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Nickel News

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,... 

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

Zijin Mining exec sees M&A opportunities in Australian copper, gold sector

By: Reuters     16th November 2016 China's Zijin Mining sees more acquisition opportunities in gold and copper in Australia as the country's mining sector restructures after years in the doldrums, director Qixue George Fang said on Wednesday. "M&A is still going on, but how much...depends on the opportunity, it depends on the... 

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... 

Miners set to cash in on Trump's White House

By: Reuters     10th November 2016 Mining companies led gains on London's FTSE bluechip index on Wednesday as Republican Donald Trump's victory in the US presidential election spurred hopes for higher metal demand and drove investors to buy gold as a shelter against economic uncertainty. The FTSE mining index rose around 5% to... 

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

Clean TeQ raises A$15m for BFS

By: Esmarie Swanepoel     3rd November 2016 ASX-listed Clean TeQ Holdings will raise A$15-million through a share placement to complete the bankable feasibility study (BFS) at its Syerston nickel and cobalt project, in New South Wales. An initial 33.33-million shares will be issued to an institutional investor, at a price of 39c a share,... 

Clean TeQ raises A$15m for BFS

Mining decline will continue unless new minerals Bill changed – Lorimer 

By: Martin Creamer     2nd November 2016 The decline of South Africa’s mining sector will continue unless the new Mineral and Petroleum Resources Development Act Amendment Bill – passed by the National Assembly on Tuesday – is radically changed, says Democratic Alliance Shadow Mineral Resources Minister James Lorimer MP. The Bill, sent... 

Mining decline will continue unless new minerals Bill changed – Lorimer
The Democratic Alliance’s Shadow Mineral Resources Minister James Lorimer MP

Ontario invests C$2.5m in mining R&D; Minister outlines progress to position province as mining leader

By: Henry Lazenby     2nd November 2016 The Ontario government on Tuesday announced that it would invest C$2.5-million in the Centre for Excellence in Mining Innovation's (CEMI's) ongoing work with the Ultra Deep Mining Network (UDMN), which is helping the mining sector develop and adopt commercially viable innovations. Part of a... 

Ontario invests C$2.5m in mining R&D; Minister outlines progress to position province as mining leader
Photo by Ontario Ministry of Northern Development and Mines
Minister of Northern Development and Mines Michael Gravelle addresses the Mining Innovation Summit 2016, held in Sudbury

Shell launches diluent for North American market

By: David Oliveira     28th October 2016 At this year’s MINExpo International, which took place last month in Las Vegas, in the US, global petrochemicals group Shell launched its ShellSol 2046NA solvents extraction diluent tailored for the North American market. Shell global business development manager Monica Karamagi explains that... 

Vale Canada fined C$1m for mine fatality

By: Henry Lazenby     26th October 2016 An Ontario provincial court has levied a C$1-million fine – the second-highest ever – against Vale Canada, after one worker died and another was critically injured while attempting to clear a jam in a rock-crushing machine at a plant near Sudbury. Vale Canada pleaded guilty and has been fined an... 

Vale Canada fined C$1m for mine fatality

Suspended Philippine nickel miner mounts first legal challenge to govt crackdown

By: Reuters     26th October 2016 A suspended Philippine nickel miner said on Wednesday it has sued government environment agencies for a nearly four-month stoppage of its operations, in the first legal challenge to the state's environmental crackdown on the mining sector. The Philippines is the world's top nickel ore supplier... 

Caterpillar’s Q3 profit sags, casts dim outlook with lowered 2016 guidance 

By: Henry Lazenby     26th October 2016 The world’s largest earthmoving and mining equipment manufacturer Caterpillar has booked a sharply lower third-quarter profit, citing global economic weakness and an abundance of used equipment available, which is slowing sales. The NYSE-listed company expressed concern that the tough market... 

Caterpillar’s Q3 profit sags, casts dim outlook with lowered 2016 guidance

Sherritt widens loss as output slows; lowers Ambatovy FY guidance

By: Henry Lazenby     25th October 2016 Canadian diversified miner Sherritt International Resources has, for the second time this year, cut the nickel guidance at the 40%-owned Ambatovy mine, in Madagascar, citing a tailings pipe blockage and total shutdown that occurred in June and July, followed by weak output in August. The... 

Sherritt widens loss as output slows; lowers Ambatovy FY guidance
Photo by Sherritt International
Ambatovy, Madagascar

Operational improvements continue across Anglo portfolio

By: Martin Creamer     25th October 2016 Operational improvements continue across the portfolio of Anglo American, which delivered an overall superior production performance in the three months to end September. On a copper equivalent basis, the London- and Johannesburg-listed diversified mining company beat previous third-quarter... 

Operational improvements continue across Anglo portfolio
Photo by Duane Daws
Anglo American CEO Mark Cutifani

Liquidator retrenches all 5 000 workers at mothballed Botswana nickel miner

By: African News Agency      24th October 2016 All 5 000 employees of the moth-balled Botswana nickel miner Bamangwato Concession Limited (BCL) and its subsidiaries Tati Nickel Mining Company (TNMC) and BCL Investments will receive their last salaries in October 2016, the mine’s provisional liquidator has said. In a letter sent directly to... 

Rox buys Collurabbie

By: Esmarie Swanepoel     20th October 2016 Junior Rox Resources will pay A$25 000 and issue 7.4-million of its shares to fellow listed Falcon Minerals, to gain hold of the Collurabbie nickel project, some 70 km east of the company’s Fisher East nickel sulphide and Mt Fisher gold projects. The Collurabbie project consists of two... 

BHP sinks cash into Nickel West to revive operations

By: Esmarie Swanepoel     20th October 2016 The future of mining giant BHP Billiton’s Nickel West arm appears solid as the company focused on extending its current operating life from 2023 to 2032, and sinks cash into maintaining its asset integrity. BHP, which has unsuccessfully tried to sell its nickel businesses, has invested... 

BHP sinks cash into Nickel West to revive operations
Nickel West president Eduard Haegel

Western Areas MD urges nickel miners to focus on operations

By: Esmarie Swanepoel     20th October 2016 Nickel miner Western Areas MD Dan Lougher has called on the industry to ignore market speculation and “get on with business”. Speaking at the Paydirt Nickel Conference, in Perth, he said on Thursday that despite the negativity in the market around Indonesia’s ban on laterite exports and the... 

Acid mine water quick-fix possible as water deficit looms, Oppenheimer, De Beers told 

By: Martin Creamer     19th October 2016 Water-constrained Gauteng may see an acid mine drainage (AMD) quick-fix in order to save the fresh water from the Lesotho Highlands Water Project from being wasted on AMD dilution instead of being available to the economy, environmental adviser Dr Anthony Turton said on Wednesday. Delivering the... 

Acid mine water quick-fix possible as water deficit looms, Oppenheimer, De Beers told
Photo by Duane Daws
Environmental adviser Dr Anthony Turton
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