https://www.engineeringnews.co.za
Export|Logistics|Projects|Resources|Underground|Drilling|Operations
Export|Logistics|Projects|Resources|Underground|Drilling|Operations
export|logistics|projects|resources|underground|drilling|operations

Nyrstar says to suspend operations at two US zinc mines

1st November 2023

By: Reuters

  

Font size: - +

LONDON - Nyrstar said it plans to temporarily close two zinc mines in the US state of Tennessee at the end of November due to weak prices and the impact of inflation.

Dutch-based Nyrstar, majority owned by trading and logistics company Trafigura, said in a statement it will "temporarily pause production operations" on November 30 at its Middle Tennessee Mines.

That operation consists of two underground zinc mines, Gordonsville and Cumberland, according to Nyrstar's website.

Nyrstar does not disclose production data for individual mine operations, but the Middle Tennessee processing plant has a capacity of three-million metric tons of ore and 50 000 t of zinc concentrates annually, a spokesperson said.

During the suspension, Nyrstar will conduct drilling operations to find additional zinc, germanium and gallium resources, it added.

In July, Nyrstar said it was looking at germanium and gallium projects in Australia, Europe and the United States, which could help ease any shortages created by China's export controls on the materials used for computer chips.

Zinc prices CMZN3 on the London Metal Exchange have slumped 16% so far this year, but were up 2.5% at $2 492 a metric ton on Wednesday.

Edited by Reuters

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
26th April 2024 By: Martin Creamer
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.069 0.119s - 162pq - 2rq
Subscribe Now