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Nickel News

Anglo American sees commodities growing 4% to 5% for next ten years

By: Matthew Hill     15th April 2008 Diversified resources company Anglo American on Tuesday said that it anticipated that demand for most key commodities would grow at a rate of from 4% to 5% for the next decade, driven by China, India, and other developing economies. "We remain very positive on copper, bulk commodities,... 

JSE is ‘sophisticated’ attraction for African metals explorer

By: Dennis Ndaba     11th April 2008 Aim-listed mining and exploration company, Kiwara, says its recent listing on the JSE will enable the company to gain direct access to the South African investment community, which, it believes is “sophisticated and understands the business that the company is in”. 

Zimbabwe nickel project at full steam

By: Guy Copans     11th April 2008 Pan African resources company Mwana Africa decided to press ahead with its Hunter’s Road nickel project in Zimbabwe, following the improved outlook for nickel price since April last year, says Mwana Africa technical director Ken Owen.  

Vedanta Resources CEO to retire

4th April 2008 LSE-listed base-metals producer Vedanta Resources has appointed Mahendra S Mehta as CEO from September 30, when the group's current chief, Kuldip K Kaura, will retire.  

JSE exploration newcomer sets sights on Zambia’s metals 

By: Matthew Hill     3rd April 2008 Copper and uranium hopeful Kiwara - the second Aim-listed miner to take up a primary listing in Johannesburg this week - plans to complete a prefeasibility study and a feasibility study of targets in Zambia during the next two years, and could be producing in 2010, CE Peter Vivian-Neal said after... 

Jubilee to take bigger stake in Tjate project

By: Matthew Hill     2nd April 2008 Aim- and JSE-listed platinum exploration and development company Jubilee Platinum said on Wednesday that South Africa's government had given it the thumbs up to further elevate its stake in its flagship Tjate project in Mpumalanga, of which it would now own 63%. The Department of Minerals... 

Explorer Kiwara to list in Johannesburg

By: Liezel Hill     28th March 2008 Aim-listed exploration and development company Kiwara plc plans to list on JSE on April 3, the company announced on Friday.  

FNX sticks to its knitting, but keeps an eye out for potential targets

By: Liezel Hill     27th March 2008 Toronto-based FNX Mining would continue to prioritise its internal operations and pipeline of prospects, but would not discount the possibility of acquisitive growth, chairperson Terry MacGibbon said on Thursday. The company, which produces nickel, copper, platinum-group metals, gold and cobalt... 

Norilsk's Breese to head gold-miner GBS

By: Liezel Hill     26th March 2008 TSX-listed gold-miner GBS Gold International has appointed Peter Breese as president and CEO, effective August 1, the company said on Wednesday. Breese was the COO of nickel-miner LionOre Mining International when it was acquired by Norilsk Nickel, and currently heads the group's... 

Engineering continues on Guatemala nickel project, despite funding delay

By: Liezel Hill     20th March 2008 Engineering, procurement and construction management firm Hatch was continuing to work on the detailed engineering for the Fenix ferronickel project, in Guatamala, while the project's owner, Vancouver-based Skye Resources, kept a weather eye open for signs of improvements in the credit... 

More than half of SA’s mines yet to lodge additional power requests - Eskom

By: Matthew Hill     20th March 2008 State-owned power utility Eskom, currently grappling with a national electricity shortage, wants to reveal exactly where the extra 5% power it is allocating to the mining industry is going, but it is up to the customers, a spokesperson said. However, has yet to receive all the information that it... 

Lundin Mining reports $436m Q4 loss after impairment charges

By: Liezel Hill     19th March 2008 Base-metals miner Lundin Mining has posted a net loss of $436,6-million, after noncash impairment charges of $491,9-million. The charges related to its merger with EuroZinc Mining and the acquisition of Rio Narcea Gold Mines. 

Norilsk extends deadline for sale of Polyus stake

By: Liezel Hill     19th March 2008 The world's biggest producer of nickel and palladium, Norilsk Nickel, has postponed a deadline for offers from prospective buyers of its 1% shareholding in Russian gold-miner Polyus Gold. 

