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Nickel
 
DIVERSIFIED MINERS

Upbeat Glencore’s share buyback kicks off to analyst adulation

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Glencore CEO Ivan Glasenberg Upbeat diversified miner and marketer Glencore, which declared an 11% higher dividend for the six months to June 30 on the back of above-consensus half-year results, has put a $1-billion share buy-back programme under starter’s orders, which has...
20th August 2014
 
 
DIVERSIFIED MINERS

South Africa gets 200-job sweetener as BHP Billiton spins out Newco

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Newco CEO-designate Graham Kerr The world’s largest diversified mining company has created sweeteners for South Africa as it demerges and sets out to create a new global metals company that will have a third of its value made up of Southern African aluminium, manganese and...
19th August 2014
 
 
NICKEL

Sirius awarded mining lease at Nova

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The Department of Mines and Petroleum has awarded nickel developer Sirius Resources a mining lease over its Nova project, in Western Australia. The lease was granted just nine business days after signing a mining access agreement with the regions...
19th August 2014
 
 
DIVERSIFIED MINERS

Major South African assets fail to make cut in BHP Billiton portfolio remake

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BHP Billiton CEO Andrew Mackenzie Major South African asset classes have failed to make the cut in BHP Billiton’s latest portfolio remake announcement. Aluminium and manganese have been excluded by implication in BHP Billison's selection of iron-ore, copper, coal – with coking...
15th August 2014
 
 
Nickel

$26.5m restart of Zim nickel smelter under way

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ACCELERATED RESTART The smelter at Trojan nickel mine will be in operation by 2015 Plans are under way to restart a nickel smelter at the Zimbabwe-based Trojan nickel mine, owned by mining company Bindura Nickel Corporation (BNC), a subsidiary of pan-African multicommodity resources company Mwana Africa. The company announced in...
15th August 2014
 
 
Nickel

Base metals explorer to increase Tanzania nickel deposit

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MINING OPERATION
IMX Resources aims to increase nickel sulphide deposit at Ntaka Hill 
Base metals exploration company IMX Resources is aiming to increase the current nickel sulphide deposit and establish a world-class nickel project at its Ntaka Hill nickel sulphide project, in south-east Tanzania, through the ongoing Nachingwea...
15th August 2014
 
 
Nickel

Base metals to see growth in Africa

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PROSPECTING
Africa promises to yield increased amounts of base metals   
Africa, and Southern Africa is particular, is contributing significantly to the increase in global copper supply, says mining consultancy The MSA Group GM Dr Ian Haddon tells Mining Weekly that, in addition to copper, mining projects in Africa...
15th August 2014
 
 
BASE METALS

Mincor posts profit on strong operational performance

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Nickel miner Mincor has swung into profit during the full year ended June, posting net profit of A$1.85-million, compared with a loss of A$22.45-million in the previous financial year. Earnings before interest, tax, depreciation and amortisation...
14th August 2014
 
 
CLAIMS DISPUTE

KWG subsidiary to appeal court order waiving its consent for land easement

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Staked land for railway. Ontario-focused explorer KWG Resources on Wednesday announced that subsidiary Canada Chrome Corp (CCC) would seek permission from the Ontario Court of Appeal to overturn the July 30 ruling of the Divisional Court of the Ontario Superior Court of...
14th August 2014
 
 
 
 
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