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Nickel News

Vale Sudbury nickel miners' union recommends rejection of new offer

By: Reuters     Updated 3 hours ago A union representing striking workers from Vale's Sudbury, Canada, nickel mine recommended that its members reject the Brazilian company's latest offer, saying it offered "minimal improvements". The 2 500 workers at the mine walked off the job on June 1, complaining about plans to cut health and... 

First ore produced from Voisey’s Bay expansion project

By: Creamer Media Reporter      14th June 2021 The Voisey’s Bay mine expansion project, which is transitioning the northern Labrador nickel operation from an openpit to two underground mines, marked a key milestone last week with the production of first ore. “[The] announcement of first ore production heralds another step forward in the... 

Waterton seeks up to $1bn for Quebec nickel mine

By: Bloomberg     11th June 2021 Waterton Global Resource Management has hired advisers to sell its Dumont nickel project in Quebec, seeking to capitalize on demand for the resource as automakers make plans to build more electric vehicles, according to people familiar with the matter. The project, which is located about 300... 

Early Tesla investor backs firm that tracks metals supply chain

By: Bloomberg     11th June 2021 An early Tesla investor is backing a startup that helps track battery metals across the supply chain to ensure they hold up to environmental and ethical scrutiny. The Westly Group, which led a funding round with five other venture capital firms, invested $14-million in Circulor, according to a... 

Early Tesla investor backs firm that tracks metals supply chain

Allow geologists from surrounding African countries to boost SA's exploration rebirth, top explorer advises  

By: Martin Creamer     11th June 2021 Exploration geologists from surrounding countries should be allowed into South Africa to boost exploration. That is the view of Exploration Geology Consultants exploration manager Thinus Jordaan, who believes that South Africa’s planned exploration thrust should focus on commodities required in... 

Allow geologists from surrounding African countries to boost SA's exploration rebirth, top explorer advises
Exploration manager Thinus Jordaan interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

ARR prospects for scandium on Zenith property

By: Marleny Arnoldi     10th June 2021 ASX-listed American Rare Earths (ARR) has acquired the rights to explore, develop and process scandium, nickel and cobalt at the Split Rocks project, in Western Australia. The acquisition of the Scandium Mineral rights over the project, from fellow-listed Zenith Minerals, is consistent with the... 

Sherritt reschedules refinery shutdown

By: Creamer Media Reporter      9th June 2021 Nickel and cobalt miner and refinery Sherritt International has deferred the planned full-maintenance shutdown of its refinery in Fort Saskatchewan, Alberta, by two months to mitigate Covid-19 risks. The shutdown has been postponed from June to August. “While the number of local Covid-19 cases... 

US must work with allies to secure electric vehicle metals - White House

By: Reuters     8th June 2021 The United States must work with allies to secure the minerals needed for electric vehicle batteries and process them domestically in light of environmental and other competing interests, the White House said on Tuesday. The strategy, first reported by Reuters in late May, will include new... 

US must work with allies to secure electric vehicle metals - White House

Mining firms with higher ESG ratings outperform market – PwC  

By: Martin Creamer     8th June 2021 Mining companies with higher environmental, social and governance (ESG) ratings outperformed the broader market during the peak of the Covid-19 crisis, delivering 34% average total shareholder return over the past three years — ten percentage points higher than the general market index,  PwC... 

Mining firms with higher ESG ratings outperform market – PwC
PwC Mine 2021 Report covered by Mining Weekly’s Martin Creamer. Video: Nicholas Boyd

Noront refuses Wyloo loan, opts for private placement

By: Creamer Media Reporter      7th June 2021 Ring of Fire nickel developer Noront Resources has turned down a loan from potential suitor Wyloo Metals and will instead opt for a private placement financing. Noront will place 21.66-million shares at $0.283 each to raise gross proceeds of about $6.1-million. Noront has an “immediate need for... 

