Keyword: "zinc"

Mining News Pro - New Century Resources has achieved a mining rate of 8.9 million tonnes a year at the Century zinc operation in Queensland.

Mining News Pro - According to the latest report from Fitch Solutions, elevated zinc prices relative to historical levels will incentivise investment in new projects, expansions and restarts as the economics of the projects maintain their attractiveness, market analysts maintain.

Mining News Pro - Benchmark zinc on the London Metal Exchange (LME) ended down 0.7% at $2,274 a tonne, retreating from Friday`s high of $2,353.50 and nearing a three-month low of $2,201 touched on Dec. 3.

Mining News Pro - Global mined zinc production is poised for gains over the coming years, according to Fitch Solutions’ new industry analysis. Globally, mined zinc production will continue to ramp up as elevated prices encourage miners to restart idled capacity and begin production at key new mines, Fitch forecasts.

Mining News Pro - Vancouver-based NorZinc, owner of the Prairie Creek zinc-lead project 200 km west of Fort Simpson, has received the water licence and land use permit from Parks Canada for its portion of the all-season road to the mine site.

Mining News Pro - Brazil’s Nexa Resources (TSX, NYSE: NEXA) expects to begin commercial production at its recently acquired Aripuanã zinc project, in the country’s Mato Grosso state, by 2021, as the company seeks to maximize benefits of current market conditions for the base metal.

Mining News Pro - Mining and commodities trader giant Glencore (LON: GLEN) has taken a small stake in an Irish zinc project located next to its own Pallas Green lead-zinc development by investing C$1 million in Group Eleven Resources’ (TSX-V: ZNG) Stonepark deposit.

Mining News Pro - Commodities trader Trafigura Group Ltd. used its influence at Nyrstar NV, one of the world’s biggest zinc refiners, to undermine the company and unfairly enrich itself, a group of Nyrstar shareholders has alleged.

Mining News Pro - Teck Resources (TSX: TECK) says an equipment failure that occurred this weekend at its zinc refinery in Trial, British Columbia, could cost the miner between 20,000 and 30,000 tonnes in lost production.

Mining News Pro - The price of cobalt is up 18% over the last two weeks after Glencore announced it is halting operations at its Mutanda copper-cobalt mine in the Congo – until at least 2021.

Mining News Pro - Pacific Energy’s wholly-owned KPS subsidiary has secured a new contract to supply electricity to Round Oak Minerals’ Jaguar copper-zinc mine, in Western Australia.

Mining News Pro - Zinc production is set to ramp globally by 2.1% year-on-year according to a new report from Fitch Solutions. In the coming years elevated prices encourage miners to restart idled capacity and begin production at key new mines.

”Mining News Pro - First Ore-Mining Company and ZYFRA have signed a memorandum of understanding (MoU) that could see the Pavlovskoye lead-zinc deposit deploy artificial intelligence-based solutions for mining and processing operations.

Mining News Pro - Osisko Metals of Montreal has released additional assays from 145 drill holes completed in the L-36 and L-35 areas in the East Mill zone at the Pine Point zinc-lead camp. The intersections are within flat, tabular deposits and are located between nine to 51 metres below surface.

Mining News Pro - The price of copper dropped to a 15-week low on Monday after China fired back in the mounting trade war with the US. In afternoon trade, copper for delivery in July touched $2.709 a pound ($5,972 a tonne), down 2.4% from Friday’s settlement.

Mining News Pro - New Century Resources has reiterated the potential for an expansion project at the Century zinc mine in Queensland after achieving a strong March quarter.

Mining News Pro - Zinc touched a two-week low on Wednesday on concerns that Chinese smelters will ramp up output, but prices were supported by a shortage of immediately available material on the London Metal Exchange (LME). Benchmark zinc on the LME closed 0.4 percent up at $2,873 a tonne after slipping to $2,842, its lowest since March 26.

Mining News Pro - Since closing the acquisition of its high grade copper-zinc project in northern British Columbia in December 2017, Kutcho Copper has completed a full field season of data collection and drilling, and published a resource update.

Mining News Pro - Zinc prices climbed to $2,845 a tonne on Wednesday after data showed LME warehouses now hold little over 58,000 tonnes of the metal; less than two days’ worth of global consumption.

Mining News Pro - 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 will result in total global production of 15.7-million tons in 2022.

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