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Zinc News

Group Eleven intersects its ‘best-ever mineralisation’

By: Donna Slater     Updated 2 hours 7 minutes ago Vancouver-headquartered zinc explorer Group Eleven’s share price surged nearly 40% on Monday, as the company announced its best-ever mineralisation at the PG West project in Ireland. The company intersected 10.3 m of 14.6% zinc, 5% lead (19.6% combined) and 43 g/t silver during its drilling... 

Minerals Council regrets delay of 2018 Mining Charter review 

By: Martin Creamer     Updated 2 hours 39 minutes ago Minerals Council South Africa on Monday expressed regret that the finalisation of the review of the contested elements of the 2018 Mining Charter had been delayed following a judgement of the full bench of the High Court in Pretoria ordering that a number of other parties be joined to the action.... 

Minerals Council regrets delay of 2018 Mining Charter review
Photo by Creamer Media
Minerals Council South Africa.

Commercial production declared at Century zinc mine

By: Esmarie Iannucci     6th July 2020 Zinc miner New Century Resources has declared commercial production at its Century zinc mine, in Queensland. “Despite the Covid-19 pandemic, operations at Century continue to ramp up and have again delivered record production in the June quarter. Century has now achieved seven consecutive... 

Mitsui Mining resumes operation of Peru's zinc mines

By: Reuters     6th July 2020 Japan's Mitsui Mining and Smelting said on Monday its two zinc mines in Peru resumed operations on July 2 after a closure of more than three months to limit the spread of the novel coronavirus. The company's Huanzala and Palka mines had been suspended since March 16 after the local government... 

More than 80 at Trevali mine positive for Covid

By: Mariaan Webb     6th July 2020 TSX-listed Trevali Mining now has more than 80 confirmed cases of Covid-19 at its Santander operation, which is nearly 30% of the total workforce of the mine in Peru. The company suspended operations at Santander in late June, after 19 workers tested positive for the virus during routine... 

More than 80 at Trevali mine positive for Covid
The Santander mine, in Peru.

Reopening of economies boosting metals prices 

By: Marleny Arnoldi     3rd July 2020 Since lockdown measures have started to ease around the world to contain Covid-19, ratings and research agency Standard & Poor’s Global (S&P Global) says the reopening of economies, combined with monetary stimulus by banks and governments, has allowed industrial metal prices to rise. However,... 

Reopening of economies boosting metals prices

Get going with galvanizing: new book for engineers from IZA

By: Shannon de Ryhove     3rd July 2020 The International Zinc Association (IZA) will launch its new publication, The Essentials of Galvanizing, during a webinar hosted by Creamer Media Contract Publishing on July 15, 2020. The publication offers the civil engineering and construction industry valuable insights into the importance of... 

Get going with galvanizing: new book for engineers from IZA

Covid kills 13 mineworkers, no foreigners back at work  

By: Martin Creamer     2nd July 2020 Thirteen mineworkers have now succumbed to the coronavirus, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Of the 13 who have died, seven were employed in platinum mining in North West province, which has the most cases at 1 413... 

Covid kills 13 mineworkers, no foreigners back at work
Minerals Council South Africa Covid update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

ELB’s delisting-linked offers send up share price

By: Martin Creamer     1st July 2020 The board of directors of ELB on Wednesday made delisting-linked offer to its shareholders, which saw its share price rise. By late afternoon, the JSE-listed company’s price had risen by 54.17% to R1.85 a share. The capital equipment and engineering solutions group proposed a transaction to... 

ELB’s delisting-linked offers send up share price
Photo by Creamer Media
Gamsberg zinc mine project in the Northern Cape, where ELB Engineering Services was active.

Zinc prices increase likely as global demand shock wanes, says Fitch Solutions

By: Donna Slater     29th June 2020 Zinc prices are likely to edge higher in the next three to six months, as the negative shock to global demand from the Covid-19 outbreak lessens, says financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research. Support for prices, it notes, will... 

