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Nickel News

Colombia looks to recover $181.5m in alleged unpaid royalties from South32

By: Reuters     Updated 5 minutes ago Colombia has launched an investigation over alleged unpaid royalties of 619-billion pesos ($181.5-million) from iron and nickel production at Australian miner South32's Cerro Matoso mine between 1982 and 2012, the country's comptroller said Wednesday. According to initial findings the Australian... 

Anglo delivers $3.5bn profit, declares final dividend

By: Martin Creamer     Updated 1 hour 30 minutes ago Diversified mining company Anglo American delivered 2019 profit attributable to equity shareholders of $3.5-billion, in line with the prior year. The company, headed by CEO Mark Cutifani, generated underlying earnings of $10-billion, a 9% increase, and $2.3-billion of attributable free cash flow. 

Anglo delivers $3.5bn profit, declares final dividend
Photo by Creamer Media
Anglo American CEO Mark Cutifani

Mt Thirsty PFS supports development

By: Esmarie Iannucci     Updated 2 hours 1 minute ago A prefeasibility study (PFS) into the Mt Thirsty cobalt/nickel joint venture (JV), in Western Australia, has found that the project could support the production of 19 100 t/y of cobalt and 24 800 t/y of nickel as a mixed sulphide product over a mine life of 12 years. The PFS estimated that the... 

ERG mulls construction of battery metals plant

By: Creamer Media Reporter      19th February 2020 Diversified natural resources group Eurasian Resources Group (ERG) is assessing options for the construction of a plant to produce nickel/cobalt/manganese (NCM) precursor materials for use in lithium-ion batteries in electric vehicles (EVs). The group is planning to develop the proposed plant in... 

Climate-friendly copper, cobalt, nickel steal limelight as Glencore depletes coal reserve 

By: Martin Creamer     18th February 2020 Climate-friendly energy transition metals, copper, cobalt and nickel, stole the limelight during Glencore’s presentation of 2019 results on Tuesday, when the company revealed that it would be depleting its coal reserves in line with the global move towards a low-carbon economy. Presenting... 

Climate-friendly copper, cobalt, nickel steal limelight as Glencore depletes coal reserve
Photo by Bloomberg
Ivan Glasenberg

Glencore provides update on its transition to low-carbon economy

By: Martin Creamer     18th February 2020 JOHANNESBURG (miningweekly.com) – Diversified mining and marketing company Glencore on Tuesday published an update on its performance in transitioning towards a low-carbon economy. This follows its climate change position statement of February 2019. 

Glencore provides update on its transition to low-carbon economy
Photo by Bloomberg
Ivan Glasenderg

ARM's basic earnings expected to rise

By: Simone Liedtke     17th February 2020 Diversified miner African Rainbow Minerals (ARM) expects its basic earnings for the first half of the 2020 financial year to increase by between 60% and 65% to between just over R2-billion and R2.1-billion. Basic earnings per share for the six months under review are expected to be between 1 081c... 

Minnesota Natural Resources Dept and PolyMet approach Supreme Court

By: Mariaan Webb     17th February 2020 The Minnesota Department of Natural Resources (DNR) and Toronto-headquartered PolyMet Mining have approached the Supreme Court to review last month’s state Court of Appeals decision on permits for the NorthMet project. The DNR is seeking a review of a decision regarding three permits that it... 

Bushveld sees battery storage potential beyond EVs  

By: Simone Liedtke     17th February 2020 While the energy transition is gaining a lot of traction, integrated primary vanadium producer Bushveld Minerals CEO Fortune Mojapelo laments that the battery storage narrative is “still dominated by electric vehicles (EVs)”. He tells Engineering News & Mining Weekly that there is still a lack of... 

Bushveld sees battery storage potential beyond EVs
Bushveld Minerals CEO Fortune Mojapelo chats to Engineering News & Mining Weekly about the energy transition, how vanadium plays a role in this as well as how this fits into the company's growth plans. Video: Creamer Media's Kutlwano Matlala. Editing: Nicholas Boyd.

Angola seeks to make itself a more mining-friendly jurisdiction

By: Rebecca Campbell     14th February 2020 Angola will this year initiate a new governance system for the country’s mining industry, the country’s Mineral Resources and Petroleum Minister, Diamantino Azevedo, confirmed at the recent Investing in African Mining Indaba in Cape Town. The new system will include the new National Agency for... 

Call made for accelerated exploration to build critical-minerals pipeline

By: Tracy Hancock     14th February 2020 Amid growing demand for critical minerals globally on the back of increased production of the technologies needed to realise a low-carbon future, North America’s policies and regulations are said to be hindering exploration and depleting its project pipeline. This is the most minerals-intensive... 

Call made for accelerated exploration to build critical-minerals pipeline

Low carbon future to dictate PDAC 2020 talks

By: Tracy Hancock     14th February 2020 Mineral exploration and mining’s role in the global shift towards a low carbon future could dominate discussions at this year’s Prospectors & Developers Association of Canada (PDAC) Convention, PDAC executive director Lisa McDonald tells Mining Weekly. “To meet demand for electric vehicle... 

