Zinc Mining News

Russia fighting for right to mine mid-Atlantic minerals

Russia will seek to secure a priority right for the explored ocean minefields in the Atlantic says Polar Marine Geological Prospecting Expedition Vladimir Kryukov following the first stage of ore deposit exploration on the Atlantic Ocean floor. The Russian research vessel The Professor Logachev is engaged in exploring copper, zinc, gold and silver deposits in the area of the Mid-Atlantic Ridge at about 13 degrees north latitude. Over the last seven years, Russian marine geologists have made a number of discoveries and is now seeking to legally execute its right of exploring them through the United Nations.

Zinc or swim when the tide turns

Zinc has long been runt in the litter of base metals, notwithstanding its multitude of uses. But the tide may be turning, with some big-name mine closures in the years ahead getting analysts thinking about the day when the oversupplied market goes into deficit. Goldman Sachs made the point in a recent research note, which posed the question of whether unloved zinc could be the ''next copper,'' given the prospect of a possible shortage from 2013.

Zinc plant a go for Horsehead

Horsehead Holding Corp. said Wednesday it's going ahead with plans for a lower cost, environmentally friendly zinc production plant.

Ireland’s zinc mines may boom again as Xstrata buys remaining stake in Pallas Green

Xstrata Zinc Canada has agreed to purchase the remaining 23.6% interest in the Pallas Green property in Ireland belonging to its current joint venture partner in the project, Minco, for $19.4 million. Under the agreement, which is subject to Minco shareholder approval, Xstrata Zinc will become the sole owner of the project at Cahernconlish, Limerick.

Base metals edge higher in Mumbai

Lead gained 45 paise/kg to close at 120.50, the outlook still positive on strong Chinese demand. Though consumption of the metal has been slow in US and Europe, rising car ownership in China is helping trade.

Glencore to stop reporting quarterly results

Glencore has decided to stop reporting its results every quarter, in a move that is likely to soothe tensions with Xstrata, the mining company in which it owns a 34 per cent stake.

Commodity falls and fears for stress tests see FTSE decline

Falls among commodity issues sapped the strength of Britain’s top share index yesterday, as worries over global growth clouded the demand outlook for metals and oils. At the close, the FTSE 100 index was down 59.48 points.

Japan Times: China raises spectre of undersea mining with world's deepest diving submersible

The prospect of mining the ocean floor may seem far-fetched, but China, motivated by its insatiable hunger for resources, has opened its eyes to the idea. According to a story in The Japan Times, China will attempt to plunge the Jialong - the world's deepest-diving manned submersible - 5,000 metres below the surface of the Pacific Ocean between Hawaii and North America, exceeding the craft's previous depth of 3,759 metres.

Jet Gold options Zinc Bay property

Brad J. Moynes, President of Jet Gold Corp. ("Jet Gold" or the "Company") (TSX-V: JAU) is pleased to announce that the Company has signed an option agreement with Guardsmen Resources Inc. to acquire up to a 75% interest in the Zinc Bay property located in northwestern British Columbia.

Kagara boosts quarterly zinc production

Zinc and copper producer Kagara posted a 121 per cent jump in zinc production for the June quarter on reduced cash costs of 74 US cents (69.60 Australian cents) per pound.

Continental Gold Drills 18.1 m @ 24.89 g/t Gold and 63 g/t Silver at Veta Sur and Announces New Sediment-Hosted Gold-Silver-Zinc-Lead Discovery at the Buritica Project, Colombia

Continental Gold Limited (TSE:CNL) reports results for nineteen diamond drill-holes from its ongoing program at its Buriticá project in Antioquia, Colombia.

Zinc futures up on global cues

Supported by pick-up in spot demand and a better trend at the London Metal Exchange, zinc futures prices rose 0.39 per cent today. At the Multi Commodity Exchange, zinc for delivery in July traded higher by 40 paise or 0.39 per cent to Rs 103.25 per kg

China hikes smelting, steel capacity cuts

Reuters Africa reports that China has ordered local governments to cut a total 2.04 million tonnes of aluminium, copper, lead and zinc smelting capacity in 2011.

Base metals fall on Italy debt worries, supply in focus

Reuters reports that nickel went untraded today, but still managed to fall as copper, aluminum and zinc also fell.

Sumitomo Metal Mining zinc and lead operations at Harima smelter set for major revamp

Sumitomo Metal Mining Company Limited in a move designed to enhance the company’s competitive position in zinc smelting operations has decided to terminate processing of zinc and lead concentrates which are imported into Japan as raw materials and

LME non ferrous trading climbs 16 per cent in H1 2011

LME non-ferrous trading climbs 16 per cent in H1, 2011 Read more : non-ferrous metals,ferrous metals,lme,commodity derivatives LONDON (Commodity Online): Non-ferrous trading registered a growth of 16% in volumes at London Metal Exchange (LME) t with 68.6

Breakaway Resources – Altia joint venture: further drilling planned

Breakaway Resources Limited (ASX: BRW) is pleased to advise that BHP Billiton Minerals Pty Ltd (ASX: BHP - "BHP Billiton") is proposing further diamond drilling under a Farm-in and Joint Venture covering the Altia Silver-Lead-Zinc Deposit, located

Trevali announces $15 million non-brokered private placement

Trevali Mining announced that it has arranged a non-brokered private placement of up to 10,000,000 common shares at a price of CDN $1.50 per common share to raise gross proceeds of up to CDN $15.0 million (the "Offering"). Closing of the Offering is anticipated to occur on or before July 21, 2011 and is subject to receipt of all necessary regulatory approvals.

Trading opportunity seen in zinc and lead: SMC Global

Zinc and Lead have shown stunning recovery recently as Greece passed austerity measures but this will be short lived and it is only relief measure because overall euro zone problems is much bigger.

TSX heads for higher open amid rising commodities, positive employment news

TORONTO - The Toronto stock market appeared set for a slightly higher open Thursday as oil prices got a boost from data showing that U.S. crude supplies fell more than expected for a second week, suggesting demand is improving. The Canadian dollar rose

Selwyn announces Korea Zinc warrants exercise

Released By Selwyn Resources Ltd. Share: Text Size: VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/07/11 -- Selwyn Resources Ltd. ("Selwyn") (TSX VENTURE: SWN) is pleased to announce that one of its major shareholders, Pan-Pacific Metal Mining

Bolivia says mining exports to top $3 billion this year

Reuters Africa reported that Bolivia expects to hit a record high for silver and zinc exports.

HudBay to build new concentrator at Lalor, extends mine life

HudBay Minerals now plans to build a new C$264-million concentrator and paste backfill plant at its Lalor zinc/copper/gold project, in Manitoba, rather than refurbishing an existing facility at the nearby Snow Lake operation.

Canadian mining sector has a great April: Statistics Canada

Canadian base metal and coal miners were the nation's economic bright spot in April, according to report from Statistics Canada released on Thursday. The study, which looked at gross domestic product by industry, found that mining grew strongly while the rest of the economy was mostly flat.

Mexico silver production to up 15 pct and gold production rises 18 pct

Mexican mining production rose 22% in April from the year-ago month, led by a big jump in output of copper, the National Statistics Institute, or Inegi, said Thursday. Copper production rose 77% to 32,324 metric tons.