Mega mergers may mean more assets up for sale

By: Liezel Hill     18th March 2008 The mooted combinations of mining giants BHP Billiton and Rio Tinto, and Companhia Vale do Rio Doce and Xstrata, would likely result in several relatively smaller planned and producing mines becoming available to prospective buyers, the head of Canadian miner HudBay Minerals said on Tuesday. The... 

Strong Canadian dollar, rising costs bite into HudBay earnings

By: Liezel Hill     18th March 2008 Canadian miner HudBay Minerals reported net earnings of C$227,1-million for 2007, compared with C$564-million a year ago, after increased production and higher metals prices failed to offset the effects of a surging Canadian dollar and higher operating costs. The company also attributed the... 

Dwyka made ‘solid progress' in first half

By: Olivia Soraya Spadavecchia     14th March 2008 Aim- and ASX-listed Dwyka said on Friday that it had made "solid progress" with all its strategic and operational objectives during the half-year, with exploration work starting on the Muremera nickel project, in Burundi, in conjunction with its partners BHP Billiton. To date BHP... 

Australia will be first to excel at mining ocean floor for gold, copper, top Canadian professor predicts

By: Irma Venter     14th March 2008 Did Jules Verne know something the rest of the world is only waking up to now? In 1870, Verne wrote in Twenty Thousands Leagues Under The Sea that "in the depths of the oceans there are mines of zinc, iron, silver and gold that would be quite easy to exploit". 

Norilsk wins auction for large Russian deposit

By: Liezel Hill     13th March 2008 The world's biggest producer of nickel and palladium, Norilsk Nickel, plans to conduct geological work with BHP Billiton on a big nickel, copper and platinum-group metals (PGMs) deposit, in Siberia, the company said on Thursday. Norilsk won an auction for the right to explore and mine the... 

Norilsk Nickel to sell 1% stake in Polyus Gold

By: Liezel Hill     11th March 2008 The world's biggest producer of nickel and palladium, Norilsk Nickel, has invited offers for a 1% stake in Polyus Gold, or about 1,9-million shares in the gold producer. 

Africa-focused explorer makes leadership changes

By: Matthew Hill     7th March 2008 Aim-listed nickel and uranium explorer Albidon has appointed geological engineer John Shaw as deputy chairperson, and that he will become chairperson in May, it announced on Friday. Dick Potts said previously that he would step down as chairperson of the Africa-focused firm at its annual general... 

Botswana’s Tati gets third crane for nickel expansion

By: Guy Copans     7th March 2008 Crane and hoist company Condra is to deliver a 145t maintenance crane at the end of April for Tati Nickel’s Activox expansion project at Phoenix Mine, Botswana. 

Pitchford's African Minerals to buy Canadian explorer

By: Liezel Hill     6th March 2008 Aim-listed African Minerals, which is headed by former African Platinum and Zimbabwe Platinum CEO Roy Pitchford, has agreed to buy Canadian explorer White River Resources for £2,36-million in shares, the company announced on Thursday. 

Madagascar drilling results ‘encouraging' - Jubilee

By: Olivia Soraya Spadavecchia     5th March 2008 Mining exploration and development company Jubilee Platinum on Wednesday reported further encouraging drill results from the Antsahabe prospect in the northern area of its Londokomanana nickel-copper property, located in Madagascar. Drilling intersected two wide zones of nickel and copper... 

Former Lundin exec appointed new head of Skye Resources

By: Liezel Hill     29th February 2008 Vancouver-based Skye Resources has named Colin Benner as its new CEO and vice-chairperson, the company announced on Friday. 

Vale Q4 profit rises to $2,57bn

By: Liezel Hill     29th February 2008 Brazilian resources giant Companhia Vale do Rio Doce (Vale) increased fourth quarter net earnings to $2,57-billion, the group reported on Thursday. “Vale completed in 2007 the fifth consecutive year of extraordinary growth in its activities,” the group said in a statement. 

