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Zinc News

Vedanta Zinc breaks ground on R7bn Gamsberg expansion project 

By: Darren Parker     5th August 2022 Zinc mining company Vedanta Zinc International (VZI) officially broke ground on its Gamsberg Phase II project on August 5. The R7-billion investment in the expansion of the company’s opencast zinc mine is expected to create between 2 000 and 2 500 jobs during the construction phase and a further... 

Zinc climbs as Glencore says energy crunch puts smelters at risk

By: Bloomberg     5th August 2022 Zinc neared a one-month high while other metals came under pressure in London, with top producer Glencore warning that Europe’s energy crisis poses a substantial threat to supply. Glencore has already suspended production at one of its zinc smelters in Europe, leading to a sharp drop in its... 

High-flying Glencore locks in renewable power, prioritises future-facing metals  

By: Martin Creamer     4th August 2022 Diversified mining and marketing company Glencore, which delivered exceptionally strong financial results in the six months to June30, is taking steps to progress its decarbonisation pathway, CEO Gary Nagle said on Thursday. The steps include locking in a number of renewable purchase power... 

Glencore CEO Gary Nagle
Glencore results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Trevali secures $110m for Namibia zinc expansion

By: Mariaan Webb     4th August 2022 TSX-V-listed Trevali has received credit approval from Standard Bank for $110-million to fund the expansion of its Rosh Pinah mine, in Namibia. Credit approval follows the execution of a mandate agreement with Standard Bank in March and completion of legal and technical due diligence of the mine... 

Anglo’s big on-site solar, off-site wind plan lays foundation for green hydrogen  

By: Martin Creamer     3rd August 2022 The planned construction by Anglo American of on-site solar plants and off-site regional wind farms is designed to create a renewable energy ecosystem that reduces Scope 2 emissions and lays the foundation for green hydrogen production – “a hugely ambitious piece of work, and not one that is... 

Anglo American CE Duncan Wanblad.
Anglo American results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Miners' profits face an unusual foe: extreme weather

By: Reuters     1st August 2022 Heavy rainfalls, withering droughts and other extreme weather patterns across the globe are denting miners' profits and crimping supply of iron ore, copper and other widely-used minerals as climate change roils yet another industry. It is an unusual situation for companies that have experience... 

President Ramaphosa’s got it right, says ex-Eskom CEO on new energy plan  

By: Martin Creamer     1st August 2022 African Rainbow Energy and Power CEO and former Eskom CEO Brian Dames concurs fully with the energy plan unveiled by President Cyril Ramaphosa. “I think he’s got it right,” was Dames's summing up of the President's energy initiative during a discussion at the Coal & Energy Transition Day, covered... 

Creamer Media screenshot image.
Coal & Energy Transition Day covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Apollo records good results from drilling programme in Gabon

By: Tasneem Bulbulia     29th July 2022 ASX-listed Apollo Minerals says the Eastern Dikaki high-grade zone (Dikaki-East) at its Kroussou zinc/lead project, in Gabon, has doubled, with mineralisation now defined over 500 m and open along trend with significant, thick, shallow mineralisation displayed in broad step out drilling – the... 

Glencore’s ferrochrome production up on consistent smelter performance 

By: Martin Creamer     29th July 2022 Ferrochrome production, which is South Africa-based, rose 2% in the six months to June 30, reflecting consistent smelter performance, Glencore reported on Friday. Attributable ferrochrome production of 786 000 t was 13 000 t higher than in the first half of last year amid overall production being... 

Glencore CEO Gary Nagle
Photo by Creamer Media
Glencore CEO Gary Nagle

Hurdles in Central, East Africa hamper mining

By: Mandisa Nyathi     29th July 2022 While the outlook for mining is bright, continued resource nationalism, increasing Chinese influence in mining affairs and illegal mining are significant challenges that Central and East Africa continues to face, says Boies Schiller Flexner partner Timothy Foden 

Sandfire smashes through expectations

By: Esmarie Iannucci     28th July 2022 Copper/gold miner Sandfire Resources has exceeded its annual production expectations following a strong June quarter. Copper production during the June quarter reached 34 974 t, up from the 28 774 t produced in the March quarter, pushing full year copper production to reach 98 367 t, well above... 

Radical renewables, hydrogen ramp-up needed, coal energy transition day hears 

By: Martin Creamer     27th July 2022 A radical ramp-up of renewable energy and green hydrogen capacity will be needed by 2040 to take South Africa towards a net-zero climate change commitment, the Coal & Energy Transition Day heard on Wednesday. On the coal-fired power front, South Africa would from the 2040s/2045s need to have... 

Creamer Media screenshot.
Photo by Creamer Media
Presidential Climate Change Commission executive director Chrispian Olver.

World-first hydrogen haul truck operational from August – Anglo Platinum  

By: Martin Creamer     27th July 2022 The pilot world-first hydrogen haul truck launched early in the year, has had some final changes made to it before it heads into the pit and goes into operational mode from August. Meanwhile, the second prototype is already underway, where learnings from the first truck are being taken into the... 

