Archive | Zinc, Lead and Tin

Editorial: The cost of the Wolverine minesite – by Lewis Rifkind (Yukon News – May 9, 2021)

May 12, 2021 in Canada Mining – North of 60, Canadian Regional Media and Web Publications, Zinc, Lead and Tin

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The price of a decent wolverine fur goes for about $1,000 these days. Wolverine fur trim on hoods is highly desirable because it repels water. This means a frost-free hood on those cold days when Yukoners go outside.

Regrettably, there is a mine in the southeast Yukon of the same name that does not repel water and is costing Yukon residents a lot more than a single animal fur to treat its wastewater. This beast is known as the Wolverine Mine.

The Wolverine Mine site is located in the southeast Yukon on the Robert Campbell Highway between Ross River and Watson Lake. It produced mainly lead, zinc and some other metals for three years, and was last operated back in 2015. Continue Reading →

Tahltan Nation signs benefits agreement with Silvertip mine owners (CBC News North – January 21, 2021)

January 22, 2021 in Aboriginal and Inuit Mining and Oil/Gas, British Columbia’s Golden Triangle Mining District, Canadian Media Resource Articles, Gold and Silver, Zinc, Lead and Tin

https://www.cbc.ca/news/canada/north

The Tahltan Nation and the owners of the Silvertip mine in northern British Columbia, 90 kilometres southwest of Watson Lake, Yukon, have signed an impact and benefit agreement.

The Tahltan Central Government says in a release it wants to implement the deal with Coeur Mining immediately.

“We have a shared vision of empowering Tahltan workers, entrepreneurs and companies while working together to mitigate the mine’s impacts to our Tahltan territory, culture and values,” said Chad Norman Day, president of the Tahltan central government. Continue Reading →

[Maine Mining] Wolfden reports additional findings of zinc, lead at Pickett Mountain location – by Alexander MacDougall (The County – January 12, 2021)

January 15, 2021 in International Media Resource Articles, Junior Exploration Sector, United States Mining, Zinc, Lead and Tin

https://thecounty.me/

MT. CHASE, Maine — Additional findings of zinc minerals, as well as other elements such as lead and copper, have been found at the proposed Pickett Mountain mining site, located on property owned by Canadian mining company Wolfden Resources.

The Thunder Bay, Ontario-based company said its most recent test drilling showed polymetallic minerals, most particularly Zinc, which made up 24.2 percent of the results.

Other minerals reported were lead (11.2 percent of the results) and copper (3.2 percent). The total zinc equivalent, or the value of all reported minerals relative to the value of the mainly discovered zinc, was 52.9 percent. Continue Reading →

Zinc price soars as Vedanta halts Gamsberg mine after accident – by Cecilia Jamasmie (Mining.com – November 18, 2020)

November 18, 2020 in Africa Mining, Canadian Media Resource Articles, Zinc, Lead and Tin

https://www.mining.com/

Zinc prices climbed on Wednesday to an 18-month high after Vedanta suspended mining at its Gamsberg zinc mine in South Africa following an accident that trapped ten workers.

Vedanta Zinc International (VZI) noted the mine will stay closed until further notice while a search continues for two miners still missing after the incident.

The news comes in a zinc market where mine supply is already tight due mainly to restrictions to help slow the spread of covid-19. Continue Reading →

Why Canada needs to develop its zinc deposits – by Joseph Quesnel (Troy Media – September 30, 2020)

October 1, 2020 in Canada Mining, Canadian Media Resource Articles, Zinc, Lead and Tin

https://troymedia.com/

Joseph Quesnel is a research associate with the Frontier Centre for Public Policy.

Zinc is an important ingredient in disinfectants such as soap, so it plays an important role in preventing the spread of COVID-19. As we know, the twin pillars of COVID-19 prevention are social distancing and washing your hands properly.

So mining this bluish-white metal is important to Canada’s strategy for addressing the pandemic at home.

Beyond soap, zinc is used to galvanize steel to protect it from corrosion. And zinc is an essential element for our health, as over 200 enzymes in the human body require zinc to function. Continue Reading →

Significant demand from China to boost Zinc prices – by Yash Sawant (Economic Times/India Times – September 22, 2020)

September 23, 2020 in Asia Mining, International Media Resource Articles, Zinc, Lead and Tin

https://economictimes.indiatimes.com/

Yash Sawant is Research Associate, Angel Broking Ltd.