Admixtures play vital role in Tati Nickel contract

29th February 2008 Admixtures supplied by Chryso South Africa are playing an important role in the expansion and construction of Tati Nickel mining company’s 12 mt dense medium separation (DMS) project in Botswana 

Exxaro has 17 coal, mineral sands, base-metal projects on way

By: Keith Campbell     29th February 2008 Although diversified South African mining group Exxaro regards itself as currently being in a consolidation phase – the company was only created in 2006 – it is not ruling out future expansion projects, and has inherited a significant project pipeline from the companies it was formed... 

Lundin reviews asset portfolio as new chief takes stock

By: Liezel Hill     28th February 2008 Base metals miner Lundin Mining is taking a close look at all its operations and investments, with a view to managing assets more actively and improving the quality of its portfolio, new CEO Phil Wright said on Thursday. Wright replaced former chief Karl-Axel Waplan in January. 

High River buys Russian nickel deposit

By: Liezel Hill     23rd February 2008 TSX-listed High River Gold Mines has, through its 85%-owned Russian subsidiary, OJSC Buryatzoloto, bought the Chaya nickel deposit, in an auction held this week by the Russian Ministry of Natural Resources, the company said on Friday. 

Nickel 'well supported' at $25 000/t going forward

By: Matthew Hill     22nd February 2008 The market for nickel, mainly used in stainless steel production, would support a price of $25 000/t going forward, VM Group CEO Jessica Cross said at this year's Mining Indaba. 

Xstrata extends offer for nickel-miner Jubilee

By: Liezel Hill     15th February 2008 Diversified miner Xstrata now owns 94,7% of ASX-listed Jubilee Mines, and has extended its offer for the smaller company, the group said on Friday.  

Vale iron-ore output rises to record

By: Liezel Hill     15th February 2008 Brazil-based Companhia Vale do Rio Doce (Vale) lifted its iron-ore production to a record 296-million tons in 2007, an increase of 12% on the previous year's performance, the company reported on Friday. However, iron-ore output fell short of the company's own forecasts, because of heavy... 

Containerised control centres on the move

By: Shannon de Ryhove     15th February 2008 Low- and medium-voltage component supplier CHI Control, a division of Alstom Low Voltage Equipment, has been awarded a contract for the manufacture and supply of containerised low voltage (LV) motor control centres (MCC) for the Munali nickel mine, in Zambia. The contract is worth an estimated... 

Skye boosts resource estimate for Fenix project

By: Liezel Hill     13th February 2008 Vancouver-based Skye Resources has increased the measured and indicated resource for its Fenix nickel project, in Guatamala, by 13,9-million tons, to 108,8-million tons, the company said on Wednesday.  

Galore Creek review will likely take more than a year – Teck Cominco chief

By: Liezel Hill     12th February 2008 Vancouver-based diversified miner Teck Cominco expects a review of its jointly-owned Galore Creek project, in British Columbia, to take at least a year, and “probably more”, president and CEO Don Lindsay said on Tuesday. Teck and partner NovaGold said in November last year that they... 

Arm expects H1 headline EPS to rise as much as 40%

By: Liezel Hill     12th February 2008 Diversified mining company African Rainbow Minerals (Arm) expects headline earnings a share for the six months ended December 31, 2007, to be between 25% and 40% higher than for the same period of 2006. 

Mirabela launches feasibility study for Brazil nickel smelter

By: Liezel Hill     11th February 2008 TSX- and ASX-listed Mirabela Nickel has given the go-ahead for a feasibility study into a nickel-sulphide smelter at its Santa Rita project, in Brazil, after receiving positive results from a scoping study into the proposed plant. 

US recession would rout base metals prices - economist

By: Jade Davenport     4th February 2008 Canada-based Dundee Wealth Economics chief economist Dr Martin Murenbeeld said on Monday that a looming recession in the US was the most immediate factor challenging the sustainability of curently-high commodity prices. 

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