Vale warns Canada nickel ramp-up will stretch into next quarter

The London-listed company said in February it had received environmental approval for the three-stage infrastructure upgrade.

Canada's largest diversified miner said that before beginning the copper mine upgrade, it would have to secure a development partner able to invest $2billion for up to 30% to 40% stake in the project.

If it goes ahead, the Rock Creek Mine would be built beneath the Cabinet Mountains Wilderness.

The company received environmental approval for the plan earlier this month, which aims to extend the life of the aging deposit and boost production.

In July, Belgrade invited bids for a partner to invest at least $350 million in debt-laden RTB Bor but did not say how big a stake it would offer in return.

The Nanchang-based company said its first-half net income came in at 1.28 billion yuan ($186.21 million), versus 830.2 million yuan a year earlier.

Announcement is nothing but good news to battery metals miners, which have seen demand for their mined commodities soar in the past year.

The global economy may well be headed for a serious downturn. But copper prices are no more indicative of that outcome than sunspots or any of the other forms of modern-day capitalist divination.

Can soil from an old, large stockpile still retain viable organics for successful site reclamation?