R/€ = 19.9006 Change: 0.0358
R/$ = 18.4225 Change: 0.0458
Au 2313.58 $/oz Change: -11.41
Pt 953.42 $/oz Change: -10.78

Zinc News

Reserve Bank concern about decline of public markets welcome development – Miller  

By: Martin Creamer     12th June 2024 The concern that South Africa’s Reserve Bank expressed last week on the state of this country’s public markets is seen as a welcome development by AmaranthCX director and public market promoter Paul Miller. Everything the Johannesburg Stock Exchange (JSE) has done, even when it has been... 

First call applications for R400m junior mining exploration fund close July 12

By: Martin Creamer     4th June 2024 The first call applications for the R400-million junior mining exploration fund (JMEF) close on July 12. This was stated on Tuesday in a media release issued by the Department of Mineral Resources and Energy (DMRE), in partnership with the Council for Geoscience (CGS) and the Industrial... 

Need for quick exploration activity.
Unless exploration increases fast, the vital mining economy will shrink.

South32 strikes Queensland earn-in deal with Hammer

By: Creamer Media Reporter      27th May 2024 Diversified mining company South32 is set to earn into ASX-listed Hammer Metals’ Isa Valley project, in north-west Queensland. Hammer unveiled the earn-in agreement on Monday, stating that South32 has an option to earn an 80% interest in the project and form a joint venture.  

Polymetal and MAC form Cobar mine alliance

By: Mariaan Webb     27th May 2024 The stock of ASX-listed base metals miner Polymetals Resources jumped 21% on Monday as the company announced a strategic alliance with, and investment by, ASX- and NYSE-listed Metals Acquisition (MAC). Polymetals aims to reopen the Endeavor zinc mine, which is about 30 km north of MAC’s CSA... 

The Endeavor zinc mine in Cobar
The Endeavor zinc mine in Cobar

Massive water power possibilities in underground mining, says COMRO book editor   

By: Martin Creamer     24th May 2024 When hydropower was being developed for South Africa’s gold-mining industry, the industry was going through a tough time and the research organisation of the day, the Chamber of Mines Research Organisation or COMRO, ceased to function in the form that it had for 30-odd years. Had COMRO continued... 

COMRO book editor Brian Protheroe (right) and Mining Weekly's Martin Creamer (left).
COMRO’S Legacy editor Brian Protheroe interviewed by Mining Weekly's Martin Creamer. Video: Nicholas Boyd.

Latest cadastre agreement excites South Africa’s Junior Indaba panel  

By: Martin Creamer     21st May 2024 There were expressions of excitement at the South Africa’s Junior Indaba on Tuesday when attendees at the important mining event learnt of the signing of the service-level agreement (SLA) for South Africa's long-awaited mining cadastral system, a key tool for orderly mineral exploration... 

Opening Junior Indaba panel (from left) Lili Nupen, Tseliso Maqubela, Errol Smart, Mosa Mabuza, Bernard Swanepoel.
Junior Indaba covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Use resources to diversify African economies, unlock sustainable growth

By: Schalk Burger     21st May 2024 A majority of African economies, or 83%, are highly commodity-dependent and are vulnerable to external shocks, experiencing good growth when commodity prices are high, but seeing growth reversal and setbacks when prices are low. Chad, for example, experienced an average of 9% growth in GDP... 

Haul trucks in operation at a West African mine

Minerals Council, Geoscience, IDC going all out to boost South African exploration  

By: Martin Creamer     17th May 2024 A collective effort was apparent on Friday when Minerals Council South Africa, the Council for Geoscience and the Industrial Development Corporation (IDC) spoke on the same platform to promote a return to growth in the shrinking South African mining industry. Minerals Council South Africa CEO... 

Minerals Council South Africa CEO Mzila Mthenjane
South African public-private sector exploration webinar covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

US tariffs on minerals leave out markets that China dominates

By: Bloomberg     15th May 2024 President Joe Biden just unveiled sweeping tariffs on a range of Chinese imports, including more than two dozen industrial raw materials. But the administration is being careful to avoid the critical minerals where Beijing’s grip on global supply is greatest. The commodities that made the duties... 

