R/€ = 20.3733 Change: -0.0087
R/$ = 19.1069 Change: 0.0130
Au 2356.64 $/oz Change: -35.20
Pt 938.60 $/oz Change: -4.90

Zinc News

Zenith strikes deal with QMines

By: Esmarie Iannucci     28th August 2023 Junior Zenith Minerals has struck a deal with fellow-listed QMines to divest of its Develin Creek copper/zinc project, in Queensland, for up to A$4.5-million in cash and shares. "We are pleased to advise of the divestment of the Develin Creek copper/zinc project to QMines. The divestment... 

Pathways being laid to secure lower carbon electricity supply for Hillside Aluminium 

By: Martin Creamer     24th August 2023 During the 12 months to June 30, diversified mining company South32 has progressed initiatives to support its target of halving operational greenhouse gas emissions by 2035. At Worsley Alumina in Australia, which supplies South Africa’s Hillside Aluminium smelter in Kwazulu-Natal, conversion of... 

South32 CEO Graham Kerr.
South32 CEO Graham Kerr.

South32 swings to a loss

By: Esmarie Iannucci     24th August 2023 Diversified miner South32 has reported a 20% drop in revenue for the full year ended June, with the company swinging to a loss of $173-million following a non-cash impairment of $1.3-billion in relation to the Taylor deposit at the Hermosa project. South32 previously flagged the non-cash... 

Image shows South32 CEO Graham Kerr
South32 CEO Graham Kerr

Bluejay stock falls on equity raise announcement

By: Mariaan Webb     23rd August 2023 The share price of Bluejay Mining fell by 14% on Wednesday, as the exploration and development company announced an equity raise of  £600 000 through the private placement of 60-million shares at 1p each. The funds raised will be focussed on the company's 100% owned Hammaslahti... 

Nyrstar calls for zinc inclusion on critical minerals list

By: Esmarie Iannucci     22nd August 2023 International critical minerals company Nyrstar has called on the federal government to include zinc to its critical minerals list, and to better align the country’s strategic approach to critical minerals with international partners. In its submission to the federal government’s critical... 

Newmont ‘reviewing’ Mexico investments as worker strike drags on 

By: Bloomberg     21st August 2023 Newmont, the world’s biggest gold miner, is reviewing its investments in Mexico with a workers’ strike at the country’s largest bullion mine now in its third month. Top executives at the Denver-based firm, including CEO Tom Palmer, traveled to Mexico City this week to meet with senior government... 

Newmont CEO Tom Palmer
Newmont CEO Tom Palmer

Renewables, decarbonisation projects making headlines   

18th August 2023 Mining Weekly Editor Martin Creamer discusses the green electrons now flowing into Harmony Gold mine shafts that will reduce carbon emissions by 65 000t; the first phase of Vedanta Zinc International’s renewable energy programme; and Glencore Alloys solar power project.   

Photo of Martin Creamer
Renewables, decarbonisation projects making headlines

SA mining regulations hinder junior miners

By: Nadine Ramdass     18th August 2023 South African mining regulations are more geared towards major mining houses; this contributes to lower levels of investment in greenfield exploration  and remote brownfields development opportunities, says globally diversified metals explorer and developer Orion Minerals MD and CEO Errol Smart.... 

Copper hovers above seven-week low, zinc slumps after inventory jump

By: Reuters     16th August 2023 Copper prices held above seven-week lows on Wednesday as a weaker dollar offered support while zinc dropped to its weakest in two months after a surge in inventories. Three-month copper CMCU3 on the London Metal Exchange (LME) was down 0.1% at $8 192 per metric ton in official open-outcry... 

Green zinc on way at Black Mountain Mining in Northern Cape 

By: Martin Creamer     16th August 2023 South African mining company Vedanta Zinc International has begun the first phase of a renewable energy programme. The company has signed a power purchase agreement with independent power producer Enernet Global to build, own, operate and maintain a 12 MW direct current solar photovoltaic plant... 

