http://www.miningweekly.com

Global Mining News in real time

Nickel News

Poseidon advances Black Swan buy

By: Esmarie Swanepoel Nickel miner Poseidon Nickel on Thursday extended the expected completion date of the Black Swan operation, from the end of this calendar year until March next year. However, MD and CEO David Singleton said that the extension to the completion deadline would not change Poseidon’s overall... 

Venezuela restarts nickel output at asset taken over from Anglo

By: Reuters Venezuela has restarted production from the Loma de Niquel ferronickel asset it took from mining giant Anglo American in 2012 after cancelling its licences, data from an industry body showed this week. Information on Venezuela is patchy but the International Nickel Study Group (INSG) numbers... 

Sirius secures cash to fund Nova development

By: Esmarie Swanepoel Nickel developer Sirius Resources has secured a syndicated facility agreement worth A$440-million to fund the development of its Nova nickel project, in Western Australia. Sirius told shareholders that it had agreed to the facility, with Australia and New Zealand Banking Group, BNP Paribas, The... 

Poseidon puts price tag on Lake Johnston restart

By: Esmarie Swanepoel ASX-listed nickel miner Poseidon Nickel on Tuesday announced that its Lake Johnston project, in Western Australia, would require a capital injection of some A$8.3-million to restart operations. Poseidon acquired the Lake Johnston project from Norilsk Nickel in a A$1-million deal in September... 

IMX signs new JV deal over Ntaka Hill

By: Esmarie Swanepoel Junior explorer IMX Resources has agreed to a joint venture (JV) with Mauritius-based Fig Tree Resources Fund II, to divest of more than 70% of its Ntaka Hill nickel project, in Tanzania, in a deal valued at $5.88-million. IMX has been on the hunt for an investor into the Ntaka Hill project... 

First Quantum shuts Australia nickel plant after acid spill

By: Reuters Canada's First Quantum Minerals has shut its 38 000 t/y Ravensthorpe nickel plant in Australia following an acid spill, which is under investigation. The rupture of a one of several tanks containing sulphuric acid used to leach nickel late on Sunday caused an undetermined amount of the hazardous... 

Panoramic to launch share buy-back

By: Esmarie Swanepoel Nickel miner Panoramic Resources on Monday announced an on-market share buy-back as part of its efforts to increase share value. The ASX-listed company told shareholders that it would buy-back some 15.96-million shares, and would cancel these shares once acquired. 

Waning investor confidence, weak commodity prices among factors limiting growth of African mining sector

By: Jade Davenport Along with the Arctic, sub-Saharan Africa remains the most underexplored and highly prospective mineralised region on earth. However, despite its ‘open for business’ approach and myriad investment opportunities – in terms of greenfield and brownfield projects across the commodity spectrum –... 

Waning investor confidence, weak commodity prices  among factors limiting growth of African mining sector

Glencore hunts for buyer to take on WA nickel mine

By: Esmarie Swanepoel Diversified miner Glencore this week confirmed its intentions to divest of the Cosmos nickel mine, in Western Australia. The project was placed on care and maintenance in 2012, while still under the ownership of Xstrata, before being incorporated into the Glencore stable during the takeover of... 

Tightening nickel affords opportunity for Asian Mineral Resources

By: Simon Rees Of the few base metals piquing analyst interest for 2015, zinc and nickel stand out. For nickel, supply was expected to tighten across next year, which should act as a price support. Indonesia’s ban on the export of nickel ore has been a central catalyst for this, while the Philippines Congress... 

Capital misallocation lowering commodity prices – Glencore

By: Martin Creamer Capital misallocation, not a lack of demand, remained the key factor in the current low level of several commodity prices, Glencore CEO Ivan Glasenberg said on Wednesday. Highlighting the need to differentiate by commodity in allocating capital, Glasenberg said at the company’s investor day in... 