Anglo American's nuGen truck.
Anglo Platinum CEO Natascha Viljoen interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

CN Railway boosts freight prices and beats analyst forecasts

By: Bloomberg     27th July 2022 Canadian National Railway reported earnings that easily beat analysts’ forecasts as strong volumes allowed the railroad to increase prices and fuel surcharges to offset rising costs. Revenue in the second quarter was C$4.34-billion, topping the expected C$4.08-billion and 21% higher than last... 

An image of a CN Rail locomotive
A CN Rail locomotive

Teck's quarterly profit surges to C$1.8bn, CEO Lindsday retires

By: Mariaan Webb     27th July 2022 Canada’s biggest diversified miner, Teck Resources, has announced record quarterly profit, warned of inflationary pressures, adjusted its costs guidance and made some big changes to its deck with the retirement of president and CEO Don Lindsay at the end of September. The miner on Tuesday posted... 

An image of Teck Resources outgoing CEO Don Lindsay
Teck Resources outgoing CEO Don Lindsay

South32 sticks to plan in June quarter

By: Esmarie Iannucci     25th July 2022 Diversified miner South32 has seen production increases in alumina, aluminium, copper, nickel and manganese ore for the three months to June, with operations delivering to plan despite weather impacts and labour availability issues. “Our teams delivered another strong operating performance in... 

Appian to invest in Altamin's Gorno zinc project

By: Esmarie Iannucci     25th July 2022 ASX-listed Altamin as struck a binding term sheet with Appian Natural Resources Fund II to joint venture on the Gorno zinc project, in Italy. Appian, which is a global specialist mining private equity fund, would invest up to A$94-million to earn a 67.4% interest in the Gorno project. 

Image shows stacked zinc bars

Hindustan Zinc weighs expansion to tap opportunities in Europe

By: Bloomberg     22nd July 2022 Hindustan Zinc, a unit of billionaire Anil Agarwal’s Vedanta, is considering expanding overseas as a way to profit from growth opportunities in Europe. “There is a strategic thought that we could venture into the international market,” Hindustan Zinc CEO Arun Misra said in a phone interview.... 

Anil Agarwal
Anil Agarwal

GCM’s gold and silver production up year-on-year

By: Darren Parker     18th July 2022 TSX-listed GCM Mining produced 16 370 oz of gold in June at its Segovia operations, in Colombia, bringing the total for the second quarter to 53 198 oz, compared with 52 198 oz a year prior. On July 18, GCM reported that it had also produced 85 741 oz of silver for the quarter, up from 54 573 oz... 

Basing analysis solely on data can result in treasure being mistaken for trash  

By: Martin Creamer     15th July 2022 Applying subject matter expertise to process data streams for accuracy is a necessary part of mining’s new digital age, according to SRK Consulting Global chief technology officer Mike Olsen. Olsen, the leader of SRK’s data engineering team, spoke to Mining Weekly in a Zoom interview from Canada.... 

How to avert the risk of valuable information being disregarded.
SRK Consulting Global chief technology officer Mike Olsen interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

New mining Bill major threat to jobs and investment, must be strenuously opposed – ENSafrica  

By: Martin Creamer     14th July 2022 A new draconian mining industry draft Bill, which threatens jobs and investment – and can even impose a penalty of 10% of turnover on a mine company, along with corporate manslaughter charges – must be “very, very strenuously opposed", top South African mining industry lawyer Willem Le Roux urged... 

Creamer Media screenshot
Photo by Creamer Media
Presenting ENSafrica webinar are from top anti-clockwise Willem Le Roux, Pieter Colyn and Celeste Coles.

Jubilee appoints nonexecutive director to chair safety, sustainability committee

By: Donna Slater     14th July 2022 Aim- and AltX-listed diversified metals processing company Jubilee Metals Group has appointed Tracey Kerr independent nonexecutive director with immediate effect. Based in the UK, she is currently a nonexecutive director of Hochschild Mining, a FTSE 250 precious metal mining company with mines... 

Tracey Kerr
Jubilee Metals new independent nonexecutive director and safety and sustainability committee chairperson Tracey Kerr

South32 strikes $185m royalty deal

By: Esmarie Iannucci     12th July 2022 Diversified miner South32 has struck a $185-million copper and nickel royalty deal with London-based Anglo Pacific Group. The agreement also includes contingent payments of up to $15-million. South32 on Tuesday said that the base metal royalties were across third party interests in a mix of... 

Drilling at Orion’s Prieska supports early production

By: Tasneem Bulbulia     11th July 2022 Dual-listed Orion Minerals says it has received “highly encouraging” initial assay results from an in-fill drilling programme designed to upgrade the existing shallow inferred resource in the +105 Level Crown Pillar area at its flagship Prieska copper/zinc project, in South Africa’s Northern Cape... 

Metals extend losses as global recession fears damp outlook

By: Bloomberg     5th July 2022 Copper fell to the lowest level in 17 months, with metals extending losses as global recession fears continue to damp the demand outlook for commodities. Sentiment remains sour for the industrial materials used in everything from construction to new energy vehicles. Copper, widely considered an... 

