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Pt 1038.00 $/oz Change: 32.00
 

Nickel News

Strategic investor puts $12m into FPX Nickel

By: Mariaan Webb     30th November 2022 TSX-V-listed FPX Nickel has entered into a subscription agreement for a private placement financing with a new corporate strategic investor, raising gross proceeds of $12-million that it plans to use for the continued development of its nickel project in British Columbia. Under the terms of the... 

Australian battery metal players key to South Korea's EV ambition

By: Reuters     30th November 2022 Australia will play a big role in South Korea's ambition to lead the electric vehicle batteries market and diversify from China for its battery metals needs, a top South Korean executive said on Wednesday. Ben Bosung Kim, the MD for steel giant POSCO in Australia, said the company has already... 

Indonesia plans to appeal after losing WTO nickel dispute with EU

By: Reuters     30th November 2022 Indonesia's president said on Wednesday his country would appeal a trade dispute ruling that he stated had gone in favour of the European Union, which had sued Indonesia over its 2020 ban on exports of nickel ore. Speaking at an investment event, President Joko Widodo vowed the World Trade... 

Strong call for rapid green hydrogen investment by ramp-up backer 

By: Martin Creamer     30th November 2022 A strong call for final investment decisions (FIDs) on a multiplicity of green hydrogen projects was made at the South Africa Green Hydrogen Summit in Cape Town yesterday by H2Global, a market ramp-up instrument that serves as an innovative form of subsidy scheme to smooth out bumps along green... 

Taking part in the South Africa Green Hydrogen Summit panel discussion are (from left to right) facilitator Lorato Tshenkeng, Timo Bollerhey, Till Mansmann, Sasol’s Gosiame Khoele, and Tobias Bischof-Niemz.
Photo by Creamer Media
Taking part in the South Africa Green Hydrogen Summit panel discussion are (from left to right) facilitator Lorato Tshenkeng, Timo Bollerhey, Till Mansmann, Sasol’s Gosiame Khoele, and Tobias Bischof-Niemz.

2023 Mining Indaba to focus on Africa’s green metals opportunity

By: Donna Slater     29th November 2022 Next year’s Investing in African Mining Indaba will focus on the ways Africa can enhance the opportunity to increase the supply of green metals to meet global energy demands, while creating meaningful value for communities. Taking place during February 6 to 9 at the Cape Town International... 

Australia’s platinum pioneer highlighting greenness, mulling smelterless tech  

By: Martin Creamer     29th November 2022 Australia’s platinum group metals (PGMs) pioneer, Podium Minerals, is evaluating the cleanest and greenest mining and processing options that include the possibility of circumventing the need for smelting. The Australian Stock Exchange-listed exploration and resources development company, which... 

Podium Minerals MD and CEO Sam Rodda.
Podium CEO Sam Rodda interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Mincor marks progress at Cassini

By: Esmarie Iannucci     29th November 2022 Nickel miner Mincor Resources has marked a key milestone at its Cassini nickel project, in Western Australia, firing and extracting the first production stope. “Firing the first stope from a brand-new operation is a tremendous milestone for the company, marking the culmination of significant... 

LME says it saved nickel market from $20bn 'death spiral'

By: Bloomberg     29th November 2022 The London Metal Exchange has defended its controversial decision to cancel billions of dollars of nickel trades in March as necessary to avoid a $20-billion margin call that would have sent the market into a “death spiral.” The exchange on Monday provided its most detailed account yet of the... 

R4-trillion needed for South Africa’s hydrogen economy, PIC declares 

By: Martin Creamer     28th November 2022 South Africa’s State-owned Public Investment Corporation (PIC) stated on Monday that more than R4.3-trillion is required for the development of the hydrogen economy, which it declared positive for people, planet, and client portfolios. The hydrogen investment strategy of the PIC, which has... 

Hydrogen promises to be the next frontier in clean energy technology due to its extensive value chain applications.
Photo by Siemens
Hydrogen promises to be the next frontier in clean energy technology due to its extensive value chain applications.

Vale Indonesia expects to complete nickel HPAL plant by 2025

By: Reuters     28th November 2022 Indonesian nickel miner PT Vale Indonesia expects to complete construction by 2025 of a high-pressure acid leaching plant to produce nickel minerals used in electric vehicle (EV) batteries, its director said on Monday. Vale on Sunday broke ground on the plant, which is expected to have a... 

South Africa’s mining market is dynamic and fast-moving, Siemens Large Drives finds  

By: Martin Creamer     25th November 2022 South Africa is a super dynamic and super fast-moving market, says Siemens Large Drives global solutions head Oliver Beck, who has just completed a week of discussions with customers to highlight sustainability solutions for mining. From his perspective, South African mining economy is at the... 

Siemens Large Drives global solutions head Oliver Beck.
Siemens Large Drives' Oliver Beck, Tim Walwyn talk to Mining Weekly's Martin Creamer. Video: Nicholas Boyd, Shadwyn Dickinson. Video Editing: Darlene Creamer. Pictures: Donna Slater.

