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Zinc News

AuKing takes full control of Koongie Park

By: Esmarie Iannucci     7th July 2023 ASX-listed AuKing has taken full ownership of the Koongie Park copper/zinc project, in Western Australia, with project partner Astral Resource’s interest converting to a 1% net smelter return royalty. Full ownership was triggered under a 2021 earn-in and joint venture (JV) agreement between the... 

Water power in underground mining has gone mainstream, says HPE  

By: Martin Creamer     6th July 2023 The long-standing use of water to cool underground mines is increasingly providing the opportunity to apply the free water pressure head that this offers to energise mining equipment. High-pressure water technology, a proudly South African technology, has advanced markedly over the last couple of... 

Hydro Power Equipment (HPE) director Ulrich Kienle.
HPE director Ulrich Kienle interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

McKinsey adds to warnings of metals shortages for clean energy

By: Bloomberg     5th July 2023 McKinsey & Co. joined the growing chorus warning that metals considered key to the clean-energy transition face shortages in coming years, potentially suppressing the adoption of electric cars, wind turbines and solar panels. These deficits likely will slow global decarbonization efforts by... 

Nickel is expected to face shortages of between 10% and 20% by the end of the decade.
Nickel is expected to face shortages of between 10% and 20% by the end of the decade.

South African regulator not doing enough to promote junior mining – mining lawyer  

By: Martin Creamer     4th July 2023 The major theme of the recent Junior Indaba was the concern that the South African regulator is not doing enough to promote junior mining in South Africa. Government’s role should be to cut red tape from the Minerals and Petroleum Resources Development Act to bring the application system for... 

Malan Scholes Attorneys director and mining lawyer Hulme Scholes.
Mining lawyer Hulme Scholes interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Develop strikes a deal with Essential, announces major capital raise

By: Esmarie Iannucci     3rd July 2023 ASX-listed Develop Global has launched a takeover of junior lithium and gold explorer Essential Metals, and has announced a A$50-million capital raise to a number of initiatives including the potential restart of the Woodlawn zinc/copper project, in New South Wales. Develop and Essential Metals... 

Image shows a handshake

Clean hydrogen could be virtually zero cost, US energy diplomat tells London Indaba 

By: Martin Creamer     30th June 2023 The main founders of the Inflation Reduction Act envision the US legislation as a clean energy bill to lower the costs of green energy technologies for everyone around the world as well as being emulated by especially those countries that have benefitted from emitting carbon into the air since... 

US Department of State Bureau of Energy Resources Office of Energy Transformation acting director Scott Woodard.
US Department of State Bureau of Energy Resources Office of Energy Transformation acting director Scott Woodard.

Private sector working with government on multiple work streams to end loadshedding  

By: Martin Creamer     29th June 2023 The private sector is so far working with government on six of the ten energy crisis work streams, for which business raised R100-million to procure skills and expertise for donation on an arm's length basis to the Presidency, within which the National Energy Crisis Committee (Necom) is housed.... 

Business for South Africa chairperson Martin Kingston
Business for South Africa chairperson Martin Kingston interviewed by Martin Creamer. Video: Darlene Creamer.

Govt developing critical minerals strategy to support green industrialisation – Mantashe  

By: Terence Creamer     29th June 2023 Mineral Resources and Energy Minister Gwede Mantashe reports that government is in the process of developing a critical minerals strategy for South Africa, which will seek to support green-economy value chains domestically and abroad. Speaking at the Northern Cape Mining and Energy Investment... 

Mineral Resources and Energy Minister Gwede Mantashe
Mineral Resources and Energy Minister Gwede Mantashe

Appian acquires controlling stake in Rosh Pinah

By: Darren Parker     27th June 2023 Mining-focused investment adviser Appian Capital Advisory has acquired an 89.96% interest in the producing Rosh Pinah zinc/lead mine, located in the Kharas region in southern Namibia, from Trevali Mining. Rosh Pinah is an operating underground zinc/lead mine with a 2 000 t/d milling operation. 

The Rosh Pinah mine in Namibia
The Rosh Pinah mine in Namibia

Glencore takes a stake in Stillwater Critical Minerals

By: Mariaan Webb     26th June 2023 The share price of Stillwater Critical Minerals surged by one third on Friday, after the Montana-focused company announced a 9.99% strategic investment by commodities major Glencore. Glencore has agreed to purchase 19 758 861 units of Stillwater at C$0.25 each for gross proceeds of... 

