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Nickel News

As pressure on BHP and Glencore grows, Australia cuts may signal nickel revival

By: Reuters Australian nickel miners are under increasing pressure to suspend or cut production, with investors eyeing key announcements in coming weeks after rival producers in New Caledonia won a pledge of support from France. Benchmark prices of the steel-making material have fallen more than 45 percent... 

Mincor widens loss to nearly A$35m

By: Esmarie Swanepoel The decision to mothball its Western Australian mines amid a nickel price slump has resulted in Mincor Resources widening its half-year loss from A$1.89-million in the first half of 2015 to A$34.69-million in the six months to December. Mincor on Wednesday reported asset impairments of about... 

Isabel to ship first nickel ore in Q1

By: Esmarie Swanepoel Nickel developer Axiom Mining was targeting first shipment of ore from its Isabel nickel project, in the Solomon Island, during the first quarter of this year. The miner told shareholders this week that planning, design and development work continued at the Isabel project, with the development... 

Acquisitions establish Royal Nickel as copper, gold producer

By: Henry Lazenby Project developer Royal Nickel Corp (RNC) on Monday announced two acquisitions that would transform the company into a cash-generating low-cost nickel, copper and gold producer. The Toronto-based company’s TSX-listed stock gained as much as 31% on Monday to C$0.21 apiece, after the company... 

Acquisitions establish Royal Nickel as copper, gold producer
Photo by Hudbay Minerals
Reed mine, Manitoba

Queensland Nickel needs ‘millions’ to make it past April – administrators

By: Esmarie Swanepoel The administrators of embattled Queensland Nickel are looking for a saviour to invest “tens of millions of dollars” to keep the company afloat past April this year. FTI Consulting’s John Park told a teleconference on Friday that the company owed more than A$100-million to creditors and... 

Queensland Nickel needs ‘millions’ to make it past April – administrators

Crucial decision needed on empowerment levels

By: Nadine James An urgent court judgment needs to be made to determine the empowerment levels in South Africa’s mining industry, as this will most likely impact on the future alignment between the Department of Trade and Industry (DTI) codes and the Mining Charter, stresses Cliffe Dekker Hofmeyr director of... 

Crucial decision needed on empowerment levels
ALLAN REID Aligning the Mining Charter with the Department of Trade and Industry codes will be challenging, regardless of the Department of Mineral Resources' 12-month extension

Delayed MPRDA Amendment Bill unfavourable

By: Nadine James It is more than a year since the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill was referred back to Parliament by President Jacob Zuma for reconsideration. According to the latest available public record, more parliamentary committee meetings to reconsider the Amendment... 

Delayed MPRDA Amendment Bill unfavourable

Mine health, safety amendment still not effective

By: Nadine James Two of the additional regulations pertaining to the operation of  diesel-powered trackless mobile machinery (TMM) on mines – which were published in February 2015 – remain inoperable, as the Department of Mineral Resources (DMR) has yet to stipulate a date when the specific obligations come into... 

Mine health, safety amendment still not effective
Photo by Bloomberg
AVERTING COLLISIONS Several of the new regulations regarding Trackless Mobile Machinery are meant to prevent or reduce collisions

Mining needs critical legal regulatory matters resolved

There will be many critical legal and regulatory issues facing the mining industry in 2016, says Chamber of Mines (CoM) legal head Lerato Legong. He claims that “one of the most important is going to be the review of the Mining Charter, which will likely lead to the development of the third... 

Mining needs critical legal regulatory matters resolved
Photo by Bloomberg
MOSEBEZI ZWANE The Chamber of Mines expects that the Mineral Resources Minister and his department will deal with a number of regulatory issues in the coming year

Proposed MPRDA amendments lack clarity

By: Nadine James While the proposed amendments to the Mineral and Petroleum Resources Development Act (MPRDA) contain positive aspects, in a broader sense, they are flawed, particularly in terms of the applications and appeals processes regarding mining rights, says Hogan Lovells partner and head of mining Warren... 

Proposed MPRDA amendments lack clarity
WARREN BEECH The amendments pertaining to appeals will adversely impact mining right applicants in terms of starting the process of securing operations funding and their contractual obligations

Anglo’s all-in 2015 production up despite stuttering South African inputs

By: Martin Creamer The 2015 full-year production of Anglo American increased by 5% on a copper equivalent basis, despite lower iron-ore and thermal coal contributions from South Africa and a flat performance by platinum. The London- and Johannesburg-listed diversified mining company said in a production report on... 

Anglo’s all-in 2015 production up despite stuttering South African inputs
Anglo's Goedehoop Colliery

Panoramic idles Savannah on weak nickel prices

By: Esmarie Swanepoel The share price of nickel miner Panoramic Resources tumbled by more than 30% on Wednesday, after the company announced that its Savannah operation, in Western Australia, would be placed on care and maintenance. Panoramic blamed the continued decline in the US nickel price and the uncertain... 

Western Areas reports another strong quarter

By: Esmarie Swanepoel Nickel miner Western Areas has reported another strong quarter in the three months to December, with miner production reaching 157 481 t, grading an average 4.4% nickel for 6 917 t of nickel. This compared with the 7 062 t produced in the previous quarter. 

