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Zinc News

China Africa Resources progresses feasibility study

By: Natasha Odendaal     8th March 2013 London-listed China Africa Resources expected to complete the feasibility study of its Berg Aukas project, in northern Namibia, by the end of the year. China Africa Resources, which was a 65:35 joint venture between East China Mineral Exploration and Development Bureau and Aim-listed Weatherly... 

Aboriginal training alliance formed as Feds highlight Ring of Fire development

By: Henry Lazenby     5th March 2013 A memorandum of understanding (MoU) creating a new training alliance was on Monday inked at the Prospectors and Developers Association of Canada’s (PDAC’s) yearly convention, paving the way for a skilled Aboriginal workforce to be trade-ready to contribute to the development and exploitation of... 

SA Deputy Minerals Minister defends MPRDA revision at PDAC

By: Henry Lazenby     5th March 2013 South Africa’s Deputy Minister for Mineral Resources Godfrey Oliphant has defended the current review of the Mineral and Petroleum Resources Development Act (MPRDA), saying it did not affect investor confidence in the country’s mining industry, owing to not being policy yet. The Deputy Minister... 

Trevali Mining receives first half of $60m debt financing

By: Henry Lazenby     1st March 2013 Canada’s zinc-focused Trevali Mining has received in-principle approval from the resource financing division of the FirstRand Group of South Africa, RMB Resources, for the first $30-million tranche of a $60-million senior debt and prepaid precious metals facility. The debt facility would be used... 

China’s interest in Africa picking up as its economy recovers

By: Keith Campbell     22nd February 2013 The year 2011 saw a staggering increase in Chinese mining investments in Africa. Whereas these had totalled some $1.5-billion at the end of 2010, by the conclusion of 2011 the figure had rocketed to $15.6-billion.  

HudBay profit down on lower sales, prices

By: Henry Lazenby     21st February 2013 Toronto- and New York-listed HudBay Minerals on Thursday said profit for the fourth quarter ended December 31 was down almost 80% year-on-year at $7.4-million or 4c a share, on lower sales and weaker metals prices. This compared with a profit of $34.3-million or 21c a share in the fourth quarter... 

Teck Resources profit slides on dwindling coal prices

By: Henry Lazenby     7th February 2013 Despite achieving higher coal and significantly improved copper sales, Canadian diversified miner Teck Resources posted a 77% slide in fourth-quarter profit on sagging coal prices. Profit attributable to shareholders for the quarter ended December 31, was $145-million or 25c a share, compared... 

Ivanplats to mine platinum, manufacture in Bushveld 

By: Martin Creamer     6th February 2013 Beneficiation would be the key driver of Ivanplats' proposed new platinum mine in South Africa where platinum-product manufacturing would take place together with mining, Ivanhoe chairperson Robert Friedland said on Wednesday. Ivanplats, which listed in Canada eight months ago, is considering a... 

Turkish project gives developer Aldridge the ‘natural edge’

By: Henry Lazenby     6th February 2013 Turkey-focused project developer Aldridge Minerals believes its flagship Yenipazar polymetallic volcanogenic massive sulphide project would be a catalyst for significant new value creation once production, slated for early 2016, starts. CEO Mario Caron on Tuesday told Mining Weekly Online the... 

New Brunswick government signs zinc mine environmental agreement

By: Henry Lazenby     1st February 2013 The province of New Brunswick on Thursday entered into a limited environmental liability agreement with zinc-focused miner Trevali regarding the historic environmental liabilities at the recently acquired Caribou mine and mill complex, located in the Bathurst mining camp. Under the agreement,... 

Canadian Zinc receives first operating permit for Prairie Creek mine

By: Idéle Esterhuizen     28th January 2013 The Mackenzie Valley Land and Water board has issued Canadian Zinc Corporation a land-use permit for the establishment and operation of the winter road that would service the Prairie Creek zinc/lead/silver mine. The land-use permit was issued for a period of five years, starting January 10, and... 

Ascot to complete Zambia project beneficiation report in Feb

By: Natasha Odendaal     28th January 2013 Aim-listed metals processing group Berkeley Mineral Resources (BMR) said on Monday that a technical team from Ascot Group arrived in Zambia to survey and inspect the tailings of BMR’s Kabwe lead/zinc project. Ascot, appointed by BMR last year to draw up plans for a lead and zinc beneficiation... 

