Connemara Mining will commence drilling at Zinc Property in Limerick

Connemara Mining Co PLC declared drilling is scheduled to commence later this month on the Connemara ground in Limerick, where Terck Resources are operators and hold a 75 percent interest. For full story, click here

Zincorp Resources has intersected 9.40 metres of 5.36% Zinc

Zinccorp Resources Inc. declared results from an exploratory diamond drilling program and an early-stage prospecting and sampling program at its wholly owned Michelle Property in central Yukon Territory. For full story, click here

Vedanta Resources purchased 9.5% stake in Hudbay Minerals

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 [...]

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 [...]

HudBay Minerals Inc. and Skye Resources Announces Proposed Business Combination

HudBay Minerals Inc. and Skye Resources Inc. announced that they have entered into a definitive agreement to combine their respective businesses. For full story, click here    

HudBay Minerals Inc. and Skye Resources Inc. announced that they have entered into a definitive agreement to combine their respective businesses. For full story, click here

HudBay Minerals Inc. and Skye Resources Announces Proposed Business Combination

HudBay Minerals Inc. and Skye Resources Inc. announced that they have entered into a definitive agreement to combine their respective businesses. For full story, click here

Output cuts and layoffs hit zinc and lead miners

By Leia Michele Toovey- Exclusive to Zinc Investing News At current price levels, approximately 50 per cent of the world’s zinc producers are under water. Zinc MZN3, mainly used as an anti-corrosive in galvanized steel, is currently selling for around US$1,120.00 per tonne, less than half the metal’s January value. Lead prices are not fairing [...]

Vedanta Resources: Profit declined by 24.7%

Profit declined by 24.7% at India-focused miner Vedanta Resources in the 6 months to 30 September and earnings fell 7% due to lower zinc prices and higher costs. Anil Agarwal, chairman of Vedanta Resources, said: In these challenging and uncertain markets, the group has produced a strong performance and we continue to make progress on our key strategic [...]

Zinc and lead chase stock rally

By Leia Michele Toovey- Exclusive to Zinc Investing News Shanghai zinc opened at its upside limit of 4 per cent on Thursday, chasing the stock rally in the US and London. The rally was inspired by a US rate cut causing a short term bubble in the commodity prices. Later, prices came back to reflect [...]