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Zinc News

Friedland wows City of Gold with his dazzling platinum story 

By: Martin Creamer     29th October 2013 Mining entrepreneur extraordinaire Robert Friedland came to the City of Gold on Tuesday and wowed his audience with a stirring story of the richness of the South African platinum endowment. The geological marketing wizard, whose name is associated with the Voisey’s Bay nickel development in... 

Terramin reports final production results for Angas

By: Esmarie Iannucci     28th October 2013 ASX-listed Terramin Australia has produced 10 933 t of zinc during the final quarter of operations at its Angas zinc mine, which it closed on October 2. The mine, which is located in South Australia, produced 94 433 t of ore during the quarter, which was 3% lower than the June quarter, and... 

Teck’s Q3 adjusted profit falls on weak commodity prices

By: Henry Lazenby     24th October 2013 Canada’s largest diversified miner, Teck Resources, on Thursday said its third-quarter adjusted profit slid 41% year-on-year to C$252-million, or C$0.44 a share, compared with C$425-million, or C$0.73 a share in 2012, mainly as a result of lower coal, copper and zinc prices. The Vancouver-based... 

China to outweigh rest of the world for base metals demand

By: Esmarie Iannucci     18th October 2013 China is expected to become a bigger market for base metals by 2017 than the rest of the world combined, accounting for 52% of global demand, advisory firm Wood Mackenzie stated in its latest base metals demand forecast. China’s demand for base metals is currently at around 46% of the 96-million... 

Perkoa ships its first zinc

By: Esmarie Iannucci     17th October 2013 ASX-listed Blackthorn Resources has shipped its first zinc concentrate from the Perkoa project, in Burkina Faso. Blackthorn said on Thursday that 12 175 t of zinc concentrate sailed from the port of Abidjan, in Cote d’Ivoire. A further 16 000 t of zinc concentrate has also been trucked and... 

Excellon Resources lifts Q3 output 50%

By: Henry Lazenby     10th October 2013 High-grade, low-cost silver miner Excellon Resources on Thursday said it had lifted output from its flagship La Platosa mine, in Mexico by 50% quarter-on-quarter, boosted by higher grades. The Toronto-based miner reported silver equivalent output of 607 252 oz for the three months ended... 

Capstone reports disappointing Q3 output, could miss FY guidance

By: Henry Lazenby     10th October 2013 Canadian base metals miner Capstone Mining on Thursday reported third-quarter production results that were below analyst expectations, placing its full-year output guidance at risk. The combined output from its two copper mines totalled 18.9-million pounds, dragged down by weaker production from... 

Local black mining equipment manufacturer hitting export high-spots 

By: Martin Creamer     9th October 2013 South Africa’s 56% black-controlled Aard Mining Equipment is attracting attention internationally as an exporter of locally designed and manufactured South African equipment into the global underground mining market. Aard, which the wholly black-owned Matasis Investment Holdings and Nedbank... 

Zinc-production company mill performs above par

4th October 2013 Zinc-focused Trevali Mining Corporation (TMC) says that the ramp-up of the processing plant serving its zinc/lead/silver-producing Santander mine in west-central Peru is progressing well, having recorded a 75% use of its capacity in August, with the expectation that it will operate at full... 

Sierra Metals doubles milling capacity at Mexican mine

By: Henry Lazenby     30th September 2013 Base metals miner Sierra Metals has doubled the milling capacity at its Bolivar copper/zinc/silver mine, located in the Piedras Verdes mining district, in Mexico, to 2 000 t/d after installing a leased 1 250 kVA generator. The generator was leased to bypass delays in installing a power... 

Old-style colonial mining no longer acceptable on African continent – Turok

By: Martin Creamer     19th September 2013 There was a new awareness across Africa that old-style colonial mining was unacceptable on the continent, African National Congress (ANC) MP Ben Turok said on Thursday. Turok, who was addressing the MetalBulletin Events sixth South African ferroalloys conference on mineral beneficiation and its... 

Merger cuts $576m costs out of GlencoreXstrata coal

By: Martin Creamer     10th September 2013 The synergies created by the merging of the coal divisions of the merged GlencoreXstrata would reduce the costs of the combined entity by $567-million in 2014, coal head Peter Freyberg said on Tuesday. The merger creates the world’s leading seaborne thermal coal business, combining a... 

Excessive capex to blame for low prices – GlencoreXstrata 

By: Martin Creamer     10th September 2013 Low commodity prices reflect too much capital expenditure (capex) rather than weak demand, GlencoreXstrata CEO Ivan Glasenberg said on Tuesday. Speaking during a webcast investor day, Glasenberg said the while demand for the company’s coal, nickel, aluminium, iron-ore, zinc and copper remained... 

