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Nickel News

Glencore shoots lights out, mulls divi top-up, reaffirms South Africa

By: Martin Creamer     21st February 2018 Diversified mining and marketing company Glencore shot the lights out with a superlative set of 2017 results that coincided with a leap in its share price in Johannesburg, the reaffirmation of South Africa as an even more positive investment destination, and the mulling of a dividend "top up"... 

Eramet eyes expansion in electric vehicle metals

By: Reuters     20th February 2018 Eramet CEO Christel Bories said on Tuesday that the French mining group is looking to expand in minerals like cobalt, lithium and nickel salts linked to energy transition markets like electric vehicles. Eramet is actively looking at acquisition targets after previously acquiring a lithium deposit... 

Eramet eyes expansion in electric vehicle metals

After 2017 consolidation, mining to pre-empt future metals demand – EY

By: Schalk Burger     20th February 2018 With stronger balance sheets across the mining and metals sector, miners are increasingly returning to an investment-led strategy, which is driving a renewed focus on building portfolios that deliver sustainable shareholder returns, says multinational consultancy Ernst & Young (EY). The focus... 

After 2017 consolidation, mining to pre-empt future metals demand – EY

Australian Mines shares surge 60% on offtake deal

By: Reuters     20th February 2018 Shares of battery and technology metals developer Australian Mines Ltd surged on Tuesday after the company signed an offtake agreement with South Korean battery maker SK Innovation for nickel and cobalt from its Sconi project. The commodity off-take agreement, which is for an initial period of... 

Mogalakwena gushes cash as Amplats modernises, studies growth, advances fuel cell 

By: Martin Creamer     19th February 2018 The Mogalakwena platinum mine lived up to its reputation of being the most profitable platinum group metals (PGM) mine on the planet when it gushed cash and elevated a modernising, community supporting, environment protecting, growth studying and fuel-cell marketing Anglo American Platinum... 

Mogalakwena gushes cash as Amplats modernises, studies growth, advances fuel cell
Anglo American Platinum CEO Chris Griffith delivers 2017 results covered by Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.

Nornickel tycoons said to avoid shoot-out sale in share dispute

By: Bloomberg     19th February 2018 Billionaires Oleg Deripaska and Vladimir Potanin’s working arrangement at MMC Norilsk Nickel is starting to fray, but the tycoons aren’t planning to trigger a so-called shoot out - a forced auction where the losing bidder must sell his stake to the winner, three people familiar with situation... 

Nornickel tycoons said to avoid shoot-out sale in share dispute
Oleg Deripaska

Leon expects mining industry to have a future under Ramaphosa’s Presidency

By: Nadine James     16th February 2018 Herbert Smith Freehills partner and Africa co-chairperson Peter Leon is cautiously optimistic that the changes signalled by newly elected President Cyril Ramaphosa will benefit South Africa’s economic recovery. In a speech to the British Chamber of Business in South Africa on Thursday evening, he... 

Leon expects mining industry to have a future under Ramaphosa’s Presidency
Photo by Duane Daws
Herbert Smith Freehills partner and Africa co-chairperson Peter Leon

Russia's mining billionaires are back to fighting over Nornickel

By: Bloomberg     16th February 2018 The billionaire owners of Russia’s biggest mining company have revived a years-old feud. Oleg Deripaska, one of the top shareholders of MMC Norilsk Nickel, wants to stop Roman Abramovich from selling a stake in the company that may worth $1.5-billion, according to three people familiar with... 

Sound policy, low risk key to attracting mining investment

By: Henry Lazenby     16th February 2018 The global equity markets have been extremely volatile in recent weeks, extending a frantic selloff in US stocks that culminated in the steepest plunge for the Dow Jones Industrial Average in six-and-a-half years. While commodities were not spared from the rout, American multinational investment... 