The project is located in the famously productive Stillwater mining district, in Montana.
The project is located in the famously productive Stillwater mining district, in Montana.

Zinc demand, price outlooks deteriorating – BMI

By: Cameron Mackay     23rd June 2023 In a report published this week, Fitch Solutions company BMI revised downward its average zinc price forecast for this year from $3 000/t to $2 550/t. This implies an average price of about $2 275/t from June to December this year. 

Newmont declares force majeure on metal products from Mexico's Peñasquito

By: Reuters     23rd June 2023 Newmont has declared force majeure on deliveries of some metal products from its Peñasquito mine in Mexico, the Us-listed miner told Reuters, citing strike action as a constraint on output. Peñasquito is a major producer of zinc and lead, as well as gold. In a February outlook, Newmont said... 

The Penasquito mine, in Mexico
The Penasquito mine, in Mexico

Teck’s Trail awarded Zinc Mark

By: Creamer Media Reporter      23rd June 2023 Canadian miner Teck Resources’ Trail Operations, in southern British Columbia, has become the first stand-alone zinc processing site globally to receive the Zinc Mark. This was achieved using the Copper Mark’s multi-metals approach and assurance framework. 

Teck's Trail operations in British Columbia
Teck's Trail operations in British Columbia

Grupo Mexico defends legality of San Martin mine operations after US labour complaint

By: Reuters     22nd June 2023 Grupo Mexico said Wednesday it legally resumed operations at its San Martin mine in 2018 after a decade-long strike, countering a Mexican union that recently submitted a petition to US labor officials over alleged worker rights violations. The U.S. government last week asked Mexico to... 

Apt investment in green hydrogen can provide full employment, FT Hydrogen Summit hears 

By: Martin Creamer     19th June 2023 Proper investment in green hydrogen generation has the potential to provide full employment and economic growth for decades to come as well as protect the planet from devastating climate change, Fortescue Future Industries and Fortescue Metals Group executive chairperson and founder Dr Andrew... 

Fortescue Future Industries and Fortescue Metals Group executive chairperson and founder Dr Andrew Forrest
Photo by Creamer Media
Fortescue Future Industries and Fortescue Metals Group executive chairperson and founder Dr Andrew Forrest

US requests probe of alleged labour abuses at Grupo Mexico mine

By: Reuters     19th June 2023 US labor officials on Friday asked Mexico to investigate alleged worker rights abuses at a Grupo Mexico mine in the central state of Zacatecas, the 11th US labor complaint in Mexico under a 2020 trade pact. The US request follows a petition from a Mexican union, Los Mineros, along with two major... 

Wits University’s DigiMine aiming to serve as green data powerhouse for mining industry  

By: Martin Creamer     14th June 2023 Most mining countries have already databased their green energy minerals and critical minerals and made them public so that investors and their global partners can evaluate national production capacities and capabilities. Against that backdrop, the Wits Mining Institute’s DigiMine Laboratory at... 

Wits University DigiMine Laboratory head Ahsan Mahboob
Wits University Wits Mining Institute DigiMine Laboratory head Ahsan Mahboob interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

I’ll somehow re-emerge in the mining sector at some point in the future, says Baxter  

By: Martin Creamer     13th June 2023 I’ll somehow re-emerge in the mining sector at some point in the future, outgoing Minerals Council South Africa CEO Roger Baxter said on Tuesday, when spoke to Mining Weekly in a Teams interview. At the end of this month, Baxter will hand over to incoming CEO Mzila Mthenjane, who will inherit a... 

Minerals Council South Africa CEO Roger Baxter 
.
Outgoing Minerals Council South Africa CEO Roger Baxter interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Vedanta to anchor Cabinet-approved special economic zone in Northern Cape 

By: Martin Creamer     8th June 2023 The Cabinet-approved Namakwa special economic zone (SEZ) in the Northern Cape, which is currently undergoing public comment, will be anchored by Indian zinc mining and processing company Vedanta Zinc International. “We’re extremely excited to partner with the South African government and to be... 

