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Zinc News

Africa has prime opportunity to provide commodities usually supplied by Russia

By: Marleny Arnoldi     29th March 2022 As Western Europe accelerates a structural transition away from Russian energy dependence, Africa will play a salient role in filling this void, says Oxford Economics Africa (OEA). During a webinar on March 29, the research company unpacked how a more pressing shift towards renewable energy and a... 

Vedanta SA, Duferco Steel Processing fund research into new zinc refining processes

By: Tasneem Bulbulia     23rd March 2022 The International Zinc Association (IZA) Africa Desk has secured “considerable” research funding to investigate the feasibility of new zinc refining processes to meet South Africa’s own demand for refined zinc, while using locally produced ore and concentrates. Two industrial sponsors – Vedanta... 

An image showing zinc refining research
Zinc refining research will be carried out at UCT’s Department of Chemical Engineering under the leadership of Prof Jochen Petersen

Parliaments must act swiftly to reduce climate change – Mapisa-Nqakula  

By: Martin Creamer     22nd March 2022 National Assembly speaker Nosiviwe Mapisa-Nqakula on Monday urged heads of the world's Parliaments gathering at the 144th plenary assembly of the Inter-Parliamentary Union to undertake all necessary efforts to deal with climate change through oversight and the constitutional powers of the... 

South Africa's National Assembly speaker Nosiviwe Mapisa-Nqakula
South Africa's National Assembly speaker Nosiviwe Mapisa-Nqakula

EIA for Black Mountain Mining’s new zinc smelter project gets under way

By: Darren Parker     18th March 2022 Zinc miner Black Mountain Mining (BMM), a subsidiary of Vedanta Zinc International, has proposed the construction of a new zinc smelter and associated infrastructure at its Gamsberg zinc mine, near Aggeneys, in the Northern Cape. On March 18, BMM revealed that the new smelter would produce 300... 

Now’s the time for full energy freedom, says green hydrogen stalwart Andrew Forrest 

By: Martin Creamer     17th March 2022 Let’s give energy sovereignty to the world. Renewable energy is everywhere. Every country can produce it. Now is the time to capture it, and have full energy freedom, enthused Fortescue Metals Group nonexecutive chairperson Andrew Forrest, while being interviewed by CNN anchor Christiane... 

Creamer Media screen shot.
Photo by Creamer Media
Fortescue Metals Group nonexecutive chairperson Andrew Forrest (right), being interviewed by CNN anchor Christiane Amanpour.

Equivalent of a Koeberg arising in solar projects – AmaranthCX  

By: Martin Creamer     14th March 2022 The equivalent of a Koeberg power station is arising in the form of new largely mine-linked private-sector solar power photovoltaic projects across Southern Africa, according to AmaranthCX director and founder Paul Miller, whose company is working on the second edition of its electronic map of... 

Creamer Media screenshot
AmaranthCX director Paul Miller interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Senators urge Biden to invoke defence act for battery materials

By: Bloomberg     14th March 2022 US Senators sent a bipartisan letter to the Biden administration Friday afternoon asking the President to invoke the Defense Production Act to accelerate production of battery materials that are needed to power electric vehicles. The letter, signed by Democrat Joe Manchin and Republicans Lisa... 

Rio to halt shipments to Russian-owned alumina plant in Ireland

By: Bloomberg     10th March 2022 Rio Tinto Group plans to stop supplying bauxite and sourcing alumina from a United Co. Rusal International refinery in Ireland that’s a key supplier to Europe’s aluminum industry as the world’s second-biggest miner moves to sever ties with Russian companies. Rio has an agreement to supply... 

Gratton says Canada should do more to seize mining opportunities 

By: Mariaan Webb     10th March 2022 Canada has long been the dominant global mining nation – in mineral production, mining finance, mining services and supplies, and sustainability and safety, but Mining Association of Canada (MAC) president and CEO Pierre Gratton has warned that there are signs this position is slipping. Citing... 

