Archive | Zinc, Lead and Tin

Cornish tin mining moves closer to revival as developer plans float – by Julia Kollewe (The Guardian – May 14, 2018)

https://www.theguardian.com/

Cambourne’s South Crofty mine closed in 1998 after operating for more than 400 years

Tin mining is set for a comeback in Cornwall, as a Canadian company that plans to reopen the South Crofty mine in 2021 announced it would float on the London stock market next month to help fund the venture.

Vancouver-based Strongbow Exploration acquired the rights to the tin mine in the Cornish town of Pool in July 2016. After operating for more than 400 years, South Crofty was the last tin mine to close in the UK 20 years ago, due to a lack of investment and falling metal prices.

But since then demand for tin has increased while global supply is falling, driving a 60% surge in tin prices since January 2016 to $21,000 (£15,457) a tonne. Tin is used as solder in consumer electronics and other electronic devices, electric cars and solar cells. Continue Reading →

Drills confirming zinc at Pine Point – by Shane Lasley (North of 60 Mining News – May 10, 2018)

https://www.miningnewsnorth.com/

Osisko Metals Inc. May 8 said its winter drilling continues to confirm historical zinc mineralization at its newly acquired Pine Point zinc-lead project in Northwest Territories.

Located near the community of Hay River, the Pine Point project benefits from substantial infrastructure that includes road access, rail head in Hay River and hydro-electric power available on site. A preliminary economic assessment completed in 2015 examined several development scenarios and settled on a mining plan where 10 open-pit deposits are mined in sequence.

The deposits included in the mine plan host 25.8 million metric tons of measured and indicated resources averaging 2.9 percent zinc and 1.1 percent lead, plus 3.7 million metric tons of inferred resources averaging 2.9 percent zinc and 0.8 percent lead. Continue Reading →

Federal government takes control of abandoned zinc mine in Yukon – Canadian Press (Financial Post – May 1, 2018)

http://business.financialpost.com/

WHITEHORSE — The Federal government has taken control of cleaning up a lead and zinc mine in Yukon, 20 years after the former operators declared bankruptcy and abandoned the site.

Yukon’s abandoned mines director, Stephen Mead, says Indigenous and Northern Affairs Canada officially took the Faro Mine over Tuesday. He says Parsons Corp., the company that has been managing site, has a contract to continue its work until April 2020.

Mead says a two-year, $100-million construction project will begin this summer to better manage water in the area, collecting and treating contaminated water and diverting away clean water. Continue Reading →

NEWS RELEASE: Pasinex Reports Net Income of $5.8 Million for 2017, Strong Operating Results at Pinargozu and Operating Guidance for 2018

https://pasinex.com/

TORONTO, ON – April 30, 2018 – Pasinex Resources Limited (CSE: PSE) (FSE: PNX) (The “Company” or “Pasinex”) today reported net income for 2017 of $5.8 million; a 700 percent increase from 2016 net income of $0.8 million.

Net income for the fourth quarter (Q4) of 2017 was $2.7 million compared to $0.6 million in Q4 2016. The significant improvement in the consolidated results is due to the strong operational and financial performance at Horzum AS (the 50% owned joint venture that holds the Pinargozu mine), which is reflected in Pasinex net income as Equity gain from Horzum AS.

Steve Williams, CEO of Pasinex commented, “We are very pleased with our 2017 financial results. Pinargozu reached its production expectations for the year resulting in a record year. This comes at a time of very strong zinc prices and we see this reflected in the robust 2017 financial results. We also received a $1.2 million dividend payment from Horzum AS in 2017 and we are expecting approximately $6.5 million in dividends paid to us during 2018.” Continue Reading →

Life in Missouri’s Fading Old Lead Belt – by Benjamin Hoste and Romke Hoogwaerts (MSNB.com – June 30, 2016)

http://www.msnbc.com/

Just an hour south of St. Louis sits the Southeast Missouri Lead District, home to the largest lead deposits in the world. Some 150 years ago, the area boomed alongside its lead mines, an exploitation of natural resources that altered economic fortunes as well as the physical terrain. A particularly plentiful subdistrict now known as the Old Lead Belt thrived.

