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Zinc News

Metals rebound as world's energy crisis keeps roiling the market

By: Bloomberg     22nd October 2021 Base metals were mostly higher, paring a weekly slump, as the global energy crisis kept roiling the energy-intensive sector. The global energy shortage, fueled by record coal and gas costs, has forced metal output cuts from China to Europe, depleting inventories. Freeport-McMoRan, the world’s... 

NorZinc’s Prairie Creek targets 261Mlb/y of zinc-equivalent

By: Mariaan Webb     22nd October 2021 TSX-listed NorZinc is starting on an updated definitive feasibility study for its Prairie Creek project, in the Northwest Territories, Canada, having completed a positive preliminary economic assessment (PEA). The PEA incorporates an updated mineral resource estimate of 9.8-million tonnes at... 

Consolidated signs offtake for Mexican zinc mine

By: Esmarie Iannucci     22nd October 2021 ASX-listed Consolidated Zinc has signed an offtake agreement for all of the zinc concentrate produced at its Plomosas project, in Mexico, for the entirety of 2022. Latin American mining company Industrias Penoles S.A. de C.V. has exercised its option to purchace all of the zinc concentrate from... 

Policy-not-law charter judgment going long way towards providing certainty – NSDV 

By: Martin Creamer     19th October 2021 The court judgement that the mining charter is policy and not law goes a long way towards providing regulatory certainty, says NSDV mining law senior associate Muhammed Khan ­– but it is not the end of the road, he cautions in a 1 500-word analysis entitled The Great Mining Charter Debate. Khan... 

Picutre supplied by NupenStaudeDeVries
NSDV mining law senior associate Muhammed Khan.

Incentive needed for smaller end of stock exchange to survive – Miller  

By: Martin Creamer     18th October 2021 An incentive is needed for the listing of companies on the smaller end of the stock exchange, which is facing an existential crisis, said AmaranthCX director and owner Paul Miller on Monday. Reacting to the groundswell of headlines about delistings and lack of listings on the Johannesburg Stock... 

Creamer Media screenshot of Paul Milller during October 2021 Zoom interview.
AmaranthCX director and owner Paul Miller interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Vedanta partners with Pink Drive on cancer screening for near-mine communities

By: Donna Slater     15th October 2021 Zinc producer Vedanta Zinc International, supported by the Pink Drive outreach programme, hosted its sixth yearly five-day cancer screening drive across the Namakwa district in the Northern Cape recently. The Pink Drive mobile clinics are known for providing free breast health assessments across... 

Vedanta partners with Pink Drive on cancer screening for near-mine communities

Energy crisis pushes copper towards best week since 2016

By: Reuters     15th October 2021 Copper on Friday was heading for its biggest weekly gain since 2016 as surging power prices threaten to curb supply at a time when exchange stockpiles are at rock bottom. A rapid rise in the cost of energy and shortages of power in China have already forced zinc and aluminium smelters to cut... 

An image of molten copper

Zinc hits 14-year high as Nyrstar cuts output due to power prices

By: Reuters     14th October 2021 Zinc prices climbed to their highest level in 14 years on Thursday on supply concerns after producer Nyrstar announced a plan to cut its output due to high power prices in Europe. The most-traded November zinc contract on the Shanghai Futures Exchange surged as much as 8% to 25 700 yuan ($3... 

Europe's carmakers face raw material bottleneck for EV batteries

By: Reuters     13th October 2021 Major carmakers like Volkswagen, Daimler and Stellantis have been racing to secure battery cell supplies in Europe, but may face a bigger challenge as they seek to go electric - finding enough battery raw materials. Failure to obtain adequate supplies of lithium, nickel, manganese or cobalt... 

Zinc hits fresh peaks as Nyrstar slashes output due to power prices

By: Reuters     13th October 2021 Zinc and aluminium prices stormed to fresh peaks on Wednesday as a power crisis sparked cuts in smelter output. Zinc touched a near 14-year high in Shanghai while in London they jumped the strongest in over three-and-a-half years after Nyrstar said it will cut production by up to 50% at its... 

