R/€ = 20.3732 Change: -0.0089
R/$ = 19.1020 Change: 0.0081
Au 2356.09 $/oz Change: -35.75
Pt 936.70 $/oz Change: -6.80

Zinc News

Nexa closes $320m sustainability-linked facility

By: Creamer Media Reporter      20th October 2023 Latin America-focused zinc producer Nexa Resources said on Friday it had successfully closed a $320-million sustainability-linked revolving credit facility. The new facility has a term of five years and the amounts drawn are subject to an initial interest rate of 1.6% plus term secured overnight... 

Curtain falls on Mt Isa underground copper mine

By: Esmarie Iannucci     18th October 2023 After more than 60 years of copper mining, the Mt Isa underground copper mine and concentrator, in Queensland, as well as the Lady Loretta zinc mine, will close in the second half of 2025, with the state government providing a A$50-million support package to assist mine-workers affected by the... 

Image shows the Mt Isa operations

Endeavor restart to cost A$23.7m

By: Esmarie Iannucci     16th October 2023 A mine restart study for the Endeavor silver/zinc/lead mine, in New South Wales, estimates that the project will require a capital investment of A$23.7-million and could support an initial ten-year mine life with significant growth potential. ASX-listed Polymetals Resources on Monday reported... 

Image shows stacked zinc bars

Develop adds to Woodlawn mine life

By: Esmarie Iannucci     11th October 2023 Junior Develop has announced a 40% increase in the resource estimate for its Woodlawn copper/zinc mine, in New South Wales, paving the way for an increased mine life from the current seven years to more than ten years, based on a processing capacity of 850 000 t/y. Develop on Wednesday told... 

Orion Minerals to complete board review by year-end

By: Creamer Media Reporter      10th October 2023 ASX- and JSE-listed Orion Minerals expects to complete the review of its board composition and to appoint new suitable candidates during the quarter to end December 31. Orion initiated the review of the composition of its board in light of the increasing time demands and requirements on the board... 

Zinc study group now sees market surplus for 2023

By: Reuters     10th October 2023 The global refined zinc market will see a surplus of 248 000 metric tons in 2023 compared with a previously forecast deficit of 45,000 tons due to slower than expected demand growth, the International Lead and Zinc Study Group (ILZSG) said on Monday. Prices for zinc are down 16% so far this year... 

Zinc ingots

Essential integration of mining with circular economy highlighted at FT Mining Summit  

By: Martin Creamer     9th October 2023 Circularity is already practised at many mine sites, which use circular principles to reduce waste and conserve water. But to achieve full circularity for products – from production to consumption to reuse - requires collaboration between designers, policymakers and industry, the FT Mining Summit... 

From left to right Harry Dempsey, Douglas Johnson-Poensgen, Kunal Sinha, Louise Assem, and Trond Olaf Christophersen.
FT Mining Summit covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Approving outstanding permits could shift economy in 12-18 months, says Mzila Mthenjane  

By: Martin Creamer     6th October 2023 If the 5 066 outstanding mining and exploration permits were approved, South Africa could begin to see a shift in the economy within 12 to 18 months, new Minerals Council South Africa CEO Mzila Mthenjane told this week’s Joburg Indaba. In response to questions put to him by ENSafrica’s COO Otsile... 

Joburg Indaba panel from left Bernard Swanepoel, Otsile Matlou, Errol Smart, Mosa Mabuza and Mzila Mthenjane.
Joburg Indaba mining revival panel discussion covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Conservation: if business-as-usual continues, world’s doomed – Oppenheimer conference hears  

By: Martin Creamer     4th October 2023 World-renowned conservationist Jane Goodall reminded hundreds of scientists present at the 12th Oppenheimer Research Conference in Midrand that if the world carries on with a business-as-usual approach to conservation, the planet is doomed. “Forests, wetlands, peatlands grasslands, all of which... 

