Zinc Mining News

Robots under Swedish forest breathe life into ancient mines

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.

Glencore to spend $956M to increase stake in Peru's largest zinc producer

The company will pay between $531 million and $956 million depending on the offer's level of acceptance by Volcan shareholders.

Canadian steel producer Stelco plans $150-million IPO

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.

Zinc deficits persist in the short term: BMI

A new report from BMI Research states that the global refined zinc market will remain in deficit over the next few years

Nickel prices drag Canadian Mining Eye Index down

After an 11% increase in 2017’s first quarter, the Canadian Mining Eye index dropped 7% in the second quarter, according to professional services firm EY.

Central Asia Metals to buy Lynx Resources for $402m

The deal is expected to be both earnings- and cash-flow-per-share-accretive in the first full year, the company said.

Brazil's Votorantim Metais files for New York, Toronto IPO

Brazil-based mining company Votorantim Metais Holding SA filed on Thursday for an initial public offering in New York and Toronto, to tap into a wide base of investors betting on a long-term recovery in zinc, copper, lead and silver prices.

Eldorado defers decision to halt operations in Greece as talks with Gov’t begin

Company said it preserved the right to shut down operations in the country and to take legal actions to protect itself and its assets should the dialogue with the ministry of energy and environment fails.

Greece tries making peace with Eldorado, grants final permits for Olympias

While the company can now proceed with development of Olympias, is still awaiting permits for its Skouries project, the main bone of contention with Greek authorities.

Greece kicks off arbitration process over Eldorado Gold’s projects

Greek government alleges a technical study for the company’s Madem Lakkos metallurgical plant is deficient and thereby violates environmental terms.

The $10 trillion mineral resources North Korea can't tap

North Korea may not have proved petroleum reserves, but it's estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated up to US$10 trillion.

Greece grants permits for Eldorado after miners clash with police

The miners from the Eldorado Gold mine in the Halkidiki region were protesting looming layoffs as the company said Monday it would suspend all operations in Greece.

Fireweed Drills Wide High Grade Mineralization at Macmillan Pass Project including 10.20% Zinc, 6.28% Lead and 87.7 g/t Silver over 24.4 meters (True Width)

“We are excited to see these results not just confirm the historic grades, but also exceed them significantly in places.”

Eldorado Gold to halt all operations in Greece

Citing delays in permits from the Greek government, the company said no additional investment would be made into the Olympias and Skouries projects or the Stratoni mine, which it acquired in 2012.

The oil market is bigger than all metal markets combined

Ever since the invention of the internal combustion engine, oil has been one of the most crucial commodities on Earth.

Newly IPO'd Fireweed Zinc talks about its Yukon project

The Canadian junior recently started a six-week drilling program at its Macmillan Pass Project located 200 kilometres northeast of the town of Ross River in Yukon

10% of Mexico’s territory available for mining

Active mining concessions add up to 25,716

Canada’s Trevali among world’s top zinc producers with Glencore mines buy

Acquisition makes of the Canadian miner one of the few multi-asset, low-cost global zinc producers.

Greece to begin arbitration process over Eldorado mine plans next month

Government said it expects to settle its differences with the Canadian miner, which is developing the Skouries and Olympias projects in northern Greece, where it also operates the Stratoni mine.

EY's Canadian mining eye index sees struggles in Q2

The loss was in part due to weakness in the price of nickel, with zinc remaining flat and copper seeing a slight increase.

Worker dies at Eldorado Gold Skouries project in Greece

Contractor employee was struck by a branch from a falling tree, resulting in fatal injuries.

Brazil to redo Amazon mining decree after criticism

Brazil's government will revise a decree that opened up a vast mineral reserve in the Amazon rainforest to mining responding to overwhelming criticism.

China's metals trade fragments into multiple narratives: Andy Home

China's metals trade figures were once a spotlight on the state of the world's manufacturing engine and price driver.

The base metal breakout – industrial commodities threaten their decade-long downtrend

Base metals are showing signs of real strength, with prices across the complex breaking out, or threatening to do so.

Vedanta's zinc unit gets helping hand from China, Q1 earnings rise

Diversified miner Vedanta Resources' first-quarter core earnings rose about 48 percent on higher zinc production, with renewed demand for the metal driven by higher steel production in China.