Vedanta Zinc International’s Northern Cape operation.
Vedanta Zinc International’s Northern Cape operation.

Copper hits 6-week low, other metals fall after weak China data

By: Reuters     15th August 2023  Prices for copper and other base metals fell in London on Tuesday, hurt by a worsening demand outlook from top consumer China after the country released slower industrial output growth data and falling investment in its property sector. Benchmark copper CMCU3 on the London Metal Exchange (LME)... 

Copper hits 6-week low, other metals fall after weak China data

Miners face 'considerable challenges' meeting demand from US climate law -study

By: Reuters     15th August 2023 The mining industry faces "considerable challenges" meeting larger-than-expected demand for copper, nickel and other electric vehicle metals fueled by a US climate law, S&P Global said in a report on Tuesday, ahead of the legislation's one-year anniversary. The landmark US Inflation Reduction... 

President Joe Biden signed the IRA in August last year.
President Joe Biden signed the IRA in August last year.

Solar energy plant on the way at vanadium operation, Glencore’s Fullard reports 

By: Martin Creamer     11th August 2023 The decarbonisation and solar power plans of Glencore Alloys are coming to the fore with the first 25 MW solar plant on the way, Glencore Alloys head Japie Fullard told Mining Weekly at question time during this week’s media call. “We’ve got all our approvals in place so we will be starting to... 

Glencore Alloys head Japie Fullard.
Glencore Alloys head Japie Fullard.

Investor that took on Exxon targets deals in critical minerals

By: Bloomberg     10th August 2023 Investment fund Engine No. 1, known for its battle with Exxon Mobil and recently taking a surprise stake in Vale’s base metals business, is eying more deals in critical minerals. The company last month agreed to acquire 3% of the Vale unit, giving it an interest in mines producing metals such as... 

Panoramic hunting for critical metals project

By: Esmarie Iannucci     9th August 2023 Nickel company Panoramic Resources will be looking to expand its portfolio within the next 12 to 18 months, MD and CEO Victor Rajasooriar said. Speaking on the sidelines of Diggers & Dealers, Rajasooriar said that the company is looking to add a critical metals project to its asset base. 

Glencore returns $9.3bn to shareholders, highlights transition metals and recycling   

By: Martin Creamer     8th August 2023 In addition to the interim dividend of $2.8-billion, diversified mining company Glencore on Tuesday announced a top up of $2.2-billion, which lifted this year’s total announced shareholder returns to $9.3-billion. “If you look at the results as a whole for 2023 versus some of our history, and if... 

Glencore CEO Gary Nagle.
Glencore CEO Gary Nagle's half-year presentation covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Orion on track to publish Okiep feasibility study results in August

By: Marleny Arnoldi     31st July 2023 ASX-listed Orion Minerals has confirmed that a feasibility study on the Okiep copper project, in the Northern Cape of South Africa, is well advanced, and that the results thereof will be published in August. Orion holds a 56.25% interest in the project, which it has been aiming to restart, with... 

London copper set for best month since January

By: Reuters     31st July 2023 Copper prices in London were on track on Monday for their best monthly performances since January on prospects of further stimulus in top consumer China and that the US Federal Reserve will pause rate hikes for the year. Three-month copper on the London Metal Exchange was down 0.1% at $8 658 per... 

London copper set for best month since January

Aton reports ‘encouraging’ results from metallurgical testing at Rodruin

By: Cameron Mackay     28th July 2023 Preliminary metallurgical testwork results from the Rodruin gold-polymetallic sulphide mineralisation are encouraging and indicate that saleable copper and zinc concentrates can be produced, gold development company Aton Resources interim CEO Tony Vahk reports. “The copper concentrate, in... 

Vale sells 13% of its base metals unit for $3.4bn

By: Mariaan Webb     28th July 2023 In a strategic move to accelerate growth in its energy transition metals platform, Brazilian major Vale on Thursday announced the sale of a 13% interest in its base metals unit for $3.4-billion. Manara Minerals, a new venture between Saudi Arabian Mining Company (Ma'aden) and the Public... 

