10-SEP-2011 Intellasia | Jakarta Globe Free newsletter - click here In a move expected to give eastern Indonesia an economic boost, a French mining group plans to invest in a nickel mining project in North Malaku. "Eramet will have spent around $450
The Columbus Republic reports opponents of a planned nickel and copper mine in Michigan's Upper Peninsula are asking a judge to put a state-issued permit for the project on hold ahead of initial blasting expected later this month. Four organizations have asked a judge to issue a stay while considering an appeal of the Department of Environmental Quality's 2007 decision to grant Kennecott Eagle Minerals, a subsidiary of Rio Tinto, a permit. Kennecott Eagle is targeting an underground ore deposit that would be the only US mine where nickel is the primary mineral generated instead of a byproduct. The mine could yield up to 300 million pounds of nickel and about 200 million pounds of copper.
Reuters reported that the National Union of Mineworkers plans to begin a strike at African Rainbow Minerals' Nkomati Nickel mine on September 5th 2011. The trade union is striking over wages.
Bloomberg reported that orders to draw nickel from stockpiles monitored by the London Metal Exchange rose to the highest level since April 2011 on gains in Singapore and Rotterdam.
- European Nickel PLC (the "Company") (AIM, PLUS, ASX: ENK) is pleased to announce that, effective today, it has changed its name to ENK PLC following approval at the Company's AGM, held on 30 August 2011. There is no change to the London Stock Exchange
KOFU-SHI, JAPAN--(Marketwire - Aug 30, 2011) – Researched by Industrial Info Resources East Asia (Kofu-shi, Japan) -- Southeast Asia metals and minerals projects currently account for approximately 5% of Industrial Info's global capital Metals & Minerals Industry coverage, representing more than $100 billion in capital investments
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 30, 2011) - North American Nickel Inc. ("NAN") (TSX VENTURE:NAN)(OTCBB:WSCRF) (CUSIP: 65704T 108) is pleased to announce that it has commenced a field campaign to evaluate prospective areas within its 4,841 km2exclusive mineral exploration licence. Electromagnetic anomalies, identified from a recent re-interpretation of a 1995 GeoTEM fixed wing survey, along with other areas of interest derived from compilation of previous work and satellite imagery will be ground checked in order to prioritize areas for helicopter borne time domain electromagnetic (TEM) surveying planned for September and October.
Shares of Minara Resources jumped 36% today on news of a takeover bid by Swiss-based commodities trader Glencore Resources. Glencore, which went public in May with an astonishing $11 billion IPO, is seeking to buy a minority position in Minara, of which it already owns 73.4%, for AU$268 million.
Standard & Poor's has kept its BBB- long term corporate credit and ruAA+ Russia national scale ratings on Russian mining and metal group MMC Norilsk Nickel on CreditWatch with negative implications.
International Nickel Indonesia sees its output at 71,000 tonnes in 2011, lower than its average annual output at 73,000 tonnes.