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Zinc News

Ivanhoe outlines $3.78bn capex plans for 2023/4

By: Darren Parker     1st February 2023 TSX-listed Ivanhoe Mines intends to spend a combined $3.78-billion in capital expenditure (capex) on its Kamoa-Kakula copper project and Kipushi zinc/copper mine, in the Democratic Republic of Congo, as well as on its Platreef platinum group metals mine, in Limpopo, South Africa, in 2023 and... 

Glencore's 2022 cobalt production up, along with oil, nickel, ferrochrome 

By: Martin Creamer     1st February 2023 Mining and marketing company Glencore produced 40% more cobalt last year, along with 16% more oil, 5% more nickel and 1% more ferrochrome. Although coal production of 110-million tonnes was 6.7-million tonnes higher, on a like-for-like basis, overall group coal production fell by 7%, primarily... 

Glencore CEO Gary Nagle.
Glencore CEO Gary Nagle.

South Africa well on way to unlocking incredible base metals potential – Orion 

By: Martin Creamer     31st January 2023 Emerging production hubs in the Northern Cape are opening the way for South Africa to be a producer of future-facing ‘green’ metals to support the global energy transformation and to mitigate against climate change.  The two emerging production hubs are the Prieska Copper-Zinc Mine and the Okiep... 

Dewatering plan at Prieska Copper-Zinc Mine.
Dewatering plan at Prieska Copper-Zinc Mine.

Teck forecasts big jump in copper output this year

By: Mariaan Webb     31st January 2023 Canadian miner Teck Resources has missed its production guidance for copper in 2022, but the company has set its sights on significantly higher output this year, as its new mine in Chile continues to ramp up. Copper production in 2023 will be in the range of 390 000 t to 445 000 t. The Quebrada... 

Teck forecasts big jump in copper output this year

New Century hopeful review bears fruit

By: Esmarie Iannucci     31st January 2023 Base metals miner New Century Resources is hoping that an organisational review, which was undertaken during the December quarter, would realise benefits from the March quarter onwards. The company on Tuesday said that the organisational review was aimed to optimise the operational performance... 

Squeezed mining companies face growth dilemma

By: Reuters     31st January 2023 High costs and the prospect of shrinking earnings have made big miners nervous about expansion, even as shareholders demand investment in response to robust commodity prices, China's reopening and the role of minerals in decarbonising the economy. Although years of cost discipline have repaired... 

Receiver appointed for Trevali’s Caribou assets

By: Mariaan Webb     27th January 2023 The Supreme Court of British Columbia has appointed FTI Consulting Canada as receiver, without security, of the assets of the base metals firm Trevali’s Caribou mine. The embattled base metals miner in August suspended operations at Caribou and halted plans to expand its Rosh Pinah mine, in... 

Miner embarks on conversion project

By: Sabrina Jardim     27th January 2023 This year’s Investing in African Mining Indaba – to be held at the Cape Town International Convention Centre from February 6 to 9 – will emphasise strategies to support supply chain security for the energy transition, and seize opportunities to capitalise on the commodities super cycle. In line... 

An image depicting a smiling man, Pushpender Singla
PUSHPENDER SINGLA VZI hopes to also establish socioeconomic benefits into the wider municipal and provincial communities, and the provincial and national fiscus

Mining company invests in local industry

By: Sabrina Jardim     27th January 2023 Linking with the theme of this year’s Investing in African Mining Indaba – to be held at the Cape Town International Convention Centre from February 6 to 9 – zinc mining company Vedanta Zinc International (VZI) pledged a R21-billion investment to develop its Gamsberg mine, in South Africa’s... 

An image depicting the Gamsberg operations
‘ZINC’ING OUT LOUD Vedanta Zinc International has committed investment to zinc mining and beneficiation, including the development of a zinc refinery complex, which is at the feasibility stage

Fresnillo meets 2022 guidance

By: Donna Slater     25th January 2023 London-listed Fresnillo has met its 2022 guidance, producing 53.7-million ounces of silver and 635 900 oz of gold from its mines in Mexico. Silver production was slightly above 2021’s output, with production from the Juanicipio mine and increased volumes of ore processed at Fresnillo, both in the... 

