Zinc Mining News and Commentary

Hudbay Discontinues Planned Offering of US$400,000,000 Senior Unsecured Notes

Marketwire | May 19, 2012

HudBay Minerals Inc. ("Hudbay") (TSX:HBM)(NYSE:HBM) today announced that due to market conditions it is discontinuing the planned offering of US$400 million senior unsecured notes due 2020, which it had previously announced on May 14, 2012.

Junior resource investment in a financial meltdown – the Good, the Bad and the Ugly

Mineweb | May 19, 2012

Rick Rule's presentation at the New York Hard Assets Conference earlier this week sees some light for the informed junior resource investor despite current patterns which have mostly been Bad or Ugly!
Silvercorp sets records in China as it emerges from short and distort saga

Frik Els | May 18, 2012

Silvercorp Metals along with the rest of the silver sector jumped on Thursday as the price of the precious metal recovered from year lows. Ahead of announcing annual financials results that showed record production of 5.6 million ounces and cash …
Expat execs in Africa: Without 'danger pay' how does the money stack up now?

Frik Els | May 17, 2012

Africa's economic indicators are all pointing up, but executive pay packages and living arrangements for expatriates are changing too.
Glencore stockpiles zinc, tightens grip on global market

Globe and Mail | May 17, 2012

Commodity trader Glencore is tightening its grip on the global zinc market by moving material to inaccessible locations, forcing industrial users to pay high physical premiums for a metal that is in surplus.
BC mining industry earned extra $2 billion in 2011 on strength of coal, silver

Andrew Topf | May 16, 2012

The mining industry in British Columbia produced some healthy numbers in 2011, buoyed by high commodity prices and continued growth in mineral exploration, according to PwC’s annual BC Mining Survey.
Falling off the supercycle: BHP puts the brakes on capex, stock hits 3-year low

Frik Els | May 16, 2012

“Where the industry previously lacked investment opportunities and choice, it now has more projects than cash flows. All of us in the industry are having to make choices.”
Baja CEO resigns, stock up 10%

Andrew Topf | May 14, 2012

Baja Mining stock was up 10% today after the embattled junior miner announced its CEO has resigned.
Trevali to acquire modern mill complex in New Brunswick

Marketwire - Mining and Metals | May 14, 2012

n an all share deal worth about $20 million, Trevali Mining (TSX: TV) will acquire the Caribou zinc-lead mine and mill in New Brunswick's Bathurst mining camp, giving it a place to eventually send ore from its nearby Halfmile zinc-lead mine that just started production.
Gold and base metal plays: Jerome Hass and Jimmy Chu

The Gold Report | May 13, 2012

Toronto-based hedge fund managers Jerome Hass and Jimmy Chu of Lightwater Partners discuss their strategic approach to taking long positions on gold, zinc and tungsten opportunities around the world.
End of the Kim era at Kazakhmys

Frik Els | May 11, 2012

When Kim got involved with Kazakhmys (then called ZhezkazganTsvetMet) during the 1990s the Soviet era the state company was in complete disarray and debt laden. He turned Kazakhmys into a $6 billion company and amassed a personal fortune of $3.5 billion along the way.
The commodity megatrend

Stephan Bogner, Rockstone Research Ltd | May 10, 2012

Commodities have experienced a renaissance after the bursting of the internet bubble at the end of the 20thcentury. The new and long-term upward trend began with most commodities in late 1990s and already lasts nearly 15 years. During this time, most commodity prices manifold strongly.
Qatar plonks $4 billion on Xstrata and hands Glasenberg another victory

Frik Els | May 10, 2012

The oil and natural gas rich nation's stake in the coal giant is now 8% with a target of over 10%, providing crucial back for Glencore CEO Ivan Glasenberg to push through the $90 billion merger with Xstrata.
Canadian Teck Resources shows renewed interest for the iron ore industry