Alara forms JV to bid for Saudi zinc-copper exploration licence

By: Darren Parker     4th July 2022 ASX-listed metals explorer and developer Alara Resources is hopeful that it will return to Saudi Arabia, announcing on Monday that it had formed a joint venture (JV) to bid for the award of a 353 km2 exploration licence that includes the company’s former Khnaiguiyah zinc-copper project. Alara... 

Australian resources exports to set new records

By: Esmarie Iannucci     4th July 2022 Australia’s resource and energy export earnings are estimated to be worth A$405-billion in 2021–22, and is forecast to rise to A$419-billion in 2022–23, delivering two successive record years, the Office of the Chief Economist reported on Monday. As world supply responds to high prices and... 

Image shows container ships at Port Hedland

Mine haulage transition to electric offered without disruption   

By: Martin Creamer     1st July 2022 If the world were to electrify every mine truck, it would stop 198 000 t of carbon dioxide (CO2) a day from entering the atmosphere, which equates to a single electrified mining truck eliminating what would take 46 000 trees to absorb. That mammoth sustainability benefit was driven home firmly... 

Creamer Media screenshot.
ABB's Erik Pretorius interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Energy export, Pan African, Orion make headlines   

1st July 2022 Mining Weekly Editor Martin Creamer South Africa's potential to be an energy exporter; Pan African's definitive feasibility study on Mogale Gold’s tailing storage facilities; and Orion’s capital raise for its copper and zinc mine, Prieska.   

Photo of Martin Creamer
Energy export, Pan African, Orion make headlines

Metals set for worst quarter since 2008 on global downturn angst

By: Bloomberg     30th June 2022 Base metals headed for the worst quarterly slump since the global financial crisis in 2008 as China’s economy recovered only gradually and fears of a world recession intensified. The London Metal Exchange Index has tumbled 23% since the end of March, although the decline has been magnified due... 

Metals set for worst quarter since 2008 on global downturn angst

Capital raise under way to progress copper/zinc mine in Northern Cape 

By: Martin Creamer     29th June 2022 An opportunity to subscribe for new shares in parcels starting from R20 000 to a maximum of R330 000 is being offered to eligible shareholders by Orion Minerals. The capital raise is being undertaken to fund the Sydney- and Johannesburg-listed Orion’s Prieska copper/zinc mine, as well as other... 

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

Renewables plans poised to slash Scope 2 emissions at Grootegeluk coal mine by up to 90%  

By: Martin Creamer     27th June 2022 Going forward, combined renewables plans already in place are poised to slash Scope 2 emissions at Exxaro Resources’s Grootegeluk coal mine in Limpopo by up to 90%. The renewable strategy being executed by coal miner Exxaro’s wholly owned green energy arm – Cennergi – is the key driver of the... 

Exxaro/Cennergi MD Energy Roland Tatnall
Exxaro/Cennergi MD energy Roland Tatnall interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer,

Deeming could bring regulatory certainty to much-needed minerals investment – NSDV  

By: Martin Creamer     23rd June 2022 The detraction of the South African investment market is the uncertainty around approval timelines and the implementation of a deeming provision could change all that by treating applications as approved after the passing of a set period of time. Many want to invest in exploration and mining... 

NSDV advisory head Mark Gilbert.
NSDV Advisory Head Mark Gilbert interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Curtain falls on 777 mine in Flin Flon

By: Creamer Media Reporter      23rd June 2022 Mining activities at the 777 zinc/copper mine, in Flin Flon, Manitoba, have concluded, after reserves were depleted following 18 years of steady production, TSX- and NYSE-listed Hudbay Minerals reported on Wednesday. Closure activities at the 777 mine have started and employees and equipment are... 

Curtain falls on 777 mine in Flin Flon

Yellen urges less dependence on other nations for key supplies

By: Bloomberg     21st June 2022 Treasury Secretary Janet Yellen said the US should work on shifting dependence on some nations for supplies of critical inputs as global supply-chain logjams have hurt the domestic economy. “We saw during the pandemic that our supply chains were very brittle and really lacking in resilience,”... 

Fireweed Zinc mobilises field crews for Macmillan Pass drilling

By: Creamer Media Reporter      21st June 2022 The first field crews have been mobilised to the Macmillan Pass property, in Yukon, to prepare for the 2022 drill programme – set to be Fireweed Zinc’s largest to date with 8 000 m of diamond drilling planned. The TSX-V-listed explorer reports that significant improvements are being made to the... 

Walkabout's maiden drill programme finds lead, zinc mineralisation at Scotland project

By: Marleny Arnoldi     21st June 2022 ASX-listed Walkabout Resources has announced solid assay results from a maiden drilling programme having been completed for 1 667 m at the Blackcraig lead/zinc/silver project, in Scotland. The assays results confirm the extension of a high-grade mineralised zone beneath historic lead/zinc mines... 

Eighth and last missing miner found dead in flooded Burkina Faso mine

By: Reuters     21st June 2022 The body of the last of eight miners who drowned in a Burkina Faso zinc mine owned by Trevali Mining Corp when it flooded on April 16 was found on Monday, the government said. The seven other bodies have been recovered gradually from the mine's underground passages since May 24, when the first... 

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