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Nickel News

Botswana project receives modular building solutions

By: David Oliveira     Updated 1 hour 35 minutes ago Prefabricated building supplier Speedspace delivered 4 256 m2 of mobile preassembled building solutions to Botswana government-owned nickel and copper producer BCL last month. Company MD Hennie Wiggett notes that the 135 units, including housing, ablution facilities, offices, security units and... 

EY’s Mining Eye index climbs for first time in a year

By: Henry Lazenby Professional services firm EY’s Canadian Mining Eye index has gained 4% during the three months ended June, recording a gain for the first time since the second quarter of 2014, compared with a 1% decline in the first quarter. The index outperformed the S&P/TSX Composite index, which slipped 2%... 

EY’s Mining Eye index climbs for first time in a year

Worker dies at Sherritt’s Ambatovy operation, Madagascar

By: Henry Lazenby A contract worker has died from head injuries after being struck by a falling tree at diversified miner Sherritt International’s Ambatovy joint-venture (JV) project, in Madagascar. TSX-listed Sherritt reported that an employee of a tree-clearing contractor was working  in a future mining area on... 

Diamond producer Alrosa to supply Norilsk with X-ray slurry analysers

By: Henry Lazenby A subsidiary of Russian diamond major Alrosa has won a tender to supply nickel miner Norilsk with five X-ray slurry analysers. The X-ray AR-31-NM analysers would be installed at the Talnah concentration mill, in Russia, to determine nickel, copper and iron concentrations in concentrates and... 

First Nickel goes into receivership

By: Henry Lazenby Legal firm KSV Kofman has been appointed as the receiver of First Nickel after the company’s principal secured lender Resource Capital Fund demanded repayment of all of the obligations owing to it, enforcing its security under the Bankruptcy and Insolvency Act of Canada. The Ontario Superior... 

First Nickel goes into receivership
Photo by First Nickel
Lockerby, Ontario.

NUM signs three-year wage deal at Nkomati following three-day strike

By: African News Agency The National Union of Mineworkers announced on Thursday that it had signed a three-year wage deal at the Nkomati Nickel Mine, which is owned by Patrice Motsepe’s African Rainbow Minerals and Norilsk of Russia. The deal followed a three-day strike which started on Sunday evening. The agreement is... 

Western Areas lifts profit, despite weak markets

By: Esmarie Swanepoel Despite a challenging price environment, nickel miner Western Areas has reported a 37.5% increase in net profits after tax ti A$35-million for the year ended June, as costs were reduced and volumes increased. This compared with a net profit after tax of A$25.4-million reported in 2014, while... 

Important that Optimum Coal issue is resolved – Glencore

By: Martin Creamer It was important that the Optimum Coal issue was resolved well so that the coal-mining company could become operational once more, Glencore CEO Ivan Glasenberg said on Wednesday. Responding to media questions after the mining and marketing company’s presentation of half-year (H1) results,... 

Important that Optimum Coal issue is resolved – Glencore
Photo by Creamer Media
Ivan Glasenberg greeting pupils at the R75-million school Glencore built in the Mpumalanga coalfields

Glencore maintains dividend on 29% lower earnings

By: Martin Creamer Diversified marketing and mining major Glencore on Wednesday reported 29% lower first-half (H1) earnings of $4.6-billion on weaker commodity prices. The board of the London-, Hong Kong- and Johannesburg-listed company declared an interim dividend of $0.6 a share, consistent with the 2014 interim... 

Glencore maintains dividend on 29% lower earnings
Photo by Duane Daws
Ivan Glasenberg still seeing window of opportunity

Australian nickel refiner seeks more ore from New Caledonia

By: Reuters Australian nickel refiner Queensland Nickel has yet to fill its laterite ore quota from New Caledonian suppliers and was eager to increase volume as the South Pacific country faces pressure to lift a ban on exports to China. China's stainless steel mills typically use nickel pig iron, a cheaper... 

Sirius inks supply agreement with Glencore

By: Esmarie Swanepoel Takeover target Sirius Resources has inked a supply agreement with diversified major Glencore to supply nearly half of the planned nickel sulphide concentrate production from the Nova mine, in Western Australia. It was expected that concentrate from Nova would be trucked by road to either the... 

