Ukraine: Ukrzinc declared bankruptWed, 04 Oct 2023 00:00:00 GMT
In August, the Commercial Court of Donetsk region declared Ukrzinc OJSC bankrupt. The company has not been operating since 2002. New plants, such as Svinets LLC and Zinc PJSC, have appeared on its manufacturing assets. Ukrzinc was founded in Konstantinovka in 1930 to produce zinc. Its capacity then was 12 thousand tons of zinc pe
Mining News - Trilogy finds zinc-rich zone at HelpmejackThu, 28 Sep 2023 14:45:00 GMT
Trilogy Metals Inc. Sept. 27 reported that stream sediment and rock sampling has identified two zinc-enriched volcanogenic massive sulfide targets on the Helpmejack project toward the eastern end of the Ambler schist belt in Alaska. Lying about 110 miles southeast of the world-class Arctic VMS deposit being advanced by Ambler Metals LLC, a joint venture owned equally by Trilogy and South32 Ltd.,...
Hindustan Zinc eyes jump in output under Chair Priya Agarwal ...Tue, 29 Aug 2023 00:00:00 GMT
Hindustan Zinc Ltd., a producer of zinc, plans to boost its output and decarbonize its operations under Chairwoman Priya Agarwal Hebbar. The company aims to increase its annual mined metal output to 1.5 million tons by March 2025, up from around 1 million tons currently. Hindustan Zinc will invest $1 billion over the next decade to reduce its reliance on coal and replace it with solar and wind energy.
Mining News - Fireweed finds feeder that links BoundariesThu, 27 Jul 2023 15:14:00 GMT
Fireweed Metals Corp. July 26 announced the first batch of assays from its largest drill program ever at the Macmillan Pass project in Canada's Yukon have already delivered game-changing news that links the Boundary Main and Boundary West targets into one continuous zinc-rich zone. A road-accessible project adjacent to Yukon's border with Northwest Territories, the 940-square-kilometer...
Arun Misra appointed as Executive Director of VedantaFri, 21 Jul 2023 00:00:00 GMT
Misra was appointed as Deputy CEO, HZL in November 2019 and was elevated to CEO and Whole-Time Director of HZL in August 2020. Since June 2022, he has also been managing the operations and growth of Vedanta Zinc International, which has mines and concentrators in South Africa.
Government eye on Hindustan Zinc dividend payoutSat, 15 Jul 2023 00:00:00 GMT
The Indian government is ensuring Hindustan Zinc Ltd (HZL) does not put itself in financial trouble with its dividend distributions. A senior official stated the dividend was acceptable as long as the corporation did not have to borrow in order to provide generous payouts. Between July 2022 and the time of the report, HZL has announced dividends of INR 34,859 crore with Vedanta being the largest beneficiary with INR 22,630 crore.
SC dismisses Vedanta's plea to ask govt to divest its HZL stake ...Tue, 11 Jul 2023 00:00:00 GMT
The Supreme Court on Monday dismissed Vedanta's plea to direct the Centre to divest its 29.54% residual stake in Hindustan Zinc (HZL) in the open market, saying it cannot interfere with a policy decision. A Bench led by Chief Justice DY Chandrachud, while rejecting Vedanta's application, said the company giving up on its call option was not conditional on the government having agreed to sell its stake in the open market.
Anil Agarwals Vedanta raises about $850 million via JPMorgan ...Wed, 24 May 2023 00:00:00 GMT
The Vedanta Group, led by billionaire Anil Agarwal, has secured an $850m loan from JPMorgan Chase and Oaktree as it tries to find funds to pay back a $500m bond. The debt of the Indian mining operation, which suffered a setback after zinc mining unit sale to Hindustan Zinc was blocked, is causing investors concern, with the news agency Bloomberg reporting that Vedanta Resources bonds due to be repaid this year and in 2026 are trading below 70 cents to the dollar.
Mining News - Firm closes deal to develop Pine PointThu, 11 May 2023 14:36:00 GMT
Osisko Metals Inc. has finalized a joint-venture agreement with one of the world's leading mining and metals investment advisors that could propel its Pine Point project in Northwest Territories into becoming one of the top-10 zinc-lead producing mines in the world. Inked in late February, the estimated C$100 million deal with Appian Capital Advisory LLP, a unit of Appian Natural Resources...
Hindustan Zinc's all-cash bid for Vedanta's assets lapses: sourcesTue, 02 May 2023 00:00:00 GMT
Hindustan Zinc Ltd's $2.98bn cash bid to acquire certain zinc assets from Vedanta Group has lapsed as Indian rules prevent listed companies from taking longer than three months to get approval from minority shareholders, which Hindustan Zinc failed to do. The Indian Government opposed the deal, saying that it was a related party transaction and discouraged the deal from being funded by cash reserves.
Kazakhstan: Kazzinc output up in Q1 2023Thu, 27 Apr 2023 00:00:00 GMT
In January-March, Kazzinc decreased zinc output from own resources by 5% YoY, to 34.3 thousand tons. The group produced 24.9 thousand tons of zinc metal and 9.4 thousand tons of zinc concentrate. Taking into account the third party raw materials, zinc manufacture dropped by 11%, to 63.5 thousand tons. Manufacture of lead from own resources
Plans to buy Zinc International is not called off: Hindustan ...Mon, 24 Apr 2023 00:00:00 GMT
Zinc International acquisition was a great idea, he said, adding the company's board has also approved the proposal. ...we are working on it, and we still believe that this is something that we must do for the sake of Hindustan Zinc. So, we will see where it ends, the CEO said. The government, which owns about 29.54 per cent stake in HZL, has opposed the company's plan to buy an overseas asset of its parent firm Vedanta Ltd.
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