Climbing nickel output to cast shadow on prices
"Current price moves are a knee jerk reaction to the Vale news," said BMO Capital Markets analyst Kash Kamal.
"Current price moves are a knee jerk reaction to the Vale news," said BMO Capital Markets analyst Kash Kamal.
The miner is looking to further boost sales of medium- and high-grade ores this year to 60 percent of total sales, with low-grade ores accounting for 40 percent.
Pancon revealed that its objective for the initial phase of Montcalm’s program is to drill at least 4,500 metres to test a series of new conductor targets identified in 2018.
The termination of the agreement will also enable Nornickel to pursue its own strategy for the African assets.
Global demand for nickel is seen increasing by 3.4 percent in 2019 from this year to 2.339 million tonnes.
Sunrise is one of the highest grade and largest nickel and cobalt deposits outside of Africa and one of the largest and highest grade scandium deposits in the world.
The deal is to supply 15 million tonnes of nickel ore over a period of five to eight years, beginning March 2020.
Nickel is one of Cuba’s most important exports, but revenue from it has suffered in recent years due to a decline in production and prices.
MICROMINE has signed a major contract with Independence Group to help drive productivity and cost efficiencies at the Nova nickel-copper-cobalt Operation.
Larco, which is 55% owned by the Greek state, owes about 280 million euros in unpaid electricity bills to state-controlled power utility Public Power Corp.