Brazil court orders Vale to halt Amazon nickel-mine operation

By: Reuters A Brazilian federal court on Friday ordered Vale to halt activity at its Onça Puma nickel mine, in Brazil's Amazon state of Pará, until it can demonstrate what actions it has taken to compensate indigenous communities in the region. Vale's operations in Pará face regular legal and protest action... 

Vale says leak at Copper Cliff smelter in Canada contained

By: Reuters Brazilian miner Vale said on Thursday that a nitrogen dioxide leak at its Copper Cliff smelter in Sudbury, Ontario had been contained and that the leak did not result in any injuries. A spokesperson for Vale said the incident would not have an impact production as the leak occurred just as Vale... 

Thawing diplomatic relations rekindle prospects of US investment in Cuba’s mining and petroleum sectors

By: Ilan Solomons Re-establishing diplomatic relations between Cuba and the US after 54 years have rekindled fresh hopes that Cuba’s mining and petroleum industries will benefit from potential US investment in these sectors. On January 15, 2015, the US Department of Commerce and the Treasury published regulatory... 

Thawing diplomatic relations rekindle prospects of US investment in Cuba’s mining and petroleum sectors

Optimum rescue chance reasonable if Eskom deal renegotiated – Glencore

By: Martin Creamer The directors of Optimum are of the view that there is a reasonable prospect of rescuing Optimum Coal if the supply agreement with Eskom can be renegotiated, Glencore said on Thursday. Optimum Coal announced on August 4 that it had begun business rescue proceedings because of its continued and... 

Optimum rescue chance reasonable if Eskom deal renegotiated – Glencore
Coal renegotiation sought

Mincor battles falling nickel prices, higher costs

By: Esmarie Swanepoel Despite beating production targets, nickel miner Mincor Resources reported a total net loss after tax of A$34.26-million for the full year ended June, compared with a profit of A$1.85-million in the previous financial year. The net loss included a A$7.76-million write-off on exploration, as well... 

Latin American credit markets slip in risk-off mode

By: Reuters Latin American credit markets were widening on Tuesday after China's devaluation of the yuan and another drop in oil prices added to the woes of a region reliant on commodity exports. The risk-averse tone put particular pressure on regional currencies, driving them lower on worries that the... 

Thiess wins major BHP contract

By: Esmarie Swanepoel Mining contractor Thiess has been awarded a $160-million contract from diversified miner BHP Billiton’s Nickel West division, to undertake operations at the Rocky’s Reward nickel mine, in Western Australia. Thiess would provide turnkey mining services, including mine planning, explosives, drill... 

Royal Nickel’s Dumont project clears development hurdles

By: Henry Lazenby Base metals project developer Royal Nickel Corporation (RNC) continued to make steady  progress on the development of its Dumont nickel project, in Quebec, having chalked-up several critical milestones over the past several months. On August 4, RNC announced that it had executed a memorandum of... 

Looming cobalt market deficit to spur investment interest 

By: Henry Lazenby Cobalt has undergone somewhat of a transformation over the past five years, in step with the new emerging applications in the booming battery business that have driven a three-fold demand increase. Despite being a smaller industry than its battery raw material counterparts – roughly half the size... 

Looming cobalt market deficit to spur investment interest
Photo by Bloomberg
Balls of metal ore sit in a collection drum before loading into a furnace during processing at Katanga Mining's copper and cobalt mine in Kolwezi, Katanga province, Democratic Republic of Congo.

New Caledonia mining trucks protest over nickel export ban to China

By: Reuters Dozens of mining trucks on Friday took to the streets of Noumea, capital of the South Pacific island of New Caledonia, to protest the government's ban on some nickel exports to China. Last week, the heads of the national and local governments along with mining executives vetoed exports of nickel... 

Aircore drilling starts at Fisher East

ASX-listed exploration company Rox Resources has started an aircore drilling programme on the Fisher East nickel sulphide project located 500 km north of Kalgoorlie, in Western Australia. The drilling programme, announced by the company last month, will test several strong electromagnetic (EM)... 

