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Zinc News

South32 records one of its highest profits to date  

By: Martin Creamer     16th February 2023 Diversified mining company South32 recorded one of its highest profits to date with half-year earnings of $1.36-billion, underpinned by production growth of 12%. Increased exposure to the metals critical to a low-carbon future, and continued focus on cost efficiencies enabled the Sydney-,... 

Peruvian miner Volcan confirms Glencore exploring 23% stake sale

By: Reuters     16th February 2023 Peruvian miner Volcan confirmed on Wednesday that Swiss commodity giant Glencore is exploring a sale of its 23% stake in the South American silver and zinc producer. In a regulatory filing, Volcan said it had received a letter from Glencore stating it had "begun to explore the process of... 

Hope lost as miners at Dugald River found

By: Esmarie Iannucci     16th February 2023 The bodies of two workers at the Duglad River zinc mine, in Queensland, have been recovered. The two workers were unaccounted for following an incident at the MMG mine on Wednesday. 

Miners still missing at Dugald River

By: Esmarie Iannucci     16th February 2023 Search and rescue efforts at the Dugald River zinc miner, in Queensland, were ongoing after two contract miners went unaccounted for following an incident at the mine. Contractor Perenti said its subsidiary Barminco was working closely with miner MMG and the relevant authorities to progress the... 

Growing need for critical raw materials highlighted by US, EU policies – Glencore  

By: Martin Creamer     15th February 2023 Recent government policies, such as the US's Inflation Reduction Act and the European Union’s proposed Green Deal Industrial Plan, demonstrate the growing need for critical raw materials through to the end of the decade and beyond, necessitating fresh investment in both primary supply and... 

Glencore CEO Gary Nagle.
Glencore results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Trafigura completes Ecobat Stolberg lead smelter purchase

By: Reuters     15th February 2023 Commodity trader Trafigura said on Wednesday it has completed its purchase of Ecobat Resources Stolberg (ERS) multi-metals processing plant in Germany and plans to bring it online in the coming weeks to supply European battery producers. The Stolberg plant will be operated and managed by... 

Two workers missing at undergound mine in Qld

By: Esmarie Iannucci     15th February 2023 Two workers are missing at metal miner MMG’s Dugald River zinc mine, in Queensland, following an incident, which is reported to be a ground collapse. MMG said in a statement that two Barminco employees remained unaccounted for following the incident, adding that the site’s response team had... 

Arctic project remains robust despite capital and operating cost jump

By: Mariaan Webb     14th February 2023 The Arctic base and precious metals project, in Alaska, continues to be robust, even in the high inflationary environment that has seen its initial capital expenditure (capex) forecast rise by 30% to $1.12-billion. Canada’s Trilogy Metals, which owns the Arctic project in a joint venture with... 

Green hydrogen moves by China, India boosting outlook for platinum group metals  

By: Martin Creamer     14th February 2023 The firm embrace of the new green hydrogen and hydrogen fuel cell future by China and India is a huge twin boost for Southern Africa’s great platinum group metals (PGMs) endowment, Mining Weekly can today report. Hydrogen technologies have a special relevance for South Africa as most of the PGMs... 

Prime Minister Narendra Modi is intent on making India a global green hydrogen hub.
Photo by Hydrogen Council
Prime Minister Narendra Modi is intent on making India a global green hydrogen hub.

Sustainable mining companies can gain from sustainable finance trends – Webber Wentzel 

By: Martin Creamer     13th February 2023 Mining companies that can demonstrate responsible and sustainable mining practices can set themselves up to take advantage of the current environmental social governance (ESG) and sustainable finance trends, says law firm Webber Wentzel. “In 2023, ESG will continue to gain regulatory traction... 

Webber Wentzel highlights funding opportunity for mining companies that are doing the right thing.
Photo by Creamer Media
Webber Wentzel highlights funding opportunity for mining companies that are doing the right thing.

Just energy transition could spur R1.5-trillion green investment – Cliffe Dekker Hofmeyr   

By: Martin Creamer     10th February 2023 Through the just energy transition investment plan, R1.5-trillion could be invested in South Africa over the next five years in new frontiers of renewable energy, green hydrogen and electric vehicles, says law firm Cliffe Dekker Hofmeyr (CDH). Moreover, with the national state of disaster being... 