US President Joe Biden
US President Joe Biden

Korea Zinc sees US opportunities as it targets big copper growth

By: Bloomberg     14th May 2024 The world’s largest zinc smelter is planning to significantly expand its copper output, taking advantage of growth opportunities in the US as it seeks to become a leading player in the global transition to renewable energy. Korea Zinc, which also processes nickel, is looking to increase its... 

Peru zinc miner Volcan to avoid debt haircut, new owner says

By: Bloomberg     14th May 2024 Volcan Cia Minera plans to make a series of debt payments through August and to refinance later obligations without imposing losses, said the head of its new controlling shareholder, dismissing speculation over a default or restructuring at the Peruvian zinc miner. “Absolutely, categorically no... 

South32’s Hermosa federal permitting process gets under way

By: Mariaan Webb     13th May 2024 The US Forest Service (USFS) has initiated the federal permitting process for the South32 Hermosa project, in Arizona. Under the umbrella of the National Environmental Policy Act, the USFS has launched the scoping process, inviting public input and commentary on South32’s project plans. This... 

Hermosa will produce two federally designated critical minerals - zinc and manganese
Hermosa will produce two federally designated critical minerals - zinc and manganese

Glencore sells stake in Peru zinc miner Volcan

By: Creamer Media Reporter      7th May 2024 Swiss-headquartered Glencore has announced a definitive agreement to sell its stake in Volcan Compañia Minera to a subsidiary of Integra Capital. Transition Metals will pay Glencore $20-million for a stake in Volcan, which mines zinc, lead and silver in Peru. 

Sibanye appoints Peter Hancock as nonexec director

By: Creamer Media Reporter      6th May 2024 Multinational mining and metals processing group Sibanye-Stillwater has appointed Peter Hancock as independent nonexecutive director, with effect from May 6. Hancock is a mining industry executive with more than 30 years of experience with Glencore overseeing nickel mining operations, developing... 

Boliden to restart its Tara zinc mine in Ireland

By: Reuters     3rd May 2024 Swedish mining group Boliden will restart production at its Tara zinc mine in Ireland after it was paused in 2023, it said on Friday. The mine was put on care and maintenance last year after prices of the galvanizing metal hit a three-year low, and Boliden begun talks with staff over a planned... 

Boliden to restart its Tara zinc mine in Ireland

Critical minerals, food crops at risk of climate disruption by 2050, report shows

By: Darren Parker     30th April 2024 More than 70% of critical minerals needed for the transition to net zero emissions will be at risk from climate disruption by 2050, professional services firm PwC says. The firm's latest report, titled ‘Climate Risks to Nine Key Commodities Report’, shows that the production of copper, cobalt and... 

A graph showing the heat stress and drought riks of various commodities

Glencore’s Rustenburg ferrochrome smelter remains idled 

By: Martin Creamer     30th April 2024 Pending an improved price and cost environment, Glencore said in its first-quarter 2024 production report on Tuesday that its Rustenburg ferrochrome smelter in South Africa’s North West province would remain idled. The London- and Johannesburg-listed diversified mining and marketing company... 

Glencore CEO Gary Nagle
Glencore CEO Gary Nagle

Vedanta misses Q4 profit estimates on lower prices

By: Reuters     25th April 2024 ndian mining group Vedanta reported a 27% drop in fourth-quarter profit on Thursday, reflecting weaker prices of major metals like aluminium and zinc amid ballooning finance costs. The oils-to-metals conglomerate, led by billionaire Anil Agarwal, posted a consolidated net profit of 13.69-billion... 

How 30 years of democracy has transformed South Africa's mining industry  

By: Martin Creamer     25th April 2024 South Africa’s 30 years of democracy has changed the character of this country’s mining industry profoundly, Minerals Council South Africa emphasised in a report that highlights the industry’s significant advance since the dawning of democracy in 1994. Importantly, South Africa’s highly regarded... 

Minerals Council South Africa CEO Mzila Mthenjane.
Minerals Council South Africa CEO Mzila Mthenjane.

Teck increases copper production with QB ramp-up

By: Mariaan Webb     25th April 2024 Canadian mining group Teck Resources has increased its copper production by 74% to 99 000 t in the first quarter, as output increased at the newly-built QB mine, in Chile. The Antamina mine, in Peru, and Highland Valley Copper mine, in Canada, also had a strong performance, Teck reported on... 

