https://www.miningweekly.com
R/€ = 18.44 Change: -0.01
R/$ = 15.21 Change: -0.05
Au 1838.50 $/oz Change: -2.02
Pt 1055.28 $/oz Change: 11.55
 

Zinc News

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. 

Glencore spells out emission-reduction pathway to 2050
Photo by Bloomberg
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... 

Lundin copper output to rise by 25% next year

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... 

Vedanta continues search for worker trapped underground at South Africa zinc mine

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... 

Business rights or human rights? Swiss vote shines spotlight on companies

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... 

Coal mine on point of turning acid mine drainage into potable water at no cost
Trailblazer Technologies director John Bewsey interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Australian zinc smelter Sun Metals joins RE100 zero carbon initiative

By: Reuters     23rd November 2020 Sun Metals Corporation, a unit of Korea Zinc, said on Monday it would commit to being carbon neutral by 2040, as part of an initiative that sees large companies set zero carbon targets to help slow the impacts of climate change. The zinc smelter was Australia's first major energy user to build... 

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,... 

Search for last miner trapped at Gamsberg goes on

NT govt approves McArthur River amendments

By: Esmarie Iannucci     20th November 2020 The Northern Territory Minister for Mining and Industry Nicole Manison has approved major Glencore’s amended mining management plan for the McArthur River zinc mine, allowing mining activities to continue. “The territory government is supporting jobs and protecting the environment through strict... 

NT govt approves McArthur River amendments

Sierra announces expansion plans for Yauricocha

By: Mariaan Webb     19th November 2020 TSX- and NYSE American-listed Sierra Metals has announced the results of a preliminary economic assessment (PEA) looking at the expansion of its Yauricocha mine, in Peru, and has said that it is also considering growth options at the Cusi mine, in Mexico. At Yauricocha, Sierra has considering... 

Sierra announces expansion plans for Yauricocha

New Toral study significantly expands production

By: Mariaan Webb     18th November 2020 The Toral lead/zinc project, in north-west Spain, could be a significantly larger operation than previously contemplated, with a new independent study pegging its production rate at 700 000 t/y. This compares with a previous scoping study design of 450 000 t/y. The 700 000 t/y operation is... 

New Toral study significantly expands production

Gamsberg zinc mine shut during search for missing miners, Vedanta says

By: Reuters     18th November 2020 Gamsberg zinc mine in South Africa has been shuttered until further notice while a search continues for two workers still missing after an accident, the owner Vedanta Zinc International (VZI) said on Wednesday. Eight workers have already been rescued after Tuesday's accident, the unit of Vedanta... 

CAML board recommends interim dividend

By: Mariaan Webb     11th November 2020 The board of Central Asia Metals Limited (CAML) has recommended a 6p a share interim dividend, which will be paid on December 11. The London-listed company previously deferred a decision on an interim dividend, after the leakage from its Sasa tailings storage facility 4 (TSF4) in North Macedonia. 

CAML board recommends interim dividend

Platinum-linked green hydrogen economy right for Africa, says project manager  

By: Martin Creamer     10th November 2020 The long value chain of green hydrogen economy has the potential to create a multiplicity of jobs and open up the market for investment possibilities for the Southern African region into what is expected to become a multi-trillion-dollar global decarbonisation market. Forschungszentrum Jülich... 

Platinum-linked green hydrogen economy right for Africa, says project manager
Mining Weekly’s Martin Creamer is given update on platinum-linked green hydrogen. Video: Darlene Creamer.

ScoZinc pursuing project finance talks for Scotia mine

By: Creamer Media Reporter      9th November 2020 TSX-V-listed ScoZinc remains in active discussions with various capital providers for the Scotia project, near Halifax, the company said on Friday. The company recently completed a prefeasibility study (PFS) for the project, which indicates that the past-producing zinc and lead mine could... 

Lundin’s Inkster appointed IZA chair

By: Creamer Media Reporter      9th November 2020 The International Zinc Association (IZA) has appointed Lundin Mining president and CEO Marie Inkster as its new chairperson. Inkster has succeeded Rodrigo Daud, who has served as IZA chair for the past four years. Commenting on the appointment, Inkster says she looked forward to supporting IZA... 