Sandfire maintains FY production guidance

By: Mariaan Webb     24th January 2023 Australia-based Sandfire has maintained its production guidance for the 2023 financial year, despite expecting the Matsa mine, in Spain, to perform at the lower-end of its guidance range for the year. The group’s guidance for copper production is between 83 000 t to 91 000 t, while its target... 

Study into US battery-grade manganese production making headway - South32

By: Mariaan Webb     23rd January 2023 Australia-headquartered South32 is progressing plans to potentially produce battery-grade manganese at its Hermosa project, in Arizona, with work on the selection phase of the prefeasibility study (PFS) of its Clark manganese/zinc/silver deposit now complete. Although the PFS selection study... 

Vedanta to sell Black Mountain and Skorpion to Hindustan Zinc

By: Bloomberg     20th January 2023 Vedanta will sell its international zinc operations to unit Hindustan Zinc for $2.98-billion in cash to help consolidate the businesses and pare debt for ultimate parent, Vedanta Resources. Rajasthan, India-based Hindustan Zinc will buy the assets of THL Zinc Mauritius in a phased manner from... 

Policy hampering transport rebuild

By: Leah Shelene Asaram     20th January 2023 Zinc is a highly valued metal in the rail and road sector because it is used to coat steel to reduce corrosion and extend the life to replacement of large capital items, says International Zinc Association Africa Desk executive director Simon Norton. There is an urgent need to rebuild and expand... 

New local zinc refinery deemed urgent

By: Leah Shelene Asaram     20th January 2023 The use of the multipurpose base metal, zinc, in South Africa, has “been through a rollercoaster over the past ten to 12 years”, says International Zinc Association (IZA) Africa Desk executive director Simon Norton. With the Zincor refinery – owned by minerals mining company Exxaro – being closed... 

An image of galvanised steel
COAT OF PROTECTION Refined zinc is largely used for galvanising steel and steel sheeting for the civil engineering and construction industries

Green hydrogen mine mobility on way in India to platinum applause

By: Martin Creamer     19th January 2023 India has opted for hydrogen fuel-cell heavy-duty mine truck mobility in a green initiative that will have platinum group metals (PGMs) miners applauding. This is because the clean emission-free power will come from proton exchange membrane PEM technology, which is PGM-enabled. 

Anglo American's large nuGen zero emissions haulage solution.
Photo by Creamer Media
Anglo American's large nuGen zero emissions haulage solution.

China’s reopening should underpin commodity demand acceleration – Barclays 

By: Martin Creamer     13th January 2023 China’s reopening and ‘whatever it takes’ approach to the property sector are tectonic shifts that should underpin an acceleration in commodity demand through 2023, say Barclays Equity Research analysts. 2023 is set to be another strong year for miners, European metals and mining analysts Amos... 

Iron-ore sparkle.
Iron-ore sparkle.

Metals prices could spike with markets so tight, Trafigura says

By: Bloomberg     12th January 2023 Geopolitical shocks could trigger a surge in metals prices because the market has never been tighter, according to Trafigura Group. “We could be pushed into extreme price levels,” Jeremy Weir, the commodity trader’s chief executive officer, said at a mining conference in Saudi Arabia. “We need... 

Trafigura CEO Jeremy Weir
Trafigura CEO Jeremy Weir

Platinum-boosting clean hydrogen projects, patents are all the rage 

By: Martin Creamer     11th January 2023 The implementation agreement for Namibia’s planned multibillion-dollar Hyphen Hydrogen Energy project is scheduled to commence in the first quarter of this year, Namibia President Hage Geingob revealed in his 2023 New Year’s message. Egypt has granted approval for two green hydrogen projects in... 

Clean hydrogen patent innovation is all the rage, say IEA and EPO.
Clean hydrogen patent innovation is all the rage, say IEA and EPO.

Dundee Precious Metals meets 2022 guidance

By: Mariaan Webb     10th January 2023 Canada-based Dundee Precious Metals has met its 2022 production guidance, with its two gold mines in Bulgaria achieving “impressive” results, while its Tsumeb zinc smelter, in Namibia, missed its full-year guidance. Dundee produced 273 100 oz of gold and 30.8-million pounds of copper in the... 

