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Nickel News

Fundamental change needed in how we think about mining investment ­– Eurasian CEO

By: Irma Venter     Updated 4 hours ago With one Apple you can buy the world’s 50 largest mining companies, says Eurasian Resources Group CEO and Global Battery Alliance (GBA) co-chair Benedikt Sobotka. Speaking at the Investing in African Mining Indaba in Cape Town, he noted that the market capitalisation of the world’s top five... 

Minerals Council's Roger Baxter encouraged by board-level engagement with Transnet 

By: Martin Creamer     Updated 4 hours ago Minerals Council South Africa CEO Roger Baxter said on Monday that the council is encouraged by the board level engagement it has undertaken so far with State rail enterprise Transnet and is hoping that this engagement will deliver some very specific results in stabilising rail performance in the... 

Minerals Council South Africa CEO Roger Baxter, Council president Nolitha Fakude, office bearer Themba Mkhwanazi, and chief economist Henk Langenhoven.
Photo by Creamer Media
Minerals Council South Africa CEO Roger Baxter, Council president Nolitha Fakude, office bearer Themba Mkhwanazi, and chief economist Henk Langenhoven.

Ever greater global acknowledgement of need to decarbonise ever more urgently – Anglo 

By: Martin Creamer     Updated 7 hours ago Ever greater acknowledgement is being given to the need to decarbonise global energy and transport systems ever more urgently. At the same time, ever greater global recognition is being given to the fact that many of the products of mining are fundamental to enabling that shift. 

Anglo American CE Duncan Wanblad.
Anglo American CE Duncan Wanblad.

Like Musk, nickel-rich Indonesia has high electric vehicle ambitions

By: Reuters     6th February 2023 Armed with the world's largest reserves of nickel and a ban on the export of nickel ore, Indonesia is making itself indispensable for the electric vehicle industry, which uses the metal extensively. In just three years, Indonesia has signed more than a dozen deals worth more than $15-billion for... 

Seriti Green raises need for Africa to appraise vanadium as electricity storage battery metal  

By: Martin Creamer     3rd February 2023 Wind farm builder Seriti Green, which is planning substantial electricity storage capacity at its big renewable energy project in Mpumalanga, has raised the need for vanadium to be appraised as a battery storage metal of choice in Africa owing to the difficulties of sourcing lithium batteries.... 

From left, Layton Nenzinane, Peter Venn and Doug Gain.
Seriti Green Mpumalanga wind farm developers talk to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Proudly South African technology catches eye of fusion project researchers 

By: Martin Creamer     3rd February 2023 Innovative Proudly South African membraneless technology has caught the eye of the engineers involved in the huge global ITER fusion project as a possible solution to recover tritium from tritiated water. The membraneless technology is the brainchild of Hydrox Holdings engineers, based in... 

The Hydrox team (from left) CEO Corrie de Jager, process engineer Jason Cuomo, director/inventor George Anagnostopoulos, and director Paul van de Vyver.
Photo by Creamer Media Chief Photographer Donna Slater
The Hydrox team (from left) CEO Corrie de Jager, process engineer Jason Cuomo, director/inventor George Anagnostopoulos, and director Paul van de Vyver.

Sprott launches four new energy transition-focused ETFs

By: Creamer Media Reporter      3rd February 2023 Sprott Asset Management, a subsidiary of precious metals and energy transition investment group Sprott, has launched four exchange traded funds (ETFs) focused on providing investors pure-play exposure to critical minerals essential to the generation, transmission and storage of cleaner energy.... 

Value of US mine production jumps to $98bn – USGS

By: Creamer Media Reporter      3rd February 2023 US mines produced $98.2-billion in nonfuel mineral commodities in 2022, an estimated $3.6-billion increase over the 2021 revised total of $94.6-billion, the US Geological Survey (USGS) announced on Thursday, releasing its yearly mineral commodity summaries report.  The report covers more than 90... 

Ramaphosa to deliver keynote address at Mining Indaba

By: Martin Creamer     2nd February 2023 South African President Cyril Ramaphosa has confirmed his attendance at the Mining Indaba taking place in Cape Town next week, from Monday to Thursday. Ramaphosa, accompanied by eight ministers and three deputy ministers, will deliver a keynote address on Tuesday, 7 February. 

President Cyril Ramaphosa, President of South Africa.
President Cyril Ramaphosa, President of South Africa.

MCA calls for stable policy to boost investment

By: Esmarie Iannucci     2nd February 2023 The Minerals Council of Australia (MCA) has called on the federal government to implement a number of reforms in order to ‘seize a once in a generation opportunity’ to grow investment in the resources sector. In its 2023-24 pre-Budget submission, the MCA pointed out that Australia’s mining... 

Image shows an opencast mine with dump trucks

President Jokowi 'confident' Tesla will invest in Indonesia

By: Reuters     1st February 2023 Indonesian President Joko Widodo is confident Tesla will finalise a deal to invest in a production facility in his country, having offered the US car maker incentives ranging from tax breaks to a concession to mine nickel. Southeast Asia's largest economy has been wooing Tesla to invest in... 

