R/€ = 14.79 Change: 0.02
R/$ = 12.63 Change: -0.05
Au 1294.85 $/oz Change: 1.97
Pt 906.50 $/oz Change: 4.81


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... 

Depressed nickel price prompts care and maintenance for First Quantum’s Ravensthorpe mine

By: Henry Lazenby     10th August 2017 Starting in September, base metals producer First Quantum Minerals will mothball its nickel-producing Ravensthorpe mine, in Western Australia, on the back of the persistently low nickel price, the company announced on Wednesday. The Toronto-headquartered company expects that full care and... 

First Quantum swings to Q1 loss on increased tax charge

By: Henry Lazenby     28th April 2017 Base metals producer First Quantum Minerals has swung to an adjusted loss of $29-million, or $0.04 a share, during the first quarter ended March 31, as no tax credit was recognised regarding losses realised under a sales hedge programme. Headline earnings fell short of analyst forecasts calling... 

Ravensthorpe mine, Australia

By: Sheila Barradas     13th September 2013 A nickel and cobalt mine located within the shire of Ravensthorpe, in Western Australia. 

First Quantum sets 2013 copper output guidance at up to 330 000 t

By: Idéle Esterhuizen     6th March 2013 London- and Toronto-listed miner First Quantum Minerals anticipated its copper production to reach between 302 000 t and 330 000 t in 2013, after recording a 16% year-on-year increase in copper production to 307 115 t in 2012. The marked increase was boosted by a yearly production record at the... 

African Eagle reports positive Dutwa acid leaching test results

By: Henry Lazenby     20th March 2012 Aim- and JSE-listed African Eagle Resources on Tuesday said it had received “encouraging” results from bulk leaching tests carried out on its flagship Dutwa nickel project, in Tanzania. Design engineer Lycopodium revealed that the hydrometallurgical tank acid leaching, at atmospheric pressure... 


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