Increased continued loan support for Orion confirmed 

By: Martin Creamer     29th June 2020 Private equity group Tembo Capital Mining Fund II LP on Monday confirmed its increased continued support of Orion Minerals through a loan facility boost. The Sydney- and Johannesburg-listed Orion is developing the Prieska copper-and-zinc project in the Northern Cape. 

Increased continued loan support for Orion confirmed
Orion is developing the Prieska copper-and-zinc project in the Northern Cape.

Alta raises cash for Italian drilling

By: Esmarie Iannucci     25th June 2020 ASX-listed Alta Zinc has secured A$3.6-million to fund exploration work at its Gorno zinc project in Italy. The junior has received firm commitments from professional and institutional investors for the placement of 890.5-million shares, priced at 40c each, and more than 296.5-million listed... 

LME to examine floor reopening after easing of UK lockdown

By: Reuters     24th June 2020 The London Metal Exchange (LME) will examine whether the easing of social-distancing restrictions in England from July 4 will apply to its open-outcry floor, which has been closed for three months. The 143-year-old exchange temporarily closed the floor - the last open-outcry floor in Europe - on... 

Deep sea mining could destroy undiscovered species, says Ocean Panel 

By: Reuters     24th June 2020 Mining on the sea floor should not begin before a full assessment of likely environmental impacts can be made, a report commissioned by the High Level Panel for a Sustainable Ocean Economy (Ocean Panel) said on Wednesday. Environmentalists including Britain's David Attenborough have called for a... 

Deep sea mining could destroy undiscovered species, says Ocean Panel

Glencore says will cooperate with investigation by Swiss

By: Martin Creamer     20th June 2020 Diversified mining company Glencore stated at the weekend that it would cooperate with an investigation opened into it by the office of the attorney general of Switzerland. Glencore stated in a release to Mining Weekly that it had been informed by the office of the attorney general that it had... 

Glencore says will cooperate with investigation by Swiss
Photo by Bloomberg
Glencore head office.

More border openings wanted for returning workers – Minerals Council 

By: Martin Creamer     15th June 2020 More border openings are wanted for returning foreign mineworkers. As of Thursday last week, not a single foreign mineworker had re-entered South Africa from neighbouring foreign countries. “Only a limited number of border posts are open,” Minerals Council South Africa environment, health and... 

More border openings wanted for returning workers – Minerals Council
Minerals Council South Africa Covid-19 Update covered by Mining Weekly Online’s Martin Creamer. Video: Darlene Creamer

Tembo extends loan for Prieska copper/zinc project in Northern Cape

By: Martin Creamer     15th June 2020 Private equity group Tembo Capital has confirmed its continued support of Orion Minerals through an extension to the term of the $3.6-million loan facility. Sydney- and Johannesburg-listed Orion in January announced the convertible loan facility, which has now been extended from June 25 to... 

Tembo extends loan for Prieska copper/zinc project in Northern Cape
Prieska copper/zinc project in Northern Cape.

240 000 miners back at work – Minerals Council South Africa 

By: Martin Creamer     11th June 2020 An estimated 240 000 miners are back at work on 385 large and small mines across South Africa, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Each and every one of these miners was screened on their return to work after lockdown... 

240 000 miners back at work – Minerals Council South Africa
Mining Weekly’s Martin Creamer reports on Covid update by Minerals Council South Africa. Video: Darlene Creamer 11.06.2020

ICMM members record 287 fatalities in 2019

By: Martin Creamer     11th June 2020 The International Council on Mining and Metals (ICMM) on Thursday released the 2019 safety data of its company members, who reported 287 occupational fatalities, a marked increase from the 50 fatalities recorded in 2018 and 51 fatalities recorded in 2017. ICMM said in a media release to Mining... 

ICMM members record 287 fatalities in 2019
ICMM CEO Tom Butler

Permitting for Ambler mining district road nearing completion – Trilogy

By: Mariaan Webb     10th June 2020 Permitting for the 340 km road that will open up the prospective Ambler mining district, in Alaska, to resource development is in its final stages and a record of decision (RoD) is expected "imminently, possibly in the next month". A positive RoD will open the way for engineering and construction... 

