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Zinc News

Glencore reviews lead operations at Italian plant due to high power prices - source

By: Reuters     29th September 2022 Commodity group Glencore is reviewing the sustainability of lead operations at its Portovesme plant in Italy due to high power prices, an industry source with knowledge of the situation said on Thursday. The company is delaying maintenance operations that were planned in coming months due to the... 

Sierra reaches agreement with communities blocking Yauricocha road

By: Mariaan Webb     29th September 2022 Toronto-listed Sierra Metals has reached an agreement with residents from the town of Alis, following the blockade of the main access road to the Yauricocha mine, in Peru, the company reported on Wednesday. The company is undertaking safety inspections and reviews to support the progressive... 

Minerals Council ‘absolutely adamant’ about need for commercially available cadastre  

By: Martin Creamer     29th September 2022 The key objective of transparency in applying for prospecting rights and mining rights – and openly managing them – can be enabled by a commercially available cadastre system. While South Africa does not have such a cadastre, fellow African countries that are already thriving on it include... 

Minerals Council South Africa’s Junior and Emerging Miners Desk head Grant Mitchell.
Junior and Emerging Miners Desk webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Metals for cleaner future being turned to account in minerals-endowed Northern Cape 

By: Martin Creamer     28th September 2022 South Africa’s critical minerals potential is being highlighted in an increasingly promising manner by Orion Minerals, the Sydney- and Johannesburg-listed company that is showing the way in the minerals-endowed Northern Cape. Orion, headed by its Boksburg-born CEO Errol Smart, is poised to bestow... 

Orion Minerals reaping rewards from South Africa's minerals-endowed but under-explored Northern Cape.
Orion Minerals reaping rewards from South Africa's minerals-endowed but under-explored Northern Cape.

Finland plans new tax on mining

By: Reuters     27th September 2022 Finland's government plans to introduce a new tax on minerals extracted by the mining industry, the Nordic country's finance ministry said on Tuesday. Some of the European Union's greatest known reserves of minerals used for batteries and other products are located in Finland where there are... 

Finland plans new tax on mining

Green hydrogen, fuel cells important part of any future energy system, says global strategist  

By: Martin Creamer     27th September 2022 Green hydrogen and fuel cells will be a very important part of any future energy system, says Switzerland-based energy and sustainability consultancy strategist Dr David Hart. Among the electrolysers that convert renewable electricity into green hydrogen are proton exchange membrane (PEM)... 

Dr David Hart, E4tech.
E4tech’s Dr David Hart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

NorZinc ticks Prairie Creek permitting boxes

By: Creamer Media Reporter      26th September 2022 TSX-listed mine developer NorZinc has received a water licence from the Northwest Territories government for its Prairie Creek project. Combined with the receipt of the land use permit, announced in mid-August, NorZinc has now completed the permitting process for mining operations at Prairie Creek. 

Trevali to close Burkina Faso Perkoa zinc mine after deadly flood

By: Reuters     25th September 2022 Canadian mining firm Trevali will close its Perkoa zinc mine in Burkina Faso, a company official told Reuters on Friday, following a flood at the mine in April that killed eight workers. The miners drowned in the underground passages of the mine in Sanguie province after unexpected torrential... 

Trevali to close Burkina Faso Perkoa zinc mine after deadly flood

South Africans urged to turn exploration into Big Hairy Audacious Goal  

By: Martin Creamer     24th September 2022 South Africans have been urged to rally around exploration as this country's Big Hairy Audacious Goal – a BHAG – so that what is described as "our lowest hanging economic fruit" can be turned to positive account. Council for Geoscience CEO Mosa Mabuza, who was speaking in support of the junior... 

Council of Geoscience CEO Mosa Mabuza.
Council for Geoscience CEO Mosa Mabuza, covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

New fund-raising product appropriate for junior miners, says JSE  

By: Martin Creamer     23rd September 2022 The JSE has a new product that is appropriate for fund-raising by junior mining companies, JSE origination and deals head Sam Mokorosi said on Friday. Mokorosi, who was speaking at Minerals Council South Africa’s Junior and Emerging Miners Desk webinar, highlighted the new product against the... 

JSE origination and deals head Sam Mokorosi.
Minerals Council South Africa’s Junior Miner Webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

World’s largest battery-electric mine truck heading for commercial availability in 2024  

By: Martin Creamer     21st September 2022 The world’s largest battery-electric truck for underground mining is on its way to becoming commercially available in 2024. Sandvik’s 65 t TH665B machine removes between 1 t and 2 t of carbon dioxide (CO2) a day, along with heat and noise. 

Jakob Rutqvist, Sandvik VP strategy and commercial for battery and hybrid/electric-vehicles business unit of Sandvik Mining & Rock Solutions.
Sandvik VP Jakob Rutqvist interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Winter-road work preparation starts at Prairie Creek

By: Creamer Media Reporter      20th September 2022 Preparation work has started for the construction of the Pioneer winter road (PWR) at NorZinc’s Prairie Creek project, in the Dehcho region of the Northwest Territories, constituting Phase 1 of the 170 km all-season road that will act as the main point of access connecting the project to the... 

