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Zinc News

Glencore top-up lifts planned shareholder returns to $2.8-billion 

By: Martin Creamer     5th August 2021 Diversified mining and marketing company Glencore on Thursday announced additional shareholder returns, comprising a $0.5-billion special cash distribution for payment in September and a $650-million share buyback to be completed by the release of full-year results next year. This overall top-up... 

Orion inks Okiep deal to expand copper reach

By: Donna Slater     2nd August 2021 JSE- and ASX-listed diversified metal explorer and developer Orion Minerals has exercised its exclusive option to acquire a controlling interest in the majority of the properties comprising the Okiep copper project (OCP), in the Northern Cape. In addition to the OCP option acquisition, Orion has... 

Venturex goes underground, changes name

By: Esmarie Iannucci     2nd August 2021 ASX-listed Venturex Resources on Monday unveiled a rebrand, with the company’s base metal assets now to be supported by an underground services arm. MD Bill Beament used the Diggers & Dealers forum to unveil the rebrand, with Venturex now to be called Develop. 

An image of Bill Beament
Bill Beament

New CEO to lead North Wales copper/zinc mine to production

By: Mariaan Webb     29th July 2021 London-listed Anglesey Mining, which is developing a copper/zinc deposit in North Wales, has appointed a new CEO, who will be tasked with moving the Parys Mountain project towards production and raising the funds needed to do so. The company on Thursday announced the appointed of Jo Battershill... 

A drilling rig operating in North Wales

Zinc delivers record quarter for New Century

By: Esmarie Iannucci     29th July 2021 Base metals miner New Century Resources has reported record sales for the quarter ended June, as zinc production increased and C1 costs declined. The ASX-listed miner on Thursday announced that zinc metal production for the June quarter reached 31 737 t, up 4% on the previous quarter, while C1... 

Bluejay to sell Finnish assets to dedicated battery metals firm

By: Mariaan Webb     28th July 2021 Greenland-focused explorer and developer Bluejay Mining has announced the proposed sale of two projects in Finland to a dedicated battery metals group in which it will become a significant shareholder. Bluejay has signed a binding term-sheet and entered into a conditional agreement for the sale... 

Metals make climate change mitigation possible – Citi Research 

By: Martin Creamer     23rd July 2021 In a rapid electrification scenario, metals have the ability to bring about the reduction of close to 1 000 gigatonnes (Gt) of global greenhouse gas (GHG) emissions by 2050, Citi Research states in a note that examines the metals industry’s potential contribution to climate change mitigation over... 

A graphic compiled the Citi Research on the fast and moderate way of meeting the Paris climate change accord.
Complying with the Paris agreement on climate change mitigation.

Australian firm sells Myanmar project in wake of coup

By: Reuters     21st July 2021 Myanmar Metals said on Wednesday it planned to sell its 51% stake in Bawdwin silver, lead, and zinc project in Myanmar, citing difficulties in securing financing for the $300-million project after a coup led to social unrest earlier this year. Businesses have collapsed in the Southeast Asian... 

Exploration trailblazer Orion cracks retail investor code with 14 000-plus SA backers  

By: Martin Creamer     21st July 2021 More than 14 000 South Africans now own shares in the discovery and development mining company Orion Minerals, which is reflective of retail investment that can be stimulated in South Africa to support essential local minerals exploration. What is also extremely promising is that the dual listed... 

This is a picture of Errol Smart, CEO of Orion Minerals, who is also chair of Minerals Council junior miner leadership forum.
Orion Minerals CEO Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Kavango further defines South Ganzi mineralisation

By: Marleny Arnoldi     19th July 2021 London-listed Kavango Resources has reported more positive soil sampling results from its South Ganzi base metals project, in the Kalahari Copper Belt, in Botswana. The company has now completed 150 km of sampling lines over the Acacia and Morula targets.  

