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Nickel News

Nickel Mines takes 50% stake in Angel

By: Esmarie Iannucci     21st April 2021 ASX-listed Nickel Mines has completed the acquisition of a further 20% interest in the Angel Nickel project, in Indonesia, taking its stake in the project to 50%. Nickel Mines paid its project partner Shanghai Decent Investment Group $137.6-million for the 20% interest in the project, and could... 

Record output for BHP's iron-ore ops

By: Esmarie Iannucci     21st April 2021 Mining major BHP has reported record production from its Western Australian iron-ore operations during the nine months to March, despite a 4% fall in production during the March quarter on the back of wet weather and planned maintenance. Iron-ore production in the year-to-date was up 4% on the... 

Record output for BHP's iron-ore ops

Vale output misses estimates in another boost to iron-ore rally

By: Bloomberg     20th April 2021 The world’s second-largest producer of iron-ore just gave another boost to rallying prices of the steelmaking ingredient at a time of strong Chinese demand. Vale churned out less iron ore than expected last quarter after lower productivity at one mine and a ship loader fire, with its recovery... 

Vale output misses estimates in another boost to iron-ore rally

Mining association says Canada’s rare earth support too modest to displace reliance on China

By: Mariaan Webb     20th April 2021 The Mining Association of Canada (MAC) has welcomed several expanded and refined measures proposed in the 2021 federal Budget to support the establishment and growth of a domestic battery supply chain, but CEO Pierre Gratton says specific support targeting rare earth elements (REE) is too modest... 

Finance Minister Chrystia Freeland looks at Prime Minister Justin Trudeau as she delivers the Budget in the House of Commons on Parliament Hill in Ottawa on Monday.
Finance Minister Chrystia Freeland looks at Prime Minister Justin Trudeau as she delivers the Budget in the House of Commons on Parliament Hill in Ottawa on Monday.

Johnson Matthey secures raw materials for European cathode plants

By: Mariaan Webb     19th April 2021 British multinational speciality chemicals and sustainable technologies company Johnson Matthey (JM) on Monday announced that it would scale up its battery materials business and said that it had secured long-term supply of critical minerals for its European facilities. JM, in partnership with... 

Johnson Matthey secures raw materials for European cathode plants

Battery supply chain market attracted $21bn of investment in 2020

By: Marleny Arnoldi     16th April 2021 Research agency Fitch Solutions says global investment of more than $21-billion toward the electric vehicle (EV) battery supply chain shows the urgency of market expansion. With Western Europe claiming the biggest share of investment, it reflects the focus on producing EVs in the region and the... 

Mining investor TechMet closes second funding round at $120m

By: Reuters     16th April 2021 Mining investment firm TechMet, which counts the US government as its largest investor, said on Thursday it had closed its second round of funding at $120-million, roughly 50% higher than initially expected. The firm, which is an investor in battery recycler Li-Cycle, has now raised nearly... 

Mining investor TechMet closes second funding round at $120m

World-first mineral export under financial transparency

16th April 2021 Global blockchain platform Minexx has exported minerals with full financial transparency from the Democratic Republic of Congo (DRC), by processing $250 000 of blockchain certified payments. This is a milestone for the company and the sector, as it secures the supply chain from the moment a... 

CHAIN OF EVENTS
The effective implementation of transparent blockchain payments have secured the supplychain from the moment a mineral is mined to the point of being used in technology in the DRC
CHAIN OF EVENTS The effective implementation of transparent blockchain payments have secured the supplychain from the moment a mineral is mined to the point of being used in technology in the DRC

DRC exploration ongoing

16th April 2021 Global mining house Ivanhoe Mines co-chairpersons Robert Friedland and Yufeng “Miles” Sun announced in February that the company plans to commence an expansive 2021 exploration programme on its 100%-owned Western Foreland exploration licences. The exploration programme will include about 2 550... 

