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Zinc News

Global Witness welcomes LME’s new responsible sourcing rules 

By: Marleny Arnoldi     23rd April 2019 International nongovernmental organisation (NGO) Global Witness has welcomed the London Metal Exchange’s (LME’s) new responsible sourcing rules, which were published for public consultation on Tuesday. The exchange’s responsible sourcing roadmap is intended for LME-listed brands and builds on a... 

Canadian miner finds new high-grade zinc and gold deposit

19th April 2019 Canadian mining company Hudbay Minerals has announced the discovery of 35.6 m of high-grade mineralisation including both zinc-rich massive sulphides and gold. The deposit is located between the old Chisel North mine and the producing Lalor mine in Manitoba, Canada, at a down hole depth between... 

Canadian miner finds  new high-grade zinc  and gold deposit
ALAN HAIR These zinc-rich and gold-rich intersections highlight the ever prospective nature of the Flin Flon greenstone belt and demonstrate the value of our Manitoba assets

Zinc inventories continue to fall

By: Cameron Mackay     19th April 2019 The poor performance of Chinese smelters and the closure of major zinc mines in the past two years have led to global and refined zinc inventories continuing to fall, says international commodities consultancy Core Consultants MD Lara Smith. “Many smelters last year chose not to buy expensive... 

Zinc inventories continue to fall
Photo by Bloomberg
REDUCED OUTPUT Many Chinese smelters last year chose not to buy expensive concentrate and instead cut down on consumption rates and production

Orion reawakening geological giant in Northern Cape  

By: Martin Creamer     18th April 2019 Three years ago, Orion Minerals was trading at an eighth of an Australian cent a share. It had a market capitalisation of $4-milllion and set out to find something that could be turned into a mine. The good news is that the company found that opportunity in South Africa, and its share price has... 

Orion reawakening geological giant in Northern Cape
Mining Weekly Online’s Martin Creamer interviewing Orion Minerals CEO Errol Smart. Video: Nicholas Boyd. Photographs: Dylan Slater.

Hudbay says largest shareholder to vote for its nominees

By: Mariaan Webb     18th April 2019 TSX- and NYSE-listed Hudbay Minerals said on Wednesday that its largest shareholder, Letko, Brosseau & Associates, had confirmed that it would vote for the company's director nominees at the upcoming shareholders meeting. Letko, Brosseau & Associates exercises investment control or direction... 

Eager black investors fund premium-priced opportunity in zinc, copper 

By: Martin Creamer     17th April 2019 Black investors have self-funded the purchase of shares at a premium price in the fast-tracked redevelopment of the Prieska zinc and copper mine in the Northern Cape, which has a three-year payback and a minimum mine life of ten years. The $8-million equity capital raising by Orion Minerals,... 

Eager black investors fund premium-priced opportunity in zinc, copper
Photo by Creamer Media Chief Photographer Dylan Slater
Orion Minerals’ ‘meet-the-media’ attendees were from left: Jowell Tobias, Godfrey Gomwe, Billy Mawasha, Michelle Jenkins, Errol Smart, Nelson Mosiapoa, Tom Borman, Sharon Matthews and Roger Matthews.

Galileo raises £500 000 for Zambia zinc project

By: Creamer Media Reporter      17th April 2019 Aim-listed Galileo Resources has raised £500 000 through the placing of 100-million new shares at a price of 0.5p a share. The proceeds will be used for general working capital, as well as for advancing its Star Zinc project, in Zambia. Specifically, the company plans to use the proceeds to... 

First Majestic reports solid start to 2019

By: Creamer Media Reporter      17th April 2019 Mexico-focused miner First Majestic Silver has had a solid start to 2019, with its first-quarter production reaching 6.3-million silver-equivalent ounces (SEOs). This compares with 3.9-million SEOs in the same quarter of 2018, and 6.5-million SEOs in the fourth quarter of last year. 

