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Zinc News

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... 

New local zinc refinery deemed urgent

By: Leah Shelene Asaram     20th January 2023 The use of the multipurpose base metal, zinc, in South Africa, has “been through a rollercoaster over the past ten to 12 years”, says International Zinc Association (IZA) Africa Desk executive director Simon Norton. With the Zincor refinery – owned by minerals mining company Exxaro – being closed... 

An image of galvanised steel
COAT OF PROTECTION Refined zinc is largely used for galvanising steel and steel sheeting for the civil engineering and construction industries

Green hydrogen mine mobility on way in India to platinum applause

By: Martin Creamer     19th January 2023 India has opted for hydrogen fuel-cell heavy-duty mine truck mobility in a green initiative that will have platinum group metals (PGMs) miners applauding. This is because the clean emission-free power will come from proton exchange membrane PEM technology, which is PGM-enabled. 

Anglo American's large nuGen zero emissions haulage solution.
Photo by Creamer Media
Anglo American's large nuGen zero emissions haulage solution.

China’s reopening should underpin commodity demand acceleration – Barclays 

By: Martin Creamer     13th January 2023 China’s reopening and ‘whatever it takes’ approach to the property sector are tectonic shifts that should underpin an acceleration in commodity demand through 2023, say Barclays Equity Research analysts. 2023 is set to be another strong year for miners, European metals and mining analysts Amos... 

Iron-ore sparkle.
Iron-ore sparkle.

Metals prices could spike with markets so tight, Trafigura says

By: Bloomberg     12th January 2023 Geopolitical shocks could trigger a surge in metals prices because the market has never been tighter, according to Trafigura Group. “We could be pushed into extreme price levels,” Jeremy Weir, the commodity trader’s chief executive officer, said at a mining conference in Saudi Arabia. “We need... 

Trafigura CEO Jeremy Weir
Trafigura CEO Jeremy Weir

Platinum-boosting clean hydrogen projects, patents are all the rage 

By: Martin Creamer     11th January 2023 The implementation agreement for Namibia’s planned multibillion-dollar Hyphen Hydrogen Energy project is scheduled to commence in the first quarter of this year, Namibia President Hage Geingob revealed in his 2023 New Year’s message. Egypt has granted approval for two green hydrogen projects in... 

Clean hydrogen patent innovation is all the rage, say IEA and EPO.
Clean hydrogen patent innovation is all the rage, say IEA and EPO.

Dundee Precious Metals meets 2022 guidance

By: Mariaan Webb     10th January 2023 Canada-based Dundee Precious Metals has met its 2022 production guidance, with its two gold mines in Bulgaria achieving “impressive” results, while its Tsumeb zinc smelter, in Namibia, missed its full-year guidance. Dundee produced 273 100 oz of gold and 30.8-million pounds of copper in the... 

Glencore Canada buys Noranda Income Fund

By: Mariaan Webb     10th January 2023 Commodity trader and miner Glencore Canada has agreed to buy Noranda Income Fund for C$53.2-million in an all-stock transaction. Noranda Income Fund was established in 2002 as an income trust to distribute cash flow from the zinc processing facility in Salaberry-de-Valleyfield, Quebec, to... 

Peel reports resource estimate in NSW

By: Esmarie Iannucci     10th January 2023 Junior Peel Mining has reported a mineral resource estimate of some 20-million tonnes, containing 216 000 t of copper, 322 000 t of zinc, 151 000 t of lead, 22-million ounces of silver and 204 000 oz of gold for its South Cobar project, in New South Wales. The company this week told shareholders... 

Enable South Africa to become green hydrogen centre – ANC

By: Martin Creamer     9th January 2023 Enabling South Africa to become a green hydrogen centre through government support is highlighted in the January 8 Statement 2023 of the National Executive Committee (NEC) of the African National Congress (ANC). "The ANC recognises important work in the Hydrogen Roadmap and directs government to... 

Cover image of 22-page ‘Year of Decisive Action’ document to mark ANC’s 111th anniversary.
Cover image of 22-page ‘Year of Decisive Action’ document to mark ANC’s 111th anniversary.

Trevali identifies buyer for Rosh Pinah stake

By: Creamer Media Reporter      19th December 2022 Embattled base metals miner Trevali Mining will sell its 90% interest in the Rosh Pinah mine, in Namibia, to Appian Natural Resources Fund III and Appian Natural Resources (UST) Fund III. This forms part of a court-sanctioned sales process, initiated in September, for Trevali’s interest in Rosh... 

Aurelia sets end date for Hera

By: Esmarie Iannucci     19th December 2022 ASX-listed Aurelia Metals on Monday announced plans to permanently cease commercial production at its Hera underground mine, in New South Wales, towards the end of March next year. The company told shareholders that the cessation of mining would be earlier than previously planned, however,... 