Glencore's 2022 cobalt production up, along with oil, nickel, ferrochrome 

By: Martin Creamer     1st February 2023 Mining and marketing company Glencore produced 40% more cobalt last year, along with 16% more oil, 5% more nickel and 1% more ferrochrome. Although coal production of 110-million tonnes was 6.7-million tonnes higher, on a like-for-like basis, overall group coal production fell by 7%, primarily... 

Glencore CEO Gary Nagle.
Glencore CEO Gary Nagle.

Vale's fourth-quarter iron-ore output edges down

By: Reuters     1st February 2023 Brazil's Vale, one of the world's largest mining companies, on Tuesday reported a fourth-quarter 1% fall in iron ore production from a year earlier, while the sales volume of nickel soared The company said it produced 80.85-million tonnes of iron-ore during the last three months of 2022, sending... 

Squeezed mining companies face growth dilemma

By: Reuters     31st January 2023 High costs and the prospect of shrinking earnings have made big miners nervous about expansion, even as shareholders demand investment in response to robust commodity prices, China's reopening and the role of minerals in decarbonising the economy. Although years of cost discipline have repaired... 

IGO posts record earnings

By: Esmarie Iannucci     31st January 2023 Battery metals miner IGO has reported record earnings for the half-year ended December, driven by a strong December quarter. The ASX-listed miner on Tuesday announced record underlying earnings before interest, tax, depreciation and amortisation (Ebitda) of A$834-million for the half-year,... 

Britishvolt’s founder says UK battery sector is ‘doomed’ unless government steps up

By: Bloomberg     27th January 2023 The UK’s battery manufacturing industry is doomed unless the government ramps up support for the sector, according to the founder of failed battery startup Britshvolt Ltd. Formerly the UK’s main hope for a homegrown supplier to the electric-vehicle industry, Britishvolt went into bankruptcy this... 

Consistent policy crucial amid uncertainty

By: Nadine James     27th January 2023 In addition to increasing socioeconomic challenges and their knock-on effects worldwide, mining entities must also contend with a looming metals deficit, says Zambia Chamber of Mines CEO and engineer Sokwani Chilembo. “It’s been well known and widely forecast, even before the escalation of the... 

An image of hands holding emeralds at the Kagem mine in Zambia
A SHINING EXAMPLE African governments must make their jurisdictions more attractive to investors

Nornickel forecasts output drop in 2023 due to planned maintenance

By: Reuters     24th January 2023 Russian metals producer Norilsk Nickel said on Tuesday it expected its nickel and palladium production to fall this year due to planned refurbishment at its Nadezhda metallurgical plant after posting higher than forecast output in 2022. The resumption of production at two mines hit by flooding... 

Metals, mining industry execs pessimistic about global growth, CRU study finds

By: Tasneem Bulbulia     24th January 2023 More than half (52%) of global commodities business intelligence company CRU’s clients in the metals and mining industries expect global gross domestic product (GDP) to grow by no more than 1% this year, according to its yearly macroeconomic survey of clients, which polled global clients from the... 

SPC and Vale consolidate Sudbury nickel/copper deposits

By: Mariaan Webb     24th January 2023 Canadian junior SPC Nickel and diversified miner Vale’s Canada subsidiary have announced that they will consolidate their adjacent and contiguous West Graham and Crean Hill 3 nickel and copper deposits, in the Sudbury mining camp of Ontario. The agreement grants SPC Nickel the right to acquire... 

Lifezone Metals appoints Gerick Mouton COO

By: Tasneem Bulbulia     23rd January 2023 Modern metals company Lifezone Holdings has appointed Gerick Mouton as COO. Mouton is a mechanical engineer and professional project manager with 25 years of experience in strategic mining and mineral processing development, capital raising, leadership, organisational establishment and execution... 

Potanin says sanctions constrain Nornickel, force it to adjust strategy

By: Reuters     23rd January 2023 Nornickel boss Vladimir Potanin, one of Russia’s richest men, said on Monday that the metals giant was reworking its strategy and building closer ties with countries such as China, Turkey and Morocco because of Western sanctions on the Russian economy. Potanin told Russia’s RBC television that... 

Nornickel CEO Vladimir Potanin
Nornickel CEO Vladimir Potanin

Indonesia's Bakrie Group seeks nickel mine, partners up for $9bn EV project

By: Reuters     20th January 2023 Indonesian conglomerate Bakrie & Brothers BNBR.JK is looking to acquire a nickel mine in the resource-rich island of Sulawesi to supply a planned integrated industrial park to produce electric vehicle batteries, an executive said on Friday. Also known as the Bakrie Group, which has interests in... 

New drilling may have uncovered district-scale nickel/copper resource, says Talon

By: Mariaan Webb     20th January 2023 Base metals explorer Talon Metals has intercepted new high-grade nickel/copper mineralisation outside the current resource area of the Tamarack project, which the company believes has confirmed a new “system” of high-grade nickel/copper mineralisation in the Tamarack Intrusive Complex. “While... 