Mine achieves massive earnings boost after employing four more people  

By: Martin Creamer     19th July 2021 Guided by a value driver tree (VDT) study, an opencast mine increased its earnings massively after employing four additional operators at comparatively negligible cost. The operation’s earnings before interest, taxes, depreciation and amortisation (Ebitda) soared hugely from $634.3-million to... 

Gary Lane is also a director of SiMine
Value Driver Tree case study covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Citronen mine life extended

By: Esmarie Iannucci     19th July 2021 A bankable feasibility study (BFS) into the Citronen zinc/lead project, in Greenland, has increased the expected mine life by 50%, to 20 years compared with the 2017 feasibility study while also improving the mine design. ASX-listed Ironbark Zinc on Monday reported that the BFS estimated that... 

Small miners aim for European supply chain for EVs independent from China

By: Reuters     16th July 2021 Growing demand for electric vehicles has spurred small-scale miners of the lithium, cobalt and rare earths that automakers rely on to develop mines and build refining capacity in Europe to reduce their reliance on China. Efforts by the United States and Europe to build a secure and independent... 

Well-known mining personalities behind new green metals SPAC

By: Mariaan Webb     15th July 2021 Former executives of Canadian miner Detour Gold have teamed up with some of the biggest names in Australian mining and a Glencore director to launch a special purpose acquisition company (SPAC) targeting assets fitting the green-economy metals and mining profile. Increasingly popular, SPACs are... 

Photo of a man, Mick McMullen, speaking at a function.
Mick McMullen, former executive at Detour Gold and Stillwater, is the CEO of Metals Acquisition.

Life in mining-dependent countries significantly improved – ICMM 

By: Martin Creamer     14th July 2021 Life in mining-dependent countries has improved significantly in the 23 years leading up to 2018, with strong governance the key to improving socio-economic well-being, the International Council on Mining and Metals (ICMM) said on Wednesday. A report that analysed 41 social metrics grouped under... 

A picture of the CEO of the International Coiuncil on Mining and Metals
ICMM CEO Rohitesh Dhawan

Alta upgrades Gorno estimates

By: Esmarie Iannucci     14th July 2021 Junior Alta Zinc has reported a significant increase in the resource estimate for its Gorno zinc/lead/silver deposit, in Italy. The project is now estimated to host some 7.79-million tonnes of resource, grading 6.8% zinc, 1.8% lead and 32 g/t silver for 530 000 t of contained zinc, 140 000 t of... 

Exploration is quick foreign investment ‘no brainer’, says Minerals Council’s Smart  

By: Martin Creamer     13th July 2021 Exploration is one of the quickest ways to secure foreign direct investment into South Africa for the generation of desperately needed jobs and wealth during the country's hour of need, said Minerals Council South Africa junior and emerging miners’ leadership forum chairperson Errol Smart on... 

Picture of Errol Smart, who is also CEO of Orion Minerals.
Minerals Council Junior Leadership Forum chair Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

EU, Ukraine sign preliminary deal on key raw materials, batteries

By: Reuters     13th July 2021 The European Union and Ukraine signed on Tuesday a memorandum of understanding (MoU) covering critical raw materials and batteries as the 27-country bloc tries to diversify supplies following disruptions caused by the Covid-19 pandemic. The move is part of the European Commission's Action Plan... 

China to sell more metals from reserves to ensure stable prices

By: Bloomberg     7th July 2021 China, the world’s top commodities consumer, pledged to release more base metals from its state reserves after completing a first batch of sales in its latest effort to rein in surging raw material costs. More sales will be arranged in the near term to ensure market stability, the National Food... 

A worker stands on bundles of aluminum ingots at a China National Materials Storage and Transportation Corp. stockyard in Wuxi, China.

S2 Research says Orion announcements underline ‘compelling’ investment proposition

By: Simone Liedtke     7th July 2021 Market researcher S2 Research on July 6 said dual-listed Orion Minerals’ current share price “represents a significant discount to the value of the Prieska copper/zinc project alone”, and that the miner’s recent announcements “represent value-accretive options that significantly underline the... 

