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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...