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Nickel News

Mwana subsidiary to issue bond to fund Bindura smelter restart

By: Creamer Media Reporter Multicommodity miner Mwana Africa’s 74.73%-owned Bindura Nickel Corporation (BNC) subsidiary has been granted prescribed asset (PA) status by the Zimbabwe Finance and Economic Development Minister Patrick Chinamasa. This would enable BNC to seek funding through the marketing of a fixed-term bond... 

Panoramic to start new decline development at Lanfranchi mine

By: Esmarie Swanepoel Nickel miner Panoramic Resources on Friday announced that it would start the development of the Jury-Metcalfe decline, at its Lanfranchi operation, in Western Australia, following an amendment of the existing toll treatment and concentrate purchase agreement with mining major BHP Billiton.... 

Ivanhoe platinum project prepares for site work resumption

By: Martin Creamer Preparations have begun for a resumption of site work at Ivanhoe’s platinum project near Mokopane in Limpopo province, with the construction of the initial production shaft of the planned underground mine the focal point of the first phase of development of an initiative that has been decades in... 

Ivanhoe platinum project prepares for site work resumption
Photo by Duane Daws
Ivanhoe's Robert Friedland

Royal Nickel announces appointment of new project director

By: Creamer Media Reporter JOHANNESBURG (miningweekly.com) – TSX-listed mineral resource company Royal Nickel Corporation has appointed Christian Brousseau project director for its Dumont nickel project. Reporting to the VP of operations, Brousseau will have overall responsibility for the execution plan, engineering and... 

Glencore, French open $7bn nickel mine in New Caledonia

By: Martin Creamer French President François Hollande on Monday officially opened the new $7-billion Koniambo nickel project in New Caledonia, a territory of France that is located 1 210 km east of Australia, in the south-west Pacific Ocean. The joint venture (JV) between the London-, Hong Kong- and now also... 

Glencore, French open $7bn nickel mine in New Caledonia
Photo by Bloomberg
François Hollande and Ivan Glasenberg

TVI Pacific completes second nickel shipment from Philippine project

By: Henry Lazenby Calgary-based TVI Pacific, which owns a 60% interest in the Agata iron/nickel laterite project, in the Agusan del Norte province, Philippines through subsidiary TVI Resource Development (TVIRD), on Friday said it had completed a second shipment of direct shipping ore (DSO). The high-iron,... 

EY’s Canadian Mining Eye falls 15% during Q3, expects sluggish Q4

By: Henry Lazenby Professional services firm EY's quarterly ‘Canadian Mining Eye’ index fell 15% in the September quarter, paring a 9% gain during previous quarter. The firm said on Thursday that the fall in the index was in line with the S&P/TSX Composite index, which also plummeted 15% during the period, while... 

EY’s Canadian Mining Eye falls 15% during Q3, expects sluggish Q4

Poseidon completes Lake Johnston buy 

By: Esmarie Swanepoel Nickel developer Poseidon Nickel has completed the purchase of the Lake Johnston project from major Norilsk Nickel and was hoping to restart production. Poseidon acquired the Lake Johnston project from Norilsk in a A$1-million deal in September this year, after purchasing the Black Swan nickel... 

BHP to retain Nickel West as noncore asset

By: Esmarie Swanepoel Mining giant BHP Billiton has shelved the sale of its Western Australian Nickel West division, after failing to secure an acceptable offer for the unit. The Nickel West business comprises the Mt Keith, Cliffs and Leinster mines, as well as the Kalgoorlie smelter, Kambalda concentrator and the... 

BHP to retain Nickel West as noncore asset

Struggling miners see silver lining in FX, cheaper oil

By: Reuters Global mining companies stung by slumping commodity prices are looking forward to a modest consolation prize - weaker local currencies and falling oil prices that will help trim their costs. Metal prices have plunged to multi-year lows as the US dollar strengthened against a basket of... 

