jubilee
By: Marleny Arnoldi 28th January 2020 Aim- and AltX-listed Jubilee Metals Group delivered record platinum group metal (PGM) earnings for the six months ended December 31, on the back of higher output and metal prices, while its chrome operations showed their resolve, maintaining positive earnings against softer chrome prices. CEO... →
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... →
Orion Minerals lender extends loan due date to June
By: Marleny Arnoldi 24th January 2020 The due date of ASX- and JSE-listed Orion Minerals’ loan facility with Tembo Capital has been extended to June 25, from January 25. Orion secured the $3.6-million convertible loan facility with Tembo Capital last year. →
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