Ivernia Inc. has entered into a $20-million secured load facility with Sprott Resources Lending Partnership. The funds will be used to restart operations at Ivernia’s Paroo Station lead mine in Western Australia. Ivernia has already drawn down $15 million.
The Paroo Station mine was suspended after Ivernia received a stop order from the environment ministry relating Read more
By Barry Fitzgerald
THE historic Broken Hill zinc-lead-silver mine in western NSW is to keep on giving after 127 years of production.
The Chinese-controlled Perilya acquired the ageing operation in May 2002 from the collapsed Pasminco, Read more
SWISS miner Xstrata will spend an extra $59 million on its Lady Loretta zinc and lead mine in northwest Queensland, bringing the total cost to $362m.
However, it has not revealed the extra metal production the work will bring. Read more
Canadian Zinc Corp. of Vancouver and the Government of the Northwest Territories continue to co-operate, advancing their August 2011 socio-economic agreement for the development of the Prairie Creek zinc-lead mine 200 km west of Fort Simpson.
On Aug. 13, 2012, Canadian Zinc played host to a number of dignitaries at the mine site. The guest list included the premier Bob McLeod; minister of industry, tourism and investment David Ramsey; minister of justice and human resources Glen Abernethy as well as Herb Norwegian, grand chief of the Dehcho First Nations. Read more
By Cole Latimer
Australia’s MMG – a subsidiary of the China Minmetals Group of companies – has been given approval to begin mining one of the world’s largest zinc, lead, silver deposits.
The Queensland state government has granted final environmental approvals Read more
Tamerlane Ventures Inc. is an exploration and development mining company with advanced base metal development projects in Canada and Peru. The Company is working towards bringing the world-class zinc-lead Pine Point Property back into production in Northwest Territories, Canada, and developing its Los Pinos heap leach copper project in Peru.
Resource Intelligence’s Executive Editor, Doug Hadfield, spoke with CEO Mike Willett at PDAC in March 2012.
In April (following this interview) the company reported that it had filed an updated NI 43-101 Technical Report for its R-190 and five other deposits at the Pine Point project. Investors can find out more about Pine Point and the company’s other resource projects at http://www.tamerlaneventures.com/
By Henry Meyer
Russian Technologies Corp., a state-run holding company, plans to set up a $1 billion joint- venture with Bank Saderat Iran to develop a lead and zinc mine in Iran, Kommersant reported, without citing anyone.
The project may be complicated by the fact that the Iranian bank is under Read more
YUKON – Indicated resources are increasing at the Selwyn zinc-lead project that straddles the Yukon-Northwest Territories border. The project is operated by Selwyn Chihong Mining, a joint venture of Selwyn Resources of Vancouver and Chihong Mining Canada,
The global indicated resource increased totals180.7 million tonnes grading 5.26% Zn and 1.83% Pb, for a total contained metal resource of 20.9 billion lb of zinc and 7.3 billion lb of zinc. Read more