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Nickel News

North American metals and mining sector provides weak covenant protections – Moody’s

By: Henry Lazenby     15th July 2017 High-yield bonds issued in the metals and mining sector provide weak covenant protection, Moody's Investors Service says in a new report issued on Friday. The average covenant quality (CQ) score under the credit rating agency's scoring criteria for the 56 North American metals and mining... 

Chamber wins round one in battle against mining charter

By: Martin Creamer     14th July 2017 In what is a clear first round victory for the Chamber of Mines of South Africa against the errant Department of Mineral Resources (DMR), Mineral Resources Minister Mosebenzi Zwane has agreed to suspend the implementation of the controversial Mining Charter Three until after the High Court has... 

Chamber wins round one in battle against mining charter
Chamber CEO Roger Baxter – chamber wins first round in fight against devastating Mining Charter Three

South African simulators commissioned in Madagascar

By: Simone Liedtke     14th July 2017 Mining company Sherritt International’s Ambatovy operation, in Madagascar, has commissioned its Cybermine heavy equipment operator training simulators from South African surface and underground mining simulator supplier ThoroughTec Simulation. 

South African simulators  commissioned in Madagascar
NEED FOR SAFETY The Cybermine high-fidelity training simulators answer the need for safe training of heavy equipment operators

Chamber’s interdict application likely to succeed – attorney

By: Nadine James     12th July 2017 Mining industry employers’ organisation Chamber of Mines’ (CoM’s) urgent interdict application to halt the implementation of the third iteration of the Mining Charter – published by Mineral Resources Minister Mosebenzi Zwane on June 15 – is likely to succeed, says Webber Wentzel partner Rita... 

Chamber’s interdict application likely to succeed – attorney
Photo by Ilan Solomons
Mineral Resources Minister Mosebenzi Zwane

Miners rewarded for improved capital discipline

By: Henry Lazenby     11th July 2017 Increased cash flows, merger and acquisition (M&A) activity and new debt issues have helped many of the world’s top miners strengthen their balance sheets in 2016, reflecting miners’ response to investor messages around capital discipline, according to new analysis from PwC Canada. "As the global... 

Miners rewarded for improved capital discipline

Poseidon, Aphrodite enter MOU to assess gold processing at Black Swan

By: Ilan Solomons     10th July 2017 ASX-listed companies Poseidon Nickel and Aphrodite Gold announced on Monday that they had entered into a memorandum of understanding (MOU) to evaluate the processing of Aphrodite’s gold mineral resources at Poseidon’s Black Swan processing facility (BSPF), in Western Australia’s Eastern... 

Poseidon, Aphrodite enter MOU to assess gold processing at Black Swan
Photo by Poseidon Nickel
Poseidon’s Black Swan processing facility (BSPF), in Western Australia’s Eastern Goldfields

New owner committed to opening Tasmania nickel mine – MMG

By: Creamer Media Reporter      10th July 2017 The Avebury nickel mine, in Tasmania, may soon be reopened under the new ownership of privately owned Dundas Mining. The company bought the mine from metals miner MMG for A$25-million. The sales agreement was concluded last week. 

Amur Minerals seeks to update resource as drilling continues at Russia deposits

By: Megan van Wyngaardt     6th July 2017 A new trail for resource expansion is in “full swing” at nickel-copper resource developer Amur Minerals’ Kubuk and Ikenskoe/Sobolevsky deposits, in Russia, with a drilling programme having recently been completed. “We are drill testing the largest target with a length of 2 500 m located between... 

Copper drops as warehouse inflows undermine shortage speculation

By: Bloomberg     6th July 2017 Copper futures posted the biggest loss in two weeks as inventories tracked by the London Metal Exchange climbed the most since early March, dispelling concerns about potential shortages. Stockpiles rose 15% to 315 925 metric tons, bourse data show. Copper also fell as the dollar rose and... 

Paper trail on metal loans ended in fakes as banks lose millions

By: Bloomberg     4th July 2017 For all the high-tech wizardry of modern financial markets, there’s one corner of the commodity world that still depends almost entirely on printed paper – making it an easy target for crooks. Buyers and sellers of base metals like copper, aluminum and nickel use documents known as warehouse... 

