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Nickel News

Glencore reserves should be valued higher – analysts

By: Martin Creamer     15th January 2018 Investors should be prepared to value the reserves of metal that Glencore owns more highly to reward the proactive approach that the London- and Johannesburg-listed diversified mining company has towards managing its assets. Reflecting on the decision of Glencore to pull metal from the market... 

Smarter mining, manufacture, agriculture needed, says IDC’s Maia 

By: Martin Creamer     12th January 2018 South Africa needs to aim towards smarter mining, smarter agriculture and smarter manufacturing. “It’s about taking all the major sectors of the economy forward, with each feeding on the other,” says Industrial Development Corporation (IDC) research and information head Jorge Maia of the roles... 

Smarter mining, manufacture, agriculture needed, says IDC’s Maia
Industrial Development Corporation research and information head Jorge Maia and Unctad economic affairs officer Stefan Csordas respond to Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd.

Strong commodity price rally lifts IHS Materials Price Index for ninth consecutive week

By: Henry Lazenby     12th January 2018 The IHS Materials Price Index (MPI) is in its ninth consecutive week of gains, jumping 2.8% last week – the strongest weekly performance since early September. According to IHS Markit economist Cole Hassay, the MPI was supported by broad-based positive indicators, with eight of ten subcomponents... 

Regency eyes larger role in EV market

By: Natasha Odendaal     11th January 2018 London-listed Regency Mines plans to reposition itself to fully leverage the mineral resources to be used in the rising electric vehicle (EV) batteries and related energy technologies. The company on Thursday said in an update to shareholders that it aimed to rebrand its nickel/cobalt and related... 

The No.1 miner is building an EV hub it doesn't want to keep

By: Bloomberg     11th January 2018 Electric vehicles could hold the key to BHP Billiton finally finding a buyer for its unwanted nickel operations. The world’s top miner is accelerating plans to transform Nickel West in Western Australia into a linchpin of the global supply chain for EV batteries. The switch in focus promises to... 

The No.1 miner is building an EV hub it doesn't want to keep
BHP Nickel West president Eduard Haegel

Cobalt and 11% yields lure risk-takers to this Canadian miner

By: Bloomberg     10th January 2018 Sherritt International Corp’s double-digit bond yields are beginning to lure investors, even as questions linger about whether the Canadian miner has unloaded enough debt and turned around its sputtering projects. The Toronto-based firm restructured its Ambatovy mining joint venture, in... 

Cobalt and 11% yields lure risk-takers to this Canadian miner
Photo by Sherritt International
Ambatovy, Madagascar

Burkina Faso project acquisition opens multi-metal opportunity – Pegasus

By: Megan van Wyngaardt     10th January 2018 ASX-listed Pegasus Metals on Wednesday announced that it would buy Scorpion Minerals, which holds the rights to acquire up to a 70% joint venture (JV) interest in the Dablo palladium/platinum/gold/nickel/copper exploration project, located in Burkina Faso for A$360 000. This will be paid through... 

Burkina Faso project acquisition opens multi-metal opportunity – Pegasus

Even with Trump minerals order, US miners seen trailing China

By: Reuters     23rd December 2017 Even if Donald Trump’s initiative on 'critical minerals' strengthens the US mining industry, domestic companies would still struggle to compete with low-cost Chinese competitors, according to Bloomberg Intelligence. The president signed an executive order this week to identify new US sources of... 

Even with Trump minerals order, US miners seen trailing China

SP Angel outlines key 2018 trends as battery raw materials heat up

By: Creamer Media Reporter      21st December 2017 London-based brokerage SP Angel has outlined the key trends that characterised the basket of energy metals during 2017 and the the outlook for 2018 in its new ‘Battery Raw Material Review, Outlook – SP Angel Commodity Research Book’ published on Wednesday. The report pointed out that the... 

SP Angel outlines key 2018 trends as battery raw materials heat up

RNC raises funding to support WA nickel ramp up

By: Creamer Media Reporter      15th December 2017 TSX-listed RNC Minerals has restructured a loan and raised additional funds to support the nickel ramp up at its Western Australia-based Beta Hunt mine, where it aims to double production to four-million pounds next year. The company announced this week that it had restructured its financing... 

