Clive Palmer and the nickel refinery collapse that wasn’t
Clive Palmer could walk away from the administration linked to his Queensland Nickel refinery without losing the assets and leave creditors out in the cold.
Clive Palmer could walk away from the administration linked to his Queensland Nickel refinery without losing the assets and leave creditors out in the cold.
He said he would open up after a creditors meeting next week in Townsville, where his his Queensland Nickel company is based.
It's been a rough start to 2016 for Australian nickel producers with low prices, job cuts and mine closures across the nation.
Lundin Mining is developing a new nickel deposit that could extend the life of its Eagle nickel and copper mine in Michigan's Upper Peninsula.
The last thing two of the world’s biggest mining companies, BHP Billiton and Vale , need today is speculation that after the disaster at their jointly owned Samarco iron ore mine in Brazil they might also have to close big nickel-mining operations to stem a tide of heavy losses.
“We wanted to make sure the development of maintenance continues as it had before, and we saw that Quant has the capability to continue this development.”
Three dozen miners out of work, as low metals prices shutter operation earlier than expected.
Bourevestnik, Inc. has won the tender of OJSC MMC Norilsk Nickel for the supply of 5 X-ray slurry analyzers for Talnah concentrating mill.
Judge also orders compensation for indigenous people in the region following protests at mine responsible for 9% of Brazilian giant's nickel output.