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Nickel News

Sibanye backs out of Brazilian base metal mines acquisition 

By: Marleny Arnoldi     24th January 2022 JSE- and NYSE-listed Sibanye-Stillwater has decided to terminate its acquisition of the Santa Rita nickel and Serrote copper mines, both in Brazil, from Appian Capital for $1-billion and a 5% net smelter royalty over future production. Sibanye intended to acquire operating companies Atlantic... 

South32 warns of global Covid impacts

By: Esmarie Iannucci     24th January 2022 Despite a strong December quarter, diversified miner South32 on Monday warned shareholders that labour shortages and freight bottlenecks would impact global operations this year. “We achieved a number of strong production results across our portfolio and realised significantly higher commodity... 

Talon to raise cash for Minnesota nickel project

By: Mariaan Webb     21st January 2022 TSX-listed base metals company Talon Metals has announced a C$27.5-million bought-deal public offering and a concurrent private placement to advance its Tamarack nickel project, in the US. A syndicate of underwriters, led by TD Securities, has agreed to purchase 38.2-million shares on a... 

RioZim plans to list on dollar-only Zimbabwe exchange

By: Bloomberg     21st January 2022 RioZim is weighing a listing on Zimbabwe’s Victoria Falls Stock Exchange, where trading is denominated in foreign currency, according to people familiar with the matter. The nickel, gold and diamonds producer is “seriously considering all options available to it under the legal framework of the... 

Centaurus raises A$75m for Jaguar development

By: Esmarie Iannucci     21st January 2022 ASX-listed Centaurus Metals will raise A$75-million in a share placement to institutional investors to drive the continued development of its owned Jaguar nickel sulphide project in northern Brazil. The company on Friday announced that it would issue more than 64.6-million shares, at a price of... 

Metals rally heats up as nickel hits $24 000 on supply snarls

By: Bloomberg     20th January 2022 Base metals are heating up yet again, with nickel reaching $24 000 a ton for the first time in more than a decade and tin notching up a fresh record on supply snarls and China’s monetary easing. Metals supplies are dwindling amid the global recovery from the pandemic with all the main London... 

BHP adjusts copper and coal expectations

By: Esmarie Iannucci     19th January 2022 Diversified major BHP has adjusted its full year outlook for metallurgical coal and copper productions as tough conditions continued. The miner on Wednesday reported that full year copper production was trending towards the low end of the guidance range of between 1.59-million and 1.76-million... 

BHP CEO Mike Henry
BHP CEO Mike Henry

BHP revives appetite for deals with biggest rivals in sights

By: Bloomberg     18th January 2022 After sitting dormant for more than a decade, BHP Group -- once mining’s most aggressive dealmaker -- is positioning itself for a return to large-scale M&A. BHP has expanded its dealmaking team, including in London, and is interested in pursuing a transformational deal, according to people... 

Nickel market caught up in fresh squeeze

By: Bloomberg     18th January 2022 The nickel market is facing its biggest squeeze in more than a decade as buyers are forced to pay huge premiums for immediate supplies with exchange inventories plunging. Cash contracts on the London Metal Exchange reached a $90-a-ton premium to those expiring a day later, the highest since 2010... 

First Quantum's 3-year capex guidance up on cost pressures, new projects

By: Mariaan Webb     18th January 2022 Copper and gold miner First Quantum has increased its capital expenditure (capex) guidance for the next three years, reflecting inflationary and logistical pressures on existing projects and the inclusion of new projects. The capex guidance for 2022 jumped to $1.25-billion, about 30% more than... 

An image of the Cobre Panama plant
First Quantum produced its highest-ever production result in 2021, helped by a record performance at Cobre Panama (pictured).

Boliden to resume nickel output at Harjavalta smelter soon

By: Reuters     17th January 2022 Swedish mining and smelting group Boliden expects to resume nickel production at its Harjavalta smelter in the near future, it said on Monday. The company said three weeks ago that nickel output at the smelter in Finland had been stopped due to a slag explosion, adding the plant was expected to... 

Boliden to resume nickel output at Harjavalta smelter soon

Nornickel says 2021 nickel sales were unaffected by export tax

By: Reuters     17th January 2022 Russia's Nornickel, the world's largest producer of refined nickel, said on Monday that the state export tax, which Moscow had imposed between August and December of 2021, did not affect the amount of its nickel exports. Russian exporters of nickel, steel, aluminium and copper paid extra export... 

Kavango resumes drilling at Botswana project after December break

By: Donna Slater     17th January 2022 London-listed explorer Kavango Resources has recommenced with drilling of the KSZDD002 hole at its Kalahrai Suture Zone project in Botswana, following a pause over the December holidays whereby the hole was sealed off at 350 m. On January 14, Mindea Exploration and Drilling mobilised the rig and... 

