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Gold/Mining/Energy : ZINC The base metal. News and Views. Symbol Zn -- Ignore unavailable to you. Want to Upgrade?


To: diddlysquatz who wrote (3243)4/26/2013 3:38:59 PM
From: Goose94  Respond to of 3270
 
Zinc Producers End Q1 2013 on a Positive Note

Leading global zinc producer Peru is going to keep growing its production. But not as fast as some might expect, according toBusiness Monitor Int’l.


Peruvian zinc output is forecast to grow 2.5 percent annually between 2013 and 2017, according to a report released by the group last month. The bulk of the gains are expected to come from a $1.3-billion expansion of the Antamina mine.

Business Monitor notes, however, that growing local opposition to mining will be a significant hindrance to Peruvian production growth. The group said it expects mining protests to delay the start up of the Antamina expansion beyond the forecast 2015 initiation.

Elsewhere in the world, analysts think the past quarter may have been surprisingly good for zinc producers, with a number of companies showing unexpected strength.

Major global producer Hindustan Zinc (BSE:500188) is expected by financial pundits to increase its after-tax-profits by 26.7 percent year-on-year, according to CNBC.

The company’s net sales are thought to have grown by 13.4 percent, while EBITDA is believed to have jumped 10.5 percent.

The gains would come even as London Metal Exchange zinc prices fell during the quarter: zinc neared $1 per pound in early February, but then declined steadily to below $0.85 per pound in early April. Prices currently sit near $0.86 per pound.

Analysts are cautioning, however, that silver volumes — particularly from the company’s SK mine — may show a sizeable decrease. Hindustan has been lowering guidance on its silver production during the last few quarters.

Indian zinc production as a whole fell 7.3 percent in February, according to numbers released this month by the government.

Mexican zinc producer Industrias Peñoles (OTC Pink:IPOAF) is also showing signs of growth. The company reportedly signed a deal with Finnish mining supplier Outotec (HEL:OTE1V) for the delivery of grinding mills for three new ore concentrators set to be built in Mexico over the next few years.

The order is worth approximately 30 million euros.

There was also bullish news on Chinese production, with major producer China Polymetallic Mining (HKEX:2133) stating that it expects to double it’s production of zinc and lead concentrates this year.

The company forecasts output for the coming year at 730,000 metric tons (MT). Polymetallic’s production in 2012 totaled 344,000 MT.

Growth is mainly coming from the company’s Shizishan mine in Yunnan. The mine reached full capacity of 2,000 MT per day at the end of 2012.

News from Kazakhstan was less bullish this month. Major producer Kazakhmys (KAZ-LSE ,HKEX:0847) reported that zinc mine production declined 15 percent during the company’s first quarter of 2013.

Zinc in concentrate output fell 18 percent compared with the previous quarter. The fall came as ore grades declined at the company’s Artemyevsky mine. Output was also affected by stripping work at the Abyz mine, which disrupted regular mining operations.

Company news

Lundin Mining (LUN-T) said this month that it expects to produce 118,000 to 128,000 MT of contained zinc metal in concentrate during 2013.

Zinc and lead production from the company’s Zinkgruvan mine came in lower than expected for the past quarter. Cash costs for the quarter were also higher than forecast, at $0.42 per pound due to lower production volumes and fewer by-product metal credits.

Lundin said, however, that it should make up the production shortfall during the coming quarters and finish 2013 within previous guidance.

Up-and-coming producer Trevali Mining (TV-V) announced that it is ever closer to flipping the switch at its Santander zinc-lead-silver project in Peru.

The company said this month that all major civil construction at the project has been completed. Plant circuits have been installed and are currently undergoing dry commissioning.

Trevali is preparing for production by stockpiling mineralized material from the mine stopes. Santander is expected to process 2,000 MT per day.

Production hopeful Berkeley Mineral Resources (BMR-LSE) said this month that test work is proceeding toward optimizing recoveries from its Kabwe zinc-lead project in Zambia.

Ore samples have been sent to company consultants to verify recovery methods. Berkeley expects to release a prefeasibility study and scoping study based on this work.

The company also noted that it has been granted a processing license from the Zambian Ministry of Mines.

On the exploration front, Avrupa Minerals (AVU-V) reported an intriguing twist at its Alvito silver-lead-zinc project in Portugal.

Widespread chip sampling across the project has revealed significant potential for associated gold and copper mineralization. A total of 14 samples collected returned gold values ranging from 0.4 ppm up to 3.95 ppm gold. Nearly a third of all samples show copper values greater than 0.25 percent.

The company also notes in its press release that the program identified a previously unknown epithermal silver-lead-zinc vein system. The Alvito license covers 988 square kilometers in the storied Iberian Pyrite Belt.

Fellow zinc explorer Prominex Resource (PXR-V) put some juice into company coffers this month, closing a $320,000 financing.

The company will use the proceeds to explore its Tulks Hill and Lake Bond base metal properties, located in Central Newfoundland, where polymetallic resources of gold, silver, zinc, lead and copper have been identified.