An image of a barge crossing
The barge crossing of the excavator across the Liard River

Vedanta signs MoUs for $22bn semiconductor manufacturing project in India

By: Darren Parker     19th September 2022 Indian mining investment company Vedanta has signed two memoranda of understanding (MoUs) with the Indian state of Gujarat to set up a semiconductor fabrication plant – commonly referred to as a fab unit – a display fab unit, and a semiconductor assembling and testing unit in Ahmedabad, in... 

semiconductor

Minerals Council urges faster inclusion of private electricity suppliers 

By: Martin Creamer     19th September 2022 The Minerals Council South Africa supports President Cyril Ramaphosa’s electricity recovery plan and urges more rapid private sector participation in resolving the country’s deepening electricity crisis. Minerals Council members have 6 500 MW of embedded energy projects in the pipeline which will... 

Minerals Council South Africa CEO Roger Baxter.
Minerals Council South Africa CEO Roger Baxter.

Trevali CEO resigns as sales process for Rosh Pinah and Caribou gets under way

By: Mariaan Webb     19th September 2022 Embattled base metals miner Trevali Mining has kicked off a court-approved sales process for its interest in the 90%-owned Rosh Pinah mine, in Namibia, and its fully-owned Caribou mine, in Canada. The Supreme Court of British Columbia last week granted a sales and investment solicitation process... 

An image of the Rosh Pinah mine, in Namibia
The Rosh Pinah mine, in Namibia

Agnico Eagle buys into Teck's Mexico copper/zinc project

By: Mariaan Webb     16th September 2022 Canadian miners Teck Resources and Agnico Eagle will become joint owners of the San Nicolas copper/zinc development project, in Mexico, the companies announced on Friday. Agnico Eagle would subscribe for $580-million shares in Teck subsidiary Minas de San Nicolás (MSN), giving it a 50% interest... 

An image of Teck CEO Don Lindsay
Teck CEO Don Lindsay

London zinc extends gains for sixth day on supply worries

By: Reuters     15th September 2022 Prices of London zinc were on track for their sixth straight session of gains on Thursday, as rising energy costs prompted smelters to close and fuelled worries about supply disruptions. Three-month zinc on the London Metal Exchange was up 0.5% at $3 244 a tonne, as of 07:29 GMT, having gained... 

Ivanhoe and Gecamines kick off construction at historic Kipushi zinc mine  

By: Mariaan Webb     13th September 2022 Construction has started at the Kipushi zinc mine, in the Democratic Republic of Congo (DRC), paving the way for the historic mine to return to production by late 2024 – a century since the mine was first opened and 30 years since it was placed on care and maintenance. Canadian company Ivanhoe... 

Ivanhoe and Gecamines kick off construction at historic Kipushi zinc mine  

Ministers follow President in visiting Jagersfontein diamond disaster area

By: Martin Creamer     12th September 2022 Following the visit of President Cyril Ramaphosa to the Jagersfontein-Charlesville area in the Free State, Minerals Resources and Energy Minister Gwede Mantsashe will today visit the diamond tailings deposition dam that burst its banks, killing at least one person and destroying homes. Mineral... 

Google map of the Jagersgontein tailings dam, which has burst its banks.
Photo by Google Maps
Google map of the Jagersgontein tailings dam, which has burst its banks.

Explorer’s licences show lithium potential

9th September 2022 Irish gold and zinc exploration company Arkle Resources was granted three licences covering 163 ha to prospect for lithium in the Insiza district of the Matabeleland South province of Zimbabwe in June. At the time, the directors reported their belief that these licences, which cover a small area,... 

Trevali to delist from TSX

By: Mariaan Webb     7th September 2022 Financially troubled Trevali Mining will be delisted from the TSX on October 3. Trading in Trevali’s shares has been suspended since August 22, when the company filed for protection under the Companies' Creditors Arrangement Act and this suspension will continue until the delisting takes effect. 

Titan cleared to start mining Sphaleros openpit

By: Creamer Media Reporter      6th September 2022 Toronto-listed Titan Mining has received the permit from the New York Department of Environment and Conservation (NYSDEC), allowing it to begin mining activities on the Sphaleros openpit mine project at the Empire State Mine (ESM). “We are pleased that NYSDEC has recognised the thoroughness of... 

New Century looks at solar options

By: Esmarie Iannucci     5th September 2022 Zinc miner New Century Resources is looking at solar solutions for its Century mine, in Queensland. The company on Monday announced that it had inked a memorandum of understanding (MoU) with ASX-listed APA Group for the supply of up to 8 MW of solar power to the Century Mine from the Mica Creek... 

Silver Bull option agreement with South32 scuppered by illegal blockades

By: Creamer Media Reporter      2nd September 2022 Mineral exploration and development company Silver Bull Resources has announced the termination of an option agreement with a subsidiary of South32, citing the illegal blockades at the Sierra Mojada project, in Mexico. The ongoing blockades are preventing South32 from progressing exploration... 

