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MiningWeekly.com | Mining Industry | Copper - Page 19
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R/€ = 18.0260 Change: -0.0003
R/$ = 17.1388 Change: -0.0132
Au 1786.20 $/oz Change: 0.32
Pt 1004.38 $/oz Change: -2.11
 

Nickel News

Sudbury staff to return to work next week

By: Bloomberg     4th August 2021 Vale, the world’s largest commercial producer of nickel, will start resuming operations at Sudbury in Canada after workers accepted a proposal to end a two-month strike. About 85% of members of USW Local 6500 voted in favour of Vale’s latest five-year contract offer, the union said. The two... 

Vale reaches tentative agreement with Sudbury nickel miners' union

By: Reuters     3rd August 2021 A union representing striking workers at Vale's nickel mine in Sudbury, Canada reached a tentative agreement to settle an ongoing labour dispute that saw 2 500 workers walk off their job on June 1, hitting the Brazilian miner's production. The five-year agreement, posted on the United... 

Vale reaches tentative agreement with Sudbury nickel miners' union

Blue Rhino Capital completes acquisition of Zebediela Nickel Company

By: Donna Slater     3rd August 2021 Aim-listed explorer and developer URU Metals reports that Blue Rhino Capital has completed the acquisition of the Zebediela Nickel Company – a wholly-owned subsidiary of URU. Blue Rhino has now changed its name to Zeb Nickel and will trade under the new Aim ticker symbol ZBNI upon resumption of... 

CATL's new sodium ion battery to help ease lithium shortages

By: Reuters     3rd August 2021 The development of a new sodium-ion battery by Chinese battery giant CATL is expected in the coming years to relieve pressure on lithium supplies, which are forecast to see shortages as early as 2022. As the world seeks to cut carbon emissions, partly by ramping up electric vehicle (EV) output,... 

BHP to take expansion decision at Mt Keith

By: Esmarie Iannucci     3rd August 2021 Mining major BHP is readying to take a final investment decision on the expansion at its Mt Keith concentrator, in Western Australia, at the end of the financial year. BHP Nickel West asset president Eduard Haegel told delegates at the Diggers & Dealers conference, in Kalgoorlie, that the... 

Image shows BHP's logo.

IGO open to more acquisitions

By: Esmarie Iannucci     2nd August 2021 ASX-listed Independence Group (IGO) is still open to nickel, copper and cobalt acquisitions, MD and CEO Peter Bradford said on Monday. Speaking on the sidelines of the Diggers & Dealers conference, he said that the company would evaluate potential acquisition opportunities on a range of... 

Poseidon sets A$25m raising target

By: Esmarie Iannucci     2nd August 2021 Nickel developer Poseidon Nickel on Monday unveiled a A$25-million capital raise to fund the start of operations at its Black Swan project, in Western Australia. The ASX-listed company has received commitments to place 200-million new shares, at a price of 11c each, to existing and new... 

Russia mulls pegging tax on mining firms to global metals prices - Interfax

By: Reuters     30th July 2021 Russia is considering pegging a mineral extraction tax (MET) levied on its metals producers to the global price of their products from 2022, the Interfax news agency reported on Friday, citing Deputy Finance Minister Alexei Sazanov. Moscow has been trying to protect its defence and construction... 

Sibanye advances battery metals strategy with acquisition of French nickel refinery  

By: Marleny Arnoldi     30th July 2021 Precious metals miner Sibanye-Stillwater has taken the next step in expanding its footprint in the battery metals sector by entering into an exclusive put option agreement with French mining group Eramet to acquire the Sandouville nickel hydrometallurgical processing facility, in France, for... 

Nickel ore

Western Areas unveils ten-year production plans

By: Esmarie Iannucci     30th July 2021 Nickel miner Western Areas has unveiled production plans for the next decade. In the 2022 financial year, the miner expects to produce between 16 000 t and 17 000 t of nickel in concentrate at unit costs of between A$4.25/lb and A$4.65/lb. 