Miners welcome Australia's critical mineral support

By: Esmarie Iannucci     25th November 2022 Federal Resources Minister Madeleine King has outlined the Commonwealth government’s measures to assist in developing the critical minerals industry in the country, among which was the development of a new Critical Minerals Strategy. Speaking at the Australian Critical Minerals Summit, in... 

Chalmers warns of narrow critical mineral supply chains

By: Esmarie Iannucci     25th November 2022 Federal Treasurer Jim Chalmers has warned of the dangers of a constrained supply chain for the critical minerals sector, warning that the sector could become hostage to geopolitical competition and conflicts. Speaking at the Australian Critical Minerals Summit, in Sydney, Chalmers said that as... 

Image shows an aluminium refinery

Korea Zinc and Trafigura in talks over smelter venture

By: Reuters     24th November 2022 Korean Zinc and commodities trader Trafigura are in advanced talks to form a joint venture to build a nickel smelter as part of the Korean company's expansion in renewable energy, batteries and resource recycling, they said late on Wednesday. Nickel is one of the key materials used to make... 

Downstream processing could add A$40bn to Aus economy - PwC

By: Esmarie Iannucci     24th November 2022 Modelling undertaken by advisory firm PwC has shown that value-added industries in the critical minerals sector could contribute more than A$40-billion to the Australian economy by 2025. The value-added industry, which includes processing, refining and manufacturing, could also deliver as many... 

South Africa’s crime crisis ruling out economic growth, sustainability discussion hears 

By: Martin Creamer     23rd November 2022 South Africa’s economic paradox is that it cannot grow economically if it has a burgeoning crime crisis but it is unable to solve the burgeoning crime crisis if it is not growing. That was the opening comment of outgoing Mineral Council South Africa CEO Roger Baxter, who anchored the second of... 

Roger Baxter.
Roger Baxter.

Groundbreaking for R1bn fuel cell factory set for first quarter of 2023 

By: Martin Creamer     22nd November 2022 A bankable feasibility study has opened the way for the building of a factory for the local manufacture of fuel cells that are designed to provide low-carbon electricity to decentralised users at affordable prices throughout the African continent. Innovative South African Mitochondria Energy... 

Mitochondria founder and CEO Mashudu Ramano (right) interviewed by Martin Creamer (left).
Photo by Creamer Media
Mitochondria founder and CEO Mashudu Ramano (right) interviewed by Martin Creamer (left).

Bill Gates-Led fund backs pulsed-power technology to clean up mining

By: Bloomberg     22nd November 2022 A climate fund founded by Bill Gates is investing in technology that uses surges of electricity to shatter rocks and mineral ores in a bid to reduce energy use and carbon emissions at mines. A European fund tied to Gates’ Breakthrough Energy Ventures invested €12-million ($12.3-million) in the... 

Cannon takeover declared unconditional

By: Esmarie Iannucci     22nd November 2022 Canada-based Kedalion Nickel’s recommended takeover offer for ASX-listed Cannon Resources has been declared unconditional. Cannon on Tuesday urged its remaining shareholders to accept the 45c a share cash offer from Kandelion, which is scheduled to close on December 21, unless extended.  

Platinum moving into meaningful deficit amid emergent source of new end-demand 

By: Martin Creamer     22nd November 2022 Platinum is moving into meaningful deficit amid an emergent source of new end-demand in the form of green hydrogen. The 2022 surplus of 804 000 oz is projected to move into a deficit of 303 000 oz in 2023, according to the Platinum Quarterly of the World Platinum Investment Council (WPIC) for the... 

World Platinum Investment Council director of research Edward Sterck.
World Platinum Investment Council Director of Research Edward Sterck interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Black Swan proves up for Poseidon

By: Esmarie Iannucci     21st November 2022 A feasibility study into the Black Swan nickel project, in Western Australia, has shown that the 1.1-million tonne a year operation could deliver some A$333-million in cash flows. ASX-listed Poseidon Nickel on Monday told said that the feasibility study estimated that the project would require a... 

Horizonte secures power contracts at 30% discount to feasibility cost

By: Mariaan Webb     21st November 2022 Dual-listed Horizonte Minerals has entered into long-term power purchase agreements (PPAs), thereby securing renewable power at a low cost for its Araguaia nickel project, in Brazil. The PPAs have been awarded to a subsidiary of a global AAA rated energy company and Brazilian energy firm Casa... 

Sedibelo Platinum will now have wind power as well as solar and smelterless technology  

By: Martin Creamer     18th November 2022 Latest news from Sedibelo Platinum Mines in North West province is that the company’s Pilanesberg platinum mines situated in the Bushveld Complex, 207 km west of Johannesburg, will not only have abundant solar power on site plus a world-first smelterless processing technology that consumes 82% –... 

Pallinghurst Group managing partner and cofounder Arne Frandsen.
Pallinghurst's Arne Frandsen interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Eramet's New Caledonia nickel business seeks help with new cash crunch

By: Reuters     18th November 2022 SLN, the New Caledonian nickel producer controlled by French mining group Eramet, is seeking help from a court-appointed expert to lead talks with stakeholders as it faces a cash squeeze from production setbacks and soaring costs, it said on Friday. SLN has for years tried to improve... 

