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Nickel News

NiWest to cost A$966m

By: Esmarie Swanepoel     2nd August 2018 A prefeasibility study (PFS) into the NiWest nickel/cobalt project, in Western Australia, has estimated that the project could produce 456 000 t of nickel and 31 400 t of cobalt over a 27-year mine life, based on a nameplate processing capacity of 2.4-million tonnes a year. Owner GME Resources... 

Nornickel says Q2 nickel output flat y/y

By: Reuters     31st July 2018 Russia's Norilsk Nickel (Nornickel) said on Tuesday its consolidated nickel production was at 49 460 t in the second quarter of 2018, broadly flat year-on-year. Nornickel, one of the world's largest nickel and palladium producers, also said its palladium production totalled 813 000 troy ounces,... 

Norilsk says will continue litigation against Botswana govt

By: Anine Kilian     24th July 2018 Russian nickel producer Norilsk Nickel on Tuesday said it would continue with the litigation against the Botswana government over the Nkomati and Tati facilities to recover around $277-million it says is owed to it by State-owned BCL. Norilsk alleges that BCL failed to make a payment under an... 

Amur, GEFCO to collaborate on logistics, supply chain solutions at Kun-Manie

By: Marleny Arnoldi     23rd July 2018 Aim-listed nickel/copper explorer Amur Minerals has entered into a memorandum of cooperation (MoC) with global supply chain solutions expert GEFCO to address Amur’s rail and shipping transport requirements for project construction, operational supply support and saleable product delivery to the... 

RNC selects preferred bidder for WA mine

By: Creamer Media Reporter      23rd July 2018 Canadian miner RNC has completed the second phase of the sales process of its Beta Hunt gold and nickel mine, in Western Australia, with the selection of a preferred bidder. RNC has granted exclusivity to the bidder, which was not named, to allow for completion of the final phase of the sale... 

Western Areas hits full year targets

By: Esmarie Swanepoel     23rd July 2018 Nickel miner Western Areas has delivered a solid fourth quarter during the three months to June, with the miner hitting its production targets in the full-year. Western Areas produced 6 381 t of nickel during the June quarter, up from the 6 236 t produced in the previous quarter, with full year... 

Poseidon gets new CEO

By: Esmarie Swanepoel     23rd July 2018 ASX-listed Poseidon Nickel has appointed Robert Dennis as MD and CEO, effective from August 1. Dennis is currently a non-executive director of the company, and was formerly the COO before taking up a role as COO of Independence Group in 2014. 

Construction project boosts services demand

By: Melissa Zisengwe     20th July 2018 Multidisciplinary engineering service provider TDS Projects Construction has secured an integrated construction project, which has significantly boosted the company’s order book and the demand for construction services in the local mining sector. In June, TDS was awarded two distinct, but... 

Construction project boosts services demand
PROJECT OFFTAKE The Matla project is expected to start in September this year

URU continues with exploration at Limpopo project

By: Anine Kilian     18th July 2018 The successful completion of a two-stage six-hole drill programme completed in 2017 on URU Metals’ Limpopo-based Zebediela nickel/platinum group element (PGE) project has resulted in mineralised intersections that exceeded the company's expectations. The company said in an update on Wednesday... 

BHP beats production expectations; warns of $650m Samarco charge

By: Esmarie Swanepoel     18th July 2018 Diversified giant BHP on Wednesday announced that the company had met or exceeded the production expectations for its commodities during the 2018 financial year, but warned of a $650-million financial impact related to the Samarco dam failure, in Brazil. “We have delivered a strong finish to the... 

BHP beats production expectations; warns of $650m Samarco charge
BHP CEO Andrew Mackenzie

LME to launch monthly 'implied pricing' to attract funds

By: Reuters     17th July 2018 The London Metal Exchange (LME) will launch a new set of synthetic monthly prices to make it easier for investors and funds to invest in base metals as the LME battles competition from other exchanges such as those operated by CME Group Inc.. The world's oldest and largest market for industrial... 

New mining fund raising R750m to co-finance ancillary mine projects 

By: Martin Creamer     16th July 2018 In an economic environment of tight capital allocation and bank pull back from mining finance, the new tax-incentivised CCP 12J Mining Fund is going all out to raise R750-million for co-investment in ancillary project opportunities on existing mine sites. On the list of targeted project... 

New mining fund raising R750m to co-finance ancillary mine projects
CCP 12J MD Paul Miller talks to Mining Weekly Online’s Martin Creamer on new tax incentives to boost mining investment. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

Platina finds site for Owendale plant

By: Esmarie Swanepoel     12th July 2018 ASX-listed Platina Resources has signed a lease for the site of its proposed Owendale scandium processing facility, in New South Wales. The site, a former abattoir, is some 70 km from the mine site and has road system capable of handling the trucks that will be used to transport ore from the... 