BHP adds solar panels to nickel ops

By: Esmarie Iannucci     30th July 2021 Diversified miner BHP on Friday reported that it would build two solar farms and a battery storage system to help power the Mt Keith and Leinster nickel operations. The Northern Goldfields solar project would include a 27.4 MW solar farm at Mt Keith and a 10.7 MW solar farm and 10.1 MW battery... 

Anglo on trajectory towards becoming minerals solutions provider  

By: Martin Creamer     29th July 2021 Diversified mining and marketing company Anglo American, which shot the lights out on Thursday with the presentation of an all-time record set of half-year results, is on its way to becoming a minerals solutions provider rather than a digger of holes. The London- and Johannesburg-listed Anglo is... 

Picture for presentation of results July 2021
Anglo American results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

World-beating Anglo reports record half-year earnings of $12.1bn 

By: Martin Creamer     29th July 2021 Diversified mining company Anglo American on Thursday reported a record half-year financial performance in its position as the best of the world’s top-five global mining companies. Anglo calculates that its elevated global position is poised to continue, assisted by its superior depth, breadth... 

Picture from Anglo American
Anglo American CEO Mark Cutifani

Power Metal exercises option to acquire Tati gold/nickel project in Botswana

By: Tasneem Bulbulia     28th July 2021 Aim-listed Power Metal Resources has exercised its option to acquire a 100% interest in two gold/nickel exploration licences located within the Tati Greenstone Belt, near Francistown, Botswana, through its local wholly owned operating subsidiary Power Metal Resources Botswana. "The Tati... 

Bluejay to sell Finnish assets to dedicated battery metals firm

By: Mariaan Webb     28th July 2021 Greenland-focused explorer and developer Bluejay Mining has announced the proposed sale of two projects in Finland to a dedicated battery metals group in which it will become a significant shareholder. Bluejay has signed a binding term-sheet and entered into a conditional agreement for the sale... 

Nova beats IGO expectations

By: Esmarie Iannucci     28th July 2021 Metals miner Independence Group (IGO) has reported a strong finish to its 2021 financial year, with the Nova base metals project, in Western Australia, delivering above expectations. During the quarter ended June, Nova produced 7 88 7 of nickel and 3 538 t of copper, taking full year production... 

BHP outbids Wyloo with C$325m cash offer for Noront

By: Mariaan Webb     27th July 2021 Diversified major BHP on Tuesday announced a recommended cash offer for Canadian nickel developer Noront Resources, outbidding Australian mining magnate Andrew Forrest’s Wyloo Metals. The offer of C$0.55 a share valued Noront, which is active in Ontario’s Ring of Fire cluster, at C$325-million.... 

BHP outbids Wyloo with C$325m cash offer for Noront

Jervois to buy Finland cobalt refining business for $160m

By: Mariaan Webb     27th July 2021 Dual-listed Jervois on Tuesday announced that it would by Finland-based Freeport Cobalt in a $160-million deal, creating a pathway to transform the company into the second-largest producer of refined cobalt outside China. Freeport Cobalt is the cobalt refining and speciality products business... 

An image showing a refinery in Finland.
Freeport Cobalt has contractual rights to about 40% of the capacity of the Kokkola refinery (pictured), in Finland.

Nickel nears seven-year high with metals rising on demand bets

By: Bloomberg     27th July 2021 Nickel rose for a third straight session, approaching a seven-year high on booming demand for the metal used in stainless steel and electric-vehicle batteries. Copper advanced the most in more than two months. Nickel gained as much as 2.1% to $19 780 a ton. It reached $20 110 in February, the... 

Scoping study prices up Black Swan refurbishing

By: Esmarie Iannucci     27th July 2021 A scoping study into the refurbishment and operation of two processing plant configurations at the Black Swan nickel project, in Western Australia, has estimated a capital cost of between A$13.4-million and A$22.1-million. ASX-listed Poseidon nickel told shareholders that the scoping study... 