Mincor readies to suspend WA ops

By: Esmarie Swanepoel ASX-listed nickel miner Mincor on Wednesday told shareholders that it was on track to suspend mining operations at its Mariners and Miitel mines, in Western Australia. The company noted that over the last 12 months, Mincor had responded rapidly to the deteriorating nickel price, implementing a... 

World Bank lowers 2016 outlook on 37 of the 46 commodities it tracks

By: Terence Creamer The World Bank has lowered its 2016 price forecast for 37 of the 46 commodities it monitors and has warned that low prices for oil and other commodities are “likely to be with us for some time”. The bank’s latest ‘Commodity Markets Outlook’ cut its price outlook for oil this year to $37/bl, from... 

World Bank lowers 2016 outlook on 37 of the 46 commodities it tracks

Champions needed to take up nation-building messages left by Dr RE (Robbie) Robinson RIP 

By: Martin Creamer Visionary research commentator, Dr RE (Robbie) Robinson, a chemical engineer with distinguished involvement in minerals beneficiation spanning more than 60 years and a passion for linking mining and agriculture, has died here at the age of 86. Warm-hearted and good-natured Robinson, who was a... 

Champions needed to take up nation-building messages left by Dr RE (Robbie) Robinson RIP
Photo by Duane Daws
The late Dr RE (Robbie) Robinson

Applied Mineral Technologies

Witbank-based Applied Mineral Technologies (Amtec) specialises in the fabrication and construction of materials handling systems and processing plants. “Amtec is especially proficient and experienced in brownfield and shutdown construction activities having successfully undertaken many... 

Applied Mineral Technologies

Close-Up Mining

Mining, earthmoving and plant hire specialist Close-Up Mining is currently contracted by mining heavy weights Anglo Coal and Glencore, as well as various mid-tier and junior miners in Mpumalanga. It has also previously been subcontracted to service diamond giant De Beers Consolidated Mine’s open... 

Close-Up Mining

Key speaker to address investment options at Indaba

By: Mia Breytenbach International financial institution World Bank Group VP Makhtar Diop will be a key speaker at this year’s Investing in African Mining Indaba as well as being part of the market panel titled ‘Driving Investment in African Infrastructure - what are the investment options?’. The Mining Indaba will... 

Key speaker to  address investment options at Indaba
Photo by Duane Daws
MAKHTAR DIOP Despite the slowdown of Africa’s biggest economies, the gross domestic product in the region is expected to pick up to an average of 4.4% and 4.8% in 2016 and 2017, respectively

Networking at every turn

By: Kimberley Smuts Event organiser Mining Indaba recognises that one of the most critical functions of the Investing in African Mining Indaba conference is to create a platform that allows all those operating in the African mining sector to engage. The annual Mining Indaba taking place from February 8 to 11 at the... 

Networking at every turn
NETWORKING OPPORTUNITIES ABOUND Mining Indaba has again allocated specific times for networking over the course of the event to allow delegates to set up meetings and take advantage of the opportunity to meet new business contacts

Competition Tribunal lifts conditions on Zimco, Atlantis merger

By: Samantha Herbst The Competition Tribunal has approved a request by South African industrial and base metals producer Zimco Group to lift certain conditions imposed by the Competition Commission in 2014, when it approved the merger of Zimco and lead anodes producer Atlantis Metals. At the time of the merger,... 

Competition Tribunal lifts conditions on Zimco, Atlantis merger

Norilsk Nickel sees metals prices staying low over medium term

By: Reuters Global metals prices are likely to remain low in the medium term as it could take years for producers to run out of financing for loss-making assets, the deputy CEO of Norilsk Nickel, the world's No 1 nickel and palladium producer, told Reuters. Prices for nickel, a stainless steel ingredient,... 

ICBC Standard Bank names Mark Thompson head of base metals trading

By: Reuters LONDON – ICBC Standard Bank has appointed Mark Thompson, a former executive at trading house Trafigura's asset management business, head of its global base metals trading. Thompson, who has worked in the metals and financial sector for over two decades, will report to head of base metals, Steve... 

Queensland Nickel enters voluntary administration

By: Esmarie Swanepoel The embattled Queensland Nickel on Monday announced that the company had gone into voluntary administration, as it struggled to stay afloat. MD Clive Mensink said that Queensland Nickel would continue with its operations while under administration, saying that it would be “business as usual” for... 

Queensland Nickel enters voluntary administration

To increase value, miners need to navigate the pitfalls of M&A

By: Henry Lazenby Navigating the mergers and acquisitions (M&A) market can be tricky at best, but with increased pressure to conclude deals in the tight economic environment, there are several pitfalls buyers and sellers should heed to maximise deal values. Professional services firm EY in October released the... 

Queensland Nickel cuts 237 jobs at Townsville

By: Esmarie Swanepoel Embattled nickel miner Queensland Nickel on Friday announced that 237 workers would be made redundant at its Townsville operations. The company said the decision was necessitated by announcements from the Chinese government that it was injecting A$6.6-billion into its own metals industry and the... 

