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Nickel News
Blackstone planning Vietnam nickel production from 2025
By: Esmarie Iannucci 1st March 2022 A prefeasibility study for the Ta Khoa nickel project (TKNP), in Vietnam, has estimated that the project could produce some 151 000 t of nickel over its 9.2 year mine life. ASX-listed Blackstone Minerals, which holds a 90% interest in TKNP, this week noted that first production is earmarked for... →
Study ranks Ivanplats’ Platreef as one of the largest PGM-producing mines in the world 
By: Darren Parker 28th February 2022 TSX-listed Ivanhoe Mines’ South African subsidiary Ivanplats and its partners have announced “outstanding” positive results of an independent feasibility study for the company’s tier-one Platreef palladium, rhodium, nickel, platinum, copper and gold project in South Africa. The feasibility study... →
Vale expects Russia-Ukraine conflict to affect price of nickel, pellets
By: Reuters 25th February 2022 Executives of miner Vale said on Friday that Russia's invasion of Ukraine has led to speculation in the price of nickel, and they expect the conflict to also influence the price of iron ore pellets. Shares of the miner were falling 1.5% in Sao Paulo after the company posted fourth-quarter... →
Vale maintains 'positive' outlook for iron-ore, nickel prices
By: Reuters 25th February 2022 Brazilian miner Vale on Thursday said it maintained "positive" expectations for the price of iron ore and nickel in the long term, two of its key products, after reporting quarterly earnings that beat analyst expectations. "Our outlook for iron ore remains positive, given the recovery of the... →
Eramet sees high metal prices sustaining earnings this year
By: Reuters 24th February 2022 Eramet said on Wednesday that high metal prices are likely to continue to drive earnings this year after a surge in the French nickel and manganese miner's core earnings in 2021. Eramet's full-year earnings before interest, tax, depreci →
Mining industry progressing with energy transition to zero-emissions mines
By: Schalk Burger 23rd February 2022 Energy and mining industry experts this week detailed how the mining industry is grappling with the technical challenges of transitioning existing, and preparing new, operations to become more efficient and integrating renewable energy sources to, eventually, facilitate net-zero emissions from... →
Biden announces investments to shore up key critical mineral supplies
By: Mariaan Webb 23rd February 2022 US President Joe Biden on Tuesday announced several investments in the domestic production of key critical minerals and materials, as the country moves to break its dependence on China and secure a ‘Made in America’ supply chain. In a White House statement, Biden announced that MP Materials had... →
Zimbabwe’s State-owned miner selected to revive steel firm
By: Bloomberg 23rd February 2022 Zimbabwe has selected Kuvimba Mining House, a State-owned company, which has been shrouded in controversy, to revive one of the continent’s largest steel mills. The miner, which already has vast interests in gold and nickel, has been picked as the “investment partner” to breath new life into the... →
USGS finalises 2022 list of 50 ‘critical minerals’
By: Creamer Media Reporter 23rd February 2022 The United States Geological Survey (USGS) has published its final list of 50 mineral commodities critical to the US economy and national security, updating the 2018 list that contained fewer commodities. New additions to the list include nickel and zinc, while helium, potash, rhenium and... →
Vale puts Sudbury nickel mine back in production
By: Mariaan Webb 23rd February 2022 The Totten mine, in Sudbury, Canada, has resumed operations and is ramping up production, following six-month shutdown. In September last year, a scoop bucket became lodged in the main shaft, trapping 39 workers. At the time, all the underground workers were safely returned to surface using a... →
Blencowe expanding its battery metals project holdings in Uganda
By: Darren Parker 22nd February 2022 London-listed mineral exploration and development company Blencowe Resources has entered into an agreement to acquire the Akelikongo nickel sulphide and copper project in Uganda from joint venture (JV) partners Sipa Resources and Rio Tinto. The JV was formed in 2018 when Rio Tinto agreed to spend... →
Ardea sets A$21.5m raising target
By: Esmarie Iannucci 22nd February 2022 Battery metals developer Ardea Resources will raise A$21.5-million through a share placement to fund exploration and feasibility work in Western Australia. The company on Tuesday announced that it had received firm commitments from professional and sophisticated investors for the placement of... →
Western Areas lowers production, rides nickel price
By: Esmarie Iannucci 22nd February 2022 Takeover target Western Areas has warned of lower full-year production expectations and higher costs as a result of Covid-related productivity issues, however, higher nickel prices are expected to soften the blow. The miner on Tuesday reported sales revenue of A$182-million for the six months... →
