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Nickel News

Covid-19 preventing shareholders from attending Anglo AGM

By: Martin Creamer     7th April 2020 Shareholders will not be permitted to attend this year’s annual general meeting (AGM) of Anglo American because of Covid-19 restrictions – but they have been invited to submit questions in advance for answering at the AGM. The London- and Johannesburg-listed diversified mining company said in a... 

Global GDP to contract 1.9% this year, spark commodity oversupply, says Fitch

By: Simone Liedtke     6th April 2020 Owing to unprecedented lockdown in much of Europe, the US and across the globe, the world is currently experiencing considerably lower economic activity, which in turn significantly reduces commodity consumption, says ratings agency Fitch Ratings. As a result, it expects global gross domestic... 

Global GDP to contract 1.9% this year, spark commodity oversupply, says Fitch

Anglo going to great lengths to support South Africa in its Covid-19 hour of need 

By: Martin Creamer     6th April 2020 Diversified mining company Anglo American is going to remarkable lengths to support South Africa through the devastating Covid-19 crisis. The London- and Johannesburg-listed company, headed by Australian Mark Cutifani, is showing far-reaching corporate humanitarianism by taking firm steps to... 

Anglo going to great lengths to support South Africa in its Covid-19 hour of need
Photo by Bloomberg
Mark Cutifani

Zeta provides funding to Panoramic

By: Esmarie Iannucci     6th April 2020 ASX-listed Zeta Resources has provided nickel miner Panoramic Resources with an A$8-million unsecured loan to fund activities at the Savannah project, in Western Australia, and for working capital purposes. The loan will have an interest rate of 6% a year, and is unsecured and subordinated to... 

Palladium One obtains another project in Finland

By: Creamer Media Reporter      3rd April 2020 Vancouver-headquartered Palladium One Mining has received approval from the Finnish Mining Authority for a 20 000-ha reservation, Kostonjarvi (KS), which is adjacent to its flagship Läntinen Koillismaa (LK) project in central Finland. The KS reservation covers a large buried gravity and magnetic... 

Palladium One obtains another project in Finland

Indonesia nickel miners urge end to export ban to cushion coronavirus impact

By: Reuters     2nd April 2020 Indonesia should allow exports of nickel ore to help offset the impact of the fall in exports of processed nickel caused by the coronavirus outbreak, the Indonesian nickel miners' association (APNI) said in a document seen by Reuters. Indonesia, once the world's biggest nickel ore exporter,... 

Standard Bank meeting all capital and liquidity requirements 

By: Martin Creamer     1st April 2020 Capital and liquidity requirements across all the markets in which it operates are continuing to be met, Standard Bank Group FD Dr Arno Daehnke said during an investor call. Daehnke disclosed that the bank was benefitting from building up increased capital levels over the last few years in line... 

Standard Bank meeting all capital and liquidity requirements
Sim Tshabalala

Worker at Russia's Nornickel vessel tested positive for coronavirus

By: Reuters     1st April 2020 Russian nickel and palladium producer Norilsk Nickel said on Tuesday that a mechanic at one of its vessels tested positive for the coronavirus. Nornickel's Arctic port of Dudinka and Nornickel's production assets, located near the city of Norilsk of the Krasnoyarsk region, remain unaffected, the... 

Covid-19 prompts Glencore to defer cash distribution, reinforce liquidity 

By: Martin Creamer     31st March 2020 The coronavirus pandemic has prompted global diversified mining and marketing company Glencore to defer its proposed $2.6-billion distribution of cash and reinforce its $10.1- billion liquidity through the refinancing and extension of revolving credit facilities on the same commercial terms as... 

Covid-19 prompts Glencore to defer cash distribution, reinforce liquidity
Ivan Glasenberg

Mining could be enormous post-virus stabiliser – Minerals Council

By: Martin Creamer     29th March 2020 The mining industry could be an enormous asset in stabilising and growing the economy post the coronavirus crisis – but the right economic and regulatory circumstances would have to prevail, Minerals Council South Africa stated in a weekend media release. Post coronavirus, South Africa would... 

