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Nickel News

Concern over lack of JSE listings ahead of Junior Indaba  

By: Martin Creamer     27th May 2021 In anticipation of next week's Junior Indaba virtual conference, AmaranthCX director Paul Miller has updated statistics on the change in the number of listed mining companies on the JSE over time. (Also watch attached Creamer Media video.) It is not a pretty picture. (See attached chart.) 

Govt-Minerals Council team established to promote exploration – Mgojo  

By: Martin Creamer     26th May 2021 The Department of Mineral Resources (DMRE) and Minerals Council South Africa have established a task team to promote exploration, outgoing Minerals Council president Mxolisi Mgojo said on Wednesday. The exploration task team, Mgojo said during his address to the council’s 131st annual general... 

Progress on raising the embedded generation cap to 50MW
Minerals Council South Africa AGM covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Nolitha Fakude first woman mining industry president in 131 years 

By: Martin Creamer     26th May 2021 The board members of Minerals Council South Africa on Wednesday elected the first female president in 131 years. New president Nolitha Fakude, a former Minerals Council VP who is the chairperson of Anglo American South Africa, said she would be focusing on ensuring that mining contributes... 

Top right, clockwise are Nolitha Fakude, Paul Dunne, Peter Steenkamp and Themba Mkhwanazi.
Top right, clockwise are Nolitha Fakude, Paul Dunne, Peter Steenkamp and Themba Mkhwanazi.

Biden looks abroad for electric vehicle metals, in blow to US miners

By: Reuters     26th May 2021 US President Joe Biden will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on processing them domestically into battery parts, part of a strategy designed to placate environmentalists, two administration officials with direct knowledge told... 

US President Joe Biden
US President Joe Biden

Crawford nickel advances to feasibility study, EV opportunities eyed

By: Mariaan Webb     26th May 2021 The Crawford nickel sulphide project is immediately advancing to the feasibility study stage, after a preliminary economic assessment (PEA) demonstrated robust economics for what will be one of the biggest nickel sulphide operations globally. TSX-V-listed Canada Nickel Company on Tuesday... 

Diamond explorer Bill McKechnie feels South Africa has battery mineral exploration potential  

By: Martin Creamer     25th May 2021 The renowned exploration geologist linked to the colossal and still-thriving diamond discovery against all odds at the Venetia diamond mine in Limpopo, believes there is no reason why new battery and other specialist minerals cannot be discovered in South Africa, using the techniques that he... 

Bill McKechnie
Exploration geologist Bill McKechnie interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Nornickel hires new production chief

By: Reuters     25th May 2021 Russian metals producer Nornickel has hired Sergey Stepanov, former CEO at titanium producer VSMPO, as senior vice president in charge of production, it said on Tuesday. Nornickel's previous operations boss Sergey Dyachenko left the company in March as part of a management restructuring after a... 

Forrest’s Wyloo sets sights on Canadian nickel developer Noront

By: Mariaan Webb     25th May 2021 Australian mining billionaire Andrew Forrest’s Wyloo Metals on Tuesday announced that it intended to make an offer for Noront Resources, which would value the Canadian nickel project developer at C$133-million. Wyloo would acquire all the outstanding shares of Noront that it did not already own... 

Forrest’s Wyloo sets sights on Canadian nickel developer Noront

China's Huayou invests in $2.1bn Indonesia nickel project

By: Reuters     24th May 2021 China's Zhejiang Huayou Cobalt Co said on Monday it would partner electric vehicle battery maker EVE Energy and others in a $2.08-billion nickel and cobalt project in Indonesia. The company is also splashing out $210-million on a stake in Chinese battery materials producer Tianjin B&M Science... 

Group Ten plans largest exploration programme yet at Stillwater West

By: Creamer Media Reporter      24th May 2021 Canadian junior Group Ten Metals has unveiled plans for its largest exploration programme to date at its flagship Stillwater West platinum group element (PGE) project, in Montana. The TSX-V-listed firm has retained Oretest Drilling and Simcoe Geoscience for the 2021 exploration programmes at the... 

Climate is global issue that exceeds anything seen in centuries – Anglo   

By: Martin Creamer     20th May 2021 Recent generations have defined the environment as a critical issue for humanity and climate change represents a new and sharper focus that exceeds any single global issue that we have seen in centuries, Anglo American CEO Mark Cutifani has told the Bank of America Securities Global Metals,... 

Mark Cutifani with chart showing thin slither at the top representing mining's 0.04% global footprint.
Mark Cutifani with chart showing thin slither at the top representing mining's 0.04% global footprint.

Hire jobless geologists to capture much-needed exploration data – LEI   

By: Martin Creamer     19th May 2021 A strong call for unemployed geology graduates to be contracted to capture historic exploration data electronically has been made by Letaba Elihle Investments (LEI) principal geology consultant Siphelele (Siphe) Ntshangase. In a Zoom interview with Mining Weekly Ntshangase also called on South... 

