R/€ = 16.28 Change: 0.02
R/$ = 14.30 Change: 0.05
Au 1250.52 $/oz Change: 2.16
Pt 792.41 $/oz Change: -0.60

Nickel News

Nickel producers eye Indonesia to plug into EV battery market

By: Reuters     14th September 2018 Several global metals producers have set their sights on Indonesia's nickel reserves to tap an expected surge in demand for the metal for electric vehicle batteries. Sumitomo Metal Mining (SMM) said on Thursday that it and nickel miner PT Vale Indonesia are conducting a feasibility study to... 

Zambia’s operational investment spikes

By: Paige Müller     14th September 2018 A positive shift in Zambia’s copper and cobalt mining industries has resulted in an increase in much-needed operational investments by major mining houses, says mining, bulk materials handling and minerals processing equipment and systems supplier TAKRAF Africa. TAKRAF Africa regional sales... 

Zambia’s operational   investment spikes
INCREASED DEMAND Tenova TAKRAF Africa has noted an increase in Zambian mining houses expenditure on operational investments

New exploration licences validated

14th September 2018 Canada-based diversified miner Maxtech Ventures last month announced that its Zambian mining operation, Maxtech Mining Zambia’s two large-scale exploration licences have been validated by the Minister of Mines and Mineral Development of Zambia. The first large-scale exploration licence is for an... 

New exploration  licences validated
Photo by Creamer Media
HIGH-GRADE MANGANESE Maxtech Ventures’ two specific licence areas have shown the potential for high-grade manganese mineralisation of up to 70% manganese

Strong new collaboration with governments of South Africa, Zimbabwe – Implats 

By: Martin Creamer     13th September 2018 Platinum mining company Impala Platinum (Implats), which is collaborating closely with the South African government to preserve jobs at the heavily lossmaking Impala Rustenburg operation, is also working in very close cooperation with the government of Zimbabwe, where it has secured major tax... 

Strong new collaboration with governments of South Africa, Zimbabwe – Implats
Implats CEO Nico Muller interviewed by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer.

Regulator objects to Poseidon’s entitlement offer

By: Mariaan Webb     13th September 2018 Corporate regulator the Australian Securities and Investment Commission (ASIC) has approached the Takeovers Panel to prevent Andrew Forrests’ Squadron Resources from increasing its interest in ASX-listed Poseidon Resources to nearly 61% without first gaining shareholder approval. Poseidon last... 

Black Mountain buys idled nickel mine from Panoramic

By: Mariaan Webb     13th September 2018 US private equity firm Black Mountain announced on Thursday that it would buy the Lanfranchi nickel mine, near Kambalda, Western Australia, as it seeks to tap into the growing battery minerals market. The company will buy the idled Lanfranchi mine from Panoramic Resources for A$15.1-million in... 

Nickel price to benefit from short supply, strong steel demand through 2019

By: Reuters     12th September 2018 Slower production increases in leading supplier Indonesia and continued growth in stainless steel demand are forecast to extend a supply shortage in the global nickel market, supporting price gains through 2019. Nickel, which recently hit its lowest since December, could climb as high as $16 000... 

Katoro expects Kibo Nickel acquisition to close soon, mining licence for Imweru pending

By: Marleny Arnoldi     11th September 2018 Aim-listed Katoro Gold had an active six months to June 30, with the continued development of the Imweru gold project, in Tanzania, and diversifying its portfolio with the acquisition of Kibo Nickel. The company expects the Kibo transaction to be completed shortly, which will give Katoro access... 

Manganese takes pole position in ARM’s earnings surge

By: Martin Creamer     10th September 2018 Manganese formed the backbone of the earnings performance of diversified mining company African Rainbow Minerals (ARM) in the 12 months to June 30, delivering 64% of the headline earnings, at R1.9-billion, and helping the company move into a strong net cash position by recording the best margin.... 

