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Zinc News
Gorno set to produce for nine years - study
By: Esmarie Iannucci 24th November 2021 A scoping study into the Gorno zinc/lead/silver project, in Italy, has estimated that the project could have a mine life of some nine years. ASX-listed Alta Zinc on Wednesday said that the scoping study estimated a total production target of some six-million tonnes, containing 77% indicated and... →
New Century raises A$46.9m in entitlement offer
By: Esmarie Iannucci 24th November 2021 Base metals miner New Century Resources has completed its A$46.9-million entitlement offer, which formed part of a larger capital raise announced at the end of October. The company in October launched a multi-faceted transformational growth transaction to accelerate its growth trajectory, which... →

Shanghai zinc gains as Glencore maintenance plan fuels supply fears
By: Reuters 23rd November 2021 Shanghai zinc prices firmed on Tuesday, hitting their highest levels in nearly three weeks, on global supply concerns after miner and commodity trader Glencore announced plans to put its zinc sulphide operations in Italy under maintenance. The most-traded January zinc contract on the Shanghai... →

Armed raid at Consolidated Zinc's Mexican operation
By: Esmarie Iannucci 22nd November 2021 ASX-listed Consolidated Zinc on Monday revealed that a group of armed bandits had entered its Plomosas mine, in Mexico, on November 16, and had taken the security guard and employees at the mine captive. The employees were locked in a sea container, and the armed bandits stole some 90 t of zinc... →
ScoZinc improves Scotia mine’s project economics
By: Mariaan Webb 17th November 2021 An updated prefeasibility study (PFS) for the Scotia mine has improved the project economics, which are now 12% more robust than the 2020 study, ScoZinc CEO Mark Haywood reports. The updated PFS for the past-producing mine includes updated commodity prices, treatment charges, exchange rates and... →

Rain and flooding disrupt Teck logistics
By: Mariaan Webb 17th November 2021 Canadian miner Teck Resources said on Tuesday that its logistics chain between west coast terminals and BC operations had been temporarily disrupted, owing to heavy rain, flooding and mudslides. Teck stated that it had implemented measures to mitigate the effect of the disruption, diverting some... →
Expect to be unemployed from age 40, Miller warns graduates entering mining

By: Martin Creamer 15th November 2021 Because of the collapse of investment in greenfields exploration in South Africa, any mining graduate entering the profession today can expect to be unemployed from the age of 40, said AmaranthCX director and founder Paul Miller on Monday, when he pointed out that South Africa is now at an... →
Mineral exploration should be incentivised, says IDC’s Thabiso Sekano

By: Martin Creamer 12th November 2021 Mineral exploration should be incentivised so that South Africa’s great mineral endowment can be optimally leveraged to lower unemployment, improve export revenues, and strengthen this country’s gross domestic product (GDP). That is the view of Industrial Development Corporation (IDC) mining,... →
US adds nickel, zinc to draft critical minerals list, drops potash
By: Mariaan Webb 11th November 2021 The US Geological Survey (USGS) has added nickel and zinc to its proposed list of 50 ‘critical minerals’ – defined as those essential to economic or national security and have a supply chain vulnerable to disruption – while four others, including potash, have fallen off the draft 2021 list. The... →

Minerals Council backs Eskom leadership, urges govt to cut procurement red tape
By: Martin Creamer 10th November 2021 Minerals Council South Africa on Wednesday supported the Eskom leadership team in its efforts to stabilise South Africa’s electricity supply and urged government to focus on shortening the bureaucratic processes hindering Eskom’s ability to procure urgently required spares for power stations and... →

BHP and Wyloo need more time for Noront takeover talks
By: Mariaan Webb 10th November 2021 Diversified miner BHP needs more time for talks with Australian billionaire Andrew Forrest’s Wyloo Metals regarding the takeover of Canadian junior Noront Resources. Discussions over its C$0.75-a-share offer for Noront are progressing, BHP reported on Wednesday. To allow more time for those... →

Gold major Newmont spending $500m on renewables, world congress hears 
By: Martin Creamer 10th November 2021 Gold mining major Newmont is spending $500-million on renewable energy projects against the backdrop of climate risk equating to investment risk for all mining industry participants, the Energy and Mines Virtual World Congress heard on Tuesday. Expenditure of the half-a-billion dollars began last... →

Trevali sells Peru mine to Cerro de Pasco
By: Mariaan Webb 9th November 2021 CSE-listed Cerro de Pasco Resources (CDPR) on Monday announced that it would buy the Santander polymetallic underground mine and 2 000 t/d mill, in Peru, from TSX-listed Trevali Mining. The transaction entails 10-million common shares of Cerro De Pasco, C$1-million in cash and a 1% net smelter... →