LEI Principal Geology Consultant Siphelele (Siphe) Ntshangase
LEI Principal Geology Consultant Siphelele Ntshangase interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

First Quantum sells nickel mine stake to Posco for $240m

By: Mariaan Webb     19th May 2021 Steel major Posco will pay $240-million for a 30% equity stake in the Ravensthorpe nickel operation, in Western Australia, mine owner First Quantum announced on Wednesday. Posco will be provided with a long-term offtake agreement for 7 500 t/y of nickel in mixed-cobalt hydroxide precipitate,... 

First Quantum sells nickel mine stake to Posco for $240m

Sherritt picks Leon Binedell as new CEO

By: Creamer Media Reporter      18th May 2021 Toronto-listed Sherritt International on Tuesday announced the appointment of Leon Binedell, a 25-year mining industry veteran, as president and CEO with effect from June 1. Originally from South Africa, Binedell most recently worked as CFO of Guyana Goldfields. “In searching for our new chief... 

Nornickel pumps out diesel from Arctic fuel tank after small leak

By: Reuters     17th May 2021 Russia's Nornickel is pumping out diesel from one of its fuel tanks in the Arctic following a leak of 20 litres, the company said Monday, adding that there was no damage to the environment. A year ago, 21 000 t of oil products leaked from a cracked tank at Nornickel's power plant into the Arctic... 

New technologies transforming mining, metals industry – ICMM 

By: Martin Creamer     14th May 2021 New technologies are transforming the mining and metals industry, making it cleaner and safer, says the International Council on Mining and Metals (ICMM), which is progressing an 'innovation for cleaner, safer vehicles' initiative. The initiative brings together 28 of the world’s leading mining... 

An innovation for cleaner, safer vehicles initiative has been introduced.
An innovation for cleaner, safer vehicles initiative has been introduced.

Nornickel resumes full operations at one of its flooded mines

By: Reuters     13th May 2021 Russian metals producer Nornickel has resumed full operations at one of its two mines hit by flooding this year, it said on Thursday. Nornickel is the world's largest palladium producer and a leading nickel producer. A sudden inflow of water at two of its mines, which account for 36% of ore... 

Russia should get firms to pay environmental fines from profits, says PM

By: Reuters     12th May 2021 Russia should get companies to pay compensation for environmental damage from their net profits rather than expenses after Nornickel's payment of a $2-billion fine for a fuel spill reduced its tax base, the prime minister said on Wednesday. Nornickel paid the unprecedented environmental fine for... 

Mystery of sanctioned tycoon's assets in Zimbabwe revival plan

By: Bloomberg     11th May 2021 In December, the government of Zimbabwe announced a multibillion-dollar project called Kuvimba Mining House that would hold some of the nation’s most valuable gold, platinum, chrome and nickel mines and whose revenue would be used to revive the country’s moribund economy. The venture would be 65%... 

The Darwendale platinum mine project
Photo by Bloomberg
The Darwendale platinum mine project

New report identifies global mining sector's carbon reduction opportunities

By: Tasneem Bulbulia     10th May 2021 The global mining industry must move away from legacy systems and processes if it is to meet the challenge of decarbonisation. This is according to a new report, ommissioned by engineering company Weir Group, which calculates mining’s share of global energy consumption and identifies ways the... 

Aus working on resource export strategy

By: Esmarie Iannucci     7th May 2021 The federal government has announced a A$20-million investment into a Global Resources Strategy, to help diversify exports and find new markets for Australia’s resources and Technology. Resources, Water and Northern Australia Minister Keith Pitt on Friday said that the aim of the new strategy is... 

Tanzania gets renewed hope to transform mining industry with Hassan administration – Leon

By: Donna Slater     5th May 2021 The “change of tone” brought by Tanzania’s new President Samia Suluhu Hassan over the past month could indicate a welcome new economic direction for the country, professional services firm Herbert Smith Freehills partner and Africa co-chairperson Peter Leon says.   In March, former Tanzania... 

IEA report outlines urgent need to accelerate investment in critical minerals needed to drive energy transitions 

By: Terence Creamer     5th May 2021 A new International Energy Agency (IEA) report is warning of a potential supply deficit for some of the ‘critical minerals’ needed to support a global shift in the energy system that is aligned with the Paris Climate Agreement, as well as the growing number of country commitments to cutting... 

IEA report outlines urgent need to accelerate investment in critical minerals needed to drive energy transitions

Antam Q1 nickel ore output up more than four-fold y/y

By: Reuters     3rd May 2021 Indonesian state miner Aneka Tambang (Antam) said on Monday its nickel ore output rose more than fourfold in the first three months of 2021 compared to the same period a year ago. Antam's nickel ore output stood at 2.64-million wet metric tonnes (WMT) in the first quarter, up from 629 000 WMT in... 

Horizonte ropes in Ramboll for enviro impact study

By: Marleny Arnoldi     30th April 2021 Base metals miner Horizonte Minerals has appointed global consultancy Ramboll to undertake the environmental- and social-impact assessment (Esia) for the Vermelho nickel/cobalt project, in Brazil. With about 300 offices worldwide, Ramboll has the commercial understanding and technical rigour to... 

