Please find below, for your information, excerpts from the November 17, 2011 "Scotia Daily Mining Scoop", from Toronto, Canada.
Regards,
Canada Zinc Metals Corp.
TSX.V: CZX; Frankfurt: A0RAQJ
"Another Zinc Company Bites the Dust - Iberian Agrees to C$1.10/sh Offer from Trafigura...In the latest of a string of acquisitions of zinc companies by smelter groups / metals traders, this morning Iberian Minerals announced that it had entered into an agreement with Trafigura whereby Trafigura would acquire all of the IZN shares it does not already own by way of an all-cash takeover bid at C$1.10/sh...Trafigura is already Iberian's largest shareholder with a 48.3% interest. Scotia Mining Sales notes this is a continuation of the zinc roll up theme that has seen Breakwater, Farallon, and Anglo American's southern African assets all be sold over the past 1.5 years as smelters look to secure zinc concentrate supply in light of pending mine closures.
From the June 15th 2011 Scoop: - Nystar Moving in on More Zinc Concentrate Supply - C$619mm Friendly Cash Bid for Breakwater: Wow, things must look tight in the zinc concentrate market, considering Nystar has just added another zinc miner to its list of recent zinc mine acquisitions with the announcement of a friendly, all cash C$617mm bid for Breakwater Resources. This follows on a host of recent Nystar deals in attempt to vertically integrate the company in terms of its zinc concentrate supply.
From May 30th Scoop: Minmetals...is actively looking to replace their Century Mine (which will shut down in the next 4 years). Scotia Mining Sales thinks there are very few World Class Zinc assets globally.
As zinc concentrate supply clearly looks tight...zinc miners and development companies are in an enviable position.
And Zinc Development Stories are Few and Far Between: Scotia Mining Sales notes that one of the reasons we are bullish zinc is the dearth of large scale development projects in the pipeline. Same goes for quality junior zinc development companies."
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About Canada Zinc Metals Corp.
Canada Zinc Metals is a mineral exploration company focused on unlocking the potential of a future long life mining district in British Columbia, Canada. The Company is the dominant land holder in a world class mineral belt called the Kechika Trough which hosts in excess of 80 million tonnes of base metal resources.
Canada Zinc Metals owns a total of 77,754 hectares in 236 claims which extend northwestward from the Akie property for a distance of 140 km.
The Company has filed a NI 43-101 report supporting the estimated inferred resource of 23.6 million tonnes grading 7.6% Zn, 1.5% Pb and 13.0 g/t Ag (at a 5% Zn cut off grade) at its flagship Akie property. Using this estimate, the deposit contains 3.95 billion pounds of zinc, 780 million pounds of lead and 8.95 million ounces of silver. The deposit remains open in all directions.
Tongling Nonferrous Metals Group and Lundin Mining are significant shareholders of the Company.
Please visit us at www.canadazincmetals.com