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Zinc News
Fitch raises metals, mining price assumptions in line with returning demand, low inventories 
By: Donna Slater 26th February 2021 Ratings agency Fitch Ratings has revised some of its metals and mining price assumptions in line with that it sees as commodity prices being set to benefit in the short term from returning demand, as well as slow supply response and low inventories. The agency’s revision of all iron-ore price... →
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... →
Task team developing Canadian critical minerals inventory
By: Creamer Media Reporter 23rd February 2021 A federal-provincial-territorial task team has been established to develop a Canadian critical minerals inventory, Natural Resources Minister Seamus O’Regan said on Monday. The inventory would be used to build an integrated, all-Canadian critical minerals and battery value chain. →
Coal to China set to continue while Asian giant not buying from Australia – Glencore
By: Martin Creamer 17th February 2021 The export of South African coal to China is poised to continue while China decides not to buy Australian coal, Glencore CEO Ivan Glasenberg said during this week’s Glencore media conference. “China still imports round about 185-million tons to 190-million tons of seaborne coal. They like to... →
Glencore heading for a future without any coal production.
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... →
Glencore ready to support transition to low-carbon economy – Glasenberg
By: Martin Creamer 16th February 2021 Diversified mining and marketing company Glencore is ready to support the transition to a low-carbon economy, CEO Ivan Glasenberg said on Tuesday when the company reported finishing 2020 with earnings before interest tax depreciation and amortisation (Ebitda) of $11.6-billion, Covid-19... →
Horizon strikes out on its own at Nimbus
By: Esmarie Iannucci 11th February 2021 Gold developer Horizon Minerals has taken the decision to advance its Nimbus silver/zinc project, in Western Australia, following a strategic review. The company told shareholders that while several acquisition and earn-in proposals had been received and carefully considered for the Nimbus... →
Botswana intensifying effort to attract non-diamond exploration
By: Martin Creamer 3rd February 2021 Botswana has intensified efforts to digitise and make geoscience information readily available to local and international potential investors in an effort to encourage prospecting for non-diamond minerals, Botswana President Mokgweetsi Masisi told the virtual 2021 Investing in African Mining... →
Botswana president Mokgweetsi Masisi
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-... →
Glencore reports higher zinc, silver output but lower ferrochrome and copper production
By: Marleny Arnoldi 3rd February 2021 Global miner Glencore says its mining assets performed well in difficult circumstances during 2020, with year-on-year increases in zinc, gold and silver production. Glencore says Covid-19 and the related mandatory suspensions and restrictions impacted on ferrochrome production in South Africa,... →
Glencore CEO Ivan Glasenberg
Orion paving way for another exciting 'green' base metals hub in Northern Cape
By: Martin Creamer 2nd February 2021 The copper strength of Orion Minerals is intensifying with Tuesday’s announcement of the company’s exclusive option to acquire the Okiep Copper Complex in South Africa’s Northern Cape for A$7.5-million. The Sydney- and Johannesburg-listed company, headed by Errol Smart, now has an opportunity to... →
The Okiep Copper Complex that Orion Minerals has an option to acquire.