Low carbon future to dictate PDAC 2020 talks
CRITICAL GATHERING Popular topics that should continue to attract high attendance at the PDAC Convention are diversity and inclusion, sustainability, capital markets and Indigenous affairs

Greek lawmakers clear rescue plan for nickel producer Larco

By: Reuters     13th February 2020 ATHENS – Greek lawmakers approved a restructuring plan for Larco late on Wednesday which Greece called a last attempt to save Europe's biggest nickel producer. The European Commission said in November it was taking Greece to the European Court of Justice (ECJ) over its failure to recover... 

West Musgrave PFS proves positive

By: Esmarie Iannucci     12th February 2020 A prefeasibility study (PFS) into the West Musgrave/ Nebo-Babel base metals project, in Western Australia, has demonstrated that the project could have a mine life of some 26 years, producing at an annual rate of 28 000 t of copper and some 22 000 t of nickel in concentrates. “The PFS is now... 

Silver Swan's reserves double

By: Esmarie Iannucci     11th February 2020 The share price of junior Poseidon Nickel increased by more than 9% on Tuesday, after the company reported a doubling of the nickel reserve at its Silver Swan operation, in Western Australia. The Silver Swan project is now estimated to host 130 000 t of contained nickel metal, at 5.2% nickel for... 

Russia considering $1bn loan to Nornickel for Arctic project - Ifax

By: Reuters     7th February 2020 The Russian government is considering spending $1-billion from its sovereign wealth fund on a loan to mining giant Norilsk Nickel for its Arctic Palladium project, the Interfax news agency cited a source as saying on Friday. The Arctic Palladium project is Nornickel's joint venture with Russian... 

Video: Zero emissions transport future will require more copper, platinum 

By: Creamer Media Reporter      6th February 2020 Canadian mining company Ivanhoe Mines co-chairperson Robert Friedland this week told delegates at the Investing in African Mining Indaba that the world was shifting towards zero emissions transportation and that this will likely result in shortages of 'green' metals, like platinum and copper. He... 

Video: Zero emissions transport future will require more copper, platinum
Ivanhoe Mines co-chairperson discusses the global move away from internal combustion engines towards electric and hydrogen fuel cell vehicles. Video and editing: Nicholas Boyd

Glencore reports lower full-year copper, ferrochrome output

By: Tasneem Bulbulia     4th February 2020 Global diversified natural resource group Glencore on Tuesday released its full-year production results, with own-sourced copper production of 1.3-million tonnes for the period 82 500 t, or 6%, lower Year-on-year. About half of this (40 800 t) related to its African copper assets, with Katanga's... 

Glencore reports lower full-year copper, ferrochrome output
Photo by Bloomberg
Kamoto

Lower grades impact Panoramic production

By: Esmarie Iannucci     31st January 2020 Nickel miner Panoramic Resources has reported a 22% decline in nickel production and a 19% decline in copper production for the December quarter, compared with the previous three months. Nickel in concentrate production at the Savannah operation, in Western Australia, declined from 1 342 t to 1... 

Seabed mining faces major challenges

By: Rebecca Campbell     31st January 2020 Data analytics and consultancy company GlobalData has warned that deep ocean mining faces serious difficulties. In a report it issued recently, it warned that attempts to mine the seabed at such depths were both technically difficult and controversial.  

Panoramic adjusts full-year outlook

By: Esmarie Iannucci     30th January 2020 Nickel miner Panoramic Resources has lowered its 2020 production guidance from its Savannah operation, in Western Australia. The ASX-listed company was now expecting full year production to reach between 5 200 t and 5 600 t of contained nickel, between 3 400 t and 3 700 t of contained copper,... 

Tumbling nickel prices impact IGO revenues

By: Esmarie Iannucci     30th January 2020 Falling nickel prices has seen the revenues of metals miner Independence Group decrease during the December quarter, as nickel prices fell. Nickel production at Nova was down slightly in the December quarter, at 7 513 t of contained nickel, compared with the 7 724 t produced in the September... 

Rock mechanics study completed for Kun-Manie

By: Creamer Media Reporter      28th January 2020 The rock mechanics (geomechanical) study for mining at London-listed Amur Minerals’ Kun-Manie project, in Russia, has been completed and approved by authorities, confirming that the project can be implemented as an openpit operation. The study, compiled by the Mining Institute of the Far Eastern... 

Greece to sell troubled nickel producer Larco's assets

By: Reuters     24th January 2020 Greece plans to liquidate Larco, one of Europe's biggest nickel producers which is struggling under heavy debt, and then look for an investor for some of the company's assets, its energy minister said on Friday. The European Commission said in November it was taking Greece to the European Court... 

No boom expected for battery metals

By: Darren Parker     24th January 2020 The battery metals market is not expected to show a significant upturn this year, says blasting solutions and explosives manufacturer BME Southern Africa operations GM Albie Visser. “We do not anticipate a massive increase. However, BME will follow the lead of the electronic vehicle (EV)... 