Nornickel resumes mining at Taimyrsky after flooding

By: Creamer Media Reporter      4th June 2021 Metals miner Nornickel has resumed ore mining at the Taimyrsky underground mine, which was flooded earlier this year. The world’s top producer of palladium said on Friday that the mine was currently operating at 5 000 t/d, which was about 40% of the design capacity. 

Test results underscore Giga’s ambition for 'true' carbon neutral nickel mine

By: Creamer Media Reporter      4th June 2021 Test work conducted by the University of British Columbia (UBS) on mineralised material from the Turnagain nickel project has demonstrated significant mineral sequestration of carbon dioxide (CO2), supporting owner Giga Metals’ ambition to build a “true” carbon natural mine. Test work shows that... 

Australia's Wyloo bid for Canada's Noront shows battery metal scramble

By: Reuters     3rd June 2021 A fight over Canadian nickel-copper miner Noront Resources shows the scramble for battery metals is accelerating, with global miners racing to secure supply ahead of an expected surge in demand from electric vehicles. Wyloo Metals, a unit of Australian mining magnate Andrew Forrest's Tattarang... 

Resource statement released to tempt new investment

By: Esmarie Iannucci     3rd June 2021 The federal government on Thursday released its first Global Resources Statement as part of its efforts to attract foreign investment and partnerships to develop Australia’s natural resources. The Global Resources Statement is the first milestone under the government’s Global Resources Strategy,... 

Resource statement released to tempt new investment

Fitch Solutions raises nickel price forecast

By: Marleny Arnoldi     2nd June 2021 Research agency Fitch Solutions and Country Risk has revised upward its average nickel price forecast for the year from $15 750/t to $16 500/t. The agency says nickel is enjoying strong demand from stainless steel producers, while a sustained market deficit will support higher prices up to 2025.  

Hot prices pervading commodities market, CRU tells Junior Indaba  

By: Martin Creamer     2nd June 2021 Price hotness is pervading the commodities market, CRU senior analyst Clare Hanna said on Tuesday, when she addressed the second and final day of the Junior Indaba. Speaking on ‘what’s hot and what’s not’, Hanna said almost all commodities were at the higher-than-15% level. (Also watch attached... 

Hot prices pervading commodities market, CRU tells Junior Indaba
CRU senior analyst Clare Hanna at Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Poseidon hoping Golden Swan is the golden ticket

By: Esmarie Iannucci     2nd June 2021 Junior nickel developer Poseidon Nickel is hoping to restart operations at its Black Swan mine, in Western Australia, by the middle of 2022. Speaking at Paydirt’s Battery Minerals conference, in Perth, Poseidon MD and CEO Peter Harold said that the company is undertaking significant exploration... 

Australia poised to benefit from increased commodity demand - MCA

By: Esmarie Iannucci     2nd June 2021 A new report by the Minerals Council of Australia (MCA) has shown that Australia was poised to take advantage of the predicted increase in global demand for commodities. The MCA’s Commodity Demand Outlook 2030 has predicted that seaborne iron-ore demand would rise moderately, from 1.5-billion... 

Australia poised to benefit from increased commodity demand - MCA

Council for Geoscience goes live with digital geoscience data

By: Martin Creamer     1st June 2021 South Africa’s Council for Geoscience went live on Tuesday with making geoscience data digitally available. During a panel discussion on the first day of the Junior Indaba, Council for Geoscience CEO Mosa Mabuza invited all to go on to the council’s website to find this data, the bulk of which,... 

Council for Geoscience goes live with digital geoscience data
Photo by Creamer Media
From top clockwise, ENSafrica COO Otsile Matlou, Geoscience CEO Mosa Mabuza, Orion Minerals CEO Errol Smart, DMRE DG Advocate Thabo Mokoena and AmaranthCX director Paul Miller.

