Zinc Mining News

Lift off for Xstrata underground project

Swiss mining giant Xstrata Zinc has begun construction on its A$246 million Lady Loretta zinc, lead and silver underground mine. The mine, located in 140 kilometres north Xstrata’s Mount Isa operations in Queensland, has been scheduled to be in production by the end of 2013.

Zinc lozenges can cut common cold duration by 40pc

Sucking on zinc lozenges can cut the duration of common cold episodes by up to 40 percent, according to a new study. Interest in zinc lozenges started in the early 1980s from the serendipitous observation that a cold of a young girl with leukemia rapidly

Xstrata to build new zinc mine

Xstrata Zinc has announced construction will begin immediately to develop the $246 million Lady Loretta mineral deposit located 140 kilometres north west of Mount Isa.

Uranium exploration hotspots

Uranium exploration may be described as a combination of science and art with many projects designed from geological concepts and broader based reflections involving a variety of field and laboratory work in addition to more detailed economic feasibility assessments.

Undersea mining moving forward: DFI releases world's first marine NI 43-101

The race to mine the seafloor took another step forward today. Diamond Fields International said it has completed the world's first NI 43-101 compliant resource estimate for its Atlantis II sea-floor deposit, located about 115 kilometres from Jeddah in the Red Sea. DFI has been exploring the deposit with joint venture partner Manafa International.

Xstrata Zinc to develop Lady Loretta deposit in AUD246m project

Xstrata Zinc announces the commencement of construction to develop the high grade zinc-lead-silver Lady Loretta deposit in north-west Queensland, Australia, as a new greenfield underground mine.

Sterlite Industries (India): Metal production up 4% in Q1

Sterlite Industries (India) Limited (SIIL) today announced its unaudited consolidated results for the first quarter (“Q1”) ended 30 June 2011.

Canada makes a deal a day as mining M&A head towards $200 billion

The value of mergers and acquisitions in the mining sector more than doubled to $96.3 billion in the first six months of the year and could top $200 billion for the whole of 2011 says a new research report. Canadian companies – both as acquirers and as the targets of buyers – dominated corporate finance activity in the first half shaking on more than a deal a day and at 325 deals accounting for almost two-thirds of all the metals and minerals transactions carried out around the world.

Metals-Energy Update: Zinc shines; gold and silver looks promising

At the beginning of the week, commodity markets the world over were eying the Euro summit. At MCX, speculations of a failure saw precious metal prices rise whereas the base metals and energy went down. As the week went by, the concerns abated seeing the

Thundermin executes formal agreement to earn a 100 pct interest in a large portion of the stirling zinc

Thundermin Resources Inc. ("Thundermin") (TSX:THR) announces that it has executed a formal agreement (the "Agreement") with two vendors (the "Vendors") giving Thundermin the right to acquire a 100% interest in eight Exploration Licences (404 claims over 64.6 km²) (the "Stirling Property") which cover a large portion of the Stirling volcanogenic massive zinc-lead-copper-silver-gold sulphide belt located on Cape Breton Island, Nova Scotia (see Thundermin's news release dated June 23, 2011 for additional details on the terms of the Agreement and the Stirling property).

Zinc tungstate nanorods show promise as higher-capacity anode materials for Li-ion batteries

Researchers in S. Korea have synthesized a divalent wolframite-structure zinc tungstate (ZnWO4) in the form of one-dimensional nanorods; used as anode material in Li-ion batteries, the nanorods deliver reversibly sustained high capacities of more than 420 mAh g–1 after 150 cycles—much higher than the capacities of graphite-based anodes which are limited to 372 mAh g-1.

Lundin revises production downward after hitting poor grades at Neves Corvo

Neves Corvo, Ludin Mining's copper-zinc mine located in Portugal, will produce 4,000 tonnes less copper and 19,000 tonnes less of zinc in 2011. The cash cost of production at the mine will also climb from $1.40 to $1.65. Neves Corvo, which accounts for most of Lundin's copper output, was expected to produce 76,000 tonnes of copper and 25,000 tonnes of zinc. The outlook has now fallen to 72,000 tonnes of copper and 6,000 tonnes of zinc. However, zinc production at the company's Irish mine, Galmoy, was expected to rise from 17,000 tonnes to 28,000 tonnes.

