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Pt 1004.26 $/oz Change: -2.23
 

Nickel News

Crowflight names new CFO

By: Liezel Hill     26th May 2008 TSX Venture Exchange-listed exploration and development company Crowflight Minerals has appointed Anna Ladd as the company's new CFO.  

Mexico's biggest new gold mine may get even bigger  

By: Liezel Hill     21st May 2008 Canadian gold-miner Goldcorp, which will own and operate the three biggest gold mines in Mexico by 2010, is studying a number of optimisation possibilities for the third, and largest, of the three - its $1,5-billion Penasquito project. The company expects to have some answers on the viability of... 

Canadian Royalties gets permitting go ahead for Quebec nickel project

By: Liezel Hill     21st May 2008 TSX-listed Canadian Royalties has been awarded an environmental certificate of authorisation for its Nunavik nickel project, in Quebec, Canada, approving the start of construction and development of the mine, the firm announced on Wednesday. Nunavik, which is targeting output of 30-million pounds... 

Lundin sells stake in Swedish zinc/copper project

By: Liezel Hill     16th May 2008 TSX Venture Exchange-listed Gold-Ore Resources has agreed to buy Lundin Mining's 90% interest in the Norrliden base- and precious-metals deposit from Lundin Mining, the company said on Friday. Gold-Ore will make a one-time payment of 3-million shares for the 90% interest in Norrliden and... 

Lundin mulls options for Russian zinc prospect

By: Liezel Hill     15th May 2008 Base-metals miner Lundin Mining is “looking at all alternatives” regarding its 49% stake in the Ozernoe zinc deposit, in Russia, president and CEO Phil Wright said on Thursday. Work on the feasibility study was “slow going” and certain project deadlines and governing... 

Demand for Africa’s minerals to underpin AEL’s growth 

By: Matthew Hill     15th May 2008 Explosives manufacturer AEL,a subsidiary of JSE-listed AECI, forecast revenue of R1-billion from African countries excluding South Africa, it said on Thursday. The global commodities boom has sparked a new rush for the continent's minerals, pushing up demand for the firm's products. 

FNX Mining posts lower earnings after nickel prices decline

By: Liezel Hill     8th May 2008 Toronto-based base-metals miner FNX Mining Company reported first-quarter net earnings of C$24,06-million, compared with C$30,19-million a year earlier, after new production from its Podolsky mine failed to offset the effects of lower nickel prices. The average realised price for nickel during... 

Kiwara adds iron-ore targets to Zambia JV

By: Matthew Hill     8th May 2008 Zambia-focused exploration company Kiwara will pay its partner in the country, LM Engineering, $100 000 to add iron-ore targets to their joint-venture (JV) in the Kalumbila area. The Aim- and JSE-listed Kiwara said that historic work showed an iron-ore resource, with a Yugoslavian company having... 

Xstrata coal output declines, chrome and copper rise

6th May 2008 Diversified miner Xstrata Resources produced 4% less coal during the first quarter of this 2008 than in the same period a year earlier, largely as a result of heavy rains and flooding at its Australian operations. The group produced 18,5-million tons of coal during the quarter, after thermal coal... 

Norilsk Q1 nickel output up 22%

By: Liezel Hill     30th April 2008 The world's biggest producer of nickel and palladium, Norilsk Nickel, increased its first quarter nickel production by 22% year-on-year, to 74 572 t of saleable nickel, the firm said on Wednesday.  

Vale sees potential to double output at Goro nickel project

By: Liezel Hill     25th April 2008 Brazilian resources and logistics group Companhia Vale do Rio Doce believes there is a potential for an expansion to double the capacity at its 60 000 t/y Goro nickel project, in New Caledonia, investor relations director Roberto Castello Branco said on Friday.  

Vale output sets new records, but profit falls on nickel prices, derivatives loss

By: Liezel Hill     25th April 2008 Brazilian resources and logistics group Companhia Vale do Rio Doce shipped record levels of iron-ore, pellets, aluminium, alumina, cobalt and platinum group metals in the first quarter of 2008, but posted net earnings of $2,02-billion for the three months, a decline of 8,8% year-on-year.  