ARM, Motsepe family play key roles in R1bn coronavirus pledge

By: Martin Creamer     28th March 2020 South Africa’s diversified black-controlled mining and minerals company African Rainbow Minerals (ARM) and the Motsepe family on Saturday formed the key part of the partnership of companies and organisations that have pledged R1 billion to assist with the current coronavirus (Covid-19) pandemic... 

ARM, Motsepe family play key roles in R1bn coronavirus pledge
Photo by Creamer Media
Dr Patrice Motsepe and Dr Precious Moloi-Motsepe at Saturday's remote media conference using the Internet to ensure social distance.

Glencore winds down most operations in line with Covid-19 restrictions 

By: Donna Slater     27th March 2020 Diversified mining and marketing company Glencore, with operations internationally, is winding down most of its operations and putting them on temporary care and maintenance as lockdowns are enforced in various countries to slow the spread of Covid-19. The London- and Johannesburg-listed company... 

Zimbabwe cuts rates, miners send coronavirus distress signals

By: Reuters     27th March 2020 Zimbabwe's central bank cut its main lending rate to 25% on Thursday and set a fixed exchange rate as part of measures to support the economy against the coronavirus pandemic. The Chamber of Mines, which represents major mining companies in the country, said mineral production could fall 60% in... 

Kambalda restart to cost A$68m - Mincor

By: Esmarie Iannucci     25th March 2020 A definitive feasibility study (DFS) into its integrated nickel re-start plan, in Kambalda, has confirmed the potential for the production of 63 000 t of nickel-in-concentrate over a five year period. ASX-listed Mincor Resources on Wednesday noted that the project would require a capital... 

Kambalda restart to cost A$68m - Mincor

Anglo takes companywide measures to limit spread, mitigate impacts of Covid-19 

By: Marleny Arnoldi     20th March 2020 Global diversified miner Anglo American has announced the measures that it is taking in light of the Covid-19 outbreak across its mining and corporate operations. CE Mark Cutifani says the measures are often tailored to the specific nature and location of a particular site to protect the... 

Anglo takes companywide measures to limit spread, mitigate impacts of Covid-19

Automotive battery makers looking to alternative chemistry to lower costs

By: Tasneem Bulbulia     18th March 2020 Major automotive battery makers and car manufacturers are planning to alter battery chemistry to lower the cost of new electric vehicles (EVs) being rolled out this year, mining and materials forecaster Afriforesight says. The race to cost cuts intensified last week with the largest Chinese EV... 

Vale shuts Canada’s Voisey’s Bay mine, mulls Mozambique coal stoppage

By: Mariaan Webb     17th March 2020 Brazil’s Vale has announced that it will ramp down its Voisey’s Bay mining operation, in Canada, and place it on care and maintenance for four weeks in the face of the Covid-19 pandemic. Although none of Vale’s employees has tested positive at any of its operations, the decision is aimed at... 

Vale shuts Canada’s Voisey’s Bay mine, mulls Mozambique coal stoppage
The Voisey's Bay operation, in Canada.

Menar progressing gold project in Kyrgyzstan  

By: Martin Creamer     17th March 2020 Private investment and management company Menar, which is planning to invest R7-billion in coal projects in South Africa, is also progressing a gold project in Kyrgyzstan. “We’re looking at a sizeable gold project,” said Menar MD Vuslat Bayoǧlu, who is hoping that the Kyrgyzstan project will... 

Menar progressing gold project in Kyrgyzstan
Menar MD Vuslat Bayoǧlu talks to Mining Weekly’s Martin Creamer about gold project in Kyrgyzstan. Video Editing: Nicholas Boyd. Photograph: Donna Slater. Video: Kutlwano Matlala.