Copper slides to 1-year low, zinc sinks in broad selloff

By: Reuters     11th July 2018 Copper prices slumped to their weakest level in a year and zinc fell to 13-month lows amid a broad selloff on Wednesday after the Trump administration said it would slap 10 percent tariffs on an extra $200-billion worth of Chinese imports. US President Donald Trump’s latest tariff threat... 

Pace change at Collerina Cobalt's NSW project

By: Esmarie Swanepoel     10th July 2018 ASX-listed Collerina Cobalt has placed plans for a nickel/cobalt project at its Collerina deposit, in New South Wales, on hold in lieu of a high purity alumina (HPA) project. The company this week told shareholders that prefeasibility study (PFS) testwork at the Collerina project has identified a... 

Analysts spring to Glencore’s defence as miner restores confidence with buyback scheme

By: Martin Creamer     5th July 2018 Research analysts have sprung to the defence of Glencore, which has rapidly restored confidence by announcing an immediate share buyback programme that communicates the formidable faith of management in the London- and Johannesburg-listed diversified mining and marketing company. In a note... 

Analysts spring to Glencore’s defence as miner restores confidence with buyback scheme
Photo by Creamer Media
Glencore CEO Ivan Glasenberg

Orion surveys confirm nickel, copper potential in Areachap Belt

By: Marleny Arnoldi     3rd July 2018 ASX- and JSE-listed Orion Minerals has reported positive initial fixed-loop electromagnetic survey results over nickel and copper targets on the Disawell prospecting right, in the Areachap Belt, in South Africa’s Northern Cape province.  

Rox exercises option over strategic gold and nickel tenements

By: Simone Liedtke     3rd July 2018 ASX-listed junior Rox Resources has exercised an option to purchase two tenements at its Fisher East nickel and Mt Fisher gold projects, in Western Australia. Under the terms of the option, the exercise price is $600 000 in cash. 

Commodity powerhouse warns of risks to growth from trade war

By: Bloomberg     2nd July 2018 Commodity powerhouse Australia delivered a double-barreled warning that rising trade protectionism will hurt global growth, adding its voice to a chorus of alarm just days before the US and China slap duties on each other, risking a spiral of tit-for-tat tariffs. “Trade tensions between the US... 

Commodity powerhouse warns of risks to growth from trade war

Commodities face a twin threat, Morgan Stanley says

By: Bloomberg     29th June 2018 Commodities face a twin threat in the coming months, according to Morgan Stanley, which flagged burgeoning risks to consumption from a potential escalation in global trade tensions, especially for metals, as well as any slowdown in China. “Escalating global trade tensions bring a risk of demand... 

Amur updates Kun-Manie estimates

By: Mariaan Webb     28th June 2018 London-listed nickel/copper-sulphide mineral explorer Amur Minerals on Thursday provided a mining potential update for its Kun-Manie project, in Russia’s Far East, focusing on the Ikenskoe/Sobolevsky (IKEN) and Kubuk (KUB) deposits. The update follows the 2017 drilling programme, which... 

London court backs Deripaska in battle of Russian tycoons 

By: Reuters     28th June 2018 Russian tycoon Oleg Deripaska got a boost on Wednesday in a long-running battle for control of Norilsk Nickel when a high court judge ruled fellow investor Roman Abramovich did not have the right to sell shares in the miner to a third businessman. Deripaska, who controls aluminium giant Rusal,... 

London court backs Deripaska in battle of Russian tycoons
Oleg Deripaska

UK court: Abramovich did not have right to sell stake in Nornickel to Potanin

By: Reuters     27th June 2018 Russian billionaire Roman Abramovich, best known in Britain as the owner of Premier League soccer club Chelsea, did not have the right to sell a stake in a Norilsk Nickel to another businessman, Vladimir Potanin, a London High Court judgment said on Wednesday. The ruling follows a long battle... 

Nickel market deficit increases, but surplus expected by 2020 – BMI

By: Marleny Arnoldi     26th June 2018 BMI Research anticipates the global refined nickel market to remain in a slight deficit this year, as global production remains subdued.  

Nickel market deficit increases, but surplus expected by 2020 – BMI

Neometals adds more nickel to Mt Edwards

By: Esmarie Swanepoel     25th June 2018 ASX-listed Neometals has reported a 155% increase in the contained nickel at its Mt Edwards project, in Western Australia. The significant increase in the maiden mineral resource, which was announced in April this year, resulted from the inclusion of four additional deposits, after Neometals in... 

Trump vows to open Minnesota's Superior National Forest to mines

By: Bloomberg     21st June 2018 President Donald Trump vowed to open large swaths of lands in Minnesota’s remote Superior National Forest to mining, a move that could benefit a copper-nickel mine being pursued by Antofagasta subsidiary Twin Metals Minnesota. Speaking at a rally in Duluth, Minnesota, on Wednesday, Trump said... 