EXPLORE MORE
Ivanhoe Mines has begun its expansive 2021 exploration programme in the Democratic Republic of Congo
EXPLORE MORE Ivanhoe Mines has begun its expansive 2021 exploration programme in the Democratic Republic of Congo

Gamsberg ramp-up exceeds expectations

By: Halima Frost     16th April 2021 Diversified miner Vedanta Zinc International (VZI) says its Gamsberg mine and processing plant have successfully ramped up to full production, with the plant currently exceeding its projected design capacity of four-million tonnes a year.   The ramp-up was scheduled after a shutdown period from... 

ROUND TWO
The successful ramp up of the Gamsberg mine and its processing plant has been reported
ROUND TWO The successful ramp up of the Gamsberg mine and its processing plant has been reported

New collectors released

By: Halima Frost     16th April 2021 South African chemical company Axis House has developed and released a new polymetallic range of collectors  – PolyQ – to be used in the floatation process to recover base metals from polymetallic ores. “The PolyQ range of collectors are not only safer than standard reagents (xanthates) but also... 

REMARKABLE RECOVERY
The new polymetallic range of collectors offer greater recover y rates of base metals
REMARKABLE RECOVERY The new polymetallic range of collectors offer greater recover y rates of base metals

Glencore to benefit from turnaround strategy, commodity upswing – investment banks

By: Donna Slater     14th April 2021 On the back of above-peer earnings growth, sector-leading free cash flow and elevated 2021/22 earnings before interest, taxes, depreciation and amortisation (Ebitda), multinational investment banking firm Goldman Sachs has upgraded diversified miner Glencore’s stocks to "buy", from the previously... 

Glencore to benefit from turnaround strategy, commodity upswing – investment banks

Sibanye continues to increase geographical diversity through M&As, says Froneman

By: Simone Liedtke     14th April 2021 While 2021 is looking like a solid year for precious metals miner Sibanye-Stillwater, executive director and CEO Neal Froneman has emphasised that the company will continue to increase its geographical diversity through value-accretive mergers and acquisitions (M&A) transactions. He noted during... 

Sibanye-Stillwater CEO Neal Froneman
Sibanye-Stillwater CEO Neal Froneman

Skyrocketing metal prices threaten to hinder EV affordability

By: Bloomberg     14th April 2021 A surge in demand for electric vehicles is sending the price of raw materials soaring, threatening to slow the push toward making cheaper batteries that are key to more widespread adoption. Lithium, the mainstay for rechargeable power packs used in EVs, is roaring back after a three-year slump... 

Skyrocketing metal prices threaten to hinder EV affordability

Nornickel expands Finland nickel refinery to supply EV market

By: Mariaan Webb     13th April 2021 Mining company Nornickel has announced an expansion of production from its nickel refinery in Finland in response to growing demand for responsibly produced electric vehicle (EV) battery materials in Europe. In Phase 1, nickel output at the Harjavalta refinery will increase from 65 000 t/y to 75... 

Nornickel expands Finland nickel refinery to supply EV market

Nornickel expects full output to resume at flooded mine this month

By: Reuters     12th April 2021 Russia's Nornickel said on Monday it would fully restart operations this month at one of two major mines hit by flooding, earlier than previously expected. Nornickel, the world's largest palladium producer and a leading nickel producer, partly suspended operations at the mines in February after... 

Exploration industry has tight deadline to comment on controversial draft regulations  

By: Martin Creamer     9th April 2021 South Africa’s exploration industry has until April 19 to comment on controversial regulations still in draft form. “They’ve never consulted industry about it and what they are requesting is impractical,” says Allan Saad, a consulting exploration geologist, who formerly represented the now... 

Allan Saad, Consulting Exploration Geologist
Consulting exploration geologist Allan Saad interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Nornickel to minimise 2020 final dividend, considers buyback

By: Reuters     9th April 2021 Nornickel will minimise its final dividend for 2020, the Russian metals producer said on Friday, citing a recommendation from its board of directors. The board recommended a final dividend of 1 021.22 roubles ($13.25) per share, it said in a statement. 