Manganese takes pole position in ARM’s earnings surge
Photo by Creamer Media Chief Photographer Dylan Slater
African Rainbow Minerals CEO Mike Schmidt

Potanin returns 2% in Norilsk Nickel to Abramovich -sources

By: Reuters     10th September 2018 Russian billionaire Vladimir Potanin has returned a 2% stake in Norilsk Nickel to Roman Abramovich and his partners, according to a source in a holding which manages Potanin's assets and a source familiar with the matter. The original sale of the stake was disputed in a London court by aluminium... 

ARM mulling ‘very exciting’ growth opportunities – Motsepe

By: Martin Creamer     7th September 2018 Diversified mining company African Rainbow Minerals (ARM) is right now looking at some very exciting growth opportunities, its executive chairperson Patrice Motsepe said on Friday. After announcing the delivery of 51% higher headline earnings of R4 814-million in the 12 months to June 30... 

ARM mulling ‘very exciting’ growth opportunities – Motsepe
Photo by Creamer Media Chief Photographer Dylan Slater
African Rainbow Minerals executive chairperson Patrice Motsepe (right) with Mining Weekly Online's Martin Creamer at Friday's presentation of results

Kavango receives permit for Botswana electromagnetic survey

By: Tasneem Bulbulia     7th September 2018 Exploration group Kavango Resources has received a permit for the airborne electromagnetic geophysical survey of its KSZ project in south-west Botswana. The permit for the flying of the electromagnetic survey (VTEM) to be carried out over the licences in the Kalahari Suture Zone area was granted... 

Northam says growth strategy remains on track

By: Simone Liedtke     7th September 2018 Platinum producer Northam Platinum’s growth, diversification and optimisation strategy is on track, with progress being made in the development of the Booysendal South and Zondereinde mines, in Limpopo. Zondereinde has enjoyed relatively stable labour relations over the past few years, which has... 

Northam says growth strategy remains on track
Photo by Creamer Media
Northam Platinum CEO Paul Dunne

Thakadu starts construction on nickel sulphate purification plant

By: Creamer Media Reporter      5th September 2018 Thakadu Battery Materials on Wednesday officially marked the start of construction of its R250-million nickel sulphate purification plant at platinum miner Lonmin's Base Metals Refinery, in the North West province. All major equipment has been ordered and key contracts awarded, including modular... 

RNC proceeds with update of 2013 Dumont study

By: Creamer Media Reporter      5th September 2018 TSX-listed RNC Minerals has awarded a contract to Ausenco Engineering Canada to update the feasibility study for the Dumont nickel/cobalt project, in Quebec, with results set to be announced in the first half of next year. The feasibility study update will maintain the same project scope,... 

Master Drilling acquires Atlantis

By: Martin Creamer     5th September 2018 The strengthening of diversified geographic footprint of mining technology company Master Drilling is continuing with the announcement on Wednesday that the Johannesburg Stock Exchange company had entered into agreements to acquire the businesses of the Atlantis Group, a South African... 

Master Drilling acquires Atlantis
Photo by Creamer Media Chief Photographer Dylan Slater
Master Drilling CEO Danie Pretorius

Strategic Minerals channels focus to battery-related metals

By: Creamer Media Reporter      3rd September 2018 Aim-listed Strategic Minerals on Monday announced an in-principle agreement to sell its gold tenements in Australia to ASX-listed Great Southern Mining, as it sharpens its focus on battery-related metals. The tenements are currently owned by Strategic Minerals subsidiary Central Australian Rare... 

African Battery Metals shifts focus to nickel/cobalt, relinquishes Sierra Leone projects

By: Marleny Arnoldi     30th August 2018 Aim-listed African Battery Metals (ABM) has decided to relinquish its interests in gold and iron-ore projects in Sierra Leone to focus on its newly acquired nickel and cobalt projects in Cameroon and Côte d’Ivoire. The company believes there are attractive long-term market fundamentals for... 

Poseidon unveils A$75m capital raising

By: Esmarie Iannucci     24th August 2018 ASX-listed Poseidon Nickel is hoping to raise about A$75-million through a fully underwritten entitlement offer to restart its Silver Swan and Black Swan mines, and bring the Black Swan processing plant back into production. Poseidon on Friday said that an initial placement will be made to... 