New Century increases hedge book
By: Esmarie Iannucci 8th November 2021 Zinc miner New Century Resources has expanded its zinc hedging programme by an additional 90 000 t between January 2022 and December 2023. The ASX-listed company on Monday said that it had achieved a price of A$3 938/t for the additional hedging, compared with the A$3 717/t for the initial... →
Sibanye advances buyout of Sandouville asset
By: Chanel de Bruyn 4th November 2021 Precious and green metals company Sibanye-Stillwater has signed a share purchase agreement (SPA) to acquire the Sandouville nickel hydrometallurgical processing facility from French mining and metallurgy company Eramet. Sibanye in July signed an exclusive put option agreement to acquire the... →

MMG to be powered by solar
By: Esmarie Iannucci 3rd November 2021 Energy infrastructure company APA Group has unveiled a staged plan to build an 88 MW solar farm at Mica Creek in Mount Isa, supporting customers in the North West Minerals Province with renewable electricity. The company will invest more than A$80-million on the 44 MW Stage 1 project, which is... →
Antamina mine in Peru says halts operations due to protests
By: Reuters 1st November 2021 Peru's Antamina copper and zinc mine, part-owned by Glencore and BHP Billiton, said on Sunday it had suspended operations due to roadblocks established by demonstrators who say the mine has not lived up to its commitments to support local communities. The company issued a statement saying it was... →

Glencore reports major ferrochrome production recovery 
By: Martin Creamer 29th October 2021 Diversified mining and marketing company Glencore expects its full-year 2021 adjusted earnings before interest and tax to exceed the top end of its forecast $2.2-billion to $3.2 billion a year long-term guidance range. A production highlight included 65%-higher attributable ferrochrome production... →

Lundin has another record free cash flow quarter
By: Creamer Media Reporter 28th October 2021 Favourable base metals prices have seen Lundin Mining reporting its second consecutive quarterly free cash flow record, with generation of $407-million – a substantial increase from $194.5-million a year-earlier. The Canadian base metals company increased its revenue by a quarter to... →
Sibanye-Stillwater well positioned as climate resilient business – Froneman 
By: Martin Creamer 27th October 2021 Precious and green metals company Sibanye-Stillwater is well positioned as a climate-change resilient business in the future green economy, says CEO Neal Froneman, who emphasises environmental social governance (ESG) as being core to the company’s strategy as it achieves its objective of building... →

Sibanye-Stillwater CEO Neal Froneman
Sibanye expands tailings retreatment exposure through 20% stake in Australian company 
By: Chanel de Bruyn 27th October 2021 JSE- and NYSE-listed Sibanye-Stillwater has entered into investment agreements to acquire a 19.99% shareholding in ASX-listed New Century Resources, which owns the Century tailings zinc retreatment operations in Queensland, Australia. Sibanye says the transaction, which is expected to close by... →

Teck's C$1bn quarterly profit helped by steelmaking coal
By: Mariaan Webb 27th October 2021 Canadian diversified miner Teck Resources has posted record third-quarter results, helped by strong commodity prices, particularly for steelmaking coal. Adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) was a record C$2.1-billion in the third quarter – more than... →

Metals rebound as world's energy crisis keeps roiling the market
By: Bloomberg 22nd October 2021 Base metals were mostly higher, paring a weekly slump, as the global energy crisis kept roiling the energy-intensive sector. The global energy shortage, fueled by record coal and gas costs, has forced metal output cuts from China to Europe, depleting inventories. Freeport-McMoRan, the world’s... →

NorZinc’s Prairie Creek targets 261Mlb/y of zinc-equivalent
By: Mariaan Webb 22nd October 2021 TSX-listed NorZinc is starting on an updated definitive feasibility study for its Prairie Creek project, in the Northwest Territories, Canada, having completed a positive preliminary economic assessment (PEA). The PEA incorporates an updated mineral resource estimate of 9.8-million tonnes at... →
Consolidated signs offtake for Mexican zinc mine
By: Esmarie Iannucci 22nd October 2021 ASX-listed Consolidated Zinc has signed an offtake agreement for all of the zinc concentrate produced at its Plomosas project, in Mexico, for the entirety of 2022. Latin American mining company Industrias Penoles S.A. de C.V. has exercised its option to purchace all of the zinc concentrate from... →
Policy-not-law charter judgment going long way towards providing certainty – NSDV 
By: Martin Creamer 19th October 2021 The court judgement that the mining charter is policy and not law goes a long way towards providing regulatory certainty, says NSDV mining law senior associate Muhammed Khan – but it is not the end of the road, he cautions in a 1 500-word analysis entitled The Great Mining Charter Debate. Khan... →