Gareth Penny
Gareth Penny

Canada Nickel, Taykwa Tagamou Nation sign MoU for Crawford mine fleet funding

By: Donna Slater     8th April 2021 TSX-V-listed Canada Nickel Company (CNC) has signed a memorandum of understanding (MoU) with Taykwa Tagamou Nation (TTN), regarding the financing of CNC’s mine fleet for the Crawford nickel/cobalt sulphide project, in Ontario. Under the terms of the MoU, TTN will seek favourable financing terms... 

Katoro, Power Metal to advance Haneti project to deep diamond drilling

By: Simone Liedtke     7th April 2021 Aim-listed Katoro Gold will be advancing its Haneti nickel and platinum group metals (PGMs) project, in Tanzania, to deep diamond drilling following the receipt of results from the recently completed maiden rotary air blast (RAB) drill programme, which targeted the discovery of nickel and PGMs.... 

Value of iridium in electrolysis could top R90bn mark in years ahead – HySA 

By: Martin Creamer     7th April 2021 The value of iridium for proton exchange membrane (PEM) water electrolysis technology alone could exceed R90-billion in the next ten to 20 years. This is the view of Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of Competence: Hydrogen... 

Value chain as outlined by Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of Competence.
Value chain as outlined by Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of Competence.

Canadian underground mining likely to take hydrogen ventilation lead – HySA 

By: Martin Creamer     6th April 2021 Canadian and Australian mines are big on wanting hydrogen ventilation in underground mining operations, and Canada will likely lead in the use of hydrogen underground. This is the view of Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of... 

Hydrogen South Africa hydrogen ventilation research site in North West.
Hydrogen South Africa hydrogen ventilation research site in North West.

Savannah nickel mine restart given green light

By: Esmarie Iannucci     6th April 2021 The board of ASX-listed Panoramic Resources has approved the A$41-millionr restart of the Savannah nickel project, in Western Australia. The company told shareholders on Tuesday that the decision to restart operations at Savannah, which was placed on care and maintenance in April of last year,... 

How South Africa can unlock its exploration potential ­– Adrian Reynolds   

By: Martin Creamer     1st April 2021 Of four factors required to attract investment in exploration, economic and fiscal stability is the most important, says highly experienced geological and mining consultant and nonexecutive company director Adrian Reynolds. Reynolds spoke to Mining Weekly in a Zoom interview about the factors... 

Adrian Reynolds
Geological and mining consultant Adrian Reynolds interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Biden infrastructure plan targets electric cars, clean power

By: Bloomberg     1st April 2021 President Joe Biden is calling for sweeping investment in electric vehicles, renewable power and the electric grid as part of a broad blueprint to bolster the US economy while combating climate change. The president’s plans, part of a $2.25-trillion infrastructure and stimulus blueprint he is... 

US President Joe Biden
US President Joe Biden

Top nickel miner Vale turns page on 14-year New Caledonia foray

By: Bloomberg     1st April 2021 Vale, the biggest producer of mined nickel, closed a deal to divest its underperforming New Caledonian mine to a group that includes the operation’s managers and workers. The divestment will allow operations to continue and gives Vale the right to a portion of output amid growing demand for the... 

Top nickel miner Vale turns page on 14-year New Caledonia foray

Nickel Mines places A$175m notes for Angel funding

By: Esmarie Iannucci     30th March 2021 ASX-listed Nickel Mines has completed a $175-million senior secured noted offering to help fund the second stage acquisition of the Angel Nickel project, in Indonesia. The senior unsecured notes would have an interest rate of 6.5% and would mature at the start of April 2024. 

Ribbon gets cut at Cassini

By: Esmarie Iannucci     30th March 2021 ASX-listed Mincor Resources has officially opened its Cassini nickel mine, in Western Australia, marking a key milestone to reaching commercial nickel production early next year. “This is a tremendous milestone for Mincor, for our employees, shareholders, suppliers, strategic partners and other... 

