Zinc Hits Four Month High
Zinc hit a four month high in early trading as economic data out of the world’s two largest economies, the United States and China, bolstered overall market sentiment.
Zinc Surplus Keeps a Lid on Prices
Zinc has been the metal to witness the biggest gains over the past month, rising 5.5 percent to beat out counterparts copper, aluminum, and nickel.
Irish Zinc Discoveries
Irish zinc explorer, Connemara Mining has discovered two high grade zinc and lead mineralizations that could lead to the opening of one of Ireland’s largest mines. With an estimated 2 million tonnes of zinc ore, Ireland is considered to possess the ninth largest volume of reserves in the world.
Galvanizing African and Irish Zinc Resources
The world's largest zinc producer, India-focused mining group Vedanta Resources solidified its top position on May 10 announcing the purchase of Anglo American's zinc assets in Africa and Ireland. Obtaining 11 percent of global zinc production by increasing its capacity by 37 percent, the company expects to make a positive return on its investment within 3 years.
Canadian Miners Tune Into Zinc
Friday, November 6, 2009
By Kishori Krishnan Exclusive To Zinc Investing News Its a modern day gold rush, the likes of which the northern Manitoba town has not seen for a while. HudBay Minerals Inc is to commence construction on what is anticipated to become the biggest gold and zinc mine in Canada. The site is about 700 kilometres [...]
Xstrata Zinc Terminates Letter of Intent in Respect of Proposal for NIF
Noranda Income Fund and Xstrata Zinc (LSE:XTA) announced that they had entered into a non-binding letter of intent with respect to a potential acquisition of the Fund by Xstrata for a cash consideration of C$3.40 per Priority Unit.
Lundin Announces Amendment to Credit Agreement to Increase Facility to US$300 Million and Extend Term to 2013
Lundin Mining Corporation (TSE:LUN) announced that it has executed an amended and restated credit agreement that increases the amount of its revolving credit facility to US$300 million from $225 million, reduces its costs of borrowing and extends the term of the Facility to September 2013 from May 2012.
Donner Metals Ltd.: Inferred Resources at Bracemac-McLeod Expand by 2.07 Million Tonnes of Massive Sulphides
Donner Metals Ltd. (CVE:DON) reported that the Company has received a NI 43-101 compliant inferred resource for the McLeod Deep Zone from its partner Xstrata Canada Corporation – Xstrata Zinc Canada Division on the Matagami Project in central Quebec.
Endeavour Silver Identifies Three New Silver Veins
Endeavour Silver Corp. (TSE:EDR, NYSE Amex:EXK) announced that it has identified three new silver veins and acquired three new mining properties in the San Pedro area of the Guanacevi silver district in Durango State, Mexico.
Hudson River Intersects Gold, Copper and Zinc Mineralization Near McFaulds Lake
Hudson River Minerals Ltd. (CVE:HRM) announced the assay results from its recent drilling program southwest of McFaulds Lake. All three drillholes encountered anomalous copper (Cu) and zinc (Zn) mineralization with two holes returning anomalous gold (Au).
Rio Cristal Resources Completes US$3,284,098 Financing
Rio Cristal Resources Corporation (CVE:RCZ) announced that it has completed a non-brokered private placement of 38,636,450 units of the Company at the price of US$0.085 per Unit, each Unit consisting of one common share and one-half warrant for total proceeds of US$3,284,098.
First Metals Inc. Receives Indenture Default and Interest Forbearance from Majority of Bond Holders
First Metals Inc. (TSE:FMA) announced that the Corporation has received a forbearance from the majority of bond holders until November 1st, 2010 allowing debt restructuring discussions to progress and continued discussions with Kaskattama Inc.
Xtierra Reports Half Year Ended June 30, 2010
Xtierra Inc. (CVE:XAG) reports that it has filed its second quarter and half year results for the six months ended June 30, 2010. All dollar amounts are expressed in U.S. dollars until otherwise noted. For complete news release, click here. For Xtierra’s company profile, click here.
Excellon Seals Water Inflow at Platosa
Excellon Resources Inc. (TSE:EXN) announced that it has successfully sealed the water inflow encountered during normal mine development on August 18th.
Callinan intersects 3.36 g/mt of Gold over 21.25m at Coles Creek
Callinan Mines(CVE:CAA) reports the intersection of gold and silver bearing mineralization on their Coles Creek property. Assays of samples from diamond drill hole COLE 28 have confirmed an intersection of 21.25 meters of core length grading 3.368 g/mt gold, 15.33 g/mt silver, 2.04% zinc and 0.15% lead. Callinan’s President and CEO, Mike Muzylowski says: “These assay [...]
- Constantine Metals – New VMS Discovery
- Excalibur Resources – VMS project in Ontario, Historic property in BC
- Tarsis Resources – Zinc, Gold, Silver exploration in the Yukon and Mexico
- Xtierra Inc. – Developing Mexican Silver-Zinc Production
Asides 
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Thursday, September 2, 2010