Canada 'very unlikely' to join OPEC-like group for nickel - govt source

By: Reuters     18th November 2022 Canada has not committed to establishing an OPEC-like organisation for nickel-producing countries with Indonesia and is "very unlikely" to participate in any such group, a Canadian government source familiar with the discussions said on Thursday. Indonesia proposed talks with Canada to establish... 

GM aims to lower EV battery cost, locks up supply deal with Vale

By: Reuters     18th November 2022 General Motors aims to slash the cost of electric vehicle battery cells and has added Vale to its growing roster of battery material suppliers as the automaker girds for increasing EV competition beyond 2025, GM said on Thursday. Brazilian mining giant Vale will supply GM with battery-grade... 

Sumitomo Metal aims to boost battery materials output

By: Reuters     17th November 2022  Japan's Sumitomo Metal Mining  aims to increase its capacity to produce cathode battery materials and to broaden its range of products to meet rising demand from the electric vehicle (EV) sector, its president said on Thursday. The company, which supplies the nickel-cobalt-aluminium (NCA)... 

Pacific targets production at Kolosori in 2023

By: Esmarie Iannucci     17th November 2022 ASX-listed Pacific Nickel is readying for first direct shipping ore (DSO) production from its Kolosori project, in the Solomon Islands, by mid-2023. The company noted that the recent granting of the mining lease now allows Pacific Nickel to progress key steps to achieve commercial shipment of... 

Volatility reigns as nickel plunges after rising 40% in two weeks

By: Reuters     17th November 2022 Nickel fell as much as 11.6% on Wednesday in volatile and illiquid trade as a rally in which prices of the stainless steel ingredient rose 40% in just two weeks came to a juddering halt. Traders blamed low liquidity for the volatility, the most severe since March. The London Metal Exchange... 

Wyloo expands in Canada with nickel exploration property acquisition

By: Mariaan Webb     17th November 2022 Privately owned Australian firm Wyloo Metals, which earlier this year bought Noront Resources for its high-grade nickel deposits in the Ring of Fire district of Ontario, is expanding in Canada, with its eye on nickel and copper in the Grenville region of Quebec. Wyloo this week announced the... 

Top green hydrogen/fuel cell collaboration boost for platinum-group metals 

By: Martin Creamer     16th November 2022 A joint development agreement struck between global majors Nel Hydrogen US and General Motors is expected to speed up the development of green hydrogen technology that is competitive with fossil fuels.  The aim of agreement is to help accelerate the industrialisation of Nel’s proton exchange... 

Green hydrogen and fuel cell collaboration announced by Nel and General Motors of the US.
Green hydrogen and fuel cell collaboration announced by Nel and General Motors of the US.

Swedish miner Boliden ups emissions goal

By: Reuters     15th November 2022 Swedish mining and smelting group Boliden on Tuesday raised its goal to cut emissions of climate-warming gases this decade in its drive towards fossil-fuel free metals production. Mining, together with industries like heavy road transportation and aviation, is a so-called hard to abate sector... 

Opinion: African minerals are critical for the green energy transition

15th November 2022 In this article, Konrad-Adenauer-Stiftung – South African Institute of International Affairs scholar Danielle Marais writes about the importance of Africa's mineral resources for the global green energy transition. 

KAS-SAIIA Scholar Danielle Marais

Tesla-backed nickel miner cuts output after waste dam leak

By: Bloomberg     15th November 2022 The troubled Goro nickel mine – one of the world’s largest deposits, which is part-owned by Trafigura Group and backed by Tesla – has been forced to reduce production to address a leak from its tailings dam. Goro, which is located in the South Pacific territory of New Caledonia, reported a... 

Tesla-backed nickel miner cuts output after waste dam leak

Oracle produces first nickel pig iron

By: Esmarie Iannucci     15th November 2022 ASX-listed Nickel Industries has produces its first nickel pic iron (NPI) from its 70%-owned Oracle nickel project, at the Indonesia Morowali Industrial Park (IMIP). The company in October reported the electrification and ignition of Oracle’s first rotary kiln electric furnace (RKEF) lines, and... 

China has links to dozens of Canadian miners tied to critical minerals

By: Bloomberg     14th November 2022 China has built up stakes in more than two dozen Canadian mining companies, including some of the industry’s biggest names. Canada’s latest crackdown on foreign investments in critical minerals is about to put a chill on such activity. At least 27 public companies including Teck Resources,... 

China has links to dozens of Canadian miners tied to critical minerals

Oz Minerals' West Musgrave plans progress

By: Esmarie Iannucci     14th November 2022 Copper miner Oz Minerals on Monday announced that a mixed hydroxide precipitate (MHP) project study at the West Musgrave project, in Western Australia, had confirmed the technical and commercial opportunity of producing a high quality and high grade MHP product, and the potential for significant... 

Copper near 5-month high on hopes Fed could slow rate-hike pace

By: Reuters     11th November 2022 Copper prices climbed on Friday to their highest in nearly five months, as US inflation data bolstered hopes for a slower pace of interest rate hikes in the world's largest economy that would support industrial metals demand. The softer-than-expected data also sent the dollar sharply lower... 

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