Glencore Canada buys Noranda Income Fund

By: Mariaan Webb     10th January 2023 Commodity trader and miner Glencore Canada has agreed to buy Noranda Income Fund for C$53.2-million in an all-stock transaction. Noranda Income Fund was established in 2002 as an income trust to distribute cash flow from the zinc processing facility in Salaberry-de-Valleyfield, Quebec, to... 

Peel reports resource estimate in NSW

By: Esmarie Iannucci     10th January 2023 Junior Peel Mining has reported a mineral resource estimate of some 20-million tonnes, containing 216 000 t of copper, 322 000 t of zinc, 151 000 t of lead, 22-million ounces of silver and 204 000 oz of gold for its South Cobar project, in New South Wales. The company this week told shareholders... 

Enable South Africa to become green hydrogen centre – ANC

By: Martin Creamer     9th January 2023 Enabling South Africa to become a green hydrogen centre through government support is highlighted in the January 8 Statement 2023 of the National Executive Committee (NEC) of the African National Congress (ANC). "The ANC recognises important work in the Hydrogen Roadmap and directs government to... 

Cover image of 22-page ‘Year of Decisive Action’ document to mark ANC’s 111th anniversary.
Cover image of 22-page ‘Year of Decisive Action’ document to mark ANC’s 111th anniversary.

Trevali identifies buyer for Rosh Pinah stake

By: Creamer Media Reporter      19th December 2022 Embattled base metals miner Trevali Mining will sell its 90% interest in the Rosh Pinah mine, in Namibia, to Appian Natural Resources Fund III and Appian Natural Resources (UST) Fund III. This forms part of a court-sanctioned sales process, initiated in September, for Trevali’s interest in Rosh... 

Aurelia sets end date for Hera

By: Esmarie Iannucci     19th December 2022 ASX-listed Aurelia Metals on Monday announced plans to permanently cease commercial production at its Hera underground mine, in New South Wales, towards the end of March next year. The company told shareholders that the cessation of mining would be earlier than previously planned, however,... 

Aurelia to shut Hera underground

By: Esmarie Iannucci     19th December 2022 ASX-listed Aurelia Metals on Monday announced plans to permanently cease commercial production at its Hera underground mine, in New South Wales, towards the end of March next year. The company told shareholders that the cessation of mining would be earlier than previously planned, however,... 

Ascendant one step away from 80% ownership in Portugal project

By: Creamer Media Reporter      15th December 2022 Toronto- listed Ascendant Resources has satisfied all financial conditions required to increase its effective ownership interest from 50% to 80% in the Lagoa Salgada volcanogenic massive sulphide (VMS) project, in Portugal. The company has made the final $2.5-million payment to the optionor as... 

Orion Minerals appoints Peet van Coller as CFO

By: Schalk Burger     15th December 2022 JSE-listed metals exploration and development company Orion Minerals has announced that Peet van Coller has been appointed CFO, with effect from April 1, 2023. The appointment forms part of a series of recent and planned appointments to Orion’s leadership team in South Africa, as the company... 

Glencore working on value accretive emission reduction 

By: Martin Creamer     8th December 2022 Over and above the carbon emission reduction that automatically results from declining coal assets, diversified mining and marketing company Glencore is working on reducing its Scope 1 and 2 emissions across its entire portfolio of assets in a manner that is largely value accretive or cost free.... 

Glencore industrial assets head Peter Freyberg.
Glencore industrial assets head Peter Freyberg.

Anglo invests $200m to accelerate zero emissions haulage solution 

By: Martin Creamer     7th December 2022 Diversified mining company Anglo American has signed a binding agreement with First Mode, the specialist engineering technology company it partnered to develop the nuGenTM technology. The agreement is intended to accelerate the commercialisation of the climate-friendly truck and includes Anglo... 

Nyrstar's Auby zinc plant on care and maintenance until further notice

By: Reuters     7th December 2022 Nyrstar has completed scheduled maintenance work at its Auby operation in Northern France, but the smelter will not resume zinc production due to challenging market conditions, the Belgium listed company said on its website. Nyrstar did not specify the challenges. "The plant will now be placed... 

