Chinese smelters' treatment and refining charges for imported lead concentrate slide to $20–$30 per tonne, more than $100 below last year's peak.
Lead Mining News
Open Mineral Exchange has managed to attract mining companies and smelters wanting to cut out the middlemen and save cash on deals for concentrates.
Freeport agreed in August to divest a 51% stake in Grasberg to local interests in return for full operational control until 2041 plus fiscal and legal guarantees, but a final deal has still to be reached.
Consensus forecasts point to double digit declines for the platinum, zinc, copper and lead price by the end of the year, while coal is set to tank.
The deal is expected to be both earnings- and cash-flow-per-share-accretive in the first full year, the company said.
Brazil-based mining company Votorantim Metais Holding SA filed on Thursday for an initial public offering in New York and Toronto, to tap into a wide base of investors betting on a long-term recovery in zinc, copper, lead and silver prices.
Company said it preserved the right to shut down operations in the country and to take legal actions to protect itself and its assets should the dialogue with the ministry of energy and environment fails.
While the company can now proceed with development of Olympias, is still awaiting permits for its Skouries project, the main bone of contention with Greek authorities.
Greek government alleges a technical study for the company’s Madem Lakkos metallurgical plant is deficient and thereby violates environmental terms.
The miners from the Eldorado Gold mine in the Halkidiki region were protesting looming layoffs as the company said Monday it would suspend all operations in Greece.
Fireweed Drills Wide High Grade Mineralization at Macmillan Pass Project including 10.20% Zinc, 6.28% Lead and 87.7 g/t Silver over 24.4 meters (True Width)
“We are excited to see these results not just confirm the historic grades, but also exceed them significantly in places.”
Citing delays in permits from the Greek government, the company said no additional investment would be made into the Olympias and Skouries projects or the Stratoni mine, which it acquired in 2012.
The Canadian junior recently started a six-week drilling program at its Macmillan Pass Project located 200 kilometres northeast of the town of Ross River in Yukon
Active mining concessions add up to 25,716
Acquisition makes of the Canadian miner one of the few multi-asset, low-cost global zinc producers.
Government said it expects to settle its differences with the Canadian miner, which is developing the Skouries and Olympias projects in northern Greece, where it also operates the Stratoni mine.
Contractor employee was struck by a branch from a falling tree, resulting in fatal injuries.
The company has greed to reduce its stake in the Grasberg mine to 49% in exchange for licenses to operate the massive copper and gold pit until 2041.
China's metals trade figures were once a spotlight on the state of the world's manufacturing engine and price driver.
After posting a fourfold rise in profits, world's number one mining company now "actively pursuing options to exit" its US oil and gas business bought for $20B six years ago.
Swiss giant raises outlook for the rest of the year after revenues at $75 billion a year metals and minerals business jump 20% during first half.
A team of geologists is using a series of techniques to identify halogens, commonly associated mineral deposits, in organic materials
Vancouver Island copper-zinc-lead mine, Myra Falls, restarts after nearly two years.
Authorities seek to settle differences with the Canadian miner over Skouries, one of the gold projects the firm is currently developing in northern Greece.
The country's ultimate objective is to have its own space mining agency by the end of the year.