Miners disclose CO2 emissions on LME's sustainability register

By: Reuters     13th October 2021 Nine metal producers including Antofagasta and Teck Resources have disclosed the carbon emissions from their metal producing operations on the London Metal Exchange's newly launched digital register. The register known as LMEpassport is aimed at users of the exchange wanting to support the... 

Glencore to sell Bolivian zinc assets

By: Creamer Media Reporter      13th October 2021 Diversified miner Glencore has announced the sale of its Bolivian zinc assets to Canada’s Santa Cruz Silver Mining for $110-million. Glencore will receive an initial $20-million on the completion date and a further $90-million in about four years from completion. Santa Cruz Silver, which is a... 

The hottest party in the metals world is back, but much smaller

By: Bloomberg     11th October 2021 Near-record copper prices are usually a sure sign that the parties will be extravagant and the champagne will flow all night when the metals world descends on London. But with Covid-19 still raging across much of the globe, the famously rowdy annual gathering of traders, financiers and producers... 

Exploration key to keeping South Africa on right side of future – investors 

By: Martin Creamer     11th October 2021 Exploration is key to keeping South Africa on the right side of the future-facing metals scenario, the Joburg Indaba heard last week from potential investors. During a panel discussion on mining sector prospects covered by Mining Weekly, the heads of international investment companies commented... 

Creamer Media screenshot of panel discussion at Joburg Indaba in October 2021
Photo by Creamer Media
Form top left clockwise are Fiona Perrott-Humphrey, Olivia Markham, Brett Beatty, Bernard Swanepoel and Mick McMullen.

South Africa’s exploration investment lowest since democracy began, Joburg Indaba hears  

By: Martin Creamer     7th October 2021 South Africa’s mining industry is at its lowest level of exploration investment since democracy began in 1994, the Joburg Indaba heard on Thursday. “Never have we spent less – and this is a pity because significant promises were made about an exploration plan for the country,” Joburg Indaba... 

Creamer Media screenshot from Joburg Indaba October 2021
Joburg Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

South Africa in danger of missing out on commodity boom, Joburg Indaba hears  

By: Martin Creamer     6th October 2021 A much more enabling environment is needed to ensure that South Africa does not miss out on yet another commodity boom, the Joburg Indaba heard on Wednesday. “We know that we’ve missed at least one commodity boom,” Foskor chairperson, Industrial Development Corporation director and founding... 

Creamer Media screenshot of PwC Africa CEO Dion Shango at Joburg Indaba 2021
Joburg Indaba opening session covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Innovative wireless sensor approach could make exploration cheaper – Prof  

By: Martin Creamer     5th October 2021 An innovative wireless sensor method of mapping the subsurface of the earth could make exploration cheaper and mining safer, says Professor Musa Manzi, the award-winning director of the Seismic Research Centre of the School of Geosciences at the University of the Witwatersrand. The method, which... 

Picture supplied
Wits Professor Musa Manzi interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Investment in mining crucial to ensure continued contribution to economy – PwC  

By: Martin Creamer     5th October 2021 Investment in the mining industry is crucial to ensure its continued contribution to the South African economy, says PwC in its thirteenth edition of SA Mine 2021, a series of publications that highlights trends in the South African mining industry. In a year of doom and gloom on so many fronts,... 

Creamer Media screenshots and design of elements presented at PwC SA Mine 2021
PwC presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Giant private mining companies getting away with no obligation to report anything publicly   

By: Martin Creamer     4th October 2021 A globally significant chrome producer operating six chrome mines and employing 7 000 people inside South Africa – with a social labour plan obligation on every mine, with tax and royalty obligations paid to the State – is permitted to operate in this country with no ongoing public disclosure... 

