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Nickel News

Muted Chinese stainless steel production, trade dispute results in nickel price dip

By: Marleny Arnoldi     24th May 2019 Fitch Solutions Macro Research has revised its nickel price forecast for this year down to $13 250/t, compared with its previous forecast of $14 500/t, as prices have headed lower in recent weeks. The nickel price has dropped by 9% to $12 010/t in mid-May, compared with $13 100 in mid-April.  

Mincor raises cash for nickel restart

By: Esmarie Iannucci     24th May 2019 Nickel hopeful Mincor Resources will raise A$23-million through a share placement and share purchase plan (SPP) to fast track its plans to restart nickel sulphide mining in the Kambalda district, in Western Australia. Mincor earlier this week struck a A$9.5-mllion deal to acquire the Long... 

Base metals promise future prosperity for Botswana economy

By: Khutso Maphatsoe     24th May 2019 The base metals industry is an exciting prospect for Botswana, as copper mining is increasing, which bodes well for the country’s economy, says Botswana Chamber of Mines (BCM) CEO Charles Siwawa. Although copper- and nickel-producing mines have temporarily closed down, companies such as Khoemacau... 

Base metals promise future prosperity for Botswana economy
MORE FOR ALL There is quite a lot of exploration around the Orapa area, which is known for diamond mining

Mincor snaps up idled nickel mine in Kambalda

By: Esmarie Iannucci     23rd May 2019 ASX-listed Mincor Resources has acquired the Long nickel operation, in Western Australia, from diversified miner Independence Group for up to A$9.5-million. The Long nickel operation was placed on care and maintenance in mid-2018, following the production of more than 135 000 t of nickel-in-ore,... 

Nickel Mines finds funding, amends Ranger deal

By: Esmarie Iannucci     21st May 2019 ASX-listed Nickel Mines has secured an $80-million funding package from Decent Investment International Private, an associate of the company’s operating partner Shanghai Decent Investment, to fund its increased stake in the Ranger nickel project, in Indonesia. Nickel Mines in April this year... 

Katoro identifies additional target at Haneti

By: Simone Liedtke     20th May 2019 Results from a soil sampling programme at Katoro Gold’s Haneti nickel project, in Tanzania, have reconfirmed and extended the strike length of the previously identified high-priority ultramafic exploration targets, as well as identified an additional ultramafic target, which was previously... 

ABM starts exploration at Cameroon cobalt/nickel project

By: Simone Liedtke     20th May 2019 Aim-listed African Battery Metals has started exploration activities at its cobalt/nickel project in Cameroon and will initially be targeting cobalt and nickel mineralisation at prioritised targets within the company’s licence areas. The work programme will start immediately, with a view to... 

Cobalt 27 completes Highlands Pacific acquisition

By: Creamer Media Reporter      20th May 2019 TSX-V-listed Cobalt 27 has completed the acquisition of Highlands Pacific, bolstering the company's prospects a growing diversified battery metals streaming and royalty company. As a result of the acquisition, Cobalt 27 now holds an 8.56% joint venture interest in the producing Ramu mine, a... 

ABM to buy 35% stake in Katoro's Haneti project

By: Creamer Media Reporter      15th May 2019 Aim-listed Katoro Gold has entered into an investment and option agreement with fellow Aim-listed African Battery Minerals (ABM) that will result in ABM acquiring up to 35% of Katoro's Haneti nickel project, in Tanzania, for £125 000. Under the terms of the agreement, ABM will acquire, in... 

President's correct, S Africans need to act together to realise economic opportunities – Baissac   

By: Martin Creamer     14th May 2019 President Cyril Ramaphosa is correct in stating that South Africans need to act together with urgency and boldness if they are to realise the economic opportunities before them, Eunomix CEO Claude Baissac said on Tuesday. Baissac, who was speaking to Mining Weekly Online following the finding of... 

President's correct, S Africans need to act together to realise economic opportunities – Baissac
Eunomix CEO Claude Baissac talks to Mining Weekly Online’s Martin Creamer about South Africa’s economic growth needs. Video: Nicholas Boyd. Photograph: Dylan Slater.

