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Nickel News

Vale, USW Sudbury talks continue 

By: Liezel Hill     7th June 2010 Discussions aimed at ending a nearly 11-month-long strike at Vale's Sudbury and Port Colborne operations by more than 3 000 United Steelworkers union members continued on Monday. “Talks are continuing today but I have nothing else to report at this time,” Vale spokesperson Cory McPhee said on... 

Vale, strikers say hoping for progress in latest round of Sudbury talks 

By: Matthew Hill     4th June 2010 There appeared to be hope on the picket lines this week that negotiations that restarted on Friday between Brazil's Vale and the union representing its Sudbury workers would be successful in getting miners back to the rockface. One striker at the Copper Cliff refinery picket line told Mining... 

Australia’s planned super profits tax and Canada’s C-300 Bill could see increased capital flows to Africa

By: Jonathan Faurie     4th June 2010 The proposed increase in the taxation of end of yearly profits in Australia and the C-300 bill, which is currently being implemented in Canada could be advantageous for the African mining landscape reports market analyst firm BDO. 

Vale Inco now just 'Vale'

By: Liezel Hill     27th May 2010 Nickel-miner Vale Inco will trim its name down to just Vale, the Brazilian-owned group said on Thursday. Rio de Janeiro-based Vale, the world's second-largest mining company, bought Canadian nickel-miner Inco in late 2006.  

Vale to resume talks with striking Sudbury workers

By: Reuters     27th May 2010 Vale said on Wednesday it will resume mediated talks with striking workers at its Sudbury, Ontario, mining operations in the hopes of ending a 10-month old strike. Vale spokesman Cory McPhee said talks were slated to resume on June 4.  

Western Areas may send ore to Minara to treat

By: Esmarie Iannucci     21st May 2010 Nickel sulphide producer Western Areas on Friday reported that it was in negotiations with fellow nickel producer Minara Resources to treat ore from the Spotted Quoll mine, in Western Australia. Minara would treat an estimated 25 000 t of oxide and upper supergene sulphide ore with an average... 

Fox in talks with Chinese group to develop WA nickel project

By: Esmarie Iannucci     20th May 2010 Base metals explorer Fox Resources on Thursday reported that it was in discussions with China’s Jinchuan Group regarding the development of the heap-leaching operation at the Radio Hill nickel/copper project, in Western Australia, which is on care-and-maintenance. The Radio Hill project was... 

Quadra, FNX investors OK merger

By: Liezel Hill     19th May 2010 FNX Mining shareholders approved a takeover by Quadra Mining on Wednesday, in a deal that will combine FNX's underground copper and nickel mines in Canada with Quadra's far-flung collection of open-pit assets. Both base-metals producers held shareholders meetings on Wednesday, at which Quadra's... 

Crowflight won't meet cost, output forecasts for 2010

By: Liezel Hill     18th May 2010 Canadian nickel-miner Crowflight Minerals does not expect to meet its 2010 guidance for production and costs, and will provide updated forecasts later in the year after reviewing its operating plans, the firm said late on Monday. Crowflight said in February it expected to produce 8,6-million... 

Base metals support remains in place – Natixis

By: Liezel Hill     14th May 2010 Although base metals prices have not escaped the effects of market volatility over the last couple of months, the factors that have supported the rebound in industrial metals in the last year “remain largely in place”, London-based Natixis Commodity Markets said in a report on Friday. Base-metal... 

Brazil-focused Mirabela provides production guidance, posts loss

By: Esmarie Iannucci     14th May 2010 ASX- and TSX-listed Mirabela Nickel produced 15 175 t of concentrate at its Santa Rita nickel mine, in Brazil, yielding 1 991 t of contained nickel in concentrate, in the first three months of the year, it reported on Friday. The Brazil-focused miner posted a A$25,17-million loss for the quarter... 

Cost to build base metals mines heads 'through the roof' 

By: Liezel Hill     14th May 2010 It is becoming increasingly expensive to bring new base metals operations on line, which means prices will need to be strong to justify new mines, TD Newcrest analyst Greg Barnes said in Vancouver this week. The average capital intensity for new copper mines has more or less doubled, from... 

Ngasamo deposit to add ‘significantly’ to Dutwa resource – African Eagle

By: Creamer Media Reporter      10th May 2010 African Eagle has appointed consultant Snowden to undertake a formal resource estimate of the Ngasamo Hill deposit and an upgraded estimate of the larger Dutwa project, in Tanzania, it reported on Monday. African Eagle MD Mark Parker said that an infill drilling programme at the Dutwa main... 