‘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... →
New Century's output drops
By: Esmarie Iannucci 29th January 2021 Zinc miner New Century Resources has reported a 4% drop in production from its namesake project in Queensland, during the quarter ended December. The miner on Friday announced that zinc production for the three months to December had reached 32 400 t, down from the 33 600 t produced in the... →
Wolfden raises C$2m from Altius and Kinross
By: Mariaan Webb 28th January 2021 Explorer and developer Wolfden Resources has raised C$2-million from Altius Minerals and Kinross Gold, which now hold about 12.6% and 11.4% of the issued and outstanding shares of the company. The proceeds of the C$0.32-a-share offering would be used to continue exploration at the Pickett... →
Orion Minerals starts 2021 on a positive note following encouraging drilling results
By: Simone Liedtke 25th January 2021 Dual-listed Orion Minerals has started 2021 on a positive note with an encouraging set of results from its high-impact exploration drilling programmes targeting near-mine and regional volcanogenic massive sulphide (VMS) copper/zinc and nickel/copper targets around its flagship Prieska copper/zinc... →
Lundin continues improvement trend in 2020
By: Simone Liedtke 21st January 2021 Diversified Canadian base metals miner Lundin Mining met its production guidance for all metals for the 2020 financial year, ended December 31, with copper production standing out at 230 781 t. Gold production exceeded guidance, reaching 163 000 oz. →
New Century's rehab costs decline
By: Esmarie Iannucci 20th January 2021 The Queensland Department of Environment and Science has agreed to a A$14.1-million reduction of the estimated rehabilitation cost (ERC) for the New Century zinc mine. ASX-listed New Century Resources on Wednesday told shareholders that the ERC has now been reduced to A$183.9-million, following... →
Consolidated Zinc adjusts Plomosas offtake
By: Esmarie Iannucci 19th January 2021 Base metals miner Consolidated has updated its offtake agreement with Industrias Penoles SA de CV that would reduce transport costs for the Plomosas concentrate that is delivered and sold to Penoles. As part of the agreement, Consolidated Zinc has also granted Penoles an additional one-year... →
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... →
New Century hits milestone
By: Esmarie Iannucci 18th January 2021 Base metals miner New Century Resources has reached a production milestone at its namesake project in Queensland, delivering its 500 000th tonne of zinc concentrate since production restarted in late 2018. “The milestone of producing 500 000 t of zinc concentrate is a significant achievement for... →
Vedanta reopens Gamsberg zinc mine in South Africa
By: Reuters 18th January 2021 Vedanta Zinc International said on Saturday that mining has started again at its Gamsberg mine in South Africa following a closure in November when the pit wall collapsed, trapping miners underground. The company did not specify what capacity it is operating at. →
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... →
Griffin to increase mining rate at Caijiaying mine 
By: Marleny Arnoldi 8th January 2021 London-listed zinc producer Griffin Mining says it will soon start development towards mining 1.5-million tonnes of ore a year at its Caijiaying mine, in China. It has been granted a mining licence for Zone 2, adjacent to Zone 3 that it has been mining since 2005. →
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... →
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... →
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... →
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. →
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... →
Lundin copper output to rise by 25% next year
By: Mariaan Webb 1st December 2020 Base metals producer Lundin Mining is forecasting a big jump in copper production next year, driven by higher grades at the Candelaria mine and full-year uninterrupted contributions from Candelaria and Chapada. The Toronto-listed miner said that its copper production should increase by 25% in... →
New Century raises full amount in entitlement offer
By: Creamer Media Reporter 27th November 2020 Base metals miner New Century has reported the strong uptake by shareholders of its entitlement offer, raising the full A$14.4-million offer amount. The 1 for 12 prorate nonrenounceable entitlement offer closed on November 24, with eligible shareholders applying for 78 637 783 new fully paid... →
Vedanta continues search for worker trapped underground at South Africa zinc mine
By: Reuters 27th November 2020 Vedanta's zinc unit said on Thursday it was still searching for an employee who was trapped underground following a rockfall last week at its Gamsberg zinc mine in South Africa. "A team consisting of geotechnical and mining engineers, supported by third party experts have recommended the... →
Business rights or human rights? Swiss vote shines spotlight on companies
By: Reuters 26th November 2020 A billboard of a runny-nosed, dour-faced girl framed by Glencore's sprawling zinc mine in Peru greets commuters at Zurich's main train station with an ominous slogan: "Water contaminated. Child poisoned. Commodities firm liable." As the only large mining firm based in Switzerland, Glencore has... →
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... →
Search for last miner trapped at Gamsberg goes on
By: Reuters 21st November 2020 Rescuers were searching for the last of 10 miners trapped at South Africa's Gamsberg zinc mine on Saturday and mining activity remains suspended, owner Vedanta Zinc International (VZI) said. "Mining-related activities at Gamsberg Mine remain suspended until further notice," the company said,... →
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