Sherritt posts 602% increase in adjusted earnings

By: Marleny Arnoldi     29th April 2021 TSX-listed nickel and cobalt refiner Sherritt International Corporation has maintained a strong performance throughout the first quarter of the year, ending it with improved output from the Moa joint venture, a C$5-million reduction in debt and its highest earnings in almost three years. The... 

Mining policy should be hugely supportive of exploration’s multiplier magic – investor  

By: Martin Creamer     28th April 2021 Mining, preceded by exploration, is the greatest economic multiplier of all business activities, including government expenditure, says Integral Asset Management chief investment officer Bruce Williamson. It therefore makes huge sense for government to enact attractive investment-friendly... 

Integral Asset Management chief investment officer Bruce Williamson.
Integral Asset Management CIO Bruce Williamson interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

First Quantum achieves record quarterly output from Cobre Panama

By: Marleny Arnoldi     28th April 2021 TSX-listed First Quantum Minerals has recorded net earnings attributable to shareholders of $142-million, or $0.21 apiece, for the quarter ended March 31. This while generating cash flow from operating activities of $743-million.  

IGO's revenue falls on lower gold output

By: Esmarie Iannucci     28th April 2021 Metals miner Independence Group (IGO) has reported a 21% fall in revenue and a 23% fall in underlying earnings before interest, tax, depreciation and amortization (Ebitda) for the quarter ended March as production declined. Nickel production from the Nova operation declined from 7 024 t in the... 

Brazil's Vale, eyeing EV market, mulls base metal spinoff

By: Reuters     28th April 2021 Brazilian iron-ore miner Vale is "closely analyzing" a possible spinoff of its base metals division, Chief Executive Eduardo Bartolomeo said on Tuesday, a move that could help the company take advantage of increasing demand from electric car manufacturers. The company previously considered... 

Brazil's Vale, eyeing EV market, mulls base metal spinoff

Tackling climate change could not be more urgent – Anglo American 

By: Martin Creamer     26th April 2021 Tackling climate change could not be more urgent, Anglo American said on Monday when it presented its biannual sustainability performance update. “For the emissions that we control in our business, we have come a long way, delivering our 2020 target to reduce greenhouse gas emissions by 22% a... 

From left, clockwise Mark Cutifani, Anik Michaud and Stephen Pearce
Photo by Creamer Media
From left, clockwise Mark Cutifani, Anik Michaud and Stephen Pearce

France's Eramet says sales buoyed by mining unit, passes on A&D offer

By: Reuters     26th April 2021 France's Eramet reported a rise in first-quarter sales on Monday as higher prices and output boosted its mining division, offsetting a slide at Aubert & Duval (A&D), the struggling aeronautics alloys supplier it is trying to sell. Group sales reached 838-million euros ($1.01-billion), up 8%... 

Jervois in financing discussions with US government for ICO mine

By: Donna Slater     26th April 2021 ASX- and TSX-V-listed battery metals miner Jervois Mining is participating in financing discussions with the US federal government to complete construction of its Idaho Cobalt Operations (ICO) mine, in Idaho. Jervois states that ICO will be the only cobalt mine in the US once it starts production.  

Battery metal rush pits miners against marine biologists

By: Bloomberg     26th April 2021 Controversial plans to mine the ocean floor face a key test this year when a United Nations body unveils rules that could spur the exploitation of hundreds of billions of dollars of battery metals. The International Seabed Authority is preparing to pass regulations in July that could trigger a... 

Battery metal rush pits miners against marine biologists

Canada Nickel consolidates and expands land package

By: Creamer Media Reporter      23rd April 2021 TSX-V-listed Canada Nickel Company has entered a transaction to acquire the properties that it previously optioned from Noble Mineral Exploration, plus additional claims in northern Ontario. Under the terms of the transaction, the current option agreements with Noble Mineral Exploration will be... 

Glencore chair defends pay plan for commodity trader’s new CEO

By: Bloomberg     22nd April 2021 Glencore's chairperson defended an incentive plan for the commodity giant’s new chief executive officer, after prominent advisory firms urged investors to vote against it. Gary Nagle, the handpicked successor of outgoing CEO Ivan Glasenberg, will take over the helm of the world’s biggest... 

Gary Nagle
Gary Nagle

Anglo American lifts first-quarter output on strong copper, PGMs performance 

By: Donna Slater     22nd April 2021 Diversified miner Anglo American managed to meet strong customer demand during the quarter ended March 31, despite some limited constraints at certain operations as a result of Covid-19, CE Mark Cutifani says. He notes that production for the quarter was achieved at 95% of normal operating capacity. 

Anglo American CEO Mark Cutifani
Anglo American CEO Mark Cutifani

Commodities of the future to boom over 20-year horizon

By: Donna Slater     21st April 2021 A significant number of commodities are set to experience strong demand growth over the next 20 years, while “conventional” commodities will receive an added boost as they take a central stage in the green and digital transitions, says financial risk management, solutions and insights company... 

Commodities of the future to boom over 20-year horizon
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