China warns metals firms not to race back from virus

By: Reuters     6th March 2020 China's Industry Ministry said on Friday metals firms should not seek to ramp up production at all costs and should "avoid vicious competition" with one another as they return to work in the wake of the coronavirus outbreak. Industrial production in China, the world's biggest metals consumer,... 

Global nickel production to decline significantly in 2020 – Fitch Solutions

By: Simone Liedtke     6th March 2020 Research agency Fitch Solutions expects global nickel production to decrease significantly over the course of this year, as major producer Indonesia’s nickel ore export ban comes into effect. The ban in Indonesia was announced in September 2019, bringing it forward to go into effect from January... 

Nornickel part of Finnish battery recycling initiative

By: Creamer Media Reporter      6th March 2020 Russian mining company Norilsk Nickel (Nornickel) will team up with Finnish energy company Fortum and German chemical group BASF to establish a battery recycling cluster to service the electric vehicle market. The cluster, to be located in Harjavalta, Finland, will enable a “closed loop” cycle... 

Panoramic completes Savannah underground handover to Barminco

By: Tasneem Bulbulia     2nd March 2020 ASX-listed Panoramic Resources has successfully transitioned all underground mining activities at its Savannah nickel mine in Western Australia to the stewardship of underground contractor Barminco. Barminco has rapidly mobilised its key personnel and initial equipment to site, with the... 

Indonesia to issue rules on nickel ore price around late March

By: Reuters     28th February 2020 Indonesia aims to issue around late next month a regulation governing selling prices of nickel ore, a Ministry of Energy and Mineral Resources official said on Friday, following complaints by miners. The rules are aimed at preventing local smelting companies from buying ore at price level that... 

Fjordland and CanAlaska to explore north of Vale’s Thompson mine

By: Mariaan Webb     26th February 2020 Exploration companies Fjordland and CanAlaska Uranium have announced a letter of intent (LoI) to explore the North Thompson nickel project – a 16 685 ha claim group located 25 km north of the Thompson mine operated by Vale Canada. TSX-V-listed Fjordland has an option to acquire up to 80% in... 

New pure-play nickel/cobalt company to start trading on TSX-V

By: Creamer Media Reporter      26th February 2020 The TSX-V has approved the listing of Canada Nickel Company, which will begin trading on the exchange on Friday. Canada Nickel owns the Crawford nickel/cobalt sulphide project, which was spun out of TSX-V-listed Noble Mineral Exploration. Noble announced the transfer of Crawford, in Ontario, to... 

Indonesia expects delay to $11bn nickel projects due to coronavirus outbreak

By: Reuters     25th February 2020 Indonesia's coordinating minister overseeing maritime resources and investment affairs said on Tuesday that the coronavirus outbreak in China will likely delay development of nickel projects in the Southeast Asian country worth about $11-billion. Minister Luhut Pandjaitan told reporters that... 

Panoramic signs up Barminco for underground work

By: Esmarie Iannucci     21st February 2020 Nickel miner Panoramic Resources has inked a long-term underground mining contract with contractor Barminco at its Savannah nickel mine, in Western Australia. Barminco’s parent company Perenti on Friday said that under the near A$200-million contract, Barminco will undertake mine development,... 

Colombia looks to recover $181.5m in alleged unpaid royalties from South32

By: Reuters     20th February 2020 Colombia has launched an investigation over alleged unpaid royalties of 619-billion pesos ($181.5-million) from iron and nickel production at Australian miner South32's Cerro Matoso mine between 1982 and 2012, the country's comptroller said Wednesday. According to initial findings the Australian... 

Anglo delivers $3.5bn profit, declares final dividend 

By: Martin Creamer     20th February 2020 Diversified mining company Anglo American delivered 2019 profit attributable to equity shareholders of $3.5-billion, in line with the prior year. The company, headed by CEO Mark Cutifani, generated underlying earnings of $10-billion, a 9% increase, and $2.3-billion of attributable free cash flow. 