Nicky Oppenheimer.
Oppenheimer Research Conference covered by Mining Weekly’s Martin Creamer. Video: Shadwyn Dickinson. Photographs: Donna Slater

WSP helps Black Mountain Mining office achieve net-zero rating

By: Darren Parker     3rd October 2023 Mining company Vedanta Zinc International, which owns Black Mountain Mining (BMM) in South Africa, appointed consulting firm WSP in Africa’s sustainability specialist consultants to assist in achieving a Net Zero Carbon level rating for the mine’s white office. ''BMM wanted to use our services... 

Vedanta solar panels

Vedanta split unlikely to help parent's near-term debt crisis – analysts

By: Reuters     3rd October 2023 Metals-to-oil conglomerate Vedanta's move to split into six separate units in the next 15 months may not immediately help its UK-based parent meet a looming payment deadline for about $4.2-billion rupees of debt, at least four brokerages said. The-billionaire Anil Agarwal-led company on Friday... 

Vedanta chairperson Anil Agarwal
Photo by Creamer Media's Donna Slater
Vedanta chairperson Anil Agarwal

Vedanta demerges divisions into subsidiaries

By: Marleny Arnoldi     29th September 2023 Dual-listed miner Vedanta's board has approved the demerger of its diversified businesses into separate subsidiaries. The exercise will result in a demerged Vedanta and five wholly-owned subsidiaries. The first subsidiary will hold aluminium assets, the second the merchant power undertaking of... 

Vedanta chairperson Anil Agarwal
Vedanta chairperson Anil Agarwal

Commodities: Hope for best, prepare for worst – Macquarie 

By: Martin Creamer     29th September 2023 It is too early to expect the start of a new sustaining upcycle for commodities, Macquarie states in its latest quarterly outlook for global commodity markets. In a nigh 100-page commodities compendium, the commodity trading group states that despite a narrative of under-investment, underlying... 

 	Too early to expect start of new commodities upcycle.
Too early to expect start of new commodities upcycle.

S&P downgrades Vedanta Resources, puts it on credit watch

By: Reuters     29th September 2023 S&P Global Ratings downgraded the rating of Vedanta Resources, parent of India's Vedanta, to "CCC" from "B-" on Friday and placed it on credit watch with negative implications. "We believe the likelihood has increased that Vedanta Resources will undertake a liability management exercise that we... 

Vedanta to spin off, list six businesses to fuel growth

By: Reuters     29th September 2023  India's Vedanta said on Friday it plans to spin off and list six of its businesses as the metals-to-oils conglomerate seeks to fuel their growth. The six units being planned to be listed are Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base... 

Vedanta chairperson Anil Agarwal
Photo by Donna Slater
Vedanta chairperson Anil Agarwal

Recycling can leverage Glencore’s strong position in metal marketing – Morgan Stanley 

By: Martin Creamer     26th September 2023 Although Glencore’s earnings contributions from recycling activities are not material at this stage, the growth potential to the diversified mining and marketing company from circular economic activity is seen by Morgan Stanley analysts as being “very significant”. This follows Glencore’s hosting... 

Glencore secondary materials sourcing.
Glencore secondary materials sourcing.

Bell placing strong new emphasis on underground mining equipment advance  

By: Martin Creamer     22nd September 2023 With a legacy spanning decades and a reputation for pioneering advancements, South Africa’s Bell Equipment is now placing strong new emphasis on advancing underground mining equipment. Currently a producer of low-profile underground mining trucks as well as underground rockscalers, Bell is... 

Bell Equipment CEO Leon Goosen.
Bell CEO Leon Goosen interviewed by Mining Weekly’s Martin Creamer. Video: Nicholas Boyd. Video Editing: Darlene Creamer

New railway to include Zambia minerals line

22nd September 2023 Inclusive of a stretch of railway extending into Zambia’s copper-producing district, the start of the transfer of the concession of railway services and support logistics of the Lobito Corridor to joint venture (JV) Lobito Atlantic Railway was announced in July during a ceremony hosted by the... 

A copper mine at night in Zambia
MINE TO PORT The new and improved rail line in the Lobito Corridor will help get minerals to port quicker and safer

Griffith appointed president of Vedanta's intl businesses, CEO of its base metals unit

By: Creamer Media Reporter      14th September 2023 Former Gold Fields CEO Chris Griffith has been appointed CEO of Vedanta Resources' Base Metals unit and president of its International Businesses, with effect from October 2. He will lead the group’s international zinc business in South Africa and Namibia; its iron-ore business in Liberia; and... 

