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Nickel News

Daimler's R&D chief sees nickel rich batteries gaining traction

By: Reuters     7th March 2018 The car industry is moving towards making electric car batteries with a higher ratio of nickel, Ola Kaellenius, Daimler board member responsible for research and development, said on Tuesday. High cobalt prices have been pushing manufacturers to adjust the recipe for the batteries used to power... 

Mining-specific staff recruitment, management app developed 

By: Mia Breytenbach     6th March 2018 To refine and improve the execution of recruitment within the mining industry, mining and engineering professionals recruiter TrueVine Consulting has developed a new, innovative online recruitment platform, called Digger. “Digger is a digital recruitment, talent management and staff retention... 

Mining-specific staff recruitment,  management app developed
Innovative mining-specific staff recruitment, management app developed. Editing: Darlene Creamer and Christo Greyling.

Nornickel profit falls 16%, palladium now largest revenue contributor

By: Mariaan Webb     6th March 2018 Nickel and palladium producer Norilsk Nickel (Nornickel) has posted a 16% drop in full-year net profit, as the miner realised a smaller foreign exchange gain. Nornickel's net profit declined to $2.12-billion in the year ended December 2017, from $2.53-billion in 2016, the company reported on... 

Nornickel profit falls 16%, palladium now largest revenue contributor
Nornickel Vladimir Potanin

Finnish nickel mine founder files for bankruptcy

By: Reuters     6th March 2018 Finland's Ahtium Oyj , formerly named Talvivaara Mining Company, which ran a troubled nickel mine in northern Finland, said on Tuesday it had filed for bankruptcy after failing to secure financing for future projects. Ahtium is the former owner of the mine which leaked waste water in 2012 and... 

Building trust between miners, host governments a prerequisite to foster economic prosperity

By: Henry Lazenby     6th March 2018 Endemic mistrust between private sector miners and African jurisdictions belies the spirit and objectives set out in the African Union's African Mining Vision, an audience attending the eighth MineAfrica panel discussion at the Prospectors and Developers Association of Canada conference heard on... 

Building trust between miners, host governments a prerequisite to foster economic prosperity
Photo by Henry Lazenby
MineAfrica 8th Panel Discussion on African Mining in 2018-Politics, Policies and Opportunities

Global metals exploration likely to rise 20% in 2018 – S&P Global

By: Henry Lazenby     5th March 2018 Global mining exploration budgets are expected to swell about 20% in 2018, bolstered by the generally positive trend in metals prices extending into early 2018, a new report by S&P Global Market Intelligence has found. Global spending on the search for nonferrous metals rose 15% year-on-year in... 

Global metals exploration likely to rise 20% in 2018 – S&P Global

Amur completes ice road, starts bringing supplies to Kun-Manie

By: Schalk Burger     2nd March 2018 Aim-listed nickel/copper sulphide exploration and development company Amur Minerals has completed a 350 km ice road to its Kun-Manie project, in the Amur province in far east Russia, and has begun restocking supplies for the 2018 field season. In a press release issued on Friday, the company... 

EV penetration rates to drive demand for numerous raw materials

By: Jessica Oosthuizen     2nd March 2018 With electric vehicle (EV) market growth to drive demand for lithium-ion batteries, as well as the materials used in their anodes and cathodes, soaring demand for numerous raw materials can be expected in the next ten years, says international metals and minerals researcher Roskill steel alloys... 

EV penetration rates to drive demand for numerous raw materials
FUTURE TRENDS Roskill delivered a presentation titled On the Road with Roskill on the side-lines of the 2018 Investing in African Mining Indaba

Abramovich seeks London court approval to sell Norilsk Nickel stake

By: Reuters     27th February 2018 Chelsea soccer club owner Roman Abramovich's Cyprus-based Crispian on Tuesday sought a London court's permission to sell 2% of Norilsk Nickel to billionaire Vladimir Potanin, a move aluminium producer Rusal is trying to block. Potanin offered to buy a 4% stake in Nornickel from Abramovich for... 

Resounding welcome for Gwede, who declines opportunity to comment

By: Martin Creamer     27th February 2018 New South African Mineral Resources Minister Gwede Mantashe has received a resounding welcome from the Chamber of Mines of South Africa, Business Leadership South Africa (BLSA) and mining luminaries. The Chamber of Mines of South Africa has welcomed the appointment of Mantashe, 62, describing him... 

Resounding welcome for Gwede, who declines opportunity to comment
Photo by Duane Daws
Incoming Mineral Resources Minister Gwede Mantashe

Rusal application to block Nornickel deal to be heard by UK court on Feb 27

By: Reuters     27th February 2018 Russian aluminium giant Rusal's application to a UK court to block a deal between companies owned by Russian businessmen Roman Abramovich and Vladimir Potanin will be heard on Tuesday, the court said on its website (www.justice.gov.uk). Potanin this month offered to buy a stake in Russian mining... 

NSW grants mining lease for Clean TeQ Sunrise project

By: Mariaan Webb     23rd February 2018 The New South Wales Planning and Environment department has formally issued the mining leases for the Clean TeQ Sunrise project area and proposed limestone quarry, marking a key milestone in the development of one of the largest cobalt and nickel deposits outside Africa. Clean TeQ, which is... 

Finland takes top spot for mining-friendly investment 

By: Henry Lazenby     23rd February 2018 Finland has ousted Saskatchewan as the top international jurisdiction for mining investment, Canada's Fraser Institute announced on Thursday. Canada's leading independent think-tank, the Fraser Institute, administers its Annual Survey of Mining Companies and ranks jurisdictions around the world... 

Finland takes top spot for mining-friendly investment

Cobalt 27 buys royalty on Dumont nickel/cobalt project

By: Henry Lazenby     23rd February 2018 Canadian cobalt investment vehicle Cobalt 27 has bought a 1.75% net smelter return royalty (NSR) on all future output of nickel and cobalt from Canadian diversified miner RNC Minerals' Dumont project, in the Abitibi region of Quebec, for $70-million. Dumont is thought to contain the world's... 

Restructured Anglo American reaps benefits, posts solid FY17 results

By: Simone Liedtke     22nd February 2018 After an extensive restructuring, diversified miner Anglo American raised its dividend for the 2017 financial year to $1.02 a share - its highest dividend in nearly a decade. The "fundamentally different business" nearly halved its debt to $4.5-billion and doubled its free cash flow by 93% to... 

Restructured Anglo American reaps benefits, posts solid FY17 results
Diversified miner Anglo American

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"... 

Glencore shoots lights out, mulls divi top-up, reaffirms South Africa
Photo by Duane Daws
Flashback to Ivan Glasenberg opening Glencore-funded school in South Africa's coalfields.

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... 

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