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Zinc News

Strike ends at Sierra Metals’ Yauricocha mine

By: Creamer Media Reporter      15th April 2019 A near-month-long labour strike over contractor changes at the Yauricocha mine, in Peru, ended at the weekend. Canada-based mining company Sierra Metals has said that an agreement was reached whereby no contractors dismissed as part of the contractor change will be reinstated, which was the... 

Exxaro reaffirms health, safety goals at Sustainability Summit

By: Simone Liedtke     12th April 2019 Empowered diversified miner Exxaro Resources on Friday reaffirmed its safety, health and environmental goals at its yearly Sustainability Summit, held in Lephalale, Limpopo. The summit is being held soon after the group celebrated a 24-month fatality-free milestone. 

Orion Minerals halts securities trading at JSE as it prepares for capital raising

By: African News Agency      11th April 2019 Australian miner Orion Minerals on Thursday requested an immediate trading halt be placed on its securities in the Johannesburg Stock Exchange (JSE) as it anticipates making a material announcement in relation to a proposed capital raising. Orion said the trading halt was requested until the... 

Good start to 2019 for Central Asia Metals

By: Creamer Media Reporter      10th April 2019 London-listed Central Asia Metals Limited (CAML) has had a good start to the year at its Kounrad and Sasa operations, with the company on Wednesday declaring that it was on track to meet its full-year guidance for copper, zinc and lead. The Kounrad dump leach, solvent extraction and... 

Good start to 2019 for Central Asia Metals

Trevali appoints Vale COO Grimbeek its new CEO

By: Creamer Media Reporter      9th April 2019 Base metals miner Trevali Mining has named mining engineer Ricus Grimbeek its president and CEO to take over from Mark Cruise on April 23. Grimbreek, who holds a degree from South Africa’s University of Pretoria, is a mining executive with nearly three decades of experience in the resources... 

Nigeria suspends mining in Zamfara state after banditry surges

By: Reuters     8th April 2019 Nigeria has suspended mining in the restive northwestern state of Zamfara, a presidential aide and the police chief said on Sunday, amid concerns that illegal miners were connected to a surge in banditry. The suspension underscores the breakdown of security in a part of the country where the... 

Jubilee set to acquire Sable Zinc refinery  

By: Nadine James     22nd March 2019 Dual-listed Jubilee Metals on Friday announced that it has executed a share purchase agreement for the acquisition of the Sable Zinc refinery in Kabwe, Zambia. The refinery is situated immediately adjacent to the large stockpiles of zinc, lead and vanadium that Jubilee has contracted from BMR Group. 

Kinross acquires 9.7% of Wolfden Resources

By: Marleny Arnoldi     20th March 2019 TSX-V-listed Wolfden Resources’ share price shot up 5% to C$0.18 apiece, following its announcement that Kinross Gold would take a 9.7% stake in the junior miner. The subscription agreement entails a nonbrokered private placement of about 12.5-million common shares of Wolfden at a price of... 

Vedanta to shut Namibian zinc refinery for five weeks

By: Reuters     14th March 2019 Vedanta Zinc International, a unit of diversified miner Vedanta Resources, said on Thursday it would close its Skorpion Zinc Refinery in Namibia for five weeks after a strike by its mining contractor depleted stocks. "During the strike period, the Skorpion Refinery continued to run which led to... 

Toral scoping study economics announced

By: Simone Liedtke     12th March 2019 The initial economics of Toral lead/zinc project, in north-west Spain, are robust, with a scoping study calculating a $110-million net present value, at an 8% discount rate, and an internal rate of return of 24.4%, dual-listed Europa Metals announced this week. The scoping study estimated... 

Glencore signs annual zinc treatment charges deal with Canada's Noranda

By: Reuters     11th March 2019 Global trader and miner Glencore has struck a deal with its Canadian subsidiary Noranda Income Fund on the terms of zinc treatment charges for the coming year, but did not disclose the fees, the fund said on Friday. Noranda, whose operations include a zinc processing facility in Quebec, last... 

Zinc demand, production to increase over next four years

By: Rebecca Campbell     8th March 2019 Data and analytics company GlobalData has forecast that worldwide zinc production will grow at a compound annual growth rate of 3.8% between this year and 2022. This growth will be underpinned by production increases and the opening of new mines, in Canada, China, India, Kazakhstan and Mexico,... 

Shortages, shrinking stocks to energise zinc bulls

By: Reuters     5th March 2019 Shortages for a fourth year running and historically low stocks of zinc are likely to propel prices of the metal to $3,000 a tonne over coming months, while an end to the US-China trade dispute could spur even more gains. Benchmark zinc on the London Metal Exchange at around $2 760/t is up... 

Orion mulls solar, wind energy generation options for Prieska project

By: Marleny Arnoldi     5th March 2019 ASX-listed Orion Minerals on Tuesday announced that it had signed a renewable energy generation collaboration agreement with Juwi Renewable Energies South Africa to investigate the renewable energy generation potential at the Prieska zinc/copper project, in South Africa’s Northern Cape province.... 