Chris Griffith
Chris Griffith will steer Vedanta Resources' Zinc International and Copper businesses.

Almina-Minas halts zinc and lead concentrate operations at Aljustrel

By: Reuters     12th September 2023 Almina-Minas do Alentejo will halt production of zinc and lead concentrates at it Aljustrel operation from September 24 until the second quarter of 2025 because zinc prices are too low, the Portuguese company said in an email. Profitability has become a problem for zinc producers in Europe... 

New mining school nurturing human capital in anticipation of major upcoming demand   

By: Martin Creamer     12th September 2023 Copper mining company Copper 360, which announced in August that its School of Mining was under development at Concordia operation in the Northern Cape, has launched its first set of courses, aimed at nurturing human capital in anticipation of an expected provincial minerals development surge.... 

School of Mining in operational surroundings.
School of Mining in operational surroundings.

Develop unveils new Woodlawn plans

By: Esmarie Iannucci     12th September 2023 An updated mine plan for the Woodlawn zinc/copper project, in New South Wales, has estimated that the project would require a capital investment of A$32-million to allow for a restart. ASX-listed Develop Global said on Tuesday that over the seven-year mine life, the project is expected to... 

Image shows Develop MD Bill Beament
Photo by Bloomberg
Develop MD Bill Beament

Whim Creek economics improve with heap leach study

By: Esmarie Iannucci     11th September 2023 A scoping study into the heap leach potential at the Whim Creek polymetallic project, in the Pilbara, has proven positive for junior Anax Metals. The ASX-listed company said the heap leach study demonstrated the potential for low-cost production of copper cathode and zinc sulphate products,... 

Study investigates novel zinc refining method

By: Simone Liedtke     8th September 2023 Researchers at the University of Cape Town (UCT) are leading a concept study aimed at developing a mini-scale, environment-friendly process to extract pure zinc from polymetallic South African ore concentrates. Spearheaded by UCT Department of Chemical Engineering’s Professor Jochen Petersen, the... 

The research endeavours to pioneer the latest techniques for powering various stages of the zinc refining process
SIMON NORTON The research endeavours to pioneer the latest techniques for powering various stages of the zinc refining process

ICMM publishes guidance to improve the mining, metals industry’s disclosure of Scope 3 emissions

By: Creamer Media Reporter      7th September 2023 Global metals and mining industry body ICMM has published a 'Scope 3 Emissions Accounting and Reporting Guidance', which provides a standardised framework for mining and metals companies to calculate and disclose their value chain emissions. With this document, ICMM aims to improve transparency... 

ICMM CEO Rohitesh Dhawan
ICMM CEO Rohitesh Dhawan

Resources Watch  

6th September 2023 This week: Harmony swings to profit, declares a higher dividend; Vedanta aims to complete $1bn investment in South Africa soon; and, Mistra reiterates call for PGMs Exchange as hydrogen economy looms 

Resources Watch
Resources Watch

Orion awards Prieska trial mining contract to South African mining contractor

By: Tasneem Bulbulia     5th September 2023 JSE- and ASX-listed Orion Minerals has awarded a six-month trial mining contract to P2 Mining, a subsidiary of South African mining contractor Newrak Mining Group, to undertake the early works trial underground mining programme at the Prieska copper/zinc mine (PCZM) in the Northern Cape of South... 

An image of Orion CEO and MD Errol Smart
Orion CEO and MD Errol Smart

Fireweed raises C$16.8m to expand drill programme

By: Creamer Media Reporter      4th September 2023 TSX-V-listed exploration company Fireweed Metals has closed a nonbrokered private placement, raising C$16.8-million that it will use to expand its 2023 drill programme in northern Canada. The offering consisted of 8.75-million flow-through shares at C$1.92 each. The Lundin Family, through its... 