Vedanta Zinc International executive director and CFO Pushpender Singla.
Vedanta Zinc International executive director and CFO Pushpender Singla.

Nyrstar advocates for more zinc capacity

By: Esmarie Iannucci     6th June 2023 Global critical minerals producer Nyrstar has made a case for Australia to add zinc and other industrial metals to the critical minerals list, and to provide support for an increase in the expansion of existing domestic processing facilities of critical and strategic metals. Nyrstar on... 

Image shows zinc bars stacked

Green hydrogen atlas results show enormous Southern African potential – Sasscal 

By: Martin Creamer     5th June 2023 The results of the green hydrogen atlas for Southern Africa, now readily available online, show enormous potential green hydrogen production throughout the region, the Southern African Science Service Centre for Climate Change and Adaptive Land Management (Sasscal) said on Monday. 

Sasscal executive director Dr Jane Olwoch of Namibia.
Sasscal executive director Dr Jane Olwoch of Namibia.

More succinct licence processes are a must to attract exploration investment – researcher  

By: Martin Creamer     2nd June 2023 More succinct licence processes are needed to attract exploration investment in South Africa,  Pearl Gray Equity and Research managing partner Steve Booyens said on Friday. “There are loads of investors in North America, London and the European Union that want to invest, but they're afraid of... 

Pearl Gray Equity and Research's  Steve Booyens.
Pearl Gray’s Steve Booyens interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Fruitful discussion under way on exploration incentivisation – Minerals Council 

By: Martin Creamer     1st June 2023 Fruitful discussions are taking place on flow-through shares to incentivise junior mining and exploration, Minerals Council South Africa’s Junior and Emerging Miners Desk head Grant Mitchell said on Thursday. In response to Mining Weekly, Mitchell said the Minerals Council was doing a lot of work... 

Minerals Council South Africa’s Junior and Emerging Miners Desk head Grant Mitchell.
Minerals Council South Africa’s Junior and Emerging Miners Desk head Grant Mitchell.

Scoping study proves up AuKing's Koongie Park

By: Esmarie Iannucci     1st June 2023 A scoping study into the Koongie Park copper/zinc project, in Western Australia, has found that the project could have a mine life of some 11 years. ASX-listed AuKing Mining told shareholders that the study was based on mining four openpit mines and an underground mine, which would include... 

Aurelia secures Federation funding, appoints new lead

By: Esmarie Iannucci     31st May 2023 ASX-listed Aurelia Metals has announced a A$140-million funding solution for its Federation project metals project, in New South Wales, while also announcing the appointment of a new MD and CEO. Aurelia on Wednesday told shareholders that the company had secured a A$100-million facility from... 

Image shows Australian currency

JSE pushing hard to attract junior miners, exploration companies to list, says Mokorosi  

By: Martin Creamer     30th May 2023 South Africa’s Johannesburg Stock Exchange (JSE) is going all out to attract junior mining and exploration companies, making it easier for companies to get on to the exchange and to remain on the exchange, while ensuring that investor protections are of the highest calibre. In the last few years,... 

JSE Origination and Deals Head Samuel Mokorosi and Copper 360 chairperson Shirley Hayes at last month's Copper 360 listing.
JSE's Samuel Mokorosi interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Bustamante departs Hochschild to take up Appian base metals position

By: Mariaan Webb     30th May 2023 Ignacio Bustamante has announced his resignation as CEO from South America-focused Hochschild Mining to relocate to London, where he will head up the base metals division of investment advisory group Appian Capital Advisory. Bustamante, who has served as Hochschild CEO since 2013, will resign... 

Ignacio Bustamante is stepping down from Hochschild to take up a position with Appian in London.
Ignacio Bustamante is stepping down from Hochschild to take up a position with Appian in London.

Australia sees 'enormous market' for battery metals in the US

By: Bloomberg     29th May 2023 President Joe Biden’s signature climate policy is helping drive a “golden age of mineral exploration” in Australia, as the US rushes to catch up with China on clean energy technologies, the Australian Trade Minister said. Deals between Australian miners and US carmakers had already spurred... 

Australia Trade Minister Don Farrell visited the US over the weekend.
Australia Trade Minister Don Farrell visited the US over the weekend.

