Daily podcast – April 17, 2009

In today's podcast: An investment of between R90-billion and R110-billion may be required to build the 40 new coal mines for the South African industry; and the Democratic Republic of Congo rejects contract revisions proposed by six of the biggest...

Vale plans 8-week shutdown in Sudbury

Brazil's Companhia Vale do Rio Doce will postpone the start-up of its Onca Puma nickel project, in Para state, by “at least one year”, and will halt nickel production in Sudbury, Ontario, for eight weeks in response to weak demand for the...

SA technology changing the face of Canadian mine safety

South African hydraulics company Horne Hydraulics (Horne) is working with a number of Canada's mining jurisdictions to develop an emergency braking system for mine cages, Horne MD Andre du Preez tells Mining Weekly.

Project delays, mine shutdowns and cutbacks

A chronological summary of project delays, mine shutdowns and production cutbacks announced by miners around the world in response the falling metals prices and tightening financial markets. Begins July 2008.

Vale closes Sudbury nickel mine indefinitely, defers project

Brazil's Companhia Vale do Rio Doce will shut its Copper Cliff South mine, in Sudbury, Ontario, in January, because of weak nickel prices and slumping demand, the firm announced on Thursday morning. The mine, which produces 8 000 t/y of finished...

FNX pares down to 'bare-bones' budget for 2009

Canadian metals miner FNX Mining has cut its spending plans for this year for a second time, and expects to further “dramatically” reduce expenditures in 2009, the firm said on Thursday. FNX, which produces copper, nickel and some precious...

FNX reports loss on lower metals prices, writedowns

FNX Mining, which produces base and precious metals from mines in Sudbury, Canada, posted a net loss of C$26,5-million for the three months ended September 30, after earnings were hurt by lower commodity prices and writedowns in the quarter. A...

FNX halts contact nickel production from Levack mine

TSX-listed FNX Mining has suspended contact nickel production at its Levack Complex, in Sudbury, Ontario, citing low commodity prices and low provisional metal accountabilities, along with high operating costs of mining the deposits. The company...

Company Announcement: Quarterly Report

Attached please find a press release on: In November 2007, Pegasus entered into an option agreement over the Eden Nickel Project located 20 km southwest of Sudbury, Ontario, Canada. Following additional pegging during the Quarter, the property...

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

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...

Company Announcement: Pegasus Eden Nickel Project - Flying completed

Attached please find a press release on: Pegasus Metals Limited (ASX:PUN) is pleased to announce that Geotech Ltd has completed a helicopter-borne VTEM time-domain survey over its Eden Nickel Project, near Sudbury, Ontario, Canada.

Company Announcement: Pegasus To Fly Canadian Geophysical Survey

Attached please find a press release on: Pegasus Metals Limited (ASX:PUN) is pleased to announce that it has contracted Geotech Ltd to fly a helicopter-borne VTEM time-domain survey over its Eden Nickel Project, near Sudbury, Ontario, Canada.