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Zinc News

Mining junior launches exploration programme at Madagascar prospect

By: Megan van Wyngaardt     16th July 2010 As part of its exploration and expansion programme junior miner Sunridge Gold has announced that another initial exploration programme has started at the Besakoa gold/copper/zinc volcanogenic-massive sulphide (VMS) project in south central Madagascar. 

Weatherly funded for restart of Namibia copper mines

By: Chanel de Bruyn     12th July 2010 Namibian base-metals-miner Weatherly International announced on Monday that it would restart production at its Otjihase and Matchless copper mines now that it had secured the required funding and finalised other mine plans. It was planning to bring the two operations, collectively called the... 

Xstrata Zinc starts construction of Quebec mine

By: Chanel de Bruyn     12th July 2010 Xstrata Zinc Canada has started construction on its C$158-million joint-venture (JV) Bracemac-McLeod zinc and copper mine, in Quebec. Production was expected to start in early 2012, ramping up to full output of 80 000 t/y of zinc and 10 000 t/y of copper by the first quarter of 2013. 

Blackthorn and Glencore agree offtake deal for Perkoa mine

By: Esmarie Iannucci     6th July 2010 Base metals explorer Blackthorn Resources has signed an offtake agreement with Swiss commodities trader Glencore International for the zinc concentrates produced at the Perkoa mine, in Burkina Faso. The offtake agreement would only come into effect once the Perkoa joint venture (JV) was formed... 

Scorpio says Q2 throughput at Mexico mill to fall 23%

By: Chanel de Bruyn     5th July 2010 A ball mill failure at Vancouver-based Scorpio Mining’s Nuestra Señora mill facility, in Mexico, will cut the facility’s second quarter throughput by 23%, the company announced on Friday. The facility had been expected to produce about 90 000 t of material from the Nuestra Señora... 

Farallon plans to open second Mexico mine in 2013

By: Mariaan Webb     29th June 2010 Vancouver-based Farallon Mining plans to open a new mine near its G-9 operation, in Mexico, in 2013. The TSX-listed miner said on Tuesday it would formally re-evaluate four deposits to assess the feasibility of building a second mine at Campo Morado, which would piggyback on infrastructure... 

Hudbay discovers more gold and copper at Lalor deposit

By: Chanel de Bruyn     23rd June 2010 The development of base-metals-miner Hudbay Minerals’ Lalor deposit, in the Chisel basin of Manitoba’s Flin Flon Greenstone Belt, was continuing on an “expedited” basis, with shaft collaring and sinking expected to start later this year, vice chairperson and interim CEO Warren Holmes said on... 

Coffey Mining completes preliminary assessment 
of Ghana bauxite project

By: Jonathan Faurie     18th June 2010 Coffey International subsidiary, Coffey Mining, has completed a preliminary assessment of the Mamou-Dalaba bauxite project in Guinea, West Africa, on behalf of Canadian-based client Anglo Aluminium Corporation. 

Chinese miners active globally to feed economic growth at home

By: Keith Campbell     18th June 2010 China continues to need for natural resources to feed its economic growth, which remains essential because the country is still, on a per capita basis, very poor. The country has many minerals & metals resources of its own, but many are inadequate in volume or quality or both, hence the need... 

Doe Run workers protest to demand smelter reopen

By: Francisca Pouiller     14th June 2010 More than 3 500 employees of Doe Run Peru (DRP)'s La Oroya smelter held protests on Monday, calling for the company to set a date for restarting the operation. Workers have blocked a main road in central Peru, the Carretera Central, but want to avoid any kind of violent confrontations, workers'... 

Zim government finalising review of minerals law

By: Jonathan Faurie     11th June 2010 Zimbabwe President Robert Mugabe says that the review of the country’s Mines and Minerals Act is progressing satisfactorily. 

Firms seeking to expand globally eyeing Africa – broker

By: Jonathan Faurie     11th June 2010 The green shoots of a commodity revival signalling the end of the global financial crisis are starting to take root as international majors are on an acquisition drive in Africa. 

Locals will have a 51% stake in all major businesses – Mugabe

By: Jonathan Faurie     11th June 2010 Zimbabwe President Robert Mugabe has insisted that locals will hold a 51% stake in any business venture involving foreign investors in line with the country’s indigenisation legislations. 