Orion Minerals, PTM make headlines 

17th April 2019 This week Mining Weekly editor Martin Creamer unpacks the developments at Orion Minerals and Platinum Group Metals. 

Orion Minerals, PTM make headlines
Orion Minerals, PTM make headlines

Waterton launches legal action against Hudbay

By: Creamer Media Reporter      16th April 2019 Toronto-based investment firm Waterton Global Resource Management, which is waging a proxy contest against Hudbay Minerals, has started legal proceedings against the TSX- and NYSE-listed miner in the Ontario Superior Court. According to a statement from Hudbay, Waterton is alleging that the... 

Waterton launches legal action against Hudbay
Hudbay CEO Alan Hair

Flood-damaged Mt Isa zinc railway to reopen April 29

By: Reuters     16th April 2019 A railway that carries zinc from major producers such as Glencore across Australia's Outback is expected to reopen this month, Queensland's Transport Minister said on Tuesday. "Every resource has been made available to accelerate recovery works," Mark Bailey said in a statement. 

Orion clinches potent new-style empowerment deal  

By: Martin Creamer     16th April 2019 Sydney- and Johannesburg-listed exploration and mining development company Orion Minerals has found a formula to achieve empowerment that puts all shareholders at full participation and contribution. “What we’ve arrived at is a fantastic win-win scenario,” an overjoyed Orion CEO Errol Smart told... 

Orion clinches potent new-style empowerment deal
Orion Minerals CEO Errol Smart (left) interviewed by Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Photographs: Dylan Slater.

Strike ends at Sierra Metals’ Yauricocha mine

By: Creamer Media Reporter      15th April 2019 A near-month-long labour strike over contractor changes at the Yauricocha mine, in Peru, ended at the weekend. Canada-based mining company Sierra Metals has said that an agreement was reached whereby no contractors dismissed as part of the contractor change will be reinstated, which was the... 

Exxaro reaffirms health, safety goals at Sustainability Summit

By: Simone Liedtke     12th April 2019 Empowered diversified miner Exxaro Resources on Friday reaffirmed its safety, health and environmental goals at its yearly Sustainability Summit, held in Lephalale, Limpopo. The summit is being held soon after the group celebrated a 24-month fatality-free milestone. 

Orion Minerals halts securities trading at JSE as it prepares for capital raising

By: African News Agency      11th April 2019 Australian miner Orion Minerals on Thursday requested an immediate trading halt be placed on its securities in the Johannesburg Stock Exchange (JSE) as it anticipates making a material announcement in relation to a proposed capital raising. Orion said the trading halt was requested until the... 

Good start to 2019 for Central Asia Metals

By: Creamer Media Reporter      10th April 2019 London-listed Central Asia Metals Limited (CAML) has had a good start to the year at its Kounrad and Sasa operations, with the company on Wednesday declaring that it was on track to meet its full-year guidance for copper, zinc and lead. The Kounrad dump leach, solvent extraction and... 

Good start to 2019 for Central Asia Metals

Trevali appoints Vale COO Grimbeek its new CEO

By: Creamer Media Reporter      9th April 2019 Base metals miner Trevali Mining has named mining engineer Ricus Grimbeek its president and CEO to take over from Mark Cruise on April 23. Grimbreek, who holds a degree from South Africa’s University of Pretoria, is a mining executive with nearly three decades of experience in the resources... 

Nigeria suspends mining in Zamfara state after banditry surges

By: Reuters     8th April 2019 Nigeria has suspended mining in the restive northwestern state of Zamfara, a presidential aide and the police chief said on Sunday, amid concerns that illegal miners were connected to a surge in banditry. The suspension underscores the breakdown of security in a part of the country where the... 

Jubilee set to acquire Sable Zinc refinery  

By: Nadine James     22nd March 2019 Dual-listed Jubilee Metals on Friday announced that it has executed a share purchase agreement for the acquisition of the Sable Zinc refinery in Kabwe, Zambia. The refinery is situated immediately adjacent to the large stockpiles of zinc, lead and vanadium that Jubilee has contracted from BMR Group. 

