Global miner Xstrata announced Tuesday it plans to invest a further $530 million to develop new projects at Raglan mine in northern Quebec. The U.K.-based company says the investment will allow it to further develop the nickel project.
Reuters reported that Nickel Asia Corporation, the Philippines' largest nickel producer, is partly owned by Japan's Sumitomo Metal Mining Co Limited. The Southeast Asian country was the world's third biggest producer of nickel ore last year, behind
Contractor VDM Group has signed a $40 million contract with BHP Billiton at its Kambalda nickel operations.VDM's Perth-based subsidiary Cape Crushing and Earthmoving Contractors will handle the five years of work at the Kambalda Nickel Concentrator.The
European Nickel (LON:ENK) remains well funded with cash of US$7.54 million, its latest quarterly update reveals. This compares with US$10.91 million at the start of period, though the company’s direct shipments from its Acoje project in the Philippines.
Commodity Online reported that Mirabela Nickel Limited has sold 3909 tonnes of nickel in Q2 2011, up by 88% QoQ. Production at its Brazilian mine boosted by 20% to 3395 tonnes. However, cash costs also rose by 13% to USD 7.85 from USD 6.97 during the
Bloomberg reports nickel surplus may narrow on increasing stainless-steel demand from China and stalled mining projects have lowered prices.
Post by Krista Smith, Nickel Researcher Reuters Africa reports Norilsk Nickel (LON:MNOD) sold 136,400 tonnes of nickel in the first half of the year at an average price of $25,923 per tonne. The market news is quoted as saying, Sprogis said investor
What, pray, is a nickel-iron alloy ore? That’s a question that holds no mystery to the management and shareholders of First Point Minerals, which has just identified its first drill-ready nickel-iron alloy target on the Klow project in central British Columbia.
Gerard H. Brimo is the speaker for the next Philippine Mining Luncheon on August 5. 2011. His topic is a Rebuttal to the Save Palawan Movement that is calling on Filipinos to support the 'No to Mining in Palawan'. Brimo is President and CEO of Nickel Asia Corp (NAC) and a member of the Audit Committee of the board.
Australia's Highlands Pacific and China Metallurgical Group can now power on their $1.5 billion Ramu nickel project in Papua New Guinea after a judge threw out the environmental challenge to the project's planned deep-sea disposal of tailings after an 18-month legal battle. Ramu is situated on Papua New Guinea's north-west coast and is completely built – annual production is estimated at more than 31,000 tonnes of nickel and 3,300 tonnes of cobalt for over 20 years.