https://staging3.creamermedia.com
R/€ = 20.3612 Change: -0.0209
R/$ = 19.0891 Change: -0.0049
Au 2365.80 $/oz Change: -26.04
Pt 942.90 $/oz Change: -0.60
 

Zinc News

Terramin granted mining permit in Algeria

By: Esmarie Iannucci     18th May 2023 The Algerian mining regulator has issued ASX-listed Terramin Australia with the mining permit for its Tala Hamza zinc project, satisfying all the regulatory, financial and environmental requirements for the project. The mining permit would allow for the processing of two-million tonnes a year of... 

Glencore's bid for Teck spurs call for Canada pensions to up domestic equity stake

By: Reuters     17th May 2023 Glencore's hostile bid for Teck Resources has galvanised some Canadian institutional investors, who have lobbied the federal government to push the nation's biggest pension funds to lift their exposure to domestic companies, according to a presentation seen by Reuters. The previous unreported... 

Mantashe: Exploration funds July; Lorimer: Mining new deal can create poverty-busting jobs 

By: Martin Creamer     16th May 2023 The first R500-million worth of mineral exploration funds will be available from July, Mineral Resources and Energy Minister Gwede Mantashe told Parliament on May 16 when Shadow Mineral Resources Minister James Lorimer stated that a new mining vision can create new poverty-busting jobs and assure... 

Mineral Resources and Energy Minister Gwede Mantashe and Shadow Mineral Resources Minister James Lorimer.
Mineral Resources and Energy Minister Gwede Mantashe and Shadow Mineral Resources Minister James Lorimer.

Demand blues push copper to lowest in more than five months

By: Reuters     12th May 2023 Copper prices hit their lowest in more than five months on Friday as fears of slowing demand in top consumer China, rising inventories and a stronger dollar reinforced negative sentiment. However, traders said funds taking profits on short positions -- bets on lower prices -- after the recent... 

Orion’s R893m funding placement will bring financial certainty to projects – analyst

By: Darren Parker     10th May 2023 ASX- and JSE-listed Orion Minerals’ recently announced funding placement of R893-million will bring financial certainty to the company’s two Northern Cape projects – the flagship Prieska copper/zinc mine (PCZM) and the Okiep copper project (OCP) – boutique mining investment research house S2... 

Prieska copper/zinc mine
Prieska copper/zinc mine

Glencore takes yet another step along the busying road to circularity 

By: Martin Creamer     9th May 2023 Mining and marketing company Glencore, which last month initiated steps to provide lithium-ion battery recycling solutions at scale for Spain and Portugal in partnership with FCC Ámbito and Iberdrola, on Tuesday announced yet another potentially far-reaching step along the busying road to... 

Glencore CEO Gary Nagle.
Glencore CEO Gary Nagle.

South32's Hermosa gets a US-powered boost

By: Esmarie Iannucci     9th May 2023 Diversified miner South32 on Tuesday reported that its Hermosa metals project, in Arizona, has been confirmed by the US Federal Permitting Improvement Steering Council (FPISC), as the first mining project added to the FAST-41 process. 

Image shows the Taylor deposit

Something must be done to make exploration investment attractive – ex-JSE stalwart Noah Greenhill  

By: Martin Creamer     8th May 2023 Beginning in the early 1970s, the Canadian government said guys, we're losing ground in exploration investment. We don't seem to be attracting any of that cash. Let's introduce something that attracts money to the sector and they sat around the table and some really clever tax guys came up with... 

Noah Greenhill, former senior marketing and business development GM of the Johannesburg Stock Exchange.
Former senior JSE GM marketing and business development Noah Greenhill interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Lundin Q1 earnings fall, operations performed well

By: Mariaan Webb     4th May 2023 Canadian base metals miner Lundin has reported lower earnings for the first quarter of 2023, with profit affected by higher operating costs as a result of inflationary impacts, lower metal prices and lower sales volumes. Net earnings fell to $165.3-million, from $212.8-million in the prior-year... 