Sound policy, low risk key to attracting mining investment

Sherritt narrows headline loss as cost savings, higher metal prices boost bottom line

By: Henry Lazenby     14th February 2018 Canadian diversified miner Sherritt International has narrowed its headline loss for the 12 months ended December 31, as lower costs and higher commodity prices boosted the bottom line. The Toronto-based miner, which produces nickel, cobalt and oil in Cuba, and nickel and cobalt at the Ambatovy... 

Sherritt narrows headline loss as cost savings, higher metal prices boost bottom line
Photo by Sherritt International
Sherritt now owns 12% of the Ambatovy nickel/cobalt mine, in Madagascar

Amur enters into $10m convertible loan for Russia mine

By: Mariaan Webb     13th February 2018 Base metals company Amur Minerals has entered into a convertible loan with Cuart Investments and YA II PN to progress development of the Kun-Manie nickel/copper sulphide project in Russian Far East. The investors, which were arranged by RiverFort Global Capital, will lend the company up to... 

Cobalt cannot be eradicated from electric car batteries – Umicore

By: Reuters     13th February 2018 Makers of electric vehicle batteries will have to keep using scarce, expensive cobalt in their products for the foreseeable future despite a push towards higher nickel compositions, materials technology company Umicore said on Monday. Manufacturers have been trying to increase the proportion of... 

Antam’s ferronickel output and sales hit record

By: Anine Kilian     9th February 2018 Indonesian diversified miner Aneka Tambang (Antam) has reported positive production results and sales of its main commodities in 2017, with high ferronickel production and sales volumes hitting an all-time high. Antam’s ferronickel production volumes reached 21 762 t of nickel contained in... 

Industry, environment lobby cautiously optimistic as Canada tables new enviro review rules

By: Henry Lazenby     9th February 2018 Ottawa on Thursday tabled new legislation to improve the federal environmental assessment process for mining projects. The legislation is aimed at strengthening and restoring the credibility of Canada's environmental laws. 

Industry, environment lobby cautiously optimistic as Canada tables new enviro review rules

Sumitomo sees Ambatovy at 50% utilisation rate in Jan to March

By: Reuters     8th February 2018 Sumitomo said on Thursday it expects its Ambatovy nickel/cobalt project in Madagascar to run at about a 50% utilisation rate in the January-March quarter, rising to 80% from April. The trading house said last week that the project had resumed operations from end-January after halting operations... 

CoM sees resurgence in hope, green shoots in South African mining industry

By: Mia Breytenbach     5th February 2018 There is new sense of hope in the mining industry and in South Africa, says Chamber of Mines (CoM) CEO Roger Baxter. “It gives us a new confidence that a resurgence is taking place in the industry for the year ahead,” said Baxter, who spoke at a media briefing at the Investing in African Mining... 

CoM sees resurgence in hope, green shoots in South African mining industry
Photo by Duane Daws
Chamber of Mines CEO Roger Baxter

Analysts okay Glencore’s 2017 production downs

By: Martin Creamer     1st February 2018 Analysts on Thursday okayed last year’s production performance of diversified mining and marketing company Glencore, which on Thursday reported lower 2017 production for many commodities owing to the impact of disposals, maintenance work and weather. Barclays analysts Amos Fletcher, Ian Rossouw... 

Analysts okay Glencore’s 2017 production downs
Koniambo nickel mine, New Caledonia, where full-year production was 29% up

Independence to cease mining at Long nickel mine in May

By: Mariaan Webb     1st February 2018 The Long nickel mine, near Kambalda, Western Australia, is set for closure this year, Independence Group announced in its December quarter results. Mining will cease on May 31, after which the underground mine will enter care and maintenance. The Long mine produced 1 374 t of contained nickel and... 

Coal India diversification strategy moves ahead

By: Ajoy K Das     31st January 2018 Coal India Limited (CIL) will complete the formation of a separate independent business to undertake diversified mining before the end of the current financial year. According to company sources, CIL will comprise two business verticals, independent of each other, one taking charge of diversified... 