Poseidon upgrades Mt Windarra reserve

By: Esmarie Swanepoel Nickel developer Poseidon Nickel has revised its mineral resource estimates for the Mt Windarra project, in Western Australia, to bring it in line with the latest Joint Ore Reserves Committee-compliance standards. Poseidon revealed on Friday that the project was estimated to host some... 

Corazon makes another Canadian nickel investment

By: Esmarie Swanepoel Perth-based explorer Corazon Mining has inked an agreement to acquire the Victory nickel project, in Canada, from TSX-listed Victory Nickel. Under the terms of the acquisition, Corazon would issue about 40-million of its own shares to Victory upon the settlement of the transaction, with Victory... 

Poseidon Nickel publishes Black Swan ore reserve estimate

By: Esmarie Swanepoel Nickel developer Poseidon Nickel has reported an initial ore reserve of 3.37-million tonnes, grading 0.63% nickel for 21 500 t of contained metal at its Black Swan openpit project, in Western Australia. The completion of the reserve definition work was done prior to the acquisition of the Black... 

Glencore's Q3 ferrochrome, coal, oil, copper production up

By: Martin Creamer The South Africa-centred ferrochrome production of diversified miner Glencore lifted in the third quarter, as did its global coal, oil and copper production. The London-, Hong Kong- and now also Johannesburg-listed global mining and marketing company, headed by CEO Ivan Glasenberg, said that its... 

Glencore's Q3 ferrochrome, coal, oil, copper production up
Photo by Duane Daws
Glencore CEO Ivan Glasenberg

China to use up nickel ore port inventories by April 2015

By: Henry Lazenby Chinese ports are expected to run down their nickel ore inventories by April next year, Chinese metals market intelligence firm Shanghai Metals Market (SMM) said. The firm last week noted that nickel ore inventories had been falling at China’s five major ports, – Tianjin, Rizhao, Lanshan,... 

Sherritt International posts Q3 loss, cuts into workforce

By: Henry Lazenby TSX-listed nickel and cobalt producer Sherritt International will cut its salaried workforce by 10%, excluding employees at its Ambatovy nickel and cobalt mine, in Madagascar, as part of its company-wide restructuring process. Sherritt, which had started a process to sell its Toronto head-office... 

Strike-hit Impala’s platinum output down 25%, unit costs up 62%

By: Martin Creamer Strike-hit mining company Impala Platinum (Implats) has produced 25.5% fewer platinum ounces in the three months to September 30 than in the corresponding period last year. In line with reduced platinum production, group unit costs rose 62% to R26 698/oz of platinum, compared with R16 488/oz in... 

Strike-hit Impala’s platinum output down 25%, unit costs up 62%
Photo by Duane Daws
Implats CEO Terence Goodlace

Sumitomo appeal of nickel mine ruling to be heard in early 2015 - Axiom

By: Reuters An appeal by Japan's Sumitomo Metal Mining Co Ltd against a Solomon Islands court ruling giving Australia's Axiom Mining Ltd prospecting rights to a nickel deposit is expected to be heard early next year, Axiom said on Monday. Axiom has been making plans to ship unprocessed ore to Chinese buyers... 

Mindoro Resources ships first iron-ore from Philippines

By: Henry Lazenby TSX-V- and Frankfurt-listed Mindoro Resources this week reported that it had completed the first shipment of high-iron/low-nickel direct shipping ore (DSO) from the Agata project, located in northern Mindanao, in the Philippines. The shipment of 54 181 wet metric tonnes (wmt) of limonite ore,... 

Mirabela says Q3 production solid 

By: Esmarie Swanepoel Embattled nickel miner Mirabela Nickel has reported a solid quarter, despite being in administration. Production during the three months to the end of September reached 2 628 t of nickel in concentrate. This compares with 2 767 t produced during the previous quarter. 

Less Eskom coal, fewer S African diamonds, less refined platinum, lower iron-ore sales – Anglo

By: Martin Creamer Diversified mining company Anglo American on Thursday reported 12% lower coal production for South Africa’s State electricity utility Eskom, 31% less refined platinum production, 4% lower iron-ore exports and fewer diamond carats from South African diamond mines, in the three months to September... 

