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Zinc News

Biden infrastructure plan targets electric cars, clean power

By: Bloomberg     1st April 2021 President Joe Biden is calling for sweeping investment in electric vehicles, renewable power and the electric grid as part of a broad blueprint to bolster the US economy while combating climate change. The president’s plans, part of a $2.25-trillion infrastructure and stimulus blueprint he is... 

Alta raises cash for Italian exploration

By: Esmarie Iannucci     24th March 2021 Junior Alta Zinc will raise A$3.75-million to fund exploration drilling at its Gorno zinc project, in Italy. The ASX-listed company has received binding commitments from professional and sophisticated investors to subscribe for some 750-million shares, at a price of 5c each, under the company’s... 

Master Drilling advancing mechanisation for two top-tier local clients  

By: Martin Creamer     23rd March 2021 Mine mechanisation is being advanced for two top-tier  local clients of Master Drilling, the CEO of the JSE-listed company, Danie Pretorius, said on Tuesday. Speaking to Mining Weekly in a Zoom interview after reporting 72.7%-higher 2020 net cash generation of $25.5-million, 18%-lower debt to... 

Master Drilling CEO Danie Pretorius
Master Drilling CEO Danie Pretorius interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Remote-operation drilling footprint providing sizeable benefit – Master Drilling  

By: Martin Creamer     23rd March 2021 An increased remote-operation drilling footprint is providing considerable benefit for Master Drilling, the JSE-listed drilling services company said on Tuesday, when it reported 72.7%-higher 2020 net cash generation of $25.5-million, 18%-lower debt to $42.1-million, and a halved gearing ratio to... 

Remote-operation drilling footprint providing sizeable benefit – Master Drilling
Master Drilling results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Master Drilling in muted but resilient 2020 performance 

By: Martin Creamer     23rd March 2021 Drilling services company Master Drilling, which operates in 23 countries and which is continuing to grow its presence in new global markets, on Tuesday reported a “muted but resilient performance” for the full year ended December 31, thanks to what it described as a “flexible business model and... 

Master Drilling CEO Danie Pretorius.
Photo by Creamer Media
Master Drilling CEO Danie Pretorius.

Northern Cape ‘elephant country' needs exploration boost, says explorer  

By: Martin Creamer     17th March 2021 South Africa is still "elephant country" and needs to boost exploration in the Northern Cape's highly prospective Namaqua metamorphic geological province in particular, says PGM Management MD Gerhard Meintjes. Meintjes, a private explorer who spoke to Mining Weekly in a Zoom interview, focuses on... 

PGM Management MD Gerhard Meintjes
PGM Management MD Gerhard Meintjes interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Boliden warns profit to be hit by Covid outbreaks among staff

By: Reuters     15th March 2021 Miner Boliden warned on Monday that increased sick leave due to Covid-19 infections and production disruptions in its Aitik mine in Sweden and the Tara mine in Ireland would hit profits in the first quarter. The negative effect is expected to be nearly 200-million crowns ($23.4-million) and will... 

Just clearing exploration backlog would be huge leap forward – Miller  

By: Martin Creamer     12th March 2021 Ahead of tackling policy issues, incremental ongoing effort must be prioritised to clear South Africa’s huge mineral exploration and mining rights backlog, says AmaranthCX director Paul Miller. The backlog currently stands at more than 5 000 unprocessed exploration applications and  235... 

AmaranthCX director Paul Miller.
AmaranthCX director Paul Miller talks exploration to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Canada targets 31 critical minerals for domestic production

By: Mariaan Webb     12th March 2021 Natural Resources Minister Seamus O’Regan has announced the release of a Canadian critical minerals list, signalling to investors where the country’s focus will be in the global race to shore up supply of minerals that will drive the transition towards a low-carbon future. The list, announced... 

