By Leia Michele Toovey- Exclusive to Lead Investing News The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines on-stream. Some existing producers have also shut down or curtailed output at mines and plants as high costs and low prices [...]
Read the full article: "Output cuts extend through lead and zinc..."
Saturday, January 24, 2009
Canada’s Lundin Mining Corp said that it will close its Galmoy zinc-lead mine in Ireland in May 2009, earlier than planned, because of a sharp drop in zinc prices. For full story, click here
Read the full article: "Lundin to close its Galmoy mine"
Thursday, January 22, 2009
Highland delays commissioning of its Novoshirokinskoye gold-silver-lead-zinc project and also defers majority of construction work at its Mayskoye project. For full story, click here
Read the full article: "Highland delays commissioning of..."
Tuesday, January 20, 2009
Acadian Mining says it scaling back operations at its Scotia zinc-lead mine in Canada. For full story, click here
Read the full article: "Acadian’s operations at Scotia"
Tuesday, January 20, 2009
By Leia Michele Toovey- Exclusive to Lead Investing News For the first quarter of 2009, the mantra of many lead and zinc miners is “survival”. After the price crash of 2008, many miners have gone underwater. This is forcing cutbacks, closures, acquisitions, and even some bankruptcies. There is no question that prices will rebound as commodity [...]
Read the full article: "Survival of the fittest for lead and zinc..."
Wednesday, January 14, 2009
Xstrata says has cut ore production by 20 percent at its McArthur River lead-zinc mine in Australia. For full story, click here
Read the full article: "Xstrata says it has cut production by 20..."
Sunday, January 11, 2009
By Leia Michele Toovey- Exclusive to Lead Investing News 2008 was a year for unprecedented losses for both the zinc and lead markets. As economic malaise spread around the globe, zinc for three month delivery fell about 49 per cent. Lead, due to its close ties to the auto industry, took a staggering plunge from [...]
Read the full article: "Zinc and lead in the New Year"
Wednesday, January 7, 2009
Highland Gold Mining delays commissioning of its Novoshirokinskoye gold-silver-lead-zinc project and also defers majority of construction work at its Mayskoye gold project. For full story, click here
Read the full article: "Highland delays commissioning of..."
Tuesday, January 6, 2009
Acadian Mining says it scaling back operations at its Scotia zinc-lead mine in Canada. For full story, click here
Read the full article: "Acadian to scale back operations at Scotia"
Friday, January 2, 2009
The prices of lead have fallen by more than 75% from its highs. For full story, click here
Read the full article: "Lead fell by more than 75%"
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Sunday, January 25, 2009