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Nickel News

Swedish miner says Donald Trump doesn't hold key to metal prices

By: Bloomberg     28th March 2017 The operator of some of Europe’s largest copper and zinc mines expects President Donald Trump’s plans to spend on US infrastructure to have much less impact on base-metal prices than the needs of burgeoning middle-class populations in emerging markets. That’s because projects in the US and other... 

Glencore bond tanks and scuppers Anglo's return

By: Reuters     25th March 2017 Anglo-Swiss miner Glencore sold its first US dollar bond in two years on Tuesday, but the deal tumbled after pricing as a global sell-off added to a backlash against the deal's tight spread. The $1-billion ten-year trade is the company's first since April 2015, and follows a recovery in... 

Nevsun finds more mineralisation at Eritrea-based Bisha, satellite deposits

By: Henry Lazenby     23rd March 2017 Canadian base metals producer Nevsun Resources has found more mineralisation at its flagship Bisha mine and satellite deposits in Eritrea, on the Horn of Africa. Drilling undertaken in 2016 has increased the inferred resource at the Harena deposit by nearly 130% to 25-million tonnes grading 0.93%... 

Nevsun finds more mineralisation at Eritrea-based Bisha, satellite deposits
Photo by Nevsun Resources
Bisha, Eritrea

Canadian royalties, streaming firm Franco-Nevada reports rising revenues as it looks to diversify

By: Henry Lazenby     23rd March 2017 Canadian gold royalties and streaming firm Franco-Nevada Corp has recorded a 37.6% increase in revenue for 2016, boosted by record ounces delivered and soaring sales. The company, which derives income from 107 producing royalties and streams, achieved a 30.9% increase in gold-equivalent ounces... 

Canadian royalties, streaming firm Franco-Nevada reports rising revenues as it looks to diversify

RNC, private equity firm Waterton Global form nickel-focused partnership

By: Henry Lazenby     22nd March 2017 Canadian miner Royal Nickel Corp (RNC) has joined forces with private equity firm Waterton Global Resource Management (WGRM) to buy, develop and operate nickel assets. The companies on Wednesday announced that they had inked a joint venture (JV) accord that will result in Waterton buying a 50%... 

RNC, private equity firm Waterton Global form nickel-focused partnership

TSX ends down as financials, commodity stocks retreat

By: Reuters     17th March 2017 Canada's benchmark stock index fell on Friday as financial stocks lost ground along with bond yields and as natural resource companies pulled back despite an uptick in commodity prices. The heavyweight financials group lost 0.6%, with insurance company Manulife Financial down 1.5% at C$24.13 and... 

Growing output, rising precious metal prices to benefit Maverix

By: Henry Lazenby     17th March 2017 Maverix Metals, a relatively newly TSX-V-listed royalty vehicle created last July, when Canadian miner Pan American Silver spun out its royalty portfolio, populating it with some of its management, is positioned to grow output and leverage rising precious metals prices over the coming years. The... 

Growing output, rising precious metal prices to benefit Maverix

Suspended Philippine nickel miner plans to restart in policy test

By: Reuters     17th March 2017 A Philippine nickel ore producer plans to reopen two mines suspended for environmental violations while it awaits the outcome of an appeal, in a test of rules around the government's crackdown on the industry. The two mines were among 10 suspended last year during a months-long audit led by... 

Optimism on minerals seen seeping down to grassroots explorers

By: Henry Lazenby     15th March 2017 Noting the optimism exhibited at the recent Prospectors and Developers Association of Canada (PDAC) international convention, held in Toronto, project generator Transition Metals says the fundamental shift in confidence it saw over the past year is consistent with this. “If you look at the... 

Optimism on minerals seen seeping down to grassroots explorers

Zimbabwe mines output threatened by foreign payment delays

By: Reuters     14th March 2017 Zimbabwe's mining output is under threat because banks are delaying processing foreign payments by up to three months due to a shortage of dollars, the southern African country's mining chamber warned on Monday. Mining generates more than half of Zimbabwe's foreign exchange and should be given... 

