July 16, 2011

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…

July 16, 2011

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…

July 15, 2011

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…

July 15, 2011

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…

July 13, 2011

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…

July 13, 2011

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…

July 13, 2011

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…

July 12, 2011

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.

July 12, 2011

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…

July 11, 2011

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.