Renewable energy reinforces case to restart domestic beneficiation − Smart

By: Donna Slater     6th November 2020 With energy security being a significant impediment to unlocking greater investment in the resources sector of South Africa, panellists and guests heard during the Africa Down Under conference on November 6 that energy is critical for the resources sector. Orion Minerals CEO and MD Errol Smart... 

Orion Minerals receives Australian ESG award 

By: Simone Liedtke     4th November 2020 Australian junior miner Orion Minerals, which is accelerating the development of its Prieska copper/zinc project, in South Africa’s Northern Cape, has received the inaugural Australian-Africa Minerals & Energy Group (Aameg) environment, social and governance (ESG) leader award.   

Clean, green copper of N Cape will be produced at nigh zero cost – Orion 

By: Martin Creamer     3rd November 2020 The clean, green copper that Orion Minerals will mine with the help of the Northern Cape’s hot sun and prime wind will be almost free of cost, paid for by the zinc credits, Orion Minerals CEO Errol Smart said on Tuesday. “If you take it as a copper mine only, net of zinc credits, we come close to... 

Clean, green copper of N Cape will be produced at nigh zero cost – Orion
Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Smart says global decarbonisation journey will benefit Northern Cape base metals hub

By: Simone Liedtke     3rd November 2020 Growing global demand for zinc, copper and tin minerals will place South Africa’s Northern Cape in a favourable position as the world continues to decarbonise the global economy, says Orion Minerals MD and CEO Errol Smart. The use of battery metals, of which copper is a main component, will... 

Exploration is priority, says Mineral Resources Minister Gwede Mantashe  

By: Martin Creamer     3rd November 2020 South Africa should be an exploration site that contributes to gross domestic product growth and employment creation. “Exploration is the way to go and a priority,” Mineral Resources and Energy Minister Gwede Mantashe told the 2020 Junior Indaba in his keynote address on Tuesday. (Also watch... 

Exploration is priority, says Mineral Resources Minister Gwede Mantashe
The Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Flow-through must not only incentivise exploration but also market participation – Miller 

By: Martin Creamer     2nd November 2020 A flow-through share scheme tax incentive, currently under consideration for South Africa, must serve to incentivise not only exploration but also public listed market development and market participation by a diversity of investors. Mining supply sales consultancy AmaranthCX director Paul Miller... 

Flow-through must not only incentivise exploration but also market participation – Miller
Photo by Creamer Media
Mining supply sales consultancy AmaranthCX director Paul Miller

Tembo Capital extends term of loan for Orion’s Prieska project

By: Donna Slater     29th October 2020 Private equity group Tembo Capital has extended the term of the repayment date of the $3.6-million loan facility set aside to advance metals explorer Orion Minerals’ Prieska copper/zinc project, in the Northern Cape, to June 30, 2021. The loan facility was originally due for repayment by October 31. 

Newmont increases quarterly dividend by 60% to $0.40 a share

By: Creamer Media Reporter      29th October 2020 NYSE- and TSX-listed Newmont Corporation has declared a quarterly dividend of $0.40 a share for the third quarter. The dividend, payable on December 28, represents a 60% increase compared with the prior quarterly dividend of $0.25 a share. 

Boliden reports healthy third-quarter output, financial performance

By: Marleny Arnoldi     28th October 2020 Swiss miner Boliden says its milled production volumes during the third quarter remained on par with that of the second quarter of the year, but came in higher than that of the prior year's third quarter. The company reported an operating profit of SEK2.2-billion for the quarter ended September... 

Chaarat maintains guidance amid instabilities in its operating countries

By: Marleny Arnoldi     28th October 2020 Aim-listed Chaarat has produced 15 175 gold-equivalent ounces (GEOs) in the third quarter, an increase of 8.7% on the second quarter’s output but 0.4% lower on that produced in the third quarter of 2019. This places the company on track to achieve its full-year guidance of 55 000 GEOs.  

Brixton Metals, HPX enter into $44.5m earn-in agreement over Hog Heaven project

By: Creamer Media Reporter      28th October 2020 Canadian exploration and development company Brixton Metals has entered into a binding heads of agreement with High Power Exploration (HPX), a mineral exploration and development company led by chairperson and CEO Robert Friedland, with respect to a $44.5-million earn-in and joint venture on... 