Orion identifies exploration targets through survey

By: Megan van Wyngaardt     14th December 2017 A 962 km2 high-power SkyTEM airborne electromagnetic (EM) survey that dual-listed Orion Minerals started at the Areachap Belt, in the Northern Cape, in late November, has identified four primary and 11 secondary priority targets for exploration. The company now intends to expand its activities to... 

Moody’s sees stable year ahead for base metals, but also expects some risk factors

By: Megan van Wyngaardt     13th December 2017 Ratings agency Moody’s believes 2018 will be a year of relative stability for the global base metals industry after some recovery was experienced this year. In a 2018 outlook analysis, released on Wednesday, the agency noted that these improved supply/demand fundamentals would hold on the back of... 

Moody’s sees stable year ahead for base metals, but also expects some risk factors

Separate stock exchange listing for Aura’s Sweden project

By: Mariaan Webb     13th December 2017 Dual-listed uranium and gold focused Aura Energy has started the process to list its Häggån project in Sweden separately on multiple international exchanges to “maximise the value of the battery metal content” of the project. The project contains vanadium, molybdenum, cobalt, neodymium, nickel... 

Glencore guiding soaring 2018 earnings

By: Martin Creamer     12th December 2017 Diversified mining and marketing company Glencore sees itself as being best placed for the electric vehicle revolution through its ‘tier 1’ copper, cobalt, nickel, zinc and thermal coal assets. The company said in an investor day update on Tuesday that sustainably low-cost and long-life first... 

Glencore guiding soaring 2018 earnings
Photo by Duane Daws
Glencore CEO Ivan Glasenberg

Crucial for commodity countries to build economic resilience – Unctad 

By: Martin Creamer     11th December 2017 Without policy change, commodity-dependent developing countries risk falling short of achieving their sustainable development goals (SDGs) by 2030, United Nations Conference on Trade and Development (Unctad) economic affairs officer Stefan Csordas warned on Monday. Unctad and the Food and... 

Crucial for commodity countries to build economic resilience – Unctad
Unctad’s Stefan Csordas discusses commodities report with Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Video Editing: Lionel de Silva.

Cyril Ramaphosa calls for mining sector action 

By: Martin Creamer     11th December 2017 South Africa must urgently break the ongoing deadlock on the regulation and transformation of the mining sector to ensure the proper use of this country’s world-class mineral resources, says Deputy President Cyril Ramaphosa. In an article on the CR17 Siyavuma campaign website, ahead of this... 

Cyril Ramaphosa calls for mining sector action
Photo by Duane Daws
Deputy President Cyril Ramaphosa

Owner’s engineer role by ‘Proudly South African’ Erudite pleasing Perth 

By: Martin Creamer     8th December 2017 New ‘Proudly South African’ start-up Erudite Strategies has hit a rich vein of acceptance in Australia, where investors in junior mining projects in Africa are showing alacrity in taking up its unique client representative and owner’s engineer offering. Each of Erudite’s three leading lights has... 

Owner’s engineer role by ‘Proudly South African’ Erudite pleasing Perth
Mining Weekly Online’s Martin Creamer interviews Johann de Bruin, the founding director of the new project engineering company Erudite. Video: Nicholas Boyd. Video Editing: Nicholas Boyd and Lionel da Silva.

Glencore-Canada venture hitched to low-carbon economy shift

By: Martin Creamer     5th December 2017 The joint venture partnership Glencore struck with a Canadian pension plan on Tuesday provides exposure to commodities that benefit from a low-carbon economy. BaseCore Metals, a 50:50 partnership centred on base metals streams and royalties, involves Glencore Canada Corporation contributing a... 

Glencore-Canada venture hitched to low-carbon economy shift
Glencore CEO Ivan Glasenberg

Change or lose another 100 000 mining jobs – Cutifani

By: Martin Creamer     4th December 2017 Without change, the South African mining industry would lose another 100 000 jobs, said Anglo American CEO Mark Cutifani, who six years ago accurately predicted the recent 100 000 job demise in South African mining. “I'll say it again, absent of change, we’ll lose another 100 000 jobs,” the... 