Today, that landscape looks vastly different. Once-prosperous communities have declined, mines have closed and moved elsewhere. Environmental and health hazards loom large over a community that’s both proud and wary of its heritage as a major supplier of the world’s lead.

Recently, public concern over lead poisoning’s persistent issues across the United States has renewed, particularly in urban environments. Widespread lead contamination of tap water in Flint, Michigan, is only the most recent example. Continue Reading →

Osisko Sees Perfect Storm Brewing For Base Metals – by Neils Christensen (Kitco News – April 18, 2018)

http://www.kitco.com/

(Kitco News) – One of Canada’s most renowned gold mining companies is wading into the base metals sector, particularly zinc, as prices continue to trade near their highest level in more than ten years.

Osisko Metals is celebrating its first year of operation as it continues to develop two of Canada’s most prominent past producing zinc mining camps.

The Osisko brand is more known for its success in the precious metals sector as it developed its Canadian Malartic project, country’s largest open-pit gold mine now owned by Agnico Eagle and Yamana Gold. Continue Reading →

Last hurrah for the zinc price – by Frik Els (Mining.com – April 12, 2018)

http://www.mining.com/

Zinc hit a four month low of $3,135 a tonne on Thursday, down more than 12% from its decade high achieved mid-February.

Rising fears about trade protectionism have taken the shine off most base metals but zinc’s bearish outlook has more to do with new supply; and lots of it.

The metal, mainly used to galvanize steel, has more than doubled since hitting multi-year lows in January 2016 after the shutdown of major mines including Australia’s Century, the Lisheen mine in Ireland and top producer Glencore’s depleted Brunswick and Perseverance mines in Canada. Continue Reading →

COLUMN-LME options landscape suggests one last bull hurrah for zinc – by Andy Home Reuters U.K. – April 4, 2018)

https://uk.reuters.com/

LONDON, April 4 (Reuters) – Is that it for the zinc price or does the market have one last hurrah before the bull cycle turns?

London Metal Exchange (LME) zinc for three-month delivery hit a 10-year high of $3,595.50 per tonne on Feb. 15, the culmination of a gradual but relentless tightening of the supply chain that had been playing out over several years.

Since then zinc has been dragged lower in the broader risk-off pull-back in the industrial metals space and is currently trading either side of the $3,250-per tonne level. Analysts, such as Max Layton of Citi, believe there is still the potential for one last leg higher to $3,800-4,000 per tonne. Continue Reading →

PDAC 2018 Thayer Lindsley Award: Don Taylor, Arizona Mining Inc.

PDAC 2018 – Thayer Lindsley Award – Don Taylor from PENDA Productions on Vimeo.

http://www.pendaproductions.com/ This video was produced by PENDA Productions, a full service production company specializing in Corporate Communications with a focus on Corporate Responsibility.

Thayer Lindsley Award - Don Taylor, Arizona Mining.jpg

Don Taylor (left) and Rod Thomas, Chair of PDAC Awards Committee

This award recognizes an individual or a team of explorationists credited with a recent significant mineral discovery anywhere in the world.

Don Taylor, Arizona Mining Inc. – For the 2014 discovery of the Taylor lead-zinc-silver deposit in Arizona

When geologist Don Taylor joined the management team at Arizona Mining (then Wildcat Silver) in 2010 his main task was to move the company’s silver-manganese project in southern Arizona through advanced exploration to development.

At that time the surface oxide deposit posed a metallurgical challenge and Don, who graduated with a MSc from the University of Missouri, was eager to test the potential for sulphide mineralization at depth. Continue Reading →

Feast and famine in the global tin market(s) – by Andy Home (Reuters U.S. – March 21, 2018)

https://www.reuters.com/

LONDON (Reuters) – The last British tin mine closed in 1998. When South Crofty ceased operating, it brought the curtain down on two millennia of tin mining in the southwestern county of Cornwall.

However, hope springs eternal in Poldark country, as the region has been dubbed after the hugely successful television series based on the eponymous novels of Winston Graham.