Vedanta weighs former Gold Fields CEO Griffith for top Africa base metals job

By: Bloomberg     4th September 2023 Vedanta Resources is considering appointing former Gold Fields boss and Anglo American executive Chris Griffith as head of its African base metals business, according to people familiar with the matter. Indian billionaire Anil Agarwal’s Vedanta owns zinc mines in South Africa and neighboring... 

Former Gold Fields CEO Chris Griffith
Former Gold Fields CEO Chris Griffith

Northam, Vedanta, Hillside Aluminium make headlines   

1st September 2023 Mining Weekly Editor Martin Creamer unpacks this week's biggest news. Northam paid R2.4-billion in dividends and highlighted its business risks ahead; Vedanta Zinc is looking to invest $500-million as soon as rail and energy issues are overcome; and there are plans for lower carbon electricity... 

Photo of Martin Creamer
Northam, Vedanta, Hillside Aluminium make headlines

It’s getting harder to find mining engineers a green world needs

By: Bloomberg     1st September 2023 Digging up the metals that go into power grids and electric cars is crucial to the energy transition. While the mining industry has plenty of reserves to tap, it faces a worrying shortage of young workers needed to get materials out of the ground. In regions like Canada and the US, enrollment or... 

People working at a mine site

Resource-rich countries facing a double transition

By: Darren Parker     1st September 2023 Resource-rich countries face a double transition – the transition in their energy supplies and the transition in their mining sectors, German Institute for International and Security Affairs senior associate Melanie Müller has said. The growing drive to confront the issues of climate change and... 

Cobalt is one of the critical minerals needed for the energy transition

Sandfire profits fall in 2023

By: Esmarie Iannucci     31st August 2023 Copper miner Sandfire Resources has reported a fall in revenue and profits for the full year ended June. Sales revenue for the full year declined from $922.7-million in the 2022 financial year to $803.9-million on the back of a 14% decline in copper sales associated with the wind-down of... 

29Metals announces major capital raise

By: Esmarie Iannucci     30th August 2023 ASX-listed 29Metals has launched a A$151-million entitlement offer to fully fund the Capricorn Copper recovery plan and near-term capital projects at Golden Grove. The equity raise will be undertaken through a 1-for-2.2 accelerated non-renounceable entitlement offer priced at 69c a share.... 

Image shows stacked coins

Contract with preferred mining cadastre bidder could be signed within months – DMRE 

By: Terence Creamer     29th August 2023 Amid renewed calls for a functional online mining cadastre to help turnaround South Africa’s declining exploration performance, the Department of Mineral Resources and Energy (DMRE) reports that a preferred bidder has been identified and the proposed solution is currently being audited by the... 

South Africa urged to increase exploration to take advantage of critical minerals opportunit
South Africa urged to increase exploration to take advantage of critical minerals opportunity

Vedanta aims to complete $1bn investment in South Africa soon   

By: Darren Parker     29th August 2023 Globally diversified Indian-headquartered mining company Vedanta Resources chairperson Anil Agarwal has told Mining Weekly that the company aims to complete its commitment to invest $1-billion in South Africa in the near future, although its plans are being held up by a lack of reliable... 

Vedanta Resources chairperson Anil Agarwal
Creamer Media's Martin Creamer speaks to Vedanta chairperson Anil Agarwal about the group's investments in South Africa. Video and editing: Nicholas Boyd.

Sibanye appoints new EVP for US PGMs operations, announces other management changes

By: Creamer Media Reporter      29th August 2023 JSE- and NYSE-listed Sibanye-Stillwater has made changes to C-suite roles and responsibilities and executive management appointments, subsequent to the resignation of chief organisational growth officer Dawie Mostert and the retirement of Montana operations executive VP Wayne Robinson from the... 

Kevin Robertson will oversee the US PGM operations, including the Stillwater mine
Kevin Robertson will oversee the US PGM operations, including the Stillwater mine

Hindustan Zinc eyes jump in output under chair Agarwal Hebbar

By: Bloomberg     29th August 2023 Hindustan Zinc is targeting a major boost in output and accelerating plans to decarbonize its operations under chairwoman Priya Agarwal Hebbar. The daughter of Anil Agarwal, the billionaire founder of Hindustan’s parent Vedanta Resources, Agarwal Hebbar will be steering the company through a... 

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