London nickel hits highest in over a decade as supply tightens
By: Reuters 21st February 2022 London nickel prices rose on Monday to their highest in more than a decade, boosted by low inventories, while investors were cautious over the Ukraine tensions. US President Joe Biden and Russian President Vladimir Putin have agreed in principle to a summit over Ukraine, the French leader said,... →
Lundin’s free cash flow tops $1bn
By: Mariaan Webb 18th February 2022 Canadian base metals miner Lundin Mining took advantage of the favourable price environment in 2021, setting several all-time financial records. The company on Thursday announced all-time high earnings of nearly $880-million, adjusted earnings before interest, tax, depreciation and amortisation... →
Nickel prices at 3-1/2-week high on Russian supply angst, low stocks
By: Reuters 18th February 2022 Nickel prices rose on Friday to their highest levels in three-and-a-half weeks after the market was bolstered by lower inventories and as the prospect of sanctions on Russia, a major producer of the metal, exacerbated concerns of reduced supply. Three-month nickel on the London Metal Exchange... →
Nickel Mines takes initial stake in Oracle
By: Esmarie Iannucci 18th February 2022 ASX-listed Nickel Mines has completed the acquisition of an initial 10% interest in the Oracle nickel project, currently under construction within the Indonesia Morowali Industrial Park in Central Sulawesi, Indonesia. Nickel Mines in December has inked a definitive agreement with partner... →
Cobalt powerhouse doubles down on nickel
By: Bloomberg 17th February 2022 Specialty metals refiner Umicore is enjoying record profits as battery materials boom, but the company is racing to avert a slowdown in sales as its cobalt-heavy chemicals fall out of favor with carmakers. The Brussels-listed company, which has been refining cobalt for more than 100 years, says... →
Mysterious deep-ocean creatures may help combat climate change
By: Bloomberg 17th February 2022 As the deep ocean faces growing peril from climate change, seabed mining and other threats, scientists have discovered that seafloor sediments are home to vast populations of previously unknown organisms that may play a crucial role in carbon sequestration and marine food webs. When researchers... →
IGO and Wyloo join forces on nickel processing
By: Esmarie Iannucci 17th February 2022 ASX-listed IGO will partner with Andrew Forrest’s Wyloo Metals to evaluate opportunities for downstream nickel processing in Australia, as Wyloo commits to support IGO’s bid for fellow-listed Western Areas. The agreement will see IGO and Wyloo Metals conduct a study, funded 70:30 by IGO and... →
South32 reports stellar first half, advances work at Hermosa
By: Esmarie Iannucci 17th February 2022 Diversified miner South32 has reported a 1 847% increase in profits after tax for the half-year ended December, along with record operating margins. Profits after tax for the first half of 2022 reached $1.03-billion, up from the $53-million reported in the first half of 2021, with underlying... →
First Quantum in solid cash flow generation phase
By: Mariaan Webb 16th February 2022 Canada’s First Quantum Minerals on Tuesday reported strong year-end financial results, as its operations continue to demonstrate resilience in dealing with the challenges brought on by the Covid-19 pandemic and new variants as they emerge. The copper miner reported earnings of $832-million, or... →
Sumitomo Metal Mining to spend big to boost output of nickel, battery materials
By: Reuters 16th February 2022 Sumitomo Metal Mining Co said on Tuesday it will triple its capital expenditure over the next three years to boost its output capacity of nickel and cathode materials used in batteries. The Japanese miner and smelter plans to spend 494-billion yen ($4.3-billion) in capital expenditure, excluding... →
It’s records all round for Glencore in ‘terrific’ 2021 
By: Martin Creamer 15th February 2022 2021 was a terrific year for the company, Glencore CEO Gary Nagle said on Tuesday, when he reported record earnings before interest tax depreciation and amortisation (Ebitda) of $21.3-billion, a record marketing performance Ebit of $3.7-bilion, and a record industrial business performance of... →
Glencore provides further support to Minnesota-focused PolyMet
By: Mariaan Webb 15th February 2022 TSX- and NYSE American-listed PolyMet Mining has entered into a subscription agreement for the issuance of unsecured convertible debentures of up to $40-million with commodities major Glencore. The funds would provide the company with the resources needed to work through remaining litigation and... →
Glencore’s earnings rocket 84% to $21.3bn
