R/€ = 16.15 Change: 0.19
R/$ = 14.17 Change: 0.21
Au 1239.98 $/oz Change: -6.65
Pt 789.68 $/oz Change: 0.81

Nickel News

Nickel price to weaken next year, but strengthen again thereafter

By: Rebecca Campbell     7th December 2018 Analysis and consultancy company Fitch Solutions Macro Research (part of the Fitch Group but separate and distinct from sister company Fitch Ratings) has reduced its forecast nickel price for 2019, while remaining confident that it will thereafter trend upwards again. Its previous nickel price... 

Pioneering nickel sulphate venture draws down on loan 

By: Martin Creamer     6th December 2018 Black-controlled Thakadu Battery Materials, a pioneering South African high-purity battery-grade nickel sulphate developer, has made its first drawdown from South Africa’s State-owned Industrial Development Corporation (IDC) under a R152-million loan facility agreement. The IDC loan is funding... 

Pioneering nickel sulphate venture draws down on loan
Thakadu Battery Materials CEO Ruli Diseko

Peru rejects EIA for Sierra Metals’ Yauricocha expansion

By: Mariaan Webb     6th December 2018 Toronto-headquartered Sierra Metals is facing a delay at its Yauricocha tailings expansion project, following the rejection of the environmental impact assessment (EIA) study for the deposition facility. An approved EIA is required for a construction permit for the next three phases of the... 

Panoramic settles Lanfranchi sale

By: Esmarie Iannucci     6th December 2018 ASX-listed Panoramic Resources has completed the A$15.1-million sale of the Lanfranchi nickel project, in Western Australia, to privately held Black Mountain Metals. The two companies in September struck an agreement for the divestment of the Lanfranchi asset, which was placed under care and... 

EVs to become main driver of battery storage deployment over next decade, says Fitch Solutions

By: Simone Liedtke     5th December 2018 The electric vehicle (EV) market is set to become the main driver of surging battery storage deployment over the next decade, following increasing ambitions by developed and emerging markets to decarbonise their transport sectors, and will have a substantial disruptive effect on how energy is... 

Innovate and generate cash at same time – Dassault Systèmes Geovia  

By: Martin Creamer     5th December 2018 The objectives of innovating and generating cash are not mutually incompatible and can be achieved at multiple levels simultaneously, says Dassault Systèmes Geovia Brand CEO Raoul Jacquand, who was in Johannesburg to showcase the French company’s suite of advanced three-dimensional (3D) software.... 

Innovate and generate cash at same time – Dassault Systèmes Geovia
Dassault Systèmes Geovia Brand CEO Raoul Jacquand spoke to Mining Weekly Online’s Martin Creamer on new mining technology. Video: Christo Greyling. Photogaphs: Creamer Media Chief Photographer Dylan Slater.

BHP gets approval for Venus

By: Esmarie Iannucci     5th December 2018 Diversified miner BHP has been granted development approval of its Venus underground nickel mine, by the Western Australian state government. Venus, which was discovered six years ago, will be the source of high-grade material that will feed the Leinster nickel operation’s mille and concentrator... 

Vale to pump $500m into nickel mine, ends partner quest

By: Reuters     4th December 2018 Brazilian miner Vale SA, the world's top nickel producer, wants to shore up its nickel business before the electric vehicle revolution, but lowered 2019 output forecasts for the metal, a key ingredient in lithium batteries. In presentation to investors in New York, Vale executives projected the... 

Vale to pump $500m into nickel mine, ends partner quest
Vale CEO Fabio Schvartsman

URU's Zebediela licence renewed

By: Creamer Media Reporter      4th December 2018 The Department of Mineral Resources has renewed Aim-listed URU Metals' prospecting right over the Zebediela nickel project, in Limpopo. The right will expire on December 2, 2021. 

The final frontier: who owns the oceans and their hidden treasures?

By: Reuters     4th December 2018 Ransom-hungry pirates, polar explorers, offshore oil giants - the race for the riches of the world's final frontier is on. From Thailand to Alaska, the battle to tap ever-dwindling resources from minerals to fish is spurring new conflicts over who has the right to the treasures of the deep seas. 

Construction on $4bn Indonesia EV battery project begins Jan 2019 – Minister

By: Reuters     30th November 2018 Developers will begin building a lithium battery project in Morowali, on the Indonesian island of Sulawesi, on Jan. 11, Coordinating Maritime Minister Luhut Pandjaitan said on Friday. The $4-billion project involves investors from South Korea, Japan and China, Pandjaitan told reporters, without... 

Nickel price to weaken during 2019, but strengthen again thereafter

By: Rebecca Campbell     30th November 2018 Analysis and consultancy company Fitch Solutions Macro Research (part of the Fitch Group but separate and distinct from sister company Fitch Ratings) has reduced its forecast nickel price for 2019, while remaining confident that it will thereafter trend upwards again. Its previous nickel price... 