New frontiers of renewable energy, green hydrogen and electric vehicles have potential to grow the economy significantly.
New frontiers of renewable energy, green hydrogen and electric vehicles have potential to grow the economy significantly.

World’s biggest zinc smelter sees opportunity in US Energy Bill

By: Bloomberg     10th February 2023 The world’s largest zinc smelter is betting on electric car batteries and clean energy to help decarbonize its fossil fuel-driven metals refining business and hopes US President Joe Biden’s landmark climate bill will create opportunities rather than obstacles. Korea Zinc Co., a Seoul-based... 

Consolidated Zinc to divest of Mexican mine

By: Esmarie Iannucci     10th February 2023 ASX-listed Consolidated Zinc has struck a $6-million deal to sell its Plomosas zinc project, in Mexico, to TSX-V and FSE-listed Impact Silver Corp. The two companies have signed a binding conditional share sale agreement for the sale of the project for the purchase price of $6-million,... 

Image shows zinc bars

Global renewable energy generation to hit 320 GW this year, Mining Indaba hears 

By: Martin Creamer     9th February 2023 Renewable energy capacity will increase by 8% to 320 GW this year, Ivanhoe Mines founder and CEO Robert Friedland told the Investing in African Mining Indaba on Wednesday at an event themed on the comment of former US president John F Kennedy that the moon launch was being undertaken “not because... 

Ivanhoe Mines founder and CEO Robert Friedland.
Ivanhoe Mines founder and CEO Robert Friedland.

Pasinex pauses Türkiye zinc ops; Global's zinc recycling plant has minor damage

By: Mariaan Webb     8th February 2023 CSE- and FSE-listed Pasinex Resources has temporarily halted operations at the Pinargozu zinc mine, in Türkiye, to ensure the safety and wellbeing of its employees. CFO Andrew Gottwald said in a statement on Tuesday that the mine was not damaged by the devastating earthquakes that have struck... 

Mining and the circular economy support each other

By: Rebecca Campbell     7th February 2023 Mining was essential if the world was to create a circular economic system, Finnish Geological Survey director-general Kimmo Tiilikainen has pointed out. He was addressing a Sustainable Mining Breakfast, jointly hosted in Cape Town by the Embassies of Denmark, Finland and Sweden, on Tuesday. The... 

Mining countries being helped to build critical mineral supply chains

By: Martin Creamer     6th February 2023 The United States of America wants to support mineral producing countries to build enabling environments for investment throughout the critical minerals supply chain and not just focusing on extraction alone. This was stated by US Under Secretary of State for economic growth, energy and... 

Jose W Fernandez addressing a packed Investing in African Mining Indaba auditorium.
Photo by Creamer Media
Jose W Fernandez addressing a packed Investing in African Mining Indaba auditorium.

Fundamental change needed in how we think about mining investment ­– Eurasian CEO

By: Irma Venter     6th February 2023 With one Apple you can buy the world’s 50 largest mining companies, says Eurasian Resources Group CEO and Global Battery Alliance (GBA) co-chair Benedikt Sobotka. Speaking at the Investing in African Mining Indaba in Cape Town, he noted that the market capitalisation of the world’s top five... 

Image of Eurasian Resources Group CEO and Global Battery Alliance (GBA) co-chair Benedikt Sobotka
Benedikt Sobotka

Minerals Council's Roger Baxter encouraged by board-level engagement with Transnet 

By: Martin Creamer     6th February 2023 Minerals Council South Africa CEO Roger Baxter said on Monday that the council is encouraged by the board level engagement it has undertaken so far with State rail enterprise Transnet and is hoping that this engagement will deliver some very specific results in stabilising rail performance in the... 

Minerals Council South Africa CEO Roger Baxter, Council president Nolitha Fakude, office bearer Themba Mkhwanazi, and chief economist Henk Langenhoven.
Photo by Creamer Media
Minerals Council South Africa CEO Roger Baxter, Council president Nolitha Fakude, office bearer Themba Mkhwanazi, and chief economist Henk Langenhoven.