Mining Indaba offering new junior zone, boosting interface opportunities 

By: Martin Creamer     4th July 2017 Strong new thrusts are planned for next year’s Investing in African Mining Indaba, which is scheduled to take place at the Cape Town International Convention Centre from February 5 to 8, once again to support investment in mining companies operating in Africa and to provide an effective platform... 

Mining Indaba offering new junior zone, boosting interface opportunities
Investing in African Mining Indaba MD Alex Grose outlines to Mining Weekly Online’s Martin Creamer the major new focus on junior miner involvement. Video and Video Editing: Lionel da Silva.

Amur considering financing options for Russia nickel/copper project

By: Mariaan Webb     3rd July 2017 The board of Amur Minerals is considering multiple financing pathways for its flagship Kun-Manie nickel/copper project, in the far-east of Russia, including the possibility of strategic partners and the involvement of various export credit agencies (ECAs). London-based corporate advisory firm... 

Amur considering financing options for Russia nickel/copper project

Western Areas makes shipping deadline

By: Esmarie Swanepoel     3rd July 2017 Nickel miner Western Areas on Monday told shareholders that it was able to send the final shipment of nickel-in-concentrate to its customer in Asia, despite earlier fears that this would not eventuate. Western Areas last week warned some A$9-million in expected sales revenue could be moved from... 

Heron secures A$240m for Woodlawn project

By: Creamer Media Reporter      30th June 2017 ASX- and TSX-listed Heron Resources has secured the full A$240-million funding package required for the construction and ramp-up of its Woodlawn zinc/copper project, in New South Wales. The package comprises a loan, equity and stream funding package from subsidiaries of Orion Mine Finance Group... 

Higher output lifts BNC’s FY17 pre-tax profit

By: Megan van Wyngaardt     30th June 2017 Bindura Nickel Corporation, a 74.43%-owned subsidiary of Aim-listed ASA Resources, on Friday reported a profit before tax of $1.4-million for the year ended March 31, up 15% from the prior year. The company's profit after tax was $609 000, compared with a profit of $649 000 the year before. 

3D printing could improve mining uptime and productivity

By: Mia Breytenbach     30th June 2017 Forward-thinking mining organisations are realising that industrial-scale, three-dimensional (3D) printing of equipment used in mines could make operations more cost effective and reduce the frustrations of equipment downtime, says information technology consultancy and systems integration firm... 

3D printing could improve mining uptime and productivity
Photo by Bloomberg
OPERATIONAL CONTROL By 3D printing the spare parts and replaceable components that complex mine machinery requires, operators can gain greater control over the supply chain

Musina Intermodal Terminal to improve cross-border trade

By: Schalk Burger     26th June 2017 The Musina Intermodal Terminal (MIT), launched on Monday, is set to reduce the cost of cross-border trade, especially for bulk commodities, on the North-South trade corridor. The terminal, about 3 km outside Musina and about 13 km from the Beitbridge border post, will serve to move commodities,... 

Musina Intermodal Terminal to improve cross-border trade
Photo by Duane Daws
Trade and Industry Minister Dr Rob Davies is taken on a tour of the Beitbridge Border Post on Monday

Mining Charter violates shareholder rights – Hogan Lovells

By: Martin Creamer     23rd June 2017 Mining Charter Three’s arbitrary increase of empowerment shareholding to 30% violates the property rights of shareholders, and the new charter’s requirement to pay 1% of yearly turnover is not expected to survive challenges under the Companies Act and the Constitution. Property rights under the... 

Mining Charter violates shareholder rights – Hogan Lovells
Hogan Lovells partner Wessel Badenhorst

Sherritt rings TSX opening bell in celebration of 90 years in business

By: Henry Lazenby     22nd June 2017 Canadian diversified miner Sherritt International on Thursday rang the opening bell of the TSX in celebration of the company’s 90 years of operations and 21 years being listed on Canada’s largest stock exchange. Senior VP for human resources Karen Trenton had the honour of opening the market for... 