PGMs producer focuses on palladium in Limpopo

24th August 2018 Platinum and palladium mining company Platinum Group Metals is refocusing its business on the large-scale, bulk mineable Waterberg project in Limpopo, South Africa which is dominated by palladium and has reserves in platinum, rhodium, gold, copper and nickel. “Our key business objectives are to... 

PGMs producer  focuses on palladium  in Limpopo
Photo by Bloomberg
INCREASING IN VALUE The price of palladium has nearly doubled since 2015 as a result of its primary use in catalytic converters and limited market supply

Platinum producer optimistic about Limpopo project

By: Donald Makhafola     24th August 2018 Platinum producer Ivanplats, a subsidiary of Canadian mining company Ivanhoe Mines, is focusing on bringing its Tier 1 Platreef project, in Limpopo, into production in 2022, says Ivanplats VP and executive head of projects Gerick Mouton. The mine will produce platinum, palladium, rhodium, nickel,... 

Platinum producer optimistic about Limpopo project
PHASED PROGRESSION Ivanplats' primary objective is to reach steady-state production of four-million tons a year in Phase 1 of the Platreef project

BHP’s underlying profit jumps 33%, pays record dividend

By: Esmarie Iannucci     21st August 2018 Diversified miner BHP has reported a 33% increase in underlying attributable profit for the financial year ended June, as well as a 10% increasing in operating cash flows. Underlying attributable profit, which excludes one-time gains and losses, was reported at $8.9-billion for the 2018... 

BHP’s underlying profit jumps 33%, pays record dividend
BHP CEO Andrew Mackenzie

Black Mountain warns Poseidon about ‘highly dilutive’ capital raising

By: Mariaan Webb     20th August 2018 US group Black Mountain Metals on Monday warned Poseidon Nickel that it would terminate its takeover proposal if the company pursued a “highly dilutive” capital raising. This is in response to Poseidon’s request that the ASX halted trading in its shares to “discuss and announce a material fund... 

Poseidon gets conditional proposal

By: Esmarie Iannucci     17th August 2018 ASX-listed Poseidon Nickel has received a conditional proposal from Perth-based Black Mountain Metals. Poseidon told shareholders on Friday that while no formal bid price per share has been offered or agreed upon, Black Mountain has made an informal proposal of 6c a share 

Laboratory to expand services, product range

By: Erin Steenhoff-Snethlage     17th August 2018 Sandton-based chemical reagents supplier and distributor, Axis House, plans to considerably expand its metallurgical laboratory in the Western Cape, as well as its laboratory services and product range, as it believes that using specifically developed chemical reagents in the base metals... 

Laboratory to expand services, product range
Photo by Bloomberg
FOR PARTICULAR PURPOSE Axis House develops specifically designed chemical reagents

Horizonte to publish Araguaia feasibility study in Oct

By: Creamer Media Reporter      16th August 2018 London-listed Horizonte Minerals is nearing completion of its feasibility study for the Araguaia nickel project in Brazil and plans to release the final results to the market in October, the company reported on Thursday. The feasibility study for Araguaia is designed around an openpit mining... 

Russian miners explore payment schemes eschewing dollar

By: Reuters     15th August 2018 Two of Russia's biggest mining companies said on Wednesday they were investigating rouble-based payments schemes, amid calls from Moscow to reduce the role of the US dollar in Russian trade and so limit the impact of US sanctions. The Kremlin said on Monday that Russia favoured bilateral trade... 

Russian miners explore payment schemes eschewing dollar

Nornickel earnings jump on higher metal prices, operational efficiencies

By: Simone Liedtke     13th August 2018 Nickel and palladium producer Norilsk Nickel (Nornickel) reported a 77% year-on-year increase to $3.1-billion in earnings before interest, taxes, depreciation and amortisation (Ebitda) in the first half of 2018, driven by higher metal revenue and operational efficiency gains. The Ebitda margin... 