MAC president and CEO Pierre Gratton has warned that Canada's position as mining leader is slipping
MAC president and CEO Pierre Gratton has warned that Canada's position as mining leader is slipping

Canada forges new EV supply chain path in bid to secure growth

By: Bloomberg     8th March 2022 Canada, a major car and parts producer, is bolstering its battery and electric vehicle supply chain to ensure future growth for its vital $10-billion auto industry. On Monday, General Motors and Posco Chemical announced a $400-million investment in a new Quebec facility to produce cathode active... 

Transnet bottlenecks to hamper South Africa's export opportunities amid Russia sanctions  

By: Darren Parker     4th March 2022 The bottlenecks in South Africa’s export corridors – caused in large part by State-owned logistics company Transnet’s inability to provide sufficient capacity – will likely undermine any opportunities that could arise from commodity supply shortages and higher prices as more sanctions are... 

A Transnet train

Decarbonisation standing out as key metals/mining value driver – Wood Mackenzie  

By: Martin Creamer     4th March 2022 As pressure mounts for the world to align meaningfully with the 1.5 °C global temperature rise scenario, decarbonisation is standing out as a key driver of metals and mining value. “This has strengthened our view that the mining industry now has a clear pathway towards long-term transformative... 

Creamer Media screenshot taken during webinar.
Wood Mackenzie future facing mined commodities forum covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Decarbonisation creating greatest investment opportunity of our lifetime – Sibanye-Stillwater   

By: Martin Creamer     3rd March 2022 The decarbonising of the global economy to prevent climate change is going to create the greatest investment opportunity of our lifetime. It will also leave behind the companies that do not adapt – regardless of what industry they are in. 

Supplied picture
Sibanye-Stillwater presentation covered by Mining Weekly’s Martin Creamer.

Metals extend scorching rally with zinc eyeing $4 000/t

By: Bloomberg     3rd March 2022 Zinc reached its highest since 2007 and other industrial metals extended a powerful rally fueled by trade turmoil and rising energy costs amid Russia’s increasing economic isolation. The metal used to coat and protect steel rose as much as 3.6% on the London Metal Exchange to reach $3 999/t,... 

An image of zinc flakes

Sibanye reveals maiden lithium, zinc resources

By: Creamer Media Reporter      2nd March 2022 Precious and battery metals miner Sibanye-Stillwater has declared a maiden lithium mineral resource of 78 500 t of lithium oxide and a maiden zinc mineral reserve of 1.02-billion pounds. The lithium and zinc resources were acquired as part of Sibanye's entry into the green metals sector, with the... 

ESG slowing down as energy transition highlights mining as indispensable – RMF  

By: Martin Creamer     2nd March 2022 The energy transition is highlighting mining as an indispensable industry, said Responsible Mining Foundation (RMF) CEO Hélène Piaget in opening a webinar on 'Responsible Mining Index (RMI) Report 2022', which reports a slowdown in economic, environmental, social and governance (ESG). “Yet there... 

Creamer Media screenshot.
Responsible Mining Foundation report covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Foran showcases potential of McIlvenna Bay

By: Creamer Media Reporter      1st March 2022 The feasibility study for the expanded and rescoped McIlvenna Bay metals project, in Saskatchewan, has defined compelling financial metrics, TSX-V-listed Foran Mining announced on Monday. At current prices, the study defines a pretax net present value (NPV) of C$1.49-billion and an internal rate... 

New Century maintains guidance

By: Esmarie Iannucci     28th February 2022 Zinc miner New Century Resources has reconfirmed its production target of between 110 000 t and 130 000 t of zinc for 2022, at a C1 costs of between $0.85/lb and $0.95/lb, following the restart of its ball mill, at the Century zinc mine, in Queensland. The ball mill motor was impacted by severe... 

