Philippines’ top nickel miners halt operations
Nickel Asia Corp and Global Ferronickel Holdings Inc, are suspending mining and export operations in a southern province to comply with coronavirus-containment measures.
Nickel Asia Corp and Global Ferronickel Holdings Inc, are suspending mining and export operations in a southern province to comply with coronavirus-containment measures.
Five holes intersected this zone, returning intercepts that include 7.5 metres of 1.7 g/t palladium and platinum.
Mining operations in Surigao del Norte had been suspended from April 1.
The spread of the coronavirus has halted production among many consumers of nickel and palladium, including makers of electric and other vehicles.
Indonesia, once the world's biggest nickel ore exporter, started banning exports of nickel ore in January.
Bystrinsky is the largest greenfield project in the Russian metals industry.
Nornickel, the world's largest producer of palladium, has been hit hard by the coronavirus pandemic.
Next generation batteries will have 80% nickel, 10% cobalt and 10% manganese.
The Vancouver-based miner is awaiting assays from the new discovery to validate the Saskatchewan project’s potential.
After a drop this year, Fitch analysts expect by 2029, global annual nickel production to reach 2.8mnt.