Green hydrogen mine mobility on way in India to platinum applause

By: Martin Creamer     19th January 2023 India has opted for hydrogen fuel-cell heavy-duty mine truck mobility in a green initiative that will have platinum group metals (PGMs) miners applauding. This is because the clean emission-free power will come from proton exchange membrane PEM technology, which is PGM-enabled. 

Anglo American's large nuGen zero emissions haulage solution.
Photo by Creamer Media
Anglo American's large nuGen zero emissions haulage solution.

LME CEO says nickel reforms to be implemented 'relatively quickly'

By: Reuters     19th January 2023 The London Metal Exchange (LME) will implement recommendations on accountability and position limits "relatively quickly" from an independent review of last year's nickel crisis to prevent market distortions and improve risk monitoring, its chief executive officer said on Wednesday. "The... 

Kendalion's share in Cannon rises to 92%

By: Esmarie Iannucci     19th January 2023 Canada’s Kedalion Nickel’s interest in ASX-listed takeover target Cannon Resources has now reached over 92%, with the company now able to start the compulsory acquisition of the remaining shares in Cannon. The two companies last year struck a takeover offer under which Kandalion offered 45c a... 

Nickel Industries raises first A$264m

By: Esmarie Iannucci     19th January 2023 ASX-listed Nickel Industries has raised an initial A$264-million from its $471-million capital raise target, completing the institutional component of its capital raise efforts. The company on Thursday said it had issued some 259.1-million shares at a price of A$1.02 each, with the institutional... 

BHP warns of cost pressures

By: Esmarie Iannucci     19th January 2023 Major BHP has flagged higher costs at its Pilbara iron-ore and its Queensland and New South Wales coal operations, as well as at its copper operations at Escondida, in Chile. The miner on Thursday reported strong production rates for iron-ore, copper and metallurgical coal during the half year... 

BHP warns of cost pressures

Transparency-boosting Battery Passport proof-of-concept launched at Davos

By: Donna Slater     18th January 2023 Multistakeholder organisation the Global Battery Alliance (GBA) launched a proof-of-concept for its Battery Passport at the World Economic Forum’s yearly meeting in Davos, Switzerland, on January 18. With the aim of establishing a sustainable battery value chain by 2030, the GBA’s Battery... 

BASF, Eramet plan $2.6bn nickel smelter in Indonesia

By: Bloomberg     18th January 2023 BASF and Eramet plan to spend as much as $2.6-billion building a nickel/cobalt refinery in Indonesia, expanding a wave of investment in the Southeast Asian nation aimed at feeding growing demand from electric vehicles (EVs). The project, known as Sonic Bay, will produce about 67 000 t of nickel... 

Kingsrose strikes deal over Norway base metals project

By: Esmarie Iannucci     18th January 2023 ASX-listed explorer Kingsrose Mining has struck a deal with Scandinavian Resource Holdings and Global Energy Metals Corporation for the staged investment into the Råna nickel/copper/cobalt project, in Norway. Under the terms of the agreement, Kingsrose could earn up to a 75% interest in the... 

New gov grants for critical mineral developments

By: Esmarie Iannucci     18th January 2023 The federal government this week released guidelines for new grants to help develop Australia’s critical minerals sector, support downstream processing, create jobs across regional Australia and support global efforts to achieve net-zero. The Critical Minerals Development Program will provide up... 

Nickel Industries flags transformative nickel deal

By: Esmarie Iannucci     18th January 2023 ASX-listed Nickel Industries has announced plans for a $471-million capital raise to fund the acquisition of a 10% interest in two producing nickel assets, including a greater stake in the Oracle nickel project. Nickel Industries has struck an electric vehicle battery supply chain strategic... 

Image shows stacked coins

First Quantum ups 2023, 2024 capex guidance

By: Mariaan Webb     17th January 2023 Canada-headquartered First Quantum has increased its capital expenditure (capex) guidance for 2023 and 2024 to reflect inflationary cost increases, as well as additional increases arising from scope definition, expansion of environmental, social and governance initiatives and the timing of... 

BHP's Xplor to fund copper/nickel exploration partnerships

By: Esmarie Iannucci     17th January 2023 Major BHP has selected seven companies to help accelerate global copper and nickel exploration through its Xplor programme. The seven companies have been selected to receive funding and support under the BHP Xplor accelerator program, which is designed to help provide participants with the... 

China’s reopening should underpin commodity demand acceleration – Barclays 

By: Martin Creamer     13th January 2023 China’s reopening and ‘whatever it takes’ approach to the property sector are tectonic shifts that should underpin an acceleration in commodity demand through 2023, say Barclays Equity Research analysts. 2023 is set to be another strong year for miners, European metals and mining analysts Amos... 

Iron-ore sparkle.
Iron-ore sparkle.

Indonesia details plans to limit development of nickel smelters - report

By: Reuters     13th January 2023 Indonesia will limit construction of nickel smelters to ensure new plants produce high-value products and follow green principles in the production process, state news agency Antara reported on Friday, citing the country's investment minister. Noting many existing smelters already produce nickel... 

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