Change or lose another 100 000 mining jobs – Cutifani
Photo by Duane Daws
Anglo American CEO Mark Cutifani

Demand for battery metals will drive African exploration, investment

By: Nadine James     1st December 2017 Growth in the electric vehicle (EV) market will boost demand for battery metals exponentially, driving exploration and investment in Africa. This was discussed during a live-streamed Mining Indaba panel on energy metals in which Cobalt 27 chairperson Anthony Milewski, Montero president and CEO Dr... 

'Miner's revenge' is coming with electric cars, Friedland says

By: Bloomberg     1st December 2017 Surging demand for metals like copper, nickel and cobalt for use in electric vehicles promises to overturn the balance of power between mining companies and their customers, according to billionaire investor Robert Friedland. Automakers will have to change the way they approach procurement if... 

Lundin stock tumbles on disappointing production outlook

By: Henry Lazenby     1st December 2017 Base metals producer Lundin Mining saw about 21% of its TSX-listed equity wiped out on Thursday after it reported a disappointing long-term production outlook on Wednesday. The Toronto-headquartered company punted significant investments in both the Candelaria copper mine and mill, in Chile,... 

Electric vehicle revolution a rare investment opportunity as metals demand spikes

By: Henry Lazenby     1st December 2017 The rate at which global auto markets are adopting electrically powered vehicles (EVs) is accelerating at a much faster pace than even some of the keenest market observers have estimated at the start of 2017, and is opening up once-in-a-lifetime investment opportunities among the four key ‘energy... 

Electric vehicle revolution a rare investment opportunity as metals demand spikes

Orford to capitalise on ‘district-scale’ Qiqavik gold discovery, near-term catalysts in Carolina

By: Henry Lazenby     30th November 2017 Planning is under way for another summer drill campaign at recently-gone-public explorer Orford Mining’s Qiqavik project, in the remote emerging gold belt of Cape Smith, in Northern Quebec. “We’ve discovered a new gold district in Canada. This is like walking into the Timmins Belt for the first... 

Orford to capitalise on ‘district-scale’ Qiqavik gold discovery, near-term catalysts in Carolina
Photo by Orford Mining
Qiqavik prospecting, Northern Quebec

Dassault Systèmes heralding in new autonomous mining era  

By: Martin Creamer     30th November 2017 The 'mine of tomorrow' is expected to be a factory-like entity equipped with a multiplicity of autonomous devices, which are controlled by technology savvy personnel working from remote centres, attendees of the natural resources forum heard in Sandton on Thursday. The ‘mine of tomorrow’ would... 

Dassault Systèmes heralding in new autonomous mining era
Dassault Systèmes Geovia CEO Raoul Jacquand interviewed by Mining Weekly Online’s Martin Creamer on mine modernisation. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer.

Mkango granted Chimimbe prospecting licence

By: Natasha Odendaal     29th November 2017 Aim- and TSX-V-listed Mkango Resources has been granted an exclusive prospecting licence covering the 98.48 km Chimimbe Hill nickel/cobalt deposit in central Malawi. With magnetic anomalies in the licence area indicating exploration potential for additional nickel/cobalt mineralisation, Mkango... 

Withdrawal of entire MPRDA only constitutionally acceptable solution – Leon

By: Martin Creamer     28th November 2017 The process of reconsidering the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill has generated a new range of procedural missteps and failed to address any of the substantive problems in the Bill, leaving the entire withdrawal of the Bill as the only constitutionally... 

Withdrawal of entire MPRDA only constitutionally acceptable solution – Leon
Photo by Duane Daws
Herbert Smith Freehills Africa co-chair and partner Peter Leon.

Noront hits encouraging VMS mineralisation at McFaulds No 8; requests proposals for plant

By: Henry Lazenby     27th November 2017 Ring of Fire (RoF) development champion Noront Resources has intersected encouraging results at the McFaulds No 8 volcanogenic massive sulphide (VMS) deposit, hosted on the property where the first discoveries in the RoF were made and which spurred the initial staking rush in 2002 to 2003. The... 

