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Nickel News

Despite further expected delay to RoF development, Noront exploration guns for gold

By: Henry Lazenby     Updated 4 hours ago Despite reporting progress being made with discussions between stakeholders, the largest landholder in the emerging Ring of Fire (Rof) mining camp of Northern Ontario Noront Resources said Tuesday it expects further delay to development of its cornerstone Eagle’s Nest mine. The precious and base... 

Five mining legends to be inducted to Canadian hall of fame

By: Creamer Media Reporter      13th January 2017 The Canadian Mining Hall of Fame will induct five mining celebrities into the list of extraordinary mining leaders at the annual dinner to be held for the first time at the Metro Toronto Convention Centre. According to a news release, Canadian mining celebrity Robert McEwen leads the list of... 

Hits and misses as production reports roll in

By: Henry Lazenby     11th January 2017 Several North American miners issued fourth-quarter and full-year 2016 production reports on Wednesday, with some reporting better-than-expected results and others missing the mark. TSX- and NYSE MKT-listed streaming and royalty firm Sandstorm Gold sold record volume of 13 200 attributable... 

Hits and misses as production reports roll in

High Court exposes DMR as incompetent, irrational investment obstructor

By: Martin Creamer     11th January 2017 A judgement of the Gauteng division of the High Court of South Africa exposes the Department of Mineral Resources (DMR) as an irrational institution with a high degree of incompetence that obstructs the mining investment it is meant to facilitate, lacks energy in resolving issues, allows appeal... 

High Court exposes DMR as incompetent, irrational investment obstructor

Mineral ‘wrongs’ righted 

By: Martin Creamer     10th January 2017 A company that showed diligence in applying for mineral rights ended up getting mineral ‘wrongs’, a court has found. The Gauteng division of the High Court in Pretoria has ruled that Aquila Steel South Africa is entitled to the mineral right that South Africa’s Department of Mineral Resources... 

Refined nickel prices under pressure as output forecast to rise 

By: Henry Lazenby     7th January 2017 Refined nickel prices will remain under pressure in the coming weeks as the impending moderation of Indonesia's mineral ore export ban and consequent resumption of nickel exports will increase global nickel supply, new analysis by Fitch-affiliated BMI Research has shown. According to a report... 

Refined nickel prices under pressure as output forecast to rise
Photo by Reuters
Nickel ore

New Year heralds several senior management employments

By: Henry Lazenby     4th January 2017 Early 2017 corporate activity saw a slew of senior management appointments being made by miners. TSX- and NYSE-listed Tahoe Resources has appointed former Goldcorp president and CEO Chuck Jeannes to the board effective January 1. 

New Year heralds several senior management employments
Photo by Bloomberg
Cuck Jeannes

LME warehouse rents rises to slow in 2017/18

By: Reuters     31st December 2016 Warehouse firms in the London Metal Exchange's network of more than 600 warehouses in 37 locations have announced significantly lower rent rises for the year starting in April, the exchange said in a release on Friday. The LME said this year it would freeze the maximum rate for five years to curb... 

LME warehouse rents rises to slow in 2017/18

European shares ease as miners, banks fall

By: Reuters     29th December 2016 European shares opened slightly lower on Thursday as miners fell and Italian banks and Credit Suisse led banking shares lower. The pan-European STOXX 600 index was down 0.3%. Volumes were subdued during the last few days of the year. 

European shares ease as miners, banks fall

IHS Materials Price Index jumps to 18-month high; emergent weakness to undermine momentum

By: Henry Lazenby     23rd December 2016 Analytics firm IHS Markit reports that its Materials Price Index (MPI) rose for a sixth consecutive week, increasing 1.4% to hit a fresh 18-month high. IHS Global Insight Pricing & Purchasing senior economist Ben Orhan pointed out that ferrous metals once again drove the index higher, gaining... 

IHS Materials Price Index jumps to 18-month high; emergent weakness to undermine momentum

Imperial Metals launches $55m equity financing

By: Henry Lazenby     23rd December 2016 British Columbia-based miner, project developer and explorer Imperial Metals has announced a private placement of up to ten-million common shares at $5.50 each. The TSX-listed company said Thursday it will use the funds to bolster its working capital and for general corporate purposes. 

Scotiabank Commodity Index set to end 2016 on high note

By: Henry Lazenby     21st December 2016 The Bank of Nova Scotia expects its benchmark Scotiabank Commodity Price Index to finish the year up 25%, with all sub-indices showing positive performance, the third largest Canadian banking group said Tuesday. The oil and gas index rose 55% in the year-to-November after both oil and natural gas... 

Scotiabank Commodity Index set to end 2016 on high note
Photo by Bloomberg
The surprise rally of bulk commodities, especially metallurgical coal, has lost some momentum in the final weeks of 2016

Global base metals, US coal and steel prices stabilising – Moody's

By: Henry Lazenby     14th December 2016 The 2017 outlooks for the global base metals, US steel and US coal industries remain stable for the next 12 to 18 months, according to Moody's Investors Service. In a report released Tuesday, the ratings agency said that weak macroeconomic indicators would limit upside movement in the base metals... 