Vale to suspend Sudbury ops after failed labor talks

By: Reuters     1st June 2021 Brazilian miner Vale said in a securities filing on Tuesday it will suspend operations at its Sudbury, Canada nickel mine, after its proposal for a five-year contract was rejected by the United Steelworkers union. United Steelworkers Local 6500, which represents 2 600 workers at the mine, said... 

Vale to suspend Sudbury ops after failed labor talks

Tender for new modern cadastre system to be invited next week   

By: Martin Creamer     1st June 2021 A tender for a new modern cadastre system to provide exploration information will be invited by the end of next week, Department of Mineral Resources and Energy (DMRE) director-general Advocate Thabo Mokoena said on Tuesday. In his opening keynote address on initiatives to ignite the exploration... 

Tender for new modern cadastre system to be invited next week
Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Wyloo to study Ontario battery metals hub

By: Mariaan Webb     1st June 2021 Wyloo Metals, part of Australian private investment group Tattarang, has outlined its commitment to long-term investments in Canada, as it seeks to tap into the “once-in-a-generation opportunity” of the country to establish itself as a major player in the battery metals space. Wyloo, which... 

Bryah reports base metal resource at Vanadium Australia

By: Esmarie Iannucci     1st June 2021 Junior Bryah Resources has reported a 31.3-million tonne nickel/copper/cobalt mineral resource estimate for the Australian Vanadium deposit, at its Gabanintha project in Western Australia. Fellow-listed Australian Vanadium, which holds the mineral rights to the vanadium, titanium, iron and... 

Battery material value-add consolidation in South Africa under consideration by Mick Davis-linked NextSource  

By: Martin Creamer     31st May 2021 South Africa, which has the wherewithal to provide the value-add consolidation advantage to battery materials that the world’s electric vehicle original equipment manufacturers (OEMs) want, is being seriously considered for the role, NextSource president and CEO Craig Scherba said on Monday.... 

Battery material value-add consolidation in South Africa under consideration by Mick Davis-linked NextSource
NextSource President and CEO Craig Scherba interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Trudeau’s EV ambitions need strategic shift, nickel CEO says

By: Bloomberg     31st May 2021 Canada needs a better strategy to build up an electric-vehicle supply chain and become a North American battery hub that takes advantage of a global push toward cleaner energy. That’s the parting advice Sherritt International’s outgoing CEO David Pathe has for the Canadian government and an... 

Trudeau’s EV ambitions need strategic shift, nickel CEO says
Canada Prime Minister Justin Trudeau

Jaguar's downstream options prove up

By: Esmarie Iannucci     31st May 2021 An independent value-add scoping study into the Jaguar nickel sulphide project, in Brazil, has delivered "exceptional" economic outcomes for ASX-listed Centaurus Minerals, prompting the company to proceed with a definitive feasibility study. The value-add scoping study considered an openpit and... 

Jaguar's downstream options prove up

Fitch lifts 2021 pricing assumptions for various metals 

By: Marleny Arnoldi     28th May 2021 Credit ratings agency Fitch Ratings has increased its copper price assumptions, among others, following “exceptionally” strong pricing conditions in the year-to-date. The agency declared a new price assumption of $9 000/t for this year, up from its previous assumption of $7 200/t.  

Potential takeover target Noront adopts shareholder rights plan

By: Mariaan Webb     28th May 2021 Nickel and copper explorer and developer Noront Resources on Thursday announced that it had adopted a shareholder rights plan, in the wake of Wyloo Metals’ announcement this week of a proposed unsolicited offer. The rights plan was designed to ensure that Noront shareholders were treated fairly... 

Biden's EV metals import plan unlikely to match climate goals - executives

By: Reuters     27th May 2021 The Biden administration's plan to rely on ally nations for most of the metals needed to build electric vehicles (EV) ignores the complexity of modern mining and could keep the US from meeting aggressive climate goals, according to industry executives. Reuters reported on Tuesday that President... 

