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Nickel News

With metals slumping, investors seek miners that can weather storm

By: Reuters A slump in metals prices this week and worries over China's growth prospects have heightened investor scrutiny of whether mining companies have the ability to weather the storm ahead. China accounts for almost half of global copper demand, 70% of iron-ore consumption and vies with India to be... 

Brazil's Vale hits second-quarter iron-ore record

By: Reuters Brazilian mining company Vale said on Thursday it produced 85.3-million tonnes of its own iron-ore in the second quarter, a record for the quarter and second highest ever for the firm. The total was 7.4% higher than the same period last year as the world's largest iron-ore producer continues to... 

Tech savvy O’Neill streaks up Anglo ladder

By: Martin Creamer Technical fundi Tony O’Neill, who put his imprimatur on game-changing technology during his short spell in South Africa, has been appointed with immediate effect to the board of Anglo American as an executive director, less than two years after taking over the company’s technology, business... 

Tech savvy O’Neill streaks up Anglo ladder
Photo by Duane Daws
Tony O'Neill

First Quantum restarts Ravensthorpe

By: Esmarie Swanepoel Canada-based First Quantum Minerals has started recommissioning work at the Ravensthorpe nickel mine, in Western Australia. The company said on Wednesday that the atmospheric leach circuit at the mine had been restarted earlier this month, after being shut down in December last year following a... 

Rox launches PFS at nickel project

By: Esmarie Swanepoel Minerals explorer Rox Resources has launched a prefeasibility study (PFS) on its Fisher East nickel sulphide project, in Western Australia. The PFS followed on from a positive scoping study, completed in February this year, which considered two development options. 

BNC’s Trojan lifts nickel output to record highs

By: Natasha Odendaal Aim-listed Mwana Africa’s 74.73%-owned subsidiary Bindura Nickel Corporation (BNC) has achieved record production for the second consecutive year as it ramps up to steady-state output. The Zimbabwe-based group’s Trojan mine, which had completed its second full year of production since the restart... 

Western Areas beats FY production, cost targets

By: Esmarie Swanepoel Nickel miner Western Areas has beaten its production and cash cost forecast for the financial year to June 30, on the back of another solid quarter from its Western Australian operations. Mill throughput for the quarter ended June reached a record 157 913 t, resulting in the production of 6 676... 

Global miners face succession crisis as old guard nears retirement

By: Reuters As if slumping commodity prices and unhappy shareholders were not enough, global mining companies are also facing a looming succession crisis. Several mining CEOs have reached or are nearing retirement age and industry executives, recruiters and analysts worry that there is not enough people with... 

A$22m Forrestania mill enhancement project to boost Western Areas’ output

By: Esmarie Swanepoel Nickel miner Western Areas has approved a A$22-million enhancement project at its Forrestania mill, in Western Australia. The mill enhancement would process one of the tailings streams from one of the flotation plants, which contains valuable amounts of nickel that could not be recovered into... 

A$22m Forrestania mill enhancement project to boost Western Areas’ output

First Nickel board member resigns

By: Megan van Wyngaardt Canadian miner and explorer First Nickel on Monday reported that Russel Cranswick resigned from the board of directors, effective immediately. First Nickel, which owned and operated the Lockerby mine in the Sudbury basin in northern Ontario and reached full production during 2013, did not give... 

Slump in nickel prices rattles small Australian miners

By: Reuters A 30% slump in nickel prices this year has piled pressure on small Australian miners, forcing some of them to delay new projects and expansions as they wait for the market to recover. Poseidon Nickel became the latest miner to succumb when it said on Thursday it would put its Lake Johnston mine... 

Lake Johnston startup delayed in anticipation of higher nickel price

By: Esmarie Swanepoel ASX-listed Poseidon Nickel has delayed the formal opening of its Lake Johnston project in the hopes of a higher nickel price. The miner said this week that having completed all the required technical and engineering activities on site, staff numbers at Lake Johnston have been reduced to basic... 

Lake Johnston startup delayed in anticipation of higher nickel price

Anglo to take up to $4bn impairment hit

By: Natasha Odendaal Mining giant Anglo American is preparing to take a $3-billion to $4-billion write-down for the first half of the year amid continued persistent price weakness and volatility of the bulk commodities, particularly iron-ore and metallurgical coal. The impairment followed a mid-year review of Anglo’s... 

GR Engineering wins Nova contract

By: Esmarie Swanepoel Project house GR Engineering Services has been awarded a A$12-million engineering, procurement and construction (EPC) contract to design and construct the non-process infrastructure at the Nova nickel project, in Western Australia. The Nova nickel mine, owned by ASX-listed Sirius Resources is... 

Nickel's fightback begins but obstacles loom

By: Reuters Prospects for tighter nickel supplies may have put a floor under prices but any real recovery will need Chinese stainless steel mills to step up their orders and global stockpiles to fall. Benchmark nickel on the London Metal Exchange fell to six-year lows of $10 430/t last week on worries about... 

Kibo finds large nickel strike lengths at Haneti

By: Megan van Wyngaardt Tanzania-focused Kibo Mining will implement a more focused drilling programme at its Haneti nickel project, following the completion of an independent airbrone geophysical data interpretation. “This work enabled the prospectivity of the Haneti project for nickel sulphide mineralisation to be... 

