On Sunday, President Félix Antoine Tshisekedi inaugurated the Kico mining plant in Kipushi, reopening the site after over three decades. The revitalization is a joint venture between Ivanhoe Mines and Gécamines, aiming to produce 100,000 to 140,000 tonnes of high-grade crude zinc annually. The restart is expected to generate jobs and support infrastructure improvements, benefiting...
READ MOREBoliden is currently in advanced negotiations to acquire Lundin Mining’s Zinkgruvan mine in Sweden and Neves-Corvo mine in Portugal, according to information obtained by Bloomberg News. The acquisition would allow Boliden to strengthen its position as one of the largest zinc producers in Europe. These two mines represent some of Lundin Mining’s oldest assets, which...
READ MOREKorea Zinc Co.’s chairman, Choi Yun-beom, will step down from his role as the head of the board after canceling a planned $1.8 billion share sale. The decision is seen as an attempt to address concerns from the company’s largest shareholder amid an ongoing battle for control. The world’s largest refined zinc producer announced on...
READ MOREChinese zinc producers are racing to deliver between 30,000 and 40,000 metric tons of refined zinc to warehouses registered with the Shanghai Futures Exchange (ShFE) ahead of the November contract expiry on Friday, according to three sources with direct knowledge of the situation. This significant delivery is expected to raise zinc stocks in the ShFE...
READ MOREYoung Poong, the world’s sixth-largest zinc smelter, has been ordered to suspend operations at its Seokpo refinery facility for two months due to the unauthorized discharge of polluted wastewater. The shutdown is expected to impact the company’s ongoing attempt to secure ownership control of Korea Zinc, its affiliate and the world’s largest zinc producer. Earlier...
READ MOREChina’s Zinc Smelter Purchasing Team (CZSPT) has set the domestic processing fees for zinc concentrate at between 2,000 yuan ($281.57) and 2,500 yuan per metric ton for the first quarter of 2025, according to media reports. The new fees reflect the industry’s ongoing difficulties, including tight ore supplies and declining smelting margins. For imported zinc...
READ MOREChina Zinc Smelters Purchasing Team (CZSPT) has established new processing fees for domestic zinc concentrate for the first quarter of 2025, ranging between 2,000 and 2,500 yuan per metric ton (approximately $281.57 to $352 USD), according to a statement from state-backed research firm Antaike on Tuesday. The fees for imported zinc concentrate have also been...
READ MORESwiss resource giant Glencore reported a 4% year-on-year decline in copper production to 705,200 tons for the period from January to September 2024. The decrease was primarily attributed to the sale of its Cobar mine in Australia in June. Zinc production also fell by 4%, reaching 643,600 tons, mainly due to reduced output at the...
READ MORETight supply, improving demand in China, and falling inventories are expected to push zinc prices up by around 8% in the short term, analysts say. The zinc market has faced mine setbacks this year, tightening zinc ore and concentrate supplies, noted Daniel Hynes, senior commodity strategist at ANZ Research. Sibanye-Stillwater recently suspended operations at its...
READ MOREWestern sanctions on Russian zinc miner Ozernoye have left the company struggling to replace essential equipment required to increase output, according to multiple sources familiar with the situation. As a result, predictions for global zinc supply in 2025 may be overstated, heightening concerns in a market already facing supply shortages. Ozernoye officially launched production in...
READ MORENuVau Minerals, a mining company focused on Quebec, is set to go public this month in an effort to secure provincial government support for its Bracemac McLeod copper-zinc project in the Matagami camp. The Matagami camp, known for its rich mining history, has been operational for over 60 years. NuVau’s project is backed by a...
READ MOREPasinex Resources is moving forward with plans to expanding its operations in Türkiye with a new agreement that could see it acquire a major lead-zinc mining license. The Canadian company, through its local subsidiary Pasinex Arama, signed an Option and Purchase Agreement with Aydin Teknik, a local Turkish firm, for the Sarikaya property—a lead-zinc site...