Incentive needed for smaller end of stock exchange to survive – Miller

By: Martin Creamer 18th October 2021 An incentive is needed for the listing of companies on the smaller end of the stock exchange, which is facing an existential crisis, said AmaranthCX director and owner Paul Miller on Monday. Reacting to the groundswell of headlines about delistings and lack of listings on the Johannesburg Stock... →
Vedanta partners with Pink Drive on cancer screening for near-mine communities
By: Donna Slater 15th October 2021 Zinc producer Vedanta Zinc International, supported by the Pink Drive outreach programme, hosted its sixth yearly five-day cancer screening drive across the Namakwa district in the Northern Cape recently. The Pink Drive mobile clinics are known for providing free breast health assessments across... →

Energy crisis pushes copper towards best week since 2016
By: Reuters 15th October 2021 Copper on Friday was heading for its biggest weekly gain since 2016 as surging power prices threaten to curb supply at a time when exchange stockpiles are at rock bottom. A rapid rise in the cost of energy and shortages of power in China have already forced zinc and aluminium smelters to cut... →

Zinc hits 14-year high as Nyrstar cuts output due to power prices
By: Reuters 14th October 2021 Zinc prices climbed to their highest level in 14 years on Thursday on supply concerns after producer Nyrstar announced a plan to cut its output due to high power prices in Europe. The most-traded November zinc contract on the Shanghai Futures Exchange surged as much as 8% to 25 700 yuan ($3... →
Europe's carmakers face raw material bottleneck for EV batteries
By: Reuters 13th October 2021 Major carmakers like Volkswagen, Daimler and Stellantis have been racing to secure battery cell supplies in Europe, but may face a bigger challenge as they seek to go electric - finding enough battery raw materials. Failure to obtain adequate supplies of lithium, nickel, manganese or cobalt... →
Zinc hits fresh peaks as Nyrstar slashes output due to power prices
By: Reuters 13th October 2021 Zinc and aluminium prices stormed to fresh peaks on Wednesday as a power crisis sparked cuts in smelter output. Zinc touched a near 14-year high in Shanghai while in London they jumped the strongest in over three-and-a-half years after Nyrstar said it will cut production by up to 50% at its... →
Miners disclose CO2 emissions on LME's sustainability register
By: Reuters 13th October 2021 Nine metal producers including Antofagasta and Teck Resources have disclosed the carbon emissions from their metal producing operations on the London Metal Exchange's newly launched digital register. The register known as LMEpassport is aimed at users of the exchange wanting to support the... →
Glencore to sell Bolivian zinc assets
By: Creamer Media Reporter 13th October 2021 Diversified miner Glencore has announced the sale of its Bolivian zinc assets to Canada’s Santa Cruz Silver Mining for $110-million. Glencore will receive an initial $20-million on the completion date and a further $90-million in about four years from completion. Santa Cruz Silver, which is a... →
The hottest party in the metals world is back, but much smaller
By: Bloomberg 11th October 2021 Near-record copper prices are usually a sure sign that the parties will be extravagant and the champagne will flow all night when the metals world descends on London. But with Covid-19 still raging across much of the globe, the famously rowdy annual gathering of traders, financiers and producers... →
Exploration key to keeping South Africa on right side of future – investors 
By: Martin Creamer 11th October 2021 Exploration is key to keeping South Africa on the right side of the future-facing metals scenario, the Joburg Indaba heard last week from potential investors. During a panel discussion on mining sector prospects covered by Mining Weekly, the heads of international investment companies commented... →

Form top left clockwise are Fiona Perrott-Humphrey, Olivia Markham, Brett Beatty, Bernard Swanepoel and Mick McMullen.
South Africa’s exploration investment lowest since democracy began, Joburg Indaba hears

By: Martin Creamer 7th October 2021 South Africa’s mining industry is at its lowest level of exploration investment since democracy began in 1994, the Joburg Indaba heard on Thursday. “Never have we spent less – and this is a pity because significant promises were made about an exploration plan for the country,” Joburg Indaba... →
South Africa in danger of missing out on commodity boom, Joburg Indaba hears

By: Martin Creamer 6th October 2021 A much more enabling environment is needed to ensure that South Africa does not miss out on yet another commodity boom, the Joburg Indaba heard on Wednesday. “We know that we’ve missed at least one commodity boom,” Foskor chairperson, Industrial Development Corporation director and founding... →
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