Electric vehicles won't depose stainless in nickel demand dynamics

By: Reuters     10th March 2017 Investors hoping for explosive nickel demand growth, in tandem with the electric vehicle (EV) revolution, could well be disappointed as any increase is seen as unlikely to change a market dominated by stainless steel producers. Some watching the frenzy of interest in battery materials such as... 

Electric vehicles won't depose stainless in nickel demand dynamics

Certification grows company’s sales, ups market share

By: Victor Moolman     10th March 2017 Valve and steel supplier Stewarts & Lloyds South Africa (S&L SA) has grown its market share in South Africa after receiving South African National Standards (SANS) certification for its RSV gate valves, reporting a 40% increase in SANS-approved valve sales since receiving certification last year. 

Certification grows  company’s sales,  ups market share
SERVICE DELIVERY Stewarts & Lloyds attributes its strategically located branch network to always being able to ensure minimal downtime for customers

BofAML warns of rising headwinds for commodities

By: Henry Lazenby     9th March 2017 Bank of America Merrill Lynch (BofAML) cast a pall on the budding optimism seen at the recent Prospectors and Developers Association of Canada’s yearly convention, in Toronto, saying that the commodity market, in general, is transitioning from tailwinds to headwinds this year. In its ‘Global... 

African mining delegation closes TSX

By: Henry Lazenby     9th March 2017 An African mining delegation, comprising government officials and mining companies, rang the closing afternoon bell of the TSX on Wednesday afternoon during the yearly Prospectors and Developers Association of Canada international convention. The delegations joined TMX Group global equity markets... 

African mining delegation closes TSX

Botswana seeks to attract investors to mining town with tax cut

By: Reuters     7th March 2017 Botswana will cut corporate tax by up to 77% for investors in a mining town southeast of the capital, the trade and industry minister said on Tuesday, part of a package to attract them to a region hit by the collapse of BCL Mine. BCL Mine was put under provisional liquidation in October last year... 

‘What a difference a year makes’ – analysts outline mostly strong commodity fundamentals despite uncertainty

By: Henry Lazenby     7th March 2017 “What a difference a year makes,” John Butcher, principal economist at commodity consultancy Wood Mackenzie exclaimed during a technical programme at the Prospectors and Developers Association of Canada’s yearly convention this week. While global economic growth came in at a disappointing 2.3% in... 

Stakeholder engagement key to African development success

By: Henry Lazenby     7th March 2017 Capital for development ebbs and flows with global economic cycles, pushing to the fore the need for long-term regulatory security when it comes to multinational miners developing projects in Africa, said Ashanti Gold CEO and director Tim McCutcheon during a panel discussion on Africa’s mining... 

Stakeholder engagement key to African development success

Transformation at the core of Anglo American’s resilience

By: Henry Lazenby     7th March 2017 The ability to innovate and build adaptation into the DNA of mining companies is a critical requirement to successfully navigate major market changes, Anglo American CEO Mark Cutifani said during a keynote address at the 2017 Prospectors and Developers Association of Canada’s yearly convention.... 

Transformation at the core of Anglo American’s resilience
Photo by Duane Daws
Ango American CEO Mark Cutifani says survival meant a massive transformation of the asset base, in a rapid time frame

Uncertain politics, policy development permeates commodities price outlook 

By: Henry Lazenby     3rd March 2017 A common factor in the outlook for most commodities included in The Bank of Nova Scotia Commodity Price Index is the outsized near-term importance of highly uncertain politics and policy, the group’s commodity economist Rory Johnston said in a special report of the Commodity Price Index this... 

Uncertain politics, policy development permeates commodities price outlook
Photo by Reuters
Gold is expected to trend sideways for most of 2017 and 2018, as rising rates, a stronger dollar, and a generally sanguine investor outlook despite significant political uncertainty all pose headwinds for the yellow metal

Wellgreen achieves all Phase 1 metallurgical test objectives

By: Henry Lazenby     3rd March 2017 Wellgreen Platinum has succeeded in achieving all the objectives it set out to accomplish through the Phase 1 metallurgical programme on its Wellgreen nickel/copper/platinum-group metals (PGMs) project, in Canada’s Yukon Territory. "We have made quantum leaps in our understanding of the geology,... 

