Archive for the ‘Zinc’ Category
Tuesday, December 5th, 2006
A placement to institutional investors has raised A$11-million for Terramin Australia as the emerging zinc producer looks to accelerate work on its flagship projects in Algeria and South Australia.
The company announced on Thursday it had placed 6,7-million ordinary shares at A$1,64 a share in a capital raising arranged by, and ...
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Tuesday, December 5th, 2006
Kazakhstan's zinc producer Kazzinc, which is controlled by Glencore International AG, has obtained its first ore at the Shaimerden ore deposit in the Kostanai region of Kazakhstan, the company announced Wednesday.
The deposit has ore reserves of 5 million metric tons and zinc in ore content is over 900,000 tons.
The ore ...
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Tuesday, December 5th, 2006
The global zinc market was in a deficit of 304,000 metric tons between January to September, while the lead market was nearly balanced, the International Lead and Zinc Study Group said Wednesday.
Zinc production rose to 7.904 million tons during the first nine months of 2006, up 3.7% on the same ...
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Tuesday, December 5th, 2006
ShalkiyaZinc, the holding company of one of the leading zinc and lead mining companies in Kazakhstan, Monday announced its intention to launch an initial public offering (IPO) of ordinary shares in the form of Global Depository Receipts (GDRs), offered to international institutional investors.
ShalkiyaZinc intends to apply for a listing of ...
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Thursday, November 30th, 2006
Zinifex Ltd believes it can beat last year's record $1 billion profit if zinc prices retain their sparkle around historic highs.
Chief executive Greg Gailey told reporters after the zinc and lead producer's annual general meeting in Melbourne the average zinc price was up 160 per cent from 2005/06.
"If the zinc ...
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Thursday, November 30th, 2006
Prominex Resource Corp. (TSX VENTURE:PXR) announced Monday that diamond drilling at the Tulks Hill Property has intersected additional high-grade base metal massive sulphides in the T-3 lense at its Tulks Hill Property, Newfoundland.
Holes TH-06-26 to TH-06-28 were drilled 30 meters east of holes TH-06-23 to 25 with the objective of ...
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Thursday, November 30th, 2006
OAO Chelyabinsk Zinc Plant (CHZN.RS), or ChelZinc, said Tuesday it will supply 2,400 tons of zinc-aluminium alloy to ThyssenKrupp AG (TKA.XE) between February and July next year.
The product will be supplied through Euromin, Swiss trading company.
Chelyabinsk Zinc Plant was included as ThyssenKrupp supplier after successfully passing through an expertise review ...
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Friday, November 10th, 2006
Canadian miner Teck Cominco Ltd. expects zinc shipments from the Lennard Shelf mine restart towards the end of the first quarter in 2007, Teck Cominco said Tuesday.
Work to restart the idled Australian mine, an equal share joint venture with Switzerland-headquartered Xstrata PLC, was progressing on schedule, Teck Cominco said in ...
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Friday, November 10th, 2006
India's Hindustan Zinc Ltd. Tuesday said its fiscal second-quarter net profit rose more than six times helped by higher prices and metal volumes.
The company's net profit jumped to INR12.98 billion in the July-September quarter from INR1.96 billion in the same period a year earlier.
The company's revenue more than tripled to ...
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Friday, November 10th, 2006
Teck Cominco executives Tuesday forecast that world zinc stocks will contain only 11 days of supply by the end of this year, and may sink so low that it could "constrain metals consumption."
In a conference call to discuss third-quarter financial results, the Vancouver-based miner also noted that lead LME stocks ...
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