Cuba sees nickel output topping 50,000 tonnes
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.
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.
Vale needs to sort out once and for all its problem child, Goro, and keep its fingers crossed that Tsingshan's announcement is, for now at least, "just talk".
New Caledonia could be a very important part of our strategy to supply nickel, especially given the EV revolution.
Using more nickel cuts costs by reducing the amount of expensive cobalt, a mainstay of current battery technology.
Expectations of a supply avalanche hitting the nickel market next year due to new capacity in Indonesia have sent prices to seven-month lows, but analysts doubt the plans spearheaded by Chinese firms can be carried out so quickly.
Nornickel’s current capex plan includes $6.5-7.5 billion for its base investment programme and $2.5 billion for its environmental programme.
The numbers are up thanks to the success of the company’s Moa JV with the Cuban Government.
Due to lower production amid bad weather and a slow ramp-up after a regular maintenance, Sumitomo now expects a loss of 13.6 billion yen.
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