Zinc Producers End Q1 2013 on a Positive Note
Zinc – Some Peruvian projects have been affected by local troubles, but zinc miners on the whole look strong.
Zinc – Some Peruvian projects have been affected by local troubles, but zinc miners on the whole look strong.
Copper – Lundin Mining Corporation (TSX:LUN, OMX:LUMI) announced their results for Q1, including net earnings of $50.1 million ($0.09 per share) for the quarter ended March 31, 2013.
Cobalt – Lundin Mining Corporation (TSX:LUN, OMX:LUMI) announced their first quarter results and highlights, including the closure of the of the acquisition of the Kokkola cobalt refinery. As quoted in the press release:
Cobalt – OM Group (NYSE:OMG) announced that they have divested their cobalt business to a joint venture between Freeport-McMoRan Copper & Gold Inc., Lundin Mining Corporation and La Generale des Carrieres et des Mines (Gecamines) for $325 million.
Copper – Lundin Mining Corporation (TSX:LUN, OMX:LUMI) announced fourth quarter and full year for 2012 results, including net earnings before impairment charges of $45.0 million ($0.08 per share) for the quarter ended December 31, 2012.
Zinc – The zinc market remains lackluster amid the release of 2012 figures from the International Lead and Zinc Study Group.
Owning the supply chain is one way for miners to wring added value from their operations in an ever-tightening economy.
Cobalt – Lundin Mining Corporation (TSX:LUN, OMX:LUMI) announced that it will acquire a large scale cobalt chemical refinery in Kokkola, Finland.
Copper – Lundin Mining Corporation (TSX:LUN, OMX:LUMI) announced their production guidance for 2013 through 2015.
Zinc – Zinc miners preparing for an upcoming supply shortage are beginning to voice their intentions to build up capacity through takeovers and expansion.
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