Ivanhoe 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...
READ MORESouth Korean investment firm MBK Partners and Young Poong Corp. have jointly submitted an application to acquire a 14.6% controlling stake in Korea Zinc, the world’s largest producer of refined zinc. The deal is aimed at improving corporate governance and enhancing the value of Korea Zinc, amid disagreements within the company’s ownership regarding its ambitious...
READ MOREBoliden’s ongoing expansion project at the Odda zinc smelter, aimed at increasing annual production from 200 to 350 ktonnes, has encountered delays, particularly at the roasting facility. As a result, the ramp-up to the new production capacity will now begin at the end of the first quarter of 2025, rather than in late 2024 as...
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