Gemini Explorations, Inc. announced the viable economic recovery of lead at their La Tapata Gold Mine. The Calgary, Alberta, Canada based company confirmed that the recovery would be based on the use of Diazem Corporation‘s proprietary separation and capture process. As previously reported, this process allows for the capture of a uniquely high percentage [...]
Canadian Teck Cominco Ltd. will be closing their Lennard Shelf zinc and lead mine in Australia due to the drop in zinc prices. In 2007 the mine produced 42,100 tonnes of zinc and 12,400 tonnes of lead. The International Lead and Zinc Study Group showed a surplus of 41,000-tonnes of lead for the first half [...]
A court settlement will see California phase out the use of lead wheel weights by the end of 2009. The lead is used to balance vehicle tires. The EU banned lead wheel weights in 2005 and they are being phased out in Japan and South Korea. Lead is a highly toxic metal that can cause [...]
Indian lead futures jumped more than 5 percent on increasing cancelled warrants. Debjyoti Chatterjee, vice-president, MAPE Admisi Commodity Pvt Ltd, said: It’s the increase in cancelled warrants that has supported the lead rally, which is a clear indication that there is physical demand. For more information, click here
Reports on lead prices indicated trading at $1800/1825 compared to Tuesday’s close at $1800. The global lead market was in surplus by 41,000 tonnes in the first six months of 2008, the International Lead and Zinc Study Group‘s (ILZSG) said. Read the entire article here.
Colorado Goldfields Inc. began drilling at its Mogul mine project in San Juan County, Colorado. The Mogul mine contains high-grade zince, lead and silver. The historic ore grade from the Mogul is approximately 6.5% zinc, 4% lead, 0.75% copper and varied precious metal content. Vein widths of up to 50 feet have been reported and [...]
Bulgarian lead mines may shut down temporarily due to falling lead prices. Executive secretary of the Bulgarian mining and geology chamber, Petar Petrov, said: Some of Bulgaria’s zinc and lead mines may have to be shut down temporarily if the price of the two metals on global markets continues to fall. Click here for full [...]
Rising gas prices and a search for a more environmentally friendly commute finds the sale of electric bikes up. Electric bicycles are powered by batteries including lead-acid batteries. The surging cost of gasoline and a desire for a greener commute are turning more people to electric bikes as an unconventional form of transportation. They function [...]
Report of delays in lead shipment from Australia saw lead futures rising up to 3 percent. Ivernia Inc (IVW.TO: Quote, Profile, Research) does not expect approval to restart its idle Magellan lead mine in Australia until September and will take several months from then to be fully operational. Benchmark lead for August delivery MLDQ8 on the MCX was [...]
Speculative buying lead to a rise in lead futures of 1.55 percent. An expected demand for lead for things such as batteries lead to traders buying. The most-active September contract for lead was trading 1.55 per cent higher at Rs 75.20 per kg with a business volume of 12 lots on the country’s leading Multi [...]
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