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 [...]
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
By Leia Michele Toovey- Exclusive to Lead Investing News Chinese lead and zinc refineries are interested in integration and expansion, but not mergers or acquisitions. The Chinese government showed its support by providing a plan to encourage the non-ferrous industries to restructure and integrate. The government has also mentioned that it wants to support the [...]
Arehada Mining Limited reported that its wholly owned Chinese operating subsidiary, Arehada Mining Corporation, has obtained further extension for its bank loans and has re-assembled its management team on site to prepare for resumption of mining operations. The company is now gearing up to resume its mining operations, thanks to the recent increase in zinc [...]
Chinese spot lead prices are expected to decline to RMB 10,000 ($1,462.16) per ton in the near future due to weak downstream demand from lead-acid battery manufacturers. For full story, click here
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