Kinross acquires 9.7% of Wolfden Resources

By: Marleny Arnoldi     20th March 2019 TSX-V-listed Wolfden Resources’ share price shot up 5% to C$0.18 apiece, following its announcement that Kinross Gold would take a 9.7% stake in the junior miner. The subscription agreement entails a nonbrokered private placement of about 12.5-million common shares of Wolfden at a price of... 

Vedanta to shut Namibian zinc refinery for five weeks

By: Reuters     14th March 2019 Vedanta Zinc International, a unit of diversified miner Vedanta Resources, said on Thursday it would close its Skorpion Zinc Refinery in Namibia for five weeks after a strike by its mining contractor depleted stocks. "During the strike period, the Skorpion Refinery continued to run which led to... 

Toral scoping study economics announced

By: Simone Liedtke     12th March 2019 The initial economics of Toral lead/zinc project, in north-west Spain, are robust, with a scoping study calculating a $110-million net present value, at an 8% discount rate, and an internal rate of return of 24.4%, dual-listed Europa Metals announced this week. The scoping study estimated... 

Glencore signs annual zinc treatment charges deal with Canada's Noranda

By: Reuters     11th March 2019 Global trader and miner Glencore has struck a deal with its Canadian subsidiary Noranda Income Fund on the terms of zinc treatment charges for the coming year, but did not disclose the fees, the fund said on Friday. Noranda, whose operations include a zinc processing facility in Quebec, last... 

Zinc demand, production to increase over next four years

By: Rebecca Campbell     8th March 2019 Data and analytics company GlobalData has forecast that worldwide zinc production will grow at a compound annual growth rate of 3.8% between this year and 2022. This growth will be underpinned by production increases and the opening of new mines, in Canada, China, India, Kazakhstan and Mexico,... 

Shortages, shrinking stocks to energise zinc bulls

By: Reuters     5th March 2019 Shortages for a fourth year running and historically low stocks of zinc are likely to propel prices of the metal to $3,000 a tonne over coming months, while an end to the US-China trade dispute could spur even more gains. Benchmark zinc on the London Metal Exchange at around $2 760/t is up... 

Orion mulls solar, wind energy generation options for Prieska project

By: Marleny Arnoldi     5th March 2019 ASX-listed Orion Minerals on Tuesday announced that it had signed a renewable energy generation collaboration agreement with Juwi Renewable Energies South Africa to investigate the renewable energy generation potential at the Prieska zinc/copper project, in South Africa’s Northern Cape province.... 

Orion mulls solar, wind energy generation options for Prieska project
Photo by Creamer Media
Orion Minerals Errol Smart

Anglo American Sefa Mining Fund to become an Orion shareholder 

By: Simone Liedtke     4th March 2019 The Anglo American Sefa Mining Fund (AASMF) will become a shareholder of ASX- and JSE-listed Orion Minerals. This follows after the parties agreed to restructure Orion subsidiary Repli Trading, with Orion to issue shares to AASMF in consideration of preference shares held by the fund in Repli,... 

End of Woodlawn construction fast approaching

By: Marleny Arnoldi     4th March 2019 ASX-listed Heron Resources on Monday announced that wet commissioning had started at the process plant of its Woodlawn base metals project, in New South Wales. The only remaining step in commissioning the project was to feed ore through the plant. Once completed, the company would transition to... 

Zinc demand and production to increase over the next four years

By: Rebecca Campbell     1st March 2019 Data and analytics company GlobalData has forecast that worldwide zinc production will grow at a compound annual growth rate of 3.8% between this year and 2022. This growth will be underpinned by production increases and the opening of new mines in Canada, China, India, Kazakhstan and Mexico, and... 

