Kazakhstan, strategically placed between China and Russia, has a wealth of mineral riches which it is eager to profit from. While Kazakhstan is probably best known for its oil, changes are on the horizon as mining companies flow in searching for copper, gold, zinc and other natural resources.
Zinc Mining News
Funds reduced bets on rising commodity prices by the most in any week since February 2010 on mounting concern that a weakening global economy will slow demand for raw materials. In the week ended Aug 9, speculators cut their net-long positions in 18
Yukon-Nevada Gold announced its financial and operational results for the second quarter ended June 30, 2011. Highlights for the three-month period ended June 30, 2011 include the Jerritt Canyon Mine whihch produced 22,168 ounces from purchased ore, stockpiles and mining operations in the three months ended June 30, 2011, compared with 18,441 ounces in 2010, reflecting a 20% increase in production despite continued shutdowns.
Zinc price gains in July were more than wiped out in early August as worries intensified about global economic prospects, and further price declines could trigger mine production cuts in China, and help reduce surplus supply. "If prices fall below $2,000 then we would expect a lot of Chinese mine production to stop," said Giles Lloyd of industry consultants CRU Group. In 2010, China mined 3.7 million tonnes of zinc, accounting for 30 percent of world mine output.
In late July 2011, Manicouagan completed a follow-up diamond drill program on its Kasagiminnis Lake Project to test for the down-dip extension of the encouraging results from the drill program carried out in April this year. The current drill program consisted of five holes KAS-11-10 to 14 totalling 1,095.3 metres. Four holes (KAS-11-11 to 14) all intersected the mineralized zone at depth. Assay results are expected by the end of August. Hole KAS-11-10 had to be abandoned due to ground conditions.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Aug. 15, 2011) – Selwyn Resources Ltd. ("Selwyn") (TSX VENTURE:SWN) is pleased to announce the final drill results from the Don deposit area at Selwyn Project, Yukon. The exploration drill results expand […]
TVI Pacific Inc. (TSX:TVI) (OTCQX:TVIPF) ("TVI" or the "Company") announced today that its Philippine operating affiliate, TVI Resource Development (Phils.), Inc. ("TVIRD"), completed its 23rd shipment of copper concentrate on August 8, 2011, and completed its 1st shipment of zinc concentrate on July 7, 2011.
Brigadier Gold's 2011 exploration program identifies the presence of a large-scale gold-silver-tin-tellurium mineralized epithermal system on the Incamayo project
The Company is pleased to announce that significant silver-gold mineralized intersections were evident in eight of nine drill holes on its recently completed exploration program on the Incamayo project in northwest Argentina. Silver-gold zones in the drill holes are often associated with base metals (zinc, copper, lead) and pathfinder elements (antimony, arsenic, bismuth, tellurium, thallium and mercury).
Think of Kazakhstan and thoughts might immediately turn to Borat.
Selwyn Resources Ltd. (TSX VENTURE:SWN) ("Selwyn") is pleased to inform investors that it has commenced exploration activities at the ScoZinc mine (formerly the Scotia mine) to provide infill definition drilling and to conduct near-mine exploration in support of the mine restart activities. Restart activities were initiated shortly after closing of the acquisition of ScoZinc Limited (see June 1, 2011 news release). ScoZinc Limited has entered into a drilling contract with Logan Drilling Group of Stewiacke, Nova Scotia. Two drill rigs are being mobilized to the ScoZinc mine for the commencement of diamond drilling.
Nautilus Minerals announced on Thursday that they were granted offshore exploration licences in Fiji. The Fijian Government has granted the company 14 special prospecting licences, covering a total of approximately 60,000 km2. The territory is considered highly prospective, having been the subject of marine research by Japanese, French and other scientific cruises in the late 1980s and early 1990s. The licences each have an initial term of two years.