Two companies are now actively looking at reviving Cornwall’s tin fortunes. Strongbow Exploration is focused on South Crofty itself, which needs to be dewatered before any new mining can occur. Continue Reading →

Canadian miner could reopen centenary Idaho mine – by Valentina Ruiz Leotaud (Mining.com – March 15, 2018)

http://www.mining.com/

Following the settlement of a longstanding Superfund lawsuit against the owner of the Bunker Hill Mine, the project’s Canadian operator might restart works at the site.

Toronto-based Bunker Hill Mining Co. told The Spokesman-Review that it would consider reopening the mine on a limited basis by the end of the year, while large-scale production could be possible in about two years.

The Canadian miner is leasing the lead-zinc-silver property located in Kellogg, northern Idaho, and has an option to buy it from the owner, Placer Mining Co.

Before doing that, Bunker would have to raise about $100 million. Continue Reading →

Nexa sees strong zinc prices, demand outpacing supply – by Susan Taylor (Reuters U.S. – March 6, 2018)

https://www.reuters.com/

TORONTO (Reuters) – Brazilian miner Nexa Resources expects demand for zinc to outpace supply, keeping prices for the metal at $3,400 to $3,500 a ton for the rest of the year, Chief Executive Tito Martins said on Tuesday.

Small mines in China, which previously ramped up output to meet demand, are unable to renew permits under new environmental policies and help meet demand growing at a rate of 2 to 2.5 percent annually, Martins said in an interview at the Prospectors and Developers Association of Canada conference in Toronto.

“Prices have been very stable between $3,400 and $3,500 and we are assuming the price should remain, at the least, at the level they are for the full year,” Martins said. Continue Reading →

Commentary: Sudden jump in zinc stocks threatens bull party – by Andy Home (Reuters U.K. – March 5, 2018)

https://uk.reuters.com/

LONDON (Reuters) – A bucket of cold water has just been poured on zinc’s bull fires. The London zinc price has been on a two-year romp, hitting a 10-year high of $3,595.50 a tonne last month.

The bull run has been fuelled by a narrative of tightness, first at the raw materials stage of the supply chain and more recently in the refined metal segment of the market.

That narrative, however, has just been upended by the delivery of 78,950 tonnes of metal onto warrant at the London Metal Exchange (LME). The “arrivals” showed up in today’s LME stocks report and break a long-running downtrend in LME stocks. Continue Reading →

Rockcliff Metals Corporation: King of Grade in Canada’s Most Prolific Mining Belt-Flin Flon-Snow Lake Greenstone Belt (March 2, 2018)

http://rockcliffmetals.com/

Rockcliff Metals Corp. (TSX.V: RCLF) is a company set for success. With royalty revenues just around the corner, RCLF is getting ready to show the world its full potential as its properties in Manitoba are demonstrating excellent results.

What is also intriguing about RCLF is Management’s ability to pick up amazing properties from staking high-quality prospects or from seasoned prospectors or joint-venture opportunities, like they did with a senior base-metal producer Hudbay Minerals who has had continuous mining in the world-class Flin Flon-Snow Lake Greenstone Belt (FF-SL GB) for nearly a century.

Over the past 10 years, RCLF has amassed over 45,000 collective hectares in this camp, spent over $27 million, completed over 80,000 metres of drilling and has grown its collective basemetal resources to over 11 Mt of high-grade copper, gold, zinc and silver, all in one of the richest and most prolific mining camps in the world. Continue Reading →

Mount Isa community reflects on 95 years as Australia’s ‘kindergarten of mining’ – by Harriet Tatham (Australian Broadcasting Corporation – February 22, 2018)

http://www.abc.net.au/

Founded on land belonging to the Kalkadoon people, one of Queensland’s longest-running mining towns has today turned 95. Known for its soaring plumes, spinifex, red dirt and heatwaves, mining is the lifeblood of Mount Isa — a fact the remote community steadfastly defends.

“Mount Isa really was the enduring strength of the mining industry,” long-time resident and former mayor of 18 years Ron McCulloch said. In an era of environmental consciousness, Mr McCulloch said the city could attract some criticism in 2018, but he did not believe the spirit had been lost.

“Nowadays I think people are much more motivated by wealth and looking after themselves more than looking after the city, so I think there’s been a little bit of a downturn in the affection people have for the mining industry and the city itself.” Continue Reading →