NEW YORK, February 6, 2017 /PRNewswire/ --

According to Transparency Market Research, the global base metal mining market projected to reach 160.19 MMT by 2023, which is a CAGR of 5.01% from 2015 to 2023. The market for base metals is segmented on the basis of type and region. The research indicates the importance of base metals for growth of the utilities, infrastructure, and manufacturing sectors. Base metal mining include industrial non-ferrous metals such as copper, nickel, lead-zinc, aluminum, and tin. Aluminum held the largest share (53.73%), followed by lead-zinc (24%) and copper (16%), of the base metal mining market in 2014. The base metal mining industry is expected to grow due to increasing infrastructure development across the globe, pushed by demand for energy and urbanization are some of the factors affecting the demand for base metals. Darnley Bay Resources Ltd. (OTC: DNLYF) (TSX-V: DBL), Mesabi Trust (NYSE: MSB), Hudbay Minerals Inc. (NYSE: HBM), Cliffs Natural Resources Inc. (NYSE: CLF), Vale S.A.  (NYSE: VALE)

The research points out, that, "zinc is another most widely consumed base metal in the world due to its various physical properties such as galvanizing properties and capability of bonding with various metals. Zinc has been growing due to its anti-corrosion property which helps prevent corrosion in metals. Corrosion is a major hindrance to the base metal applications. Lead is primarily used in portable batteries, which are used in vehicles and emergency systems. Expanding portable batteries market, is driving the demand for lead. Demand for copper is projected to grow with increase in population as it would require expanding power infrastructure which is copper-intensive."

Darnley Bay Resources Ltd. (OTC: DNLYF) (TSX-V: DBL) is a development stage company with several advanced base metal projects in Western Canada. The Company's focus is developing the Pine Point zinc project into production. On January 31st, the company announced that it has appointed Parviz Farsangi and Brian Jennings to the board of directors as independent directors.

"Mr. Farsangi is a mining engineer with extensive mining and processing experience in Canada and internationally working with diverse cultures including USA, Jamaica, UK, Brazil, Mexico and Canada. From 2013-2016, he was the CEO of Canadian Royalties Inc. that commissioned and is operating the nickel mining and processing facilities in Northern Quebec, near Glencore's Raglan operation. Previous to that he was President and CEO of Scorpio Mining Corporation, which operated a silver-lead mine and processing facilities in Mexico. He was also Executive Vice-President and Chief Operating Officer of Vale Inco and was responsible for Vale Inco's wholly owned properties globally, overseeing a $2 billion operation budget, a $1 billion capital budget, and 8000 employees. Previous to that Mr. Farsangi spent 20 years in senior positions at Falconbridge, including General Manager of the Sudbury unit and President of both Gramercy Alumina (Louisiana) and St. Ann Bauxite (Jamaica)."

Brian Jennings, CPA, CA, BSc - Mr. Jennings is a chartered accountant with 27 years of experience working as a senior financial executive and corporate restructuring professional for both public and private companies in a wide range of industries. Most recently, he was chief financial officer of Soltoro Ltd., an exploration company that was acquired by Agnico Eagle Mines in 2015, and president of Southeast Asia Mining Corp. for several years as it commenced permitting and development of a lead-zinc mine in Thailand. Mr. Jennings also spent nine years with Ernst & Young in Halifax and Toronto, where he was vice-president of corporate restructuring and where he was involved in several high-profile assignments, including Hollinger, Philip Services and Sydney Steel. He is also a geologist."

Royalty trust company, Mesabi Trust (NYSE: MSB) conserves and protects the Trust Estate that operates in the iron ore mining segment. The Trust derives income from the Peter Mitchell Mine, an iron mine located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range. The lessee/operator of Mesabi Trust's mineral interests is Northshore Mining Corporation, a subsidiary of Cliffs Natural Resources. NMC produces iron ore from Mesabi Trust Lands. The principal assets of Mesabi Trust consist of two different interests in certain properties in the Mesabi Iron Range: Mesabi Trust's interest as assignor in the Amended Assignment of Peters Lease and the Amended Assignment of Cloquet Lease and Mesabi Trust's ownership of the entire beneficial interest in the Mesabi Land Trust, which has interest as fee owner in the Peters Lease Lands and a fee ownership in certain non-mineral-bearing lands adjacent to the Peters and Cloquet Lease Lands.

Mining company, Hudbay Minerals Inc. (NYSE: HBM) owns 100 percent of Constancia mine, a copper mine in Peru which was acquired of Norsemont in 2011. It is located in the Province of Chumbivilcas in southern Peru and consists of the Constancia and Pampacancha deposits. During the first quarter of 2016, Constancia mining operations continued as planned and cost optimization is in progress. Ore milled decreased to 6.2 million tonnes from 7.4 million tonnes in the fourth quarter of 2015 due to lower mill capacity during the replacement of the trunnions on one of the grinding circuits. The average milled copper grade was 0.57 percent in the first quarter of 2016, compared to 0.63 percent in the fourth quarter of 2015.

Cliffs Natural Resources Inc. (NYSE: CLF) has been a major supplier to the production of iron and steel in the United States by offering steelmakers world-class raw materials. The company continues to be a leading iron ore mining company and operator. Cliffs' U.S. Iron Ore operations located in Michigan and Minnesota had an annual rate capacity of 32.9 million tons of iron ore pellet production in 2015, which represents approximately 56 percent of total U.S. pellet production capacity. Cliffs owns and operates five of the eight open pit iron ore mining and processing facilities in the U.S.

Metals and mining company, Vale S.A.  (NYSE: VALE) is a producer of iron ore and iron ore pellets, and nickel. The Company's segments include Ferrous minerals, Coal, Base metals, Fertilizers and Others. Its Ferrous minerals segment consists of the production and extraction of ferrous minerals, as iron ore, pellets and its logistic services, manganese and ferroalloys, and other ferrous products and services. Its Coal segment consists of the extraction of coal and its logistic services. Its Base metals segment includes the production and extraction of non-ferrous minerals, and is presented as nickel and its by-products and copper. Its Fertilizers segment includes the production of the three major groups of nutrients and other fertilizers products. Its other segment consists of sales and expenses of other products, services and investments in joint ventures and associate in other businesses.

Please SIGN UP NOW at http://www.FinancialBuzz.com To Receive Alerts on Trending Financial News from all these companies. "The Latest Buzz in Financial News"

Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com  

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR branding, marketing and advertising for third parties for disseminating news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the "Site") is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions as we purely incorporate public market research along with financial and corporate news. FinancialBuzz.com only regurgitates financial or corporate news through our unique financial newswire and media platform. FinancialBuzz.com has been compensated a total of ten thousand dollars for financial news dissemination and pr services by darnley bay resources ltd. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on the Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com

For further information:
Media Contact: info@financialbuzz.com
+1-877-601-1879
Url: http://www.FinancialBuzz.com


SOURCE FinancialBuzz.com