Asian Minerals says Norilsk hostile offer 'too vague'

Directors of emerging nickel producer Asian Mineral Resources (AMR) on Thursday said a hostile takeover bid by Russia's Norilsk Nickel, the world's biggest nickel and palladium producer, for all the shares of AMR, was “too vague”. In a...

Vale invokes force majeure at nickel project

Vale, the world's second-biggest nickel producer, said on Thursday it would suspend sales and purchase agreements at its Goro project on the French Pacific island of New Caledonia after an accident at the mine's sulfuric acid plant. Rio de...

Power accord in hand, First Quantum green-lights Sentinel

Days after warning of delays should they not be forthcoming, copper and nickel producer First Quantum said on Wednesday it reached agreement with the government over power tariffs for its $1.7-billion Sentinel project in Zambia. As a result, the...

Company Announcement: Western Areas Ready To Commence Nickel Exploration At Bullfinch North

Southern Cross Goldfields Limited is pleased to advise that it has completed key agreements under the transaction with Australian nickel producer Western Areas NL

Anvil responds to $1bn takeover speculation

ASX- and TSX-listed Anvil Mining on Thursday played down media speculation that it was the target of a $1-billion takeover from a Chinese firm, saying that it was unaware of “any undisclosed material developments” in respect to its business...

Company Announcement: Third order of a LOESCHE Copper Matte Mill for Guangxi Jinchuan Non-Ferrous Metals Co. Ltd. for a 400 000 t/a capacity Electro Winning Copper Production in China

Attached please find a press release on: In May 2011 Loesche GmbH was awarded the third order of a Copper Matte mill-LM31.3 in Fangchenggang City, P.R. China, following the YangGu Copper Matte project in September 2009 and Tongling Copper Matte...

Metals X to sell 20% stake in WA project in $50m deal

China’s largest nickel producer, Jinchuan Group, has agreed to buy a 20% interest in the Wingellina nickel/cobalt project, in Western Australia, from Metal X, in a transaction worth $50-million. Metals X said on Wednesday it would seek...

Royal Nickel talks to potential partners for Quebec nickel project

Toronto-based Royal Nickel may sell a stake of 30% to 40% in its Dumont nickel project in Quebec's Abitibi region, to help finance the estimated $2-billion needed to build the mine, CEO Tyler Mitchelson said on Monday. The company has already...

Coates steps down as Minara chair

ASX-listed nickel producer Minara Resources chairperson Peter Coates will resign with immediate effect, the company announced on Monday. Minara didn't indicate why Coates decided to terminate his contract with the company, after almost three...

Western Areas to raise A$20m for Finland project in early 2011

Australian nickel producer Western Areas was aiming to have a financial partner for its Finland project on board by the beginning of next year. Speaking on the sidelines of the Paydirt Nickel Conference, Western Areas operations director Daniel...

Western Areas reports record nickel output

ASX- and TSX-listed Western Areas has reported record nickel production of 6 278 t for the first two months of the 2011 financial year. The company said in a statement on Tuesday that the production exceeded its target by 60%, and provided...

European Nickel to open Turkey mine in 2012

ASX- and Aim-listed European Nickel plans to start nickel laterite production at its Çaldağ mine, in Turkey, by 2012. Speaking to journalists in Perth, deputy executive chairperson Simon Purkiss said that the final project financing required...