Biden announces investments to shore up key critical mineral supplies

By: Mariaan Webb     23rd February 2022 US President Joe Biden on Tuesday announced several investments in the domestic production of key critical minerals and materials, as the country moves to break its dependence on China and secure a ‘Made in America’ supply chain. In a White House statement, Biden announced that MP Materials had... 

An image of the White House

USGS finalises 2022 list of 50 ‘critical minerals’

By: Creamer Media Reporter      23rd February 2022 The United States Geological Survey (USGS) has published its final list of 50 mineral commodities critical to the US economy and national security, updating the 2018 list that contained fewer commodities. New additions to the list include nickel and zinc, while helium, potash, rhenium and... 

Lundin’s free cash flow tops $1bn

By: Mariaan Webb     18th February 2022 Canadian base metals miner Lundin Mining took advantage of the favourable price environment in 2021, setting several all-time financial records. The company on Thursday announced all-time high earnings of nearly $880-million, adjusted earnings before interest, tax, depreciation and amortisation... 

South32 reports stellar first half, advances work at Hermosa

By: Esmarie Iannucci     17th February 2022 Diversified miner South32 has reported a 1 847% increase in profits after tax for the half-year ended December, along with record operating margins. Profits after tax for the first half of 2022 reached $1.03-billion, up from the $53-million reported in the first half of 2021, with underlying... 

Image shows South32 Graham Kerr at a podium
South32 CEO Graham Kerr

Glencore’s zinc mine expansion threatened by Indigenous backlash

By: Bloomberg     16th February 2022 Glencore Plc’s plans to expand one of the world’s largest zinc and lead mines has been thrown into doubt after an Australian government judged it failed to adequately consult with Aboriginal custodians over the protection of a sacred site. In a ruling that may remind resource investors of the... 

It’s records all round for Glencore in ‘terrific’ 2021  

By: Martin Creamer     15th February 2022 2021 was a terrific year for the company, Glencore CEO Gary Nagle said on Tuesday, when he reported record earnings before interest tax depreciation and amortisation (Ebitda) of $21.3-billion, a record marketing performance Ebit of $3.7-bilion, and a record industrial business performance of... 

Screenshot taken by Creamer Media during Glencore's presentation of results.
Glencore’s record financial results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Glencore’s earnings rocket 84% to $21.3bn

By: Martin Creamer     15th February 2022 Diversified mining and marketing company Glencore on Tuesday announced 84% higher financial results for the year, with earnings before interest tax depreciation and amortisation (Ebitda) rising to $21.3-billion. Looking forward, Glencore CEO Gary Nagle said the company remained focused on its... 

Pictue supplied
Glencore CEO Gary Nagle

Ivanhoe to bring historical Kipushi zinc mine back online

By: Marleny Arnoldi     14th February 2022 TSX-listed Ivanhoe Mines’ subsidiary Kipushi Holding has signed an agreement with Democratic Republic of Congo (DRC) State-owned mining company Gécamines to return the ultrahigh-grade Kipushi zinc mine back to commercial production. The agreement forms the basis of what will be a commercial... 

Drilling activity at Kipushi mine
Drilling activity at Kipushi mine, in DRC

Red tape delaying R90bn investment in ready-to-go projects – Minerals Council 

By: Martin Creamer     14th February 2022 Red tape is delaying investment worth R90-billion in ready-to-go mining-related projects, at a time when the South African economy is in desperate need of such projects proceeding, to create jobs and to stimulate economic growth. Projects worth R30-billion would be able to proceed if the 4... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Boliden sets extra dividend as metal price rise buoys profits

By: Reuters     11th February 2022 Swedish mining and smelting group Boliden unveiled an extra payout to shareholders on Friday as higher metal prices and record milled volumes at some of its main mines lifted earnings. The company said in a statement it was proposing an extra payment to shareholders of 15.50 Swedish crowns... 