Proposed spin-off of Nornickel copper mine may ease dividend talks - analysts

By: Reuters     29th March 2021 A proposal by Nornickel to distribute its 50% stake in the Bystrinsky copper mine among its own shareholders may ease dividend discussions between the Russian metal producer's two co-owners, analysts said. Nornickel said last week that the spin-off of the mine near the Russia-China border would... 

Nornickel board calls on shareholders to discuss proposed change to dividend policy

By: Reuters     29th March 2021 The board of Russia's Norilsk Nickel called on shareholders to discuss a proposed change to its dividend policy as the palladium and nickel producer looks to invest more in production and environmental protection after a major fuel spill in the Arctic. Nornickel, the world's largest producer of... 

Nornickel board calls on shareholders to discuss proposed change to dividend policy

Centaurus optimistic about Brazilian nickel

By: Esmarie Iannucci     29th March 2021 A scoping study into the Jaguar nickel sulphide project, in northern Brazil, has found that the project could produce some 275 600 t of nickel and would have an initial mine life of ten years. ASX-listed Centaurus Minerals on Monday reported that the scoping study was based on a 2.7-million... 

Aus resource exports strong despite Covid

By: Esmarie Iannucci     29th March 2021 Despite the restrictions brought on by the Covid-19 pandemic, Australian resource exports are expected to reach a record A$296-billion in 2020/21, and will remain strong over the next five years, the latest Resources and Energy Quarterly from the Department of Industry, Science, Energy and... 

Aus resource exports strong despite Covid

South African-developed fuel cell passing tests at Implats refinery 

By: Martin Creamer     29th March 2021 A South African-developed stationary hydrogen fuel cell is doing well as it is put through a testing phase at the Impala Platinum (Implats) refinery, group executive: refining and marketing Sifiso Sibiya has revealed. The stationary hydrogen fuel cell at Implats’ precious metals and base metals... 

Impala Platinum group executive: refining and marketing Sifiso Sibiya
Impala Platinum group executive: refining and marketing Sifiso Sibiya

Rusal open for talks over Nornickel dividend - deputy CEO

By: Reuters     26th March 2021 Russia's Rusal is open to talks with a fellow key shareholder in Nornickel about the miner potentially cutting its dividend, but remains to be convinced the current policy should change, its deputy chief executive said. The board of directors at Nornickel, in which Rusal holds a 27.8% stake,... 

Mincor secures A$55m financing for Kambalda

By: Esmarie Iannucci     26th March 2021 Nickel developer Mincor Resources has executed a A$55-million syndicated facility agreement with a tier 1 banking syndicate to underpin the development of its Kambalda nickel operations, in Western Australia. Draw down of the facility agreement is subject to customary conditions precedent, and... 

Africa hosts considerable potential for green hydrogen

By: Tasneem Bulbulia     25th March 2021 While there may be many challenges, Africa has the potential to leapfrog in terms of decarbonisation and to capitalise on opportunities presented by green hydrogen, African Hydrogen Partnership secretary general Vincent Oldenbroek has said. Speaking on the second day of a two-day green hydrogen... 

Nornickel shareholder wants dividend change as investments loom - Ifx

By: Reuters     24th March 2021 Nornickel's largest shareholder, Interros, has proposed changing its dividend policy, Interfax news agency reported on Wednesday, in a move that would lower payouts to help fund planned investment. The miner has just paid $2-billion to Russia for environmental damage after a fuel spill at its... 

Master Drilling advancing mechanisation for two top-tier local clients  

By: Martin Creamer     23rd March 2021 Mine mechanisation is being advanced for two top-tier  local clients of Master Drilling, the CEO of the JSE-listed company, Danie Pretorius, said on Tuesday. Speaking to Mining Weekly in a Zoom interview after reporting 72.7%-higher 2020 net cash generation of $25.5-million, 18%-lower debt to... 

Master Drilling CEO Danie Pretorius
Master Drilling CEO Danie Pretorius interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.
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