Meridian may reopen Emanuel Range lead/zinc mine

By: Esmarie Iannucci     10th June 2010 ASX-listed Meridian Minerals would complete a bankable feasibility study (BFS) for its Emanuel Range lead/zinc project, in the Lennard Shelf project area in Western Australia, before the end of the year, it reported on Thursday. The BFS was examining the viability of restarting mining operations... 

Fenix capex not likely much changed from last $1bn estimate – Hudbay

By: Liezel Hill     9th June 2010 The price tag to build the Fenix nickel project in Guatemala will probably not be significantly different from the last published figure of $1-billion, Hudbay Minerals CFO David Bryson said on Wednesday. HudBay plans to complete an updated feasibility study for the project in the third quarter... 

Teck sees no change in fundamental demand – Lindsay

By: Liezel Hill     8th June 2010 Canadian diversified miner Teck Resources has not seen any evidence to support the negative market sentiment over commodity demand that has emerged in the last couple of weeks, CEO Don Lindsay said on Tuesday. “So far, we haven't seen the change in fundamental demand that the market is... 

Andean American targets H2 2011 start-up at Peru mine 

By: Liezel Hill     28th May 2010 Vancouver-based Andean American Mining hopes to draw down on a project debt facility in the third quarter for the construction of its Invicta gold/silver/copper/lead/zinc mine in Peru, with the first production targeted for the second half of 2011. The company expects to achieve two key... 

Teck will go ahead with new Red Dog deposit

By: Liezel Hill     20th May 2010 Vancouver-based Teck Resources will move ahead with development of the Aqqaluk deposit at its Red Dog mine in Alaska, despite appeals against the water discharge permit for the mine, the company said on Thursday. After discussions with the US Environmental Protection Agency on the status of the... 

Base metals support remains in place – Natixis

By: Liezel Hill     14th May 2010 Although base metals prices have not escaped the effects of market volatility over the last couple of months, the factors that have supported the rebound in industrial metals in the last year “remain largely in place”, London-based Natixis Commodity Markets said in a report on Friday. Base-metal... 

Farallon reports another quarterly production record

By: Liezel Hill     13th May 2010 Vancouver-based Farallon Mining produced a best-ever 25-million pounds of zinc and 2,1-million pounds of copper in concentrates from its G-9 mine, in Mexico, during the first quarter. The company earned $6,2-million in the period, and generated $6-million in cash from operations before changes... 

TNG sells Northern Territory project to Chinese firm

By: Esmarie Iannucci     11th May 2010 ASX-listed explorer TNG has sold its Manbarrum zinc/lead/silver project, in the Northern Territory, to China’s Teng Fei Mining (TFM) for $8,5-million in cash. TNG would also receive a 2% net smelter return on any future mining production from the Manbarrum tenements. 

Teck, EPA discussing solutions on Red Dog permit

By: Liezel Hill     11th May 2010 Canadian diversified miner Teck Resources continues to hold talks with the US Environmental Protection Agency (EPA) about permitting requirements for the company's Red Dog zinc operation, CEO Don Lindsay said on Monday. “We remain in ongoing dialogue with the EPA and there are a number of... 

Anglo sells zinc assets to Vedanta for $1,3bn

By: Loni Prinsloo     10th May 2010 Global mining giant Anglo American would sell its portfolio of zinc assets to London-listed diversified miner Vedanta Resources for $1,34-billion. Anglo American's zinc portfolio comprises of the Skorpion mine in Namibia, the Lisheen mine in Ireland and a 74% interest in Black Mountain Mining in... 

HudBay wants to buy copper, zinc assets in the Americas

By: Liezel Hill     6th May 2010 Toronto-based HudBay Minerals is in the market for base-metal acquisitions, and mainly ones located in North America, acting CEO Warren Holmes said on Wednesday. However, the firm, which ended the first quarter with C$910-million in cash, will also look at potential targets in South America, he... 

HudBay Minerals swings to Q1 profit

By: Liezel Hill     4th May 2010 Canadian base-metals miner Hudbay Minerals earned C$23,6-million in the first quarter, compared with a C$4-million loss in the same period of 2009, helped by stronger metals prices in the first three months of this year. Revenue for the quarter rose 49% year-on-year, to C$240,32-million. 