US faces hurdles in push to build electric vehicle supply chain

By: Reuters     14th May 2019 The United States faces stiff challenges as it moves to create its own electric vehicle supply chain, industry analysts say, with the extent of the country's metal reserves largely unknown and only a few facilities to process minerals and produce batteries. Legislation making its way through the... 

BHP to keep Nickel West, Rio looks to Serbian lithium deposit for battery boom

By: Reuters     14th May 2019 Global miner BHP will hold on to the Australian nickel operations it previously put up for sale, while Rio Tinto is working on copper and lithium projects as the mining industry bets on demand for electric vehicle (EV) batteries. The biggest mining companies say they are well positioned to... 

ABM, Kalahari collaborate on Molopo Farms Complex exploration

By: Marleny Arnoldi     13th May 2019 Aim-listed African Battery Minerals (ABM) has entered into an earn-in agreement over a base metals and platinum group metals (PGMs) exploration opportunity in Botswana. ABM has acquired an 18.2% interest in Kalahari Key Mineral Exploration, which owns the Molopo Farms Complex project, for $194... 

LME appoints first female chairperson in its history

By: Reuters     10th May 2019 The London Metal Exchange (LME) has appointed Standard Chartered and ConocoPhillips board member Gay Huey Evans – the first female chairperson in its 142-year history. Evans, who is also on the board of Itau BBA International and has previously worked at Citi, Barclays Capital and the UK's... 

Micromine software upgraded to increase performance

By: Thabi Madiba     10th May 2019 Following the positive effect of current worldwide exploration on the demand for mining software solutions specialist MICROMINE’s products, the company will release the latest version of its three-dimensional (3D) modelling and mine design software, Micromine 2020, in the last quarter of this... 

Micromine software  upgraded to  increase performance
IMPROVED PERFORMANCE The upgraded Micromine 2020 offers enhancements to implicit modelling and pit optimiser modules

Worley creating a force for the future of resources and energy 

By: Martin Creamer     7th May 2019 Following the announcement in October 2018 of WorleyParsons' binding offer for Jacobs' Energy, Chemicals and Resources, the combined new entity has come together under a new brand – Worley – involving 57 600 people across 51 countries. While financially a $3.2-billion acquisition, operationally... 

Worley creating a force for the future of resources and energy
Photo by Creamer Media Chief Photographer Dylan Slater
From left, Krish Iyer, president Middle East Africa, Francois Bosch, business development (BD) sales manager, East Africa, Denver Dreyer, senior vice president Mining Minerals and Metals (MM&M), Europe Middle East Africa, Ian Davies, senior vice president, BD & Growth MEA, Ryan Froude, operations manager, East Africa, Robert Hull, vice president, MM&M, Africa, and Ed Hanbidge, vice president, Energy Chemicals and Services, Southern and Eastern Africa.

Australian battery materials plant eyes financing deal by end-June

By: Reuters     3rd May 2019 Nickel miner Australian Mines hopes to lock in funds for a planned A$1.3-billion ($935 million) battery materials plant by end-June, its chief executive said, despite volatile prices that have crimped lending to the new energy sector. The company is talking with South Korean battery maker SK... 

Sherritt CEO undaunted by Trump’s tightening of embargo on Cuba

By: Bloomberg     30th April 2019 One of Cuba’s biggest foreign investors isn’t fazed by President Donald Trump’s push to make doing business in the communist-run Caribbean nation more difficult. David Pathe said Sherritt International has deep roots on the island, and the chief executive officer is hopeful renewed oil... 

Glencore lowers full-year copper output guidance  

By: Tasneem Bulbulia     30th April 2019 Diversified miner Glencore has lowered its full-year production guidance for copper to 1.46-million tonnes, compared with the previously guided 1.54-million tonnes. The group, led by CEO Ivan Glasenberg, on Tuesday reported that its own sourced copper production for the first quarter of this year... 

