Approval of the proposed Xstrata-Glencore merger would give the new company 16 percent control of global zinc ore production and more than 60 percent of global refined zinc sales. Management must convince the European Commission that its deal does not violate antitrust thresholds.
Reuters reported Sun Metals Corp, a subsidiary of Korea Zinc Co, will maintain its zinc output even after its supplier Kagara Ltd collapsed.
GoldQuest Mining Corp. (TSXV:GQC) sold its Toral and Lago polymetallic exploration properties to Portex Minerals Inc. (CNSX:PAX).
Reuters reported that according to Chelyabinsk Zinc Plant, its 2011 net profit dropped 27%.
Reuters reported that JPMorgan Chase & Co (NYSE:JPM) plans to sell its U.S. metal concentrates trading unit.
Merrex Gold Inc. (TSXV:MXI) has updated on four zinc concessions secured in Ireland.
Mineweb reported that zinc has the prospect to be the next big player in the base metal market.
Bloomberg reported that Xstrata Zinc Canada's (LSE:XTA) Brunswick mine will close around March 2013.
Cayden Resources Inc. (TSXV:CYD) reported the results from drilling at the Quartz Mountain property, Nevada.
Business Week reported that Vedanta Group (LSE:VED) has offered $3.4 billion to purchase the Indian government’s interests in Hindustan Zinc Ltd. (NSE:HINDZINC) and Bharat Aluminium Co.
Get our independent commentary on zinc trends and companies delivered to your inbox.
