Swiss-based mining group Glencore announced a decrease in its copper production by 5% to 462,600 tons in the first half of 2024. On a like-for-like basis, this figure was 2% lower after adjusting for the sale of 15,000 tons of Cobar volumes in June 2023. The company’s own-sourced cobalt output dropped by 27% to 15,900...
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According to the U.S. Geological Survey (USGS), the United States saw an increase in domestic zinc mine production in May 2024. The recoverable zinc production for the month was 68,200 metric tons, bringing the year-to-date total to 312,000 metric tons, which is a 5% increase compared to the same period in 2023. Average daily recoverable...
READ MOREFresnillo, a leading Mexican precious metals mining company, reported a decline in gold and silver production for the second quarter of 2024, while noting an increase in lead and zinc output. The company has reaffirmed its annual production guidance for both gold and silver. In Q2 2024, gold production was recorded at 130,025 ounces, down...
READ MOREBoliden, a Swedish mining company, reported a significant increase in core earnings for the second quarter, attributed mainly to a one-off insurance claim of 2.4 billion Swedish crowns ($225.79 million) related to a fire at its copper smelter. The company’s operating profit, excluding the revaluation of its process inventory, soared to 4.0 billion crowns in...
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US domestic mine production of zinc reached 53,800 metric tons (t) in April 2024, according to the US Geological Survey (USGS). For the first four months of 2024, total zinc mine production amounted to 243,000 t, reflecting a 4% increase compared to the same period in 2023. Despite the overall increase, April’s average daily production...
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Central Asia Metals has released its H1 2024 operations update for the Kounrad copper recovery plant in Kazakhstan and the Sasa zinc-lead mine in North Macedonia. In terms of safety performance, Kounrad reported zero lost time injuries (LTIs) while Sasa had one LTI. Production figures for H1 2024 revealed that Kounrad produced 6,608 tonnes of...
READ MOREAustralian copper-gold producer and explorer Aeris Resources Limited has released an update on its FY24 production guidance, highlighting positive outcomes for its key mining operations. Aeris reported that its Tritton copper operations achieved FY24 production of 19.7 kilotonnes (kt), with a robust performance in the June quarter contributing 5.4 kt. The Cracow gold operations produced...
READ MOREMinmetals Resources announced on July 8, 2024, that its subsidiary MMG Dugald River Pty Ltd has entered into a sales agreement with Minmetals North-Europe for the sale of approximately 10,000 dry metric tons of zinc concentrate. This quantity may vary by 10% at the seller’s discretion. Minmetals North-Europe is a wholly owned subsidiary of China...
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China’s MMG has announced the suspension of operations at a mill at its Dugald River zinc mine in Australia for approximately two months to conduct repair work. This was confirmed by MMG in an email to Reuters on Friday. While the production of concentrate has ceased, mining operations will continue, allowing the company to build...
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Vedanta announced a substantial 36% year-on-year increase in alumina production at its Lanjigarh refinery, reaching 539 kilotonnes (kt) due to new capacity. This represents an 11% rise compared to the previous quarter’s production of 484 kt in March and a significant jump from the 395 kt produced in Q1FY24. The company also reported a 3%...
READ MOREHindustan Zinc, an integrated producer of zinc, lead, and silver under the Vedanta Group, reported its production and financial results for the first quarter of FY25. The company noted that mined metal production aligned with annual mine preparation activities, resulting in a 12% quarter-on-quarter (QoQ) decrease. Refined metal production reached 262,000 tonnes, showing a 1%...
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Ivanhoe Mines has announced the restart of operations at the historic Kipushi zinc-copper-lead-germanium mine in the Democratic Republic of Congo (DRC), marking a significant milestone after the mine was placed on care and maintenance 31 years ago. First ore was fed into the new concentrator on May 31, 2024, with the first concentrate produced on...
