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Nickel News

Nickel falls with most metals as China power crunch spreads

By: Bloomberg     Updated 1 hour 57 minutes ago Nickel declined along with most metals as China’s power crisis spread from factories to residents, adding risks to supply chains, demand and the economic recovery. Residents in several northern provinces have already been dealing with blackouts, while traffic lights are being turned off, causing... 

Vulcan Minerals, Fjordland ink deal for working interest in South Voisey Bay

By: Simone Liedtke     23rd September 2021 TSX-V-listed Vulcan Minerals has inked a binding letter of intent with explorer Fjordland Exploration, which grants Fjordland the option to acquire a 100% working interest in 30 mineral claims (750 ha) located in the South Voisey’s Bay area, Labrador. Under the terms of the agreement, Fjordland... 

Mining magnate parrying BHP bid expands stake in nickel Miner

By: Bloomberg     23rd September 2021 A bidding war for a small Canadian nickel miner is showing no signs of cooling as its largest shareholder, Australian mining magnate Andrew Forrest, took a formal step to increase ownership. Forrest’s Wyloo Metals said it notified Noront Resources to swap its $15-million convertible loan for... 

An image of the Noront exploration camp.

Mincor closes SPP early

By: Esmarie Iannucci     23rd September 2021 ASX-listed Mincor Resources has closed its share purchase plan (SPP), raising A$1.3-million more than targeted. The nickel developer earlier this month completed a A$60-million share placement, and opened an SPP targeted at raising A$5-million. 

FID for West Musgrave planned for 2022 - Oz Minerals

By: Esmarie Iannucci     22nd September 2021 Copper/gold miner Oz Minerals was expecting to take a final investment decision on its West Musgrave copper/nickel project, in Western Australia, by the second half of next year, pending progress on value uplift options. The ASX-listed company is considering further uplift opportunities to... 

IGO starts due diligence on Western Areas

By: Esmarie Iannucci     21st September 2021 ASX-listed Independence Group (IGO) has started the due diligence process for a potential takeover of nickel miner Western Areas. Western Areas last month confirmed that it was in preliminary discussions with IGO in relation to a change of control proposal, with IGO telling shareholders that... 

URU Metals starts prospecting right due diligence in Limpopo

By: Marleny Arnoldi     20th September 2021 London-listed URU Metals has appointed environmental consultancy Tshifcor Investment and Resources to conduct an environmental-impact assessment and a public participation process on South African properties prospective for nickel mineralisation. The company is working towards securing a... 

Glencore is leading transition metals major, says Deutsche Bank Research 

By: Martin Creamer     20th September 2021 Glencore is the leading major mining company when it comes to its portfolio of transition metals, says Deutsche Bank Research. The bank’s research analysts afford Glencore a top 1-to-5 position in copper, cobalt, zinc and nickel – metals they describe as being central to world’s decarbonisation... 

Screenshot of commodity revenue calculation by Morgan Stanley Research
Revenue by commodity calculated by Morgan Stanley Research

Nickel output poised for steady growth up to 2030

By: Marleny Arnoldi     17th September 2021 Research agency Fitch Solutions expects nickel mine production to grow strongly between 2021 and 2023, owing to less disruption from Covid-19 and amid a high price environment. The agency believes that output growth in the near term will be particularly driven by Indonesia, provided that it... 

An image of nickel ore being loaded.

US miners decry mineral royalty plan floated in Congress

By: Reuters     17th September 2021 US mining companies are blasting proposals in Congress that would set royalties for copper, lithium and other minerals extracted from federal land, with executives saying the measures would hurt domestic production of the building blocks for solar panels, electric vehicles and other green... 

An image of the US Capitol building

Russia may change tax for steel raw materials, fertilisers, Nornickel

By: Reuters     16th September 2021 Russia may set a new mineral extraction tax (MET) linked to global prices for the country's producers of iron ore, coking coal and fertilisers, as well as complex ore mined by Nornickel, four sources at companies familiar with talks told Reuters. Moscow has been searching for additional proceeds... 

China calls for better reporting of mineral reserves for energy security

By: Reuters     15th September 2021 China has asked local governments and major oil companies to conduct a thorough survey of their mineral reserves as it seeks to provide more "dynamic" updates on the country's mineral wealth for the sake of its energy and economic security. The Ministry of Natural Resources urged provinces,... 

Ibhubesi Capital to take majority interest in Union Atlantic

By: Donna Slater     15th September 2021 JSE-listed base and technology metals miner Union Atlantic Minerals reports that the subscription of 194.36-million shares by investment company Ibhubesi Capital, has been implemented, with Ibhubesi providing a written undertaking to pay, by no later than September 30, a deposit in escrow of... 

