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Nickel News

BHP will sell Ravensthorpe to First Quantum for $340m

By: Liezel Hill     9th December 2009 The world's biggest miner, BHP Billiton, has agreed to sell its shuttered Ravensthorpe nickel operation in western Australia to First Quantum Minerals for $340-million. The agreement is subject to relevant approvals from the Australian Foreign Investment Review Board and the West Australian... 

Xstrata to permanently shut Kidd plant in 2010

By: Chanel de Bruyn     8th December 2009 Diversified miner Xstrata will permanently close down its copper and zinc metallurgical plants at the Kidd Metallurgical site, in Timmins, Ontario, from May 1, 2010, the firm announced on Tuesday. The decision will affect about 670 workers. The group also announced it would record a total of... 

Mirabela commissions Santa Rita plant

By: Liezel Hill     8th December 2009 ASX- and TSX-listed Mirabela Nickel has successfully commissioned the plant at its Santa Rita operation, in Brazil, the company announced on Tuesday. All mechanical and electrical components have run to the installed nameplate capacity of 4,6-million tons a year and the operations team is now... 

Western Areas signs new nickel offtake deal with BHP

By: Esmarie Iannucci     8th December 2009 ASX- and TSX-listed Western Areas has inked an agreement with diversified miner BHP Billiton for an additional 2 000 t a year of nickel concentrate from ore blended at diversified resources group Kagara’s Lounge Lizard deposit, in Western Australia. Western Areas has previously signed an... 

FNX says Sudbury 'remains challenging', mulls acquisitions

By: Liezel Hill     7th December 2009 The situation in Canada's nickel-rich Sudbury region remains “challenging”, FNX Mining vice-president for investor relations Dave Constable said on Monday. “We don't know tomorrow morning whether things will change drastically on the strike line,” he said at a mining conference hosted by... 

Rio Tinto teams up with university to establish $11m sorting centre

By: Chanel de Bruyn     4th December 2009 Diversified miner Rio Tinto and the University of Queensland, in Australia, have established the Rio Tinto Centre for Advanced Mineral Sorting, at a cost of $11-million, to develop technologies for the separation and upgrading of minerals, such as copper and nickel, with increased efficiency.... 

FQM approves Finnish project, targets 2012 commercial output

By: Liezel Hill     30th November 2009 Vancouver-based First Quantum Minerals has approved the development of its Kevitsa nickel/copper/platinum-group-element (PGE) project in northern Finland, the company announced on Monday. The project is expected to cost around $400-million, and First Quantum is confident it can finance the... 

Santa Rita commissioning running smoothly - Mirabela

By: Liezel Hill     20th November 2009 The commissioning of the processing plant at TSX- and ASX-listed Mirabela Nickel's Santa Rita mine, in Brazil, is going to plan, with only "minor rectification issues" encountered, the firm reported on Friday. All mechanical and electrical components have run to the current installed nameplate... 

Crowflight halts Bucko Lake to complete development

By: Liezel Hill     17th November 2009 TSX-listed Crowflight Minerals has announced it will immediately suspend all production and lay off employees at its Bucko Lake nickel mine, in Canada's Manitoba province. The company, which posted a C$2,9-million loss for the third quarter, said that it will use the three-month shut-down to... 

Farallon assessing satellite deposits at Campo Morado

By: Liezel Hill     17th November 2009 Vancouver-based Farallon Mining expects to have completed a preliminary economic assessment on four satellite deposits at its Campo Morado property, in Mexico, in the first quarter of next year, CEO Dick Whittington said on Tuesday. Farallon achieved commercial production at its G-9 polymetallic... 

Brazilian unions approve 2yr Vale contract

By: Liezel Hill     17th November 2009 The world's second-biggest mining company, Vale SA, has concluded labour negotiations with its Brazilian unions, but remains at odds with workers at its Sudbury, Port Colborne and Voisey's Bay operations, in Canada. In Brazil, a deal was reached with 14 labour unions, representing 40 000 Vale... 

FNX Mining Q3 loss widens

By: Liezel Hill     12th November 2009 Toronto-based FNX Mining has posted a bigger third-quarter loss this year than in 2008, after revenue dropped 75% and the firm recorded a big impairment charge on its holding in fellow Canadian Gold Wheaton. Brazilian-owned Vale Inco, which has a long-term processing agreement covering all FNX... 

