Keyword: "zinc"

Mining News Pro - Development company ScoZinc has announced the prefeasibility study (PFS) results for its Scotia project, which indicate that the past-producing zinc and lead mine near Halifax could achieve commercial production in 12 months or less from securing project finance.

Mining News Pro - Japan`s Mitsui Mining and Smelting said on Monday its two zinc mines in Peru resumed operations on July 2 after a closure of more than three months to limit the spread of the novel coronavirus.

Mining News Pro - Despite current volatility, zinc prices have been forecast to climb in the coming months as COVID-19’s strain on the market eases.

Mining News Pro - An innovative concept for a new mine (more accurately a large group of 55 small mines over the LOM) has been unveiled by Osisko Metals in the PEA for its Pine Point lead-zinc project located near the town of Hay River in the Northwest Territories, Canada, which will have an average annual production of 327 Mlb of zinc and 143 Mlb of lead making it a top ten global zinc producer.

Mining News Pro - Private equity group Tembo Capital has confirmed its continued support of Orion Minerals through an extension to the term of the $3.6-million loan facility.

Mining News Pro - Belgium’s Financial Services and Markets Authority (FSMA) has broadened a probe kicked off in September into zinc firm Nyrstar NV that examines possible ties between the company and Trafigura, the world’s no.2 metals trader.

Mining News Pro - The Prieska copper-zinc mine being developed so spectacularly by Orion Minerals in the Northern Cape has environmental, social and governance (ESG) principles integrally built into it, Mining Weekly can today report.

Mining News Pro - Mexican miner Industrias Peñoles said that it will suspend operations of a zinc mine in central Mexico indefinitely due to difficult mining conditions and low metal prices.

Mining News Pro - Glencore is aiming to expand its zinc portfolio by increasing an interest in Vancouver-based junior Group Eleven Resources.

Mining News Pro - The London Metal Exchange (LME) zinc price has bounced by 20% from its March low of $1,685 a tonne to $2,020.

Mining News Pro - New Century Resources has maintained its June quarter guidance at the Century mine in Queensland despite a four-year low in zinc prices.

Mining News Pro - Collapsing demand for zinc caused by the novel coronavirus will swamp supply cuts from major producers Peru and India this year and leave the market with a massive surplus that will weigh on prices of the material used to galvanise steel.

Mining News Pro - Canadian company Zinc8 Energy Solutions is staying its course and continues to work on a demonstration project to deploy a 100 kW/1 MWh energy storage system to a site in New York state.

Mining News Pro - Strong zinc prices are increasingly prompting miners to bring idled capacity back on line and invest in new projects.

Mining News Pro - Zinc production will continue to ramp up over the coming years, as elevated prices encourage miners to restart idled capacity and begin production at key new mines, Fitch Solutions forecasts in its most recent report.

Mining News Pro - Trevali Mining (TSX:TV) has temporarily stopped production at its Caribou zinc-lead-silver mine in Canada’s New Brunswick province as challenges presented by the spread of covid-19 have added to woes posed by weak conditions in the zinc market.

Mining News Pro - Canada-based Lundin Mining, in the wake of learning one of its employees had tested positive for COVID-19, has responded to the growing pandemic by temporarily idling its Zinc Expansion Project (ZEP) at its Neves-Corvo copper-zinc operation in Portugal.

Mining News Pro - Analysts at Fitch have revised down their 2020 zinc price forecast from $2,450/tonne to $2,250/tonne as an “amalgam of market forces,” put in motion by the Covid-19 outbreak, weighs on prices in the short term.

Mining News Pro - Lundin Mining has put the brakes on zinc expansion activities at its Neves-Corvo operation in Portugal, joining the rising number of companies taking precautionary steps in the face of the global spread of the novel coronavirus.

Mining News Pro - Mineral exploration and development company Alta Zinc has suspended all operations at its flagship Gorno mine project in the Lombardy region of Northern Italy following the country’s complete lockdown due to the coronavirus pandemic.

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