Archive | Zinc, Lead and Tin

Poldark and Cornish mining at heart of Perranporth events (The Falmouth Packet – July 29, 2019)

July 30, 2019 in Europe Mining, Global Mining History, International Media Resource Articles, Zinc, Lead and Tin

https://www.falmouthpacket.co.uk/

Talks on Poldark and beach art are among the free activities helping families learn more about the the mining history of Perranporth.

Experts have been studying the little-known mining history of the vulnerable cliffs overlooking the beach at Perranporth, to show if the search for tin and copper in the area began in medieval or even prehistoric times.

Thousands of visitors enjoy the town’s beach each year, but many don’t realise that many of the caves and huge rock arches in the cliffs are man-made. The coast was used for mining rather than leisure in the past, with the solid rock being tunnelled through by miners. Continue Reading →

Op – eds: Serbia and Kosovo spar over Trepca Mining Complex (New Delhi Times – February 25, 2019)

July 30, 2019 in Europe Mining, Gold and Silver, International Media Resource Articles, Zinc, Lead and Tin

New Delhi Times

Distrust between Serbia and Kosovo remains intact two decades after the Kosovo war. In 2008, Kosovo declared independence from Serbia. Till date, Serbia refuses to recognise the independence of Kosovo despite the fact that most Member States of European Union (EU) have done so. Moreover, the independence of Kosovo has also been recognised by USA and 100 other countries.

Territorial disputes are at the forefront of strained relations between Serbia and Kosovo. European Union has been acting as a mediator in the conflict. In 2011, EU facilitated the Belgrade-Pristina dialogue, which can be classified a process-oriented approach rather than an outcome-oriented approach.

The mediation efforts of EU have produced a series of agreements between the two sides but many conflict issues remain unresolved. The ownership structure of Trepca Mining Complex is one of such issues. Continue Reading →

Rockcliff gears up to drill in Snow Lake – by Stan Sudol (Northern Miner – July 15, 2019)

July 16, 2019 in Canadian Media Resource Articles, Copper, Manitoba Mining, Stan Sudol Columns/Media References and Appearances, Zinc, Lead and Tin

Rockcliff Metal’s founder Ken LaPierre at the 2019 PDAC Mining Convention. A $29 Million financing has turbo-charged junior Rockcliff Metals, which plans to complete over 100,000 metres of exploration drilling over next 18 months. Rockcliff is the 2nd largest landholder in the legendary Flin Flon/Snow Lake greenstone belt in Northern Manitoba after HudBay Minerals. (Photo by Stan Sudol)

Northern Miner

At the Prospectors and Developers Association of Canada (PDAC) convention in Toronto in March 2018, Rockcliff Metals (CSE: RCLF) was a struggling junior with a large land package in the lesser known but geologically rich Flin Flon–Snow Lake (FF–SL) greenstone belt, with eight high-grade, base-metal volcanogenic massive sulphide (VMS) deposits and five gold properties.

It began as a tough year for Rockcliff, and it turned even rougher the week before the PDAC convention, when Kenneth Lapierre, Rockcliff’s president and CEO at the time, slipped on freshly fallen snow when taking out the garbage at home.

Not thinking much about his sore ankle, the six-foot-three-inch, former hockey-playing, karate-practising jock then started shovelling the driveway. Twelve hours later, the swelling and pain in his ankle demanded a trip to the doctor, where he learned that it was broken, and that he had torn all the soft tissue. Continue Reading →

COLUMN- Shanghai bears send tin tumbling to three-year lows – by Andy Home (Reuters U.S. – July 8, 2019)

July 10, 2019 in International Media Resource Articles, Zinc, Lead and Tin

https://uk.reuters.com/

LONDON, July 8 (Reuters) – The tin market was last week rudely awakened from its previous range-trading slumber. On the London Metal Exchange (LME), three-month tin collapsed 7% over the course of Tuesday to $17,585 per tonne, the lowest print since August 2016.

