South32, a $13 billion mining giant spun out of BHP in 2015, is drawing increased attention from dealmakers, with growing expectations that the company may soon embark on a major corporate transformation. Despite being relatively inactive in mergers and acquisitions since its inception, pressure is mounting on South32 to pursue growth and improve performance. The...
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Variscan Mines, an exploration and development company focusing on high-grade zinc projects in Spain, has appointed Square Trading Singapore Pte Ltd as its exclusive marketing manager for the global sale of zinc concentrates from its Novales-Udias and Guajaraz Projects. This partnership aims to enhance the market reach of Variscan’s products as the company progresses with...
READ MOREAlliance Nickel’s Faith in the Future of Nickel Ambitious Plans for NiWest Project Alliance Nickel, an Australian mining company, has ambitious plans to begin mining and processing nickel-cobalt ores from its NiWest project in 2027. The company aims to produce 90,000 tonnes of nickel and 7,000 tonnes of cobalt annually. The NiWest project, located in...
READ MOREHindustan Zinc, a leading integrated producer of zinc, lead, and silver under the Vedanta Group, has reported robust financial and operational performance for the first quarter of FY25, ending in June 2024. The company’s revenue from operations rose by 12% year-over-year to ₹8,130 crore, driven by increased metal volume and higher metal and silver prices,...
READ MOREIvanhoe Mines has announced its financial results for the second quarter of 2024, reporting a profit of $67 million and a record normalized profit of $115 million. The strong performance was largely driven by the Kamoa-Kakula joint venture, which contributed $90 million to the income. For Q2 2024, Ivanhoe Mines recorded an Adjusted EBITDA of...
READ MOREKorea Zinc, the world’s leading non-ferrous metal smelting company, is celebrating its 50th anniversary with ambitious plans for future growth. The company aims to reach a market capitalization of 70 trillion won ($51 billion) by 2033, supported by a cumulative revenue target of 217 trillion won ($158 billion) from 2023 to 2033. This goal was...
READ MOREHindustan Zinc Limited, the world’s second-largest integrated zinc producer and third-largest silver producer, is set to explore new applications of zinc in batteries as part of its strategy to support the global energy transition. Chairperson Priya Agarwal Hebbar announced that the company is focusing on enhancing production volumes, reducing production costs, and creating stakeholder value....
READ MORESwiss-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...
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