Miner said it would the project back into "care and maintenance" and re-assess its investment in it upon approval and receipt of required permits.
Zinc Mining News
The Century zinc mine in Queensland could be churning out ore again thanks to a $52.9 million private placement raised by owner New Century Resources (ASX:NCZ).
This year, copper was shoved out of the London limelight by new hot metals such as lithium, cobalt and nickel.
Mining investment in Peru set to fall for a fourth straight year in 2017, but Mining Minister Cayetana Aljovin expects it to bounce back in 2018.
According to the International Lead & Zinc Study Group, the 10 largest zinc companies account for roughly 45% of world total, leaving plenty of room for smaller producers to grow.
Zinc major Nexa Resources up more than 12% since Friday's IPO.
In third-quarter production report, Glencore lowered its output guidance for copper, zinc and coal but said full-year earnings would not suffer.
Lacklustre performances by small mining companies on the London Stock Exchange are driving rivals in need of cash to find alternative ways to raise capital.
The wrong coal mix tanks shares in Teck Resources, Canada's largest diversified miner.
Teck expects larger proportion of coal sales in fourth quarter to be non-premium, reducing average realized price to about 85 percent of benchmark prices.
While an estimated 61 larger miners will pay more, about 30,000 smaller miners seen as larger job creators will pay less.
President Xi's enormous power means his pet projects like One Belt–One Road and Xiongan New Area will receive the full backing of the state.
Refined copper production was 774,000 tonnes last month, up 3.3 percent from 749,000 tonnes in August, according to the NBS data.
The combination of spread stress and large flows of metal in the LME system suggests we've just witnessed a big bear-bull battle among physical players.
Hecla Mining Co.'s Q3 production of silver, lead and zinc exceeded BMO's expectations, whereas that of gold reached the anticipated level.
Fire shrinks Mt Whaleback iron ore production, but output at world's largest copper mine Escondida in Chile jumps 23%.
The metal has doubled in prices since late 2015 and investor demands are rising for this "hot commodity."
Chinese smelters' treatment and refining charges for imported lead concentrate slide to $20–$30 per tonne, more than $100 below last year's peak.
Open Mineral Exchange has managed to attract mining companies and smelters wanting to cut out the middlemen and save cash on deals for concentrates.
Competitive operating costs and supportive government policies are also expected to play a key role in Mexico's mining industry strong recovery.
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.
Mining ihas been one of the last sectors to use a surge in computer processing power, cloud data storage and complex algorithms to make sense of huge amounts of scattered information - routine in today’s retail and manufacturing businesses.
The company will pay between $531 million and $956 million depending on the offer's level of acceptance by Volcan shareholders.
Following its emergence from bankruptcy protection three months ago, Stelco filed Wednesday a preliminary prospectus with securities regulators in Canada for a proposed initial public offering of its shares.
A new report from BMI Research states that the global refined zinc market will remain in deficit over the next few years