Hindustan Zinc's all-cash bid for Vedanta's assets lapses - sources

By: Reuters     2nd May 2023 Hindustan Zinc's proposal to buy certain zinc assets from Vedanta Group for $2.98-billion in cash has lapsed as the Indian miner did not get shareholders' approval within the stipulated time limit, said two government sources. The deal was announced in mid-January, after which Hindustan Zinc had... 

Orion to update Australia on Northern Cape’s copper/zinc revival at roadshow 

By: Martin Creamer     2nd May 2023 Orion Minerals, the promising emerging copper zinc miner in South Africa’s prolific Northern Cape will set out to update Australia on the Prieska copper-zinc revival next week. Errol Smart, the CEO of the Sydney- and Johannesburg-listed Orion, will carry out a roadshow Down Under on May 9. 

Northern Cape project outlook.
Northern Cape project outlook.

Sibanye to complete compulsory acquisition of New Century shares

By: Esmarie Iannucci     2nd May 2023 The remaining shareholders of takeover target New Century Resources will have their shares acquired by suitor Sibanye-Stillwater Resources on Tuesday. Sibanye-Stillwater in February launched a A$1.10 a share takeover offer for Australian zinc miner New Century Resources, in which it held an... 

Hydrogen has advantage of relatively cheap energy storage, DNV study finds 

By: Martin Creamer     28th April 2023 Both hydrogen and battery technologies are expected to operate in the power sector, but in different areas, says independent risk management and assurance firm DNV. Hydrogen is expected to play a role as a form of dispatchable generation, which allows for the seasonal storage or production of... 

Global mining supply. Source: DNV report.
Photo by DNV
Global mining supply. Source: DNV report.

Ivanhoe, Gécamines, Glencore sign offtake, financing deal to return Kipushi to production

By: Creamer Media Reporter      28th April 2023 Kipushi Corporation, a joint venture (JV) between TSX-listed Ivanhoe Mines and Democratic Republic of Congo (DRC) State-owning mining company Gécamines, has entered into an offtake agreement and a $250-million financing term sheet with diversified miner Glencore. This will assist Ivanhoe and... 

Site works at the Kipushi mine in the DRC

Sandfire continues race towards copper glory

By: Esmarie Iannucci     27th April 2023 Copper production for miner Sandfire Resources has continued to decline during the three months to March, as its DeGrussa mine, in Western Australia, transitioned from mining operations to the processing of stockpiles. The miner on Thursday reported that copper production for the March quarter... 

Shaft-sinking boom-time stalwart Nigel Townshend returns as chair of mining services company  

By: Martin Creamer     26th April 2023 Mining luminary of South Africa’s shaft-sinking boom period at the beginning of the millennium Nigel Townshend is back in action as the newly appointed nonexecutive chairperson of United Mining Services (UMS) Limited. Since the start of this month, Townshend has been at the top table of UMS, an... 

Nigel Townshend.
New UMS chairperson Nigel Townshend interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Orion reaches R2.5bn funding milestone

By: Darren Parker     26th April 2023 Key elements of junior metals explorer and mining aspirant Orion Minerals’ overarching strategic funding package have culminated in the securing of total funding of almost R2.5-billion – more than double the company’s current R900-million market capitalisation.  “Our ability to raise this capital... 

Orion MD and CEO Errol Smart
Photo by Creamer Media
Orion MD and CEO Errol Smart

Teck profit misses estimates as Glencore circles

By: Reuters     26th April 2023 Canadian miner Teck Resources, the target of an unsolicited takeover bid by Glencore, narrowly missed first-quarter estimates on Wednesday, hit by lower prices, weak copper and zinc sales and higher expenses. Teck reported adjusted profit of C$1.81 a share for the three months to March 31,... 

Teck profit misses estimates as Glencore circles

Phase 1 of all-season access road to Prairie Creek completed

By: Creamer Media Reporter      25th April 2023 The construction of Phase 1 of the all-season access road (ASR) to the Prairie Creek mine, in the Northwest Territories, has been completed, Vancouver-based company NorZinc reports. This is a significant milestone for the company, achieving the first land access to the Prairie Creek zinc, silver... 