Nova ships first concentrate to Nickel West

By: Esmarie Swanepoel     12th December 2016 Metals miner Independence Group has transported the first nickel concentrate from the Nova project, in Western Australia, to BHP Billiton’s Nickel West operations. “The first shipment of concentrate is another important milestone for the Nova project and this took place earlier than contemplated... 

Glencore on nickel and zinc developments  

     8th December 2016 Diversified mining and marketing company Glencore sees a shortage in nickel arising, on the other hand, the company is producing zinc at negative cost. Mining Weekly editor Martin Creamer speaks to Creamer Media's Sashnee Moodley about the developments. 

Glencore on nickel and zinc developments
Glencore on nickel and zinc developments

Asian Minerals, Kasbah Resources acquisition court date postponed

By: Anine Kilian     6th December 2016 Following objections raised by a small number of Kasbah shareholders in relation to TSX-V-listed Asian Mineral Resources’ (AMR’s) proposed acquisition of ASX-listed Kasbah Resources, Australia’s Federal Court of Australia has adjourned the second court hearing date to December 12. The board of... 

Glencore sees nickel shortage as electric vehicle demand burgeons

By: Martin Creamer     2nd December 2016 Diversified mining and marketing company Glencore sees a shortage in nickel arising as a result of burgeoning demand from electric vehicle (EV) production. Batteries used in EVs are consuming about 100 000 t of nickel demand and if 10% of the world’s vehicle fleet transitions to electric power,... 

Glencore sees nickel shortage as electric vehicle demand burgeons
Glencore's Koniambo nickel project in New Caledonia, a French territory.

Nickel price forecast rises as market tightens into 2020

By: Henry Lazenby     2nd December 2016 The price of nickel is expected to continue its upward momentum over the next four years to 2020 as mine closures are expected to slow market growth, while ambitious US spending plans will potentially boost demand. Analysis by Fitch Group research arm BMI calls for a more bullish nickel price... 

Nickel price forecast rises as market tightens into 2020

Hudbay prices $1bn senior notes offering

By: Henry Lazenby     2nd December 2016 Canadian base metals producer HudBay Minerals has priced its offering of $1-billion of senior notes, which will be issued in two series, the company said on Thursday. These will comprise a series of 7.25% senior notes due in 2023 for $400-million and a series of 7.625% senior notes due in 2025... 

Norilsk Nickel takes legal action against BCL over failed asset sale

By: Megan van Wyngaardt     1st December 2016 Norilsk Nickel Mauritius and Norilsk Nickel Africa have filed legal claims against Botswana's largest copper and nickel producer, BCL Mine, in the Botswana courts and in the London Court of International Arbitration to recover $271.3-million, plus damages and other costs, in relation to the... 

Diligent Glencore delivers on debt promise, restarts dividend

By: Martin Creamer     1st December 2016 Diversified mining and marketing company Glencore has delivered on last year’s commitment to cut debt and structurally increase the strength of its balance sheet – and it has done so in a way that has preserved the group’s long-term earnings capability.  JP Morgan Cazenove analysts described the... 

Diligent Glencore delivers on debt promise, restarts dividend
Photo by Duane Daws
Ivan Glasenberg at last year's hand over by Glencore of a R75-million school in South Africa's coalfields to Basic Education Minister Angie Motshekga.

Terminal pay season opens at mothballed Botswana nickel miner

By: African News Agency      29th November 2016 The payment of terminal benefits to all former employees of liquidated Botswana nickel miner BCL Limited will start on November 30 amid expectations that it would be concluded by December 16, the provisional liquidator has announced. The government of Botswana, which was the majority shareholder,... 

Nickel West signs up for Western Areas product

By: Esmarie Swanepoel     29th November 2016 ASX-listed nickel miner Western Areas has negotiated a new offtake agreement with mining major BHP Billiton’s Nickel West division. The new contract will run for the earlier of three years from February 2017, or the completion of the aggregate quantity, with up to 10 000 t/y of... 

Capital expenditure to continue downward trend

By: Henry Lazenby     29th November 2016 Despite a modestly more buoyant outlook for key metal prices, mining capital expenditures (capex) are expected to continue on a downward slide over the next three years as miners seek further cost cuts and to improve operational margins, according to analysis by Fitch Group research arm BMI.... 

Capital expenditure to continue downward trend

Western Areas gets new offtake partner

By: Esmarie Swanepoel     28th November 2016 ASX-listed nickel miner Western Areas has signed an offtake agreement with Chinese steel maker, the Tsingshan Group, for some 10 000 t/y of nickel contained in concentrate, for a three-year period, starting in February 2017. Western Areas MD Dan Lougher said on Monday that the agreement was many... 