Less Eskom coal, fewer S African diamonds, less refined platinum, lower iron-ore sales – Anglo
Photo by Duane Daws
Anglo CEO Mark Cutifani

Mincor assets deliver in Sept quarter 

By: Esmarie Swanepoel Nickel miner Mincor Resources has exceeded its production expectations during the September quarter, as both its operating mines, in Western Australia, exceeded yearly production targets. During the three months under review, Mincor increased production to 2 515 t of nickel-in-ore, up 5%... 

Norilsk sheds African assets in $337m deal 

By: Natasha Odendaal Norilsk Nickel is set to sell its African assets to Botswana-based mining company BCL for $337-million, as the Russian miner’s newly adopted strategy to shed all international assets moves forward. The parties on Monday announced the conclusion of definitive transaction agreements that would see... 

Norilsk sheds African assets in $337m deal

Western Areas bumps production in first quarter

By: Esmarie Swanepoel Nickel miner Western Areas has bumped up production during the first quarter ended September to produce 6 660 t of nickel, up 380 t from the previous quarter. Mill production was also up by 175 t on the previous quarter to 6 511 t. 

X2 sitting on $5bn war chest

By: Creamer Media Reporter Creamer Media's Shannon de Ryhov speaks to Mining Weekly editor Martin Creamer about X2 Resources garnering another $1-billion to take the incipient mining company towards financial reserves of close on $5-billion. 

X2 sitting on $5bn war chest

Renewable energy a tough sell for prospective RoF developers

By: Henry Lazenby Among the many challenges facing as many as 20 mining companies holding claims in the Ring of Fire (RoF) mineral region of Northern Ontario, the most significant might be the limited infrastructure. However, besides having to deal with exploration, project planning, First Nations negotiations and... 

Renewable energy could open door to social licence for new mines in RoF 

By: Henry Lazenby A poll released on Thursday revealed that First Nations living in the remote far northern reaches of Ontario, including near the latent Ring of Fire minerals-rich district, would be more agreeable to allow mining projects to take root near their communities if the mines were to make use of... 

Renewable energy could open door to social licence for new mines in RoF

R50m virtual reality centre set to revolutionise mine design

By: Martin Creamer The University of Pretoria’s new virtual reality mine design centre, which is on track to go into test mode in April, is set to revolutionise both surface and underground mine design. A total of R50-million is being invested in the centre, which will be put into a three-month test phase ahead of... 

R50m virtual reality centre set to revolutionise mine design
Photo by Creamer Media
Prof Ronny Webber-Youngman (right) and Martin Creamer

Mick Davis X2 now sitting on nigh-$5bn war chest

By: Martin Creamer Old Xstrata recollections were reignited on Tuesday as former Xstrata CEO Mick Davis announced that his new X2 Resources had garnered in another $1-billion to take the incipient mining company towards financial reserves of close on $5-billion. A number of new investors have taken the X2 total up... 

Mick Davis X2 now sitting on nigh-$5bn war chest
Photo by Duane Daws
Flashback Mick Davis picture

Kibo shares lift on prospect of study spawning early gold production

By: Martin Creamer The share price of Kibo Mining rose by more than 11% in Johannesburg on Tuesday on the prospect of a commenced definitive feasibility study opening the way for early gold production at the company’s Imweru prospect, in Tanzania. The six-year-old Aim- and AltX-listed exploration and development... 

Kibo shares lift on prospect of study spawning early gold production
Kibo CEO Louis Coetzee

Platinum producers top mining/metals companies in sustainability data transparency index

By: Tracy Hancock The 2014 IRAS Sustainability Data Transparency Index (SDTI) report has been published, with platinum producer Anglo America Platinum (Amplats) topping the mining/metals companies list and ranking second out of the more than 300 companies assessed throughout South Africa and across all sectors in... 

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