Canadian Natural Resources Minister Seamus O'Regan
Canadian Natural Resources Minister Seamus O'Regan

Ontario seeks to capitalise on growing demand for critical minerals

By: Mariaan Webb     11th March 2021 The Ontario government is developing its first-ever critical minerals strategy to help generate investment, increase the province's competitiveness in the global market, and support its transition to a low-carbon economy. Announcing the initiative at the Prospectors and Developers Association’s... 

Ontario seeks to capitalise on growing demand for critical minerals

Venturex advances work at Sulphur Springs

By: Esmarie Iannucci     10th March 2021 Junior Venturex Resources is readying to start a number of work streams at its Sulphur Springs copper/zinc project, in Western Australia, in a bid to advance the project to a final investment decision. A 2018 definitive feasibility study estimated that the Sulphur Springs project would require a... 

Commissioning starts at Plomosas

By: Esmarie Iannucci     10th March 2021 Commissioning activities have started at the Plomosas processing plant, in Mexico. ASX-listed Consolidated Zinc on Wednesday reported that the mill and wet end o the plant would be commissioned from March 13, adding that a short commissioning period was expected. 

Energy Secretary Granholm says US needs to produce more EV minerals

By: Reuters     10th March 2021 US Secretary of Energy Jennifer Granholm on Tuesday said the United States needs to boost domestic production of the minerals used to make electric vehicles, so long as it is done sustainably. The United States has been trying to wean its automobile supply chain off of China and other countries... 

US Secretary of Energy Jennifer Granholm
US Secretary of Energy Jennifer Granholm

Canada positioning for post-Covid-19 recovery with critical minerals push – O’Regan

By: Donna Slater     9th March 2021 Canada is using its measures to recover from the Covid-19 pandemic to position itself as a haven for new technology and battery minerals, boasting a wealth of such minerals found in few other places around the globe, said Natural Resources Minister Seamus O’Regan. He gave the keynote address at... 

Natural Resources Minister Seamus O'Regan addressing the virtual PDAC 2021.
Natural Resources Minister Seamus O'Regan addressing the virtual PDAC 2021.

Mines anywhere, everywhere can go green – Hydrogen Optimized 

By: Martin Creamer     8th March 2021 Owing to the ubiquity of the world’s sun and the wind, all mines have the opportunity to generate their own green electricity no matter where they are located in the world, Hydrogen Optimized CEO Andrew T Stuart emphasised during last week’s Fasken online panel discussion on hydrogen. In this... 

Fasken panel that discussed hydrogen.
Photo by Creamer Media
Fasken panel that discussed hydrogen.

South Africa ‘unique’ circumstances could give it tech-minerals edge - 18

By: Simone Liedtke     5th March 2021 Amid continuing decarbonisation worldwide, the increased global demand for tech minerals (such as zinc, copper, tin and vanadium) presents South Africa’s mining regions with “a unique set of circumstances”, says dual-listed Orion Minerals CEO Errol Smart. He tells Engineering News & Mining Weekly... 

South Africa ‘unique’ circumstances could give it tech-minerals edge - 18

Galileo enters into agreement to sell Star Zinc to Zambia-focused company

By: Donna Slater     4th March 2021 Zinc, copper and rare earths explorer Galileo Resources has entered into a conditional agreement with Siege Mining regarding the ceding of ownership, operation and participation in the Star Zinc project. For its part, Galileo will cede its ownership of the project for a consideration of $750... 

Mining magnets: Arctic island finds green power can be a curse

By: Reuters     3rd March 2021 In the tenth century, Erik the Red, a Viking from Iceland, was so impressed with the vegetation on another Arctic island he had found he called it "the green land". Today, it's Greenland's rocks that are attracting outsiders - superpowers riding a green revolution. The world's biggest island has... 

Greenland Minerals and Energy's Kvanefjeld
Greenland Minerals and Energy's Kvanefjeld

Phoenix takes option on Newfoundland copper/zinc mine

By: Creamer Media Reporter      2nd March 2021 TSX-V-listed Phoenix Gold has entered into an option agreement to acquire a past producing copper and zinc mine in Newfoundland. The company entered into an agreement with WBN Prospecting to buy the York Harbour property, consisting of five mineral licences and 156 mineral claims totalling 3 900... 

