In the modern world, zinc plays second fiddle to iron. About half of the blue-white or blue-gray metal mined is used in coating iron to prevent the latter from rusting, a process known as galvanization. However, it is clear from archaeological discoveries that zinc had a much more important role in earlier times. For example, brass artifacts dated before 1000 BCE have been found in Palestine. Brass is a metal alloy composed of copper and zinc. Given zinc’s venerable past, the Kootenay Zinc Corporation (CSE: ZNK) (OTCQB: KTNNF) is betting the lustrous mineral will continue to have an important role in the future. A sextet of star prospectors is guiding the British Columbia-based junior exploration and mining company as it continues its quest for the metal with atomic number 30.
Supplies of zinc have been contracting since late 2015, when a number of major mines were closed or were winding down operations. In April 2015, Vedanta Resources announced that it would close its Lisheen Mine in Ireland. The last shipment from the mine in Tipperary County took place in January 2016, according to this report (http://nnw.fm/17ZYv) in the Irish Times. Lisheen was Europe’s second largest zinc mine with a capacity of around 175,000 tons. Then, in October 2015, Australian-Chinese concern MMG Limited (HKG: 1208) announced…
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