Creamer Media screenshot of Paul Miller taken during Zoom interview on 4 October 2021
AmaranthCX director Paul Miller interviewed on transparency by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Sibanye-Stillwater moving to radical transparency on public tailings disclosure 

By: Martin Creamer     29th September 2021 Gold, platinum and green metals company Sibanye-Stillwater is moving towards the embrace of radical transparency when it comes to public disclosure on matters relating to tailings facilities against the backdrop of 230 significant tailings failures having taken place globally. Sibanye-Stillwater... 

Creamer Media screenshot
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Europe’s energy crisis to hit miners’ long-term power deals, Boliden says

By: Bloomberg     26th September 2021 Europe’s energy crunch will prove more than just a short-term headache for mining companies because price spikes will be accounted for in long-term power contracts, Sweden’s Boliden said. The mining sector is the latest to warn that it’s being hit hard by the spike in power prices. As producers... 

An image of an electricity pylon against the setting sun.

Nyrstar cuts zinc output in the Netherlands due to energy crisis

By: Reuters     26th September 2021 Belgium-based Nyrstar has cut zinc production at its smelter in the Netherlands because of the rise in electricity prices in Europe, the company said in a statement. "Nyrstar's fully electrified zinc smelter in Budel-Dorplein, the Netherlands, is curtailing production during peak times of day... 

Teck cuts refined zinc output forecast on wildfire impact

By: Reuters     21st September 2021 Canadian miner Teck Resources cut its forecast for annual refined zinc production on Tuesday, citing an impact on its operations from wildfires in British Columbia. The company projected refined zinc production for 2021 to be in the range of 285 000 t to 290 000 t, down from a previous estimate... 

An image of Teck's Trial Operations
Teck's Trial Operations contains one of the world's biggest fully integrated zinc and lead smelting and refining complexes.

Glencore is leading transition metals major, says Deutsche Bank Research 

By: Martin Creamer     20th September 2021 Glencore is the leading major mining company when it comes to its portfolio of transition metals, says Deutsche Bank Research. The bank’s research analysts afford Glencore a top 1-to-5 position in copper, cobalt, zinc and nickel – metals they describe as being central to world’s decarbonisation... 

Screenshot of commodity revenue calculation by Morgan Stanley Research
Revenue by commodity calculated by Morgan Stanley Research

Fancamp to become cornerstone investor in ScoZinc

By: Creamer Media Reporter      17th September 2021 TSX-V-listed ScoZinc Mining and Fancamp Exploration have terminated a previously announced arrangement agreement and, instead, the companies entered into a new agreement whereby Fancamp will become a cornerstone investor in ScoZinc. Fancamp will invest in ScoZinc by way of a C$1.3-million... 

Zinc output set to recover this year, says GlobalData

By: Marleny Arnoldi     17th September 2021 Data and analytics company GlobalData says zinc production is set to recover by about 5.2% this year, reaching 12.8-million tonnes, from a 5.9% decline in 2020, to 12.1-million tonnes. Looking at production over 2021 to 2025, the company forecasts a compound annual growth rate of 2.1% and for... 

CAML exploring avenues to reduce emissions

By: Mariaan Webb     15th September 2021 London-listed Central Asia Metals (CAML) is exploring avenues to reduce emissions at its mines in North Macedonia and Kazakhstan, as the company continues working towards developing a climate change strategy. CAML, which on Wednesday announced interim results, said that it had negotiated to... 

An image of the Sasa operations in North Macedonia.
Sasa operations in North Macedonia

Mining companies launch International Mining Safety Hub to help reduce fatalities 

By: Creamer Media Reporter      15th September 2021 Various large mining companies have joined hands to launch the International Mining Safety (IMS) Hub – an online hub of industry-endorsed visual safety tools that allow for greater learning opportunities and improved safety for all levels of employees. "This is a collaboration by industry, for... 

A photo of a mineworker in a South African underground mine

South Africa’s junior mining dearth result of unintended consequence – AmaranthCX  

By: Martin Creamer     14th September 2021 South Africa’s junior mining dearth is a result of savings no longer flowing through to primary capital raising and stock exchange listings, as the Jacobs Committee expected them to do. The unintended consequence is that there are no longer small investors for small companies. This has negatively... 