World interest in Canada's minerals and metals at record high – report

By: Henry Lazenby     21st January 2013 World interest in Canadian minerals and metals reached a record high in 2011 as measured by exploration spending, the Mining Association of Canada's (MAC’s) new 'Facts & Figures 2012' report has found. Exploration investment in Canada reached C$3.9-billion in 2011, with spending for 2012... 

Trevali announces revised resource estimate at New Brunswick project

By: Henry Lazenby     18th January 2013 Zinc-focused base-metals development company Trevali Mining on Thursday announced results of a Canadian National Instrument 43-101-compliant resource update for its Caribou deposit, in New Brunswick, adding copper and gold to the resource and increasing both the tonnage and overall... 

Pilbara proves a good spot for Venturex

By: Esmarie Iannucci     18th December 2012 A definitive feasibility study (DFS) into ASX-listed Venturex Resources’ Pilbara copper-zinc project has defined the project as one of the largest emerging base and precious metals projects in Australia. With a total mineral resource of some 26.37-million tons, grading 1.2% copper, 2.4% zinc,... 

Inmet shares spike after snubbing First Quantum offer

By: Henry Lazenby     28th November 2012 The price of Toronto-listed Inmet Mining’s shares responded positively to news that the company had adopted a shareholder rights plan, which is intended to give the board and shareholders enough time to evaluate unsolicited takeover offers. Canada-based Inmet said First Quantum’s cash-and-stock... 

Trevali to start Peruvian plant commissioning early in 2013

By: Henry Lazenby     28th November 2012 Zinc-focused miner Trevali Mining reported that development at its Santander zinc/lead/silver mine, in west-central Peru was in the final phase with initial mining and milling operations scheduled to start early in 2013. The company said all critical mill and processing infrastructure was now in... 

Greenland seeks to enable uranium production

By: Henry Lazenby     27th November 2012 Greenland’s Parliament recently showed unanimous support from all political parties to fast-track an independent review to finalise the government-driven, multiyear phase of information gathering on uranium production and associated issues. This review includes aspects that relate to Greenland's... 

MMB appoints COO to oversee Boleo construction, operations

By: Henry Lazenby     24th November 2012 Mexico-focused project developer Minera y Metalurgica (MMB) has appointed Kyoung Jin Park as its new COO to direct the construction activities, start-up and management of the $1.3-billion Boleo copper/cobalt/zinc project. "MMB's goal remains the same: complete construction of the process plant in... 

Baja Mining reports fatality at Mexican construction site

By: Henry Lazenby     16th November 2012 TSX-listed Baja Mining this week said construction activities were suspended at its 49%-owned Boleo copper/cobalt/zinc/manganese mine, in Mexico’s Baja California Sur, following the death of a subcontractor employee. The project is being developed by Minera y Metalurgica del Boleo (MMB), its... 

Inmet Mining shares lower on takeover denial

By: Henry Lazenby     13th November 2012 Shares in Toronto-listed Inmet Mining on Tuesday fell by 4.23% after the base metals producer denied it was in discussions with “any party” regarding the potential sale of the company or any part of it. Inmet released a statement following an unsourced report published on Monday by British... 

Scotiabank sees 2013 revival on China stimulus and political change

By: Simon Rees     9th November 2012 Scotiabank believes 2013 will mark a measured revival across metals commodities, with Chinese stimulus and economic performance pushing global direction, Scotiabank’s VP economics and commodity market specialist Patricia Mohr told delegates at the Mine Latin America conference on November 7.... 

More work at West Africa’s first zinc mine

By: Yolandi Booyens     9th November 2012 Shaft sinking and drilling company Redpath South Africa is negotiating the sinking of a second and perhaps a third shaft at the $72-million Perkoa zinc project, the first zinc mine in West Africa, in Burkina Faso, says Redpath GM Dirk Strachan. He notes that South Africa’s shaft-sinking skills... 

Lenders of Baja Mining agree to another extension of pay freeze

By: Henry Lazenby     7th November 2012 TSX-listed Baja Mining on Wednesday said the lenders to its 49% owned subsidiary Minera y Metalúrgica del Boleo (MMB) had agreed to extend the standstill agreement to November 20, allowing for construction of the Boleo copper/cobalt/zinc project, in Mexico, to proceed until the same date. The... 

Inmet and Petaquilla at loggerheads on Panama land-use rights

By: Henry Lazenby     2nd November 2012 The acrimonious relationship between Panama-focused gold miner Petaquilla Minerals and project developer Inmet Mining had deepened with the two companies at loggerheads about land-use rights adjacent to Inmet’s giant Cobre Panama copper/gold mine. Inmet on Thursday issued a statement in which it... 