Insiders of the company subscribed for 16.5 percent of the raise.



To: diddlysquatz who wrote (3243)5/8/2013 12:58:16 PM
From: Goose94  Respond to of 3270
 
Xstrata Reboots Zinc Mines

Xstrata Zinc is on track to reopen two mines in Sudbury, ON.

The Errington and Vermillion mines, which been closed for decades, are proving to be attractive again with a number of large zinc mines closing around the world.

Brad Ryder, of corporate affairs for Xstrata, construction would start by 2014, it’s a $350 million capital project. As for mine life, right now we’re looking at between 7 and 10 years and what we would do is mine the sites sequentially, he said.

We’d mine Errington deposit first and then the Vermillion deposit. The Errington Mine is the bigger of the two sites, with a 6 million tonne deposit, while the Vermillion site boasts a 3 million tonne deposit.

Errington 5.8 million tonne ore body with 4% zinc, 1.4% copper, 1% lead, 50 g/t silver and 0.7 g/t gold. We would be looking at a yearly concentrate of around 74,000 tonnes of zinc, 40,000 tonnes of copper and 12,000 tones of lead. The Errington mined from 1924 to 1928, while the Vermillion site was active from 1951 to 1957.

Zinc mines coming to their end of life, the Brunswick mine near Bathurst, NB. prepared to shut down, mine in Ireland called Lisheen, is closing and another in Australia closing soon. That’s roughly 15% of the world’s zinc production coming off-line next few years because of those three major mines.



To: diddlysquatz who wrote (3243)5/13/2013 3:31:42 PM
From: Goose941 Recommendation  Read Replies (1) | Respond to of 3270
 
New York to be Testing Ground for Zinc-air Battery Technology

While zinc has been used in batteries since the industry’s early days, it is only recently that the metal has started to become more of a major player in the sector. The reason? New research is allowing zinc to do what other materials cannot — for one, via zinc-air battery technology it can provide grid-scale energy storage at “unprecedentedly” low prices.

At least that’s what Eos Energy Storage, a company focused on creating low-cost energy storage solutions, believes. And the company intends to prove it — it recently partnered up with Consolidated Edison Company of New York (Con Edison), a subsidiary of Consolidated Edison (ED-NY), which plans to use a $250,000 New York State Energy Research and Development Authority grant to test one of Eos’ batteries on New York’s grid.

Eos describes the pilot program as a “milestone,” noting in a press release that it is set to start up toward the beginning of 2014. The battery that will be tested is the Eos Aurora, a 1MW/6MWh grid-scale battery that is the company’s core product. It is “backed by Eos’s novel, low-cost and proprietary zinc hybrid cathode technology, which has a 75% round-trip efficiency rate and a 10,000-cycle/30-year lifetime.”

Michael Oster, CEO of Eos, commented, “[o]ur belief is that affordable energy storage will improve the efficiency and resilience of the electricity grid while reducing costs for utilities and customers alike, and it is a great opportunity to prove this together with a pre-eminent utility like Con Edison.”



Pricing is key

As a MIT Technology Review article explains, in metal-air batteries, such as those made with zinc, metal reacts with oxygen from the air to produce electricity. These batteries are attracting interest because they can store more energy than lithium-ion batteries and, because they use low-cost zinc, could ultimately be cheaper than lead-acid batteries, which are the cheapest and most widely used type of battery.

This low pricing is what has Con Edison excited about the Eos Aurora. Greentech Media notes that Eos is aiming for a total system cost of $1,000 per kilowatt, which comes to $160 per kilowatt hour of energy storage. That’s significantly lower than the cost of running today’s flow batteries — Greentech states that they are being priced between $400 and $600 per kilowatt hour even as they operate less efficiently than Eos’ battery. Lithium-ion batteries are even more expensive, sitting at $800 to $1,000 per kilowatt hour, though they do provide “certain power delivery strengths” that the Eos battery does not.



Tackling rechargeability

Another attractive quality of the Eos Aurora is that according to Eos, it does not have the rechargeability issues common to zinc-air batteries. While most batteries of this type are not rechargeable due to how their anodes and cathodes are affected by air, Eos has avoided that problem by using “what’s essentially salt water as an aqueous electrolyte in its battery cells,” Greentech states.

In doing so, it has gotten the battery up to 6,000 cycles in the lab, putting it on par with lithium-ion batteries.



Slow and steady wins the race?

Philippe Bouchard, Eos’ business development manager, told Greentech that Eos currently has five other partners, as yet unnamed, testing “smaller-scale” versions of the battery. Looking ahead, the company expects to announce more large utility partners this summer.

All of these relationships are in aid of commercializing the Eos Aurora, but don’t expect to see the battery in widespread use for awhile. Bouchard stressed that the company is still in the early stages of development and does not plan to rush forward, noting that its other unannounced partnerships will likely progress at the same pace as the one with Con Edison.