Fitch raises metals, mining price assumptions in line with returning demand, low inventories 

By: Donna Slater     26th February 2021 Ratings agency Fitch Ratings has revised some of its metals and mining price assumptions in line with that it sees as commodity prices being set to benefit in the short term from returning demand, as well as slow supply response and low inventories. The agency’s revision of all iron-ore price... 

Fitch raises metals, mining price assumptions in line with returning demand, low inventories

Test mine study under way for Fourth Industrial Revolution try-outs  

By: Martin Creamer     24th February 2021 A feasibility study is under way on a mine selected for the testing of Fourth Industrial Revolution (4IR) technologies ahead of their implementation, Minerals Council South Africa senior executive modernisation and safety Sietse van der Woude said on Wednesday. Van der Woude was answering... 

Clockwise from top left Sietse van der Woude, Ian Mackay, and Bernard Swanepoel.
Joburg Indaba Modernisation in Mining virtual event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

The fight to save the LME ring begins as traders warn on pricing

By: Reuters     24th February 2021 The London Metal Exchange is facing broadening resistance to a plan to close its iconic open-outcry trading floor, with German traders and manufacturers joining some members to warn that closing “the Ring” would hurt pricing and volumes. The LME suspended trading on the floor in March, and last... 

Task team developing Canadian critical minerals inventory

By: Creamer Media Reporter      23rd February 2021 A federal-provincial-territorial task team has been established to develop a Canadian critical minerals inventory, Natural Resources Minister Seamus O’Regan said on Monday. The inventory would be used to build an integrated, all-Canadian critical minerals and battery value chain. 

Coal to China set to continue while Asian giant not buying from Australia – Glencore 

By: Martin Creamer     17th February 2021 The export of South African coal to China is poised to continue while China decides not to buy Australian coal, Glencore CEO Ivan Glasenberg said during this week’s Glencore media conference. “China still imports round about 185-million tons to 190-million tons of seaborne coal. They like to... 

Glencore heading for a future without any coal production.
Photo by Bloomberg
Glencore heading for a future without any coal production.

Nagle expresses firm belief in Glencore’s coal-depleting climate change strategy 

By: Martin Creamer     16th February 2021 Firm belief in the climate change strategy being embarked upon by diversified mining and marketing company Glencore was expressed on Tuesday by incoming Glencore CEO Gary Nagle, Outgoing Glencore CEO Ivan Glasenberg announced in December that he would be handing over the reins of the global... 

Gary Nagle
Gary Nagle

Glencore ready to support transition to low-carbon economy – Glasenberg 

By: Martin Creamer     16th February 2021 Diversified mining and marketing company Glencore is ready to support the transition to a low-carbon economy, CEO Ivan Glasenberg said on Tuesday when the company reported finishing 2020 with earnings before interest tax depreciation and amortisation (Ebitda) of $11.6-billion, Covid-19... 

Glencore CEO Ivan Glasenberg
Glencore CEO Ivan Glasenberg

Horizon strikes out on its own at Nimbus

By: Esmarie Iannucci     11th February 2021 Gold developer Horizon Minerals has taken the decision to advance its Nimbus silver/zinc project, in Western Australia, following a strategic review. The company told shareholders that while several acquisition and earn-in proposals had been received and carefully considered for the Nimbus... 

Botswana intensifying effort to attract non-diamond exploration  

By: Martin Creamer     3rd February 2021 Botswana has intensified efforts to digitise and make geoscience information readily available to local and international potential investors in an effort to encourage prospecting for non-diamond minerals, Botswana President Mokgweetsi Masisi told the virtual 2021 Investing in African Mining... 