Vale sells 13% of its base metals unit for $3.4bn

Teck’s FY copper guidance hits a bump with QB2 delays

By: Mariaan Webb     27th July 2023 Canada-headquartered Teck Resources will miss its previously guided copper production target by between 60 000 t and 70 000 t, owing to delays in construction and commissioning of its Quebrada Blanca Phase 2 (QB2) in Chile. The miner lowered its guidance for QB2 to between 80 000 t and 100 000 t... 

The QB2 copper project in Chile
The QB2 copper project in Chile

UCT advances testwork on high-grade zinc refining process

By: Marleny Arnoldi     26th July 2023 The University of Cape Town (UCT) has completed sample preparation for leach and characterisation testwork as part of a concept study into developing a mini-scale simple and energy efficient process to recover pure zinc from polymetallic ore concentrates. The university sourced a suitable zinc... 

Challenge of producing green hydrogen economically has been met – Natascha Viljoen   

By: Martin Creamer     26th July 2023 The challenge of producing green hydrogen economically is now done and dusted. “That box has been ticked,” Anglo American Platinum CEO Natascha Viljoen assured Mining Weekly in a Zoom interview. (Also watch attached Creamer Media video.) 

Anglo American Platinum CEO Natascha Viljoen.
Outgoing Anglo American Platinum CEO Natascha Viljoen interviewed by Mining Weekly's Martin Creamer. Video: Dalene Creamer.

Prieska crown pillar +105 level resource increases ahead of trial mining

By: Cameron Mackay     25th July 2023 Diversified metal explorer and developer Orion Minerals on July 25 announced that the company has taken another key step in its early mining strategy at the Prieska copper/zinc project in South Africa’s Northern Cape. This includes the completion of an updated mineral resource estimate (MRE) for... 

Mintek Metallurgy receives new atomisation, alloy development equipment

By: Schalk Burger     25th July 2023 Mining and minerals technology research organisation Mintek has received an Amazemet rePowder ultrasonic atomisation and alloy development system, which can be used to create metal powder from any alloy in any feedstock form, even in small quantities. Mintek Advanced Materials Division chief... 

Orion’s burgeoning copper prospects required much investor patience, says analyst

By: Darren Parker     24th July 2023 Copper mine developer Orion Minerals has benefitted from significant investor patience to fulfil its redevelopment of two significant and historic mining hubs, owing to the difficulty in securing project development funding over several years.  Nonetheless, Orion has managed to assemble a range... 

Prieska shaft

South32 warns of massive impairment at Arizona project

By: Esmarie Iannucci     24th July 2023 Diversified miner South32 on Monday warned of a near $1.3-billion non-cash impairment expense in relation to the Taylor zinc/silver/lead deposit, at its Hermosa project in Arizona, in its 2023 financial results. The company told shareholders that recently completed study work had confirmed... 

The Hermosa project, in the US.
The Hermosa project, in the US.

Hindustan Zinc's Q1 profit falls on weak zinc, lead prices

By: Reuters     21st July 2023 Indian miner Hindustan Zinc on Friday reported a fall in first-quarter profit, dragged by weak zinc and lead prices, and despite reduced expenses and tax burden. The company's consolidated net profit fell 36.5% to 19.64-billion rupees ($239.5-million). 

Glencore expects 2023 marketing earnings to beat guidance 

By: Martin Creamer     21st July 2023 Diversified mining and marketing company Glencore expects this year’s marketing earnings to exceed the top end of its guidance range. The London- and Johannesburg-listed producer and marketer of more than 60 commodities, said on Friday that it expected adjusted marketing earnings before interest... 

Glencore CEO Gary Nagle.
Glencore CEO Gary Nagle.

