Category: Zinc

Rio Tinto becomes sole owner of Pistol Bay uranium assets in Canada

Rio Tinto (LON:RIO) has become the sole owner of Pistol Bay Mining’s. (TSX-V: PST) uranium assets in the Athabasca Basin of Saskatchewan, Canada, by making a final payment of $1 million in cash. With the acquisition, the world’s second largest miner is...

/ February 13, 2018

Pile-of-cash dilemma for mining industry once crippled by slump

Three years after a commodity slump left their finances in shambles, mining companies are swimming in so much cash that investors aren’t sure where the industry will spend it all. With metals from zinc to palladium trading at multi-year highs,...

/ February 6, 2018

Zinc price will vault $4,000 within months – report

Zinc pulled back on Wednesday to below $3,400 a tonne, but stayed within shouting distance of the best levels since August 2007 as worries about global stocks of the metal, mainly used in galvanizing steel, continue to support prices. In...

/ January 25, 2018

European metals technology companies want to lead anti-corruption fight

Following the 2016 launching of the Collective Action Initiative for the Metals Technology Industry, the program announced today that it has added Techint Group’s Tenova S.p.A. as a new member. Tenova is a mechanical engineering company for the steel and...

/ January 16, 2018

Zinc prices hit highest in over a decade on supply concerns

LONDON, Jan 5 (Reuters) – Zinc hit its highest in more than a decade on Friday as concerns over market tightness persisted, while copper hit a two-week low as Chinese investor interest was muted with the Lunar New Year holidays...

/ January 8, 2018

Peru’s environmental deregulation to spur more mining-related protests: analysts

The Peruvian government might have to deal with more mining-related social protests in 2018, says a risk brief published today by Verisk Maplecroft. According to the firm, if 2017 saw several projects slowing down or stopping due to the 171...

/ January 6, 2018

Silver-lead-zinc-mine to re-open in New South Wales

One of 12 sandstone sculptures in the Living Desert Reserve, Broken Hill, NSW, Australia. Image by Craig Gibson via Flickr Creative Commons license.  The town of Broken Hill, New South Wales, will have something to shout about in the new year....

/ December 30, 2017

As Glencore restarts capacity, is time up for zinc rally?

Column by Andy Home LONDON, Dec 14 (Reuters) – When Glencore announced it was curtailing 500,000 tonnes of capacity at its zinc mines in October 2015, the price of three-month zinc on the London Metal Exchange was $1,700 per tonne....

/ December 15, 2017

Want to make money in industrial metals next year? Ask China how

China supply-side reform holds the key to metals’ outlook Copper, aluminum, steel fundamentals among most discussed (Bloomberg) — Base metals have been hot this year with zinc, copper and aluminum among the leaders, climbing between 15% and 23%. But what...

/ December 14, 2017

Glencore's marketing division EBIT to come in at top of range

LONDON, Dec 12 (Reuters) – Miner and trader Glencore said its marketing division’s EBIT (earnings before interest and tax) for 2017 would be at the top end of its previous guidance at $2.8 billion, adding it was maintaining a policy...

/ December 13, 2017

Wisconsin to lift sulphide mining ban

Wisconsin to lift sulphide mining ban 20-year moratorium targeted metal mines with the potential for acid rock drainage Andrew Topf | Dec. 10, 2017, 3:40 PM | | Photo of a pond off Lake Superior in northern Wisconsin by chumlee10...

/ December 11, 2017

Glencore, Canadian teachers launch mining royalty firm

Swiss miner and commodities trader Glencore (LON:GLEN) and Canada’s third largest pension fund are launching a new base-metals royalty firm, named BaseCore Metals, the companies said Tuesday. Glencore Canada and the Ontario Teachers’ Pension Plan, which manages benefits for retired for...

/ December 6, 2017