Slow, bumpy market recovery on the cards for most commodities

By: Henry Lazenby     22nd June 2017 The global commodity market is probably in for a slow, drawn-out recovery following the five-year bear market, S&P Global Market Intelligence director for reports on the metals and mining sectors Dr Chris Hinde said during a webcast on Wednesday. According to S&P’s ‘State of the Market’ report,... 

Slow, bumpy market recovery on the cards for most commodities

Mining Charter exposing South African economy to GATT angst  

By: Martin Creamer     21st June 2017 The procurement rules of the new Mining Charter may violate South Africa’s obligations under the General Agreement on Tariffs and Trade (GATT), exposing the country to challenges by other member states of the World Trade Organisation (WTO), Herbert Smith Freehills lawyers Peter Leon and Patrick... 

Mining Charter exposing South African economy to GATT angst
Photo by Duane Daws
Herbert Smith Freehills co-chair Peter Leon

Horizonte advances feasibility study for Araguaia project

By: Megan van Wyngaardt     21st June 2017 Nickel developer Horizonte Minerals has awarded contracts for key parts of the feasibility study at its 100%-owned Araguaia nickel project, in Brazil. The dual-listed miner has appointed Steinweg Handelsveem for material transport and logistics, SM&A Electrics for power infrastructure and power... 

Horizonte advances feasibility study for Araguaia project

Western Areas sees production at top end of guidance

By: Esmarie Swanepoel     21st June 2017 Nickel miner Western Areas expects its full-year production to be at the top end of its guidance, following a strong second half. The miner expects to produce between 25 000 t and 26 000 t of nickel in ore, and between 22 000 t and 23 00 t of concentrate. 

Mining Charter set to worsen stakeholder relations – Bench Marks

By: Martin Creamer     20th June 2017 The new Mining Charter is the flawed outcome of inadequate consultation with communities, the board of the Bench Marks Foundation said on Tuesday, when it warned that the document is poised to worsen stakeholder relations. Bench Marks executive director John Capel condemned the new charter as a... 

Mining Charter set to worsen stakeholder relations – Bench Marks
Photo by Reuters
Rt Rev Dr Jo Seoka, chairperson of the Bench Marks Foundation, which has launched a scathing attack on the new Mining Charter.

Bluejay Mining to further explore Disko project

By: Megan van Wyngaardt     20th June 2017 Nordic-focused metals miner Bluejay Mining has finalised a field programme to refine the geological model of the Disko Nuussuaq project, in Greenland. Disko is a large-scale magmatic massive sulphide (MMS) target, which demonstrates many characteristics analogous to a flood basalt MMS... 

Busiest project bidding period ever – ELB 

By: Martin Creamer     20th June 2017 Johannesburg Stock Exchange-listed ELB Group is having its busiest project bidding period ever, and is seeing a strengthening in base metals and great opportunities in gold. “In the last six months, we’ve experienced our busiest bidding period ever,” ELB Group CE Dr Stephen Meijers told Mining... 

Busiest project bidding period ever – ELB
Creamer Media is talking to Dr Stephen Meijers, the CEO of The ELB Group, which was established as long ago as 1919 and which continues to be a world-class engineering performer off a strong South African base. Camerawork: Darlene Creamer. Editing: Lionel da Silva.

Amplats' exit from Brazil platinum prospect sparks London listing

By: Martin Creamer     19th June 2017 The withdrawal of South Africa’s Anglo American Platinum (Amplats) from a platinum group metals (PGM) project in Brazil has opened the way for Jangada Mines to acquire the asset and head for the London Aim to raise an initial £2-million in equity capital to fund the project. Jangada chairperson... 

Amplats' exit from Brazil platinum prospect sparks London listing
Funding sought for Brazil platinum project

Odysseus resource increases - Western Areas

By: Esmarie Swanepoel     16th June 2017 Nickel miner Western Areas has reported a 311% increase in the total massive sulphide resource at its Cosmos Odysseus project, in Western Australia, increasing it to 22 838 t grading 8.4% nickel. An increase in the Odysseus North disseminated indicated resource, and an overall increase to the... 

