According to data released by Russian Customs, Russia exported 84,400 tonnes of nickel in the first half of 2011, down by 17.3% YoY. However, the country's nickel export values in the first six months of 2011 increased slightly by 0.6%.
Victory Nickel Inc. announced Wednesday improved economics for its 100%-owned Minago nickel project in Manitoba. The improvement arises from a 24% increase in pit constrained measured and indicated resource announced earlier this year. The increased resource has extended the mine life from the Nose Deposit open pit from approximately seven years to approximately nine years.
Proactiveinvestors reports Regency Mines announced on Wednesday that its drilling work is continuing on the Mambare nickel joint venture in Papua New Guinea, but that visa delays may impact the planned work programme. The company said that the delays, caused in part by political uncertainty surrounding the appointment of a new government, could restrict the scale of the drilling programme. Papua New Guinea last week swore in a new PM and cabinet sweeping aside the old guard ahead of general elections next year.
North American Nickel has discovered a previously undetected Quartz Diorite dyke in outcrop located in the north central portion of the Post Creek property which is approximately 2.8 kilometers north of the currently producing Quadra FNX Podolsky copper mine.
Amid a weakening trend overseas and sluggish local demand, copper and nickel prices fell further by Rs 5 per kg in the local non-ferrous metal market on Saturday.
Xstrata plc has approved two Xstrata Nickel projects totaling USD 649 million as it continues its investment in growth options within its Canadian portfolio. Xstrata Nickel?s development of the USD 530 million Raglan extension project in Northern Quebec
Amid a weakening trend overseas and sluggish local demand, copper and nickel prices fell further by Rs 5 per kg in the local non-ferrous metal market today. In the national capital, copper wire scrap, copper wire bar and copper mixed scrap remained under
TSX-listed Hudbay Minerals is to sell its Guatemalan Fenix project to Cyprus-based Solway Group for $170-million, the company said late on Friday. Solway, which owns mines in the Ukraine and Macedonia, will pay $140-million in cash on closing and $30-million once certain milestones in the nickel project’s development are reached, Hudbay said.
The board of Western Areas has announced that due to continuing high levels of production from the Forrestania Nickel Project, shipments of nickel concentrate to Jinchuan Group in China are already several months ahead of the original schedule.
Reuters reported that Australia's Albidon Limited has cut its 2011 nickel concentrate output forecast by 21% at Zambia's Munali mine due to lower than projected ore production and quality.