Santander mine owner applies for TSX listing

By: Mariaan Webb     30th August 2022 Cerro de Pasco Resources (CDPR), the company which bought the Santander mine from Trevali last year, has applied to list its common shares on the TSX. "Listing our shares to the TSX will mark a valuable milestone that will highlight CDPR's impact. This is a crucial step in our growth that will... 

China's reliance on foreign battery metals poses a challenge - industry

By: Reuters     26th August 2022 China needs to strengthen its domestic resources of battery metals including nickel, lithium and cobalt as its reliance on external supply poses a risk for its electric vehicle industry, a metals industry official said on Friday. China depends on overseas sources for 93% of its nickel, 98% of... 

Firm provides tech solutions to power a greener Mining 4.0

26th August 2022 As countries around the world pledge to achieve net-zero targets over the coming years, it’s not only governments and energy companies that will be put under pressure to deliver, says Nokia mining and natural resources strategic marketing director Marc Jadoul. He cites a recent McKinsey & Company... 

Boliden declares force majeure on zinc amid Norway strike

By: Reuters     23rd August 2022 Swedish miner Boliden has declared force majeure on zinc deliveries to Europe due to a strike among Norwegian electrochemical industry workers, although some production is still running, a company spokesperson said on Tuesday. The strike, which started on Monday, is targeting several... 

Most base metals climb on supply concerns, demand uncertainty

By: Reuters     23rd August 2022 Prices of most base metals moved higher on Tuesday, as supply-and-demand worries amid an energy crisis in Europe and China lent some support to the market against the backdrop of reduced stockpiles. The most-traded September zinc contract on the Shanghai Futures Exchange SZNc1 was up 2% at 25... 

Burkina Faso detains Perkoa managers

By: Mariaan Webb     22nd August 2022 Burkina Faso authorities have detailed a Perkoa mine manger and a manager from mining contractor Byrnecut, pending a trial on charges relating to the April flooding event at the mine, Trevali Mining has confirmed. The company is working with its legal representatives to seek the release of the... 

Uncertain demand prospects undermine copper prices

By: Reuters     22nd August 2022 Copper prices slipped on Monday as worries about demand dominated sentiment, though sliding inventories provided some support. A manufacturing slowdown in top metals consumer China in recent months because of Covid-19 lockdowns has weakened demand for the metal used widely in the power and... 

Uncertain demand prospects undermine copper prices

Troubled Trevali idles Canada mine, suspends Namibia expansion 

By: Mariaan Webb     22nd August 2022 Financially troubled Trevali Mining has suspended operations at its Caribou mine, in Canada, and placed the expansion of its Rosh Pinah mine, in Namibia, on hold, as the miner filed for protection from its creditors. Trevali was granted on Friday an initial order for protection from the British... 

The Caribou operation in Canada
The Caribou operation in Canada

South Africans called on to apply for funding to build South Africa’s hydrogen economy 

By: Martin Creamer     19th August 2022 A call for funding applications to be submitted for the development of the hydrogen economy is made in an advertisement placed today by South Africa’s Technology Innovation Agency (TIA), an entity of the Department of Science and Innovation (DSI). The call is for funding applications to be... 

Call for applications for funding for developing the hydrogen economy in South Africa.
Call for applications for funding for developing the hydrogen economy in South Africa.

Copper rises on hopes for improved Chinese demand

By: Reuters     18th August 2022 Copper prices rose on Thursday for the first time in a week as hopes for solid demand in China offset fears about the pace of interest rate rises and slowing economic growth. Global stock markets fell after US and European central bank officials said inflation pressures were not easing,... 

Orion raises $1.35m with strong South African support 

By: Martin Creamer     17th August 2022 Copper and zinc mine development company Orion Minerals has raised raised $1.35-million under its share purchase plan, with strong support from shareholders, particularly those in South Africa. The share purchase plan of the Sydney- and Johannesburg-listed company, headed by CEO Errol Smart,... 

Orion CEO Errol Smart.
Photo by Creamer Media
Orion CEO Errol Smart.

Zinc hits two-month peak on fears of shortages after Nyrstar move

By: Reuters     16th August 2022 Zinc prices surged to their strongest in two months on Tuesday after production was suspended at a Dutch smelter amid high power prices, stoking fears of shortages. Benchmark zinc on the London Metal Exchange jumped 6.6% to $3 797.50 a tonne by 10:30 GMT, the highest since June 9. Nyrstar said... 

Nyrstar to put Budel zinc operations on care and maintenance on Sept 1

By: Reuters     16th August 2022 Nyrstar will put its zinc smelting operations at Budel in the Netherlands on care and maintenance from September 1, the Belgian company said on Tuesday, citing "various external factors". Skyrocketing power prices have spurred suspensions and cutbacks by zinc smelters throughout Europe. Nyrstar... 

The Budel smelting operations
The Budel smelting operations

Trevali warns it will default on debt

By: Mariaan Webb     16th August 2022 Base metals miner Trevali warned on Monday that its liabilities exceeded its assets and that it would not be able to make a mandatory payment of $7.5-million on a revolving credit facility this week. This comes as the company has faced several setbacks, including a flooding event that shuttered... 

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