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Nickel News

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... 

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.

EU, Ukraine sign preliminary deal on key raw materials, batteries

By: Reuters     13th July 2021 The European Union and Ukraine signed on Tuesday a memorandum of understanding (MoU) covering critical raw materials and batteries as the 27-country bloc tries to diversify supplies following disruptions caused by the Covid-19 pandemic. The move is part of the European Commission's Action Plan... 

WA miners contributed A$83bn to economy in 2019/20 - survey

By: Esmarie Iannucci     12th July 2021 A new survey by the Chamber of Minerals and Energy (CME) for Western Australia has found that the state’s mining, oil and gas, energy and contractor industries contributed a direct A$83-billion to Australia’s economy in 2019-20 and directly provided more than 94 000 full-time jobs. The survey... 

‘Green’ metals demand contributes to renewed optimism among Canadian miners

By: Creamer Media Reporter      9th July 2021 Rising demand for ‘green’ metals as the world transitions to clean energy is contributing to renewed optimism in the growth prospects for Canada’s mining industry, a new report by KPMG finds. The ‘Risk and Opportunities for Canadian miners’ report, which is based on a survey of 225 global mining... 

Underground trucks at an Agnico Eagle mine in Canada

Underground mining starts at Panoramic's Savannah nickel project

By: Esmarie Iannucci     9th July 2021 Underground mining has started at the Savannah nickel project, ahead of schedule, after ASX-listed Panoramic Resources struck a four-year, A$280-million underground mining contract with contractor Barminco. Panoramic had initially planned to start underground mining at Savannah in August,... 

Neometals completes Mt Edwards review

By: Esmarie Iannucci     7th July 2021 ASX-listed Neometals has completed the review of 11 nickel mineral resource estimates at its Mt Edwards project, in Western Australia. The review was launched in mid-2019, and nine mineral resource estimates have been re-estimated between November 2019 and June 2021 using new and existing data. 

Sumitomo to invest $424m to boost battery materials output

By: Reuters     6th July 2021 Japan's Sumitomo Metal Mining Co said on Tuesday it would spend 47-billion yen ($424-million) to boost production capacity of cathode materials for rechargeable batteries used in electric vehicles (EVs) to meet burgeoning demand. Japan's biggest nickel smelter will build a new plant of... 

Eramet says Europe must help its miners gain access to EV metals

By: Bloomberg     5th July 2021 France’s Eramet said governments in Europe must help the region’s mining companies gain greater access to metals needed for car batteries, since such resources are mostly found on other continents. Demand for battery raw materials such as nickel, lithium and cobalt is surging as carmakers... 

Mining vital to economy, can help guide country's path – President 

By: Martin Creamer     5th July 2021 Mining is vital to the South African economy and the opportunities that exist in mining can help guide the country’s path to a more inclusive and equitable economy, President Cyril Ramaphosa stated on Monday. Writing in his From the Desk of the President column, Ramaphosa placed mineral and... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Panoramic ticks the boxes on Savannah financing

By: Esmarie Iannucci     2nd July 2021 Nickel developer Panoramic Resources on Friday reported that all conditions precedent for its $45-million secured loan facility with Trafigura has been satisfied. Panoramic in April this year obtained the secured loan facility, which comprises a $30-million five-year prepayment loan facility and... 

Shortages flagged for EV materials lithium and cobalt

By: Reuters     1st July 2021 As the world moves to meet stringent targets for cutting carbon emissions - partly by phasing out internal-combustion-engine cars - demand for lithium, cobalt and nickel vital for electric vehicle batteries will soar, raising the prospect of shortages. High lithium prices have failed to spur... 

Missouri Cobalt says construction of hydrometallurgical facility in final stages

By: Creamer Media Reporter      1st July 2021 US-based Missouri Cobalt is in the final stages of building a hydrometallurgical facility, which will allow the company to begin producing battery-grade cobalt and nickel. Missouri Cobalt says in a statement that the hydrometallurgical facility forms part of its objective of becoming a leading... 

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