Capital misallocation lowering commodity prices – Glencore
Photo by Duane Daws
Ivan Glasenberg

Creamer Media publishes Base Metals 2014: A review of Africa's base metal's sector research report

In light of these developments, Creamer Media’s Base Metals 2014 Report examines the global base metals market, with a particular focus on supply and demand, and on the production of copper, zinc, nickel and lead, as well as selected base metals operations and projects in Africa. 

Creamer Media publishes Base Metals 2014: A review of Africa's base metal's sector research report

IMX receives 'strong interest' in Tanzania nickel project

By: Esmarie Swanepoel Junior explorer IMX Resources has told shareholders that it received strong interest for its Ntaka Hill nickel project, which forms part of the Nachingwea property in Tanzania, after joint venture (JV) partner MMG Exploration withdrew from the project in August. IMX said on Tuesday that the... 

Poseidon advances Lake Johnston 

By: Esmarie Swanepoel ASX-listed nickel miner Poseidon Nickel is advancing work on its recently-acquired Lake Johnston project, in Western Australia, announcing on Tuesday a re-estimated mineral resource for the Maggie Hays mine. The Maggie Hays mine was now estimated to host an indicated and inferred mineral... 

Vale approves 2015 capex budget of $10.2bn

By: Henry Lazenby The board of Brazil-based diversified miner Vale has approved an investment budget for new and sustaining projects of $10.2-billion for 2015, representing the fourth consecutive year in which Vale has reduced its capital expenditure (capex), as it deals with low iron-ore prices. Iron-ore prices... 

Brazil's Vale mulling IPO for part of base metals business – sources

By: Reuters Brazil's Vale SA is considering listing part of its global base metals business, two sources with knowledge of the matter said on Monday, as the miner looks to fund capital projects amid a collapse in iron ore prices. The sources, who asked not to be named as they have not been authorized to... 

BNC to issue $20m bond to fund smelter restart

By: Creamer Media Reporter Bindura Nickel Corporation (BNC), a subsidiary of Mwana Africa, will issue a $20-million bond to help fund the restart of its Bindura nickel smelter, in Zimbabwe. BNC on Monday published a prospectus in relation to the bond, which would have a five-year term and which was expected to close late... 

BNC to issue $20m bond to fund smelter restart
Mwana Africa CEO Kalaa Mpinga

Nova plan gets state approval

By: Esmarie Swanepoel The Western Australian Department of Mines and Petroleum has approved ASX-listed nickel developer Sirius Resources’ project management plan for its Nova project. Construction at Nova remained on track to start in January next year, subject to financing and the receipt of final approvals and... 

AMVI modifying DSO operations to increase Agata revenue

By: Leandi Kolver Joint venture company Agata Mining Ventures (AMVI) was modifying its high-iron/low nickel direct shipping ore (DSO) operations to include shipments of ore containing higher nickel content to increase revenues at its Agata nickel laterite project in the Philippines. AMVI, in which TVI Resource... 

BHP misses out to China's Jinchuan on nickel pact

By: Reuters BHP Billiton's struggling Nickel West smelter in Australia lost out on a potential key supply source of nickel when rival Jinchuan Group of China signed a purchase agreement with an Australian miner. Australia's no. 3 nickel miner, Western Areas, on Wednesday said it reached a two-year agreement... 

JV nears completion of Agata nickel processing plant DFS

By: Creamer Media Reporter TSX-V- and Frankfurt-listed Mindoro Resources says its subsidiary, Agata Processing Inc (API), expects to complete a definitive feasibility study (DFS) for a nickel processing plant at the Agata project, in northern Mindanao, Philippines, by the end of this year. TVI Resource Development (TVIRD)... 

Lundin starts commercial production at US nickel/copper mine

By: Creamer Media Reporter Canadian diversified miner Lundin Mining on Monday announced the start of commercial production at the Eagle base metals mine, in Michigan, in the US. The high-grade nickel/copper mine, which cost about $400-million to develop, reached commercial production two months after start-up on September... 

