GRAPHIC: More zinc mine suspensions loom if prices stay below $2,400/t
Weak demand from the construction industry has pushed zinc prices to levels which leave some miners with little or no profit.
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Mining People: FPX Nickel, Moneta Gold, Piedmont Lithium, Teck, Avino, Goldstorm, Int’l Tower Hill
Key moves in the mining sector.
Unusual financing model to back Sweden’s largest solar park
The Hallstaviks solar park, Sweden’s largest, will be the country’s first solar asset financed with a dedicated non-recourse debt facility.
Methane gas explosion killed 31 in disused South African mine
Harmony Gold, the previous mine owner, said the incident was a criminal matter, which it handed over to police for further investigation.
Newmont declares force majeure on Peñasquito deliveries
The contract clause has been applied to some customers and affects only certain mine products, Newmont said.
OPINION: DRIPA, mining and a glimmer of fool’s gold in British Columbia
BC mineral staking is like online gaming.
Lithium producers warn global supplies may not meet electric vehicle demand
Even if more lithium mines are built, there are not enough facilities to produce specialized types of the metal for batteries.
UK regulator was missing in action at start of nickel crisis, filings show
As nickel prices surged and for hours after a large Chinese bank missed a margin call, the Financial Conduct Authority was largely passive in its interactions with the LME.
Site visit: Allegiant Gold’s Eastside project in Nevada shows promise
Company plans to undertake 4,015 metres of reverse circulation drilling across 11 holes this year, targeting resource expansion and exploring new prospects.
