R/€ = 19.4644 Change: 0.0359
R/$ = 17.8625 Change: 0.0623
Au 1982.44 $/oz Change: 1.99
Pt 985.84 $/oz Change: 17.25

Nickel News

Critical metals for low-carbon economy being studied across 12 universities  

By: Martin Creamer     30th March 2023 A consortium across a dozen South African universities has the spotlight on critical metals for a low-carbon future. At a time when the mining world is focused firmly on the availability of critical metals to arrest global temperature increases, South Africa’s Centre of Excellence for Integrated... 

Glencore makes strategic investment in Palladium One

By: Creamer Media Reporter      30th March 2023 Canadian exploration and development company Palladium One on Thursday announced a C$4.25-million private placement financing with a subsidiary of commodities major Glencore. Pursuant to the placement, Palladium would issue 28.35-million shares at C$0.15 each. 

LME launches sweeping plan to revive nickel contract

By: Reuters     30th March 2023 The London Metal Exchange (LME) on Thursday announced measures to revive its nickel contract after last year's trading chaos while also launching a consultation on moves to boost liquidity in electronic trading. The world's largest and oldest metals trading venue plans to work with China's... 

Australia risks losing pole position in critical minerals race

By: Reuters     30th March 2023 Australia is at risk of losing its head start in critical minerals processing because it has not yet laid down a national strategy, even as other governments are splashing out incentives to grab market share and bolster security. Supplier of nearly half of the world's lithium, Australia is also... 

US and EU near critical minerals accord to unlock US subsidies

By: Bloomberg     30th March 2023 The European Union and the US are nearing an agreement on critical minerals that would provide EU companies access to some of the massive green subsidies offered in President Joe Biden’s Inflation Reduction Act (IRA). The deal will likely be similar to an agreement the US signed with Japan this... 

Mincor puts aside guidance

By: Esmarie Iannucci     30th March 2023 Nickel miner Mincor Resources on Thursday withdrew its production guidance released earlier this month, after failing to reach an agreement with mining major BHP to amend an existing offtake agreement. The company told shareholders that Mincor has been combining ores from its Northern and... 

Mining needs truth-and-reconciliation approach to ESG, says Rifle-Shot’s Naidoo  

By: Martin Creamer     29th March 2023 Mining companies need to approach environmental, social and governance (ESG) principles on a truth and reconciliation footing and be honest about where they are on a scale of one to 10, says Rifle-Shot Performance business development director Dilley Naidoo. Naidoo, who spoke to Mining Weekly on... 

Rifle-Shot Performance Business Development Director Dilley Naidoo.
Rifle-Shot’s Dilley Naidoo interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

SPC Nickel buys into camp-scale nickel/copper opportunity in Nunavut

By: Creamer Media Reporter      29th March 2023 TSX-V-listed SPC Nickel has entered into an option agreement with Bathurst Metals, giving it the right to acquire a 100% interest in the McGregor Lake and Speers Lake properties located within the Kitikmeot region of western Nunavut. Following this transaction, SPC Nickel will control nearly 650... 

Biden tees up a supply-chain rethink with challenge to China’s EVs

By: Bloomberg     29th March 2023 Seven months after President Joe Biden signed the Inflation Reduction Act into law, the magnitude of the challenge it will be for the US to loosen China’s grip on the electric vehicle supply chain — a key objective of the legislation — is coming into sharper relief. Ford, the top US car... 

Mining necessary for green future - Minister

By: Esmarie Iannucci     29th March 2023 Federal Resources Minister Madeleine King has highlighted the significant role that the resources sector would play in global decarbonisation efforts, in a statement to Parliament. “In order to decarbonise, the world needs our resources industry and our critical minerals,” Minister King said. 

Image shows a mining haul truck

Platinum group metals can add million South African jobs plus R8-trillion to economy  

By: Martin Creamer     28th March 2023 Collaborative marketing of platinum group metals (PGMs) has the potential to add a million more South African jobs and contribute R8-trillion more to the economy as the world greens and lowers carbon intensity. The combination of green hydrogen displacing natural gas and fuel cell electric... 

Platinum group metals can boost South African jobs and economic growth.
PGM Industry Day covered by Mining Weekly’s Martin Creamer. Video editing: Darlene Creamer.

Foran closes C$100m private placement

By: Creamer Media Reporter      28th March 2023 Exploration and development firm Foran Mining has raised C$100-million in a private placement, which it will use to advance its projects in Saskatchewan. The company offered 20.27-million shares of the company at an issue price of C$3.70 a share for gross proceeds of C$75-million, as well as... 

Palladium One makes new nickel/copper discovery

By: Mariaan Webb     28th March 2023 TSX-V-listed Palladium One has announced the discovery of a new high-grade nickel/copper zone, about 3.5 km south-west of the Smoke Lake Zone on the Tyko project, in Ontario. "The discovery of another high-grade nickel/copper zone at Tyko further supports our thesis that we have a significant... 