IGO acquires Silver Knight

By: Esmarie Iannucci     27th July 2021 ASX-listed Independence Group (IGO) has struck a A$45-million transaction agreement to acquire the Silver Knight nickel/copper/cobalt sulphide deposit, in Western Australia. IGO on Tuesday announced that it had entered into a binding agreement with entities owned and controlled by Mark Creasy to... 

Anglo Platinum evaluating multiple renewable energy forms  

By: Martin Creamer     26th July 2021 As a result its geographic distribution across South Africa, the Anglo American group is collectively evaluating options to access multiple forms of renewable energy, Anglo American Platinum (Amplats) CEO Natascha Viljoen said on Monday. The JSE-listed company has already completed the design and... 

A side view of the Amplats CEO during the July 2021 results presenetation.
Anglo American Platinum presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Blackstone's downstream dreams solidified

By: Esmarie Iannucci     26th July 2021 A downstream prefeasibility study (PFS) into upgrading nickel sulphite concentrate into battery grade nickel has proven positive for ASX-listed Blackstone Minerals. Blackstone on Monday noted that the PFS into a refinery at Ta Khoa, in Vietnam, has estimated that the project would require a... 

Metals make climate change mitigation possible – Citi Research 

By: Martin Creamer     23rd July 2021 In a rapid electrification scenario, metals have the ability to bring about the reduction of close to 1 000 gigatonnes (Gt) of global greenhouse gas (GHG) emissions by 2050, Citi Research states in a note that examines the metals industry’s potential contribution to climate change mitigation over... 

A graphic compiled the Citi Research on the fast and moderate way of meeting the Paris climate change accord.
Complying with the Paris agreement on climate change mitigation.

Western Areas finishes strong

By: Esmarie Iannucci     23rd July 2021 Nickel miner Western Areas has reported a strong June quarter, with production and sales volumes increasing. Total nickel mined during the three months to June rose to 4 911 t, up from the 4 236 t produced in the March quarter, while total nickel in concentrate increased from 4 267 t to 4 622 t... 

Company provides custom service packages

By: Nadine Ramdass     23rd July 2021 Explosives and blasting services provider BME Indonesia are providing the Indonesian mining industry with packages that can be customised based on the industries’ and customers’ requirements. This is beneficial to Indonesia in operational sense in that it entails safe and efficient blasting,... 

An image/photo of BME Indonesia staff and trucks
BME INDONESIA Indonesia’s attractive market encouraged BME investment

BHP strikes Australia nickel offtake deal with Tesla

By: Esmarie Iannucci     22nd July 2021 Major BHP has struck a nickel supply agreement with electric vehicle and battery technology major Tesla, under which BHP would supply Tesla with nickel from its Nickel West assets, in Western Australia “Demand for nickel in batteries is estimated to grow by over 500% over the next decade, in... 

An image showing an electric vehicle charging station in a parking lot.

Exploration trailblazer Orion cracks retail investor code with 14 000-plus SA backers  

By: Martin Creamer     21st July 2021 More than 14 000 South Africans now own shares in the discovery and development mining company Orion Minerals, which is reflective of retail investment that can be stimulated in South Africa to support essential local minerals exploration. What is also extremely promising is that the dual listed... 

This is a picture of Errol Smart, CEO of Orion Minerals, who is also chair of Minerals Council junior miner leadership forum.
Orion Minerals CEO Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Anglo increasingly focused on future-enabling decarbonising metals, minerals – Cutifani 

By: Martin Creamer     20th July 2021 The portfolio and growth investments of diversified mining company Anglo American is increasingly focused future-enabling metals and minerals that are critical to decarbonising energy and transport and to meeting consumers' growing needs, from luxury to everyday life. This was stated by Anglo... 

