South32’s Colombia ferronickel unit avoids strike with mine unions
South32 produces nickel from ferronickel in an open pit mine near the municipality of Montelibano, in the western department of Cordoba.
South32 produces nickel from ferronickel in an open pit mine near the municipality of Montelibano, in the western department of Cordoba.
Was it another false dawn for the nickel market?
Benchmark's MD Simon Moore told the Senate Committee on energy that 70 battery megafactories are in global production – up from 17 .
"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.
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