READ MORESouth32 reported mixed production performance for the first quarter of its financial year, while maintaining its annual output guidance. The Perth-based mining company saw a rise in aluminium production but reported declines in other areas, including silver and lead. Aluminium output increased by 3.5% year-on-year to 298,000 tonnes in the three months ending September 30,...
READ MOREAccording to a recent update from the United States Geological Survey (USGS), U.S. domestic mine production of recoverable zinc in July 2024 amounted to 66,300 metric tons (t). Year-to-date mine production through July reached 442,000 t, up from 436,000 t during the same period in 2023. The average daily recoverable mine production in July was...
READ MOREIvanhoe Mines, Inc. has reported record production figures for the third quarter of 2024 at its Kamoa-Kakula copper mine and Kipushi ultra-high-grade zinc mine, both located in the Democratic Republic of Congo (DRC). The Kamoa-Kakula mine, one of Ivanhoe Mines’ flagship projects, achieved a new milestone in the third quarter of 2024, producing a record...
READ MORERussian mining company Nordgold has announced plans to invest over 30 billion rubles (approximately $321 million) in the development of the Sardana zinc deposit, one of Russia’s largest zinc fields in terms of reserves. The Sardana deposit is located in the remote Ust-Maisky area of the Yakutia Republic, covering an area of 6.1 square kilometers....
READ MOREIvanhoe Mines reported record production at its Kamoa-Kakula Copper Complex and Kipushi zinc mine in the Democratic Republic of Congo (DRC) for Q3 2024. Kamoa-Kakula produced 116,313 tonnes of copper in concentrate, while Kipushi produced 17,817 tonnes of zinc in concentrate during its ramp-up phase. Kamoa-Kakula’s Phase 3 concentrator, which began producing in June, is...
READ MOREKorea Zinc, the world’s largest refined zinc producer, is embroiled in a contentious takeover battle between its founding families. The outcome could significantly impact South Korea’s role in the U.S.-led efforts to reduce reliance on China for essential metals and materials used in key industries such as construction and automotive manufacturing. The battle involves competing...
READ MOREHindustan Zinc has released its production figures for the second quarter of FY25, showcasing a notable increase in both mined and refined metal production. In the first half of FY25, the company achieved its highest-ever mined metal production, reaching 519,000 tonnes, a 2% rise compared to the same period last year. Refined metal output also...
READ MOREHindustan Zinc reported an increase in mined metal production for the July-September period, reaching 256,000 tonnes, a 2% rise compared to the same period last year. The company also announced an 8% increase in saleable metal production, totaling 262,000 tonnes for the quarter. Refined zinc production grew by 7% year-on-year, amounting to 198,000 tonnes in...
READ MOREKorea Zinc’s Chief Technical Officer (CTO), Lee Je-joong, and key engineers have announced plans to resign if the $1.5 billion takeover bid by private equity firm MBK Partners and Korea Zinc’s largest shareholder, Young Poong, succeeds. The declaration was made during a press conference, underscoring the escalating power struggle between the two founding families of...
READ MOREShares of Korea Zinc, the world’s largest metal processing company, rose sharply following expectations of an increased takeover bid from South Korean investment firm MBK Partners and Young Poong, according to reports from foreign media. On September 19, Korea Zinc’s shares closed at 707,000 won, valuing the company at 14.7 trillion won ($11.1 billion), surpassing...
READ MOREThe global zinc market surplus dropped to 14,000 metric tons in July 2024, down from 36,400 tons in June, according to data released by the International Lead and Zinc Study Group (ILZSG) on Wednesday. From January to July 2024, the global zinc surplus totaled 254,000 tons, a significant decrease from the 466,000-ton surplus recorded during...
READ MORESwedish mining company Boliden is reportedly in discussions to acquire the Zinkgruvan mine, located in Askersund municipality, from Lundin Mining, according to a report by Dagens industri. This comes after Lundin Mining’s CEO, Jack Lundin, confirmed earlier this week that the company is looking to sell its European assets, including the Neves Corvo zinc and...
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