Ice bridge crossing over Liard river
Ice bridge crossing over Liard river

Vedanta Resources cuts gross debt by $1bn

By: Mariaan Webb     24th April 2023 edanta Resources, the parent of Indian resources major Vedanta, on Monday said it has trimmed its gross debt by $1-billion as the firm seeks to allay concerns over its ability to meet financial obligations beyond September. Vedanta Resources has paid all its maturing loans and bonds due in April... 

Vedanta chairperson Anil Argawal
Photo by Creamer Media
Vedanta chairperson Anil Argawal

Sibanye-Stillwater’s integrated report highlights green metals spread 

By: Martin Creamer     24th April 2023 Sibanye-Stillwater Integrated Report 2022 published today highlights the company’s clinching of minerals resources and reserves in the critical metals arena while maintaining minerals positions in platinum group metals (PGM) and gold in Southern Africa. Listed at the top of its minerals successes... 

Sibanye-Stillwater chairperson Dr Vincent Maphai and CEO Neal Froneman.
Sibanye-Stillwater chairperson Dr Vincent Maphai and CEO Neal Froneman.

Glencore off to a slower start, but maintains full-year output guidance

By: Marleny Arnoldi     21st April 2023 Although global diversified miner Glencore has reported lower production of most of its commodities for the first quarter of the year, compared with the first quarter of last year, it remains on track to meet full-year production guidance. In the first quarter of the year, Glencore completed the... 

Glencore CEO Gary Nagle
Glencore CEO Gary Nagle

Platinum-based hydrogen production is in competitive upscale mode, Heraeus’ Walter reports  

By: Martin Creamer     20th April 2023 Platinum group metals- (PGM-) based proton exchange membrane (PEM) electrolysis is a competitive technology in upscale mode and is making its mark in electrolysis for hydrogen production as well as in the use of hydrogen for vehicle mobility. PEM electrolysers have distinct advantages when... 

Heraeus Precious Metals Executive Vice-President New Business Philipp Walter.
Heraeus' Philipp Walter interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Rumble reports maiden resource at Earaheedy

By: Esmarie Iannucci     19th April 2023 Junior Rumble Resources has reported a maiden mineral resource estimate of 94-million tonnes, grading 3.1% zinc and lead, at 4.1 g/t silver for its Earaheedy project, in Western Australia. The project is estimated to contain some 2.2-million tonnes of zinc, 0.6-million tonnes of lead and... 

Glencore courts 120 Teck investors for bid backing as spinoff vote looms -source

By: Reuters     18th April 2023 Glencore executives have met or spoken with some 120 Teck Resources shareholders during a short visit to Toronto to try to win support for the company's takeover bid rather than an internal overhaul, a source familiar with the situation said. Glencore made its $22.5-billion all-share offer as... 

Green hydrogen investment pledge hits conference’s top spot at R105bn 

By: Martin Creamer     17th April 2023 The investment into green hydrogen was the biggest investment pledge by far to be announced at the fifth South African Investment Conference (SAIC) in Sandton. The R105-billion energy investment commitment of Hive Hydrogen knocked the socks off the other top-ten pledges by coming in R45-billion... 

Hive Hydrogen South Africa executive chairperson Thulani Gcabashe.
Hive Hydrogen South Africa executive chairperson Thulani Gcabashe.

Freeport, Vale, Anglo are said to eye Teck Metals operations

By: Bloomberg     17th April 2023 Major mining companies including Freeport McMoRan, Vale and Anglo American are evaluating potential bids for a chance to purchase Teck Resources' base metals business if the Canadian miner successfully spins out its coal assets, according to people familiar with the discussions. Any such bids... 

Public sector opacity, emerging private sector silence are curbing mining’s growth prospects 

By: Martin Creamer     14th April 2023 The lack of public sector transparency and emerging private sector silence from companies opting not to list are combining to limit South Africa’s knowledge of the mining sector, and thus curb its growth prospects, Mining Weekly can today report. Public sector opacity and private sector delisting... 

SA Mining Map published by AmaranthCX and 1Map.
SA Mining Map published by AmaranthCX and 1Map.