Mining vital to economy, can help guide country's path – President 

By: Martin Creamer     5th July 2021 Mining is vital to the South African economy and the opportunities that exist in mining can help guide the country’s path to a more inclusive and equitable economy, President Cyril Ramaphosa stated on Monday. Writing in his From the Desk of the President column, Ramaphosa placed mineral and... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Glencore paid governments $5.8bn, working hard to develop local skills

By: Martin Creamer     30th June 2021 As one of the world’s largest natural resource companies, with operations across five continents, Glencore is committed to delivering long-lasting socioeconomic benefits, CFO Steven Kalmin on Wednesday. Speaking on video with the release of Glencore's 2020 Payment to Governments Report, Kalmin... 

Glencore CFO Steven Kalmin
Photo by Creamer Media
Glencore CFO Steven Kalmin

Aton signs drilling contract with Energold

By: Tasneem Bulbulia     17th June 2021 TSX-V-listed Aton Resources has signed a contract with Energold Drilling to carry out a minimum of 4 250 m of diamond drilling at its Abu Marawat concession, in Egypt. The drilling programme will be focused on the Rodruin and Hamama projects, with drilling expected to begin in September. 

PFS supports sequential development of Fountain Head and Hayes Creek – PNX

By: Creamer Media Reporter      17th June 2021 A prefeasibility study (PFS) has confirmed the viability of the sequential development of the Fountain Head gold and Hayes Creek gold/silver/zinc projects, in the Pine Creek region of Northern Territory. Announcing the PFS outcomes on Thursday, PNX Metals said the study envisaged initial gold... 

300-plus vehicle fleets assessed for cleaner, safer mine mobility in five regions – ICMM 

By: Martin Creamer     15th June 2021 As part of the cleaner, safer vehicles initiative of the International Council on Mining and Metals (ICMM), more than 300 vehicle fleets have been assessed for cleaner, safer mobility on more than 300 mines in five regions globally, ICMM health, safety and product stewardship director Sarah Bell... 

ICMM health, safety and product stewardship director Sarah Bell
International Council on Mining and Metals’ Sarah Bell interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

NUM to march next month over rising unemployment in Mpumalanga

By: Simone Liedtke     15th June 2021 The National Union of Mineworkers (NUM) Highveld Region is preparing to march against continued retrenchments, outsourcing, use of labour brokers and the increasing unemployment rate in the Mpumalanga province. The march, to be held on July 15, will be targeted at State-owned utility Eskom, as... 

New Century hedges its bets

By: Esmarie Iannucci     15th June 2021 Base metals miner New Century Resources has executed a zinc hedging transaction with Macquarie Bank, representing some 25% of the annual production from its Century zinc mine, in Queensland. The company has hedged 90 000 t of payble zinc over a three year period, in equal monthly proportions,... 

Early Tesla investor backs firm that tracks metals supply chain

By: Bloomberg     11th June 2021 An early Tesla investor is backing a startup that helps track battery metals across the supply chain to ensure they hold up to environmental and ethical scrutiny. The Westly Group, which led a funding round with five other venture capital firms, invested $14-million in Circulor, according to a... 

Early Tesla investor backs firm that tracks metals supply chain

Allow geologists from surrounding African countries to boost SA's exploration rebirth, top explorer advises  

By: Martin Creamer     11th June 2021 Exploration geologists from surrounding countries should be allowed into South Africa to boost exploration. That is the view of Exploration Geology Consultants exploration manager Thinus Jordaan, who believes that South Africa’s planned exploration thrust should focus on commodities required in... 

Exploration Geology Consultants exploration manager Thinus Jordaan
Exploration manager Thinus Jordaan interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

‘Overwhelming’ support for Beament-led VentureX recap

By: Mariaan Webb     10th June 2021 Shareholders in ASX-listed VentureX Resources have given their “overwhelming” backing for a Bill Beament-led strategic funding package, designed to reposition the company to be come a supplier of new-generation energy and technology metals. The approval at an extraordinary general meeting (EGM)... 