Hopes rise as top firms arrive at potential flow-through share model to stimulate mining exploration  

By: Martin Creamer     27th October 2020 A flow-through share model has been drawn up with the help of top firms to stimulate badly neglected mining exploration in South Africa, Minerals Council South Africa junior and emerging miners leadership forum chairperson Errol Smart said on Tuesday. Speaking to Mining Weekly in a Zoom... 

Hopes rise as top firms arrive at potential flow-through share model to stimulate mining exploration
Minerals Council South Africa Junior Miners’ Forum Chairperson Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Covid has highlighted the value of operating remotely – mining editor 

By: Martin Creamer     22nd October 2020 The extraction of data from machinery to improve decision-making is a key benefit of the digital mine and has changed the way that mines manage their assets and perform machine maintenance, Australia Mining managing editor Ben Creagh said on Wednesday. Creagh was speaking during a virtual... 

Covid has highlighted the value of operating remotely – mining editor
ifm Australia’s Freddie Coertze and Aditya Kunder.

Atalaya buys polymetallic project near Riotinto mine

By: Mariaan Webb     21st October 2020 London-listed Atalaya Mining on Wednesday announced the acquisition of a polymetallic project about 28 km from its Proyecto Riotinto mine, in Spain. Atalaya will pay €1.4-million cash for the Masa Valverde project, located in Huelva. 

Platinum well positioned in hydrogen economy’s sweet spots – WPIC  

By: Martin Creamer     21st October 2020 The upcoming platinum demand of Hyundai alone could come close to taking up the total annual production of one of South Africa’s biggest platinum mines. Hyundai has stated categorically, in a double-page advertisement in The Economist of London, that it will be making 700 000 fuel cell stacks a... 

Platinum well positioned in hydrogen economy’s sweet spots – WPIC
World Platinum Investment Council research director Trevor Raymond interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

South Africa is well positioned to export green hydrogen ­– PwC  

By: Martin Creamer     19th October 2020 South Africa is in an extraordinary position to revolutionise its own economy and supply green hydrogen to the world, PwC said on Monday. “The energy transition is and will be biggest global theme this decade,” PwC associate director James Mackay told journalists at a virtual event covered by... 

South Africa is well positioned to export green hydrogen ­– PwC
PwC Hydrogen Report 2020 covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

South32 says Hermosa PFS delayed to next year

By: Mariaan Webb     19th October 2020 Diversified miner South32 has pushed out the completion of a prefeasibility study (PFS) for the Taylor deposit at the Hermosa base metals project, in Arizona, to the June 2021 half-year. The miner initially aimed to have a PFS for Taylor completed in the September quarter of this year. South32... 

South32 says Hermosa PFS delayed to next year

Coal mine disposal exacerbating carbon emissions problem – Glencore  

By: Martin Creamer     16th October 2020 The disposal of thermal coal mines in response to environmental, social and governance (ESG) investors is not lowering carbon dioxide (CO2) emissions but exacerbating the problem, Glencore CEO Ivan Glasenberg pointed out on Friday. Questioned by Financial Times (FT) natural resources editor Neil... 

Coal mine disposal exacerbating carbon emissions problem – Glencore
Financial Times Commodities Mining Summit covered by Mining Weekly’s Martin Creamer.

Mining committed to doing all it takes to improve worker health – Matlala 

By: Martin Creamer     15th October 2020 Minerals Council South Africa VP and Masoyise Health Programme chairperson Zanele Matlala on Thursday committed the South African mining industry to doing all it takes to ensure that employee lives are saved and health is improved. Speaking at a global virtual health seminar to reprioritise... 

Mining committed to doing all it takes to improve worker health – Matlala
Photo by Creamer Media
Minerals Council South Africa VP and Masoyise Health Programme chairperson Zanele Matlala

Hudbay’s 777 mine suspended after skip incident

By: Mariaan Webb     12th October 2020 Base metals miner Hudbay Minerals has suspended operations at its 777 mine, in Flin Flon, Manitoba, after a skip fell to the bottom of the shaft during routine maintenance. No one was injured in the incident and all underground personnel were safely evacuated from the mine using a secondary ramp... 

Hudbay’s 777 mine suspended after skip incident
1
2 3 4 5 6 7 8 9

Latest News

more

Latest Videos

more

Press Office

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Close