Glencore to Close $475 Mln Mina Justa Deal in Oct
Reuters reports that Glencore (LON:GLEN) expects to close its $475 million acquisition of Peru's Mina Justa project in October.
Lead Market News Directory
China Hikes Smelting, Steel Capacity Cuts
Reuters Africa reports that China has ordered local governments to cut a total 2.04 million tonnes of aluminium, copper, lead and zinc smelting capacity in 2011.
Lead Inventories Fell for a Seventh Day
Bloomberg reports that Lead inventories inched down for a seventh day.
Mineral Output Slumps 14.5 Percent in April
The Economic Times reports that mineral output is down in India for the month of April.
Johnson Controls to Convert Ohio Plant to New Batteries
Bloomberg reports that Johnson Controls (NYSE:JCI) will stop producing lead-acid batteries at its Ohio plant in favor of AGM batteries.
Nyrstar Bids for Breakwater, Sending Shares to 3-Year High
Bloomberg reports that Nyrstar (EBR:NYR) plans to make a C$619 million ($630 million) bid for Breakwater Resources Ltd. (TSE:BWR).
ECU Silver Enters High Grade Workings of Terneras Mine
ECU Silver Mining Inc. (TSE:ECU) updates on the sampling results from its Terneras Mine.
China Shuts Most Lead-Acid Battery Producers to Curb Pollution
Bloomberg reported that new pollution legislation forced some Chinese battery producers to shut down.
Canadian Zinc Corp Cuts Bought Deal Offer Price by 11 pct
Reuters reports that Canadian Zinc Corp (TSE:CZN) shares dropped by 7 percent after cutting the offer price of the company's $5 million bought deal by 11 percent.
Exxaro Seeks Bids for Zinc Assets
Reuters Africa reports Exxaro (JNB:EXX) has invited bids for the company's stake in a zinc and lead mine in Namibia.
