Category: Zinc

Canada's Monarca to acquire San José project in Mexico

Monarca Minerals (TSXV: MMN) entered into an option agreement to acquire a 100% interest in the 5,580-hectare San José project located in Chihuahua, northern Mexico. To go ahead with the deal, Monarca will pay a total of $150,000 to the...

/ June 5, 2019

Top miners saw positive FY2018

Large diversified miners saw another 12 months of consistently increasing profit margins and cash flows in FY2018. According to Fitch Solutions, the positive numbers are a result of miners streamlining their operations, cutting debt and expenditures, increasing production efficiencies, and...

/ May 13, 2019

Indian zinc miner sees output rebounding in 2019/20 financial year

India’s Hindustan Zinc Ltd (HZL), the world’s second largest zinc miner, expects its output to grow in 2019/20 after a drop in the previous financial year, a senior executive said, a move that could put pressure on global prices. The...

/ May 3, 2019

Trafigura to take over world's second-largest zinc smelter

Trafigura Group Ltd. will take control of Nyrstar NV, Europe’s biggest zinc smelter, as part of a deal to restructure the struggling company’s debt and steer it away from bankruptcy. Under the agreement, Trafigura — Nyrstar’s main shareholder as well...

/ April 29, 2019

Waterton takes Hudbay Minerals to court

Hudbay Minerals’ (TSX, NYSE: HBM) second-largest investor, Waterton Global Resource Management, has filed a lawsuit against the Canadian miner in a bid to constrain its ability to solicit proxies. Waterton alleges that the company’s management information circular in respect of...

/ April 29, 2019

Australia's flood-damaged Mt Isa zinc railway to reopen April 29

A railway that carries zinc from major producers such as Glencore across Australia’s Outback is expected to reopen this month, Queensland’s transport minister said on Tuesday. “Every resource has been made available to accelerate recovery works,” Mark Bailey said in...

/ April 28, 2019

Zinc bears on the attack again after LME stocks rise

Zinc is coming under sustained attack from bearish funds. The trigger for the assault was Tuesday morning’s London Metal Exchange (LME) stocks report, showing 10,625 tonnes of inflow into exchange warehouses. The London zinc price slumped from $2,867.00 per tonne...

/ April 27, 2019

Quebec pension fund boosts share position in Osisko Metals

La Caisse de Depot et Placement du Quebec has acquired an additional 1 million shares in Osisko Metals (TSXV: OM), which is developing two zinc mining camps in Canada. The Quebec pension fund has been a strategic partner and shareholder...

/ April 27, 2019

Anglo steps up defense to repel Agarwal's interest: Telegraph

Anglo American Plc (LON:AAL) has hired three investment banks to fend off a potential takeover bid from the billionaire owner of Vedanta Resources Ltd (LON:VED), Anil Agarwal, the Telegraph reported, citing unidentified people. Agarwal has previously stated he had no...

/ April 26, 2019

Teck Resources beats profit estimates on energy business

Canadian miner Teck Resources Ltd , the world’s second-biggest exporter of steelmaking coal, reported a better-than-expected quarterly profit on Monday, boosted by its energy business and a slight increase in commodity prices. The miner said even though commodity prices were...

/ April 25, 2019

Canada’s mining sector at a crossroads — report

Canada’s mining sector is going through dramatic change, but the industry remains bullish on growth, KPMG International’s latest global mining risk report finds. While recent merger and acquisition transactions have raised concerns about the future of Canada’s mining sector, domestic firms...

/ March 1, 2019

Mining stocks rally as copper price hits 7-month high

On Wednesday, hopes that an escalation of the trade war between the US and China can been avoided (or at least postponed) sparked a massive rally in mining stocks – already buoyed by climbing metals prices. US President Donald Trump...

/ February 21, 2019