Australia has high-quality lead mines and the world’s largest reserves of the metal. That puts it in a good position to benefit from a further rise in lead prices.
Articles Tagged "Australia"
Ivernia Inc. (TSE:IVW) announced that it has decided to delay resuming transportation operations at its Magellan Mine in Australia.
Meridian Minerals (ASX: MII) has announced that 14 diamond drill holes drilled at the Kapok West prospect, on the Lennard Shelf Project in Western Australia has landed the company into a high grade lead and zinc mineralization. Meridian’s Managing Director, Jeremy Read is quoted saying: “Today we have announced our highest ever grade intersection, of [...]
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
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
Ivernia Inc., sole owner and operator of the Magellan lead mine in Western Australia, reported that it is aware of the press release issued on March 24, 2009 by Griffin Mining Limited indicating it proposes to make an unsolicited take-over bid for all of the shares of Ivernia. For full story, click here
Xstrata Ltd said on Wedenesday mining and transport operations were being disrupted by heavy rains in Australia’s Queensland state. For full story, click here
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 [...]
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 [...]
By Leia Michele Toovey- Exclusive to Zinc Investing News The global economic outlook seems to worsen everyday. The US, China, and India are witnessing an economic slowdown. Data coming out of Japan shows that the economy there has entered into a recession in the third quarter as corporate spending and export demand slumped. The 15 [...]