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Nickel News

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, the Philippines. The shipment comprising 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

China metals demand seen up in 2015, copper at least 6%

By: Reuters China's consumption of refined copper is expected to rise at least 6% in 2015, roughly in line with this year, supported by new investment in power networks and demand from rail projects, analysts and industry executives said. An expected slowdown in new residential and commercial building... 

Philippines clears way for Marcventures' expanded nickel mining

By: Reuters Marcventures Holdings Inc , one of the Philippines' biggest nickel miners, has won government approval to expand its mining operations, helping it to ramp up ore exports to top buyer China, the company said on Friday. The decision by the Mines and Geosciences Bureau (MGB) will allow Marcventures... 

Vale to divest 20% of Indonesian unit within five years – CEO

By: Reuters Nickel miner Vale Indonesia will divest a further 20% stake of the company to Indonesian parties within five years, the firm's chief executive said on Friday, after signing an amended mining contract with the government of Indonesia. Vale has already divested a 20% stake via its public listing... 

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... 

Monsoon to curb Philippines nickel mining, hurt China supply

By: Reuters Seasonal rains are set to disrupt nickel mining in the Philippines for the next four months or so, crimping exports to top buyer China and stoking a shortfall in the global supply of ore. Miners in the Philippines say they will be able to fulfil their 2014 contracts as they have factored in the... 

Monsoon to curb Philippines nickel mining, hurt China supply

Creamer Media publishes Canadian Mining Roundup for October 2014 research report

This month’s roundup includes details of ASX- and TSX-listed coal developer Coalspur’s three approvals and licences for the Phase 1 development of its Vista project, in British Columbia; midtier gold miner Iamgold’s has declared commercial production at its Westwood mine, in the Abitibi region of... 

Creamer Media publishes Canadian Mining Roundup for October 2014 research report

Poseidon raises cash to prepare for production  

By: Esmarie Swanepoel Nickel miner Poseidon Nickel on Friday announced that it had raised A$30-million through a share placement to strategic, professional and sophisticated investors. The company would place more than 166.66-million shares, at a price of 18c each, to raise the capital. 

Poseidon raises cash to prepare for production

Junior explorer aims for first graphite production in 2016

By: Mia Breytenbach ASX-listed junior explorer Kibaran Resources expects to complete the feasibility and project evaluation study of its Epanko graphite deposit, part of the Mahenge graphite project, in south-east Tanzania, by mid-2015, says Kibaran Resources executive director Andrew Spinks, adding that, upon... 

Junior explorer aims for first graphite  production in 2016
Photo by Bloomberg
GRAPHITE PROSPECT Kibaran aims to reach first production at its Epanko graphite project, in Tanzania, in 2016

Mining lab extends services to Tanzania

By: Mia Breytenbach Mining laboratory quality-control services provider Qotho Laboratory Services will conduct an audit for accreditation purposes for a commercial gold-testing laboratory in the Mwanza region of Tanzania, says technical director Nhlanhla Mamba. He tells Mining Weekly that Qotho will start the... 

Mining lab extends services to Tanzania
Photo by Duane Daws
TESTING SCHEME PARTICIPANT Tanzania is one of the 15 participants in both the gold and the iron-ore proficiency testing schemes

Tanzania mining needs regulatory certainty, transparency – law firm

By: Mia Breytenbach Tanzania’s mining industry is currently facing several key challenges, including the need to attract investment for exploration in a difficult financial climate, compounded by regulatory uncertainty discouraging additional investment, states law firm Norton Rose Fulbright Tanzania director Adam... 

Tanzania mining needs regulatory certainty, transparency – law firm
MINING PROSPECTS To unlock mining potential in Tanzania, more investment in infrastructure and power is required

Commodities under pressure as China continues economic realignment

By: Simon Rees Commodity prices will continue to face near-term challenges that are linked to the dip in Chinese growth. However, support is likely to come from the country’s new economic agenda, Scotiabank VP and commodity market specialist Patricia Mohr told attendees at the recent Global Chinese Financial... 

Commodities under pressure as China continues economic realignment

Axiom shares rise on court decision

By: Esmarie Swanepoel The share price of prospector Axiom surged by nearly 16% on Thursday on news that the Solomon Island Court of Appeal had sided with the company. Axiom told shareholders that the Court of Appeal had set aside an interim injunction instigated by Japanese giant Sumitomo Metal Mining to prevent... 

Axiom shares rise on court decision

Chad to double oil output by 2016, develop minerals – Minister

By: Reuters Chad expects to double oil production by the end of 2015 as new fields come on stream and has appointed firms to inventory potential mineral deposits in an effort to diversify the economy, its finance minister said. The former French colony, one of the poorest nations in the world, has been... 

Chad to double oil output by 2016, develop minerals – Minister

Commander options majority stake in South Voisey’s Bay nickel project to Fjordland

By: Henry Lazenby TSX-V-listed Fjordland Exploration on Thursday reported that private firm Commander Resources had given it the option to acquire up to 70% of the South Voisey's Bay nickel/cobalt project, in central Labrador. The two explorers had executed a memorandum of understanding (MoU), under which... 

Commander options majority stake in South Voisey’s Bay nickel project to Fjordland

Poseidon to sell Windarra nickel ore to BHP Billiton  

By: Esmarie Swanepoel ASX-listed nickel miner Poseidon Nickel has used this year’s Paydirt Nickel conference to announce the signing of a conditional offtake agreement with mining giant BHP Billiton’s Nickel West division. “The deal with BHP is a revolutionary one for this company. In a period when capital is... 

Poseidon to sell Windarra nickel ore to BHP Billiton

Nickel prices seen at $20 000/t next year

By: Esmarie Swanepoel Nickel prices on the London Metals Exchange (LME) were expected to average at $20 000/t in 2015, owing to expected shortfall in new production, coupled with a ban on ore exports from Indonesia, financial adviser Alto Capital reported at the Paydirt Nickel conference. Nickel prices traded at a... 

Nickel prices seen at $20 000/t next year

Western Areas spends big on exploration

By: Esmarie Swanepoel Nickel miner Western Areas would spend about A$20-million on exploration over the 2015 financial year, MD and CEO Dan Lougher said on Thursday. Speaking at the Paydirt Nickel conference, in Perth, he said Western Areas would spend about two-thirds of this budget at its Forrestania tenements, in... 

Western Areas spends big on exploration

Sirius hopes for Nova offtake by December

By: Esmarie Swanepoel ASX-listed nickel developer Sirius Resources was hoping to secure an offtake partner for its A$473-million Nova nickel mine, in Western Australia, before the end of 2014. Sirius executive director Jeff Foster said the mine was expected to be fully permitted by the end of the year. The company... 

Sirius hopes for Nova offtake by December

Axiom's legal woes continue

By: Esmarie Swanepoel ASX-listed Axiom is facing another legal battle in its efforts to start mining at a nickel discovery in the Solomon Islands. A week after winning a three-year court battle against Japanese giant Sumitomo Metal Mining allowing Axiom to start the development at the project area, the company... 

Axiom's legal woes continue
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