It has since clawed its way back to a current $18,350 but looks susceptible to further selling by technical and momentum funds. The chart picture looks even worse in Shanghai, where the bear attack was sprung amid a build in short positioning and a spike in trading activity.

Such extreme moves are not unusual in the tiny tin market, where a bit of volume can push prices a long way. It’s tempting to explain the price collapse through a fundamental prism of rising LME stocks and Chinese exports but, as ever with the tin market, appearances can be highly deceptive. Continue Reading →

[Manitoba Flin Flon – Snow Lake Greenstone Belt] Rockcliff Metals Wins a Financing Lottery! – by Stan Sudol (June 19, 2019)

June 19, 2019 in Copper, Junior Exploration Sector, Manitoba Mining, Zinc, Lead and Tin

Rockcliff Metals founder, Ken Lapierre, holding rich core samples from Manitoba’s Flin Flon – Snow Lake greenstone belt.

At Prospectors and Developers Association of Canada (PDAC) 2018 mining convention, Rockcliff Metals was a typical struggling junior with a great land package in the lesser known but geologically-rich Flin Flon – Snow Lake (FF-SL) greenstone belt with eight high-grade VMS base-metal deposits and five promising lode-gold properties.

It was starting out to be a tough year and unfortunately an even rougher start the week before the convention when Rockcliff CEO Ken Lapierre slipped on the freshly fallen snow, when he was taking out the garbage. Not thinking much about his sore ankle, the six-foot, three inch, former hockey playing, karate practising jock, started shoveling the driveway. Twelve hours later, the swelling and pain in his left ankle demanded a trip to the doctor where he learned that it was broken and that he had torn all the soft tissue.

For the entire PDAC convention, the largest and most important in the world, for juniors to meet potential future investors and current shareholders and financiers, Lapierre had to use a knee walker that resembled a scooter to get around, along with a substantial amount of painkillers. Continue Reading →

Column: No relief for zinc shorts as London squeeze rolls on – by Andy Home (Reuters U.S. – May 30, 2019)

June 5, 2019 in International Media Resource Articles, Zinc, Lead and Tin

https://www.reuters.com/

LONDON (Reuters) – The London zinc market is in the grip of the most protracted and acute squeeze in 30 years. On the London Metal Exchange (LME), the benchmark spread — the difference between the cash price and that for three-month delivery — flexed as wide as $161 per tonne this week before closing on Wednesday at $149.

If you want a historic precedent, you’ll have to go back as far as 1989. A flash squeeze in 1997 saw the cash-to-threes spread hit $263 but it was over in a matter of weeks. Only the rolling tightness of the late 1980s bears any comparison to current market dynamics.

Then, as now, the core issue was low stocks in the LME warehousing system. Inventory was less than 1,000 tonnes at one stage in 1988, although it was a very different market back then. Continue Reading →

Uganda’s tungsten mine sues International Tin Association for defamation – by Barbara Lewis (Reuters U.S. – May 28, 2019)

May 28, 2019 in Africa Mining, International Media Resource Articles, Zinc, Lead and Tin

https://www.reuters.com/

JOHANNESBURG (Reuters) – An owner of Uganda’s only tungsten mine is suing the International Tin Association for defamation, saying the certifier wrongly accused it of trading in conflict minerals, court documents seen by Reuters show.

The association’s International Tin Supply Chain Initiative (ITSCI) program, used by companies such as Apple, was introduced after the 2008 financial crisis to certify minerals in response to regulation which obliged U.S. companies to vet their supply chains.

The International Tin Association’s Kay Nimmo, who leads the ITSCI program, said in an email she had no immediate comment. Continue Reading →

The ‘hidden costs’ of striking the Lincoln cent – by Chris Bulfinch (Coin World – May 15, 2019)

May 16, 2019 in Canadian Regional Media and Web Publications, Copper, Jewellery and Coins, Zinc, Lead and Tin

https://www.coinworld.com/

Most recent studies suggest that the Lincoln cent is wasteful. Contemporary analyses suggest that it costs several times a cent’s face value to produce, and most consumers find them a nuisance. But is there a hidden cost behind the continued production of the cent? Climate scientists think so.