Excessive capex to blame for low prices – GlencoreXstrata
The newly merged mining giant GlencoreXstrata surprised investors by upping its target for cost cutting from an initial estimate of $500-million to $2-billion. Reuters' Hayley Platt reports. Video courtesy of Reuters.

Goldgroup Mining amends Oroco transaction terms, closes deal

By: Henry Lazenby     3rd September 2013 Toronto-listed Goldgroup Mining on Tuesday said it had changed some of the terms of its acquisition of TSX-V-listed Oroco Resource Corporation, as a result of a deterioration in the gold price since the transaction was first announced in January. In a statement on Tuesday, Vancouver-based... 

South African miners welcome, popular in Peru

By: Keith Campbell     30th August 2013 South African mining companies are welcome and popular investors in Peru, affirms that country’s ambassador to South Africa. “South Africans are very good, in general,” says Ambassador Daúl Matute-Mejía. “They understand the need to respect the local communities, to help develop them and to... 

Trevali starts zinc and lead production at Peru mine 

By: Henry Lazenby     16th August 2013 Base metals miner Trevali Mining this week started zinc and lead/silver concentrate production from the metallurgical plant at the Santander mine, in Peru. The crushing, transfer, grinding (at all four mills), flotation and tailings circuits were all operational and undergoing commissioning and... 

Excellon Resources swings to Q2 loss as revenue dwindles

By: Henry Lazenby     15th August 2013 Mexico’s highest-grade silver producer Excellon Resources has swung to a second-quarter loss as revenues fell, mainly owing to lower realised silver prices and weaker grades at its flagship La Platosa mine, in Mexico. Revenue fell 70% to $4.18-million, compared with $14-million a year earlier.... 

Contractor dies underground at Trevali’s Peruvian project

By: Henry Lazenby     9th August 2013 Zinc-focused Trevali Mining on Friday said one contractor was killed and another injured on Thursday in an underground accident, while busy with preparation and development activities in the Magistral south zone of the Santander mine, in Peru. Trevali said all underground preparation and... 

Hecla starts hedging shipments of precious-metals to combat price volatility

By: Henry Lazenby     8th August 2013 The second-largest US silver producer by output, Hecla Mining on Thursday said it had started hedging all metals once they were shipped to reduce its exposure to the variability in the realised prices. The company, which had for long been hedging its base-metals shipment, said it had sold about... 

Deep-sea mining firms up standards as Nautilus ‘turns corner’

By: Simon Rees     8th August 2013 Nautilus Minerals has faced some tough times over the past 12 months, its difficulties mainly related to a commercial dispute between the company and the government of Papua New Guinea (PNG) that arose in June 2012. The disagreement’s knock-on effects weighed on the development of Nautilus’... 

Golden Arrow’s Argentine silver discovery ‘a deposit for the times’

By: Henry Lazenby     2nd August 2013 Canadian exploration firm Golden Arrow Resources has discovered a significant silver deposit in north-west Argentina that potentially could be “a deposit for the times”, according to president and CEO Joseph Grosso. Grosso, who is also the company’s executive chairperson and who was one of the... 

First Quantum Minerals reports lower Q2 earnings on lower base metals prices

By: Henry Lazenby     1st August 2013 TSX-listed base metals producer First Quantum Minerals has reported a 49% drop in second-quarter earnings as the prices for copper and nickel dropped. The diversified miner reported net earnings of $71.9-million, or $0.12 a share, down from $142-million, or $0.30 a share, a year earlier. 

Miranda receives Rozynenbosch prospecting right

By: Creamer Media Reporter      23rd July 2013 JSE-listed Miranda Minerals on Tuesday said it had now been granted a prospecting right over the Rozynenbosch 104 farm. This followed an appeal over a 2006 decision by the former Department of Minerals and Energy (DME) not to approve the conversion of an old-order to a new-order prospecting right. 

Aldridge Minerals president and CEO resigns

By: Henry Lazenby     18th July 2013 Turkey-focused project developer Aldrige Minerals president and CEO Mario Caron has resigned his position, including his seat on the board effective July 31. Aldridge said it had established a special committee of the board that would provide general supervision and management of the day-to-day... 

Politicians failing to grasp mining’s poorly conveyed benefits – ICMM 

By: Martin Creamer     12th July 2013 Politicians are not understanding mining's complete range of benefits well and mining companies are failing to express them well, says International Council on Mining and Metals (ICMM) president Tony Hodge. Policy makers are also not as au fait as they could be with the costs that mining... 