Zinc, the galvanizing metal, surged over 7 per cent and 5 per cent on the LME and MCX respectively since August’20 as the recovery narrative continues to be the solid expansion in China’s economy and massive liquidity infused by global central banks.

Another supporting element for the industrial metal prices was the plummeting US dollar. The accommodative stance adopted by the US Federal Reserve indicated a low interest environment for a prolonged period, which kept the greenback under pressure, making the industrial metals cheaper for other currency holders.

China: The recovery pillar

Zinc and the other industrial metals continued to post strong gains majorly reflecting the steady growth in China whilst the rest of the world struggled recovering from the pandemic led economic slump. Continue Reading →

Recovering Chinese steel output is boosting zinc price over short term – by Marleny Arnoldi (Mining Weekly – September 8, 2020)

September 9, 2020 in Asia Mining, International Media Resource Articles, Steel and Stainless Steel Industries, Zinc, Lead and Tin

https://www.miningweekly.com/

On the back of a stronger-than-expected rebound in economic growth in China, research agency Fitch Solutions Macro Research has revised upward its zinc price forecast for the year.

Initially, the agency anticipated a $2 100/t zinc price, but has revised it to $2 200/t, compared with a zinc price of $2 507/t at the end of 2019.

Zinc prices had fallen by 17.3% on average over the first three months of this year, but have since recovered to post new highs for the year, at a current price of about $2 483/t. Continue Reading →

As Arctic warming accelerates, permafrost thaw hits Red Dog mine with $20 million bill – by Nathaniel Herz (KNBA.org – September 8, 2020)

September 9, 2020 in Alaska Mining, Canada Mining, International Media Resource Articles, Zinc, Lead and Tin

https://www.knba.org/

The multinational company that operates the massive Red Dog Mine in Northwest Alaska says that thawing permafrost linked to global warming has forced it to spend nearly $20 million to manage its water storage and discharge.

The problems at Red Dog, one of the world’s largest zinc mines, show how climate change poses a challenge not just to residents of Arctic Alaska, but also to the economy of the region, which is warming at triple the rate of the global average.

Vancouver-based Teck Resources Ltd. says that permafrost thaw in the watershed surrounding Red Dog is releasing higher natural levels of dissolved minerals and other particles into streams. Continue Reading →

ZINC-LEAD: Osisko Metals’ PEA for Pine Point suggests large-scale operation (Canadian Mining Journal – June 16, 2020)

June 17, 2020 in Canada Mining – North of 60, Canadian Media Resource Articles, Zinc, Lead and Tin

http://www.canadianminingjournal.com/

NORTHWEST TERRITORIES – A preliminary economic assessment (PEA) for Osisko Metals’ wholly owned Pine Point project outlines an 11,250 t/d open-pit and underground operation, mining 47 small open pits and eight high-grade shallow underground deposits.

The proposed 10-year mine would produce an average of 327 million lb. of zinc and 143 million lb. of lead annually at estimated cash costs of US67¢ per lb. of zinc-equivalent (including smelting, transport and royalties).
With a total initial capital cost of $555.7 million, the after-tax net present value estimate for the project, at an 8% discount rate, stands at $500 million with a 29.6% internal rate of return based on estimated life-of-mine zinc and lead prices of US$1.15 per lb. and US95¢ per lb., respectively. Continue Reading →

This Yukon First Nation wants to use native plants to help remediate abandoned mine sites – by Julien Gignac (The Narwhal – June 13, 2020)

June 15, 2020 in Aboriginal and Inuit Mining and Oil/Gas, Canada Mining – North of 60, Canadian Regional Media and Web Publications, Mining Environmental, Water Shortage and Land Reclamation/Revegetation Issues, Zinc, Lead and Tin

The Narwhale

With unreclaimed mine sites littering Kaska territory, the community of Ross River is hatching a plan to help solve the problem: an industrial-scale nursery replete with native plants.