Foreseen renewables demand providing opportunity for job creation, just energy transition 

By: Martin Creamer     10th February 2022 Demand already foreseen is providing South Africa with the far-reaching and very welcome opportunity to create sufficient new jobs – “and then some” – to ensure a just energy transition away from the country’s current climate-threatening carbon intensity, Mining Weekly can report. South Africa’s... 

Screenshot by Creamer Media during Creamer Media webinar
Photo by Creamer Media
From left, clockwise, Paul O’Flaherty, Dr Tsakani Mthombeni, Hein Reyneke, and Andre de Ruyter

Metals, engineering need govt support to ensure sustainable economic recovery

By: Martin Creamer     8th February 2022 South African businesses in the metals and engineering sector have faced enormous challenges over the past few years, with the Covid-19 pandemic compounding an already difficult situation, Steel and Engineering Industries Federation of Southern Africa (Seifsa) said on Tuesday. Seifsa is a... 

Picture supplied
Seifsa CEO Lucio Trentini

Directors face potential liability for climate change risks – Webber Wentzel 

By: Martin Creamer     8th February 2022 Directors face potential liability if they fail to carry out their fiduciary duties to curb climate change risks and do not make complete disclosures about climate-related risks, Webber Wentzel partner Merlita Kennedy and associate Tobia Serongoane stated on Tuesday. In a release to Mining... 

Creamer Media montage
Webber Wentzel associate Tobia Serongoane (left) and partner Merlita Kennedy.

Group Eleven begins Stonepark drilling targeting similar geology as Pallas Green

By: Mariaan Webb     4th February 2022 TSX-V-listed Group Eleven Resources has started drilling on its Stonepark project, in Ireland, and has unveiled plans for an initial drilling campaign at the recently staked Tullacondra copper/silver project, near the PG West project. The first hole of a six-hole programme at Stonepark, in which... 

Glencore enters battery recycling JV, targeting renewable-powered facility 

By: Martin Creamer     3rd February 2022 Diversified mining and marketing company Glencore has entered a battery recycling joint venture (JV) with strategic partner and battery pioneer Britishvolt, a UK battery cell technologies and research and development investor.   

Screenshot
Britannia Refined Metals operation in Northfleet, UK.

Glencore reports 43% higher ferrochrome production  

By: Martin Creamer     2nd February 2022 Diversified mining and marketing company Glencore on Wednesday reported 43% higher ferrochrome production in its full year 2021 production report.   

Picture supplied
Gary Nagle

US mines produced $90bn in commodities last year

By: Creamer Media Reporter      2nd February 2022 US mines produced about $90.4-billion in mineral commodities in 2021 – a $9.7-billion increase over the 2020 revised total of $80.7-billion, the US Geological Survey reported on Tuesday. The commodities include industrial minerals and natural aggregates, as well as ferrous and nonferrous... 

South Africa needs to embrace Ubuntu principles in going green, webinar hears 

By: Martin Creamer     31st January 2022 In decarbonising and going green, South Africa needs to embrace the principles of Ubuntu and show humanity towards others. That view was expressed by Gold Fields South Africa executive VP Martin Preece during the 'Decarbonisation & Going Green in the Mining Sector' webinar hosted by Creamer Media... 

Screenshot by Creamer Media
Photo by Creamer Media
From top left, clockwise, are Abel Sakhau, Martin Preece, Jevon Martin, Nikisi Lesufi and James Mackay.

Mitsui Mining ramps up zinc contract prices as shortages bite

By: Bloomberg     28th January 2022 Mitsui Mining & Smelting is increasing zinc prices this year in annual contracts by at least 35% for the Japanese company’s customers in Asia as supply tightens and freight rates soar. The constrained availability of cargo ships is a big contributor to the rise, Kenji Sugawara, general manager... 

Resources Watch  

26th January 2022 This week: Early income bonanza for funded Witwatersrand gold mining reviver; Hillside Aluminium could get green lifeline by 2030; And, Early copper/zinc production investigations under way at Orion’s Prieska 

Resources Watch
Resources Watch
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