Company offers mine to market solutions

24th November 2017 Combining concept-to-completion expertise with design and major project delivery capabilities for the minerals and metals sector, from bulk commodities to rare earths, professional services provider WorleyParsons offers its customers complete mine-to-market solutions from inception to... 

Company offers mine  to market solutions
MULTIDISCIPLIANRY APPROACH WorleyParsons takes a multidisciplinary approach, with teams comprising experts to identify challenges early and produce tailored strategies that mitigate risks

Agromining may provide new opportunities to extract remaining value from mined land

By: Mia Breytenbach     24th November 2017 With a significant portion of the large mineral deposits having been discovered worldwide, and in many cases reaching the end of viable economic recovery, phytomining is one option that could be chosen to extract the remaining value from this mined ground, Florida International University... 

Agromining may provide new opportunities to extract remaining value from mined land

Panoramic hopeful of return to producer status in near future

By: Mariaan Webb     23rd November 2017 The stronger nickel market and a weaker Australian dollar are working in Western Australian firm Panoramic Resources’ favour as it works towards a decision about restarting the Savannah nickel mine, in the East Kimberley. The Savannah mine has been on care and maintenance for a year-and-a-half,... 

Metals billionaire to win whether electric cars boom or bust

By: Bloomberg     22nd November 2017 There are two major reasons mining billionaire Vladimir Potanin is within a hair’s breadth of regaining his ranking as Russia’s richest tycoon this year. One is higher prices for nickel used in batteries as metals traders bet electric vehicles are the future of transportation. The other is a... 

Metals billionaire to win whether electric cars boom or bust
Mining billionaire Vladimir Potanin

Glencore sees nickel in best shape in decade before EVs take off

By: Bloomberg     21st November 2017 Glencore is seeing the best market conditions for nickel in at least a decade, and electric cars are barely playing a part yet. The miner and trading giant expects nickel’s 2017 deficit at 170 000 metric tons -- one of the biggest in years and more than most market estimates – to be driven by a... 

'A good number of investors' considering countries offering better return-on-investment prospects than SA

By: Dylan Slater     17th November 2017 Mining policies imposed by the Department of Mineral Resources (DMR) on local industry are creating increased uncertainty for investors, a growing number of whom are considering investing in mining projects and exploration in other countries, with a greater chance of a healthier return on... 

'A good number of investors' considering countries offering better return-on-investment prospects than SA
Photo by Duane Daws
PAUL MILLER A significant volume of additional capital needs to be earmarked for every new mining project to account for risk associated with policy uncertainty

Investor TCI demands UK's LSE answer more questions in board tussle

By: Reuters     16th November 2017 Activist investor TCI has demanded the London Stock Exchange answer a series of questions ahead of a shareholder meeting called by the fund to oust the chairperson over his handling of the planned replacement of its chief executive. Among the questions TCI wants answered by the LSE board before... 

Sherritt formalises restructuring of Ambatovy JV

By: Henry Lazenby     10th November 2017 Canadian diversified miner Sherritt International has signed a definitive agreement to restructure the Ambatovy Joint Venture (JV), which will see Sherritt transfer its 28% stake in return to eliminate debt from its balance sheet. Under the terms of the JV restructuring, which was first revealed... 

Sherritt formalises restructuring of Ambatovy JV

Political tension slows mining activity in Tanzania

By: Victor Moolman     10th November 2017 Despite the fact that political tension in Tanzania has impacted the mining industry, with several operations subsequently closing, SEW-EURODRIVE continues to have a strong presence in the country, with Tanzania as its main hub for East Africa. SEW-EURODRIVE South Africa national sales manager... 

Political tension  slows mining activity in Tanzania
NORMAN MALEKA There will be demand for after-sales support in Tanzania, owing to new industries established in the country

Mining technology gets boost from new Wits-Sibanye partnership

By: Martin Creamer     9th November 2017 Mining technology is being given a Fourth Industrial Revolution boost through the new partnership struck between precious metals mining company Sibanye-Stillwater and the Wits Mining Institute. Wits Mining Institute director Professor Fred Cawood outlined in a news release on Thursday that... 

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