Gamsberg ‘a breath of fresh air’ in embattled South African mining industry – Ramaphosa 

By: Simone Liedtke     28th February 2019 President Cyril Ramaphosa on Thursday presided over the official inauguration of Vedanta Zinc International’s (VZI’s) Gamsberg mine, near Aggeneys, in the Northern Cape. The mine, which boasts one of the largest known and undeveloped zinc orebodies in the world, will contribute more than... 

Gamsberg ‘a breath of fresh air’ in embattled South African mining industry – Ramaphosa
Photo by Creamer Media's Simone Liedtke
Northern Cape Premier Sylvia Lucas, President Cyril Ramaphosa, Vedanta Resources chairperson Anil Agarwal, VZI CEO Deshnee Naidoo and Mineral Resources Minister Gwede Mantashe

Hudbay hits base, precious metals near its Lalor mine

By: Marleny Arnoldi     27th February 2019 TSX- and NYSE-listed Hudbay has discovered a depsoti with 35.6 m of high-grade mineralisation that has both zinc-rich massive sulphides and gold, between the old Chisel North mine and the producing Lalor mine, in Canada, both of which Hudbay owns. At a downhole depth between 540 m and 576 m,... 

Freeport investing to mitigate risk from tailings dams - CEO

By: Reuters     25th February 2019 Freeport-McMoRan CEO Richard Adkerson said on Monday his company has been investing heavily to mitigate any danger from tailings dams and is "comfortable" with engineering designs in place at existing dams. "Early on, we recognized this as a major risk area for our company," Adkerson said at an... 

Orion closer to unlocking full potential of Prieska project  

By: Marleny Arnoldi     25th February 2019 ASX- and JSE-listed Orion Minerals has identified numerous compelling targets for both volcanic massive sulphide- (VMS-) style zinc/copper mineralisation and nickel/copper sulphide mineralisation within a 15 km radius of the world-class Prieska deposit, in South Africa’s Northern Cape. The... 

Orion closer to unlocking full potential of Prieska project
Orion CEO and MD Errol Smart

Too much zinc has miners begging for smelters as new mines open

By: Bloomberg     25th February 2019 A likely rebound in the amount of raw zinc produced this year could have miners "begging smelters” to refine the metal used to galvanize steel, potentially boosting their fees to the highest in two years. Supplies of the refined metal have been tight following smelter disruptions in China. This... 

EY says Canadian miners can be more optimistic about 2019

By: Mariaan Webb     22nd February 2019 The Canadian mining sector continued to face challenges in the final quarter of 2018, as a Chinese economic slowdown weighed on commodity prices, but advisory firm EY says there is reason to be optimistic for 2019. The EY Canadian Mining Eye index, which tracks the Canadian mining sector... 

EY says Canadian miners can be more optimistic about 2019

Hudbay plans C$124m mill refurbishment to double Manitoba mine's gold output

By: Mariaan Webb     20th February 2019 Base and precious metals miner Hudbay Minerals has outlined a new mine plan for the Lalor mine, in Manitoba, which extends the mine life beyond ten years and transitions the operation to a primary gold mine, which will be one of the lowest-cost in Canada. The new mine plan includes the... 

Hudbay plans C$124m mill refurbishment to double Manitoba mine's gold output
The Lalor mine in Manitoba.

Weaker prices hit Silvercorp Q3 performance

By: Nadine James     15th February 2019 TSX-listed Silvercorp Metals, which owns and operates mines in China, on Thursday reported a net income of $8.7-million for the third quarter ended December 31 – representing a 31% year-on-year decline with the company achieving a net income of  $12.7-million in the third quarter of 2018. The... 

Lundin says Portugal project costs revised upward

By: Mariaan Webb     15th February 2019 Canada-headquartered Lundin Mining has announced a new cost estimate for its Neves-Corvo zinc expansion project (ZEP), in Portugal, with costs increasing to €320-million. This compares with an initial approved budget of €256.5-million for the project, which will double the mine’s production to... 

Lundin says Portugal project costs revised upward
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