Strong call for rapid green hydrogen investment by ramp-up backer 

By: Martin Creamer     30th November 2022 A strong call for final investment decisions (FIDs) on a multiplicity of green hydrogen projects was made at the South Africa Green Hydrogen Summit in Cape Town yesterday by H2Global, a market ramp-up instrument that serves as an innovative form of subsidy scheme to smooth out bumps along green... 

Taking part in the South Africa Green Hydrogen Summit panel discussion are (from left to right) facilitator Lorato Tshenkeng, Timo Bollerhey, Till Mansmann, Sasol’s Gosiame Khoele, and Tobias Bischof-Niemz.
Photo by Creamer Media
Taking part in the South Africa Green Hydrogen Summit panel discussion are (from left to right) facilitator Lorato Tshenkeng, Timo Bollerhey, Till Mansmann, Sasol’s Gosiame Khoele, and Tobias Bischof-Niemz.

R4-trillion needed for South Africa’s hydrogen economy, PIC declares  

By: Martin Creamer     28th November 2022 South Africa’s State-owned Public Investment Corporation (PIC) stated on Monday that more than R4.3-trillion is required for the development of the hydrogen economy, which it declared positive for people, planet, and client portfolios. The hydrogen investment strategy of the PIC, which has... 

Hydrogen promises to be the next frontier in clean energy technology due to its extensive value chain applications.
Photo by Siemens
Hydrogen promises to be the next frontier in clean energy technology due to its extensive value chain applications.

South Africa’s mining market is dynamic and fast-moving, Siemens Large Drives finds  

By: Martin Creamer     25th November 2022 South Africa is a super dynamic and super fast-moving market, says Siemens Large Drives global solutions head Oliver Beck, who has just completed a week of discussions with customers to highlight sustainability solutions for mining. From his perspective, South African mining economy is at the... 

Siemens Large Drives global solutions head Oliver Beck.
Siemens Large Drives' Oliver Beck, Tim Walwyn talk to Mining Weekly's Martin Creamer. Video: Nicholas Boyd, Shadwyn Dickinson. Video Editing: Darlene Creamer. Pictures: Donna Slater.

Denarius granted option to buy 80% of Spanish zinc/lead project

By: Creamer Media Reporter      23rd November 2022 Canada-based Denarius Metals has been granted a definitive option agreement to acquire, in two stages, up to 80% in Aim-listed Europa Metals’ Spanish subsidiary, which owns the Toral zinc/lead/silver project. Denarius executive chairperson and CEO Serafino Iacono says the company is pleased to... 

South Africa’s crime crisis ruling out economic growth, sustainability discussion hears  

By: Martin Creamer     23rd November 2022 South Africa’s economic paradox is that it cannot grow economically if it has a burgeoning crime crisis but it is unable to solve the burgeoning crime crisis if it is not growing. That was the opening comment of outgoing Mineral Council South Africa CEO Roger Baxter, who anchored the second of... 

Roger Baxter.
Roger Baxter.

Platinum moving into meaningful deficit amid emergent source of new end-demand 

By: Martin Creamer     22nd November 2022 Platinum is moving into meaningful deficit amid an emergent source of new end-demand in the form of green hydrogen. The 2022 surplus of 804 000 oz is projected to move into a deficit of 303 000 oz in 2023, according to the Platinum Quarterly of the World Platinum Investment Council (WPIC) for the... 

World Platinum Investment Council director of research Edward Sterck.
World Platinum Investment Council Director of Research Edward Sterck interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Top green hydrogen/fuel cell collaboration boost for platinum-group metals 

By: Martin Creamer     16th November 2022 A joint development agreement struck between global majors Nel Hydrogen US and General Motors is expected to speed up the development of green hydrogen technology that is competitive with fossil fuels.  The aim of agreement is to help accelerate the industrialisation of Nel’s proton exchange... 

Green hydrogen and fuel cell collaboration announced by Nel and General Motors of the US.
Green hydrogen and fuel cell collaboration announced by Nel and General Motors of the US.
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