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 [...]
Imperial Metals (TSE:III) announced today that they have signed a definitive agreement to acquire all the outstanding shares of Selkirk Metals (CVE:SLK). The purchase price is $0.12 per Selkirk share or one Imperial share for each 30 Selkirk shares. With 87.5 million shares outstanding, this puts a value on Selkirk of approximately $10.5 million. From [...]
By Leia Michele Toovey- Exclusive to Lead Investing News Lead and zinc prices both started 2009 strongly, but as the year has progressed lead’s better near term fundamentals have led it to continue as the more robust of the two metals. Zinc stocks on the London Metal Exchange have consistently risen; through the month of [...]
By Leia Michele Toovey- Exclusive to Lead Investing News Positive sentiment that spread through the markets during the week edged up most of the base metals. The U.K. benchmark FTSE 100 Index jumped 0.9 per cent and Japan’s Nikkei 225 Stock Average closed 2.7 per cent higher in Tokyo. Pessimistic data still came out of [...]
Hindustan Zinc Ltd., India’s only integrated producer of zinc and lead, announced financial results for the third-quarter, reporting lower net profit on declined revenues, despite highest ever quarterly metal production from all the existing smelters. 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 [...]
Vedanta Resources group firm Hindustan Zinc today said it has retained the prices of zinc and lead at last week&aposs level of Rs 71,000 and Rs 69,000 a tonne. For full story, click here
A company of Vedanta Group in zinc and lead business, is the world’s second largest producer of zinc-lead. The Zinc-Lead prices are being updated every Thursday and Saturday. 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 [...]
Tuesday, May 25, 2010