Rains have cut Australia’s Century Zinc Mine Output
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
Articles Tagged "australia"
China nonferrous smelter will acquire stake in Australian zinc miner
China Nonferrous Metal Industry’s Foreign Engineering and Construction Co. declared that it will subscribe for 15.5 million shares of Terramin Australia Limited, a lead and zinc mining firm in Australia. For full story, click here
China Minmetals purchase OZ Minerals’ mine
China Minmetals, the nation’s biggest metals trader announced that it has agreed to purchase most of debt-laden OZ Minerals’ mines for $2.15 billion after Australia last week blocked a takeover on national security grounds. For full story, click here
Terramin Australia obtains finance for zinc project
Terramin Australia reported that it has locked in $46 million in financing for its Algerian zinc project, putting a rocket under the company’s shares. For full story, click here
Zinc miner OZ Minerals nose dives in a rising market
Shares in troubled mining house OZ Minerals Ltd declined 11% today in what was one of Australia’s most positive share trading days this year - primarily due to fears that the rescue package by China’s parastatal Minmetals may be delayed. For full story, click here
Xstrata says rains hit Australia zinc mines
Xstrata Ltd said on Wedenesday mining and transport operations were being disrupted by heavy rains in Australia’s Queensland state. For full story, click here
Output cuts extend through lead and zinc industry
By Leia Michele Toovey- Exclusive to Zinc Investing News The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines on-stream. Some existing producers have also shut down or curtailed output at mines and plants as high costs and low prices [...]
Survival of the fittest for lead and zinc miners
By Leia Michele Toovey- Exclusive to Zinc investing News For the first quarter of 2009, the mantra of many lead and zinc miners is “survival”. After the price crash of 2008, many miners have gone underwater. This is forcing cutbacks, closures, acquisitions, and even some bankruptcies. There is no question that prices will rebound as commodity cycles are [...]
Cutbacks make way for zinc boom
By Leia Michele Toovey- Exclusive to Zinc Investing News The recent price crash in the metals means that many miners who were once raking in cash are now cutting output and suspending operations just to stay afloat. Analysts are already bracing for metal prices to skyrocket when demand recoups. The mining boom we just witnessed [...]
Carbon tax could bankrupt Australian lead and zinc
By Leia Michele Toovey- Exclusive to Zinc Investing News Australia’s carbon tax program may force miners into bankruptcy. Nyrstar, the countries largest zinc and lead miner, issued a response to the governments proposed taxation scheme. Chief Operating Officer Greg McMillan said modeling prepared for the company showed that the taxation would cost the company $70 [...]
