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Mining news: ZINCCommodities: Is it time to buy copper and nickel againOnce they were the hot funds. Now Patrick Collinson asks if they’re leading a new bull run The price of oil went below $40 a barrel, but is now around $70. Copper collapsed from $9,000 a tonne to below $3,000; now it is above $5,000. Nickel, zinc and tin China to Become Net Zinc Exporter in 2009, Morgan Stanley SaysChina may become a net exporter of zinc beginning this year as smelters step up production on higher prices, Morgan Stanley said. The country’s net exports of zinc may reach 500,000 metric tons in 2010, moderating to 430,000 tons in 2011 and 300,000 tons Teck to erase more debt thanks to C$1,74bn Chinese investmentin one of Canada’s biggest resources companies, producing metallurgical coal, copper, zinc, gold and with interests in oil sands assets. China is consolidating its fragmented steel industry and is expected to be a key buyer of the company’s hard coking Canadian Zinc says Vatukoula gol…Canadian Zinc Corp. said Tuesday that Vatukoula Gold Mines plc, in which it holds a 20 per cent stake, has reported an increase in gold production for its quarter ended May 31. The company said as a result of an increase in underground mine production Farallon ships first zinc concentrate to CanadaTORONTO (miningweekly.com) ? Vancouver-based Farallon Mining has shipped the first load of zinc concentrate from its G-9 mine, in Mexico, to a North American smelter. The firm has already sent concentrate to Asian smelters, beginning with deliveries to Tokyo Commodity Exchange May List Copper as It Aims for ProfitsTokyo Commodity Exchange Inc. may add copper, zinc, lead and liquefied petroleum gas to its listed products as Japan’s largest raw material bourse aims to boost volumes and return to profit next fiscal year. Korea Zinc Reduces Stake In Kagara To 6.6 pct From 13.7 pctKagara Ltd.’s long standing major shareholder Korea Zinc Co. Ltd. has reduced its stake to 6.6% from 13.7%, the company said Thursday. Korea Zinc owns the Sun Metals zinc refinery in Queensland state, which has a life-of-mine off-take agreement with India s zinc production up by 17 pct in MayMUMBAI: Hindustan Zinc?s (HZL) expansion plans are bearing fruits now with India?s zinc production witnessing a huge leap in May. According to HZL, the company?s May output recorded a 15 per cent rise at 46,801 tonnes as compared to 40,698 tonnes Where next for the bonus culture?Last year at mining company Xstrata, for example, Mick Davis, the chief executive, was paid a package worth almost £14m - that’s 424 times the average salary paid to Xstrata employees. This inevitably raises questions over whether, in an organisation that employs thousands, any one person can really be worth that kind of pay differential. Kabwe zinc mine due to re-openGOVERNMENT says it has almost completed negotiations with Alberg Mining and Exploration to finally take-over Kabwe Zinc Mine from Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH). Minister of Mines and Minerals Development, Maxwell Mwale Xstrata green light for Tampakan Copper-Gold project boosts Indophil ResourcesXstratas businesses maintain a meaningful position in seven major international commodity markets: copper, coking coal, thermal coal, ferrochrome, nickel, vanadium and zinc, with additional exposures to platinum group metals, gold, cobalt, lead and Silvercorp’s GC now at 28.4 million oz Ag M+IMr. Rui Feng reports MEASURED AND INDICATED SILVER RESOURCES INCREASE BY 250% AT SILVERCORP’S GC SILVER-ZINC-LEAD PROJECT Measured and Indicated Silver Resources Increase by 250 pct at Silvercorp’s GC Silver-Zinc-Lead ProjectSilvercorp Metals Inc. (TSX:SVM - News)(AMEX:SVM - News) (’Silvercorp’) is pleased to announce an updated mineral resource estimate for its GC silver-lead-zinc project located in the Guangdong Province, Southern China. The updated mineral resource Copper, zinc, silver and gold miner Kazakhmys has low market ratingAn analysis of London quoted. Kazakhstan based, Kazakhmys, one of the world’s top 10 copper producers and also a significant miner of zinc, gold and silver. Teck cuts copper output due to pit wall movementzinc and metallurgical coal, which is used in the steel-making process. It also has assets in Alberta’s oil sands. Just after midday, Teck’s shares were down 1.4 percent at C$18.24 on the Toronto Stock Exchange, the weakest Toronto-listed base metals UPDATE 2-Teck cuts copper output due to pit wall movementzinc and metallurgical coal, which is used in the steel-making process. It also has assets in Alberta’s oil sands. Just after midday, Teck’s shares were down 1.4 percent at C$18.24 on the Toronto Stock Exchange, the weakest Toronto-listed base metals Klondike Silver Corp. Samples 420 g/t Silver, 34.0 pct Zinc and 3.7 pct Lead on Silverton Creek Property- Klondike Silver Corp. (TSX VENTURE:KS - News; the ‘Company’) is pleased to announce recent exploration programs have discovered new silver-rich prospects while also confirming the potential of targets similar to past-producing mines within the Slocan Canadian Zinc says Vatukoula gold mine increased production for latest quarterCanadian Zinc Corp. said Tuesday that Vatukoula Gold Mines plc, in which it holds a 20 per cent stake, has reported an increase in gold production for its quarter ended May 31. The company said as a result of an increase in underground mine production Kosovo urged to rehouse Roma, away from lead mineA human rights group urged Kosovo authorities on Wednesday to resettle some 700 Roma people living near the country’s largest lead and zinc mine, saying pollution from it was stunting some children’s growth. Binani Zinc Limited to increase zinc ingot sales by 5 pctAccording to Binani Zinc Limited, due to the increased domestic demand, it estimates that in 2009-10 year, it will increase the zinc ingots’ sale capacity by 5% than 2008 and the net income expected to increase by 10%. In 2008, the companys sales of zinc |
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