Indonesia nickel company Merdeka Battery Materials plans $580m IPO

By: Reuters     28th March 2023 Indonesian nickel company Merdeka Battery Materials, a unit of Merdeka Copper Gold plans to raise up to 8.745-trillion rupiah ($580.29-million) in an initial public offering (IPO) in April, a prospectus published on Tuesday showed. It will be the second nickel firm in Indonesia to go public... 

South Africa will overcome its rail and electricity problems, Menar MD predicts  

By: Martin Creamer     27th March 2023 At the end of the day, South Africa will overcome its rail transport and electricity availability issues, and confidence in both Transnet and Eskom will be fully restored, Menar MD Vuslat Bayoglu predicts. “I’m confident that Transnet’s problems will be solved because South Africa’s got great... 

Menar MD Vuslat Bayoglu.
Menar MD Vuslat Bayoglu speaks to Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Rusal plans further lawsuit against Potanin over Nornickel pact

By: Reuters     24th March 2023 Aluminium giant Rusal plans to bring a further lawsuit in London against Vladimir Potanin, CEO of Nornickel, court documents show, marking the latest flare-up in relations between two of Russia's biggest metal companies. Rusal wishes to "bring certain further claims" against Potanin and his... 

Nornickel CEO Vladimir Potanin
Nornickel CEO Vladimir Potanin

Kansanshi mine pledges nearly ZK7m for supply of piped water to community

By: Marleny Arnoldi     24th March 2023 Gold and base metals miner First Quantum Minerals had advised that its Zambian subsidiary Kansanshi Mining has signed a memorandum of understanding (MoU) with Zambian water utility the North Western Water Supply and Sanitation Company (NWWSSC) for the provision of piped water to the Mushitala... 

Ministers agree to coordinate critical minerals efforts

By: Esmarie Iannucci     24th March 2023 Australia’s federal, state and territory resources and mining ministers have agreed to coordinate efforts to support the development of Australia’s critical minerals sector following a critical minerals roundtable in Perth. Resources Minister Madeleine King said on Friday that the development of... 

LME finds no further 'irregularities' in warranted nickel

By: Reuters     24th March 2023 The London Metal Exchange (LME) said on Thursday it has no reason to believe any other LME-approved facility is affected by the "irregularities" found in nine nickel warrants last week at one LME-licensed warehouse. Last week, the LME cancelled the nine warrants - documents conferring ownership... 

Huayou starts trial production at Zimbabwe lithium mine, invests in Namibian project

By: Reuters     22nd March 2023 Chinese battery minerals producer Zhejiang Huayou Cobalt said on Wednesday it had started trial production of lithium concentrates at its Arcadia mine in Zimbabwe. Huayou, one of the biggest cobalt producers in the world, acquired Arcadia from Australia-listed Prospect Resources PSC.AX and its... 

Black Swan FID due shortly

By: Esmarie Iannucci     22nd March 2023 Nickel hopeful Poseidon Nickel on Wednesday said it was on track to make a final investment decision on the restart of its Black Swan project, in Western Australia, late in the first half of 2023. Poseidon GM for mining Craig Jones told delegates at the Paydirt Battery Minerals conference that... 

Trafigura bought some LME 'nickel' that was just bags of stones

By: Bloomberg     22nd March 2023 Trafigura Group, one of the world’s biggest metals traders, was among the companies that received bags of stones from a London Metal Exchange warehouse instead of the nickel briquettes they had paid for. The amounts of money involved are small, but the issue presents a fresh headache as the... 

WA eager to maintain critical minerals status

By: Esmarie Iannucci     22nd March 2023 Western Australia is hoping to maintain its position as a major producer of critical minerals into the future. Speaking at the second day of Paydirt’s Battery Minerals conference, in Perth, Western Australian Minister for Mines and Petroleum Bill Johnston said that the government was investing... 

Image shows a hand holding rare earth ore

Panoramic extends Savannah life

By: Esmarie Iannucci     21st March 2023 Nickel miner Panoramic Resources has extended the mine-life at its Savannah project, in Western Australia. Referencing a recently released life-of-mine update, Panoramic MD Victor Rajasooriar told delegates of Paydirt’s Battery Minerals conference, in Perth, that the project now had a minimum... 

Mincor urges shareholders to hold out for higher bid

By: Esmarie Iannucci     21st March 2023 Nickel miner Mincor Resources has urged shareholders not take any action in relation to an on-market takeover from shareholder Wyloo Metals. Wyloo currently holds a 19.9% interest in Mincor, and has offered A$1.40 in cash for every Mincor share not already owned by the company, valuing the... 

Image shows ASX trading board

IGO weighing downstream nickel processing

By: Esmarie Iannucci     21st March 2023 Battery minerals major IGO is investigating the potential downstream processing of nickel to produce a cathode precursor product. Speaking at the Paydirt Battery Minerals conference, in Perth, IGO CFO Kath Bozanic said that the downstream processing option was in line with the company’s desire... 