Botswana president Mokgweetsi Masisi
Photo by Creamer Media
Botswana president Mokgweetsi Masisi

Mining has a role to play in supporting the global population, says Cutifani

By: Simone Liedtke     3rd February 2021 The global human population – almost nine-billion people – cannot be supported without mining, diversified miner Anglo American CE Mark Cutifani said during a panel discussion at the virtual Investing in African Mining Indaba on February 2. Speaking during an environmental, social and governance-... 

Glencore reports higher zinc, silver output but lower ferrochrome and copper production 

By: Marleny Arnoldi     3rd February 2021 Global miner Glencore says its mining assets performed well in difficult circumstances during 2020, with year-on-year increases in zinc, gold and silver production. Glencore says Covid-19 and the related mandatory suspensions and restrictions impacted on ferrochrome production in South Africa,... 

Glencore CEO Ivan Glasenberg
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Orion paving way for another exciting 'green' base metals hub in Northern Cape 

By: Martin Creamer     2nd February 2021 The copper strength of Orion Minerals is intensifying with Tuesday’s announcement of the company’s exclusive option to acquire the Okiep Copper Complex in South Africa’s Northern Cape for A$7.5-million. The Sydney- and Johannesburg-listed company, headed by Errol Smart, now has an opportunity to... 

The Okiep Copper Complex that Orion Minerals has an option to acquire.
Photo by Orion Minerals
The Okiep Copper Complex that Orion Minerals has an option to acquire.

‘We need exploration to grow our industry’ – Minerals Council  

By: Martin Creamer     1st February 2021 “We need exploration to grow our industry,” Minerals Council South Africa president Mxolisi Mgojo said on Monday during a virtual State of the Mining Nation media briefing in which he described exploration as one of the low-hanging fruits that could change South Africa’s economic trajectory in... 

Minerals Council South Africa president Mxolisi Mgojo
Minerals Council South Africa media brief reporting by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

New Century's output drops

By: Esmarie Iannucci     29th January 2021 Zinc miner New Century Resources has reported a 4% drop in production from its namesake project in Queensland, during the quarter ended December. The miner on Friday announced that zinc production for the three months to December had reached 32 400 t, down from the 33 600 t produced in the... 

Wolfden raises C$2m from Altius and Kinross

By: Mariaan Webb     28th January 2021 Explorer and developer Wolfden Resources has raised C$2-million from Altius Minerals and Kinross Gold, which now hold about 12.6% and 11.4% of the issued and outstanding shares of the company. The proceeds of the C$0.32-a-share offering would be used to continue exploration at the Pickett... 

Picket Mountain
Picket Mountain

Orion Minerals starts 2021 on a positive note following encouraging drilling results 

By: Simone Liedtke     25th January 2021 Dual-listed Orion Minerals has started 2021 on a positive note with an encouraging set of results from its high-impact exploration drilling programmes targeting near-mine and regional volcanogenic massive sulphide (VMS) copper/zinc and nickel/copper targets around its flagship Prieska copper/zinc... 

Lundin continues improvement trend in 2020

By: Simone Liedtke     21st January 2021 Diversified Canadian base metals miner Lundin Mining met its production guidance for all metals for the 2020 financial year, ended December 31, with copper production standing out at 230 781 t. Gold production exceeded guidance, reaching 163 000 oz. 

New Century's rehab costs decline

By: Esmarie Iannucci     20th January 2021 The Queensland Department of Environment and Science has agreed to a A$14.1-million reduction of the estimated rehabilitation cost (ERC) for the New Century zinc mine. ASX-listed New Century Resources on Wednesday told shareholders that the ERC has now been reduced to A$183.9-million, following... 

Consolidated Zinc adjusts Plomosas offtake

By: Esmarie Iannucci     19th January 2021 Base metals miner Consolidated has updated its offtake agreement with Industrias Penoles SA de CV that would reduce transport costs for the Plomosas concentrate that is delivered and sold to Penoles. As part of the agreement, Consolidated Zinc has also granted Penoles an additional one-year... 

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