Lead

Mining blamed for Canadian economy unexpected dip in February

Canada's gross domestic product surprisingly dropped 0.2% in February, with all fingers pointing at the manufacturing and mining sectors, particularly potash and nickel producers, as the main responsible, says the latest Statistics Canada report.

Record revenues for Teck despite lower metals prices

Teck Resources fought against lower metals prices to post record revenues for the first quarter.

Creepy vintage ad: 'I hope the lead I'm mining will be used in your paint'

Social news site Reddit ran a vintage mining ad showing a happy miner extolling the virtues of lead.

Doe Run Peru to be liquidated after rejected restructuring of La Oroya smelter

Metals producer Doe Run Peru’s creditors rejected a restructuring plan the company presented with a view to restarting operations at the La Oroya smelter, said in a statement the Energy and Mines Ministry, Jorge Merino Tafur.

Melting Arctic is nothing but good news for the mining industry: Lloyd's/Chatham House

The melting ice cap in the Arctic sea could open up access to immense mineral reserves, attracting billions of dollars in investment, but also bringing with it unique risks and challenges, says Lloyd’s/Chatham House latest Risk Insight report.

Chieftain Metals addresses historic environmental legacy at Tulsequah

Victor Wyprysky, President and CEO of Chieftain Metals Inc., commented: "Chieftain's immediate attention to provide a solution to the historic environmental issues at Tulsequah demonstrates the high importance we place on community and stakeholders concerns as we move "The Chief" to construction start."

China soft landing likely, says World Bank

The Chinese economy is likely to land softly, rather than with a jolt, with growth forecast at 8.2% this year and 8.6% in 2013, according to The World Bank.

Fire forces lead smelter closure in Missouri

The Doe Run Company had to declare force majeure at its lead smelter in Herculaneum, Missouri, after a fire at the plant.

First Nations say Manitoba should hurry up mining files

Governments of all levels have been criticized by the slow pace of regulatory approval for mine and exploration permitting. Now First Nations groups, according to an editorial in the Winnipeg Free Press, are levelling the same criticism against the Manitoba government.

Glencore-Xstrata merger won't happen this year

EU regulators are stepping up scrutiny of the mooted $90 billion merger of the commodities trader and coal giant and the whole vetting process could take until early 2013. That is if the deal goes ahead at all.

Investors give miners another kicking after China manufacturing shrinks

None of mining's top companies escaped the carnage on Thursday after a survey of manufacturing in China showed activity slowed for a fifth straight month.

Great Panther Silver reports 37% increase in revenues to $57.8 million and $11.5 million in net earnings for 2011

Great Panther is pleased to report revenues for the year ended December 31, 2011 of $57.8 million, representing a 37% increase over 2010. The Company's gross profit or earnings from mining operations increased by 64% to $26.9 million for 2011, and net earnings increased 8% to $11.5 million. The Company also increased working capital to $53.8 million at December 31, 2011, from $18.8 million at the end of the prior year.

Kagara lays off 130 employees after posting A$48.9 million loss

Queensland base metal miner, Kagara Mining, said 130 of its staff were becoming redundant after the company posted an A$48.9 million loss in the first half of its financial year.

Body blow for mining heavyweights as China growth expected to slow to near decade low

The mining sector's bellwether companies were all beaten down on Monday after China's premier Wen Jiabao delivered a downbeat outlook for the world's second largest economy adding that there were "new problems" to deal with.

Vedanta consolidation to create world's 7th largest natural resources company

London-based Vedanta Group (LON:VED) announced Saturday a merger of two of its subsidiaries, Sesa Goa and Sterlite Industries, into a new corporate entity to be named Sesa Sterlite.

Hecla busts company record with 148 million ounces of silver reserves

Hecla Mining reported the largest resource calculation in company history today with 148 million ounces of silver reserves and 281 million ounces of resources. The silver numbers represented a 4% increase in reserves and a 13% bump in resources. Hecla also noted a 33% increase in gold resources to 597,600 ounces, while lead and zinc increased a respective 21% and 26%.

Silvercorp reports revenue of $61.9 million and operating cash flow of $31.6 million in the 3rd quarter of fiscal 2012

Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX:SVM)(NYSE:SVM) today reported its unaudited financial and operating results for the third quarter ended December 31, 2011 ("Q3 2012"). The following financial results are expressed in US dollars (US$) unless stated otherwise.

Brixton Metals Announces Flow-Through Financing

Brixton Metals Corporation (TSX VENTURE:BBB) (the "Company" or "Brixton") is pleased to announce that it has entered into an agreement to complete a brokered private placement financing (the "Private Placement"), on a "best efforts" agency basis, through a syndicate of agents led by Euro Pacific Canada Inc. and Fraser Mackenzie Limited (the "Agents").

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 1, 2012) –

Silvercorp Announces Positive Pre-Feasibility Study for the GC Silver-Lead-Zinc Project in Guangdong Province, China

Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX:SVM)(NYSE:SVM) is pleased to announce it has received a positive Pre-Feasibility Study ("PFS") for its 95%-owned GC Project in Guangdong Province, China.

Oman mining and quarry sector poised for growth

Tiny Oman, the Sultanate perched on the southeast tip of the Arabian peninsula, is setting up for a quantum leap in mining, the Oman Daily Observer reports in an article published Saturday.

Alexco Silver Production Increases 21% to More Than 600,000 Ounces in Fourth Quarter 2011

Alexco Resource Corp.CA:AXR +2.22% AXU +3.15% today reports record silver production of 608,093 ounces during the fourth quarter of calendar 2011 from the Bellekeno mine in the Keno Hill Silver District, Yukon.

Zambia zinc mine tipped to start operations

Zambia Daily Mail is reporting that a mining licence will soon be issued for a lead-zinc mine.

Santa Fe Metals Corp. announces up to 8.2% copper and 228 g/t silver on Don Indio

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 18, 2012) – Santa Fe Metals Corp. ("the Company") (TSX VENTURE:SFM) is pleased to report assay results from the November/December 2011 phase of the ongoing sampling program on its Don Indio project at Cuatro Ciénegas, Coahuila, Mexico.

Eurometeaux gears up for EU carbon tax talks

The metals lobby group is gearing up to meet with the European commission at the end of January to persuade it to grant the sector full exemption from the indirect carbon costs embedded in electricity prices.

Xstrata renews contract with Industrea for Black Star

Global mining products and services provider Industrea has signed a renewal contract through Industrea Mining Services (IMS) for the hire, service and support of equipment to Xstrata for its Black Star open pit mine worth approximately A$132 million in minimum hours revenue up to December 2013.