The QB mine in Chile is ramping up.
The QB mine in Chile is ramping up.

Boliden's profit halves as strikes, bad weather weigh

By: Reuters     23rd April 2024 Swedish miner Boliden's first-quarter operating profit fell more than 50% as bad winter weather, lower mining grades and labour strikes weighed on earnings, it said on Tuesday. Operating profit fell 52% to 1.62-billion Swedish crowns ($148.80-million) from 3.41-billion in the first quarter of... 

Renström in the Boliden area is Sweden's deepest mine
Renström in the Boliden area is Sweden's deepest mine

Rich copper intercept in N Cape sends Orion’s shares soaring on Australian exchange 

By: Martin Creamer     22nd April 2024 The richness of South Africa’s copper assets were emphasised on Monday when Northern Cape mine developer and explorer Orion Minerals published a standout intercept that sent its shares rocketing up 58% on the Australian Stock Exchange (ASX). Orion, headed by CEO Errol Smart, is primarily listed... 

Orion Minerals CEO Errol Smart.
Orion Minerals CEO Errol Smart.

South32 reports improved operating results for March quarter

By: Darren Parker     22nd April 2024 Diversified miner South32 has reported an overall improvement in its operating results for the March quarter and record year-to-date production at Hillside Aluminium, in KwaZulu-Natal, and South Africa Manganese, in the Northern Cape, along with a 60% increase in quarterly volumes at Illawarra... 

South32 CEO Graham Kerr
South32 CEO Graham Kerr

Governments must broker local support for mines, industry group says

By: Reuters     18th April 2024 The world's governments must do more to convince local communities and Indigenous groups to support mines that produce critical minerals needed to power the energy transition and fight climate change, the head of a prominent industry group said. Mines across the globe increasingly face... 

ICMM CEO Rohitesh Dhawan
ICMM CEO Rohitesh Dhawan

Minerals Council South Africa setting out to boost local demand for green hydrogen 

By: Martin Creamer     17th April 2024 Minerals Council South Africa is focused on increasing the domestic demand for green hydrogen, which it sees as contributing to the kickstarting of the hydrogen economy in South Africa. “The applications that we’re looking at are stationary as well as mobility applications of using hydrogen... 

From left, Dr Rebecca Maserumule, Sietse van der Woude, Zanele Mavusa Mbatha
From left, Dr Rebecca Maserumule, Sietse van der Woude, Zanele Mavusa Mbatha.

Metals spike on LME after Russian supply hit by US, UK sanctions

By: Bloomberg     15th April 2024 Aluminum and nickel surged on the London Metal Exchange as traders responded to new US and UK sanctions that banned deliveries of any Russian supplies produced after midnight on Friday. The new restrictions, aimed at curbing President Vladimir Putin’s ability to fund his military, inject major... 

The new restrictions are at curbing President Vladimir Putin’s ability to fund his military
The new restrictions are at curbing President Vladimir Putin’s ability to fund his military

South Africa's science, innovation dept launches circular minerals, metals initiative 

By: Darren Parker     11th April 2024 South Africa's Department of Science and Innovation (DSI), through the Council for Scientific and Industrial Research (CSIR), has launched the first of three new government-led collaborative circular economy initiatives focusing on priority economic sectors that were identified by government in... 

DSI technology innovation deputy director general Mmboneni Muofhe
Photo by Creamer Media
DSI technology innovation deputy director general Mmboneni Muofhe

Platinum-linked green hydrogen set to be world’s ‘new oil’, Forbes article highlights  

By: Martin Creamer     10th April 2024 There's no climate solution without hydrogen. It’s the missing piece of the clean energy puzzle, says a global CEO-led initiative that brings together leading companies with a united vision. This initiative has ballooned to 150 multinationals companies from its modest 13-leader 2017 launch at the... 

Hydrogen economy, platinum group metals go together.
Photo by Inforgraphic: Heraeus Precious Metals
Hydrogen economy, platinum group metals go together.

Excess market supply drags zinc prices lower, says BMI

By: Marleny Arnoldi     9th April 2024 Research agency BMI maintains a lower price forecast for zinc this year, at $2 500/t, compared with the yearly average price of $2 651/t in 2023, as excess market supply drags prices. BMI says an uncertain growth outlook for Mainland China and other major markets will limit price growth of this... 