Anglo delivers $3.5bn profit, declares final dividend
Photo by Creamer Media
Anglo American CEO Mark Cutifani

Mt Thirsty PFS supports development

By: Esmarie Iannucci     20th February 2020 A prefeasibility study (PFS) into the Mt Thirsty cobalt/nickel joint venture (JV), in Western Australia, has found that the project could support the production of 19 100 t/y of cobalt and 24 800 t/y of nickel as a mixed sulphide product over a mine life of 12 years. The PFS estimated that the... 

ERG mulls construction of battery metals plant

By: Creamer Media Reporter      19th February 2020 Diversified natural resources group Eurasian Resources Group (ERG) is assessing options for the construction of a plant to produce nickel/cobalt/manganese (NCM) precursor materials for use in lithium-ion batteries in electric vehicles (EVs). The group is planning to develop the proposed plant in... 

Climate-friendly copper, cobalt, nickel steal limelight as Glencore depletes coal reserve 

By: Martin Creamer     18th February 2020 Climate-friendly energy transition metals, copper, cobalt and nickel, stole the limelight during Glencore’s presentation of 2019 results on Tuesday, when the company revealed that it would be depleting its coal reserves in line with the global move towards a low-carbon economy. Presenting... 

Climate-friendly copper, cobalt, nickel steal limelight as Glencore depletes coal reserve
Photo by Bloomberg
Ivan Glasenberg

Glencore provides update on its transition to low-carbon economy

By: Martin Creamer     18th February 2020 JOHANNESBURG (miningweekly.com) – Diversified mining and marketing company Glencore on Tuesday published an update on its performance in transitioning towards a low-carbon economy. This follows its climate change position statement of February 2019. 

Glencore provides update on its transition to low-carbon economy
Photo by Bloomberg
Ivan Glasenderg

ARM's basic earnings expected to rise

By: Simone Liedtke     17th February 2020 Diversified miner African Rainbow Minerals (ARM) expects its basic earnings for the first half of the 2020 financial year to increase by between 60% and 65% to between just over R2-billion and R2.1-billion. Basic earnings per share for the six months under review are expected to be between 1 081c... 

Minnesota Natural Resources Dept and PolyMet approach Supreme Court

By: Mariaan Webb     17th February 2020 The Minnesota Department of Natural Resources (DNR) and Toronto-headquartered PolyMet Mining have approached the Supreme Court to review last month’s state Court of Appeals decision on permits for the NorthMet project. The DNR is seeking a review of a decision regarding three permits that it... 

Bushveld sees battery storage potential beyond EVs  

By: Simone Liedtke     17th February 2020 While the energy transition is gaining a lot of traction, integrated primary vanadium producer Bushveld Minerals CEO Fortune Mojapelo laments that the battery storage narrative is “still dominated by electric vehicles (EVs)”. He tells Engineering News & Mining Weekly that there is still a lack of... 

Bushveld sees battery storage potential beyond EVs
Bushveld Minerals CEO Fortune Mojapelo chats to Engineering News & Mining Weekly about the energy transition, how vanadium plays a role in this as well as how this fits into the company's growth plans. Video: Creamer Media's Kutlwano Matlala. Editing: Nicholas Boyd.

Angola seeks to make itself a more mining-friendly jurisdiction

By: Rebecca Campbell     14th February 2020 Angola will this year initiate a new governance system for the country’s mining industry, the country’s Mineral Resources and Petroleum Minister, Diamantino Azevedo, confirmed at the recent Investing in African Mining Indaba in Cape Town. The new system will include the new National Agency for... 

Call made for accelerated exploration to build critical-minerals pipeline

By: Tracy Hancock     14th February 2020 Amid growing demand for critical minerals globally on the back of increased production of the technologies needed to realise a low-carbon future, North America’s policies and regulations are said to be hindering exploration and depleting its project pipeline. This is the most minerals-intensive... 

Call made for accelerated exploration to build critical-minerals pipeline
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