Creamer Media screenshot of AmaranthCX director Paul Miller taken during Zoom interview.
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Outlook for metals improves – Moody’s

By: Tasneem Bulbulia     13th September 2021 Credit rating business Moody's Investors Service’s outlook for the global metals and mining industry changed to stable from positive with high prices expected to fade out throughout 2022. In a new report covering iron-ore, steel, coal, aluminium, gold, silver, nickel, copper and zinc, Moody's... 

Lundin CEO Inkster to step down

By: Creamer Media Reporter      10th September 2021 Base metals producer Lundin Mining on Thursday announced that CEO Marie Inkster would leave the company at the end of the year for personal reasons and that Peter Rockandel had been selected as her successor. Inkster joined Lundin in 2008 and served as CFO for ten years before being appointed... 

Senex to supply gas to Qld zinc mine

By: Esmarie Iannucci     9th September 2021 ASX-listed Senex Energy has inked a gas sales agreement with zinc miner New Century Resources for the sale of 7 PJ of natural gas over a three-year period Senex on Thursday announced that the natural gas would be supplied to New Century at the Diamantina power station in Mount Isa, generating... 

Resources Watch  

8th September 2021 This week: Unique refinery concept enters first phase; Harmony planning further 73 MW of green electricity generation; And, Implats contributes R13bn in taxes, royalties to South African government 

Resources Watch image
Resources Watch

Supplier keeps up with tech revolution

By: Halima Frost     3rd September 2021 Based on its BlueTechnology philosophy, metallurgical industry supplier SMS group has significantly broadened its expertise in processing, supplies and services for nonferrous metals production over the past year to meet the highest requirements of customers. “BlueTechnology in nonferrous metals... 

Three BlueSmelters supplied by SMS group in operation at Aurus automobile company in Russia for recycling of waste electrical and electronic equipment
BLUE GROUP SMS group has implemented its range of BlueTechnology offerings at a greenfield plant in Russia for the recycling of waste electrical and electronic equipment

Unique refinery concept enters first phase 

By: Halima Frost     3rd September 2021 Global industry body the International Zinc Association (IZA) Africa desk spokesperson Simon Norton says the first phase of its “bold plan” to implement South Africa’s own zinc refinery has started. This includes raising the much-needed funding for the research phase, he stresses. 

A drone image of the Skorpion zinc refinery in Namibia which South Africa imports zinc from according to the IZA Africa Desk
The International Zink Association African Desk spokesperson Simon Norton discusses the concept of a new zinc smelter with ultra-low power consumption and a novel smelting process in South Africa.

China completes latest metal auctions as Xi urges better reserves system

By: Reuters     1st September 2021 China released another 150 000 t of state metal inventories to the market on Wednesday, its reserves administration said, completing a third round of auctions so far this year as it aims to ease the pressure of high commodity prices on businesses. The sales, which began in early July, are the... 

An image of China President Xi Jinping
President Xi Jinping has called for China to better manage its state reserves system.

EV push sees spike in 'ínfluencer conversations' about the issues - GlobalData

By: Tasneem Bulbulia     1st September 2021 As several countries have committed to bringing in cleaner fuelled cars in a bid to reduce dependency on fossil fuels, the demand for electric vehicles (EVs) is quickly gaining traction in automotive markets around the world. This shift towards electrification is also propelling mining and power... 

Machine learning reaches mineral prospecting

By: Halima Frost     27th August 2021 The partnership between mining consulting services provider The MSA Group and Canadian mining software developer Koan Analytics has resulted in machine learning being available to minerals explorers in South Africa and throughout the world. “The partnership offers access to the most advanced... 

A map of ore deposits in a x-ray type image Ontario Canada for MSA Group and Koan
MINERAL MAP Clients will be able to use machine learning technology to map mineral resources across the globe
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