Baja Mining receives more funding from Korean consortium

By: Henry Lazenby     2nd November 2012 Project developer Baja Mining on Friday said its subsidiary Minera y Metalúrgica del Boleo (MMB) had received another advancement of $84-million for the construction of the Boleo project, in Mexico. The Korean consortium threw Baja a $90-million lifeline during July, following Baja announcing in... 

Bellekeno mine, Canada

By: Sheila Barradas     26th October 2012 A silver, lead and zinc mine located, 450 km north of Whitehorse, in the Keno Hill silver district, in Canada’s Yukon Territory. 

Agnico-Eagle Mines posts record Q3 production, lifts guidance

By: Henry Lazenby     25th October 2012 Toronto-based miner Agnico-Eagle posted a record operational and financial third quarter, mainly the result of stronger gold production and cost management. The TSX-listed company lifted net income for the period ended September 30 to $106.3-million or 62c a share, compared with a loss of... 

Fortuna Silver Mines on target to beat full-year guidance

By: Henry Lazenby     11th October 2012 Latin America-focused Fortuna Silver Mines on Thursday said it was on track to beat its production guidance for the year, having by the end of the third quarter already produced 80% of its expected full-year silver guidance and 94% of the expected gold production. Fortuna, which operates the San... 

Capstone Mining says Q3 production ‘on track’

By: Henry Lazenby     11th October 2012 Vancouver-based base-metals producer Capstone Mining said it produced 3.19% more copper-in-concentrate at 22.6-million pounds during the third quarter ended September 30. The company, operating the Cozamin copper/silver/lead/zinc mine in Zacatecas state, Mexico, and the Minto copper/gold mine in... 

Adex Mining receives updated approval for New Brunswick site

By: Henry Lazenby     3rd October 2012 The New Brunswick Department of Environment and Local Government on Wednesday granted Adex Mining an updated approval to operate the dormant Mount Pleasant mine site, which the Toronto-based junior intended to restart. The Mount Pleasant property includes the tin/indium/zinc North Zone and the... 

Platinum expected to bounce back in 2013, metals stocks in surplus

By: Henry Lazenby     3rd October 2012 Platinum and palladium were expected to regain some of its lustre in 2013 as rising production costs in South Africa, which produces about 70% of the global supply of platinum, looked set to push prices higher, French bank Natixis said in its latest quarterly metals review. The ongoing labour... 

Scorpio Mining lifts Mexican mineral resources

By: Henry Lazenby     2nd October 2012 Mexico-focused Scorpio Mining has significantly increased the resource estimate for its fully owned San Rafael development project, in Sinoala state, Mexico, bringing it a step closer to development. The company said an independently updated resource estimate found that, although a portion of... 

Lady Loretta starts zinc production ahead of schedule

By: Esmarie Iannucci     25th September 2012 Swiss-listed diversified miner Xstrata has produced its first ore at the A$303-million Lady Loretta mine, in Queensland, ahead of schedule. Ore production had initially been scheduled for the end of 2013, but in May, the miner said it would accelerate the project by developing the upper ore... 

Vena Resources threatened with legal action on default

By: Henry Lazenby     24th September 2012 Peru-focused exploration company Vena Resources on Monday said it had been threatened with legal action by one of its lenders, owing to its 70% subsidiary Azulcocha Mining defaulting on a loan. Vena said it was working with lender Trafigura Beheer and its Peruvian subsidiary Consorcio Minero to... 

Balamara acquires zinc/silver project in Central Europe

By: Esmarie Iannucci     21st September 2012 ASX-listed Balamara Resources has expanded its footprint in Bosnia & Herzegovina with the acquisition of a second advanced zinc/silver project. The Varesh project consists primarily of two advanced polymetallic deposits located along strike from each other, and around 10 km apart. In addition,... 

Base-metals producers expected to focus on cost control, productivity

By: Henry Lazenby     17th September 2012 Ratings agency Fitch Ratings on Monday said it expected base-metals producers to focus on cost control and productivity, rather than volume growth or expansion over the next 12 to 18 months, as demand growth slowed. In a new report published on Monday, that detailed the firm’s expectations for... 

New Peru zinc mine expected complete by year-end

By: Henry Lazenby     12th September 2012 Zinc-focused miner Trevali Mining expected construction of its Peruvian Santander zinc/lead/silver mine to be complete by the end of the year, when commissioning was expected to start. The company on Wednesday said in a construction update that construction of the 2 000 t/d plant was progressing... 

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