Aurelia to shut Hera underground

By: Esmarie Iannucci     19th December 2022 ASX-listed Aurelia Metals on Monday announced plans to permanently cease commercial production at its Hera underground mine, in New South Wales, towards the end of March next year. The company told shareholders that the cessation of mining would be earlier than previously planned, however,... 

Ascendant one step away from 80% ownership in Portugal project

By: Creamer Media Reporter      15th December 2022 Toronto- listed Ascendant Resources has satisfied all financial conditions required to increase its effective ownership interest from 50% to 80% in the Lagoa Salgada volcanogenic massive sulphide (VMS) project, in Portugal. The company has made the final $2.5-million payment to the optionor as... 

Orion Minerals appoints Peet van Coller as CFO

By: Schalk Burger     15th December 2022 JSE-listed metals exploration and development company Orion Minerals has announced that Peet van Coller has been appointed CFO, with effect from April 1, 2023. The appointment forms part of a series of recent and planned appointments to Orion’s leadership team in South Africa, as the company... 

Glencore working on value accretive emission reduction 

By: Martin Creamer     8th December 2022 Over and above the carbon emission reduction that automatically results from declining coal assets, diversified mining and marketing company Glencore is working on reducing its Scope 1 and 2 emissions across its entire portfolio of assets in a manner that is largely value accretive or cost free.... 

Glencore industrial assets head Peter Freyberg.
Glencore industrial assets head Peter Freyberg.

Anglo invests $200m to accelerate zero emissions haulage solution 

By: Martin Creamer     7th December 2022 Diversified mining company Anglo American has signed a binding agreement with First Mode, the specialist engineering technology company it partnered to develop the nuGenTM technology. The agreement is intended to accelerate the commercialisation of the climate-friendly truck and includes Anglo... 

Nyrstar's Auby zinc plant on care and maintenance until further notice

By: Reuters     7th December 2022 Nyrstar has completed scheduled maintenance work at its Auby operation in Northern France, but the smelter will not resume zinc production due to challenging market conditions, the Belgium listed company said on its website. Nyrstar did not specify the challenges. "The plant will now be placed... 

Strong call for rapid green hydrogen investment by ramp-up backer 

By: Martin Creamer     30th November 2022 A strong call for final investment decisions (FIDs) on a multiplicity of green hydrogen projects was made at the South Africa Green Hydrogen Summit in Cape Town yesterday by H2Global, a market ramp-up instrument that serves as an innovative form of subsidy scheme to smooth out bumps along green... 

Taking part in the South Africa Green Hydrogen Summit panel discussion are (from left to right) facilitator Lorato Tshenkeng, Timo Bollerhey, Till Mansmann, Sasol’s Gosiame Khoele, and Tobias Bischof-Niemz.
Photo by Creamer Media
Taking part in the South Africa Green Hydrogen Summit panel discussion are (from left to right) facilitator Lorato Tshenkeng, Timo Bollerhey, Till Mansmann, Sasol’s Gosiame Khoele, and Tobias Bischof-Niemz.

R4-trillion needed for South Africa’s hydrogen economy, PIC declares  

By: Martin Creamer     28th November 2022 South Africa’s State-owned Public Investment Corporation (PIC) stated on Monday that more than R4.3-trillion is required for the development of the hydrogen economy, which it declared positive for people, planet, and client portfolios. The hydrogen investment strategy of the PIC, which has... 

Hydrogen promises to be the next frontier in clean energy technology due to its extensive value chain applications.
Photo by Siemens
Hydrogen promises to be the next frontier in clean energy technology due to its extensive value chain applications.

South Africa’s mining market is dynamic and fast-moving, Siemens Large Drives finds  

By: Martin Creamer     25th November 2022 South Africa is a super dynamic and super fast-moving market, says Siemens Large Drives global solutions head Oliver Beck, who has just completed a week of discussions with customers to highlight sustainability solutions for mining. From his perspective, South African mining economy is at the... 

Siemens Large Drives global solutions head Oliver Beck.
Siemens Large Drives' Oliver Beck, Tim Walwyn talk to Mining Weekly's Martin Creamer. Video: Nicholas Boyd, Shadwyn Dickinson. Video Editing: Darlene Creamer. Pictures: Donna Slater.

Denarius granted option to buy 80% of Spanish zinc/lead project

By: Creamer Media Reporter      23rd November 2022 Canada-based Denarius Metals has been granted a definitive option agreement to acquire, in two stages, up to 80% in Aim-listed Europa Metals’ Spanish subsidiary, which owns the Toral zinc/lead/silver project. Denarius executive chairperson and CEO Serafino Iacono says the company is pleased to... 

South Africa’s crime crisis ruling out economic growth, sustainability discussion hears  

By: Martin Creamer     23rd November 2022 South Africa’s economic paradox is that it cannot grow economically if it has a burgeoning crime crisis but it is unable to solve the burgeoning crime crisis if it is not growing. That was the opening comment of outgoing Mineral Council South Africa CEO Roger Baxter, who anchored the second of... 