VentureX incoming executive director Bill Beament
VentureX incoming executive director Bill Beament

US must work with allies to secure electric vehicle metals - White House

By: Reuters     8th June 2021 The United States must work with allies to secure the minerals needed for electric vehicle batteries and process them domestically in light of environmental and other competing interests, the White House said on Tuesday. The strategy, first reported by Reuters in late May, will include new... 

US must work with allies to secure electric vehicle metals - White House

Mining firms with higher ESG ratings outperform market – PwC  

By: Martin Creamer     8th June 2021 Mining companies with higher environmental, social and governance (ESG) ratings outperformed the broader market during the peak of the Covid-19 crisis, delivering 34% average total shareholder return over the past three years — ten percentage points higher than the general market index,  PwC... 

PwC Africa mining leader Andries Rossouw
PwC Mine 2021 Report covered by Mining Weekly’s Martin Creamer. Video: Nicholas Boyd

Titan opts out from Mineral Ridge

By: Marleny Arnoldi     7th June 2021 TSX-listed Titan Mining has decided to terminate its option on the Mineral Ridge property, owned by Scorpio Gold, and will rather focus its efforts on increasing cash flow from its Empire State Mines (ESM), in upstate New York. The company explains in a statement that it had undertaken an... 

Hot prices pervading commodities market, CRU tells Junior Indaba  

By: Martin Creamer     2nd June 2021 Price hotness is pervading the commodities market, CRU senior analyst Clare Hanna said on Tuesday, when she addressed the second and final day of the Junior Indaba. Speaking on ‘what’s hot and what’s not’, Hanna said almost all commodities were at the higher-than-15% level. (Also watch attached... 

Commodity prices soaring above cost levels shown in this CRU chart.
CRU senior analyst Clare Hanna at Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Australia poised to benefit from increased commodity demand - MCA

By: Esmarie Iannucci     2nd June 2021 A new report by the Minerals Council of Australia (MCA) has shown that Australia was poised to take advantage of the predicted increase in global demand for commodities. The MCA’s Commodity Demand Outlook 2030 has predicted that seaborne iron-ore demand would rise moderately, from 1.5-billion... 

Australia poised to benefit from increased commodity demand - MCA

Council for Geoscience goes live with digital geoscience data

By: Martin Creamer     1st June 2021 South Africa’s Council for Geoscience went live on Tuesday with making geoscience data digitally available. During a panel discussion on the first day of the Junior Indaba, Council for Geoscience CEO Mosa Mabuza invited all to go on to the council’s website to find this data, the bulk of which,... 

From top clockwise, ENSafrica COO Otsile Matlou, Geoscience CEO Mosa Mabuza, Orion Minerals CEO Errol Smart, DMRE DG Advocate Thabo Mokoena and AmaranthCX director Paul Miller.
Photo by Creamer Media
From top clockwise, ENSafrica COO Otsile Matlou, Geoscience CEO Mosa Mabuza, Orion Minerals CEO Errol Smart, DMRE DG Advocate Thabo Mokoena and AmaranthCX director Paul Miller.

Tender for new modern cadastre system to be invited next week   

By: Martin Creamer     1st June 2021 A tender for a new modern cadastre system to provide exploration information will be invited by the end of next week, Department of Mineral Resources and Energy (DMRE) director-general Advocate Thabo Mokoena said on Tuesday. In his opening keynote address on initiatives to ignite the exploration... 

Department of Mineral Resources and Energy Director-General Advocate Thabo Mokoena
Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Fitch lifts 2021 pricing assumptions for various metals 

By: Marleny Arnoldi     28th May 2021 Credit ratings agency Fitch Ratings has increased its copper price assumptions, among others, following “exceptionally” strong pricing conditions in the year-to-date. The agency declared a new price assumption of $9 000/t for this year, up from its previous assumption of $7 200/t.  

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