Anglo exceeds target as 2016 net debt declines to $8.5bn

By: Ilan Solomons     3rd March 2017 Diversified miner Anglo American is this year seeking an additional $1-billion in incremental net cost and volume improvements, while also aiming to return to an investment-grade credit rating and resume dividend payments. The group has already identified 75% of these targeted net cost and volume... 

Anglo exceeds target as 2016 net debt declines to $8.5bn
FOCUSED CAPITAL Anglo American is aiming to have capital expenditure maintained at $2.5-billion and stay-in-business capital increased to $1.2-billion in 2017

Drilling services provider declares Indaba ‘great success’

By: Simone Liedtke     3rd March 2017 The 2017 Investing in African Mining Indaba was a “great success” for drilling services and equipment, including for performance tooling provider Boart Longyear, as it secured deals and has several prospective projects to follow up on, says general sales manager Andre van Heerden. 

Drilling services  provider declares  Indaba ‘great success’
TRUCORE The core-orienation tool is easy-to-use, highly accurate and features wireless communication, a corrosion-resistant steel body and a field-replaceable battery

Facilitating investor support ahead of upturn in cautious market

By: Simone Liedtke     3rd March 2017 The main goal of the 2017 Investing in African Mining Indaba was to help position businesses in industry to take advantage of the expected market upturn by securing investor support, event organiser Mining Indaba MD Alex Grose tells Mining Weekly. 

Facilitating investor support ahead of upturn in cautious market
HEART OF DEALMAKING The Investing in African Mining Indaba provides a platform for mining companies to communicate their objectives with investors

Proactive healthcare can yield a return on investment for miners

By: Simone Liedtke     3rd March 2017 Cost containment is one of the key drivers for mining companies in the current economic climate, causing medical and healthcare services to become reactive purchases, according to medical and healthcare service provider International SOS medical director Dr Charl van Loggerenberg, who spoke to... 

Proactive healthcare can yield a return on investment for miners
NOT GRUDGE PURCHASE There are tangible benefits in investing in a healthcare strategy

Tough times call for cost-saving measures

By: Simone Liedtke     3rd March 2017 Mining in South Africa is tougher and costlier than ever, with investment flowing out of the country, instead of into the industry, says transport, industrial and heating fuel provider Shell South Africa commercial lubricants business-to-business marketing manager Tendani Ndwamise. 

Tough times call for cost-saving measures
INCREASING COMPLEXITY Heavy-duty machinery and equipment in the mining sector are becoming more complex and require the highest levels of professionalism from operators and servicing technicians

Water resources under increasing pressure, bad news for mining

By: Simone Liedtke     3rd March 2017 Global water resources are being placed under increasing pressure, driven by factors like climate change and population growth, and mines risk having ‘stranded assets’ that cannot be developed without water, despite concerted corporate action and technological improvements. 

Water resources under increasing pressure,  bad news for mining
CLEMENCE MCNULTY Water is becoming a critical constraint to mine and socioeconomic development

New minerals head appointment sets cat among mining pigeons 

By: Martin Creamer     2nd March 2017 The Chamber of Mines said on Thursday that it had been caught by surprise by the appointment of the new director-general of the Department of Mineral Resources (DMR). While the chamber acknowledged that the appointment of the director-general was the prerogative of the Minister, it believed that... 

New minerals head appointment sets cat among mining pigeons
Photo by Duane Daws
Chamber of Mines CEO Roger Baxter with Senior Public Affairs Executive Tebello Chabana

Cabinet discusses new minerals director-general, mine water and mine town steps

By: Martin Creamer     2nd March 2017 The Cabinet this week endorsed the appointment of Advocate Thabo S Mokoena as the new director-general of the Department of Mineral Resources (DMR), a position that has been vacant for more than a year, and also approved the gazetting of a draft mine water management policy for public comment, as... 

Cabinet discusses new minerals director-general, mine water and mine town steps
Eastern Basin acid mine drainage plant in Springs

Axiom raises funds for Isabel 

By: Esmarie Swanepoel     1st March 2017 ASX-listed Axiom Mining will raise up to A$6.9-million to fund the further development of the Isabel nickel project, on the Solomon Islands. The capital raising will include a one-for-ten rights issue, priced at 16c a share, to raise an initial A$5.6-million. The rights issue will contain an... 

