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Zinc News

Sibanye incurs $2.58bn in impairments on lower metals prices

By: Tasneem Bulbulia     21st February 2024 Multinational mining and metals processing group Sibanye-Stillwater has incurred impairments of $2.58-billion, or about R47.45-billion, for the 2023 financial year, on the back of the deterioration in metals prices and certain operational factors. In a trading update ahead of the March 5... 

US moves to restore stockpiling ‘panic button’ in EV metals fight with China

By: Bloomberg     20th February 2024 Insiders liken it to a “panic button.” And for more than 80 years, the primary job of the National Defense Stockpile has been to keep the US military supplied with essential raw materials and protect against supply shocks. So when China surprised the markets by restricting exports of two niche... 

US moves to restore stockpiling ‘panic button’ in EV metals fight with China

Kin Mining proposes merger with PNX Metals

By: Mariaan Webb     16th February 2024 Following the recently completed sale of certain gold deposits to Genesis Minerals, ASX-listed Kin Mining is well-funded with A$75-million in cash and liquid assets and is now looking for potential strategic investments or acquisitions. One such opportunity that it is looking to pursue is a... 

South32 board approves $2.16bn US zinc mine

By: Mariaan Webb     15th February 2024 The board of South32 has given the green light for the development of the Taylor polymetallic deposit – the first development at its regional-scale Hermosa project in the US state of Arizona. The development of Taylor, which is aligned with the group’s strategy to reshape its portfolio, will... 

The Hermosa project in the US state of Arizona
The Hermosa project in the US state of Arizona

Power aggregators seen as key accelerators of South African mining’s energy transition  

By: Martin Creamer     13th February 2024 Many energy projects selling to one buyer, who in turn sells to many mines – this procurement model is seen as a key financial tool to accelerate the energy transition of South Africa’s mining industry. “We think the aggregator model can really accelerate the requirements of the mines to get... 

Nedbank CIB) Energy Finance Co-Head Amith Singh.
Nedbank CIB Energy Finance Co-Head Amith Singh interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Lundin reports fatality at Portugal mine

By: Creamer Media Reporter      13th February 2024 Canada-based Lundin Mining has reported a fatal incident at its Neves-Corvo zinc mine, in Portugal. The event occurred when an employee operating equipment underground was involved in a fall of ground incident on Monday. 

Permanent aerial mesh support, exoskeletons under scrutiny to make mining safer 

By: Martin Creamer     9th February 2024 Minerals Council South Africa is looking at the possibility of promoting permanent aerial mesh support throughout the mining industry as part of its fall-of-ground action plan. The Minerals Council has a robust fall-of-ground action plan that targets several dimensions of the biggest contributor... 

Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).
Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).

Vedanta focused on becoming ESG leader 

7th February 2024 Good governance and sustainable development are at the core of diversified global natural resources and technology conglomerate Vedanta Group's strategy, with a strong focus on health, safety and environment, and on enhancing the lives of local communities. The group is focused on becoming the... 

Vedanta focused on becoming ESG leader

Bolivia to ink $350m deal in Chinese financing for first zinc refinery

By: Reuters     7th February 2024 Bolivia's government will sign a deal with China on Tuesday for $350-million in financing to build the South American country's first zinc refining plant, Bolivia's Mining Ministry said. The 20-year loan from China's export-import bank will have an interest rate of 2%, the Ministry said.... 

Noise-induced hearing loss now highest priority mining health condition, Indaba hears 

By: Martin Creamer     6th February 2024 Noise-induced hearing loss has displaced tuberculosis (TB) and silicosis as the top priority health threat in the South African mining industry. “I’m emphasising noise-induced hearing loss because the other diseases have gone down markedly whereas noise-induced hearing loss has not gone down as... 

From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.
From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.

Fire damage, sanctions delay start of new Russia zinc mine

By: Reuters     6th February 2024 The start of zinc concentrate production at Russia's new Ozernoye mine will be delayed until at least the third quarter of 2024 and a ramp-up to full capacity until 2025, the mine operator said on Monday. The mine, which was originally due to start production by the end of 2023, was expected to... 