Glencore lowers full-year copper output guidance
Photo by Creamer Media
Ivan Glasenberg

Lundin net earnings down 30%

By: Mariaan Webb     25th April 2019 The first-quarter earnings of TSX- and Nasdaq Stockholm-listed Lundin Mining fell by 30% to $60.9-million, the Canadian base metals miner reported on Wednesday. The first-quarter earnings include a loss on Lundin’s equity investment in Finnish business Freeport Cobalt of $11.9-million, which was... 

Global Witness welcomes LME’s new responsible sourcing rules 

By: Marleny Arnoldi     23rd April 2019 International nongovernmental organisation (NGO) Global Witness has welcomed the London Metal Exchange’s (LME’s) new responsible sourcing rules, which were published for public consultation on Tuesday. The exchange’s responsible sourcing roadmap is intended for LME-listed brands and builds on a... 

Global Witness welcomes LME’s new responsible sourcing rules

Nickel pig iron market contributes to Indonesian nickel mining growth

By: Cameron Mackay     19th April 2019 The growth of the nickel pig iron (NPI) market in Indonesia has led to the rapid increase of nickel mining operations in the country, says international metals and minerals consultancy Roskill senior analyst Olivier Masson. Nickel pig iron, a low-grade ferronickel, was created in China as a... 

Nickel pig iron market  contributes to Indonesian nickel mining growth
Photo by Bloomberg
STEELY RESOLVE About 70% of the primary nickel produced in 2018 was used for stainless steel production

Ivanplats to complete early-works construction at Platreef Shaft 2

By: Mc'Kyla Nortje     19th April 2019 Ivanplats, the South African subsidiary of Ivanhoe Mines, is expected to complete early-works construction at Shaft 2 of the Platreef palladium/platinum/nickel/copper/gold/rhodium project, near Mokopane, in Limpopo, South Africa, in the second quarter, says Ivanplats VP and project director... 

Ivanplats to complete early-works construction at Platreef Shaft 2
SHAFT 2 Aerial view of the Shaft 2 box cut early works with the concrete hitch under construction

Sherritt sees no impact as Trump lifts ban on lawsuits against foreign firms in Cuba

By: Reuters     18th April 2019 Canadian miner Sherritt International will not be materially impacted by the Trump administration's decision to allow lawsuits in US courts against foreign firms in Cuba, the Canadian mining firm said on Wednesday. The Trump administration will allow lawsuits in US courts for the first time... 

Sherritt sees no impact as Trump lifts ban on lawsuits against foreign firms in Cuba
US President Donald Trump

Munali nickel mine restarted

By: Marleny Arnoldi     16th April 2019 Mabiza Resources and its major investor Consolidated Nickel Mines (CNM) have restarted mining operations at the Munali nickel mine, in Zambia. The refurbished mine was officially opened on Tuesday by Zambia President Edgar Lungu and key dignitaries from the Zambian government.  

Waterton launches legal action against Hudbay

By: Creamer Media Reporter      16th April 2019 Toronto-based investment firm Waterton Global Resource Management, which is waging a proxy contest against Hudbay Minerals, has started legal proceedings against the TSX- and NYSE-listed miner in the Ontario Superior Court. According to a statement from Hudbay, Waterton is alleging that the... 

Waterton launches legal action against Hudbay
Hudbay CEO Alan Hair

Demand for outsourced solutions rising in Africa

By: Jessica Oosthuizen     12th April 2019 Mineral discoveries in Africa have been on the increase in the past ten years and one of the major challenges for mines is finding expert solutions in countries that have developing mining ecosystems, says global boutique consultancy The Polyglot Group renewables and resources senior consultant... 

Demand for outsourced  solutions rising in Africa
JASON TODD In Africa, minimising risk is always high on the agenda

Orion Minerals halts securities trading at JSE as it prepares for capital raising

By: African News Agency      11th April 2019 Australian miner Orion Minerals on Thursday requested an immediate trading halt be placed on its securities in the Johannesburg Stock Exchange (JSE) as it anticipates making a material announcement in relation to a proposed capital raising. Orion said the trading halt was requested until the... 