Nornickel says palladium output may fall in 2018

By: Reuters     31st January 2018 Norilsk Nickel, the world's largest palladium producer, said on Wednesday its production of palladium could decline in 2018, while the output of nickel from Russian raw material would remain flat. Nornickel, part-owned by Russian tycoon Vladimir Potanin and aluminium giant Rusal, previously said... 

Nornickel says palladium output may fall in 2018

China demand and tight supplies set to sustain nickel price rally

By: Reuters     30th January 2018 A combination of surging China imports, tighter supplies and fund interest are expected to sustain prices of stainless steel ingredient nickel, which have reached their highest level in more than two years. Benchmark nickel on the London Metal Exchange hit $14 040/t on Monday, the highest since... 

China demand and tight supplies set to sustain nickel price rally

Cassinni secures option on early stage base metals project

By: Creamer Media Reporter      29th January 2018 Perth-based base and precious metals explorer Cassini Resources has entered into an option agreement to earn into the Yarawindah Brook project, located in agricultural land near New Norcia, Western Australia. The option agreement will see the company earn into the early stage nickel/copper/cobalt... 

OZ Minerals enters into Eastern Musgrave exploration JV

By: Creamer Media Reporter      29th January 2018 Copper/gold miner OZ Minerals has committed to an exploration joint venture (JV) in the Eastern Musgrave province of South Australia, targeting magmatic nickel and copper sulphide systems. The company announced on Monday that it had entered into an earn-in agreement with unlisted Australian... 

Anglo American delivers increased output of most products in 2017

By: Natasha Odendaal     25th January 2018 Despite removing higher-cost platinum and metallurgical coal volumes, LSE- and JSE-listed Anglo American has reported a 5% rise in total production on a copper equivalent basis in 2017. “We have delivered another strong operating performance in 2017. The 5% increase for the full year reflects our... 

Anglo American delivers increased output of most products in 2017
Photo by Duane Daws
Anglo American CEO MArk Cutifani

Beneficiation plants advancing in S Africa, but new potential needed 

25th January 2018 Thakadu Battery Materials has secured a R50-million grant for its pure nickel sulphate plant, while Kropz is finalising its phosphates plant design. Mining Weekly editor Martin Creamer joins senior deputy editor Tracy Hancock in studio to discuss this development, as well as the potential of the... 

Beneficiation plants advancing in S Africa, but new potential needed
Martin Creamer discusses beneficiaton plants advancing in S Africa. (Camera & editing: Nicholas Boyd)

Pioneer intersects new nickel at Golden Ridge

By: Natasha Odendaal     25th January 2018 ASX-listed Pioneer Resources on Thursday announced the intersection of significant nickel sulphide mineralisation at its Golden Ridge project, in the Eastern Goldfields of Western Australia. Drilling at the Leo’s dam prospect in the project area has returned a highly significant nickel sulphide... 

Côte d'Ivoire mining sector turnover rose 11.5% in 2017

By: Reuters     25th January 2018 Côte d'Ivoire's mining sector turnover rose by 11.5% in 2017, an increase achieved mainly via exports of gold, manganese and nickel, the government spokesman said on Wednesday. "The mining sector announced a sales revenue of 539-billion CFA francs ($1.02-billion) in 2017, compared to 483-billion... 

Ford complains rising metals costs hurt profits, rivals unphased

By: Reuters     24th January 2018 When Ford Motor reports fourth-quarter results on Wednesday afternoon, it is expected to fret that rising metals costs have cut into profits, even as rivals say they have the problem under control. Aluminium prices have risen 20% in the last year and nearly 11% since December 11. Steel prices... 

Goldman, Citi final bidders for Scotiabank's metals business – sources

By: Reuters     24th January 2018 The field of prospective bidders for ScotiaMocatta, the metals trading arm of Canada's Bank of Nova Scotia, has narrowed to two, three banking and industry sources said on Wednesday. The two - Goldman Sachs Group and Citi - are undertaking due diligence checks, the sources said. 