Permitting for Ambler mining district road nearing completion – Trilogy
Photo by Trilogy Metals
The camp at Bornite, Alaska.

Global mining forum IGF puts forward sweeping employment reforms 

By: Martin Creamer     10th June 2020 The Intergovernmental Forum on Mining Minerals Metals and Sustainable Development (IGF) on Wednesday put forward sweeping mining employment reforms in response to the Covid-19 pandemic, which has, it states, exposed weak points in the global labour market. IGF emerged from the 2002 World Summit... 

Global mining forum IGF puts forward sweeping employment reforms
Photo by Bloomberg
Sweeping mining reforms advocated in response to Covid-19.

First Quantum Minerals tops Zambian taxpayer list

By: Donna Slater     5th June 2020 Copper, gold and zinc miner First Quantum Minerals (FQM) paid over K7-billion in taxes and royalties to the Zambian government in 2018, representing almost 40% of total payments made by the mining industry, making it the nation’s largest taxpayer. 
The 2018 Zambia Extractive Industry Transparency... 

Well positioned to weather storm – Standard Bank

By: Martin Creamer     4th June 2020 The Standard Bank is well positioned to weather the Covid-19 storm and remains determined to emerge from this crisis as a stronger Africa-focused financial services group, Standard Bank Group FD Dr Arno Daehnke said on Thursday. The capital and liquidity levels of Africa’s biggest lender by... 

Well positioned to weather storm – Standard Bank
Standard Bank building.

Mozambique streaks ahead with new e-government cadastre advance 

By: Martin Creamer     3rd June 2020 While South Africa is still trundling along laboriously with a minerals cadastre system fraught with shortcomings, Mozambique has rocketed to the highest firmament of e-government licence processing, Mining Weekly can report. Mozambique first led the pack 17 years ago when, ironically, it latched... 

Mozambique streaks ahead with new e-government cadastre advance
Mozambique mining cadastre portal.

New solution for monitoring tailings dams 

By: Martin Creamer     2nd June 2020 The tragic tailings dam breach in Brazil that killed more than 270 people has focused the world of mining on making tailings dams safe. Earlier this year, and environmental organisation Grid-Arendal launched the world’s first publicly accessible global database of mine tailings storage facilities... 

New solution for monitoring tailings dams
Photo by Creamer Media
Tailings dam.

It’s official, the hottest party in the metals world is cancelled

By: Bloomberg     2nd June 2020 The London Metal Exchange (LME) has pulled the plug on the biggest annual gathering in the metals market, cancelling all its own events during October’s LME Week because of coronavirus concerns. From its origins as an annual gathering organised by the LME’s golf association, the week-long roster... 

Minister urges mines to test without fear of mine closure 

By: Martin Creamer     29th May 2020 Mineral Resources and Energy Minister Gwede Mantashe on Friday urged mines to test for Covid-19 to the full extent without fearing mine closure. The Minister was responding to a media question on the steps the Department of Mineral Resources and Energy (DMRE) was taking to end the backlog of... 

Minister urges mines to test without fear of mine closure
Photo by Creamer Media's Donna Slater
Gwede Mantashe

Conversation on getting economy back on track post-Covid has begun   

By: Martin Creamer     28th May 2020 The conversation has begun on getting the South African economy back on track with the necessary structural reforms post-Covid, Minerals Council South Africa CEO Roger Baxter said on Wednesday. Speaking at question time during a virtual media conference following the council’s annual general... 

Conversation on getting economy back on track post-Covid has begun
Minerals Council’s virtual media conference covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

BHP/Glencore/Teck venture resumes operations after Covid-19 suspension

By: Creamer Media Reporter      28th May 2020 The Antamina copper/zinc mine, in Peru, will resume operations at 80% capacity, 22.5%-owner Teck Resources reported on Wednesday. The mine will gradually ramp up to full production capacity in the third quarter, while adhering to comprehensive Covid-19 protocols. Antamina operated under an... 