Vale, union talks break down again on Sudbury contract

By: Liezel Hill     7th May 2010 Another round of contract talks between Vale Inco and the United Steelworkers have broken down, the company said on Friday. Brazilian-owned Vale met this week with union representatives for its operations in Sudbury and Port Colborne, with the assistance of mediator Kevin Burkett, in the hopes... 

Mincor moves to restart nickel flagship, but warns on ‘super tax’

By: Esmarie Iannucci     7th May 2010 Australian nickel miner Mincor on Friday said that it would restart production at its flagship Miitel nickel mine, in Western Australia. Site works at the project had restarted with initial production set to resume as early as next month, with the ramp-up to full production expected in July this... 

Western Areas reviews development project on tax concerns

By: Esmarie Iannucci     6th May 2010 Nickel sulphide producer Western Areas is reviewing the development of its third mine in Western Australia, in the wake of the proposed tax changes in the country. The Diggers South project, which forms part of an 80 km long nickel system, would now be subject to funding investigations, the... 

Victory Nickel files EIS for Minago project

By: Liezel Hill     5th May 2010 TSX-listed Victory Nickel has completed an environmental impact statement (EIS) for its Minago sulphide nickel deposit in Manitoba's Thompson Nickel belt, and submitted the document to regulators in the Canadian province, the firm said on Tuesday. "Completion of the EIS and submission of the... 

HudBay Minerals swings to Q1 profit

By: Liezel Hill     4th May 2010 Canadian base-metals miner Hudbay Minerals earned C$23,6-million in the first quarter, compared with a C$4-million loss in the same period of 2009, helped by stronger metals prices in the first three months of this year. Revenue for the quarter rose 49% year-on-year, to C$240,32-million. 

BHP’s Leinster nickel mine back to full production

By: Esmarie Iannucci     3rd May 2010 Diversified miner BHP Billiton’s Leinster nickel operation, in Western Australia, is back to full production, after operations were halted following a fatality. Spokesperson Fiona Martin told Mining Weekly Online on Monday that the company was working with the Department of Mines and Petroleum... 

Exploration junior African Eagle sees ‘bright future’ for nickel

By: Chanel de Bruyn     30th April 2010 London-listed African Eagle chairperson Euan Worthington remained upbeat about the prospects for nickel and was confident that the company had identified a number of prospects amenable to low-cost leaching. With the release of the exploration company’s preliminary results for the year ended... 

Doe Run given to end-July to reopen smelter

By: Francisca Pouiller     28th April 2010 Doe Run Peru been granted another 30 days to prepare for a restart of its La Oroya smelter, but the government of Peru warned that their would be penalties if the new deadline is not met. This would be the last extension the mining company would ask for, authorities said after a meeting held on... 

Sherritt posts Q1 profit

By: Liezel Hill     27th April 2010 Toronto-based Sherritt International swung to a first quarter profit this year, helped by stronger nickel, cobalt and energy prices. The company earned C$59,7-million, compared with a net loss of C$42,9-million a year earlier, when the firm recorded a charge on the sale of oil and gas assets. 

Yukon Zinc reports another fatality

By: Liezel Hill     26th April 2010 Vancouver-based Yukon Zinc has suspended construction and underground activities at its Wolverine project, after a worker died in an underground accident on Sunday. William Fisher was one of three employees of contractor Procon that were working in a stabilised area of the mine when the ground... 

Anglo reports first-quarter output growth

By: Chanel de Bruyn     22nd April 2010 Diversified mining group Anglo American recorded output growth in the majority of its business units during the first quarter of this year. The miner reported a 23% increase in iron-ore output, a 7% increase in copper production, a 7% increase in nickel output, a 32% increase in metallurgical... 

Highland Pacific says PNG project still delayed

By: Esmarie Iannucci     21st April 2010 ASX-listed Highlands Pacific on Wednesday reported that the National Court in Mdang has upheld an interim injunction to delay construction activities of the deep-sea tailings displacement (DSTP) facilities, being constructed as part of its Ramu nickel/cobalt project, in Papua New Guinea. The... 

BHP resumes surface mining operations at Leinster

By: Esmarie Iannucci     14th April 2010 Diversified giant BHP Billiton on Wednesday reported that surface operations at its Leinster mine, in Western Australia, had resumed, after mining operations were suspended following a fatality on Sunday. BHP Billiton spokesperson Fiona Martin told Mining Weekly Online that underground... 