South32 exercises Chita Valley earn-in right

By: Creamer Media Reporter      14th April 2023 Diversified miner South32 has exercised its earn-in right to acquire a 50.1% ownership interest in Minera Sud Argentina (MSA), Minsud’s indirect subsidiary that holds and operates the Chita Valley project. South32 had to advance C$14-million over four years to MSA to fund exploration programmes.... 

Glencore shareholder Bluebell opposes 'value destructive' Teck deal

By: Reuters     13th April 2023  Activist investor Bluebell Capital Partners has told Glencore's board it opposes a $22.5-billion all-share takeover bid for Teck Resources, considering the transaction a "value destructive" deal. In a letter dated April 12 seen by Reuters, London-Based Bluebell said the deal would combine two... 

Glencore shareholder Bluebell opposes 'value destructive' Teck deal

Teck rejects Glencore’s sweetened proposal, tweaks separation plans

By: Mariaan Webb     13th April 2023 The board of Canadian miner Teck Resources has unanimously rejected the revised acquisition proposal from Swiss commodities trader Glencore, with CEO Jonathan Price stating that “fundamental flaws” continued to make it a “nonstarter”. “It does not address major inherent risks including... 

Teck rejects Glencore’s sweetened proposal, tweaks separation plans

How South Africa could have 21 new mining listings 

By: Martin Creamer     13th April 2023 South Africa could have 21 new mining listings if foreign mining companies that already operate in this country would also list on the Johannesburg Stock Exchange, the largest stock exchange in Africa, but one that is shrinking. The 21 companies are all listed elsewhere, with no listing in South... 

AmaranthCX founder and director Paul Miller, when he listed Keaton Energy on the JSE many years ago, well before the delistings issue arose.
AmaranthCX founder and director Paul Miller, when he listed Keaton Energy on the JSE many years ago, well before the delistings issue arose.

Base metals under pressure as recession fears build

By: Reuters     13th April 2023 Prices of most base metals in London were under pressure on Thursday as recession fears again dampened demand outlook, despite support from a shaky dollar. Three-month copper on the London Metal Exchange was unchanged at $8 919 a tonne, as of 0525 GMT. 

Teck shareholders call for Glencore to boost $22.5bn takeover bid

By: Reuters     13th April 2023 Several Teck Resources shareholders called on Wednesday for Glencore to sweeten its takeover bid for the copper-and-zinc miner, saying the offer is still not high enough for them to oppose Teck's own restructuring plan. Glencore's unsolicited $22.5-billion bid for Teck last week was the latest... 

The Highland Valley copper operations in Canada
The Highland Valley copper operations in Canada

Stunning online mining map highlights far-reaching remaining mining potential   

By: Martin Creamer     12th April 2023 AmaranthCX and its technology partner 1Map have collaborated to publish a comprehensive, online South African Mining Map, with electronic, all-commodity depiction. The governments of other mining jurisdictions, including the governments of neighbouring African States, provide this information... 

AmaranthCX founder and director Paul Miller, who is moving into the renewable energy business.
AmaranthCX's Paul Miller, interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Subsidiary of Congo's Gecamines secures $75m to build new unit

By: Reuters     11th April 2023 A subsidiary of the Democratic Republic of Congo's State mining company Gecamines said on Tuesday it had secured $75-million in funding to build a new hydro-metallurgical unit to produce materials used in the manufacturing of semiconductors. STL, a company focused on making commercial use of a... 

Glencore advances further on circular economy journey 

By: Martin Creamer     11th April 2023 Glencore has taken another step on the road to achieving the world’s circular economy imperative. The London- and Johannesburg-listed diversified mining an marketing company, headed by CEO Gary Nagle, intends to provide lithium-ion battery recycling solutions at scale for Spain and Portugal, in... 

Glencore CEO Gary Nagle.
Glencore CEO Gary Nagle.

Orion appoints new nonexec director

By: Esmarie Iannucci     6th April 2023 Copper developer Orion Minerals has appointed Philip Kotze as a nonexecutive director. Kotze has been nominated to the Orion board as an appointee of cornerstone investor Clover Alloys, of which he is the CEO. Clover Alloys subscribed for 444-milion shares in Orion, worth an estimated... 

2 3 4 5
6
7 8 9 10
RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now
Free daily email newsletter Register Now