Anglesey Mining Goes for Zinc

Trafalgar Asset - Anglesey Mining Goes for Zinc

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With growing global request for metals, Anglesey Mining seems increasingly optimistic about zinc mining prospects at Parys Mountain on the isle of Anglesey. The enterprise has carried out allembracing feasibility tests and exploratory drilling on copper and zinc deposits at discrete zones at this historic Anglesey site.

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Estimates carried out by Micon International Consultants suggest that the indicated and inferred results for reserved supply levels and grades for zinc are very encouraging. With mining operations such as this, inevitably the development and ongoing costs of production have to be factored in very carefully, having regard to metal prices over the medium to long term. Agreeing to Anglesey Mining a considerable proportion of the identified zinc reserved supply is close to the surface, which would mean a relatively low cost extraction process.

So how likely is it that zinc mining will come on-stream at this Anglesey mine? With zinc being in the top four metals for world production along with copper, iron and aluminium, its significance cannot be underestimated.

Consider the global economic atmosphere going forward. China and India show a huge appetite for copper and zinc as they continue to make their economic infrastructure and replace old plant. de facto in April China declared itself a net importer of zinc, though this could also reflect higher prices in that country which sacrifice incentives to export to other markets. Furthermore, as iron and steel request expands in these emerging markets, so will that for zinc whose estimate one use is in coating these metals to prevent corrosion. Add to that its use as rolled zinc and as an alloying metal, then we see how zinc request and economic growth go hand in hand. These factors are all favourable to giving a green light to Anglesey Mining and enhance the atmosphere in its efforts to regain sufficient capital to start production.

It is spicy to reflect that while zinc mining is now seen as a strong possibility on Anglesey, it is with copper that this area has been connected historically. The mining works at Parys Mountain have a rich 4,000 year history with evidence suggesting mining work going back to the early Bronze Age. Records suggest the Romans, while their occupation of Britain from 43 Ad, were keen to make the inherent of this copper mountain resource. And copper from these mines was used to coat the hulls of Lord Nelson's ships at Trafalgar.

The boom of copper mining while the late 18th century seemed to coincide with the spirit of the age, namely the epoch-making commercial Revolution. And Amlwch, the colse to from where copper was exported, has the appellation of "Ancient Copper Town". Now in the 21st century, with insatiable global request for metals such as zinc, the prospects are brighter for the local economy. While Anglesey Mining may be no hereafter Teck Cominco or Xstrata, it has very helpful global economic conditions and may soon start a new episode in the long relationship of this island with natural resources.

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