Consolidated Nickel Mines wins top honours in Investment Battlefield competition

By: Megan van Wyngaardt     28th February 2017 Zambia-focused Consolidated Nickel Mines (CNM) won the first Investment Battlefield Competition for junior miners at this year’s Investing in African Mining Indaba, with Sula Iron & Gold in second place. CNM, a subsidiary of Consolidated Mining and Investments, is planning to restart the 4 500... 

Price weakness stemmed from excess capital dole out – Glencore

By: Martin Creamer     27th February 2017 The commodity price weakness from 2012 to 2015 was the result of an over-allocation of capital from 2006 to 2012, Glencore CEO Ivan Glasenberg told an American audience on Monday. In an address to the BMO Metals and Mining Conference, in Miami, Glasenberg said that capital over-allocation in the... 

Price weakness stemmed from excess capital dole out – Glencore
Glencore CEO Ivan Glasenberg

Global mining-sector resurgence predicted 

By: Ilan Solomons     24th February 2017 Given that the global economy is expected to grow by 3.4% this year and 3.5% in 2018, the health of global macroeconomics is good, which bodes well for a resurgence in the global mining industry during the course of this year. This is according to Standard Bank mining and metals research head Tim... 

Global mining-sector resurgence predicted
Standard Bank's Tim Clark and Sandra du Toit discuss their perceptions of the state of the global mining sector and give their predictions for the year ahead.

Rapid energy access needed in Southern Africa

     24th February 2017 The rebound in commodity prices should usher in new projects as well as the expansion of existing operations in Southern Africa’s mining industry, but the region, counteractively, has an insufficient power supply, says fast-track mobile turbine power provider APR Energy regional sales director... 

Analysts acclaim Glencore’s performance as good fundamentals return

By: Martin Creamer     23rd February 2017 Commodity market fundamentals are improving against a backdrop of better than expected demand and limited, if any, inventory build through the trough of the cycle, diversified mining and marketing company Glencore said on Thursday. This comes against the background of the London-, Hong Kong- and... 

Analysts acclaim Glencore’s performance as good fundamentals return
Glencore CEO Ivan Glasenberg

Western Areas swings back to profit

By: Esmarie Swanepoel     22nd February 2017 Nickel miner Western Areas has swung back to profit in the half-year ended December 31, as earnings before interest, taxes, depreciation and amortization (Ebitda) improved by 58% over the previous corresponding period. Ebitda for the half-year reached A$29.5-million, resulting in net profit of... 

BC confirms mineral exploration tax credits in 5th balanced budget

By: Henry Lazenby     22nd February 2017 The British Columbia provincial government on Tuesday unveiled its fifth consecutive budget in the black, confirming critical fiscal supports for the mineral exploration industry, previously unveiled by Liberal Premier Christy Clark. The 2017/18 budget, which is expected to run a C$295-million... 

BC confirms mineral exploration tax credits in 5th balanced budget
Photo by Geoscience BC
The British Columbia provincial government has confirmed critical fiscal supports for the mineral exploration industry, previously unveiled by Liberal Premier Christy Clark

Anglo targets further $1bn in cost, volume improvements in 2017

By: Ilan Solomons     21st February 2017 Diversified miner Anglo American is this year seeking an additional $1-billion in incremental net cost and volume improvements, while also aiming to return to an investment-grade credit rating and resume dividend payments. The group has already identified 75% of these targeted net cost and volume... 

Anglo targets further $1bn in cost, volume improvements in 2017
Anglo American is aiming to have capital expenditure maintained at $2.5-billion and stay-in-business capital increased to $1.2-billion in 2017

Sherritt to ramp up 2017 capex as it resumes oil & gas drilling, Ambatovy charges

By: Henry Lazenby     18th February 2017 Diversified miner Sherritt International says it expects to increase capital expenditure (capex) on new mining development and fleet upgrades this year. The Toronto-headquartered company said the majority of its $129-million capex budget for this year will be focused on completing the first Block... 

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