The world's largest zinc producer, India-focused mining group Vedanta Resources solidified its top position on May 10 announcing the purchase of Anglo American's zinc assets in Africa and Ireland. Obtaining 11 percent of global zinc production by increasing its capacity by 37 percent, the company expects to make a positive return on its investment within 3 years.
Global miner Xstrata has suspended underground mining at its George Fisher zinc operation in northern Australia after a worker died in an accident there. For full story, click here
Xstrata Zinc declared that its zinc in concentrate production surged by 21% in the Q1 of 2009 compared to the same period in 2008. For full story, 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
Xstrata Zinc has declared that its zinc in concentrate production risen by 21% in the Q1 of 2009 compared to the same period in 2008. Output increased due to the inclusion of the new Perseverance mine in Canada, which commenced production on 1 July 2008 and as a result of improved volumes at the majority [...]
Brunswick Mine has avoided any output curtailments during the slump ahead of its planned permanent closure next year, despite steps owner Xstrata Plc. has taken elsewhere. For full story, click here
Donner Metals holds a unique relationship with Xstrata Zinc Canada, a subsidiary of Xtrata PLC in the Matagami Mining Camp. Xstrata is already engaged in production of zinc from its Perseverance Mine at Matagami – the 11th mine in the camp since it opened in 1964. For full story, click here
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
By Leia Michele Toovey- Exclusive to Zinc Investing News In their bi-weekly price review, Hindustan Zinc Limited announced that effective Saturday, it had cut its prices of zinc, but held lead rates steady. Zinc prices will drop by Rs 800 per tonne, to 68,900; whereas lead maintained its 70,200 per tonne level. Lead prices have remained strong [...]
Xstrata says it will keep some of its McArthur River mine workers on no pay because it is hopeful it will be allowed to resume mining. For full story, click here
Tuesday, May 11, 2010