Nickel's rally to run out of steam as supplies ramp up

By: Reuters     14th January 2022 Momentum behind the rally that has taken nickel prices to historical highs is expected to recede as supplies of the metal used to make electric vehicle batteries and stainless steel start to ramp up. Nickel prices touched $22 935 a tonne on Friday, the highest since 2011, while on the Shanghai... 

An image of nickel ore

China hurt most by Indonesia’s move to keep nickel at home

By: Bloomberg     14th January 2022 Indonesia’s pledge to be more than a raw-materials supplier is set to pile pressure on China’s steel to electric vehicles industries that are already grappling with rising cost volatility. The Southeast Asian country said Wednesday it’s studying a progressive levy on exports of nickel pig iron... 

Power Metal renews Botswana prospecting licences

By: Schalk Burger     13th January 2022 London-listed exploration company Power Metal Resources has renewed key prospecting licences at the Molopo Farms Complex project, in southwestern Botswana, for two years. Renewal documentation has been received in respect of prospecting licence 310/2016 and prospecting licence 311/2016, with the... 

Two Tati project prospecting licences transferred into Power Metal’s Tati Greenstone Resources

By: Donna Slater     13th January 2022 LSE-listed mineral explorer Power Metal Resources reports that two prospecting licences (PLs) for its 100%-owned Tati project have now been successfully transferred into Tati Greenstone Resources (TGR) – a wholly-owned private Botswana-based subsidiary of Power Metal. On July 28, 2021, Power... 

Plan for decades of high commodity prices, BlackRock says

By: Bloomberg     13th January 2022 Commodities prices may stay high for decades as mining companies struggle to keep up with demand from the energy transition, according to BlackRock’s Evy Hambro. Raw materials, and shares of some companies that produce them, hit record highs last year as massive global stimulus measures... 

Nickel storms to 10-year peak on worries about supplies

By: Reuters     12th January 2022 Nickel prices surged to their highest in a decade on Wednesday as investors bet automakers will have to scramble to secure supplies for their electric vehicle batteries as inventories dwindle. Nickel was the top performer among industrial metals, which also rallied as worries eased about... 

Nickel storms to 10-year peak on worries about supplies

Formal launch of South Africa’s first green ammonia project on Tuesday  

By: Martin Creamer     12th January 2022 The formal launch of South Africa’s first green ammonia project takes place on Tuesday, against the background of the initiative having already secured an in-principle offtake agreement from a global player – a clear indication of the world’s ‘go green’ momentum. Hive Energy and BuiltAfrica –... 

Picture supplied by BuiltAfrica
BuiltAfrica chairperson Thulani Gcabashe interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Nickel prices soar to highest since 2014

By: Reuters     11th January 2022 Nickel prices touched their highest in more than seven years on Tuesday as global inventories pointed to solid demand while an outage at the London Metal Exchange (LME) hit trading. The overnight outage at the world's largest marketplace for industrial metals lasted five hours and hampered... 

Nickel ore

Nickel prices soar to highest since 2014

By: Reuters     11th January 2022 Nickel prices touched their highest in more than seven years on Tuesday as global inventories pointed to solid demand while an outage at the London Metal Exchange (LME) hit trading. The overnight outage at the world's largest marketplace for industrial metals lasted five hours and hampered... 

FPX Nickel appoints new principal geologist

By: Creamer Media Reporter      11th January 2022 Explorer and developer FPX Nickel has appointed Erin Wilson as its principal geologist to lead the exploration activities of the company’s projects, including the preliminary economic assessment-stage Decar nickel district in central British Columbia. Wilson was formerly the chief mine geologist... 

Haneti diamond drill programme mobilises

By: Tasneem Bulbulia     11th January 2022 Aim-listed Katoro Gold and Power Metal Resources have begun mobilisation for the diamond drill programme at their joint venture (JV) Haneti nickel project, in Tanzania. Katoro holds a 65% ownership interest in the project, with the balance held by Power Metal.  

Tesla to source nickel from Talon’s Minnesota mine

By: Mariaan Webb     11th January 2022 US-based electric vehicle producer Tesla has entered into an agreement to buy nickel from the Tamarack mine, a joint venture project between Toronto-listed Talon Metals and diversified major Rio Tinto. Tesla has committed to buy 75 000 t (165-million pounds) of nickel in concentrate from the... 