No boom expected for battery metals
BATTERY EMPOWERMENT In focus at this year’s Investing in African Mining Indaba is the leveraging of precious metals and battery metals to create economic stability and thriving communities

Africa expected to be responsible producer

By: Tracy Hancock     24th January 2020 Global commodities markets expect African producers to deliver “ethically” produced, traded and transformed material, says responsible sourcing auditing and advisory company RCS Global CEO Dr Nicholas Garrett. Responsible sourcing practices are resulting in higher standards at African mining... 

Africa expected to be responsible producer
Photo by Bloomberg
SCOPE WIDENING Cobalt remains the commodity under the most scrutiny in terms of responsible sourcing, but focus is expanding to include other key battery and tech-metal supply chains

Anglo American delivers on 2019 production targets

By: Tasneem Bulbulia     23rd January 2020 Diversified miner Anglo American delivered on its production targets across the business for the year ended December 31, CE Mark Cutifani said on Thursday with the release of the group’s unaudited production results for the fourth quarter and the full-year. Production was up 4% for the fourth... 

Anglo American delivers on 2019 production targets
Photo by Creamer Media
Anglo American CEO Mark Cutifani

Deep seabed mining will not be easy, warns consultancy

By: Rebecca Campbell     22nd January 2020 Data analytics and consultancy company GlobalData has warned that deep ocean mining faces serious difficulties. In a report it issued recently, it warned that attempts to mine the seabed at such depths were both technically difficult and controversial. Deep ocean seabeds are thought to be... 

Nigeria to resume mining in Zamfara state in first quarter – minister

By: Reuters     22nd January 2020 Nigeria will lift a ban on mining in Zamfara state by the end of March after the government deployed a surveillance team to stifle illegal activity in the northwestern region, the minister of mines and steel development said. The government suspended operations in April on concerns that illegal... 

World risks 'disaster' as reuse of natural resources declines

By: Reuters     21st January 2020 The proportion of raw materials the world is reusing has fallen, researchers said on Tuesday, warning of a "global disaster" as annual consumption of natural resources rose to 100-billion tonnes for the first time. Just 8.6% of the 100-billion tonnes of materials – including minerals, metals,... 

Anglo set to make low carbon fertiliser contribution 

By: Martin Creamer     20th January 2020 The polyhalite-based Poly4 product that Anglo American will market if its bid for Sirius Minerals is successful emits significantly less carbon dioxide (CO2) per tonne relative to both of the other two main fertiliser products.. Poly4 emits 93% less CO2 than the more elaborate processing of... 

Anglo set to make low carbon fertiliser contribution
Photo by Creamer Media
Duncan Wanblad

Local lithium-ion battery plant to open its doors this year 

By: Irma Venter     20th January 2020 The Megamillion Energy Company intends to be Africa’s first large-scale producer of lithium-ion batteries, with a mandate to make batteries “in Africa, for Africa’s benefit first”. Megamillion aims to have Africa’s first lithium-ion battery production pilot plant up and running in the second half... 

Local lithium-ion battery plant to open its doors this year
Nechan Naicker

Kun-Manie baseline enviro assessment approved

By: Creamer Media Reporter      15th January 2020 The baseline environmental assessment of the Kun-Manie nickel/copper sulphide project, in the far east of Russia, has been filed and approved by government agencies. The baseline environmental assessment has to be included in the TEO, which is the Russian required feasibility study. 

Panoramic raises A$19m in retail offer

By: Esmarie Iannucci     14th January 2020 Nickel miner Panoramic Resources has completed the retail component of its one-for-six entitlement offer, launched in December last year. The miner on Tuesday said that at the retail entitlement offer closed on January 10, raising some A$19-million, at 30c a share, with eligible shareholders... 

Independence to allow Panoramic offer to lapse

By: Esmarie Iannucci     9th January 2020 Metals miner Independence Group will allow its takeover offer of fellow-listed Panoramic Resources to lapse at the close of the takeover offer on January 17. Panoramic had previously rejected the Independence offer, under which Independence was offering one of its own shares for every 13... 

FPX Nickel's shares shoot up on nickel recoveries announcement

By: Tasneem Bulbulia     8th January 2020 Successful leach testing of high-grade nickel concentrates from Vancouver-based explorer FPX Nickel’s Decar nickel district, near Fort St James, British Columbia, has confirmed nickel recoveries up to 99.5% in producing a high-concentration nickel/cobalt chemical solution suitable for the... 

Brazil’s Santa Rita nickel mine returns to production

By: Tasneem Bulbulia     7th January 2020 One of the world’s largest openpit nickel sulphide mines, Santa Rica in Brazil, is back in production, with Atlantic Nickel on Monday announcing the first sale of nickel concentrate from the mine that it bought in 2018. Atlantic, which is owned by investment advisory firm Appian Capital,... 

Brazil’s Santa Rita nickel mine returns to production
Atlantic Nickel CEO Paulo Castellari

Panoramic warns of production fall, finds new buyer for Thunder Bay

By: Esmarie Iannucci     6th January 2020 Nickel miner Panoramic Resources has flagged a 22% drop in nickel production for the December quarter, and a 19% drop in copper production, compared with the previous quarter. During the three months to December, Panoramic produced 1 042 t of nickel and 695 t of copper, as well as 55 t of cobalt. 

Panoramic warns of production fall, finds new buyer for Thunder Bay
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