Salazar reports gold-silver mineralogical study of El Domo VMS deposit

Salazar Resources Ltd. CA:SRL +2.38% (frankfurt:CCG) - Mr. Fredy Salazar, President and CEO, is pleased to provide an update on the progress of a precious metals mineralogical study of the El Domo volcanogenic massive sulphide deposit being carried out by Surface Science Western (SSW) in London, Ontario under the supervision of Kevin Scott, P. Eng., of Roscoe Postle Associates Inc. (RPA).

Azimut discovers a new copper-molybdenum zone at Rex, Nunavik, Quebec

Azimut Exploration Inc ("Azimut" or "the Company") (TSXV: AZM) announces the discovery of a new mineralized 1.5-km-long copper-molybdenum zone on its 100% owned Rex property in Nunavik, northern Quebec. This latest zone (the Robinson Zone) further supports the excellent exploration potential for large-scale polymetallic deposits in a region considered by Azimut to be a new mineral belt of major importance.

Paradigm Metals Limited (ASX:PDM) discovered more copper-silver at Frogmore Project

Paradigm Metals Limited (ASX:PDM) is pleased to report further reverse circulation (RC) drill hole intersections of copper-silver at the Company's 100%-owned Frogmore project, EL 6590, New South Wales. Frogmore is located 25km northeast of the township...

Commodities rise after Greek plan details emerge

Financial markets — including commodities — surged after details from the highly-anticipated EU Summit were released. Germany's demand that private investors be a part of any Greek bailout, which will likely be considered a partial default by ratings agencies, seems to have been met.

Mindoro intersects high-grade copper at Pan De Azucar and plans to drill high-grade gold targets at Lobo

Mindoro Resources Ltd. (TSX VENTURE:MIO) (ASX:MDO) (FRANKFURT:WKN 906167) today announced further positive and encouraging copper-gold results from its Pan de Azucar Project in the Philippines, including PDA-28: 3.9 meters of 5.3 percent copper, 0.78 g/t gold, 55.7 g/t silver, 5.11 percent zinc from 9.2 meters and 54.8 meters of 1.17 percent copper and 0.77 g/t gold from 20.75 meters.

Chinese investor plans Meridian takeover

NineMSN reports that shares in Meridian Minerals (ASX:MII)jumped after a Chinese state-owned entity, revealed plans to takeover: Shares in Meridian Minerals jumped after the junior explorer's largest shareholder, a Chinese state-owned entity, revealed plans for a $67.5 million takeover offer. Meridian shares were up one cent, or 8.7 per cent, at 12.5 cents at 1343 AEST after an earlier high of 13 cents.

Full Metal Zinc appoints Al Paterson to Board of Directors and grants stock options

Full Metal Zinc Ltd. (CVE:FZ) reports Al Paterson has joined its board of directors and it has granted stock options to employees.

Canada stocks gain on strong commodities

Strong metal and oil stocks lift the TSX Composite Index Tuesday as the loonie rallies on expectations of eventual rate hike.

Zinc gains on weak US dollar

Zinc prices gained on falling Dollar and rising EURO on the back of easing tensions of US quantitative easing. Dollar has so far lost 82 pips and is trading at 1.418 per EURO.

Canada Zinc Metals reports on activities at the Akie Project (FILSRCCA)

Canada Zinc Metals Corp. (CZX - TSX Venture), is pleased to provide an update on exploration activities on its 100% owned Akie property, which hosts the Cardiac Creek SEDEX Zn-Pb-Ag deposit. The property is located approximately 260 kilometers

Commodities 2011 halftime report

Commodities don’t all perform in the same way. In any given year, a particular commodity will go gangbusters and outperform the group.

Commodities giant Glencore buys majority in Peru's Mina Justa copper mine for $475 million

Commodities giant Glencore says it is buying a majority stake in Peru's Mina Justa copper mine for $475 million. Swiss-based Glencore International PLC said Monday the purchase of a 70 per cent stake in Marcobre SAC from CST Mining Group Limited is subject to inspection of the books and price adjustment.

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.