Lundin refines three-year production outlook

By: Mariaan Webb     29th November 2018 Canadian base metals miner Lundin Mining has updated its guidance for 2019 to 2010, announcing an increase to its three-year production outlook for copper, owing to a refinement to the guidance of Candelaria, in Chile, and an expected early completion of Eagle East, in the US. The group’s 2019... 

Lundin refines three-year production outlook
The Neves-Corvo mine, in Portugal.

Potanin to appeal UK court decision in battle of billionaires

By: Reuters     28th November 2018 Russian businessman Vladimir Potanin plans to appeal a London court decision to block him from buying shares in mining company Norilsk Nickel from fellow investor Roman Abramovich, representatives at Potanin's investment firm said on Tuesday. The ruling, taken in June, was considered to be... 

Kibo concludes sale of Kibo Nickel

By: Creamer Media Reporter      27th November 2018 Aim- and AltX-listed Kibo Energy's Kibo Mining subsidiary has concluded the sale of Kibo Nickel to Katoro Gold. Kibo Energy announced in June that it would sell Kibo Nickel to Katoro for 15.39-million shares valued at about £200 000 as part of its strategy to focus on its energy projects. 

BASF makes low-nickel wager amid scramble for battery metals

By: Reuters     23rd November 2018 German chemicals giant BASF is betting on a new recipe for electric car batteries which stretches the time between charges while cutting dependence on nickel to help shave costs and grab more of a growing market. It is part of flurry of activity in the sphere of cathodes materials, a major... 

Doubts cast on plans for deluge of new nickel supply 

By: Reuters     21st November 2018 Expectations of a supply avalanche hitting the nickel market next year due to new capacity in Indonesia have sent prices to seven-month lows, but analysts doubt the plans spearheaded by Chinese firms can be carried out so quickly. Benchmark nickel on the London Metal Exchange nearing $11 000/t... 

EPA backs Nickel West's Mt Keith plans

By: Esmarie Iannucci     20th November 2018 The Western Australian Environmental Protection Authority (EPA) has approved diversified miner BHP’s Nickel West division’s proposal to build the Mt Keith nickel sulphide mine. The propsed Mt Keith satellite project is located near the existing Mt Keith operation, and will produce some... 

Amur unveils strategic plan for Kun-Manie

By: Simone Liedtke     19th November 2018 Aim-listed Amur Minerals’ Kun-Manie nickel/copper sulphide project has now been sufficiently explored, with numerous studies having confirmed its technical and economic potential to produce class-one nickel suited for the expected growth of the electronic vehicle market. To build on its... 

Brazil court orders Vale to pay damages to indigenous tribes

By: Reuters     19th November 2018 Brazilian court has ordered Vale, Brazil's largest miner, to stop its nickel-extracting operations in the northern state of Pará and pay damages to two indigenous tribes that live in the area. Vale, one of the country's biggest companies, will not be able to resume mining iron or nickel at its... 

Talon unveils results of initial PEA for Tamarack

By: Creamer Media Reporter      13th November 2018 TSX-listed Talon Metals has announced the results of the initial preliminary economic assessment (PEA) that it used as a basis for negotiating the right to acquire up a 60% interest in the Minnesota-based Tamarack project from Rio Tinto. The initial PEA focuses on the Tamarack North project and... 

Zimbabwe platinum miners plan base metal refinery, Minister says

By: Bloomberg     9th November 2018 Platinum miners in Zimbabwe plan to jointly develop a base-metal refinery in the country, Mines Minister Winston Chitando said. The processing plant has been under consideration since at least 2014. The project may cost $134-million, the state-owned Zimbabwe Broadcasting Corp. reported in September. 

Orion equipping communities to benefit from and contribute to its Prieska project

By: Nadine James     9th November 2018 ASX and JSE listed base metals developer, Orion Minerals, has put a big focus on equipping and enabling the communities surrounding its Prieska Zinc-Copper Project, Northern Cape, to benefit from, and contribute to, the development of a modern, mechanised and productive mining operation, says... 

Orion equipping communities to benefit from and contribute to its Prieska project
Photo by Creamer Media
ERROL SMART Unlike Prieska, most South African mining projects are an extension of legacy mining operations and are therefore locked into a cycle of inefficient labour-intensive, unsafe operations

Talon has another go at Tamarack project

By: Creamer Media Reporter      8th November 2018 A year after declining an option to purchase the Tamarak project in Minnesota, US, from Rio Tinto subsidiary Kennecott Exploration Company, Canadian firm Talon Metals has now entered into a new agreement to gain a controlling stake in the nickel/copper project. The TSX-listed junior has entered... 

Large Canadian gold miners ‘to finish year strong’ despite lower prices – EY

By: Creamer Media Reporter      7th November 2018 Despite lower gold prices in the second and third quarters of the year, Canada’s large-cap gold companies are trending towards a stronger second half and most of them are looking to finish the year strong, EY Canada Mining and Metals transaction leader Jay Patel said on Tuesday. The gold price... 

