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 "xstrata"
Though mining giant Xstrata will be closing down its Brunswick mine in the first quarter of next year, Canada's lead production is set to receive a boost from enterprising juniors.
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 Zinc Investing News In their bi-weekly price review, Hindustan Zinc Limited announced that effective Saturday, it had cut its prices of zinc, but held lead rates steady. Zinc prices will drop by Rs 800 per tonne to Rs 68,900; whereas lead maintained the Rs 70,200 per tonne level. Lead prices have [...]
Xstrata said it is restructuring lead operations at its Mt Isa mining and processing complex in Queensland, Australia. Handlebar zinc-lead mine also to be mothballed from February 12th 2009. 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 Lead Investing News The recent price crash in the metals means that many miners who were once raking in cash are now cutting output and suspending operations just to stay afloat. Analysts are already bracing for metal prices to skyrocket when demand recoups. The mining boom we just witnessed [...]
By Leia Michele Toovey- Exclusive to Lead Investing News The zinc industry has been quick to respond to the slump in prices and a host of producers have announced cutbacks and closures. However, without a definitive shift in the current global economic current; supply cuts have yet to directly improve pricing. In Shanghai, spot [...]
By Leia Michele Toovey- Exclusive to Lead Investing News Shanghai base metals fell by their daily limits on Friday, chasing steep falls on the London Metal Exchange (LME). The Exchange said it would make an announcement about which contracts would be suspended after the market closed. So far this year, zinc prices are down 52 per [...]