Technological innovations will be key to success of seabed mining

By: Ilan Solomons     16th June 2017 Minerals from the deep sea, such as polymetallic nodules, ferromanganese crusts and hydrothermal sulfides are potential sources of metals such as copper, nickel, cobalt, manganese and iron. In future, depending on the development of suitable technologies, these minerals could be mined and metals... 

Chamber going to court to halt devastating charter blow to already battered mining sector 

By: Martin Creamer     15th June 2017 The Chamber of Mines of South Africa will be applying at the earliest opportunity for a court date for a declaratory order on continuing empowerment consequences, as well as immediately seeking an interim court interdict to suspend the implementation of Mining Charter Three, the devastating set... 

Chamber going to court to halt devastating charter blow to already battered mining sector
Photo by Creamer Media
Chamber of Mines of South Africa president Mxolisi Mgojo

Forgery fears at Glencore unit spur nickel financing lawsuit

By: Bloomberg     12th June 2017 Glencore’s Access World unit was drawn into a London lawsuit over losses from a finance deal that allegedly relied on forged warehouse receipts for nickel, reigniting concerns about fraud in the storage of commodities. a London lawsuit over losses from a finance deal that allegedly relied on... 

IHS Markit's materials price index registers 3.1% weekly decline

By: Henry Lazenby     9th June 2017 A broad basket of commodities tracked by market research house IHS Markit has declined the most in a single week since mid-April, falling 3.1% last week in a broad retreat. IHS senior economist Ben Orhan said in a news release to Mining Weekly Online on Thursday that the commodity price index... 

Nornickel completes upgrade of Arctic-based concentrator

By: Mariaan Webb     7th June 2017 Nickel and palladium miner Norilsk Nickel (Nornickel) has completed the Talnakh concentrator modernisation project, in Russia’s Arctic region, the company reported on Wednesday. The upgrade, which cost 47-billion roubles, expanded the concentrator’s capacity by 34% from 7.6-million tonnes a year... 

Young bull run kickstarts cyclical mining industry into exploration mode

By: Henry Lazenby     2nd June 2017 With the commodity and equity markets in much better shape than a year ago, mining industry players are navigating the early days of a new bull run with renewed interest in exploration and mergers and acquisitions activity to secure future supplies. While the commodity market is perhaps not... 

Young bull run kickstarts cyclical mining industry into exploration mode
Photo by Resource Maven
Resource Maven newsletter writer Gwen Preston on a mining site visit

Kibo sheds some Lake Victoria gold licences to narrow focus

By: Natasha Odendaal     2nd June 2017 Following a comprehensive technical and commercial review of its portfolio, Aim- and AltX-listed Kibo Mining has relinquished several early-stage noncore gold prospecting licences, licence offers and licence applications in the Lake Victoria goldfields, in northern Tanzania. Kibo surrendered 79... 

Norilsk’s $271m suit against Botswana over stalled sale provisionally set down for hearing this month

By: Mia Breytenbach     2nd June 2017 Russian miner Norilsk Nickel, which intends to sue the Botswana government to recover $271-million in damages and other legal costs from a stalled sale, says a date for the court hearing has been set provisionally for the middle of June. “We are waiting for this process to be concluded. We... 

Norilsk’s $271m suit against Botswana over stalled sale  provisionally set down for hearing this month
ONGOING OPERATION Despite the ligitation, the Nkomati mine in South Africa continues to maintain viable levels of production

Lundin to trade on Nasdaq Stockholm

By: Mariaan Webb     1st June 2017 Canadian base metals miner Lundin Mining has been given approval for listing its shares on Nasdaq Stockholm, with trading set to start next week under the trading symbol ‘LUMI’. Lundin is converting Swedish Depository Receipts (SDRs) to shares for trading on Nasdaq Stockholm and will not be... 

Alba Minerals’ CEO to step down

By: Creamer Media Reporter      30th May 2017 Michael Nott will step down as CEO of Aim-listed Alba Mineral Resources, effective June 1. He will, however, remain on the company’s board as nonexecutive director. 

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