Ever greater global acknowledgement of need to decarbonise ever more urgently – Anglo 

By: Martin Creamer     6th February 2023 Ever greater acknowledgement is being given to the need to decarbonise global energy and transport systems ever more urgently. At the same time, ever greater global recognition is being given to the fact that many of the products of mining are fundamental to enabling that shift. 

Anglo American CE Duncan Wanblad.
Anglo American CE Duncan Wanblad.

Seriti Green raises need for Africa to appraise vanadium as electricity storage battery metal  

By: Martin Creamer     3rd February 2023 Wind farm builder Seriti Green, which is planning substantial electricity storage capacity at its big renewable energy project in Mpumalanga, has raised the need for vanadium to be appraised as a battery storage metal of choice in Africa owing to the difficulties of sourcing lithium batteries.... 

From left, Layton Nenzinane, Peter Venn and Doug Gain.
Seriti Green Mpumalanga wind farm developers talk to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Proudly South African technology catches eye of fusion project researchers 

By: Martin Creamer     3rd February 2023 Innovative Proudly South African membraneless technology has caught the eye of the engineers involved in the huge global ITER fusion project as a possible solution to recover tritium from tritiated water. The membraneless technology is the brainchild of Hydrox Holdings engineers, based in... 

The Hydrox team (from left) CEO Corrie de Jager, process engineer Jason Cuomo, director/inventor George Anagnostopoulos, and director Paul van de Vyver.
Photo by Creamer Media Chief Photographer Donna Slater
The Hydrox team (from left) CEO Corrie de Jager, process engineer Jason Cuomo, director/inventor George Anagnostopoulos, and director Paul van de Vyver.

Value of US mine production jumps to $98bn – USGS

By: Creamer Media Reporter      3rd February 2023 US mines produced $98.2-billion in nonfuel mineral commodities in 2022, an estimated $3.6-billion increase over the 2021 revised total of $94.6-billion, the US Geological Survey (USGS) announced on Thursday, releasing its yearly mineral commodity summaries report.  The report covers more than 90... 

Ramaphosa to deliver keynote address at Mining Indaba

By: Martin Creamer     2nd February 2023 South African President Cyril Ramaphosa has confirmed his attendance at the Mining Indaba taking place in Cape Town next week, from Monday to Thursday. Ramaphosa, accompanied by eight ministers and three deputy ministers, will deliver a keynote address on Tuesday, 7 February. 

President Cyril Ramaphosa, President of South Africa.
President Cyril Ramaphosa, President of South Africa.

Ivanhoe outlines $3.78bn capex plans for 2023/4

By: Darren Parker     1st February 2023 TSX-listed Ivanhoe Mines intends to spend a combined $3.78-billion in capital expenditure (capex) on its Kamoa-Kakula copper project and Kipushi zinc/copper mine, in the Democratic Republic of Congo, as well as on its Platreef platinum group metals mine, in Limpopo, South Africa, in 2023 and... 

Kamoa-Kakula copper project
The Kamoa-Kakula copper project in the DRC

Glencore's 2022 cobalt production up, along with oil, nickel, ferrochrome 

By: Martin Creamer     1st February 2023 Mining and marketing company Glencore produced 40% more cobalt last year, along with 16% more oil, 5% more nickel and 1% more ferrochrome. Although coal production of 110-million tonnes was 6.7-million tonnes higher, on a like-for-like basis, overall group coal production fell by 7%, primarily... 

Glencore CEO Gary Nagle.
Glencore CEO Gary Nagle.

South Africa well on way to unlocking incredible base metals potential – Orion 

By: Martin Creamer     31st January 2023 Emerging production hubs in the Northern Cape are opening the way for South Africa to be a producer of future-facing ‘green’ metals to support the global energy transformation and to mitigate against climate change.  The two emerging production hubs are the Prieska Copper-Zinc Mine and the Okiep... 

Dewatering plan at Prieska Copper-Zinc Mine.
Dewatering plan at Prieska Copper-Zinc Mine.

