Lead Investing News reports lead prices have been declining with the global recession and companies having to cut or hold their plans to bring on new mines.
Some existing producers have also shut down or curtailed output at mines and plants as high costs and low prices bite. Zinc and lead producers have taken some of the [...]
Lead Investing News reports carbon tax imposed on lead and zinc miners could bankrupt them.
Canadian Zinc Corporation (TSX:CZN) announces its financial results for the quarter ended September 30, 2008. As at September 30, 2008, Canadian Zinc had cash, cash equivalents and short term investments of $24.2 million and a positive working capital balance of $23.9 million. [...]
Zinc Investing News reports the carbon tax in Australian may bankrupt the zinc and lead miners.
Nyrstar, the countries largest zinc and lead miner, issued a response to the governments proposed taxation scheme. Chief Operating Officer Greg McMillan said modeling prepared for the company showed that the taxation would cost the company $70 million a year, assuming a carbon [...]
Zinc Investing News reports zinc and lead prices rallied with the stocks reflecting its current state of global market crisis.
The world’ second largest zinc producer, Teck Cominco Ltd, has declared force majeure on sales from its Alaskan based Red Dog Zinc mine due to bad weather. Sales will be cut for six months, following the fact [...]
Lead Investing News reports lead and zinc prices reflect the recent weakness in global markets.
On Tuesday, Breakwater Resources announced the shutdown of its Myra Falls Zinc Mine. The announcement came shortly after rumours began circulating about the shutdown. The mine closure is due to the global economic climate; poor commodity prices plus rising production costs [...]
Monday, January 26, 2009
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