Roytec clinches Zim contract, now boasts R100m order book

By: Ilan Solomons Filtration and separation solutions provider Roytec completed testing and adapting a filter press system for mining company Bindura Nickel Corporation’s Trojan nickel mine, in Zimbabwe, last month. Roytec marketing and business development director Peter Sampson tells Mining Weekly that the... 

Roytec clinches Zim contract,  now boasts R100m order book
Photo by Duane Daws
FILTER PRESS SYSTEM The filter press will be used to dry nickel concentrates at the Trojan nickel mine’s processing plant in Zimbabwe

Sherritt's Madagascar Ambatovy project puts in strong July performance

By: Henry Lazenby Multinational miner Sherritt International has reported much-improved quarter-over-quarter operating metrics at its Ambatovy nickel/cobalt project, in Madagascar. For July, finished nickel output was 1 694 t (4 236 t on a 100% basis), or about 83% of nameplate capacity, and finished cobalt output... 

Rio Tinto CEO rejects fears over China growth, demand

By: Reuters Demand for commodities is healthy on the ground in top consumer China despite worries about an economic slowdown that has weighed on prices, the head of mining group Rio Tinto said on Thursday. It was unclear, however, when China will cut back excess output in aluminium that has led to heavy... 

First Nickel resumes operations at Lockerby after explosion

By: Sashnee Moodley Mining and exploration company First Nickel resumed normal operations on Monday, following an underground explosion at its Lockerby mine, south-west of Sudbury, in Ontario, on Sunday morning.  

First Nickel resumes operations at Lockerby after explosion

Panoramic changes Lanfranchi plans, dismisses staff

By: Esmarie Swanepoel Nickel miner Panoramic Resources has suspended mining at its Deacon orebody, within the Lanfranchi operations, in Western Australia, following an earlier seismic activity. Mining from the Deacon orebody was expected to decline in 2016 as the orebody was depleted; however, Panoramic took the... 

SocGen says miners' output costs have dropped more than expected

By: Reuters Miners' output costs have dropped more than industry consensus due to lower energy prices and weak emerging market currencies, a report by Societe Generale showed, suggesting metals prices have further to fall before miners are forced out of business. The prices of many metals are still around... 

First Quantum idles Sentinel to operate Kansanshi at capacity amid power reductions

By: Natasha Odendaal Aim- and TSX-listed First Quantum Minerals has idled its Sentinel processing plant and redirected its power supply to enable its Kansanshi mine to operate as close to capacity as possible and maintain its development momentum, as Zambia’s power utility imposes power restrictions on mines in the... 

First Quantum idles Sentinel to operate Kansanshi at capacity amid power reductions

Panoramic misses the mark in FY2015

By: Esmarie Swanepoel Nickel miner Panoramic Resources fell just short of reaching its production targets for the financial year ended June 30, as the fourth-quarter output from its Lanfranchi operation, in Western Australia, continued to be affected by seismic events that happened in April. Following two separate... 

Mincor beats FY output target

By: Esmarie Swanepoel Australian nickel miner Mincor has exceeded its production target of 8 500 t, producing 8 632 t of nickel-in-ore during the financial year ended June 30. For the quarter ended June, nickel sales reached 1 468 t, compared with the 1 651 t sold in the previous quarter, as the Mariners mine, in... 

Canadian miner Sherritt posts wider loss as nickel prices drop

By: Reuters Canadian miner Sherritt International Corp reported a bigger loss for the second quarter, hurt by lower nickel prices. The Toronto-based company said on Tuesday its adjusted net loss from continuing operations widened to C$75.2-million ($58.2-million), or C$0.25 a share, in the three months ended... 

Axiom raises cash for Isabel work

By: Esmarie Swanepoel Metals developer Axiom Mining has raised A$5-million through a private share placement to fund the ongoing development of its Isabel nickel project, in the Solomon Islands. A share placement was made to institutional, sophisticated and professional investors, with shares priced at 37c each. 

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... 

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