By: Martin Creamer 15th February 2022 Diversified mining and marketing company Glencore on Tuesday announced 84% higher financial results for the year, with earnings before interest tax depreciation and amortisation (Ebitda) rising to $21.3-billion. Looking forward, Glencore CEO Gary Nagle said the company remained focused on its... →
What conflict in Ukraine would mean for oil, gas and food
By: Bloomberg 15th February 2022 Tensions over Ukraine are entering a critical period, driving up prices of raw materials key to the global economy, and piling pressure on governments already struggling with surging inflation. The US has warned that Russia could attack its neighbor as early as this week, even though Moscow has... →
Mincor starts stockpiling ore
By: Esmarie Iannucci 15th February 2022 ASX-listed Mincor Resources has delivered a maiden parcel of high-grade nickel ore from its Northern operations at the Kambalda nickel project, to diversified miner BHP’s Nickel West Kambalda nickel concentrator. The company on Tuesday said that this marked a key milestone towards the resumption... →
Commodity prices drive BHP profits up
By: Esmarie Iannucci 15th February 2022 Diversified miner BHP has reported a 50% increase in profit for the half-year ended December, amid higher commodity prices, but has warned of cost increases in the near future. Profit from operations for the half-year reached $14.8-billion, while underlying earnings before interest, taxes,... →
Rio Tinto assembles team to explore new approaches to carbon mineralisation technology
By: Mariaan Webb 14th February 2022 Diversified major Rio Tinto will lead a team of climate innovation and research leaders to explore new approaches to carbon mineralisation technology to store carbon in solid rock form. Carbon mineralisation uses natural chemical reactions to convert captured carbon dioxide into rock and store... →
Aluminium and nickel climb on Russian supply angst
By: Reuters 14th February 2022 Aluminium and nickel prices headed towards multi-year highs on Monday due to escalating fears that reduced supplies from Russia would exacerbate existing shortages of both industrial metals. A Russian invasion of Ukraine could mean sanctions against Russian firms which include Norilsk Nickel... →
Red tape delaying R90bn investment in ready-to-go projects – Minerals Council
By: Martin Creamer 14th February 2022 Red tape is delaying investment worth R90-billion in ready-to-go mining-related projects, at a time when the South African economy is in desperate need of such projects proceeding, to create jobs and to stimulate economic growth. Projects worth R30-billion would be able to proceed if the 4... →
Weekly Commodities Market Wrap
By: Creamer Media Reporter 14th February 2022 ENERGIES - Coal continues strong although a market correction is imminent once European physical supplies are assured. The current strong physical premiums being enjoyed are likely to align back to paper market levels, especially considering that natgas, power and carbon markets were softer on... →
Green hydrogen strategy supporting development of R270bn Northern Cape pipeline
By: Martin Creamer 11th February 2022 Over the past year, the South African government has built on its successful hydrogen strategy to make major strides in positioning the country as a global leader in the green hydrogen market, President Cyril Ramaphosa stated during his State of the Nation Address. This positioning included the... →
Renault and US carmaker Rivian back moratorium on deep-sea mining
By: Reuters 11th February 2022 France's Renault and US carmaker Rivian have backed a moratorium on deep-sea mining and will exclude seabed metals from their supply chains in a blow to an industry that aims to capitalise on demand from electric vehicle and other industries. French President Emmanuel Macron has said deep seabed... →
Boliden sets extra dividend as metal price rise buoys profits
By: Reuters 11th February 2022 Swedish mining and smelting group Boliden unveiled an extra payout to shareholders on Friday as higher metal prices and record milled volumes at some of its main mines lifted earnings. The company said in a statement it was proposing an extra payment to shareholders of 15.50 Swedish crowns... →
Sherritt on earnings growth path with narrowed loss a share for FY21
By: Marleny Arnoldi 11th February 2022 Nickel and cobalt miner Sherritt International Corporation says it met its 2021 production and unit cost targets at each of its business units, despite continued sanctions against Cuba, where it is a 50% partner in the Moa project; rising input costs; and persistent Covid-19 impacts. This while... →
Republican US senator presses Energy Department on seabed mining
By: Reuters 11th February 2022 A top Republican US senator urged the US energy secretary this week to provide information on the Biden administration's strategy for domestic mining of minerals for electric vehicle batteries on the seabed floor. Seabed mining is a new industry that backers say can supply many of the metals... →
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