Roger Baxter.
Roger Baxter.

Platinum moving into meaningful deficit amid emergent source of new end-demand 

By: Martin Creamer     22nd November 2022 Platinum is moving into meaningful deficit amid an emergent source of new end-demand in the form of green hydrogen. The 2022 surplus of 804 000 oz is projected to move into a deficit of 303 000 oz in 2023, according to the Platinum Quarterly of the World Platinum Investment Council (WPIC) for the... 

World Platinum Investment Council director of research Edward Sterck.
World Platinum Investment Council Director of Research Edward Sterck interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Top green hydrogen/fuel cell collaboration boost for platinum-group metals 

By: Martin Creamer     16th November 2022 A joint development agreement struck between global majors Nel Hydrogen US and General Motors is expected to speed up the development of green hydrogen technology that is competitive with fossil fuels.  The aim of agreement is to help accelerate the industrialisation of Nel’s proton exchange... 

Green hydrogen and fuel cell collaboration announced by Nel and General Motors of the US.
Green hydrogen and fuel cell collaboration announced by Nel and General Motors of the US.

Indonesia proposes to Canada setting up OPEC-like group for nickel

By: Reuters     16th November 2022 Indonesia has proposed in talks with Canada establishing an Opec-like organisation for nickel producing countries, the Southeast Asian nation's investment ministry said in a statement on Wednesday. Indonesia and Canada are the first and sixth biggest nickel producers in the world, respectively.... 

Swedish miner Boliden ups emissions goal

By: Reuters     15th November 2022 Swedish mining and smelting group Boliden on Tuesday raised its goal to cut emissions of climate-warming gases this decade in its drive towards fossil-fuel free metals production. Mining, together with industries like heavy road transportation and aviation, is a so-called hard to abate sector... 

Copper near 5-month high on hopes Fed could slow rate-hike pace

By: Reuters     11th November 2022 Copper prices climbed on Friday to their highest in nearly five months, as US inflation data bolstered hopes for a slower pace of interest rate hikes in the world's largest economy that would support industrial metals demand. The softer-than-expected data also sent the dollar sharply lower... 

Indian mining body seeks higher import tax on aluminium, zinc, copper products

By: Reuters     11th November 2022 India's top mining industry body has sought higher import taxes on a slew of metals such as zinc, copper and aluminium to help halt the tide of cheaper imports, especially from China, according to a note sent to the government and seen by Reuters. The government should raise import taxes to 10%... 

Investment needed for outgoing coal, incoming renewables, impacted communities, Mapungubwe highlights 

By: Martin Creamer     8th November 2022 With South Africa having committed to transition away from coal, investments will not only be required for the retiring of coal plants and the ramping up of renewable energy, but also for coal communities, who will require alternative economic development plans to sustain the livelihoods of all... 

President Cyril Ramaphosa arriving in Egypt for COP27.
President Cyril Ramaphosa arriving in Egypt for COP27.

Chicago is coming for London’s metal trading after LME stumbles

By: Bloomberg     8th November 2022 As the London Metal Exchange (LME) wades through the fallout of this year’s nickel crisis, its American rival is gaining ground. Chicago-based CME Group Inc. has successful copper and precious-metals contracts but has never managed to challenge the LME’s dominance in other industrial metals. This... 

All-season road to Prairie Creek receives final permits

By: Creamer Media Reporter      2nd November 2022 Dual-listed NorZinc has received final approvals for all management plans from Parks Canada, as regulator of Nahanni National Park Reserve, pertaining to the permit and licence to construct the Pioneer Winter Road (PWR), which represents Phase 1 of the all-season access road at the Prairie Creek... 

Green hydrogen truck trials going well – Anglo 

By: Martin Creamer     1st November 2022 The 500 t world-first haulage truck powered by green hydrogen last week underwent fully loaded trialling that included tipping into the crusher at Anglo American Platinum's Mogalakwena platinum group metals mine in Limpopo. “The trials all went well,” Anglo American group technical director Tony... 

Clockwise from top left are Duncan Wanblad, Tony O’Neill, Stephen Pearce and Hilton Ingram.
Photo by Creamer Media
Clockwise from top left are Duncan Wanblad, Tony O’Neill, Stephen Pearce and Hilton Ingram.

Saudi Arabia courts Australian miners for $170bn plan

By: Bloomberg     1st November 2022 Saudi Arabia is seeking investment from Australian miners to support its $170-billion plan to build a mining industry and diversify its oil-dependent economy this decade. The kingdom says it’s sitting on top of $1.3-trillion worth of untapped mineral deposits including copper, zinc, phosphates... 

Saudi Arabia to auction five new mining exploration licences in 2023

By: Reuters     31st October 2022 Saudi Arabia is planning to auction five new mining exploration licences with copper, zinc, lead and iron deposits for local and international investors in 2023, the mining minister said on Sunday, as it diversifies the economy away from hydrocarbons. The ministry will launch the bidding process... 

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