Sibanye-Stillwater’s US operations in the midst of major growth phase 

By: Simone Liedtke     2nd November 2018 Sibanye-Stillwater’s Blitz project development area, which is adjacent to its Stillwater mine, in Montana, in the US, is in the midst of a significant growth phase, says executive VP for the US region Chris Bateman. He told the media in a conference call this week that the expanded Stillwater... 

Sibanye-Stillwater’s US operations in the midst of major growth phase

Mining veteran wants to build a $1bn battery metals giant

By: Bloomberg     1st November 2018 South African mining veteran Brian Menell wants to build a battery material giant to help challenge China’s domination of the nascent industry. It’s still early days for his privately funded company, TechMet, which controls just a handful of assets from Canada to Rwanda. But he’s raising more... 

Mining veteran wants to build a $1bn battery metals giant
Photo by Reuters
Lithiium ion batteries

Nornickel says Q3 nickel output up 9% q/q

By: Reuters     31st October 2018 Russia's Norilsk Nickel (Nornickel) said on Wednesday its consolidated nickel production was at 53 739 t in the third quarter of 2018, up 9% quarter-on-quarter. Nornickel, one of the world's largest nickel and palladium producers, also said its palladium production totalled 699 000 troy ounces,... 

Volatility in global base metals industry to remain, but outlook stable – Moody’s

By: Marleny Arnoldi     30th October 2018 Financial services firm Moody’s Investor Service has a stable outlook for the global base metals industry over the next 12 to 18 months, although indications are that economic growth rates may have peaked. The firm said in a release on Tuesday that synchronised economic growth rates in 2018,... 

Savannah restart under way

By: Esmarie Iannucci     30th October 2018 Nickel miner Panoramic Resources has inked a contract with ASX-listed Pacific Energy to restart an existing 12 MW diesel power station at the Savannah nickel/copper/cobalt mine, in Western Australia. The power station will be restarted from November 1, and will be immediately upgraded and... 

URU applies to renew Zebediela prospecting rights

By: Tasneem Bulbulia     29th October 2018 URU Metals has applied for the renewal of the prospecting rights that make up its Zebediela nickel project, in South Africa. The Department of Mineral Resources (DMR) has completed a site visit, a precondition of any prospecting rights renewal process and granted the renewal in principle for... 

Battery metal bulls fear China's big disrupter to hit nickel

By: Bloomberg     29th October 2018 Commodity traders expect nickel, the silvery-white metal used to make stainless steel, to be a winner from the electric-vehicle revolution -- it’s a key component of batteries. But a Chinese metals giant with a knack of upending markets is threatening to spoil the party. Tsingshan Holding Group... 

Horizonte focus shifts to funding as it ticks feasibility study box

By: Mariaan Webb     29th October 2018 Nickel company Horizonte Minerals has confirmed the economics of its Araguaia ferronickel project, in Brazil, with the completion of a feasibility study, setting up the company to advance offtake agreements and secure funding for the $443-million development. The Aim- and TSX-listed company aims... 

Glencore reports higher Q3 copper, cobalt output on Katanga restart 

By: Marleny Arnoldi     26th October 2018 Global diversified miner Glencore, which is led by CEO Ivan Glasenberg, produced 1.06-million tonnes of copper in the third quarter ended September 30 – a 12% year-on-year improvement. Additionally, the company produced 28 500 t of cobalt, which is 44% higher than that produced in the third... 

Glencore reports higher Q3 copper, cobalt output on Katanga restart
Photo by Creamer Media
Glencore CEO Ivan Glasenberg

Vale expects jump in base metal performance in 2020

By: Reuters     26th October 2018 Brazil's Vale, the world's top iron-ore producer, is expecting major improvement in the performance of its base metals division in 2020 but said that production cuts would remain effect this year and next while prices remain low, executives said on Thursday. CEO Fabio Schvartsman forecast a... 

Strong interest received for South32’s South African energy coal assets 

By: Esmarie Iannucci     25th October 2018 Diversified miner South32 has received nearly 40 expressions of interest for its energy coal assets in South Africa. Speaking on the sidelines of the company’s annual general meeting, South32 CEO Graham Kerr told Mining Weekly Online that, while the talks thus far have been confidential, the... 

Strong interest received for South32’s South African energy coal assets
Photo by Bloomberg
South32 CEO Graham Kerr

Vale reports Q3 miss on forex, base metals

By: Reuters     25th October 2018 Brazil's Vale on Wednesday posted weaker-than-expected net income, as a weaker currency coupled with lower base metals production and prices weighed on the world's largest iron ore producer. The miner, also the world's largest nickel producer, reported $1.408-billion in third-quarter net income,... 

South32's Cerro Matoso said to owe more than $56m in royalties

By: Reuters     24th October 2018 The Cerro Matoso nickel mine, owned by Australian miner South32, owes more than $56-million in unpaid royalties to Colombia, the country's comptroller said on Tuesday. The company, which produced 40 600 t of ferronickel in 2017, applied incorrect discounts to its royalty payments over several... 

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