Fortuna Silver reports Q2 production in line with expectations

By: Henry Lazenby     11th July 2013 Precious metals producer Fortuna Silver, which owns and operates the San Jose mine, in Mexico, and the Caylloma mine, in Peru, on Thursday said production for the quarter ended June 30, was in line with its expectations. Fortuna delivered 1.07-million ounces of silver, 5 183 oz of gold and... 

Despite Turkish protests, it is ‘business as usual’ for Aldridge

By: Henry Lazenby     28th June 2013 Despite the ongoing civil protests that have rocked various Turkish cities during the past month, the country remains an attractive investment destination, and the unrest has not altered the development path for Aldridge Minerals’ flagship Yenipazar polymetallic project. Aldridge president and... 

The state of mining in South America – an overview

By: Keith Campbell     21st June 2013 South America: home of the greatest, most alluring, most deadly of mining legends – the myth of El Dorado, the golden one. Over the past 500 years, the continent’s mineral riches, real and imagined, have stimulated amazing feats of courage, daring and endurance, conquest, looting, terrible... 

Trevali Mining starts crushing mill feed at Peruvian project

By: Henry Lazenby     11th June 2013 TSX-listed Trevali Mining has started crushing mill feed at its Santander mine zinc/lead/silver operations in Peru, signalling imminent zinc and lead/silver concentrate production. Trevali on Monday said operations had started filling the fine mill feed bin and that it expected to ship the first... 

China’s economic shift not bad news for all commodities, bank argues 

By: Terence Creamer     6th June 2013 Not all commodities will lose out should China succeed in changing its growth model from one based on resources-intensive infrastructure investment towards one supported by higher levels of domestic consumption, new research by Barclays indicates. China’s 12th five-year plan, endorsed in March,... 

Barclays commodities research MD Kevin Norrish
Barclays commodities research MD Kevin Norrish on the group's outlook for commodity markets. Camera Work: Nicholas Boyd. Editing: Shane Williams. Recorded: 6.6.2013.

El Nino Ventures’ stock jumps on positive PEA

By: Henry Lazenby     5th June 2013 The shares of TSX-V-listed El Nino Ventures on Wednesday jumped nearly 17% after the company published results from a positive preliminary economic assessment (PEA) for its Murray Brook zinc/copper/lead/silver project, in the Bathurst Mining Camp, in New Brunswick. The PEA had found that the... 

Glencore Xstrata gets approval to expand McArthur River

By: Esmarie Iannucci     4th June 2013 The Northern Territory government has given its approval to the A$369-million expansion of the McArthur River zinc mine. Mines and Energy Minister Willem Westra van Holthe said on Tuesday that the Phase 3 development project would see to the employment of a further 300 people, and would extend... 

Construction proceeding apace at Trevali’s Peruvian Santander project

By: Henry Lazenby     21st May 2013 The construction and initial commissioning of TSX-listed Trevali Mining’s Santander zinc/lead/silver mine, in west-central Peru, was proceeding apace after the delays encountered in April. Vancouver-based Trevali last month reported that the importation of critical electrical safety cells for... 

Ivanplats significantly adds to African projects’ resources

By: Henry Lazenby     15th May 2013 Africa-focused project developer Ivanplats on Wednesday said it had significantly increased the resources at two of its largest African projects and added that it was moving to finalise its mining-right application at the South African Platreef project this quarter. Toronto-based Ivanplats, the... 

Glencore Xstrata Q1 results show solid performance from metals division

By: Natalie Greve     13th May 2013 The newly merged Glencore Xstrata group on Monday posted combined first-quarter 2013 production results, which saw the metals and minerals division delivering solid results, despite some softening in prices towards the end of the quarter. The energy divisions – comprising coal and oil – saw... 

Miserable year for miners, bankers – Liberum

By: Martin Creamer     3rd May 2013 In what had been a miserable year for miners and bankers, the UK mining-investment sector had lost a quarter-plus of its value, and was £100-billion down on last year, Liberum Capital mining head Michael Rawlinson said at the weekend. Equity issuance had been terrible, initial public offering... 

Alara's Saudi project delivers the goods

By: Esmarie Iannucci     1st May 2013 A definitive feasibility study (DFS) into ASX-listed Alara Resources’ Khnaiguiyah zinc/copper project, in Saudi Arabia, has shown that the project could be financially robust. The project would likely deliver some two-million tons a year of zinc, over a 13-year life-of-mine, with production... 

Xstrata Zinc’s Brunswick mine closes, receives safety award

By: Henry Lazenby     1st May 2013 After 49 years of operation, Xstrata Zinc's Brunswick mine closed on a high note on Tuesday, as the company announced it had recently learned that it would be awarded this year's John T. Ryan Safety Award for outstanding safety performance in the metal mine category in the Quebec and East... 

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