According to an article published by the Smithsonian and research by students at the University of California Davis, production of the cent produces considerable greenhouse gas emissions and other toxic waste.

The current cent’s alloy, 95 percent zinc plated with 5 percent copper requires mining both materials in massive quantities. Each ton of copper produced releases 2.45 tons of carbon dioxide, one of the gases that causes climate change, and each ton of zinc produced releases .58 tons of the same, according to the scientists. Continue Reading →

Glory to ghost; the 25-year NWT zinc town – by A.J. Roan (North of 60 Mining News – April 26, 2019)

April 26, 2019 in Canada Mining – North of 60, Canadian Mining History, International Media Resource Articles, Zinc, Lead and Tin

https://www.miningnewsnorth.com/

Like many single-industry towns, once the well dries up, people seek greener pastures. However, the residents of a place many probably have never even heard of hold on to the remnants of their past. For them, it was an important and irreplaceable land, it was their home.

Pine Point, Northwest Territories, was a town located 10 kilometers (6 miles) inland from the south shore of Great Slave Lake and 87 kilometers (54 miles) east of Hay River. Cominco Ltd. (now Teck Resources Ltd.) explored the area around Pine Point as early as 1929 but it wouldn’t be for at least thirty years until development would begin and the plans for a settlement established. Production started in 1965.

Cominco built its own townsite which became known as Pine Point. It became a territorial settlement with private businesses and boasted a population of nearly 2,000 at its peak. By the mid-1980s depressed prices caused economic difficulties for the mine. Cominco shut down operations in the summer of 1987, although it continued to mill until the following spring. Continue Reading →

New job for former Vale boss – by Staff (Sudbury Star – April 10, 2019)

April 10, 2019 in Canada Mining, Canadian Regional Media and Web Publications, Zinc, Lead and Tin

https://www.thesudburystar.com/

Ricus Grimbeek didn’t say unemployed for long. Grimbeek, who left suddenly in February as Vale’s chief operating officer, North Atlantic operations and Asian refineries, is now president and chief executive officer of Trevali Mining Corporation. Grimbeek was with Vale for less than a year.

“We are thrilled to welcome Ricus Grimbeek as Trevali’s president and CEO,” Jessica McDonald, chair of the board, said in a release. “Ricus brings extensive global experience to Trevali, both as a corporate executive and as a mine operator, and has a proven track record of operating safe and efficient businesses with a focus on asset optimization and strong cost performance.

“He combines deep knowledge of mining processes and technology, and decades of hands-on global mining experience, with a progressive approach to mining that places a high priority on safety, sustainability and responsibility. Continue Reading →

Top 10 Deepest Mines In The World: Most Of Them Are Gold Mines – by Vikas Shukla (Value Walk.com – April 10, 2019)

April 10, 2019 in Africa Mining, Canada Mining, Copper, Gold and Silver, International Media Resource Articles, Nickel, Sudbury Basin, Timmins, Zinc, Lead and Tin

https://www.valuewalk.com/

South Africa is home to eight of the world’s top 10 deepest mines. The country has been one of the world’s largest gold producers for decades, even though gold production there has been declining in recent years. A mine is an artificially made pit from where minerals and other resources are extracted. The depth of a mine represents the elevation from the entrance to the deepest excavation point.

The ranking below includes only operational mines, not the ones that are no longer in operation. For instance, the Empire Mine in California has a depth of 2.08 miles, but it’s no longer in operation. Similarly, the Kolar Gold Fields in India, which was 2 miles deep, was shut down in 2001 due to low levels of output after producing gold for centuries.