Use underground mines for electricity storage, optimise mine water use – Karst Hydro  

By: Martin Creamer     8th April 2024 South Africa’s many underground mines can be used as batteries that store the clean electricity that the water descending for cooling can provide. At the same time, the local community could end up with a utility that supplies them clean water along with a store of cheap and reliable green energy. 

Karst MD Guy Richards.
Karst interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Mines investing R46m to put an end to fall-of-ground fatalities   

By: Martin Creamer     5th April 2024 South Africa’s mining industry is investing R46-million in an action plan to eliminate fall-of-ground (FoG) fatalities. The FoG action plan is being implemented through Minerals Council South Africa with the assistance of its Rock Engineering Technical Committee, and supported by the South... 

The next breakthrough must be zero fatality
Action plan to end fall of ground fatalities covered by Mining Weekly's Martin Creamer.

Newlyn launches R3.4bn multimodal rail terminal at Durban port

By: Tasneem Bulbulia     5th April 2024 Port logistics company the Newlyn Group on April 4 unveiled the Newlyn PX Bayhead rail terminal, strategically located next to the Port of Durban, aimed at opening intra-Africa and local trade and investment opportunities. “This is a major milestone for South Africa and showcases what can be... 

An image showing the Newlyn Group unveileng the Newlyn PX Bayhead rail terminal
Newlyn PX Bayhead rail terminal launch

Develop flags potential minority stake sale at Woodlawn

By: Mariaan Webb     4th April 2024 The Woodlawn production restart study has returned “exceptional metrics” for the copper and zinc mine, located about 250 km from Sydney. Energy transition metals company Develop Global has confirmed a pretax NPV jump of 37% to A$658-million and cashflow soaring to A$1-billion. 

Bill Beament says Develop has received an elevated level of interest in Woodlawn
Bill Beament says Develop has received an elevated level of interest in Woodlawn

Mechanical cutting is going to be key for mining going forward – Master Drilling  

By: Martin Creamer     26th March 2024 Mechanical cutting, in which huge progress is being made, is going to be key for the mining industry going forward, Master Drilling CEO Danie Pretorius emphasised on Tuesday, when his Johannesburg Stock Exchange-listed company presented a dividend-yielding set of 2023 full-year results that... 

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

Glencore assesses cyclone damage at McArthur River mine

By: Mariaan Webb     26th March 2024 After enduring the impact of a cyclone that brought unprecedented rainfall, commodities major Glencore is now initiating the process of restoring its McArthur River zinc and lead mine, in Australia, to normal operations. Operations at the Northern Territory mine were suspended on March 18 in... 

The McArthur River waste stockpile (pictured 2023) remained in tact with no incidents of landslide or collapses reported in the facility.
The McArthur River waste stockpile (pictured 2023) remained in tact with no incidents of landslide or collapses reported in the facility.

Expect digital unveiling, more innovation, greenness from 100-year-old mining-wired AECI  

By: Martin Creamer     22nd March 2024 Mining explosives and chemicals company AECI, which turned 100 this week, will be unveiling a digital strategy for the mining market during the course of this year. It is also looking to become greener as it keeps innovation closest to its rapidly internationalising heart. 

AECI CEO Holger Riemensperger. Picture: Hush Naidoo.
AECI CEO Holger Riemensperger interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Boliden sees $48m hit to Q1 profit from strike in Finland

By: Reuters     22nd March 2024 Sweden's Boliden expects a hit of around 500-million crowns ($47.6-million) to its first-quarter operating profit from an ongoing industrial strike in Finland, the company said. Of the 500-million crowns, 200-million is due to reduced production and 300-million to delayed deliveries to customers,... 

One of Boliden's mines in Sweden

Stage set for mining explosives centenarian to capture global top-three spot   

By: Martin Creamer     20th March 2024 The stage is set for proudly South African mining explosives trailblazer, AECI, to become the third biggest in its field globally by 2030, AECI Group chairperson Dr Khotso Mokhele told an enthusiastically applauding audience at the Johannesburg Stock Exchange (JSE), where the newly strategised... 

Mining explosives pioneer AECI celebrating 100 years of business at the JSE.
AECI's 100-year celebration covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer. Picture: Hush Naidoo.
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