The Web documentary "Welcome to Pine Point" by combining video, photographs, text, music and narration and then blurring the boundaries among them, pushes storytelling and documentary filmmaking into new territory. "Welcome to Pine Point" is the story of a small lead and zinc mining town in Canada's Northwest Territories that physically disappeared from the map after the mines closed in 1988. The first buildings were erected in 1952 and at its peak it had 1,200 inhabitants.
Xstrata has approved the commencement of an AUD47 million (USD50 million) pre-feasibility study into the development of a large multi-commodity open pit mine on the existing Xstrata Mount Isa Mines footprint. In a joint statement, Xstrata Zinc Australia Chief Operating Officer Brian Hearne and Xstrata Copper North Queensland Chief Operating Officer Steve de Kruijff said the development of a large scale zinc-lead-copper pit has the potential to extend the life of the combined operations to beyond 2060.
A First Nation in British Columbia says it has put off plans to sign a mining exploration agreement because of a continuing blockade by two other native bands.
Lundin Mining is once again the target of takeover speculation, after the Daily Telegraph fed the rumour mill with talk of JP Morgan advising BHP Billiton and Belgian zinc miner Nyrstar on a joint bid for Lundin. The market reacted favourably to the speculation on Tuesday, bidding up the stock by 14.5% on the TSX, but seasoned investors in Australia say a takeover by BHP is likely not in the cards.
Horsehead Holding Corp. (Nasdaq: ZINC) reported that consolidated net earnings were $6.3 million, or $0.14 per diluted share, for the second quarter of 2011, excluding noncash mark-to-market adjustments after taxes of $9.9 million, or $0.23 per diluted share, related to recently completed hedges.
Bloomberg reports that zinc plunged to the lowest level since November.
North Korea Times At 3:37 a.m. EDT, shares in Lundin were up 2.5 percent at 31 Swedish krona, easing off earlier highs as the market dipped back after a recovery in early trade following days of heavy losses in the mining sector on the back of demand
Shares of North American base metal miners tumbled on Monday along with the price of copper, zinc, and nickel after the downgrade of the U.S. credit rating by S&P amplified fears of a global economic slowdown.
Managing-Director of Qeshm Zinc Smelting Complex Mehdi Kalateh announced that Iran's Qeshm Island in the Persian Gulf exported over 20,000 tons of zinc ingots in the last Iranian year
Bloomberg reported that Minmetals Resources Limited zinc production fell 13% in the Q2 because of lower grades at the Golden Grove mine in Western Australia.
Dow Jones reports resource nationalism is the top business risk for the top 30 global miners, while supply capacity constraints ranging from skills shortage to infrastructure bottlenecks continue to dominate the top ten list, according to an annual survey by consultants Ernst & Young. Resource nationalism jumped to the top of the list this year from fourth in 2010 after 25 countries announced their intentions to increase their take of the mining industry's profits and others contemplate outright nationalization. Fraud, bribery and corruption sneaked onto the list of top concerns for the first time as a number of countries introduce or tighten rules for executives operating in countries that rank high on corruption indices.
Baja Mining Corp. on Thursday provided a project update for its 70% owned Boleo copper-cobalt-zinc project, located near Santa Rosalia, Baja California Sur, Mexico. The Company has started to receive underground mining equipment in line with September's scheduled start of underground mining.
A Yukon mining company Procon Mining and Tunnelling pleaded guilty Tuesday to two counts of breaching safety regulations in connection with the death of a young apprentice mechanic nearly two years ago.
Production of Peru's gold, copper, silver and zinc fell in June, continuing a trend of lower output this year, the The Ministry of Mines and Energy said Wednesday. Silver production in Peru, the world's largest producer of that precious metal, fell 22.34% in June to 252,331 kilograms, compared to the prior year's period. Copper production decreased 6.43% to 101,562 metric tons in June on declines at Southern Copper Corp., Antamina and Xstrata's Tintaya mine. Zinc production was 104,498 tons in June, down 22.57% from the year-earlier period while gold output declined more than 5%.