Resources Watch  

15th September 2021 This week: Platinum demand strengthening; Shut Nkomati Nickel has good-grade, long-life underground potential; and, Botswana copper miner Khoemacau giving attention to ESG silver lining 

Resources Watch image
Resources Watch

Talon announces high grades at Minnesota nickel project

By: Creamer Media Reporter      15th September 2021 Toronto-listed Talon Metals on Wednesday announced record grades at its Tamarack nickel/copper/cobalt project, in Minnesota, with VP for exploration Brian Goldner saying that the project could be a vital source for the US electric vehicle battery supply chain. “Grade is ‘king’ in mining, and our... 

Poseidon reports maiden resource at Silver Swan tailings

By: Esmarie Iannucci     15th September 2021 Nickel developer Poseidon Nickel has reported a 675 000 t Joint Ore Reserves Committee compliant mineral resource estimate for the Silver Swan tailings, in Western Australia. Grading at 0.92% nickel and 683 parts per million cobalt, the tailings are estimated to contain some 6 200 t of nickel... 

South Africa’s junior mining dearth result of unintended consequence – AmaranthCX  

By: Martin Creamer     14th September 2021 South Africa’s junior mining dearth is a result of savings no longer flowing through to primary capital raising and stock exchange listings, as the Jacobs Committee expected them to do. The unintended consequence is that there are no longer small investors for small companies. This has negatively... 

Creamer Media screenshot of AmaranthCX director Paul Miller taken during Zoom interview.
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Outlook for metals improves – Moody’s

By: Tasneem Bulbulia     13th September 2021 Credit rating business Moody's Investors Service’s outlook for the global metals and mining industry changed to stable from positive with high prices expected to fade out throughout 2022. In a new report covering iron-ore, steel, coal, aluminium, gold, silver, nickel, copper and zinc, Moody's... 

Horizonte secures export credit agency approval for Araguaia

By: Creamer Media Reporter      13th September 2021 Brazil-focused nickel company Horizonte Minerals has received formal credit and board approval from two export credit agencies (ECAs) for $146.2-million of the senior secured project financing facility to part fund construction of its Araguaia ferro-nickel project. The ECAs are Denmark’s AKF and... 

An image of a trial project at Araguaia in Brazil.

Broadening ESG has provided clear paths to economic benefit – Sibanye-Stillwater  

By: Martin Creamer     10th September 2021 Sustainability is not a function of compliance but rather a strategic imperative to change the role that mining plays in society and in economies, says Sibanye-Stillwater senior vice-president and head of sustainability Loyiso Ndlovu. “We do this by sticking to the knitting in being miners, and... 

Sibanye Investor Day 2021
Sibanye-Stillwater Investor Day covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Manganese, Nkomati Mine, green-hydrogen make headlines   

10th September 2021 Mining Weekly Editor Martin Creamer unpacks African Rainbow Minerals touting the possibility of an opportunity for manganese alloy production locally; the Nkomati Nickel mine could hold underground opportunity; and the three structural characteristics that South Africa has to possibly become a... 

Image of Martin Creamer
Manganese, Nkomati Mine, green-hydrogen make headlines

Lundin CEO Inkster to step down

By: Creamer Media Reporter      10th September 2021 Base metals producer Lundin Mining on Thursday announced that CEO Marie Inkster would leave the company at the end of the year for personal reasons and that Peter Rockandel had been selected as her successor. Inkster joined Lundin in 2008 and served as CFO for ten years before being appointed... 

Nickel Mines prices notes

By: Esmarie Iannucci     10th September 2021 ASX-listed Nickel Mines has completed a $150-million issuance of senior secured notes, which will mature in April 2024. The company this week told shareholders that the funds from the note issue would be used for working capital and general corporate purposes, and to bolster Nickel Mines’ treasury. 

Poseidon settles on refurbishment option for Black Swan

By: Esmarie Iannucci     9th September 2021 Nickel developer Poseidon Nickel is targeting a final investment decision on the restart of its Black Swan operation, in Western Australia, in May next year, with mill commissioning targeted for December. The company on Thursday told shareholders that outcomes of the recent scoping studies on... 

Shut Nkomati Nickel has good-grade, long-life underground potential – ARM  

By: Martin Creamer     8th September 2021 The large underground resource that remains at the shut Nkomati Nickel mine in Mpumalanga provides optionality depending on market conditions, says African Rainbow Minerals (ARM) CEO Mike Schmidt. The Nkomati mine, located near Machadodorp, has been on care-and-maintenance since March as the... 

Creamer Media screenshot of Mike Schmidt when he was presenting ARM's financial results in September 2021
African Rainbow Minerals CEO Mike Schmidt reports on Nkomati Nickel covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Noront reviewing Wyloo arrangement agreement

By: Mariaan Webb     7th September 2021 Canadian nickel junior Noront Resources on Tuesday confirmed that it had received an arrangement agreement from suitor Wyloo Metals, which outlines the terms and conditions of its C$0.70-a-share offer. Noront said that it was reviewing the arrangement agreement and stressed that the board would... 