Lundin starts commercial production at US nickel/copper mine

BHP Billiton signs R10bn aluminium supply deal with black consortium 

By: Martin Creamer The world’s biggest mining company BHP Billiton has agreed a R10-billion, five-year liquid metal supply contract with a black-controlled consortium in a transaction that gives the South African aluminium industry a shot in the arm. The diversified major, which is in the process of demerging its... 

BHP Billiton signs R10bn aluminium supply deal with black consortium
Photo by Duane Daws
Graham Kerr with Lucas Msimanga, Sizwe Khumalo, Zodwa Manase and David Austin

BHP Billiton’s demerging Newco heading for May vote

By: Martin Creamer The demerging of a selection of BHP Billiton assets into a separate new company (Newco) was going according to plan and heading for a May vote, Newco CEO-elect Graham Kerr said on Monday. Responding to Mining Weekly Online during question time at a media conference on BHP Billiton selling its... 

BHP Billiton’s demerging Newco heading for May vote
Photo by Duane Daws
Graham Kerr with Lucas Msimanga and Sizwe Khumalo

Mwana subsidiary to issue bond to fund Bindura smelter restart

By: Creamer Media Reporter Multicommodity miner Mwana Africa’s 74.73%-owned Bindura Nickel Corporation (BNC) subsidiary has been granted prescribed asset (PA) status by the Zimbabwe Finance and Economic Development Minister Patrick Chinamasa. This would enable BNC to seek funding through the marketing of a fixed-term bond... 

Panoramic to start new decline development at Lanfranchi mine

By: Esmarie Swanepoel Nickel miner Panoramic Resources on Friday announced that it would start the development of the Jury-Metcalfe decline, at its Lanfranchi operation, in Western Australia, following an amendment of the existing toll treatment and concentrate purchase agreement with mining major BHP Billiton.... 

Ivanhoe platinum project prepares for site work resumption

By: Martin Creamer Preparations have begun for a resumption of site work at Ivanhoe’s platinum project near Mokopane in Limpopo province, with the construction of the initial production shaft of the planned underground mine the focal point of the first phase of development of an initiative that has been decades in... 

Ivanhoe platinum project prepares for site work resumption
Photo by Duane Daws
Ivanhoe's Robert Friedland

Royal Nickel announces appointment of new project director

By: Creamer Media Reporter JOHANNESBURG (miningweekly.com) – TSX-listed mineral resource company Royal Nickel Corporation has appointed Christian Brousseau project director for its Dumont nickel project. Reporting to the VP of operations, Brousseau will have overall responsibility for the execution plan, engineering and... 

Glencore, French open $7bn nickel mine in New Caledonia

By: Martin Creamer French President François Hollande on Monday officially opened the new $7-billion Koniambo nickel project in New Caledonia, a territory of France that is located 1 210 km east of Australia, in the south-west Pacific Ocean. The joint venture (JV) between the London-, Hong Kong- and now also... 

Glencore, French open $7bn nickel mine in New Caledonia
Photo by Bloomberg
François Hollande and Ivan Glasenberg

TVI Pacific completes second nickel shipment from Philippine project

By: Henry Lazenby Calgary-based TVI Pacific, which owns a 60% interest in the Agata iron/nickel laterite project, in the Agusan del Norte province, Philippines through subsidiary TVI Resource Development (TVIRD), on Friday said it had completed a second shipment of direct shipping ore (DSO). The high-iron,... 

EY’s Canadian Mining Eye falls 15% during Q3, expects sluggish Q4

By: Henry Lazenby Professional services firm EY's quarterly ‘Canadian Mining Eye’ index fell 15% in the September quarter, paring a 9% gain during previous quarter. The firm said on Thursday that the fall in the index was in line with the S&P/TSX Composite index, which also plummeted 15% during the period, while... 

EY’s Canadian Mining Eye falls 15% during Q3, expects sluggish Q4
First
Prev
1
2 3 4 5 6 7 8 9 Next Last
RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
R/€ = 14.20Change: 0.17
R/$ = 11.58Change: 0.07
Au 1198.59 $/ozChange: 4.13
Pt 1200.50 $/ozChange: 3.00