Rusal buys 25% stake in Norilsk

By: Liezel Hill     24th April 2008 Aluminium giant Rusal has completed the acquisition of a 25% stake, plus on share, in the world's biggest producer of nickel and palladium, Norilsk Nickel. 

Albidon appoints advisor to assess 'opportunites'

By: Liezel Hill     23rd April 2008 Aim- and ASX-listed Albidon has appointed the Royal Bank of Canada (RBC) to help the company “assess potential corporate opportunities and progress its ongoing growth strategy”, the nickel and uranium junior said on Wednesday. 

Nickel market expected to stabilise in '08 - Norilsk

By: Matthew Hill     21st April 2008 The nickel market will begin to stabilise in 2008 as speculators move away, after a highly volatile environment last year, the biggest producer of the metal, used to make stainless steel, said on Monday. Russian giant Norilsk Nickel general director Denis Morozov said that the firm had exported... 

Nickel, uranium explorer in 20% concentrator capacity upgrade

By: Creamer Media Reporter      18th April 2008 Aim-listed nickel and uranium explorer Albidon is spending $2,5-million to upgrade its Munali concentrator in Zambia.The expenditure will increase nickel production by 20%, which means an increase to 10 500 t/y of nickel of concentrate. 

Anglo American sees commodities growing 4% to 5% for next ten years

By: Matthew Hill     15th April 2008 Diversified resources company Anglo American on Tuesday said that it anticipated that demand for most key commodities would grow at a rate of from 4% to 5% for the next decade, driven by China, India, and other developing economies. "We remain very positive on copper, bulk commodities,... 

JSE is ‘sophisticated’ attraction for African metals explorer

By: Dennis Ndaba     11th April 2008 Aim-listed mining and exploration company, Kiwara, says its recent listing on the JSE will enable the company to gain direct access to the South African investment community, which, it believes is “sophisticated and understands the business that the company is in”. 

Zimbabwe nickel project at full steam

By: Guy Copans     11th April 2008 Pan African resources company Mwana Africa decided to press ahead with its Hunter’s Road nickel project in Zimbabwe, following the improved outlook for nickel price since April last year, says Mwana Africa technical director Ken Owen.  

Vedanta Resources CEO to retire

4th April 2008 LSE-listed base-metals producer Vedanta Resources has appointed Mahendra S Mehta as CEO from September 30, when the group's current chief, Kuldip K Kaura, will retire.  

JSE exploration newcomer sets sights on Zambia’s metals 

By: Matthew Hill     3rd April 2008 Copper and uranium hopeful Kiwara - the second Aim-listed miner to take up a primary listing in Johannesburg this week - plans to complete a prefeasibility study and a feasibility study of targets in Zambia during the next two years, and could be producing in 2010, CE Peter Vivian-Neal said after... 

Jubilee to take bigger stake in Tjate project

By: Matthew Hill     2nd April 2008 Aim- and JSE-listed platinum exploration and development company Jubilee Platinum said on Wednesday that South Africa's government had given it the thumbs up to further elevate its stake in its flagship Tjate project in Mpumalanga, of which it would now own 63%. The Department of Minerals... 

Explorer Kiwara to list in Johannesburg

By: Liezel Hill     28th March 2008 Aim-listed exploration and development company Kiwara plc plans to list on JSE on April 3, the company announced on Friday.  

FNX sticks to its knitting, but keeps an eye out for potential targets

By: Liezel Hill     27th March 2008 Toronto-based FNX Mining would continue to prioritise its internal operations and pipeline of prospects, but would not discount the possibility of acquisitive growth, chairperson Terry MacGibbon said on Thursday. The company, which produces nickel, copper, platinum-group metals, gold and cobalt... 

Norilsk's Breese to head gold-miner GBS

By: Liezel Hill     26th March 2008 TSX-listed gold-miner GBS Gold International has appointed Peter Breese as president and CEO, effective August 1, the company said on Wednesday. Breese was the COO of nickel-miner LionOre Mining International when it was acquired by Norilsk Nickel, and currently heads the group's... 