Miners face complications and opportunities in Burundi

By: Dylan Stewart Burundi law firm, Shonubi, Musoke and Gilbert & Partners managing partner Gilbert Nibigirwe, states that Burundi’s political conflict, which mainly occured in the capital city Bujumbura in April and May, did not have a direct impact on mining activities, but security and risk factors have had a... 

Caeneus considering options for Silver Swan

By: Esmarie Swanepoel Junior Caeneus Minerals would use its newly acquired Silver Swan mine as the cornerstone in its plans to become a high-grade, low-cost nickel miner in Western Australia, the company reported on Thursday. In May this year, nickel miner Poseidon Nickel sold the rights to mine the Silver Swan... 

Poseidon declares reserve at Maggie Hays

By: Esmarie Swanepoel Nickel miner Poseidon Nickel has reported a maiden reserve estimate for the Maggie Hays deposit, within the Lake Johnston project, in Western Australia, of 1.9-million tonnes, grading 1.19% nickel for 22 600 t of contained nickel. The miner reported on Monday that the ore reserve represented an... 

Rejected mine water plan deprived 7 000 of jobs – Robinson 

By: Martin Creamer The rejection of a still-workable mine water and slimes dam plan at the stricken Grootvlei gold mine on Gauteng’s East Rand deprived 7 000 squatter camp dwellers of employment and set the mine on its downward trajectory, which has arguably ended up as the harshest aspect of the Aurora liquidation... 

Rejected mine water plan deprived 7 000 of jobs – Robinson
Photo by Daune Daws
Dr RE (Robbie) Robinson (right) and Martin Creamer

Asian Mineral Resources appoints new board member

By: Megan van Wyngaardt Nickel miner Asian Mineral Resources (AMR) has appointed Evgenij Iorich to its board of directors, replacing Stephen Gill, who recently retired. The company owned and operated the 6 400 t Ban Phuc nickel mine in Vietnam. 

South32 secures ICMM membership

By: Natasha Odendaal BHP Billiton spin-off South32 has successfully joined the International Council on Mining and Metals (ICMM), a move that is expected to deliver long-term benefits for the new globally diversified metals and mining company and its stakeholders. An independent expert review panel had recommended... 

Urgent govt, business cooperation needed to end South Africa’s crisis – Turok

By: Martin Creamer The time had come for government and business to find ways and means of working together to end South Africa’s current economic stagflation crisis, United Nations Commission for Africa (UNCA) mineral value chain lead consultant, anti-apartheid struggle veteran and former African National Congress... 

Urgent govt, business cooperation needed to end South Africa’s crisis – Turok
ANC MP Ben Turok

First Nickel under TSX delisting review

By: Sashnee Moodley Mining and exploration company First Nickel reported it has received notice that the TSX is reviewing the eligibility of the company’s common shares for continued listing on the TSX. 

First Nickel under TSX delisting review

Sirius completes first debt drawdown to fund Nova

By: Megan van Wyngaardt Nickel miner Sirius Resources has completed the first $57-million drawdown of funding under its A$440-million syndicated facility agreement to fund the ongoing development of its 100%-owned Nova mine, in Western Australia. This would fund ongoing mine development and construction activities at... 

Mincor announces resource upgrades at WA nickel projects

By: Ilan Solomons Australian nickel miner Mincor Resources reported on Wednesday further strong progress at all four of its new growth projects in the Kambalda nickel district, in Western Australia. The company said that successful drilling boosted its nickel resource inventory across three key deposits and... 

Royal Nickel chooses Swedbank to advise on $600m bond financing

By: Henry Lazenby Base metals project developer Royal Nickel Corporation (RNC) has appointed Swedbank Norway (Swedbank) as adviser for a senior bond financing of about $600-million, with a five-year maturity, to develop its Dumont nickel project, in Quebec. Swedbank would work closely with RNC to arrange the... 

Royal Nickel chooses Swedbank to advise on $600m bond financing

Scrap base metals supplies accounting for up to half of total consumption

By: Henry Lazenby Supplies of scrap base metals are becoming increasingly important, accounting for up to half of all refined metals consumed in the global market. However, in a note to clients, Bank of America Merrill Lynch noted that scrap was one of the least transparent segments of the base metal markets,... 

Scrap base metals supplies accounting for up to half of total consumption

Western Areas to buy Glencore’s Cosmos nickel complex

By: Ilan Solomons Nickel miner Western Areas on Friday announced that it would buy the Cosmos nickel complex, in Western Australia, from Glencore subsidiary Xstrata Nickel Australasia Operations. The acquisition would provide Western Areas with substantial additional exploration upside and a potential second... 

Western Areas to buy Glencore’s Cosmos nickel complex

Tasmania provides financial support to reopen Avebury nickel mine  

By: Esmarie Swanepoel The Tasmanian government at the end of last week announced a support package to bring the Avebury nickel mine back into production. Resources Minister Paul Harriss said the reopening of the Avebury mine, which had been on care and maintenance since 2009, would represent a significant boost to... 

North American Nickel gains strong foothold in Greenland nickel camp

By: Henry Lazenby Greenland-focused explorer North American Nickel (NAN) is in negotiations with a subsidiary of Swedish Iron producer LKAB Minerals to acquire the strategically important Seqi port, on the south-west coast of Greenland, that would give it a strategic geographic advantage in the emerging mining... 

North American Nickel gains strong foothold in Greenland nickel camp
Photo by North American Nickel
Maniitsoq, Greenland.
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