Orion mulls solar, wind energy generation options for Prieska project
Photo by Creamer Media
Orion Minerals Errol Smart

Anglo American Sefa Mining Fund to become an Orion shareholder 

By: Simone Liedtke     4th March 2019 The Anglo American Sefa Mining Fund (AASMF) will become a shareholder of ASX- and JSE-listed Orion Minerals. This follows after the parties agreed to restructure Orion subsidiary Repli Trading, with Orion to issue shares to AASMF in consideration of preference shares held by the fund in Repli,... 

End of Woodlawn construction fast approaching

By: Marleny Arnoldi     4th March 2019 ASX-listed Heron Resources on Monday announced that wet commissioning had started at the process plant of its Woodlawn base metals project, in New South Wales. The only remaining step in commissioning the project was to feed ore through the plant. Once completed, the company would transition to... 

Zinc demand and production to increase over the next four years

By: Rebecca Campbell     1st March 2019 Data and analytics company GlobalData has forecast that worldwide zinc production will grow at a compound annual growth rate of 3.8% between this year and 2022. This growth will be underpinned by production increases and the opening of new mines in Canada, China, India, Kazakhstan and Mexico, and... 

Gamsberg ‘a breath of fresh air’ in embattled South African mining industry – Ramaphosa 

By: Simone Liedtke     28th February 2019 President Cyril Ramaphosa on Thursday presided over the official inauguration of Vedanta Zinc International’s (VZI’s) Gamsberg mine, near Aggeneys, in the Northern Cape. The mine, which boasts one of the largest known and undeveloped zinc orebodies in the world, will contribute more than... 

Gamsberg ‘a breath of fresh air’ in embattled South African mining industry – Ramaphosa
Photo by Creamer Media's Simone Liedtke
Northern Cape Premier Sylvia Lucas, President Cyril Ramaphosa, Vedanta Resources chairperson Anil Agarwal, VZI CEO Deshnee Naidoo and Mineral Resources Minister Gwede Mantashe

Hudbay hits base, precious metals near its Lalor mine

By: Marleny Arnoldi     27th February 2019 TSX- and NYSE-listed Hudbay has discovered a depsoti with 35.6 m of high-grade mineralisation that has both zinc-rich massive sulphides and gold, between the old Chisel North mine and the producing Lalor mine, in Canada, both of which Hudbay owns. At a downhole depth between 540 m and 576 m,... 

Freeport investing to mitigate risk from tailings dams - CEO

By: Reuters     25th February 2019 Freeport-McMoRan CEO Richard Adkerson said on Monday his company has been investing heavily to mitigate any danger from tailings dams and is "comfortable" with engineering designs in place at existing dams. "Early on, we recognized this as a major risk area for our company," Adkerson said at an... 

Orion closer to unlocking full potential of Prieska project  

By: Marleny Arnoldi     25th February 2019 ASX- and JSE-listed Orion Minerals has identified numerous compelling targets for both volcanic massive sulphide- (VMS-) style zinc/copper mineralisation and nickel/copper sulphide mineralisation within a 15 km radius of the world-class Prieska deposit, in South Africa’s Northern Cape. The... 

Orion closer to unlocking full potential of Prieska project
Orion CEO and MD Errol Smart

Too much zinc has miners begging for smelters as new mines open

By: , Bloomberg     25th February 2019 A likely rebound in the amount of raw zinc produced this year could have miners "begging smelters” to refine the metal used to galvanize steel, potentially boosting their fees to the highest in two years. Supplies of the refined metal have been tight following smelter disruptions in China. This... 

EY says Canadian miners can be more optimistic about 2019

By: Mariaan Webb     22nd February 2019 The Canadian mining sector continued to face challenges in the final quarter of 2018, as a Chinese economic slowdown weighed on commodity prices, but advisory firm EY says there is reason to be optimistic for 2019. The EY Canadian Mining Eye index, which tracks the Canadian mining sector... 

EY says Canadian miners can be more optimistic about 2019

Hudbay plans C$124m mill refurbishment to double Manitoba mine's gold output

By: Mariaan Webb     20th February 2019 Base and precious metals miner Hudbay Minerals has outlined a new mine plan for the Lalor mine, in Manitoba, which extends the mine life beyond ten years and transitions the operation to a primary gold mine, which will be one of the lowest-cost in Canada. The new mine plan includes the... 

Hudbay plans C$124m mill refurbishment to double Manitoba mine's gold output
The Lalor mine in Manitoba.

Weaker prices hit Silvercorp Q3 performance

By: Nadine James     15th February 2019 TSX-listed Silvercorp Metals, which owns and operates mines in China, on Thursday reported a net income of $8.7-million for the third quarter ended December 31 – representing a 31% year-on-year decline with the company achieving a net income of  $12.7-million in the third quarter of 2018. The... 

Lundin says Portugal project costs revised upward

By: Mariaan Webb     15th February 2019 Canada-headquartered Lundin Mining has announced a new cost estimate for its Neves-Corvo zinc expansion project (ZEP), in Portugal, with costs increasing to €320-million. This compares with an initial approved budget of €256.5-million for the project, which will double the mine’s production to... 