Cecilia Jamasmie | May 9, 2012

Canadian miner giant Teck Resources Ltd. (NYSE:TCK, TSX:TCK.B) is interested in entering the iron ore industry and would seek to acquire a producing asset rather than develop a mining project, chief executive Don Lindsay told Bloomberg yesterday at the Canada Economic Summit, in Toronto.
Zincore announces strategic partnership with First Quantum Minerals to accelerate work on copper and zinc projects

Marketwire - Mining and Metals | May 8, 2012

Zincore Metals Inc. (TSX:ZNC)(LMA:ZNC) ("Zincore" or the "Company") is pleased to report that it has entered into a strategic partnership with First Quantum Minerals Ltd. (TSX:FM)(LSE:FQM) ("First Quantum") Under the terms of a binding Memorandum of Understanding ("MOU"), First Quantum's wholly-owned subsidiary, FQM (Peru) Ltd will make a strategic investment in Zincore via private placement for 19,113,874 common shares at $0.20 per share (the "Private Placement") and fund the advancement of Zincore's Dolores copper porphyry project through exploration and, if warranted, development and production. The Dolores project is located in the prolific Yauri-Andahuaylas Copper District of southern Peru, approximately 40 kilometres from the Haquira deposit, which First Quantum is currently developing.
Canadian Baja Mining continues to struggle over funding for Mexico project

Cecilia Jamasmie | May 7, 2012

Canadian miner Baja Mining Corp (TSX:BAJ) said on Monday it won’t be able to continue with its copper/cobalt/zinc project in Mexico beyond mid-June, unless it finds a way to fund cost overruns quickly.
Is this Baja Mining's ‘Et tu, Brute?' moment?

Mineweb | May 7, 2012

A recent turn of events in an escalating fight between Baja Mining and dissident shareholder, Mount Kellett Capital Management, might seem to share a little of the plot from William Shakespeare's Julius Caesar: Faithful directors once opposed to this very dissident group that has demanded a shakeup of management and directors suddenly cross the line to support the very force trying to oust incumbents to which they were once loyal.
Asmara copper and zinc project minelife jumps 50%

Mineweb | May 6, 2012

In a new prefeasibility study Sunridge Gold pulled four deposits together into a single mining scenario at its Asmara copper-zinc project in Eritrea for the first time, giving it added minelife and net present value.
Tweet of the day about Canada minting its last penny

Michael Allan McCrae | May 4, 2012

Video of the event was uploaded by Winnipeg Free Press.
Apple is a want – global resources are needs

Frank Holmes - U.S. Global Investors | May 4, 2012

Here’s a different way of showing how energy stocks have lagged.
Eritrea's great gold potential – and copper and silver and zinc

Mineweb | May 4, 2012

The tale of Eritrea's first major miner, Nevsun, which has had mixed fortunes this year and gold explorer, Andiamo Exploration, whose chairman has been a long time believer in the country's mineral potential.
Canada mints its last penny on Friday

Michael Allan McCrae | May 3, 2012

The Canadian penny will get a ministerial send off when the Federal Finance Minister Jim Flaherty will be on hand to watch the last minting.
Grupo Mexico profit jumps 35% on higher production

Andrew Topf | May 3, 2012

Major copper producer Grupo Mexico reported a 35% jump in first-quarter profit, helped in part by higher mine production numbers.
Scientists trying to breathe new life into Europe's dying metals mines

Andrew Topf | May 2, 2012

EuroNews reports on a trend becoming more common in European metal mines: the high cost of extraction amid depleted resources.
Northern Shield intersects gold and silver mineralization at Tempest

CNW Telbec | Mining/Metals | May 2, 2012

Northern Shield Resources Inc. ("Northern Shield") (TSXV: NRN) is pleased to announce results from the five hole drill program completed to date at Northern Shield's 100% owned Tempest property, in northern Ontario, which include two gold mineralized zones intersected in drill-hole TP12-07.
New watchwords at BHP: sequencing, discipline, cash flow

Cecilia Jamasmie | May 2, 2012

BHP Billiton addressed shareholder concerns about its ambitious investment plans in four mega-projects on Wednesday saying it will match capital expenditures closely with cash flows and stagger the project pipeline.