Jien gets 77% Canadian Royalties shares, extends offer

By: Liezel Hill     11th November 2009 Jien Canada, the company formed by China's Jilin Jien Nickel Industry Co and Canadian junior Goldbrook Ventures, has satisfied all of the conditions of its offer for Canadian Royalties and extended the offer for an extra ten days, it said on Wednesday. Jien Canada now owns about 76,66% of the... 

African Eagle exercises option to earn stake in Tanzanian deposit

By: Esmarie Iannucci     6th November 2009 Africa-focused mineral explorer African Eagle on Friday reported that it had successfully completed the drilling programme to define the margins of the Wamangola Hill deposit, at the Dutwa nickel project, in Tanzania. “We recently received preliminary assay results from the first few drill... 

South African mining groups doing well in South America

By: Keith Campbell     6th November 2009 South America is a continent whose richness in natural resources became legendary through myths such as El Dorado or the Emerald Mountain. 

HudBay sees mid-2010 decision on Guatemala nickel project 

By: Liezel Hill     4th November 2009 Canadian base-metals miner HudBay Minerals expects to make a final decision on whether to proceed with the Fenix nickel project, in Guatemala, around the middle of next year, CEO Peter Jones said on Wednesday. The company is trying to come up with a low-cost power solution for the project, which... 

Mirabela produces first nickel concentrate at Brazil mine

By: Liezel Hill     4th November 2009 TSX- and ASX-listed Mirabela Nickel has produced the first nickel concentrate from its Santa Rita project, in Brazil, the company announced on Tuesday. “The commissioning of the crushing, grinding and flotation circuits is progressing well,” Mirabela reported. 

Minara Resources in negotiations to buy BHP Billiton’s Ravensthorpe operation

By: Esmarie Iannucci     2nd November 2009 Australian nickel producer Minara Resources on Monday confirmed that it was in negotiations with diversified giant BHP Billiton regarding the sale of its Ravensthorpe project, in Western Australia. The nickel miner reported that as part of its due diligence process, it was exploring various... 

Chinese group commissions 150 000-t/y copper smelter in Zambia, despite economic slowdown

30th October 2009 Zambia’s President Rupiah Banda last week commissioned the Chambishi copper smelter, which is owned by China Nonferrous Metal Mining Group (CNMMG). 

Braemore’s shares suspended on Aim

By: Creamer Media Reporter      29th October 2009 The shares of JSE-listed nickel and platinum producer Braemore Resources were suspended on the Aim on Thursday, pending a court hearing to sanction the acquisition of the company by platinum-miner Jubilee. Braemore shareholders had approved the deal on October 7, after Jubilee had made an offer... 

Sherritt 'confident' on Ambatovy project schedule

By: Liezel Hill     28th October 2009 Toronto-based Sherritt International does not have any concerns at this point with meeting the scheduled timeline for its Ambatovy nickel project, in Madagascar, CFO Dean Chambers said on Wednesday. The project is scheduled for mechanical completion by year-end 2010. 

Vale Inco makes no change to Sudbury plans

By: Liezel Hill     27th October 2009 Brazilian-owned Vale Inco has not changed its operating plans in Sudbury, Ontario, beyond what it has already announced, spokesperson Cory McPhee said on Tuesday. Local media reported this week that the company, which restarted partial production in Sudbury this month using nonstriking workers,... 

Jaguar Financial, Canadian Royalties trade blows over Chinese offer

By: Liezel Hill     21st October 2009 Canadian nickel junior Canadian Royalties and merchant bank Jaguar Financial are squaring up for a fight, after Jaguar announced on Wednesday it opposes and may try to block the acquisition of Canadian Royalties by a company owned by China's Jilin Jien Nickel and Canadian junior Goldbrook... 

Australia’s Bass to build new base metals mine in Tasmania

By: Esmarie Iannucci     21st October 2009 Sydney-based Bass Metals on Wednesday reported that it was on track to kick-start the development of its Hellyer base metals project, in Tasmania, after a definitive feasibility study at the Fossey deposit proved it to be financially robust. The project was based on an initial ore production of... 

African Eagle expects updated Dutwa resource estimate early 2010

By: Chanel de Bruyn     20th October 2009 A 120-hole reverse circulation (RC) drilling programme has started at diversified minerals exploration company African Eagle Resources’ Dutwa nickel project, in Tanzania, for which it expects to have an updated resource estimate available in the first quarter of next year. The company noted in a... 