A picture of Anglo American's CEO, Mark Cutifani.
Anglo American CEO Mark Cutifani

Vale reviews copper, nickel guidance amid labour, climate issues

By: Reuters     20th July 2021 Brazilian miner Vale said on Monday evening that it was reviewing its guidance for 2021 nickel and copper output as strikes and "extraordinary climate conditions" in Canada have materially affected production. In its second quarter output report, Vale said it produced 41 500 t of nickel in the... 

Vale reviews copper, nickel guidance amid labour, climate issues

Neometals readies for Widgie Nickel listing

By: Esmarie Iannucci     20th July 2021 ASX-listed Neometals on Tuesday revealed that its demerged Widgie Nickel would look to raise some A$24-million through an entitlement offer, as the company readies to list on the ASX. Neometals previously flagged the demerger of its Mt Edwards nickel project, in Western Australia, into the... 

Vale Indonesia Q2 nickel matte production falls sharply due to maintenance

By: Reuters     19th July 2021 PT Vale Indonesia's nickel matte production fell nearly 19.5% in the second quarter compared to the same period last year, due to planned maintenance, the company said in a filing to the Indonesia stock exchange on Monday. Nickel matte output stood at 15 048 t, the company filing showed, down... 

Mine achieves massive earnings boost after employing four more people  

By: Martin Creamer     19th July 2021 Guided by a value driver tree (VDT) study, an opencast mine increased its earnings massively after employing four additional operators at comparatively negligible cost. The operation’s earnings before interest, taxes, depreciation and amortisation (Ebitda) soared hugely from $634.3-million to... 

Gary Lane is also a director of SiMine
Value Driver Tree case study covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Small miners aim for European supply chain for EVs independent from China

By: Reuters     16th July 2021 Growing demand for electric vehicles has spurred small-scale miners of the lithium, cobalt and rare earths that automakers rely on to develop mines and build refining capacity in Europe to reduce their reliance on China. Efforts by the United States and Europe to build a secure and independent... 

Well-known mining personalities behind new green metals SPAC

By: Mariaan Webb     15th July 2021 Former executives of Canadian miner Detour Gold have teamed up with some of the biggest names in Australian mining and a Glencore director to launch a special purpose acquisition company (SPAC) targeting assets fitting the green-economy metals and mining profile. Increasingly popular, SPACs are... 

Photo of a man, Mick McMullen, speaking at a function.
Mick McMullen, former executive at Detour Gold and Stillwater, is the CEO of Metals Acquisition.

Life in mining-dependent countries significantly improved – ICMM 

By: Martin Creamer     14th July 2021 Life in mining-dependent countries has improved significantly in the 23 years leading up to 2018, with strong governance the key to improving socio-economic well-being, the International Council on Mining and Metals (ICMM) said on Wednesday. A report that analysed 41 social metrics grouped under... 

A picture of the CEO of the International Coiuncil on Mining and Metals
ICMM CEO Rohitesh Dhawan

Epiroc secures battery-electric mining equipment order from Ivanplats’ South African mine 

By: Simone Liedtke     14th July 2021 Mining and infrastructure industry productivity and sustainability partner Epiroc has won a significant order for battery-electric mining equipment from Ivanplats, which will use the equipment to develop its greenfield mine in South Africa in the “most sustainable and productive manner possible”.... 

Pic of Epiroc Boomer M2 Battery drill
Epiroc Boomer M2 Battery drill

Exploration is quick foreign investment ‘no brainer’, says Minerals Council’s Smart  

By: Martin Creamer     13th July 2021 Exploration is one of the quickest ways to secure foreign direct investment into South Africa for the generation of desperately needed jobs and wealth during the country's hour of need, said Minerals Council South Africa junior and emerging miners’ leadership forum chairperson Errol Smart on... 

Picture of Errol Smart, who is also CEO of Orion Minerals.
Minerals Council Junior Leadership Forum chair Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.
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