South Africa’s mining industry now 39% black-owned, Mining Indaba hears 

By: Martin Creamer     5th February 2024 In 2004, the year South Africa’s far-reaching Mining Charter was first introduced, black ownership in South Africa’s globally recognised mining industry stood at a negligible 2%. This has now leapt nearly 20 times higher to approximately 39%, South Africa President Cyril Ramaphosa highlighted in... 

President Cyril Ramaphosa at the Mining Indaba.
President Cyril Ramaphosa at the Mining Indaba.

Orion to benefit from fast-track strategy at Northern Cape project – analyst

By: Tasneem Bulbulia     2nd February 2024 ASX- and JSE-listed Orion Minerals has in place a company-making strategy of developing multiple metal producing hubs within South Africa’s Northern Cape, a richly endowed mineral province and a well-established mining jurisdiction, and it is making strong progress in terms of its production... 

An image of Orion Mineral's Prieska project
Orion is actively examining a fast-tracking of production at Prieska that could support production earlier than planned

Glencore reports lower production, builds solar plant in South Africa 

By: Marleny Arnoldi     1st February 2024 Diversified miner Glencore has reported lower volumes across its key commodities for the 2023 financial year, but notes that these were all nonetheless still within the guided ranges. The company’s own-mined production for the year totalled 1.01-million tonnes of copper, reflecting a 5%... 

Glencore CEO Gary Nagle
Glencore CEO Gary Nagle

Coal miner Ndalamo pursuing renewable energy, other minerals

By: Martin Creamer     31st January 2024 Coal mining company Ndalamo Resources is actively exploring opportunities in renewable energy and other minerals, paving the way for a diversified and resilient future. Ndalamo CEO Shammy Luvhengo states this in an Op-Ed in relation to the overarching theme of next week's 2024 Investing in... 

Ndalamo CEO Shammy Luvhengo.
Ndalamo CEO Shammy Luvhengo.

Anglo launches battery raw materials research project with large China recycler 

By: Martin Creamer     26th January 2024 South Africa-founded and Johannesburg- and London-listed Anglo American on Friday announced the launch of a research and development project in collaboration with one of China’s largest battery and battery material recyclers. The purpose of the project with Shenzhen-based GEM is to explore new... 

GEM and Anglo teams at signing ceremony.
GEM and Anglo teams at signing ceremony.

South32 coal production falls sharply

By: Mariaan Webb     22nd January 2024 Diversified mining company South32 on Monday reported a sharp drop in coal production, with metallurgical coal output slumping by 50% in the December quarter. The Illawarra mine, in Australia, produced 744 000 t in the three months ended December, compared with 1.48-million tonnes in comparative... 

The Illawarra metallurgical coal mine in Australia
The Illawarra metallurgical coal mine in Australia

Base metals navigating macroeconomic uncertainties

19th January 2024 With market dynamics presenting a mixed bag of challenges and potential opportunities, base metal nickel, specifically, has experienced notably low prices, averaging at $18 255/t in October 2023, which cross-commodity price reporting agency Fastmarkets says “prompts a cautious re-evaluation of... 

POTENTIAL REBOUND
Recent price increases suggest a potential rebound for copper in the macroeconomic environment
POTENTIAL REBOUND Recent price increases suggest a potential rebound for copper in the macroeconomic environment

Cadastre imminent, 2024 to be used as year to clear backlogs, says Minerals Minister 

By: Martin Creamer     18th January 2024 The introduction of an electronic cadastral system to record and enable online access to mining data is imminent, Mineral Resources and Energy Minister Gwede Mantashe emphasised in an interview with Radio 702 host Clement Manyathela on Thursday. Mantashe disclosed to Manyathela that agreement had... 

Gwede Mantashe
Photo by Creamer Media Chief Photographer Donna Slater
Gwede Mantashe

Global mining commits to nature-positive future 

By: Martin Creamer     18th January 2024 Global mining and metals companies have committed at Davos to take urgent action to support a nature-positive future by 2030 that promotes the health, diversity and resilience of species, ecosystems and natural processes. International Council of Metals and Minerals (ICMM) members have pledged... 