Noront reviewing Wyloo arrangement agreement

Mincor raises A$65m for Kambalda works

By: Esmarie Iannucci     7th September 2021 Nickel developer Mincor Resources will raise A$65-million to de-risk production at its Kambalda operation, in Western Australia. The ASX-listed miner on Tuesday announced that it would place more than 46.8-million shares, at a price of A$1.28 a share, to investors under the company’s existing... 

Wyloo wants Noront directors to disclose any BHP benefits

By: Mariaan Webb     7th September 2021 Australian mining magnate Andrew Forrest's Wyloo Metals has called on the board of takeover target Noront Resources to disclose if they are afforded any benefits by diversified major BHP that will not be made available to ordinary shareholders. These include any early exercise or vesting options... 

Andrew Forrest
Andrew Forrest

Nornickel lists first ETC physically backed by carbon-neutral nickel

By: Reuters     6th September 2021 Russia's Nornickel has listed the world's first exchange traded commodity (ETC) physically backed by carbon-neutral nickel, the producer said on Monday, as it looks to attract more investors to metals needed for the global energy transition. The world's largest producer of palladium and... 

BMW orders up $24bn worth of batteries as EV demand grows

By: Bloomberg     6th September 2021 BMW has boosted orders for batteries cells to keep pace with accelerating demand for electric cars that made up for more than 11% of deliveries during the half of the year. The German carmaker now has contracts for more than €20-billion worth of batteries, up from €12-billion previously, CEO... 

Nornickel to negotiate settlement with fishery agency

By: Mariaan Webb     3rd September 2021 Palladium and nickel producer Nornickel has agreed with Russia's Federal Agency for Fishery (Rosrybolovstvo) to negotiate a potential settlement in kind of the claim filed by the agency against a subsidiary of the company. Rosrybolovstvo is claiming 58.7-billion ruble, about R805-million, for... 

Nornickel to negotiate settlement with fishery agency

Supplier keeps up with tech revolution

By: Halima Frost     3rd September 2021 Based on its BlueTechnology philosophy, metallurgical industry supplier SMS group has significantly broadened its expertise in processing, supplies and services for nonferrous metals production over the past year to meet the highest requirements of customers. “BlueTechnology in nonferrous metals... 

Three BlueSmelters supplied by SMS group in operation at Aurus automobile company in Russia for recycling of waste electrical and electronic equipment
BLUE GROUP SMS group has implemented its range of BlueTechnology offerings at a greenfield plant in Russia for the recycling of waste electrical and electronic equipment

EV push sees spike in 'ínfluencer conversations' about the issues - GlobalData

By: Tasneem Bulbulia     1st September 2021 As several countries have committed to bringing in cleaner fuelled cars in a bid to reduce dependency on fossil fuels, the demand for electric vehicles (EVs) is quickly gaining traction in automotive markets around the world. This shift towards electrification is also propelling mining and power... 

BHP stands behind its C$0.55-a-share Noront offer

By: Mariaan Webb     31st August 2021 The world’s biggest mining company BHP continues to stand behind its C$0.55-a-share offer for Canadian nickel explorer Noront Resource, but says it will consider its alternatives should a bona fide competing alternative transaction materialise. BHP chief development officer Johan van Jaarsveld... 

An image of an aeroplane landing on ice/snow.

Brazilian Nickel raises further $24.8m

By: Mariaan Webb     31st August 2021 UK-based Brazilian Nickel has completed a further equity raise of $24.8-million to fund the expansion of its existing PNP 1000 demonstration plant. PNP1000 is the initial, small scale commercial production project at the Piaui nickel project, in Brazil. The investment will be made in three... 

Silver Elephant spins out battery metals assets

By: Mariaan Webb     27th August 2021 Toronto-listed Silver Elephant Mining on Thursday announced a reorganisation of the company, spinning out its nickel and vanadium assets, as well as creating a separate battery metals royalty subsidiary. The Gibellini vanadium project, in Nevada, the Manitoba-based Minago nickel project and... 

Real-time ore analysis set for African market

By: Halima Frost     27th August 2021 Digital mining solutions provider MineSense is establishing offices in Africa and Europe to introduce its real-time ore analysis technologies to the African Copperbelt by the fourth quarter. “Once we have successfully introduced the technology to the upper Africa region, we intend on filtering... 

An image of a large red tracked front loader at the mine face with bucket full of ore ready to be graded by a ShovelSense system
Caption: GRADE EXPECTATIONS The new ShovelSense ore grading technology is expected to reach African shores before the end of the year

Testing facility expansion under way

27th August 2021 Swiss multinational metals and minerals trade commodities group SGS has seen a rising demand for testing services to meet client requirements and, to facilitate the needs of its clients, it announced the construction of its new, state-of-the-art laboratory in April this year. 

Staff at SGS Group standing in front of a site being constructed at its better testing facility in Spijkenisse near the Port of Rotterdam
BREAKING GROUND The new groundbreaking state-of -the-art facility being built by SGS Group will allow for better testing
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