When they run out of minerals at existing levels, mining companies prefer to go deeper in existing mines to extract more minerals instead of digging a new mine. Continue Reading →

Column: LME zinc running on empty as stocks keep falling – by Andy Home (Reuters U.K. – March 19, 2019)

March 21, 2019 in International Media Resource Articles, Zinc, Lead and Tin

https://uk.reuters.com/

LONDON (Reuters) – Another 100 tonnes of zinc were loaded out of the London Metal Exchange (LME) warehouse system on Monday. It wasn’t the most dramatic of moves but sufficient to reduce LME stocks to a fresh 12-year low of 58,325 tonnes – less than two days’ worth of global consumption and within touching distance of this century’s nadir of 58,100 tonnes recorded in October 2007.

Such desperately low inventory has rekindled zinc’s bull flames. The LME three-month price rose to an eight-month high of $2,882 per tonne last week, up 18 percent this year, before easing slightly to current levels of $2,800.

Time spreads remain tight and volatile but the premium for cash metal has so far failed to attract anything more than a smattering of fresh deliveries. The persistent tightness of LME stocks is forcing a collective rethink about the outlook for zinc, particularly the much anticipated shift to supply surplus. Continue Reading →

HISTORY & CULTURE: ‘The industrial revolution started here’ – by Vangmayi Parakala (The Hindu – March 15, 2019)

March 15, 2019 in Asia Mining, International Media Resource Articles, Zinc, Lead and Tin

https://www.thehindu.com/

The 2019 Colonel James Tod Awardee, British Musem’s Dr. Paul Craddock talks of early metallurgy in Rajasthan, and how it influenced Europe

At sunset, below the ramparts of the Udaipur City Palace, the Maharana of Mewar Charitable Foundation (MMCF) recognised service towards nation-building, art, conservation, and culture with their 37th annual awards ceremony this weekend. Along with former ISRO chair Dr. Krishnaswamy Kasturirangan as chief guest, the MMCF’s chairman, ‘Maharana’ Arvind Singh Mewar, presented the honours.

The foundation has 13 instituted awards, of which the Colonel James Tod Award recognises a foreign national’s service or contribution to the country in line with the “spirit and values of Mewar”. Dr. Paul T. Craddock, a scientist attached to the British Museum, was this year’s recipient.

Craddock has been studying early metallurgy in India, especially in the Zawar region, a mining township about 40 kilometres from Udaipur. Previous recipients of this award include journalist Sir Mark Tully and author V.S. Naipaul. Continue Reading →

Column: China’s supercharged imports fail to stir lead market – by Andy Home (Reuters U.K. – March 5, 2019)

March 6, 2019 in Asia Mining, International Media Resource Articles, Zinc, Lead and Tin

https://uk.reuters.com/

LONDON (Reuters) – China imported 128,000 tonnes of refined lead last year, bringing the two-year cumulative total to 206,000 tonnes. The only precedent for this pace of import was 2009, when China soaked up 157,000 tonnes of refined lead.

It’s a problematic comparison though, given lead prices and arbitrage were distorted back then by the global financial crisis and Beijing’s resulting rush to support its own producers. The import surge dried up in 2010 and China became a net exporter of refined lead to the rest of the world over the 2013-2016 period.

The scale of imports since then is a clear sign there is a real physical shortfall in China, normally the sort of narrative to excite metals bulls. This being lead, however, you’d be hard pushed to discern even the faintest flicker of bullish enthusiasm in either the Shanghai or London futures markets. Continue Reading →

Column: As price hits seven-month highs, it may be time to rethink zinc – by Andy Home (Reuters U.K. – February 6, 2019)

February 8, 2019 in International Media Resource Articles, Zinc, Lead and Tin

https://uk.reuters.com/

LONDON (Reuters) – Zinc has been on the climb this year, defying broader macroeconomic gloom and a previous consensus that its bull run was well and truly over.

Funds are creeping back into the market on the long side and LME broker Marex Spectron estimates speculators held a collective net long of 7 percent of open interest last Friday.

On the London Metal Exchange (LME) three-month zinc hit a seven-month high of $2,810 a tonne on Tuesday. It retraced to $2,715 on Wednesday morning but is still the second-strongest performer among the core base metals this year with a gain of 13 percent. Only nickel has fared better. Continue Reading →