Critical Mineral Strategy due soon - Minister

By: Esmarie Iannucci     21st March 2023 The federal government is hoping to deliver its new Critical Minerals Strategy in the first half of this year, Resources Minister Madeleine King told delegates at the first day of the Paydirt Battery Minerals Conference. It is envisioned that the Strategy would focus on the government’s vision... 

Safety environment that almost guarantees that people come first is a must, says Naidoo  

By: Martin Creamer     20th March 2023 Mine safety is absolutely essential. Stopping injury and fatality in mines just has to happen. How can South Africa achieve the zero harm that is needed? This was Mining Weekly’s opening question to Dilley Naidoo, the director of business development at Rifle-Shot Performance. (Also watch... 

Mining is striving for zero harm.
Rifle-Shot Performance's Dilley Naidoo interviewed by Mining Weekly's Martin Creamer. Video and Video Editing: Darlene Creamer.

LME finds some nickel underlying its contracts is missing

By: Bloomberg     20th March 2023 The London Metal Exchange has discovered bags of stones instead of the nickel that underpinned a small handful of its contracts at a warehouse in Rotterdam, in a revelation that will deliver another blow to confidence in the embattled exchange. The amount of metal represents just 0.14% of live... 

LME finds some nickel underlying its contracts is missing

EU tags copper and nickel as strategic, but industry wants more

By: Reuters     17th March 2023 The European metals sector welcomed a move by the EU on Thursday to include copper and nickel as strategic materials for the first time and ensure speedier permits and easier access to capital, but said more could be done to secure supplies. The Critical Raw Materials Act (CRMA) unveiled by the... 

EU tags copper and nickel as strategic, but industry wants more

Vale weighs IPO of metals unit after sale of 10% stake

By: Bloomberg     16th March 2023 Vale is considering a spinoff or initial public offering of its sprawling base metals business after it completes the sale of a minority stake, according to people familiar with the situation. The Brazilian mining giant is in talks to sell a 10% stake in the unit and expects final bids in that... 

Côte d'Ivoire's 2022 gold output up 14% to record high

By: Reuters     15th March 2023 Côte d'Ivoire produced a record high of about 48 tonnes of gold in 2022, up 14% from the previous year, a document from the Ministry of Mines, Petrol and Energy showed. Côte d'Ivoire, the world's top cocoa producer, is seeking to develop its long-neglected mining sector to diversify its revenue. 

Philippine miners not keen on Indonesia nickel alliance plan

By: Bloomberg     15th March 2023 A plan by top nickel miner Indonesia to create an OPEC-like group to coordinate supply would not benefit the Philippines, the No. 2 producer, according to an industry group. The Philippines mined a 10th of the in-demand metal that’s used in electric vehicle batteries last year, according to the... 

Banking has crucial role to play in enabling mining to transition to clean energy, says Nedbank CIB 

By: Martin Creamer     14th March 2023 The banking sector has a crucial role to play in enabling mining companies to transition to clean energy fully, says Nedbank Corporate and Investment Banking (CIB) principal for sustainable finance solutions Telvina Naidoo. “Innovative funding structures and sustainable-finance solutions can help... 

Nedbank Corporate and Investment Banking (CIB) principal for sustainable finance solutions Telvina Naidoo.
Nedbank Corporate and Investment Banking (CIB) principal for sustainable finance solutions Telvina Naidoo.

Kolosori granted export permit

By: Esmarie Iannucci     14th March 2023 Junior Pacific Nickel Mines has been given approval for the grant of the export permit for its Kolosori nickel project, on the Solomon Islands. The export permit has been approved for a period of three years, which is the maximum period an export permit for minerals can be issued, and would... 

Trafigura’s head of metals operations to leave in restructuring

By: Bloomberg     14th March 2023 Trafigura Group’s head of metals operations is leaving as part of a global restructuring of its logistics team, the latest shakeup at the trading house since it was hit by a vast alleged nickel fraud. Svetlana Kabanova, who ran operations for Trafigura’s metals trading unit, is leaving the... 

Re-pursue exploration to help re-build South Africa’s economy, says business booster   

By: Martin Creamer     13th March 2023 Let us re-pursue the exploration investment that catalysed South Africa’s economic growth more than a century ago as a means of helping to rebuild South Africa’s struggling economy. That is among the ardent messages put over by mining sector performance enhancer Dilley Naidoo, the the director of... 

Dilley Naidoo, Director of Business Development, Rifle-Shot Performance.
Rifle-Shot Performance's Dilley Naidoo interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Nornickel board rejects Rusal proposal to replace chairman - source

By: Reuters     13th March 2023 The board of Russian mining giant Nornickel has rejected a proposal by shareholder and aluminium company Rusal to replace the board's chairman, a source familiar with the matter said on Monday. Rusal had proposed replacing current chairman Andrei Bugrov from Nornickel chief executive Vladimir... 

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