Toho Zinc rejects Nyrstar latest CHB offer, punts own proposal

By: Esmarie Iannucci     14th April 2010 The largest shareholder of mineral resources developer CBH Resources, Toho Zinc, on Wednesday said that the takeover offer presented by Belgium-based Nyrstar was “incomplete”, “non-binding”, and “highly conditional”. Nyrstar this week improved its offer for CBH after twice being rejected. The... 

BacTech inks pact with Cobalt tailings owner

By: Liezel Hill     13th April 2010 Toronto-based BacTech Mining, which hopes to use its patented bioleaching technology to reprocess and neutralise historic arsenic-laden mine tailings, has signed an agreement giving it access to as much as 10-million tons of tailings in northern Ontario, the company reported on Tuesday. BacTech... 

Minara lifts nickel output at WA mine

By: Esmarie Iannucci     12th April 2010 Australia’s second-largest nickel producer Minara Resources reported on Monday that its Murrin Murrin mine, in Western Australia, produced 7 832 t of nickel and 549 t of cobalt in the first quarter, ended March 31. This was compared with the previous corresponding three-month period’s output of... 

Nyrstar improves takeover offer for CBH

By: Esmarie Iannucci     12th April 2010 Belgium-based Nyrstar has upped its offer for ASX-listed CBH Resources to A$0,195 a share, after CBH rejected the previous bid in March, in favour of a deal with majority shareholder Toho Zinc. Nyrstar has already sweetened its offer for CHB twice. It had initially offered A$0,13 a share, but... 

Mincor may reopen Miitel nickel mine

By: Esmarie Iannucci     8th April 2010 ASX-listed nickel-miner Mincor Resources may reopen its Miitel mine, in Western Australia, which it placed on care-and-maintenance in December 2008, when the nickel price plummeted. Mincor MD David Moore said on Thursday that it had started a reopening study, which would take into account... 

Australian explorer to buy 75% of African Eagle’s Igurubi project

By: Chanel de Bruyn     7th April 2010 Nickel explorer African Eagle was planning to sell its 75% interest in the Igurubi Gold exploration project, in Tanzania, to Australian explorer Peak Resources in a share deal. The transaction valued the project at about A$4,4-million, or £2,6-million, and would allow the Aim- and AltX-listed... 

South Africa has opportunity to become centre of mining finance – Davis

By: Martin Creamer     6th April 2010 South Africa has an opportunity to become a centre of mining finance for Africa as the continent becomes the world's next major producer of copper and cobalt, Xstrata CEO Mick Davis said on Tuesday night. Davis told the Wits Business School audience that it was just a matter of time before... 

Jinchuan offers C$150m for nickel miner Crowflight

By: Liezel Hill     6th April 2010 China's Jinchuan Group has made a C$150-million cash offer for Toronto-based Crowflight Minerals, which operates the Bucko Lake nickel mine in Canada's Manitoba province. Shares in the Canadian company jumped 41,18% on Tuesday morning, to C$0,24 apiece, topping the implied value of the Jinchuan... 

Crowflight posts Q4 loss after write down

By: Liezel Hill     1st April 2010 Canadian nickel miner Crowflight Minerals recorded a fourth-quarter net loss of C$22,3-million, compared with a C$28,9-million profit a year earlier, the company said on Thursday. The net loss figure included a C$33,7-million pre-tax write down on certain assets. 

Western Areas starts nickel mining at Spotted Quoll

By: Esmarie Iannucci     1st April 2010 Nickel producer Western Areas has started production at its Tim King Pit at the Spotted Quoll project, in Western Australia, two weeks ahead of schedule. Around 1 600 t of supergene sulphide mineralisation, averaging 4,8% nickel, containing 77,2 t nickel, has been mined since March 29. This is... 

Vale Inco office workers vote to ratify contract

By: Liezel Hill     31st March 2010 Unionised office, technical and professional workers at Vale Inco's Sudbury operations have voted in favour of ratifying a new three-year collective agreement, the company said on Wednesday. More than 3 000 mine, mill and smelter workers at Vale's Sudbury operations have been on strike for more... 

Western Areas raises A$125m through bonds

By: Esmarie Iannucci     26th March 2010 Australian nickel producer Western Areas would use part of the A$125-million raised through the issue of convertible bonds to complete the feasibility study of its Spotted Quoll underground mine, in Western Australia. An initial ore reserve of around 70 200 t contained nickel has recently been... 

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