ICMM CEO Rohitesh Dhawan
ICMM CEO Rohitesh Dhawan

Expansion on track at Zambian project, First Quantum says

By: Tasneem Bulbulia     17th January 2024 As part of its 2023 Preliminary Production and 2024 to 2026 guidance, published this week, TSX-listed First Quantum Minerals has reiterated its commitment to delivering the S3 Expansion project at the Kansanshi mine, near Solwezi, in Zambia. The announcement was made as part of a stock market... 

South Africa-linked mining luminaries advising on metals industry greening 

By: Martin Creamer     17th January 2024 South Africa-linked mining luminaries are playing roles in an initiative to transform the metals industry with clean technology. Being targeted for metals is the elimination of energy-intensive smelters, toxic chemicals and strong acids. 

Ian Cockerill, Mark Cutifani and Tony O'Neill
Photo by Creamer Media
Ian Cockerill, Mark Cutifani and Tony O'Neill

Ivanhoe signs JV with DRC State miner to revive 100-year-old Kipushi mine

By: Marleny Arnoldi     16th January 2024 TSX-listed Ivanhoe Mines has signed a new joint venture (JV) agreement with State-owned mining company Gécamines to restart the high-grade Kipushi zinc/copper/silver mine, in the Democratic Republic of Congo (DRC). The company has already started with surface construction activities and... 

Ivanhoe signs JV with DRC State miner to revive 100-year-old Kipushi mine

Smart wristwatches to uplift mineworker well-being at Copper 360  

By: Martin Creamer     16th January 2024 Computer programmes that use artificial intelligence (AI) to model orebodies and plan mines optimally have already been introduced by Copper 360, says the JSE AltX-listed Northern Cape copper mining company, which is developing the Rietberg copper mine, the first of a dozen copper mining assets... 

Copper 360 CEO Jan Nelson
Copper 360 CEO Jan Nelson interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

JSE presents opportunity for critical mineral miners to access capital  

By: Martin Creamer     12th January 2024 Critical mineral demand is growing significantly at a time when South Africa has a pressing need to reawaken its public markets – two crucial needs that can be fulfilled in one go by companies raising capital on the Johannesburg Stock Exchange (JSE) to fund their entry into the critical minerals... 

JSE business development manager Patrycja Kula-Verster
JSE Business Development Manager Patrycja Kula-Verster interviewed by Engineering News & Mining Weekly.

Australia expands list of critical minerals key to transition

By: Bloomberg     17th December 2023 Australia expanded its list of critical minerals deemed crucial to its energy transition and national security needs as the country boosts the strategically and economically important sector. The government added fluorine, molybdenum, arsenic, selenium and tellurium to the list of minerals that... 

Minister for Resources Madeleine King
Photo by Bloomberg
Minister for Resources Madeleine King

S&P Global Ratings downgrades Vedanta Resources amid bond maturity extension

By: Reuters     14th December 2023 S&P Global Ratings on Thursday downgraded the rating of Vedanta Resources, parent of Indian miner Vedanta, citing concerns about extension of maturities of some of its bonds. Vedanta Resources late Wednesday said it raised $1.25-billion from financial institutions for refinancing, including a... 

Mining urged to embrace international council’s new Scope 3 emissions guidance 

By: Martin Creamer     13th December 2023 All mining and metals companies are being urged to embrace new guidance on reducing Scope 3 emissions, which was published by the International Council for Mining and Metals (ICMM) on Wednesday. The guidance is a tool to assist mining companies in their engagement with the financial sector,... 

ICMM CEO Rohitesh Dhawan.
ICMM CEO Rohitesh Dhawan.

US sanctions Russian metals magnate Sviblov and gold, zinc firms

By: Bloomberg     13th December 2023 The US imposed sanctions on Russian mining magnate Vladislav Sviblov and several mining companies connected to him, including one that’s developing one of the world’s largest zinc mines. The sanctions are the latest move against the Russian metals and mining sector, and come after the UK imposed... 