Metals markets face grueling summer as Chinese demand falters

By: Bloomberg     26th May 2023 Big conferences often crystalize the prevailing sentiment in markets. So it’s probably no coincidence that copper has dived below $8 000 a ton and iron ore is trading south of $100 after metals luminaries gathered in Hong Kong and Singapore to chew over the parlous state of global demand and... 

Teck appoints Ian Anderson as senior VP and CCO

By: Schalk Burger     26th May 2023 TSX-listed copper, zinc and coal miner Teck has appointed Ian Anderson as senior VP and chief commercial officer (CCO), with effect from May 16, 2023. He succeeds Réal Foley, who will retire in late November. Foley will support transition activities across Teck’s Marketing and Logistics and... 

Bunker Hill upsizes financing to restart Idaho mine, agrees offtake

By: Mariaan Webb     25th May 2023 CSE-listed Bunker Hill Mining has announced an upsized and improved project finance package with Sprott Private Resource Streaming and Royalty, which would enable the completion of the restart of its namesake mine in Idaho, US. The company executed a $67-million term sheet with Sprott,... 

Bunker Hill upsizes financing to restart Idaho mine, agrees offtake

Guidance on how mining should manage human rights impacts updated

By: Martin Creamer     25th May 2023 Updated guidance to help mining companies improve how human rights impacts are managed across the globe has been published by the International Council on Mining and Metals (ICMM).  ICMM members include the Johannesburg Stock Exchange-listed African Rainbow Minerals, Anglo American, Glencore,... 

ICMM President and CEO Rohitesh Dhawan.
ICMM President and CEO Rohitesh Dhawan.

Transitions present opportunities for African miners, manufacturers

By: Tasneem Bulbulia     24th May 2023 There are three broad transitions under way that are likely to have a considerable impact on the mining and manufacturing sectors in South Africa and Africa, especially given the demand for critical minerals. This was noted by South Africa’s Department of Trade, Industry and Competition (DTIC)... 

Phosphate is needed in the agricultural sector

Missing recovery leaves China’s metals bears in charge

By: Bloomberg     23rd May 2023 The first gathering of the Asian metals community since the pandemic should have been a celebration, fueled by state stimulus and a long-awaited post-Covid rebound for the world’s top commodities consumer. But the resurgence never came. Merchants, bankers, brokers and fund managers assembled in... 

Sibanye-Stillwater funding Wits University’s carbon storage brainstorming ‘techathon’  

By: Martin Creamer     22nd May 2023 Johannesburg- and New York listed platinum group metals, green metals and gold mining company Sibanye-Stillwater is funding a brainstorming ‘techathon’ on the challenge of storing carbon in suitable host rock environments in underground mines as part of an environmental protection imperative. “We... 

University of the Witwatersrand’s Wits Mining Institute DigiMine Laboratory head Ahsan Mahboob.
Wits Mining Institute DigiMine Laboratory head Ahsan Mahboob interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Zinc price could hit $2 000/t by 2025 on ballooning surplus

By: Reuters     19th May 2023 Refined zinc prices are expected to be on a downward trend until 2025, as weak demand growth failed to match with a surge in production, analysts said. "Demand for zinc will be relatively weak in coming years while zinc mining and refined output are still growing. This will create pressure on... 

Zinc price could hit $2 000/t by 2025 on ballooning surplus

Cutifani to chair Vale’s battery metals board

By: Bloomberg     19th May 2023 Vale SA recruited former Anglo American boss Mark Cutifani to lead an independent board that will oversee its new base metals subsidiary, while flagging “news” on a strategic partner by mid-year. Cutifani will join Jerome Guillen, a former Tesla executive, on the so-called energy transition... 

Former Anglo CEO Mark Cutifani
Former Anglo CEO Mark Cutifani

New accelerator programme gaining traction

By: Halima Frost     19th May 2023 Since its inception six months ago, the JSE Junior Mining Accelerator Programme, which is being co-headed by Minerals Council South Africa, has already seen two emerging exploration firms being taken on by the programme. Both emerging miners Lethabo Exploration and M Resources, being operated by... 

An image of the JSE logo with an ot of focus background of people meeting at an event
NOT JUST STOCKS JSE has used its mall, medium-sized and microenterprise programme as a template for its new Junior Mining Accelerator Programme
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