R/€ = 16.95 Change: -0.01
R/$ = 16.63 Change: -0.01
Au 1789.09 $/oz Change: 11.84
Pt 946.00 $/oz Change: 11.50

Nickel News

Miner targets platinum, coal and nickel expansion

30th November 2007 Diversified mining group Xstrata Resources (Xstrata) is targeting the platinum, coal, and nickel sectors in a move to achieve company growth.  

$3,2bn in place for Ambatovy nickel/cobalt project

By: Innocent Madawo     30th November 2007 Production at one of the world's largest nickel- and cobalt-mining and processing ventures, the Ambatovy project, in the Indian Ocean island nation of Madagascar, is set to begin in 2010. 

Japan helping South Africa towards creating technology-based economy

By: Esmarie Iannucci     30th November 2007 South Africa and Japan this month signed a joint statement on minerals.  

Canadians rope in Koreans to raise capital for Namibian uranium venture

By: Felix Njini     23rd November 2007 Toronto Stock Exchange-listed Forsys Metals Corporation has roped in Korean nuclear energy firm Korea Hydro & Nuclear Power Company (KHNP) to help raise capital for its Namibian uranium venture which, company officials say, is to take off in 2009. 

SA project house has big African aspirations

By: Jonathan Faurie     9th November 2007 Resources-focused project specialist TWP Consulting - part of TWP Holdings which will list on the JSE this month - is finalising the company's growth aspirations for Central Africa as part of its larger African expansion strategy, newly appointed TWP Consulting CEO Digby Glover tells Mining Weekly. 

Expansion to increase nickel production to 20 500 t

9th November 2007 South Africa 

Xstrata offers A$3,1bn for Australia’s Jubilee Mines

By: Matthew Hill     29th October 2007 Fast-growing diversified giant Xstrata on Sunday unveiled another acquisition, this time a A$3,1-billion recommended cash offer for Australian nickel producer Jubilee Mines. 

'Positive' results from Namibian drilling programme

By: Matthew Hill     23rd October 2007 Aim-listed base metals-producer Weatherly International on Tuesday said that it had seen “positive” results from exploration drilling at its Namibian Gross Otavi copper/lead prospect. 

Final feasibility study expected next month for Cameroon project

By: Olivia Soraya Spadavecchia     16th October 2007 TSX Venture-listed Geovic Mining's 60% owned subsidiary Geovic Cameroon (GeoCam) expects to release the final feasibility study (FFS) of the Nkamouna cobalt/nickel/manganese project next month. 

Jubilee reports 'exceptional' results from Tjate borehole

By: Matthew Hill     11th October 2007 Intersects grades of between 5,96 g/t and 11,05g/t platinum group metals. 

Top analyst points to cost risk of R3,2bn nickel expansion

By: Leandi Kolver     5th October 2007 African Rainbow Minerals and Russian mining company Norilsk Nickel have approved a R3,2-billion phase two mining expansion at the Nkomati nickel mine, in Mpumalanga. 

Zambezi Nickel announces name change

26th September 2007 Aim-listed Zambezi Nickel has changed its name to Lithic Metals & Energy, the firm said on Wednesday. 

Arm, Norilsk approve R3,2bn Nkomati expansion

By: Mariaan Webb     26th September 2007 The owners of the Nkomati nickel mine, in Mpumalanga, have approved a R3,2-billion expansion plan to quadruple the yearly production of the mine to 20 500 t. Joint owners African Rainbow Minerals (Arm), a black-owned South African company, and Norilsk Nickel, from Russia, said on Wednesday that... 

Citigroup to advise on development of Cameroon cobalt-nickel project

18th September 2007 Toronto-listed Geovic Mining�s 60%-owned subsidiary, Geovic Cameroon, has apppointed Citigroup as its exclusive financial advisor for the development and construction of the Nkamouna cobalt-nickel project in Cameroon, the firm said on Tuesday. 

Jubilee widens loss on once-off costs

By: Matthew Hill     17th September 2007 Aim- and JSE-listed exploration and development company Jubilee Platinum said on Monday that its after-tax loss for the year ended June 30 was 1,74-million pounds, or about R25-million, compared with the figure of 738 409 pounds, or about R10,6-million, for the previous year, after costs to list... 

Low-hanging fruit still in Africa, says Motsepe

By: Christy van der Merwe     14th September 2007 With a focus on accelerating exploration and production build-up in Africa, diversified miner African Rainbow Minerals (Arm) increased exploration expenditure to R126-million, through TSX- and JSE-listed exploration and mining company Teal. 

Norilsk appoints LionOre's Breese to head international mining ops

By: Matthew Hill     11th September 2007 World-number one nickel and palladium-producer Norilsk Nickel on Tuesday announced that former LionOre COO Peter Breese would take over as the group�s CE for international mining and metallurgical operations, under deputy director-general Tav Morgan. 

Dwyka prepares to start drilling at Burundi nickel prospect

11th September 2007 Australian listed Dwyka Resources would start drilling at its Muremera nickel project, in Burundi, in the next two weeks, CEO Melissa Sturgess said on Tuesday. 

Albidon expects cash costs of only $2/lb at Zambian nickel mine

6th September 2007 Emerging Australian nickel producer Albidon says the current price differential between production and sales costs will provide rapid payback for its first mine, in Zambia. 

Eyebrows go up as Arm pays maiden dividend, plans big capex roll-out 

By: Matthew Hill     3rd September 2007 Black-owned diversified miner African Rainbow Minerals (Arm) announced its first dividend payment on Monday, amounting to R315-million. However, a local mining analyst questioned the prudence of the timing of the payout, when viewed in light of the company's planned capital spend of... 