Western Areas produces strong quarter, not deterred by volatile nickel market

By: Megan van Wyngaardt     24th January 2018 ASX-listed Western Areas has completed the first half of the year on track to meet all full-year guidance metrics, the base metals producer said on Wednesday. An increase in production, steady cash costs and improved nickel pricing in the December quarter saw the company generate positive... 

Panoramic raises funds to shorten Savannah restart lead time

By: Mariaan Webb     24th January 2018 As Western Australia-based Panoramic Resources moves closer to a decision to resume mining operations at the Savannah nickel mine, in the East Kimberley, the company will raise A$20.9-million for preproduction activities. Panoramic will raise A$20.9-million in an one-for-seven pro-rata... 

Panoramic raises funds to shorten Savannah restart lead time

Thakadu’s nickel plant secures R50m black industrialist grant

By: Martin Creamer     23rd January 2018 Innovative metals and energy company Thakadu Battery Materials has secured a R50-million black industrialist grant from South Africa’s Department of Trade and Industry (DTI) for the construction of its pure nickel sulphate plant in North West province, which will make use of platinum producer... 

Thakadu’s nickel plant secures R50m black industrialist grant
Thakadu CEO Ruli Diseko

Resilient Lonmin delivers sturdy output, extracts cash from tailings

By: Martin Creamer     22nd January 2018 Embattled but resilient platinum company Lonmin, which is enthusiastically embracing the Sibanye-Stillwater’s offer made to it, did all its stakeholders proud in the fatality-free first quarter of its new financial year by putting in a sturdy operational performance that saw sales rise 9%,... 

Resilient Lonmin delivers sturdy output, extracts cash from tailings
Lonmin CEO Ben Magara

Mincor raises A$10m in two raisings to fund nickel exploration

By: Natasha Odendaal     19th January 2018 An oversubscribed A$3-million share purchase plan (SPP) has brought the total amount raised by ASX-listed Mincor Resources to A$10-million since December. The company on Friday announced that, of the A$12.8-million in applications received from shareholders, Mincor would accept A$1-million in... 

China's proposed dual-credit scheme can reshape the EV market – WoodMac

By: Henry Lazenby     19th January 2018 China's electric vehicles (EV) market has grown exponentially to overtake the US as the world's largest EV market, thanks to heavy government subsidies to spur growth in the emerging automotive sector. However, research and consultancy firm Wood Mackenzie (WoodMac) warns that these subsidies are... 

RNC lifts Beta Hunt mine's Q4 output 21% y/y

By: Henry Lazenby     19th January 2018 Diversified Canadian miner RNC Minerals has reported a 21% year-on-year increase in fourth-quarter gold output from the Beta Hunt mine, in Western Australia, producing 12 722 oz of gold. The Toronto-headquartered company mined 160 000 t of ore at Beta Hunt, which had an average grade of 2.47 g/t... 

Materials Price Index rises for tenth week in a row

By: Henry Lazenby     19th January 2018 The Materials Price Index (MPI) from Global Insight by IHS Markit has risen for the tenth consecutive week, the research and consultancy group announced on Thursday. The index added a strong 1.8%, adding to a 15.1% rise since early October, when the current rally started. 

Nkomati mine tailings pipeline project set for completion next month

By: Mia Breytenbach     19th January 2018 Multidisciplinary engineering services provider TDS Projects Construction, in partnership with Robor Pipe Systems, has started construction of 13-km-long tailings pipeline for the Nkomati nickel mine’s Onverwacht site, in Mpumalanga. Reports from site indicate that the project is on track for... 

Nkomati mine tailings pipeline project set for completion next month
PROJECT PROGRESS All the pipes required for the project have been delivered and more than 4 500 m of piping have been installed to date

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