Biden's EV metals import plan unlikely to match climate goals - executives
Senator John Barrasso: "We have these minerals here. We should produce them and use them for American workers and consumers."

Concern over lack of JSE listings ahead of Junior Indaba  

By: Martin Creamer     27th May 2021 In anticipation of next week's Junior Indaba virtual conference, AmaranthCX director Paul Miller has updated statistics on the change in the number of listed mining companies on the JSE over time. (Also watch attached Creamer Media video.) It is not a pretty picture. (See attached chart.) 

Concern over lack of JSE listings ahead of Junior Indaba
AmaranthCX director Paul Miller interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Govt-Minerals Council team established to promote exploration – Mgojo  

By: Martin Creamer     26th May 2021 The Department of Mineral Resources (DMRE) and Minerals Council South Africa have established a task team to promote exploration, outgoing Minerals Council president Mxolisi Mgojo said on Wednesday. The exploration task team, Mgojo said during his address to the council’s 131st annual general... 

Govt-Minerals Council team established to promote exploration – Mgojo
Minerals Council South Africa AGM covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Nolitha Fakude first woman mining industry president in 131 years 

By: Martin Creamer     26th May 2021 The board members of Minerals Council South Africa on Wednesday elected the first female president in 131 years. New president Nolitha Fakude, a former Minerals Council VP who is the chairperson of Anglo American South Africa, said she would be focusing on ensuring that mining contributes... 

Nolitha Fakude first woman mining industry president in 131 years
Top right, clockwise are Nolitha Fakude, Paul Dunne, Peter Steenkamp and Themba Mkhwanazi.

Biden looks abroad for electric vehicle metals, in blow to US miners

By: Reuters     26th May 2021 US President Joe Biden will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on processing them domestically into battery parts, part of a strategy designed to placate environmentalists, two administration officials with direct knowledge told... 

Biden looks abroad for electric vehicle metals, in blow to US miners
US President Joe Biden

Crawford nickel advances to feasibility study, EV opportunities eyed

By: Mariaan Webb     26th May 2021 The Crawford nickel sulphide project is immediately advancing to the feasibility study stage, after a preliminary economic assessment (PEA) demonstrated robust economics for what will be one of the biggest nickel sulphide operations globally. TSX-V-listed Canada Nickel Company on Tuesday... 

Diamond explorer Bill McKechnie feels South Africa has battery mineral exploration potential  

By: Martin Creamer     25th May 2021 The renowned exploration geologist linked to the colossal and still-thriving diamond discovery against all odds at the Venetia diamond mine in Limpopo, believes there is no reason why new battery and other specialist minerals cannot be discovered in South Africa, using the techniques that he... 

Diamond explorer Bill McKechnie feels South Africa has battery mineral exploration potential
Exploration geologist Bill McKechnie interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Nornickel hires new production chief

By: Reuters     25th May 2021 Russian metals producer Nornickel has hired Sergey Stepanov, former CEO at titanium producer VSMPO, as senior vice president in charge of production, it said on Tuesday. Nornickel's previous operations boss Sergey Dyachenko left the company in March as part of a management restructuring after a... 

Forrest’s Wyloo sets sights on Canadian nickel developer Noront

By: Mariaan Webb     25th May 2021 Australian mining billionaire Andrew Forrest’s Wyloo Metals on Tuesday announced that it intended to make an offer for Noront Resources, which would value the Canadian nickel project developer at C$133-million. Wyloo would acquire all the outstanding shares of Noront that it did not already own... 

Forrest’s Wyloo sets sights on Canadian nickel developer Noront

China's Huayou invests in $2.1bn Indonesia nickel project

By: Reuters     24th May 2021 China's Zhejiang Huayou Cobalt Co said on Monday it would partner electric vehicle battery maker EVE Energy and others in a $2.08-billion nickel and cobalt project in Indonesia. The company is also splashing out $210-million on a stake in Chinese battery materials producer Tianjin B&M Science... 

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