African Battery Metals eyes development of Cameroon, DRC interests

By: Natasha Odendaal     3rd April 2019 Aim-listed African Battery Metals (ABM) is now continuing work across its Democratic Republic of the Congo (DRC) cobalt and Cameroon cobalt/nickel projects following a strategic review. The company intends using the data obtained to identify an optimal value generation pathway for the company and... 

IGO to patent Nova downstream process

By: Esmarie Iannucci     2nd April 2019 Diversified miner Independence Group has lodged a patent application for a new process to produce high quality nickel sulphate from nickel sulphide concentrate. The company is currently undertaking a prefeasibility study on a downstream nickel sulphate operation at its Nova nickel-cobalt... 

Nornickel to spend $1.4bn on two expansion projects

By: Reuters     28th March 2019 Russian nickel and palladium producer Norilsk Nickel (Nornickel) said it will invest up to 90-billion roubles ($1.4-billion) over four years in two major projects in Russia. The projects - expansion and reconstruction of the Talnakh ore concentrator and development of the South Cluster mine -... 

Nornickel to spend $1.4bn on two expansion projects

Potanin plans talks with Rusal over cutting Nornickel payout

By: Bloomberg     27th March 2019 Vladimir Potanin is determined to start talks on cutting dividends at MMC Norilsk Nickel, even though management upheaval at the miner’s other key shareholder United Co. Rusal makes the outcome uncertain. “The company has big plans,” Potanin, Nornickel’s biggest shareholder and CEO, said in an... 

Potanin plans talks with Rusal over cutting Nornickel payout
Vladimir Potanin

Poseidon launches Black Swan refurb

By: Esmarie Iannucci     20th March 2019 ASX-listed Poseidon Nickel has started the refurbishment of its Silver Swan decline, in Western Australia. The underground refurbishment of the Silver Swan decline will entail the upgrading of ground support, repair of the southern ventilation surface infrastructure, inspection of the northern... 

Sumitomo says Ambatovy nickel plant shut for 2 weeks in February

By: Reuters     20th March 2019 Japanese trading house Sumitomo Corp said on Wednesday its Ambatovy nickel plant in Madagascar was forced to shut for about two weeks in early February due to trouble at its hydrogen plant, and may miss its revised annual production target. Sumitomo owns a 47.7% stake in Ambatovy, while South... 

Mincor strikes new deal with Nickel West

By: Esmarie Iannucci     19th March 2019 ASX-listed Mincor Resources has signed an offtake term sheet with the Nickel West division of mining major BHP. The term sheet will form the basis for a binding ore tolling and concentrate purchase agreement, which will replace the 20-year agreement that Mincor had with Nickel West, which... 

African Battery Metals buys a stake in Katoro

By: Marleny Arnoldi     15th March 2019 London-listed African Battery Metals (ABM) has acquired an interest in London-listed Katoro Gold and further entered into an option agreement to acquire an interest in Katoro’s Haneti nickel project, in Tanzania. Under the terms of the agreements, ABM will be acquire up to ten-million new... 

Junior miner gets new lease of life with successful refinancing process

By: Rebecca Campbell     15th March 2019 London AIM-listed junior miner African Battery Metals (ABM) announced early this month that it had successfully concluded its refinancing process. Last December, ABM was suspended from trading on the AIM because of its poor financial situation. At that time, its obligations to short-term... 

Huge demand for copper, cobalt, lithium and nickel in the offing as EV uptake increases

By: Tracy Hancock     15th March 2019 Investors focused on the mining sector may not fully appreciate how quickly the electric vehicle (EV) is being adopted globally, in light of the world pursuing a low-carbon emissions future, says battery metals investment vehicle Colbalt 27 Capital chairperson and CEO Anthony Milewski, who warns... 

Huge demand for copper, cobalt, lithium and nickel in the offing as EV uptake increases
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