Zinc 'war room' up in 'next few weeks' – Exxaro

By: Martin Creamer     4th May 2010 Zinc asset disposer Exxaro expects to have its zinc-sale "war room" established in the "next few weeks", Exxaro financial director Wim de Klerk told Mining Weekly Online on Tuesday. De Klerk said, after Exxaro announced the disposal of the company's Glen Douglas dolomite quarry to JSE-listed... 

Worker dies after accident at Breakwater mine

By: Liezel Hill     3rd May 2010 An employee of Breakwater Resources has died after an accident at the company's Toqui operation, in Chile, the firm reported on Monday. The cause of death is unknown and senior officials from the TSX-listed company are on their way to assist in the investigation, the firm said.  

Lundin Mining posts $38m Q1 profit

By: Liezel Hill     29th April 2010 Toronto-based Lundin Mining earned $38-million in the first quarter, the firm announced on Thursday, returning to profit from a $8,6-million loss a year earlier. Lundin owns the Zinkgruvan mine in Sweden, Neves-Corvo in Portugal and the smaller Aguablanca operation in Spain. It also owns a... 

Nyrstar lifts Q1 zinc output by 16%

By: Loni Prinsloo     28th April 2010 Belgium-based miner Nyrstar reported a 16% increase in its first-quarter zinc metal production compared with the previous quarter, mainly owing to the ramp-up of its Balen smelter in Belgium, which returned to full production at the end of the quarter. The world's largest zinc producer said that... 

Inmet earnings up 56% y-on-y

By: Liezel Hill     27th April 2010 Toronto-based Inmet Mining increased profit 56% in the first quarter, as the company benefited from higher copper and zinc prices, it said on Tuesday. Net income rose to C$79,87-million, from C$51,33-million a year earlier. 

Ontario mulls use for Xstrata met site

By: Liezel Hill     26th April 2010 The government of Ontario is working with the city of Timmins to consider options for the Xstrata metallurgical site, the province said on Monday. Xstrata announced in December it would permanently close down its copper and zinc metallurgical plants in Timmins by May 1, and said the decision... 

Teck announces dividend

By: Liezel Hill     22nd April 2010 Vancouver-based Teck Resources will resume payment of dividends at an annual rate of C$0,40 a share, the company said on Thursday. Shares in the company jumped on the news, rising 3,31% on the day, to C$43,09 apiece, by 12:42 in Toronto. The firm's board has declared an initial semi-annual... 

Doe Run Peru smelter now seen reopening by end July

By: Francisca Pouiller     22nd April 2010 Doe Run Peru's La Oroya smelter will not restart operations on April 29, as had been agreed earlier this year with workers, president Juan Carlos Huyhua has confirmed. Huyhua told the government committee that is overseeing the company's commitments that Doe Run is close to reaching an... 

Teck faces permitting roadblock at Red Dog

By: Liezel Hill     21st April 2010 Canadian base-metals and coal miner Teck Resources is waiting for direction from the US Environmental Protection Agency over permitting conditions at its Red Dog zinc operation, in Alaska, CEO Don Lindsay said on Wednesday. Some conditions of a new environmental permits were withdrawn because of... 

No need for acquisitions, but dividend 'high priority' – Teck CEO

By: Liezel Hill     21st April 2010 Vancouver-based Teck Resources does not see a need to pursue acquisitions, although it would be in a financial position to do so, CEO Don Lindsay said on Wednesday. “Never say never, but we don't feel that there is much of a need” for acquisitions, he said. 

Teck Q1 profit up, to retire last Fording debt this week

By: Liezel Hill     20th April 2010 Vancouver-based Teck Resources earned C$937-million in the first three months of this year, compared with just C$252-million a year earlier, the diversified miner reported on Tuesday. The company also revealed that it has given notice to repay the remainder of its term loan on April 22, at which... 

Teck raised to investment grade by S&P

By: Liezel Hill     16th April 2010 Standard & Poor's Ratings Services (S&P) has raised its long-term corporate credit rating on Teck Resources to investment grade. The company was raised to 'BBB', with a stable outlook, from 'BB+', after its financial risk profile improved significantly, thanks to the accelerated repayment of... 

Anglo getting 'strong interest' for assets on the chopping block

By: Matthew Hill     14th April 2010 Multi-product miner Anglo American said on Tuesday it has received “strong interest across the board” in its non-core asset divestment announced in October. There had been a particularly keen attraction to its zinc assets. Said spokesperson James Wyatt-Tilby: “The process to sell the portfolio... 

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