Tamerlane Ventures Inc. of Toronto, Canada declared that it has asked Oneida County to consider its proposal for exploration and possible development of minerals at the former Noranda Lynne zinc deposit site in the Town of Lynne. For full story, click here
Zinc futures surged by 1.63 per cent in morning trade on the Multi Commodity Exchange today as traders covered up part of their outstanding positions at lower levels on expectations of a pick-up in demand in the spot markets. For full story, click here
Terramin Australia Ltd., an Australian zinc and lead producer, will commence financing talks in China next month for its planned $266 million Tala Hamza zinc and lead mine in Algeria. For full story, click here
Belgium’s Nyrstar, the world’s leading producer of zinc, declared that its zinc production dipped by 30 percent in the first quarter of 2009 from the final quarter of 2008 and that it planned further cost saving measures. For full story, click here
Chelyabinsk Zinc Plant, Russia’s top producer of anti-corrosive metal, declared that it has made a net loss of $105 million last year, mainly due to low zinc prices. For full story, click here
Zinc output at Australia’s Century mine dipped 1.8 percent to 101,961 tonnes in the first quarter due to the heaviest rains in a decade. For full story, click here
Inmet Mining declared its first-quarter profit dip 52 percent, hit hard by a year-over-year decline in copper and zinc prices. For full story, click here
Sterlite Industries India Ltd., the nation’s leading copper and zinc producer, a dip in profit for the third straight quarter after copper-refining fees failed to offset a dip in zinc prices. For full story, click here
Vedanta Resources has purchased a 9.5% equity stake in Canada’s Hudbay Minerals for an undisclosed amount. The equity stake was bought by Vedanta’s unlisted unit Lakomasko BV, which is based in Amsterdam. Vedanta spokesman Robin Walker stated: They do control that stake. It Lakomasko is an organisation that is controlled by Vedanta Resources. For full [...]
An Indian mining company purchased almost 10 percent of HudBay Minerals Inc., the Canadian zinc and copper producer that is evaluating its strategic options. For full story, click here
Thursday, April 30, 2009