Zinc Mining News

Tahoe Resources' Guatemalan unit announces new round of layoffs

The Guatemalan unit of U.S. miner Tahoe Resources Inc laid off an additional 169 workers on Monday, two weeks after the country's top court kept in place a more than 14-month suspension of operations at the company's Escobal silver mine.

Most profitable mining companies in 2017

Polyus.

Base metals drop as trade war angst spurs concern about demand

The U.S.-led trade war fans concern that the showdown will derail otherwise-strong economic growth in the world’s two largest economies.

Nexa says to invest $1.17 bln in Peru, Brazil in five years

About $816 million will be invested in Peru, including $555 million in copper projects and $216 million in zinc.

Mitsubishi, Sumitomo said to be after Teck’s Quebrada Blanca mine

Other companies interested in partnering with Teck include Freeport-McMoRan, China’s Aluminum Corp of China (Chinalco) and Canada’s base metals miner Lundin Mining.

Mining exploration spending in Australia jumps to 5-year high

Drilling at new projects up 57% as spending on gold exploration reaches 21-year high.

Lundin gives up on Nevsun after Zijin's $1.41 billion offer

Toronto-based miner said it doesn’t intend to amend any of the terms of its bid for Nevsun, but noted it would continue to pursue strategic growth opportunities.

Luxembourg’s mining-focused Space Agency ready to lift off

Unlike US space agency NASA, Luxembourg Space Agency (LSA) will not carry out research or launches. Its purpose is to boost exploration, mining and commercial utilization of resources extracted from near earth objects.

China’s Zijin to buy Nevsun for $1.41bn after Lundin takeover rejected

The Chinese gold and base metals producer will give Nevsun Cdn$6 per share in cash, trumping Lundin’s C$4.75 a share bid launched in July.

Copper price takes another beating

Chinese manufacturing gauge drops to 14-month low.

India's Anil Agarwal succeeds with Vedanta Resources buyout

Some in the industry see this move as a prelude to a potentially broader deal with bigger miner Anglo American.

Grupo Mexico could reopen San Martin mine after 11 years

Miner Grupo Mexico could reopen the country's largest underground mine in the first quarter of 2019, after it closed due to a workers strike.

Australian southern state open to mining

Victoria's government wants to spend $220 million on exploration and drill one million metres by 2023.

Canada's Teck resumes lead smelting at British Columbia facility

Teck Resources Ltd said on Tuesday that lead smelting had resumed at its Trail, British Columbia, facility after a seven-day suspension because of wildfires.

Zacatecas governor welcomes reopening of Grupo Mexico's mine after 11-year strike

The provincial authority issued a statement after learning that the reopening of the mine will create 3,600 jobs.

Teck partially suspends smelter due to forest fire smoke

No timeline for resumption of operations.

Hedge funds turned record short on metals just before the rout

As U.S.-China trade tensions escalated mid-June, fast-money traders flipped to a short position in metals overall.

Mining and metals markets crater as copper price enters bear market

Investors found no solace in traditional safe haven gold with the precious metal setting a one-and-a-half year low.

Nevsun asks shareholders to reject Lundin's hostile bid

Canadian miner Nevsun Resources Ltd on Thursday urged its shareholders to reject a hostile C$1.4 billion ($1.07 billion) offer from rival Lundin Mining Corp.

Contractor dies in accident at Trevali's Perkoa Mine

Upon knowledge of the accident all underground operations were suspended and authorities were notified.

Glencore credits China's 'Blue Skies' program for strong H1

Protectionism could limit future growth.

Latin America-focused copper miner now eyeing Canada

Westminster Resources to buy a land package in the Ronge district of Saskatchewan.

Canadian junior ready to start drilling for copper in Spain

Pan Global’s subsidiary Minera Águilas has received the necessary permits to start its exploration campaign on the first two sections of the Águilas project.

Brazil studying auction of rights to six unexplored mining areas in 2019

The unexplored areas that have significant potential output of copper, gold, phosphate and other minerals.