June 24, 2011

Nyrstar formally commences $619mn bid for Breakwater Resources

As Nyrstar Resources Canada formally commenced its bid for Breakwater Resources, Breakwater's board declared a special dividend of C$0.50 for its shareholders.

June 24, 2011

Horsehead to have new, efficient and sustainable zinc plant from Tecnicas Reunidas

Horsehead Holding Corp is to proceed with plans to construct a new lower-cost, environmentally-friendly zinc production facility. The new facility will replace its older smelter technology and will significantly reduce…

June 23, 2011

Commodities fall most in seven weeks

Bloomberg reports that commodities dropped the most in seven weeks after the International Energy Agency announced plans to release emergency oil supplies.Gold for August delivery fell 2.4 percent to $1,516.60…

June 23, 2011

Share buy-back plan receives regulatory approval – Teck

The Diversified miner said Wednesday that regulators have approved a plan, that will take effect from June 27th, allowing the group to buy back as much as 6.9% of its…

June 22, 2011

Colibri reports more drill results at Ramard; 311 grams per tonne silver, 2% lead, and 3.4% zinc between 37 and 38 meters depth, plus multiple intervals of silver-lead-zinc.

Colibri Resource Corporation reports final results from a 2400 meter drill program at the Ramard silver project, in Sonora, Mexico. The Ramard property consists of over 4000 hectares of mineral…

June 22, 2011

Connemara Mining – preliminary results for the year ended 31 December 2010

Good results continue to flow from drilling in the Stonepark region in Limerick

June 21, 2011

LME board struggles to reform metals warehousing logistics

The board of the London Metal Exchange has been unable so far to reach agreement on a way to resolve aluminum access issues from warehouses owned by a unit of…

June 20, 2011

Alexco restarts mill at Bellekeno silver mine after 3-day power cut

After three days without power, Alexco Resources (TSX: AXR) said that electricity is once again flowing and that it had re-started the mill at its Bellekeno silver-lead-zinc mine in the…

June 19, 2011

First decline in 2 years in Chinese car sales worries zinc market

Reuters reports that zinc prices ended May slightly firmer, recovering from an early rout but the prospect of a sizeable supply surplus this year and next will continue to weigh…

June 17, 2011

Belgium’s Nyrstar makes friendly C$619mn all-cash bid for Canada’s Breakwater

After talks began last September and no other offers materialized, Canadian zinc miner Breakwater Resources (TSX: BWR) announced early Wednesday that it had accepted Belgium based metals producer Nyrstar NV…