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
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 [...]
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 [...]
By Leia Michele Toovey- Exclusive to Zinc Investing News 2008 was a year for unprecedented losses for both the zinc and lead markets. As economic malaise spread around the globe, zinc for three month delivery fell about 49 per cent. Lead, due to its close ties to the auto industry, took a staggering plunge from [...]
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