READ MOREAustralia-based Glencore Technology has filed a patent application for a novel method to treat zinc leach residue. The inventors behind this innovative process are Alistair Stewart Burrows, Leonid Ushkov, and Turarbek Anarbekovich Azekenov.The patent application, numbered 202417006110 A, was filed on January 30, 2024. The international classification numbers associated with this patent are B09B 101/55,...
READ MOREGold may face continued pressure due to a stronger dollar and higher bond yields, despite support from global ETF inflows and expectations of Federal Reserve rate cuts, analysts suggest. Conversely, silver prices could reach Rs 1 lakh per kilogram this year. The outlook for other base metals remains muted due to an oversupply situation. Last...
READ MOREHindustan Zinc Limited, an Indian zinc producer, has signed a memorandum of understanding with AEsir Technologies, a US-based company specializing in zinc battery technologies. This agreement makes Hindustan Zinc the preferred supplier of zinc for AEsir’s battery production. Zinc-based batteries, an emerging alternative in energy storage solutions, are known for delivering higher power at lower...
READ MOREChina’s imports of zinc concentrates have sharply decreased over the first four months of this year due to a tightening raw materials market. Spot treatment terms for imported mine concentrates are currently trading at uneconomic levels for many Chinese smelters, forcing them to rely more on domestic mine supply. In the first four months of...
READ MOREEmerita Resources has provided an update on the metallurgical testing program for its wholly-owned Iberian Belt West (IBW) Project. Conducted in collaboration with Wardell Armstrong International and SRK Consulting, Phase I of the program aimed to demonstrate the production of commercial-grade concentrates from the La Romanera and La Infanta deposits, which are part of the...
READ MOREGlencore is reportedly exploring the sale of its majority stake in Kazakh mining group Kazzinc, insiders revealed to Bloomberg News. Glencore holds nearly 70 percent of Kazzinc, which primarily produces zinc. Sources indicate that there is interest from potential buyers in China, with the deal potentially valuing Glencore’s holding at several billion dollars. Additionally, Glencore...
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According to the latest update from the United States Geological Survey (USGS), domestic mine production of recoverable zinc in the US reached 70,800 metric tons in March 2024. For the year through March, recoverable mine production totaled 190,000 metric tons, marking a 6% increase compared to the same period in 2023. Average daily recoverable mine...
READ MORESouth32 Group Operations has signed a Letter Agreement with Hammer Metals, granting South32 an option to earn an 80% interest in the Isa Valley Project located in North-West Queensland. The project spans approximately 320 km² of the Mount Isa Fault, part of Hammer’s larger 2,800 km² Mount Isa Project. This area is considered highly prospective...
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IMPACT Silver has published its Management’s Discussion and Analysis (MD&A) for the three months ended March 31, 2024. This document, prepared as of May 27, 2024, should be read alongside the company’s annual audited consolidated financial statements for the year ended December 31, 2023, and the related notes. All figures are in Canadian dollars unless...
READ MOREGold Royalty has entered into a binding purchase and sale agreement with OMF Fund III (Cr), managed by Orion Mine Finance Management LP, to acquire a copper stream on the Vares Silver Project in Bosnia and Herzegovina. The project is operated by a subsidiary of Adriatic Metals. The transaction, valued at $50 million, includes $45...
READ MOREGriffin Mining has announced a substantial increase in revenue for 2023, reporting $146.02 million compared to $94.4 million in 2022. The AIM-traded firm’s gross profit rose to $51.84 million from $38.25 million year-on-year, while earnings before depreciation, interest, and tax increased to $51.86 million, up from $35.22 million the previous year. Operating profit saw a...
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Polymetals Resources has finalized revised agreements for the acquisition of the Endeavor Silver, Zinc, and Lead Mine from CBH Resources, a subsidiary of Toho Zinc. This development brings the mine closer to resuming production. Key aspects of the agreement include a deferment of the exchange of the Endeavor Mine Rehabilitation Bond for up to two...
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