Miner sees eventful Q1 ahead, remains focused on flagship

By: Nadine James Financial close of the Mbeya coal-to-power project (MCPP), part of the Tanzanian government’s National Energy Strategy, and advancement of the exploration process at Haneti nickel project, are likely to start at the end of the first quarter of 2016, says Tanzania-based mineral explorer and... 

Miner sees eventful  Q1 ahead, remains focused on flagship
LOUIS COETZEE Focusing on Kibo Mining’s current projects will enable the company to build momentum and position itself for 'further potential corporate dealings in the future'

Policy uncertainty, DMR leadership ‘challenges’, weak prices bode ill for mining sector in 2016

By: Jade Davenport Over the last few years, South Africa’s mining industry has staggered into the new year increasingly the worse for wear having been ravaged by a myriad of challenges over the course of 2015 not least of which have included mineral-policy uncertainty, labour-management disputes, waning investor... 

Policy uncertainty, DMR leadership ‘challenges’, weak prices bode ill for mining sector in 2016

Sherritt braces for C$1.6bn impairment of nickel assets

By: Natalie Greve Nickel miner and refiner Sherritt International Corporation has cautioned the market of an expected $2.4-billion impairment of the Ambatovy joint venture (JV) assets, in Madagascar, citing lower forecast nickel prices. The expected impairment figure was based on an expected nickel price of $8.50/lb. 

Sherritt braces for C$1.6bn impairment of nickel assets

KWG looks towards the East to finance its proposed Ring of Fire railway

By: Henry Lazenby KWG Resources is looking to the Far East to secure funding for its proposed 340 km rail corridor, which the project developer believes holds the key to unlocking the vast mineral wealth of the James Bay Lowlands of Northern Ontario. “The reason KWG is looking to China to fund its proposed railway... 

KWG looks towards the East to finance its proposed Ring of Fire railway
Photo by KWG Resources
KWG Resources undertaking drilling at the Big Daddy deposit, in the Ring of Fire.

Planetary Resources shows off first-ever direct metal print from asteroid metals

By: Henry Lazenby Prospective space miner Planetary Resources has showcased the first-ever direct metal print from asteroid metals on Thursday at the Consumer Electronics Show, in Las Vegas, Nevada. Developed in collaboration with its NYSE-listed partner 3D Systems, Planetary unveiled a geometric object on the... 

Planetary Resources shows off first-ever direct metal print from asteroid metals

Struggling Queensland Nickel vows to pay workers

By: Esmarie Swanepoel The management of embattled miner Queensland Nickel on Thursday said it was doing all in its power to ensure the company remained afloat, despite rumours to the contrary. Reports emerged on Thursday that insolvency experts had been called in at the refinery as nickel prices continued to remain... 

Struggling Queensland Nickel vows to pay workers

Crisis excellent opportunity to rescue mining – Motlanthe

By: Martin Creamer The current crisis in South Africa’s mining industry should be grasped as an excellent opportunity to introduce material change through an effective joint organising body that gets things done within specified timelines. “We’re in a rut and need to pull ourselves out of it together,” says former... 

Crisis excellent opportunity to rescue mining – Motlanthe
Photo by Duane Daws
Kgalema Motlanthe interviewed by Mining Weekly Online.

Botswana Metals seeks to increase resource at nickel project

By: Megan van Wyngaardt ASX-listed Botswana Metals has lodged three extension applications with the Botswana Department of Mines (DoM) for prospecting licences at its Maibele North nickel project. Maibele North, which has a reserve of 2.38-million resource tonnes, was being developed through a joint venture (JV) with... 

Sama Resources licensed to explore Côte d'Ivoire land package

By: Megan van Wyngaardt Canadian mining company Sama Resources has obtained a new exploration licence, contiguous to the nickel-copper-palladium Samapleu licence, to explore for base metals over an 80 km2 land package in Côte d'Ivoire. The new licence, dubbed the Grata permit, was 100%-owned by Sama Nickel Côte d'Ivoire... 

Market uncertainty pulls EY’s Canadian Mining Eye index down in Q3

By: Henry Lazenby Professional services firm EY’s Canadian Mining Eye index declined 17% during the third quarter 2015, in stark contrast to the second quarter’s 4% gain. This latest drop was even more substantial than the first quarter, which saw only a 1% decline. 

Independence polishes up Nova figures

By: Esmarie Swanepoel The economics of the Nova nickel project, in Western Australia, have been further improved following an optimisation study. ASX-listed Independence Group reported on Monday that the project’s net present value had increased by 36% compared with the 2014 definitive feasibility study, while C1... 

Independence polishes up Nova figures

South African stainless sector expected to track sideways in 2016

By: Terence Creamer South Africa’s stainless steel consumption, which has recovered from the slump experienced during the 2009 recession, is expected to track sideways in 2016. Apparent consumption in 2015 rose 1.9% year-on-year to 190 000 t, which is below the post-crisis peak of nearly 210 000 t, but still... 

South African stainless sector expected to track sideways in 2016
Photo by Duane Daws
Sassda executive director John Tarboton
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