Interim plant commissioned ahead of schedule at Nkomati project

By: Matthew Hill     3rd September 2007 The Nkomati nickel mine joint venture owners announced jointly on Monday that they had commissioned the R384-million interim plant in budget and ahead of schedule, and that full production would be reached earlier in the fourth quarter than originally anticipated. 

Discovery Metals moves to final testing phase at Botswana nickel project

By: Olivia Soraya Spadavecchia     31st August 2007 Metallurgical tests, based on oxidation heap leaching of samples of nickel-copper sulphide mineralisation from Discovery Metals' Dikoloti nickel project in northeast Botswana, are progressing to their final phase of testing following positive initial tests. 

Sipho Nkosi to take the helm at Exarro

By: Matthew Hill     31st August 2007 Spring day, September 1, has traditionally signified a season of new beginnings, which which will ring particularly true in the case of South Africa�s biggest black-owned mining firm, Exxaro Resources, when Sipho Nkosi replaces Dr Con Fauconnier as CEO on the day.  

Nothing to suggest that stable aluminium prices will move up or down significantly

By: Irma Venter     31st August 2007 London-based Natixis Commodity Markets (NCM) projects a relatively balanced aluminium market this year, with the deficit expected at 50 000 t for 2007, compared to last year’s 357 000 tons. 

Implats to surpass R25bn 5yr capex plan if proposed 17 shaft goes ahead

By: Matthew Hill     30th August 2007 World number-two platinum producer Impala Platinum (Implats) could lift its five-year planned capital spend well beyond the R25-billion announced in June if directors approve a project to build a new 17 shaft, which would cost 'substantially more' than R3-billion, its chief said on... 

Zimplats on shaky ground as Zimbabwe moves to pass controversial bill

By: Matthew Hill     30th August 2007 The world's second-biggest platinum producer, Impala Platinum (Implats), said on Thursday that it had no closure on what its standing in Zimbabwe would be after a far-reaching bill being drafted by the government was passed, and did not expect to know anytime soon. 

Explorer gears up for precedent-setting AltX listing

By: Matthew Hill     23rd August 2007 Aim-listed exploration firm African Eagle Resources, which debuts on Johannesburg's burgeoning AltX on Friday, could be the first of many Aim-listed exploration companies to join the Johannesburg bourse, it said on Thursday. 

Norilsk integrates African ops after LionOre deal, may turn acquisitive later

By: Matthew Hill     21st August 2007 World number-one nickel and palladium producer Norilsk Nickel, which in June bought nickel miner LionOre, said last week that the acquisition created a strong platform for further growth in Southern Africa, but that it was in no hurry to make further buyouts. 

Norilsk may build Activox plant to more than quadruple output at Nkomati

By: Matthew Hill     17th August 2007 World number-one nickel producer Norilsk Nickel could build a smelter/refinery, boasting its patented Activox technology,at its 50%-owned Nkomati mine in Mpumalanga, which would allow it to increase production from 5 000 t/y of the silvery metal to some 22 000 t/y in 2012, it said on Friday. 

Exxaro's earnings leap 61% on soaring commodity prices

By: Matthew Hill     16th August 2007 South Africa's biggest black-owned mining company Exxaro Resources reported on Thursday that its earnings for the six-months ended June 30 shot up 61% year-on-year to R839-million, or R2,46 a share, on the back of buoyant commodity prices. 

Base-metals miner Lundin's Q2 earnings jump 86%

By: Matthew Hill     14th August 2007 Vancouver-domiciled base metal producer Lundin Mining on Tuesday reported net earnings for the quarter ended June 30 of $160-million, translating to an 86% year-on-year rise in basic earnings a share, to US56c a share. 

Madagascan prospect to receive $1,25m more for exploration

By: Matthew Hill     6th August 2007 Junior platinum exploration and development firm Jubilee Platinum and its partner in Madagascar, Impala Platinum (Implats), will spend up to $1,25-million in the second exploration phase at their Ambodilafa nickel, copper, and platinum prospect in the country, the two announced jointly on Monday. 

Anglo American interim earnings jump 22% to record $3,1bn

By: Matthew Hill     3rd August 2007 One of the world's biggest mining groups, Anglo American, said on Friday that its operating profit for the six months ended June 30 had increased by nearly 20% year-on-year, to $5,5-billion, or about R40-billion, while underlying earnings reached a record $3,1-billion, or some R22-million,... 

Burundi nickel prospect shows similarities to nearby Kabanga project - Dwyka

By: Liezel Hill     30th July 2007 Aim- and ASX-listed Dwyka Resources said on Monday that drilling at its Muremera nickel project, in Burundi, had indicated that similarities exist between the Muremera orebody and that of the adjacent Kabanga project, in Tanzania, which is being developed by Xstrata and Barrick Gold. 

Angloplat H1 headline earnings up 47%

By: Matthew Hill     30th July 2007 World number-one platinum producer Anglo Platinum (Angloplat) said on Monday that its headline earnings for the half-year ended June 30 had increased by 47% to R29,43 a share, on the back of soaring metal prices and a weaker rand/dollar exchange rate. 

'World zinc, lead stocks at critical low'

By: Martin Creamer     25th July 2007 World zinc and lead stocks had reached a critical low, Mount Burgess Mining MD Nigel Forrester said in Gaborone on Wednesday.  

Bateman Engineering wraps up R117,6m acquisition

11th July 2007 Engineering project house Bateman Engineering has completed the acquisition of Metplant Engineering Services for A$19,55-million, or about R117,6-million, boosting the company's nickel and gold process engineering capability. 

Shield granted another prospecting permit in Mauritania

By: Matthew Hill     4th July 2007 ASX-listed explorer Shield Mining (Shield) announced on Wednesday that it had received yet another permit to search for gold and base metals in Mauritania. 

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