Ivernia Announces Delay of the Resumption of Operations From the Magellan Mine
Ivernia Inc. (TSE:IVW) announced that it has decided to delay resuming transportation operations at its Magellan Mine in Australia.
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Meridian Minerals Lands on High Grade Lead and Zinc at Kapok West
Tuesday, May 25, 2010
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 [...]
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Griffin scrapped plans to take over Magellan Bid
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
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Terramin Australia gets backing for Algeria mine
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
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Ivernia reported comments on unsolicited take-over proposal
Friday, March 27, 2009
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
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Xstrata: Australia mines hit
Tuesday, February 17, 2009
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
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Output cuts extend through lead and zinc industry
Sunday, January 25, 2009
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 [...]
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Survival of the fittest for lead and zinc miners
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 [...]
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Zinc and lead companies underwater
Sunday, November 23, 2008
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 [...]
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Market surplus continues to affect lead
Monday, September 8, 2008
By Heather Matthews – Exclusive to Lead Investing News Current market climate Over the past nine months, zinc and lead spot prices have declined 26 per cent as a result of a long-term market surplus that has negated demand for the base metals worldwide. The impact of this surplus is manifesting itself in myriad forms [...]
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Asides
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