Chinese controlled Perilya has turned its iconic Broken Hill lead and zinc mine cash-positive after a long period of losses and depressed metal prices had threatened to shut down the operations. Managing Director Paul Arndt stated: We are confident we can continue our improved cost performance through the balance of the financial year. For full [...]
Read the full article: "Perilya’s lead mine back in the black"
Tuesday, April 28, 2009
Lead futures hit the lower circuit today and lost 5.01 per cent on sustained selling, sparked by dwindling trend in its prices at the London Metal Exchange. For full story, click here
Read the full article: "Lead Futures has hit lower circuit on weak..."
Wednesday, April 15, 2009
The Environmental Protection Agency reported that it is still deciding whether to add a Jefferson County lead mining site to its National Priorities list, a move that could speed up cleanup of the site. For full story, click here
Read the full article: "EPA has weighed adding Jefferson Co. to..."
Tuesday, April 14, 2009
Breakwater Resources Ltd. declared that it has closed its previously announced public offering for gross proceeds of $20 million. For full story, click here
Read the full article: "Breakwater Resources completed $20 mln unit..."
Friday, April 10, 2009
Xinling Refining Co., a Chinese lead and zinc smelter that shut 60 percent of its capacity last year announced that it has restarted half of its idled lines as metal prices rebounded. For full story, click here
Read the full article: "Xinling Refining restarts idle lead capacity..."
Wednesday, April 8, 2009
UK-based Griffin Mining reported that it has scrapped its plans to take over Canadian group Ivernia for $C27m and acquire its Magellan lead mining operation in Western Australia. For full story, click here
Read the full article: "Griffin scrapped plans to take over Magellan..."
Wednesday, April 8, 2009
As per sources at smelter and battery makers, higher vehicle sales may drive up second-half demand for lead in China, the world’s top lead and automobile market. Tang Chenghe, chairman of smelter Anyang Yubei Gold and Lead stated: There will be a gap between the car sales and demand for lead. (The demand) would be [...]
Read the full article: "China’s H2 lead demand to drive up..."
Tuesday, April 7, 2009
Firestone Ventures Inc. has completed phase 1 of this season’s surface exploration program. The work included aerial surveys of the Torlon Hill project area that is zinc-lead-silver project area in western Guatemala and reconnaissance fieldwork on Firestone’s newly acquired landholdings. For full story, click here
Read the full article: "Phase 1 of Torlon exploration completed by..."
Monday, April 6, 2009
By Leia Michele Toovey- Exclusive to Lead Investing News As the global economy arguably trots down the path to a recovery, the metals are diverging in prices due to differences in their fundamental dynamics. Lead was the second-best performer of the LME metals last quarter, coming in a few percentage points behind copper. Lead gained [...]
Read the full article: "Lead and zinc positioned for recovery"
Thursday, April 2, 2009
Terramin Australia Ltd reported that it has commenced financing for a proposed zinc and lead mine in Algeria, securing $32 million from investors in China and Europe. For full story, click here
Read the full article: "Terramin Australia gets backing for Algeria..."
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Tuesday, April 28, 2009