Tesla's battery factory in California
Tesla's battery factory in California

BHP invests in Tanzanian nickel project  

By: Esmarie Iannucci     10th January 2022 Diversified major BHP will make a $90-million investment into private firm Kabanga Nickel to accelerate the development of the Kabanga nickel project, in Tanzania. Kabanga Nickel on Monday announced an initial $40-million investment by the miner, will convert into an 8.9% equity stake in Kabanga... 

Image shows a generic nickel operation

Report states Bluejay Mining undervalued

By: Marleny Arnoldi     6th January 2022 A report produced by Independent Investment Research (IIR) states that Aim-listed Bluejay Mining is trading at a significantly discounted rate and that there is upside to its sum-of-the-parts valuation of $301-million as its projects progress with development. The company’s Dundas ilmenite... 

Nickel production to recover from pandemic impacts, Fitch Solutions says

By: Tasneem Bulbulia     6th January 2022 Reduced disruption to mining in Indonesia and the Philippines from the Covid-19 pandemic will drive strong growth in nickel ore production in 2022 and 2023, Fitch Solutions Country Risk and Industry Research says. It notes that the most significant driver of this growth will be a recovery in... 

Appian Capital appoints Danny Malchuk as senior adviser

By: Schalk Burger     6th January 2022 Private equity metals and mining investment advisory Appian Capital has appointed Danny Malchuk as a senior adviser, based in Santiago, Chile, to provide guidance during the sourcing, due diligence and execution process, with a focus on the Americas. “Danny is a great addition to Appian as we... 

Minerals Council backs State capture commission’s recommendations 

By: Martin Creamer     6th January 2022 Minerals Council South Africa on Thursday endorsed the recommendations of the first report of the Commission of Inquiry into State Capture. The Minerals Council said these recommendations, aimed at preventing endemic and corrosive corruption in organs of the state and within the private sector,... 

Supplied picture
Minerals Council South Africa CEO Roger Baxter

Startup Battery Resourcers plans Georgia recycling plant as demand surges

By: Bloomberg     6th January 2022 Startup Battery Resourcers plans to open a recycling plant for lithium-ion batteries in Georgia this year, as automakers shifting to electric cars drive up demand for the energy-storage devices. Battery Resourcers will invest $43-million in the facility and expects it to be fully operational in... 

Nickel Mines granted tax concession in Indonesia

By: Esmarie Iannucci     6th January 2022 ASX-listed Nickel Mines’ Indonesian subsidiary PT Angel Nickel Industry has been granted a ‘material’ corporate tax relief for its rotary kiln electric furnace (RKEF) project. Nickel Mines on Thursday told shareholders that the Minister of Finance of the Republic of Indonesia had granted Angel... 

American Manganese receives additional services, funding support

By: Schalk Burger     5th January 2022 Lithium-ion battery waste recycling and upcycling company American Manganese has received additional advisory services and funding support from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to support its ‘Demonstration of Continuous Recycling of... 

Australian exports flourish as project pipeline grows

By: Esmarie Iannucci     4th January 2022 Australia’s resource and energy export earnings are forecast to reach A$379-billion in 2021–22 as demand for coal and gas surges in the face of a global energy shortage, the December edition of the Resources and Energy Quarterly (REQ) found. The 2021-22 prediction was up from the A$310-billion... 

Wyloo advances Noront pursuit

By: Esmarie Iannucci     4th January 2022 TSX-V listed Noront Resources in December entered into a binding agreement with Andrew Forrest’s Wyloo Metals, after that company’s offer was tapped as a superior bid to mining major BHP’s bid for Noront. Wyloo in December abandoned talks with BHP around the major’s bid for Noront, and instead... 

Schummer resigns as Trevali COO

By: Creamer Media Reporter      17th December 2021 Vancouver-headquartered Trevali Mining’s COO David Schummer has resigned, citing personal reasons. In a short statement on Thursday, CEO Ricus Grimbeeck thanked Schummer for his contributions and wished him the best in his future endeavours. 

IGO to buy Western Areas for A$1.1bn in EV battery push

By: Reuters     16th December 2021 Australian nickel and lithium miner IGO will acquire nickel producer Western Areas in an all-cash deal valued at A$1.10-billion ($785-million), the companies said on Thursday. The deal follows IGO's $1.4-billion acquisition of a stake in Tianqi Lithium's Australian assets in June, as the company... 

IGO to buy Western Areas for A$1.1bn in EV battery push

Energy transitioning countries stand to attract major FDI investment, webinar hears 

By: Martin Creamer     15th December 2021 Countries that choose to transition into clean energy stand to attract major foreign direct investment (FDI) flows, as do companies that follow a clear pathway towards decarbonisation responsibly, a global webinar event has emphasised. The timing of the clean energy leapfrog by transitioning... 

Creamer Media screenshot
Wood Mackenzie Metals and Mining webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.
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