Discredited DMR making ill-considered demands on struggling industry

By: Martin Creamer     25th November 2016 The Department of Mineral Resources (DMR) is making ill-considered demands that have little hope of being met. Instead of following the continent’s African Mining Vision and Zambezi Protocol, the DMR is going out on a dictatorial limb. 

Discredited DMR making ill-considered demands on struggling industry
Photo by Duane Daws
Chamber of Mines CEO Roger Baxter and Chamber of Mines Senior Executive Public Affairs and Transformation Tebello Chabana

R10-million laboratory commissioned in DRC

By: Simone Liedtke     25th November 2016 Turnkey laboratory solutions provider Tramecon has commissioned the R10-million Kinsenda laboratory, a project headed by midtier mining group Metorex, near the border town of Kasumbalesa, in the Democratic Republic of Congo (DRC). 

R10-million laboratory commissioned in DRC
CONTAINERISED SOLUTION The Kinsenda laboratory project involved the design, supply, installation and commissioning of a containerised laboratory facility

DMR appointment causes concern

By: Martin Creamer     23rd November 2016 Mineral Resources Minister Mosebenzi Zwane has controversially made a key appointment within the Department of Mineral Resources (DMR) on the grounds that it is only temporary.   Earlier this month, the Democratic Alliance (DA) Shadow Minister of Mineral Resources, James Lorimer MP, requested... 

DMR appointment causes concern
DA Shadow Minister of Mineral Resources James Lorimer MP

Anglo productivity up 40%

By: Martin Creamer     23rd November 2016 Mining company Anglo American, which has reduced the number of assets in its portfolio from 68 in 2012 to 42 now, is producing more product from those 42 assets than it was from the 68. As a consequence, the product produced per person is currently 40% higher than it was four years ago. 

Anglo productivity up 40%
Photo by Duane Daws
Anglo American CEO Mark Cutifani

Paroo Station closer to restart

By: Esmarie Swanepoel     23rd November 2016 The Paroo Station lead mine is one step closer to restart after Canadian owner LeadFX received a seven-year extension for access to the port of Fremantle to export lead concentrate. The Canadian firm told shareholders this week that securing port access was a critical step in the preparation to... 

Base metals rise as Chinese investors hedge against weakening renminbi

By: Henry Lazenby     22nd November 2016 Most base metals traded in positive territory Monday, buoyed by accelerated buying as Chinese investors use commodities as a hedge against the depreciating Chinese  

Business, labour need to combine as errant DMR turns dictator

By: Martin Creamer     17th November 2016 The point has been made that mining business and labour have never been closer than now and that they need to make use of the current window of opportunity to establish a better foundation between themselves so that they can collectively shame the government into moving mining forward for the... 

Business, labour need to combine as errant DMR turns dictator
Chamber of Mines CEO Roger Baxter

Heron spin-off proceeds

By: Esmarie Swanepoel     11th November 2016 The spin-off of ASX-listed Heron Resources, Ardea Resources, has lodged a prospectus with the Australian Securities and Investment Commission for a proposed initial public offering (IPO) of up to 30-million shares at an issue price of 20c each. The IPO will include a priority offer to existing... 

Two-year renewal for Zebediela nickel project prospecting rights

By: David Oliveira     11th November 2016 Aim-listed base metals and uranium exploration company URU Metals announced earlier this month that it successfully renewed the three prospecting rights encompassing its Zebediela nickel project, in Limpopo, for another two years. The prospecting rights are held by URU Metals’ wholly owned South... 

CaNickel fined C$80 000 for Fisheries Act violations

By: Henry Lazenby     9th November 2016 Vancouver-based mining company CaNickel, which owns the Bucko Lake nickel mine that is currently on care and maintenance, near Wabowden, Manitoba, has pleaded guilty to two charges of environmental misconduct and fined C$80 000. According to a news release by Environment and Climate Change Canada... 

ASA reports progress in business reorganisation

By: Natasha Odendaal     7th November 2016 Aim-listed ASA Resource Group on Monday said it had emerged from an “encouraging” second quarter that has set the pace for stronger improvements during the second half of the 2017 financial year. The three months to September 30 saw the continuation of the company’s reorganisation, with the... 

DMR must be challenged, good governance must be assured

By: Martin Creamer     7th November 2016 Mining has the wealth-generating potential to boost economies, but countries blessed with a mineral endowment must at least do their bit by assuring good governance. Regrettably, against the background of the recently released 'State of Capture' report of former Public Protector Thuli Madonsela,... 

DMR must be challenged, good governance must be assured
Photo by Duane Daws
Former Public Protector Thuli Madonsela

Third-quarter Glencore coal production down on Optimum disposal

By: Martin Creamer     3rd November 2016 Third-quarter production of diversified major Glencore reflects the various operational suspensions and supply reductions announced and actioned notably in coal, oil, copper and zinc. The London-, Hong Kong- and Johannesburg-listed mining and marketing company, headed by CEO Ivan Glasenberg, said... 

Third-quarter Glencore coal production down on Optimum disposal
Glencore CEO Ivan Glasenberg
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