Zinc companies in Peru, the world’s third-leading producer, will look to sell more concentrates overseas after the government said smelter Doe Run Peru may file for bankruptcy. For full story, click here
Peru’s stock market indexes soared Monday, lifted by surging mining companies and a sharp gain in various blue-chip shares, following the gains on Wall Street. For full story, click here
Peru, a leading global metals exporter has seen its copper and zinc outputs dip in March from the same month a year ago, while gold and silver production surged. For full story, click here
Doe Run Peru is reported to have reached an agreement with suppliers to resume operations after banks halted funding to the lead and zinc refiner. For full story, click here
Renco Group Inc.’s Doe Run Peru unit, the country’s fourth-largest exporter reported shutdown of its zinc- and lead-processing plants after a group of banks froze its accounts last month, curtailing the nation’s metal supplies. Luis Castillo, general secretary of the Mining Federation, said: We will meet with Energy & Mines Ministry officials to find out [...]
Brazilian conglomerate Votorantim announced that it is moving ahead with plans to expand its Cajamarquilla zinc refinery in Peru despite low global metal prices. For full story, click here
By Leia Michele Toovey- Exclusive to Zinc Investing News Positive sentiment that spread through the markets during the week edged up most of the base metals. The U.K. benchmark FTSE 100 Index jumped 0.9 per cent and Japan’s Nikkei 225 Stock Average closed 2.7 per cent higher in Tokyo. Pessimistic data still came out of [...]
Peru’s government approved a law that changes how mining royalties are distributed in the Andean country, a major minerals producer, where protests over the rule have flared in recent months. Peru is the world’s second-largest producer of zinc. For full story, click here
Peru’s government approved a law that changes how mining royalties are distributed in the Andean country, Peru is the world’s second-largest producer of zinc. For full story, click here
By Heather Matthews – exclusive to Lead Investing News Base metals are continuing a downward spiral as the market reacts to the federal bailout plan and the general atmosphere of caution and unease. Base metal prices dropped on Wednesday, as September retail level reports (U.S.) were revealed, detailing reduced purchasing by consumers. After the report [...]
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