US sanctions Russian metals magnate Sviblov and gold, zinc firms

Boliden plans to restart Europe's biggest zinc mine in second quarter of 2024

By: Reuters     12th December 2023 Boliden is planning to resume wage negotiations next month with around 650 employees at its Tara zinc operation in Ireland with a view to resuming output in the second quarter of 2024, the Swedish miner told Reuters. Boliden put its Tara operations on care and maintenance in June due to negative... 

Boliden plans to restart Europe's biggest zinc mine in second quarter of 2024

South Africa’s community engagement ahead of global peers, manganese AGM hears 

By: Martin Creamer     6th December 2023 The South African mining industry is years ahead of its international peers when it comes to local and community engagement, Australia-listed Jupiter Mines, which owns 49.9% of the Tshipi manganese mine in South Africa’s Northern Cape, has told its shareholders. The controlling shareholder of the... 

Jupiter Mines chairperson Ian Murray
Jupiter Mines chairperson Ian Murray.

Greenfield investment lagging badly, mining’s contribution to economy halved 

By: Martin Creamer     1st December 2023 The growth of investment in fresh new greenfield mining projects is lagging badly and the contribution of the South African mining industry to the national economy has more than halved in the last two decades, Minerals Council South Africa’s latest Facts and Figures 2022 points out. Net fixed... 

Mining's net fixed capital formation, shown in blue, must be boosted.
Mining's net fixed capital formation, shown in blue, must be boosted.

Explorer Forsan sets out to raise C$200m

By: Creamer Media Reporter      30th November 2023 Copper/zinc/gold/silver exploration company Foran Mining has announced a brokered private placement to raise C$200-million. BMO Capital Markets is the sole bookrunner and co-lead agent, together with Eight Capital and National Bank Financial as co-lead agents.  

Polymetals raises cash for Endeavour mine

By: Mariaan Webb     30th November 2023 Australian exploration company Polymetals Resources has announced an one-for-six nonrenounceable rights issue of new shares to raise up to A$8.12-million. Executive chairperson David Sproule will subscribe for A$1-million worth of shares. 

Maiden resource estimate for Variscan’s San Jose

By: Mariaan Webb     28th November 2023 ASX-listed Variscan Mines has announced a maiden mineral resource estimate (MRE) of 1.1-million tonnes at 9% zinc and 1.2% lead at the San Jose mine, in northern Spain. The project is centred around the former producing San Jose underground zinc/lead mine with a large surrounding area of... 

New Utshalo has potential to boost mining IPOs, enliven public markets 

By: Martin Creamer     24th November 2023 South Africa has a pressing need to reawaken its public markets and the new Utshalo must be complimented for setting out to do just that. New mining capital raisings have become too few and far between, liquidity is drying up, and the delisting trend on the Johannesburg Stock Exchange (JSE) must... 

Former Nedbank investment banker Paul Miller.
Former Nedbank investment banker Paul Miller.

Investigating tailings dumps for in-demand minerals

24th November 2023 US State geology department the US Geological Survey (USGS) has invested more than $2-million into studying the potential to source critical mineral resources in mine waste such as mine tailings, as part of US President Joe Biden’s Bipartisan Infrastructure Law in cooperative agreements with 14... 

A scientist sieves a sample of tin placer tailings in Cassiterite Creek on the western Seward Peninsula of Alaska
CRITICAL ANALYSIS A scientist sieves a sample of tin placer tailings in Cassiterite Creek on the western Seward Peninsula of Alaska

African Rainbow Minerals provides R20-million for Wits University research 

By: Martin Creamer     23rd November 2023 Diversified mining company African Rainbow Minerals (ARM) is supporting postdoctoral research into water, energy and digitalisation at the University of the Witwatersrand (Wits) in Johannesburg. The investment is firmly located within the university’s mining precinct and dovetails with the... 

ARM founder and executive chairperson Dr Patrice Motsepe and Wits ARM Building.
ARM founder and executive chairperson Dr Patrice Motsepe and Wits ARM Building.
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