Second stage of Kefi’s drilling programme in Saudi Arabia completed

By: Simone Liedtke     27th May 2020 Gold and Minerals (G&M), Kefi Minerals’ 34%-owned joint venture company, has now completed Stage 2 of the Hawiah diamond drilling programme, in Saudi Arabia, thereby increasing the number of completed drill holes to 69 since October 2019, when the first drill hole was completed. Copper, zinc,... 

Environmental, social, governance integral to Prieska copper-zinc project 

By: Martin Creamer     27th May 2020 The Prieska copper-zinc mine being developed so spectacularly by Orion Minerals in the Northern Cape has environmental, social and governance principles integrally built into it, Mining Weekly can today report. The updated bankable feasibility study just released not only reduces the capital... 

Environmental, social, governance integral to Prieska copper-zinc project
General layout of the Prieska project

Prieska economics improve with BFS

By: Esmarie Iannucci     26th May 2020 An updated bankable feasibility study (BFS) into the Prieska copper/zinc project, in South Africa has increased the capital requirements for the project by some A$21-million while extending the mine life and increasing the expected free cash flows. ASX-listed Orion Minerals on Tuesday told... 

Prieska economics improve with BFS
Orion Minerals CEO Errol Smart

Full reopening of mining from June 1 – President Ramaphosa

By: Martin Creamer     24th May 2020 Subject to strict Covid-19 protocols, mining will be allowed to reopen fully from June 1, President Cyril Ramaphosa said on Sunday. In his address on South Africa’s response to the coronavirus pandemic, the President announced that South Africa would advance to level 3 from June 1, with an... 

Full reopening of mining from June 1 – President Ramaphosa
Photo by Creamer Media's Donna Slater
President Cyril Ramaphosa

Leon lists measures to attract mining investment in these challenging times  

By: Martin Creamer     22nd May 2020 South Africa should consider appointing an independent minerals regulator to speed up minerals licensing, Herbert Smith Freehills Africa co-chair Peter Leon said during a webinar this week. Responding to Patrick Leyden, who moderated the webinar entitled re-imagining the sub-Saharan mining... 

Leon lists measures to attract mining investment in these challenging times
Herbert Smith Freehills Africa Co-Chair Peter Leon spoke at a webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Cacophony of voices on LME floor may not be heard for many months

By: Reuters     21st May 2020 The London Metal Exchange's open outcry trading floor may remain closed for many more months as it cannot be reopened under COVID-19 social distancing restrictions, the head of the exchange said. LME CEO Matthew Chamberlain also told Reuters the exchange would look at potential M&A activity, but... 

Mining becoming significant corporate buyer of renewable energy ­– ICMM 

By: Martin Creamer     21st May 2020 The mining industry has started to become a significant corporate buyer of renewable energy in regions where these technologies have become reliable and cost-competitive compared with fossil fuel-based electricity, says the International Council on Mining and Metals (ICMM). These regions include... 

Mining becoming significant corporate buyer of renewable energy ­– ICMM
Wind turbines at Gold Fields’ Agnew gold mine in Western Australia.

Gazetted Covid guideline restates much of what mining has already adopted 

By: Martin Creamer     20th May 2020 The newly gazetted guideline to prevent, mitigate and manage the Covid-19 pandemic on mines is largely a restatement of what has already been adopted by the mining industry. Most of the requirements of the code of practice (COP) mandated in the gazette already form part of the standard operating... 

Gazetted Covid guideline restates much of what mining has already adopted
ENSafrica executive consultant Willem le Roux

Covid prevention a must at mines – gazette 

By: Martin Creamer     20th May 2020 Covid-19 prevention, mitigation and management programmes must be established at mines using the guideline gazetted by Chief Inspector of Mines David Msiza on Tuesday. The gazette notice states that this guideline provides minimum requirements for the compilation of a code of practice to prevent... 

Covid prevention a must at mines – gazette
Photo by Creamer Media
Chief Inspector of Mines David Msiza
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