Nornickel earnings jump on higher metal prices, operational efficiencies
Vlaidmir Potanin

Ivanhoe advances projects in ‘productive’ Q2

By: Marleny Arnoldi     13th August 2018 Canadian miner Ivanhoe Mines had a productive second quarter ended June 30, with underground development at the planned initial copper mine at Kakula, in the Democratic Republic of Congo (DRC), making steady progress. The mine is expected to reach the high-grade copper mineralisation later this... 

Ivanhoe advances projects in ‘productive’ Q2
Ivanhoe's Platreef exploration

Feasibility study supports nickel project restart

10th August 2018 Nickel sulphide development company Poseidon Nickel has completed the feasibility study for its Black Swan nickel operations located about 600 km east of Perth and 50 km northeast of Kalgoorlie, Western Australia which confirms that the operations can be brought back into operation. The... 

Feasibility study supports  nickel project restart
OPTIMISTIC Poseidon believes that the positive market outlook for nickel will improve and Black Swan mine will offer attractive returns

Increased exploration spend boosts services demand

By: Donald Makhafola     10th August 2018 Mining activities and the number of exploration projects in Australia have been steadily increasing since 2017, and this has, subsequently, resulted in an increased demand for South African airborne geophysics technology provider Spectrem Air’s services, says Spectrem Air GM Louis Polomé.... 

Increased exploration spend boosts  services demand
INTERNATIONAL ATTENTION Spectrem Air is focused on international projects, especially in Australia, where exploration spend is steadily increasing

Miner pours first gold, progresses exploration

10th August 2018 Australian junior Mincor Resources’ wholly-owned Widgiemooltha gold project, in Western Australia, has poured first gold. Mincor holds nickel and gold assets with estimated mineral resources and ore reserves for each commodity, in the Kambalda district of Western Australia, which is a major... 

Miner pours first gold, progresses exploration
Photo by Bloomberg
GO FOR GOLD Mincor Resources pours first gold at its Widgiemooltha gold project in Western Australia

ABM to acquire Cameroon, Côte d’Ivoire base metals assets

By: Nadine James     8th August 2018 Aim-listed African Battery Metals (ABM) has conditionally agreed to acquire Cobalt Blue Holdings (CBH) and Regent Resources Interests Corporation (RRIC), which hold highly prospective base metals exploration assets in Cameroon and Côte d’Ivoire, respectively. CBH holds four prospecting licences... 

Glencore darts ahead of diversified rivals

By: Martin Creamer     8th August 2018 The strength of the business model and commodity mix of mining and marketing company Glencore has been demonstrated once again by sharp increases in earnings and net income in the six months to June 30. The earnings before interest, taxes, depreciation and amortisation (Ebitda) of the 146... 

Glencore darts ahead of diversified rivals
Glencore CEO Ivan Glasenberg

Tasmanian nickel mine to restart, Transamine secures offtake

By: Reuters     7th August 2018 Privately held Dundas Mining is restarting its Avebury nickel mine in Tasmania early next year and Swiss trading house Transamine has secured the offtake, a source familiar with the matter said on Tuesday. Avebury, which had most recently been owned by China-backed MMG, was sold to Dundas last... 

Sumitomo says Ambatovy to miss FY18/19 nickel output target

By: Reuters     3rd August 2018 Japanese trading house Sumitomo Corp expects that nickel output at its Ambatovy project in Madagascar will likely fall short of its earlier target of 48 000 t in the year to March 2019, its chief financial officer said on Friday. "The Ambatovy has run at about 64% to 65% of full capacity in the... 

Battery metals boom boosting services, project potential

By: Paige Müller     3rd August 2018 There is a boom in the battery metals mining space, owing to a global focus on environment-friendly power initiatives, or ‘green’ energy, says mining industry specialist consultants The MSA Group. MSA Group critical metals principal consultant Michael Cronwright says the company has noted a... 

Battery metals boom boosting services, project potential
KAMATIVI LITHIUM TAILINGS PROJECT The Kamativi lithium tailings project is currently ongoing in Zimbabwe

NiWest to cost A$966m

By: Esmarie Iannucci     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... 

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