Norilsk H1 profit down 84%, beats forecast

By: Reuters     19th October 2009 Norilsk Nickel, the world's largest nickel and palladium miner, said on Monday lower metal prices pushed first-half profit down sharply, but the results beat analyst forecasts. Net profit attributable to shareholders fell 84% year-on-year to $419-million, above an average Reuters poll estimate... 

International Royalty files claim against Vale Inco

By: Creamer Media Reporter      16th October 2009 Brazilian-owned Vale Inco has been hit by a claim by International Royalty Corporation and partner Altius over alleged underreporting of sales and underpayments of royalties for Vale's Voisey's Bay operation, in Newfoundland and Labrador. International Royalty owns 90%, and Altius holds the... 

Canadian Royalties agrees to back sweetened Jien offer 

By: Liezel Hill     16th October 2009 Nickel junior Canadian Royalties has agreed to support an increased offer from Jien Canada, a company owned by China's Jilin Jien Nickel Industry Co and fellow Canadian Goldbrook Ventures, the firm announced on Friday. Canadian Royalties had rejected an earlier offer from Jien Canada as too low... 

Australia’s nickel sector is ‘well worth protecting’ – Poseidon

By: Esmarie Iannucci     15th October 2009 Australian nickel explorer Poseidon Nickel CEO David Singleton on Thursday said that Australia’s nickel sector should not drop the impetus behind its research and development (R&D), in order to protect an inground resource worth over half a trillion dollars against potential loss of market... 

Australia’s Western Areas to double nickel output by next year

By: Esmarie Iannucci     15th October 2009 Australian nickel producer Western Areas on Wednesday reported that its nickel output could double to 20 000 t/y by 2010, as prices have started picking up again, pushing above $19 000/t. Western Areas MD Julian Hanna told the 2009 Australian Nickel Conference that the company had achieved all... 

Mirabela expects first nickel concentrates from Brazil mine in Nov

By: Esmarie Iannucci     15th October 2009 The new Brazilian nickel mine owned by Australia’s Mirabela Nickel has the potential to deliver 4% of total global production and become a “significant world producer”, MD Nick Poll said on Thursday. Addressing the 2009 Australian Nickel Conference, Poll said that an initial annual output of 26... 

Worthington to succeed Park as African Eagle chairperson

By: Creamer Media Reporter      15th October 2009 Aim- and AltX-listed African Eagle Resources has appointed Euan Worthington as nonexecutive chairperson, following the retirement of former chairperson John Park on Wednesday. Park had been chairperson of the diversified minerals exploration company since 1998. 

Heron searching for partner to develop Kalgoorlie nickel project

By: Esmarie Iannucci     14th October 2009 ASX-listed nickel explorer Heron Resources on Wednesday reported that a partner search has been initiated in China and Australia to develop the company’s current one-billion ton Kalgoorlie nickel project (KNP), in Western Australia. Addressing the first day of the 2009 Australian Nickel... 

Long-term nickel price 'turns the corner' – analyst

By: Esmarie Iannucci     14th October 2009 The price of nickel would continue to rise overcoming decades, even though there would be periods during which the base metals might grapple with price fluctuation within a new “super cycle”, analyst Martin Pyle said at a conference on Wednesday. The long-term nickel floor price had “turned the... 

Zim Mining Indaba to be an annual event

By: Jonathan Faurie     9th October 2009 The future of the Zimbabwe Mining Indaba has been cast in stone after the 2009 Indaba was seen as a resounding success by the Zimbabwe Ministry of Mines and Mining Development. 

SA contract miner clinches Zambia deal

By: Talent Ngandwe     2nd October 2009 Zambia’s largest copper producer, Konkola Copper Mines (KCM), has engaged South African mining contractor Moolmans to undertake mining operations at its Chingola openpit A. 

Braemore to decide on new SA smelter next week

By: Esmarie Iannucci     1st October 2009 Nickel and platinum processor Braemore Resources would decide on the future of a new South African smelter at a general meeting next week, CEO Leon Coetzer said on Thursday. Speaking to Mining Weekly Online, Coetzer said that one of the initial conditions between the company and its suitor,... 

Vale Inco ready to start partial production in Sudbury 

By: Liezel Hill     30th September 2009 Brazilian-owned Vale Inco expects to restart some operations at its Sudbury, Ontario, mill this week, with no end in sight to an 11-week strike by members of the United Steelworkers union employed by the company. “We are ready to resume partial production at our operations in Sudbury,”... 

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