A mineral exploration company, Canada Zinc Metals Corp. (CZX – TSX Venture) has announced a private placement of 5,000,000 Units at a price of $0.60 per Unit for gross proceeds of up to $3,000,000. Peeyush Varshney, CEO & Chairman is quoted saying: “All of the company’s claims (77,889 Ha), with the exception of a small [...]
Glencore International AG, world’s largest commodities trader, has reported that its Q1 income rose to 75 percent due to higher average prices of zinc, nickel, and copper. Miriam Hehir, a credit analyst at RBC Capital Markets is quoted saying: “Unlike the Swiss cheese, there are no holes to pick with Glencore’s first-quarter results.” Click here [...]
Meridian Minerals Limited declared that it will purchase a package of zinc lead tenements containing existing JORC-compliant resources in the Lennard Shelf region of Western Australia from the Xstrata Zinc/Teck Cominco Limited JV Company, Lennard Shelf Private Limited. For full story, click here
Canadian base-metals producer HudBay Minerals announced that it has posted a C$4-million net loss for the first quarter of 2009, compared with C$216-million profit a year earlier. For full story, click here
OZ Minerals Limited declared that output from Australia’s giant Century zinc mine dipped 1.8% to 101,961 tonnes of contained metal in the Q1 from 125,333 tonnes in the previous quarter. It declared that the fall was due to wet weather. 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
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
OZ Minerals Ltd., the world’s second-leading zinc mining company, climbed 7.1 percent to 67.5 cents, the highest since Nov. 18. For full story, click here
Iberian Minerals Corp. announced that Victoria Vargas is no longer with the Company, effective immediately. The Company wishes her well in her future endeavours. For full story, click here
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
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