Teck forecasts big jump in copper output this year

By: Mariaan Webb     31st January 2023 Canadian miner Teck Resources has missed its production guidance for copper in 2022, but the company has set its sights on significantly higher output this year, as its new mine in Chile continues to ramp up. Copper production in 2023 will be in the range of 390 000 t to 445 000 t. The Quebrada... 

Teck forecasts big jump in copper output this year

New Century hopeful review bears fruit

By: Esmarie Iannucci     31st January 2023 Base metals miner New Century Resources is hoping that an organisational review, which was undertaken during the December quarter, would realise benefits from the March quarter onwards. The company on Tuesday said that the organisational review was aimed to optimise the operational performance... 

Squeezed mining companies face growth dilemma

By: Reuters     31st January 2023 High costs and the prospect of shrinking earnings have made big miners nervous about expansion, even as shareholders demand investment in response to robust commodity prices, China's reopening and the role of minerals in decarbonising the economy. Although years of cost discipline have repaired... 

Receiver appointed for Trevali’s Caribou assets

By: Mariaan Webb     27th January 2023 The Supreme Court of British Columbia has appointed FTI Consulting Canada as receiver, without security, of the assets of the base metals firm Trevali’s Caribou mine. The embattled base metals miner in August suspended operations at Caribou and halted plans to expand its Rosh Pinah mine, in... 

Miner embarks on conversion project

By: Sabrina Jardim     27th January 2023 This year’s Investing in African Mining Indaba – to be held at the Cape Town International Convention Centre from February 6 to 9 – will emphasise strategies to support supply chain security for the energy transition, and seize opportunities to capitalise on the commodities super cycle. In line... 

An image depicting a smiling man, Pushpender Singla
PUSHPENDER SINGLA VZI hopes to also establish socioeconomic benefits into the wider municipal and provincial communities, and the provincial and national fiscus

Mining company invests in local industry

By: Sabrina Jardim     27th January 2023 Linking with the theme of this year’s Investing in African Mining Indaba – to be held at the Cape Town International Convention Centre from February 6 to 9 – zinc mining company Vedanta Zinc International (VZI) pledged a R21-billion investment to develop its Gamsberg mine, in South Africa’s... 

An image depicting the Gamsberg operations
‘ZINC’ING OUT LOUD Vedanta Zinc International has committed investment to zinc mining and beneficiation, including the development of a zinc refinery complex, which is at the feasibility stage

Fresnillo meets 2022 guidance

By: Donna Slater     25th January 2023 London-listed Fresnillo has met its 2022 guidance, producing 53.7-million ounces of silver and 635 900 oz of gold from its mines in Mexico. Silver production was slightly above 2021’s output, with production from the Juanicipio mine and increased volumes of ore processed at Fresnillo, both in the... 

Sandfire maintains FY production guidance

By: Mariaan Webb     24th January 2023 Australia-based Sandfire has maintained its production guidance for the 2023 financial year, despite expecting the Matsa mine, in Spain, to perform at the lower-end of its guidance range for the year. The group’s guidance for copper production is between 83 000 t to 91 000 t, while its target... 

Study into US battery-grade manganese production making headway - South32

By: Mariaan Webb     23rd January 2023 Australia-headquartered South32 is progressing plans to potentially produce battery-grade manganese at its Hermosa project, in Arizona, with work on the selection phase of the prefeasibility study (PFS) of its Clark manganese/zinc/silver deposit now complete. Although the PFS selection study... 

Vedanta to sell Black Mountain and Skorpion to Hindustan Zinc

By: Bloomberg     20th January 2023 Vedanta will sell its international zinc operations to unit Hindustan Zinc for $2.98-billion in cash to help consolidate the businesses and pare debt for ultimate parent, Vedanta Resources. Rajasthan, India-based Hindustan Zinc will buy the assets of THL Zinc Mauritius in a phased manner from... 

Policy hampering transport rebuild

By: Leah Shelene Asaram     20th January 2023 Zinc is a highly valued metal in the rail and road sector because it is used to coat steel to reduce corrosion and extend the life to replacement of large capital items, says International Zinc Association Africa Desk executive director Simon Norton. There is an urgent need to rebuild and expand... 

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