South Africa dare not fail in securing future demand for platinum  

By: Martin Creamer     19th July 2023 South Africa dare not fail in securing future demand for its ‘incredible’ platinum group metals (PGM) endowment, the Hydrogen Economy Discussion heard on Wednesday. Anglo American Platinum projects and environment executive head Prakashim Moodliar outlined the widespread marketing effort under... 

Anglo American Platinum Projects and Environment Executive Head Prakashim Moodliar.
Hydrogen presentations by Amplats Prakashim Moodliar, German Embassy’s Enrico Brandt, covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

No more plundering: Can Africa take control in green mineral rush? 

By: Reuters     19th July 2023 From Zimbabwe's lithium-rich rocks to the Democratic Republic of Congo's cobalt, minerals critical for clean energy technologies are increasingly in demand from Africa's trade partners as part of the global green transition from planet-warming fossil fuels. Yet on a continent long blighted by the... 

South Africa is an important supplier of manganese – just one of the critical minerals needed for global decarbonisation efforts.
Photo by Creamer Media
South Africa is an important supplier of manganese – just one of the critical minerals needed for global decarbonisation efforts.

Indonesia hikes export taxes for copper, zinc and iron - finmin

By: Reuters     18th July 2023  Indonesia's export tax rates for copper concentrate will rise to a range of 5% to 10%, according to a new regulation, as the government tries to push miners to process metals at home rather than export raw minerals. The tax is part of the government's bid to drive smelter construction in... 

Orion issues first drawdown notices for Prieska funding

By: Darren Parker     17th July 2023 ASX- and JSE-listed Orion Minerals has issued the first drawdown notices in relation to the R370-million of committed funding for the Prieska copper/zinc project, in the Northern Cape, having satisfied the necessary conditions.   The company has finalised substantial funding arrangements with the... 

Prieska copper/zinc mine shaft head
Prieska copper/zinc mine

London aluminium, zinc on track for best week since January

By: Reuters     14th July 2023 Aluminium and zinc prices in London were heading for their biggest weekly gain since January, as a weaker dollar made greenback-priced metals cheaper to holders of other currencies. The dollar hovered at 15-month lows after a steep dive in the previous session, as markets wagered the Federal... 

Local manufacturer lights up DRC mine

14th July 2023 The Kipushi mine in the Democratic Republic of Congo (DRC) has been illuminated using an underground lighting solution made possible by South African lighting solutions manufacturer BEKA Schréder. The Kipushi project, a historical underground mine located in the DRC's province of Haut-Katanga, is... 

BEKA Schréder OPTIWAY low-power light-emitting diode bulkhead on a white background
ONLY-WAY The selection of the BEKA Schréder OPTIWAY low-power light-emitting diode bulkhead was the best solution for the mines lighting requirements

Teck Trail secures C$10m for CCUS pilot project

By: Mariaan Webb     13th July 2023 Mining company Teck has secured a  boost for its carbon capture utilisation and storage (CCUS) pilot project at the Trial Operations, in British Columbia. The CleanBC Industry Fund has granted Teck Trail a C$10-million in funding support, highlighting the government’s commitment to sustainable... 

Teck Trail secures C$10m for CCUS pilot project

Biden's electric car sales plan to strain critical mineral supplies - automakers

By: Bloomberg     11th July 2023 Stellantis and Toyota Motor blasted a Biden administration plan to squelch auto pollution, saying it would compel aggressive and unrealistic sales of electric vehicles that strain critical mineral supplies. In comments filed with the federal government, the automakers warned that proposed... 

US President Joe Biden
US President Joe Biden

Hudbay CEO says company open to acquisition offers at right price

By: Reuters     7th July 2023 Hudbay Minerals will entertain acquisition offers provided price is right, otherwise companies are "wasting" their time, CEO Peter Kukielski told Reuters in an interview in Toronto. TSX-listed Hudbay operates copper mines in Peru, Canada and the United States and is seen by analysts as one of... 

The Constancia mine, in Peru
The Constancia mine, in Peru
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