In southeastern Yukon, the Faro, Ketza and Wolverine mines have all seen their owners go bankrupt, leaving behind contamination and hefty cleanup tabs. Here, the community of Ross River, which is less than 180 kilometres away from all three mines, sees an opportunity.

The native plant nursery will be the first of its kind in Yukon, according to the project’s organizers, with a scale and mandate of supporting major reclamation projects that sets it apart from other nurseries in the territory. Continue Reading →

Column: London tin squeezed as supply shock outweighs demand hit – by Andy Home (Reuters U.K. – May 22, 2020)

May 22, 2020 in International Media Resource Articles, Zinc, Lead and Tin

https://uk.reuters.com/

LONDON (Reuters) – Tightness has returned to the London Metal Exchange (LME) tin contract. Stocks are low and falling. Time-spreads have moved back to backwardation.

This is, to some extent, business as usual for the London tin market, a low-liquidity contract where brokers sometimes struggle to match lending and borrowing flows.

But it’s still a surprising outcome given a macro backdrop of sliding manufacturing activity around the world as COVID-19 takes its toll on economic as well as human health. Continue Reading →

Column: EU’s industrial strategy is being wrecked by coronavirus – by Andy Home (Reuters U.K. – May 20, 2020)

May 20, 2020 in Aluminium/Bauxite, Europe Mining, International Media Resource Articles, Zinc, Lead and Tin

https://uk.reuters.com/

LONDON (Reuters) – German zinc producer Metallwerk Dinslaken (MWD) has just announced it is closing. You’d be forgiven for not noticing.

The news didn’t register with the London Metal Exchange (LME) zinc price. The company is too small with just 41 employees and annual production of 25,000 tonnes, a metallic drop in the 13.5-million-tonne global zinc ocean.

It’s also a secondary processor, converting scrap back into refined metal, and the notoriously opaque recycling sector doesn’t feature much in zinc’s market narrative. Yet companies such as MWD are supposed to be the beating heart of the European Union’s (EU) newly-unveiled industrial strategy. Continue Reading →

COLUMN- As demand implodes, the zinc supply chain starts to adjust – by Andy Home (Reuters U.S. – May 12, 2020)

May 14, 2020 in International Media Resource Articles, Zinc, Lead and Tin

https://www.reuters.com/

LONDON, May 12 (Reuters) – The London Metal Exchange (LME) zinc price has bounced by 20% from its March low of $1,685 a tonne to $2,020.

This is part of a broader mini-recovery across the base metals complex as the market focuses on the supply shock running alongside the demand shock caused by the spread of the coronavirus.

Lockdowns and quarantine measures have taken a particularly heavy toll of the zinc supply chain, with mine closures in key producer countries such as Peru and Mexico. Continue Reading →

Sense of Place: With One Last Stick of Dynamite, Two Miners Decided Joplin’s Fate – by Claire Kidwell (KSMU.org – June 18, 2018)

May 12, 2020 in International Media Resource Articles, United States Mining History, Zinc, Lead and Tin

https://www.ksmu.org/

Today, the City of Joplin is a thriving hub for health care and transportation. But there was a time when it was no more than a collection of tents huddled around a series of mines.

Walking into the Joplin History Museum, you’re greeted by the two resident cats who watch over the building—and an entire wing designed to look like an old mine.

Old mining equipment rests in the front lawn. It’s immediately obvious how much the mining industry once influenced the area. Continue Reading →

The rise and fall of mining in the Patagonia Mountains – by Clara Migoya (El Inde – May 9, 2020)

May 11, 2020 in International Media Resource Articles, United States Mining, Zinc, Lead and Tin

https://arizonasonoranewsservice.com/

In a lot on Harshaw Avenue, off-road trucks line up in neat rows. The small town of Patagonia is seeing new activity in the nearby mountains now that South32, an Australian mining company, is running round-the-clock mineral drilling operations at the Hermosa-Taylor mine.

“The Taylor deposit, just by scale, is probably the largest undeveloped zinc deposit in the world,” said Pat Risner, president of the Hermosa project. “It’s a very strategic resource for this country.”

The Hermosa operation started more than a decade ago, when it was owned by Arizona Mining Inc., which did initial explorations and pre-feasibility studies. In 2018, South32 bought the company and all its mining claims for $1.3 billion. Continue Reading →