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Nickel News

Seafloor minerals explorer TMC confirms development, capital plan

By: Mariaan Webb     4th October 2021 The Metals Company (TMC) has sufficient cash resources to deliver on its goals in the next two years, including submitting an application to the International Seabed Authority (ISA) for its Nordi-D contract area, which contains high-grade copper, cobalt and manganese resources. The seafloor... 

Giant private mining companies getting away with no obligation to report anything publicly   

By: Martin Creamer     4th October 2021 A globally significant chrome producer operating six chrome mines and employing 7 000 people inside South Africa – with a social labour plan obligation on every mine, with tax and royalty obligations paid to the State – is permitted to operate in this country with no ongoing public disclosure... 

Creamer Media screenshot of Paul Miller taken during Zoom interview on 4 October 2021
AmaranthCX director Paul Miller interviewed on transparency by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

BHP joins EV battery alliance

By: Esmarie Iannucci     4th October 2021 Diversified miner BHP on Monday announced that it had inked a memorandum of understanding (MoU) with hybrid battery producer Prime Planet Energy & Solutions (PPES) and Toyota Tsusho Corporation (TTC) for the creation of a green electric vehicle (EV) ecosystem that will enhance sustainability,... 

Image shows BHP logo

Platinum offering good relative value as investment – Northam 

By: Martin Creamer     4th October 2021 Platinum is viewed as an investment case for the moment and is offering good relative value, says Northam Platinum CEO Paul Dunne. Palladium appears more vulnerable than platinum to vehicle production downside risks, says World Platinum Investment Council (WPIC) institutional distribution head... 

Screenshot of Paul Dunne taken during Northam presentation early 2021
Photo by Creamer Media
Northam Platinum CEO Paul Dunne

Kwinana produces first nickel sulphate – BHP

By: Mariaan Webb     1st October 2021 The Kwinana plant, south of Perth, has produced its first nickel sulphate crystals, mining major BHP announced on Friday, stating that it was an “Australian first”. The plant would produce 100 000 t/y of nickel sulphate, enough premium product to make 700 000 electric vehicle batteries each... 

An image of nickel sulphate crystals
Pure nickel sulphate

Chalice’s Goyder to retire

By: Creamer Media Reporter      1st October 2021 Dual-listed Chalice on Friday announced the retirement of long-serving chairperson and founder Tim Goyder. Goyder, who founded Chalice in 2006, has been the driving force behind the company’s growth, culminating most recently in the globally significant Julimar nickel/copper/platinum group... 

Russia submits proposed mining tax changes to the Parliament

By: Reuters     30th September 2021 The Russian government has submitted proposed changes to mineral extraction taxes (MET) for Russian metals firms from 2022 to the lower house of parliament, according to the draft proposals published on Thursday. The state budget is expected to get a boost of up to 546-billion roubles... 

Russia submits proposed mining tax changes to the Parliament

Australian resource exports set for record heights

By: Esmarie Iannucci     30th September 2021 New data from the Office of the Chief Economist has predicted that Australia’s resources and energy exports will earn a record A$349-billion for 2021-22. This forecasted earning was up from the A$310-billion reported in 2020-21, and will be driven by a strong recovery for coal and despite lower... 

Image shows container ship at Port Hedland

Sibanye-Stillwater moving to radical transparency on public tailings disclosure 

By: Martin Creamer     29th September 2021 Gold, platinum and green metals company Sibanye-Stillwater is moving towards the embrace of radical transparency when it comes to public disclosure on matters relating to tailings facilities against the backdrop of 230 significant tailings failures having taken place globally. Sibanye-Stillwater... 

Creamer Media screenshot
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Botswana sells troubled State-owned mine to Canada's Premium Nickel Resources

By: Reuters     29th September 2021 Canada's Premium Nickel Resources (PNR) will buy Botswana's defunct, State-owned BCL copper mine with a view to restarting operations within three years, Minister of Minerals, Green Technology and Energy Resources Lefoko Moagi said late on Tuesday. PNR was awarded an exclusive right to... 

Panoramic draws down Trafigura funding

By: Esmarie Iannucci     29th September 2021 Nickel developer Panoramic Resources has completed an initial $30-million draw down of its $45-million secured loan facility from Trafigura Group, to suport fist nickel/copper/cobalt shipments from the Savannah nickel project, in Western Australia. The loan facility comprises two tranches, the... 

Mantashe hopeful of turning Limpopo, North West, Northern Cape into new mining hotspots

By: Donna Slater     28th September 2021 Mineral Resources and Energy Minister Gwede Mantashe hopes to spur growth in mining hubs within Limpopo, the North West and the Northern Cape provinces with the launch of the Limpopo Mining Investment Conference, which was held on September 28. During a keynote address, he explained that the... 

Barloworld reflects on resilient group performance

By: Schalk Burger     28th September 2021 JSE-listed equipment and services company Barloworld says the group achieved a resilient performance for the 11 months to August 31, in what remains a tough operating environment. The resilient performance was driven by a robust performance from industrial equipment, together with a substantial... 

Zimbabwe asked to settle $70m debt after legal loss

By: Bloomberg     28th September 2021 Zimbabwe has been asked to settle a $70-million debt after it lost an international arbitration case over canceled nickel and platinum ventures between a private company and the State miner more than a decade ago. Companies linked to Amaplat Mauritius made the proposal in a September 15 letter to... 

Govt establishes A$2bn critical minerals loan facility

By: Esmarie Iannucci     28th September 2021 The federal government will establish a A$2-billion loan facility for Australian critical minerals projects. Prime Minister Scott Morrison said the fund would help fill finance gaps in critical minerals resources developments to get them off the ground and would help secure the vital supplies of... 

Image shows Prime Minister Scott Morrison
Photo by Bloomberg
Prime Minister Scott Morrison

Nickel falls with most metals as China power crunch spreads

By: Bloomberg     27th September 2021 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. 

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