PEA completed for South America’s ‘most advanced’ PGM project

By: Creamer Media Reporter      18th June 2018 A preliminary economic assessment (PEA) for the Pedra Branca platinum group metal (PGM) project, in north-eastern Brazil, has confirmed the economic potential of the project, which Aim-listed Jangada Mines says is South America’s largest and most advanced PGMs play. The PEA has assigned a net... 

South Africa’s ‘Samcodes way’ a world-beater – Mullins

By: Martin Creamer     12th June 2018 South Africa has succeeded in creating a meticulous set of mineral reporting codes that continue to gain international recognition. The South African Mineral Reporting Codes (Samcodes), which protect investors, are currently so highly regarded that in October South Africa will host a large... 

South Africa’s ‘Samcodes way’ a world-beater – Mullins
Photo by Dylan Slater
Samcodes standards committee chairperson Matt Mullins (left) and Mining Weekly Online's Martin Creamer

Boliden bets on battery boost as electrification gains traction

By: Bloomberg     12th June 2018 Boliden AB, the mining company that traces its roots to a 1920s gold discovery in northern Sweden, is preparing for a future where everything from boats to cars and its own machines run on electricity. Although the company’s mines mainly produce base metals needed for construction and... 

Boliden bets on battery boost as electrification gains traction

Vale signs $690m in cobalt deals with Wheaton, Cobalt 27

By: Bloomberg     11th June 2018 Vale SA reached agreements to sell future production of cobalt for $690-million upfront as producers look to capitalize on the battery-commodity boom to raise cash for investments. The deal includes $390-million from Wheaton Precious Metals and $300-million from Cobalt 27 Capital, the companies... 

Vale to proceed with Voisey’s Bay expansion

By: Mariaan Webb     11th June 2018 Diversified major Vale will proceed with the construction of the Voisey’s Bay underground mine and will invest close to $2-billion in the project, Newfoundland and Labrador Premier Dwight Ball announced on Monday. The investment by Vale will extend the operational life of Voisey’s Bay, currently... 

Vale to proceed with Voisey’s Bay expansion
Vale will proceed with an underground mine at the Voisey's Bay nickel operation in northern Labrador.

Bellzone starts exploratory discussions to maximise Guinea assets’ value

By: Marleny Arnoldi     11th June 2018 Aim-listed Bellzone Mining has started discussions with a number of parties to explore options to potentially maximise the net present value (NPV) of its major assets, including the Konta port, its ferronickel project and the Kalia iron-ore project, all in Guinea.  

Mustang Minerals changes name to Grid Metals

By: Nadine James     8th June 2018 Mustang Minerals has changed its name to Grid Metals. Grid will begin trading on the TSX-V under the symbol GRDM effective June 8. 

No let up on calls for flow-through model to boost exploration

By: Martin Creamer     7th June 2018 The failure to raise risk capital for greenfields exploration in South Africa was highlighted at this week’s Junior Indaba, where there was no let up on calls for the adoption of a proven Canada-type flow-through share scheme, and ongoing criticism of the unintended consequences of South Africa’s... 

No let up on calls for flow-through model to boost exploration
Photo by Wynand van der Merwe
JSE business development manager Patrycja Kula-Verster

Rio Tinto inks exploration agreement with China's Minmetals

By: Reuters     7th June 2018 Global miner Rio Tinto inked a joint venture agreement with China Minmetals Corp on Thursday, as the companies look to explore mineral deposits in China. The 50:50 joint venture with State-owned Minmetals follows a technical agreement signed in November when both parties committed to a... 

Rio Tinto inks exploration agreement with China's Minmetals
Photo by Bloomberg
Rio Tinto CEO Jean-Sebastien Jacques

Current mining ‘boom’ very different to last one – CRU

By: Martin Creamer     6th June 2018 A return of capital expenditure (capex) and inorganic sources of growth are seen as a key corporate priority for 2018 and beyond, CRU Group senior consultant Aleksander Popovic said on Wednesday. The provider of marketing intelligence to mining told the Junior Indaba that the company’s... 

Current mining ‘boom’ very different to last one – CRU
Photo by Dylan Slater
CRU Group senior consultant Aleksander Popovic

ABM completes two auger programmes at DRC project

By: Simone Liedtke     5th June 2018 Aim-listed African Battery Metals (ABM), which has set its sights on becoming a significant explorer, developer and miner of battery minerals, has completed two auger programmes that collected soil samples at its 53 km2 Kisinka permit area, in the Democratic Republic of Congo (DRC). After... 

Cruz to acquire base metals projects in Norway

By: Creamer Media Reporter      4th June 2018 TSX-V-listed Cruz Cobalt has signed a letter of intent with EMX Royalty and Fennoscandian Investment Group to acquire two cobalt/nickel/copper projects in Norway. “We are pleased to have the opportunity to acquire these projects. The properties are 

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