Botswana’s Tati Nickel Mine out of liquidation after court ruling
When it was placed under liquidation, Tati had incurred a cumulative loss of 1.6 billion pula ($165 million) and owed creditors one billion pula.
When it was placed under liquidation, Tati had incurred a cumulative loss of 1.6 billion pula ($165 million) and owed creditors one billion pula.
New lab discovery uses molybdenum to solve problems of lithium sulphur batteries, doing away with nickel and cobalt for cheaper, lighter, safer technology.
The review by the Mining Industry Coordinating Council is now set to take six months instead of three, according to the Department of Finance.
The company's Dumont cobalt and nickel project in Quebec is the world’s largest undeveloped reserve of both metals, with over 1 billion tonnes of reserves and a 33-year mine life.
The dispute is part of a long-running battle for control of Nornickel, a $30 billion company that is one of the world's top nickel producers.
The market intelligence firm says global nickel ore production growth will continue to accelerate in 2018 as major producer countries see a recovery in production levels following subdued output in 2017.
The EV story is a strong, slow-burn bull case for higher nickel prices.
The car industry is moving towards making electric car batteries with a higher ratio of nickel.
The ownership dispute is part of a long-running battle for control of Nornickel, a $33 billion mining company.
After a five-year peace deal ended in December, the power struggle between two major Nornickel shareholders resurfaced earlier this month.