Engineering continues on Guatemala nickel project, despite funding delay

By: Liezel Hill     20th March 2008 Engineering, procurement and construction management firm Hatch was continuing to work on the detailed engineering for the Fenix ferronickel project, in Guatamala, while the project's owner, Vancouver-based Skye Resources, kept a weather eye open for signs of improvements in the credit... 

More than half of SA’s mines yet to lodge additional power requests - Eskom

By: Matthew Hill     20th March 2008 State-owned power utility Eskom, currently grappling with a national electricity shortage, wants to reveal exactly where the extra 5% power it is allocating to the mining industry is going, but it is up to the customers, a spokesperson said. However, has yet to receive all the information that it... 

Lundin Mining reports $436m Q4 loss after impairment charges

By: Liezel Hill     19th March 2008 Base-metals miner Lundin Mining has posted a net loss of $436,6-million, after noncash impairment charges of $491,9-million. The charges related to its merger with EuroZinc Mining and the acquisition of Rio Narcea Gold Mines. 

Norilsk extends deadline for sale of Polyus stake

By: Liezel Hill     19th March 2008 The world's biggest producer of nickel and palladium, Norilsk Nickel, has postponed a deadline for offers from prospective buyers of its 1% shareholding in Russian gold-miner Polyus Gold. 

Mega mergers may mean more assets up for sale

By: Liezel Hill     18th March 2008 The mooted combinations of mining giants BHP Billiton and Rio Tinto, and Companhia Vale do Rio Doce and Xstrata, would likely result in several relatively smaller planned and producing mines becoming available to prospective buyers, the head of Canadian miner HudBay Minerals said on Tuesday. The... 

Strong Canadian dollar, rising costs bite into HudBay earnings

By: Liezel Hill     18th March 2008 Canadian miner HudBay Minerals reported net earnings of C$227,1-million for 2007, compared with C$564-million a year ago, after increased production and higher metals prices failed to offset the effects of a surging Canadian dollar and higher operating costs. The company also attributed the... 

Dwyka made ‘solid progress' in first half

By: Olivia Soraya Spadavecchia     14th March 2008 Aim- and ASX-listed Dwyka said on Friday that it had made "solid progress" with all its strategic and operational objectives during the half-year, with exploration work starting on the Muremera nickel project, in Burundi, in conjunction with its partners BHP Billiton. To date BHP... 

Australia will be first to excel at mining ocean floor for gold, copper, top Canadian professor predicts

By: Irma Venter     14th March 2008 Did Jules Verne know something the rest of the world is only waking up to now? In 1870, Verne wrote in Twenty Thousands Leagues Under The Sea that "in the depths of the oceans there are mines of zinc, iron, silver and gold that would be quite easy to exploit". 

Norilsk wins auction for large Russian deposit

By: Liezel Hill     13th March 2008 The world's biggest producer of nickel and palladium, Norilsk Nickel, plans to conduct geological work with BHP Billiton on a big nickel, copper and platinum-group metals (PGMs) deposit, in Siberia, the company said on Thursday. Norilsk won an auction for the right to explore and mine the... 

Norilsk Nickel to sell 1% stake in Polyus Gold

By: Liezel Hill     11th March 2008 The world's biggest producer of nickel and palladium, Norilsk Nickel, has invited offers for a 1% stake in Polyus Gold, or about 1,9-million shares in the gold producer. 

Africa-focused explorer makes leadership changes

By: Matthew Hill     7th March 2008 Aim-listed nickel and uranium explorer Albidon has appointed geological engineer John Shaw as deputy chairperson, and that he will become chairperson in May, it announced on Friday. Dick Potts said previously that he would step down as chairperson of the Africa-focused firm at its annual general... 

Botswana’s Tati gets third crane for nickel expansion

By: Guy Copans     7th March 2008 Crane and hoist company Condra is to deliver a 145t maintenance crane at the end of April for Tati Nickel’s Activox expansion project at Phoenix Mine, Botswana. 

Pitchford's African Minerals to buy Canadian explorer

By: Liezel Hill     6th March 2008 Aim-listed African Minerals, which is headed by former African Platinum and Zimbabwe Platinum CEO Roy Pitchford, has agreed to buy Canadian explorer White River Resources for £2,36-million in shares, the company announced on Thursday. 

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