Lundin says Portugal project costs revised upward

Connemara mulls name change to ‘Arkle Resources’

By: Simone Liedtke     12th February 2019 Gold and zinc explorer Connemara Mining on Tuesday announced a proposed name change to Arkle Resources. The name change, while reflecting the company’s heritage as an Ireland-based business established to focus on zinc assets, would better reflect its diversified position in gold and zinc... 

Xolobeni judgment continues to confound 

By: Martin Creamer     11th February 2019 Mining must take place with a strong focus on the interests of those who live in mining areas, says Mineral Resources Minister Gwede Mantashe, a standpoint that supports the notion that a mining right and a land right can co-exist, without pleasing one party at the expense of the other.  But the... 

Xolobeni judgment continues to confound
Mineral Resources Minister Gwede Mantashe

Zimbabwe lithium project wins the Mining Indaba’s Investment Battlefield competition 

By: Kim Cloete     7th February 2019 Junior mining company, Prospect Resources, has won the 2019 Mining Indaba Investment Battlefield for its lithium project located in Zimbabwe. Prospect Resources executive director Harry Greaves scooped the first prize at the Investing in African Mining Indaba, in Cape Town, after pitching the... 

Ascendant secures OPIC loan for Honduras expansion

By: Creamer Media Reporter      6th February 2019 Toronto-based miner Ascendant Resources has secured financing from a US government agency that helps businesses invest in emerging markets to expand its El Mochito zinc/lead/silver mine in Honduras. The nonbinding term sheet with Overseas Private Investment Corporation (OPIC) is for a... 

Zinc One unveils maiden resource estimate for Peru project

By: Simone Liedtke     5th February 2019 TSX-V-listed Zinc One Resources has announced a maiden initial resource estimate for the Bongará zinc mine project, in north-central Peru. The estimate consists of an indicated mineral resource of 812 000 t averaging 18.9% zinc containing 339-million pounds of zinc at a 10% zinc cut-off and an... 

Glencore’s FY18 copper, cobalt output up on restart of Katanga processing operations 

1st February 2019 Diversified miner Glencore on Friday reported an 11% year-on-year increase in its copper production and a 54% year-on-year increase in its cobalt output, mainly as a result of the restart of Democratic Republic of Congo- (DRC-) based subsidiary Katanga Mining’s processing operations in late 2017.... 

Glencore’s FY18 copper, cobalt output up on restart of Katanga processing operations

Orion appoints financial adviser for Prieska project

By: Creamer Media Reporter      31st January 2019 ASX- and JSE-listed Orion Minerals has appointed Endeavour Financial as financial adviser to assist in the evaluation of funding options for the Prieska zinc/copper project, in South Africa's Northern Cape.   “We look forward to working with the Endeavour Financial team to evaluate and put in... 

Orion welcomes Tembo, noteholders’ support

By: Tasneem Bulbulia     28th January 2019 Dual-listed Orion Minerals has welcomed the support of Tembo Capital Mining and the holders of its convertible notes as it advances its Prieska zinc/copper project, near Kimberley, in South Africa’s Northern Cape. Tembo has provided Orion with a new A$3.6-million loan facility to progress the... 

Europa Metals streamlines listings

By: Tasneem Bulbulia     25th January 2019 European lead/zinc explorer Europa Metals has submitted a formal application to be removed from the official list of the ASX and plans to move its main listing from Johannesburg to London. Further, the company also applied to move from the main board of the JSE to the AltX. As a result, its... 

Europa Metals streamlines listings
Europa Metals' primary listing will move to London.

Battery metals a key opportunity for Africa

By: Paige Müller     25th January 2019 A number of exploration projects are moving closer to production, following a period of significant explorative work financed by investors in the African battery metals space, says minerals exploration and evaluation consultancy firm The MSA Group principal consultant for critical metals Michael... 

Battery metals a key  opportunity for Africa
OPTIMISING POTENTIAL To attract further investment into the wealth of battery metals available in Africa, countries will need to mitigate investor risk

Mining Charter boosts junior mining

By: Paige Müller     25th January 2019 After 20 years of poor policy and oppressive regulations having all but irradiated South Africa’s junior mining sector, the local junior mining industry is beginning to turn around as a result of the Mining Charter, says minerals explorer Orion Minerals CEO Errol Smart. Serving as Junior Miner... 

Mining Charter  boosts junior mining
SCOPING STUDY COMPLETED Orion Minerals released a scoping study on its Prieska Zinc/Copper project that established a robust first phase of production with solid cash flow potential and a payback of three years from initial production

Consultancy plans to expand mining capability

By: Jessica Oosthuizen     25th January 2019 Multidisciplinary engineering and environmental consultancy Knight Piésold aims to expand its mining capability and market share, especially in tailings, as well as assist mines in developing renewable-energy projects in remote areas where grid power is unavailable or unreliable, says Knight... 

Consultancy plans to expand mining capability
AWARD WINNING Knight Piésold won a South African Institution of Civil Engineering award for the design of the tailings storage facility of diversified miner Vedanta’s four-million-tonne-a-year Gamsberg zinc project
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