Prony Resources plans for restart of nickel production in New Caledonia
The company, which operates the Goro mine and a plant producing battery-grade nickel, returned workers to facilities on Monday.
The company, which operates the Goro mine and a plant producing battery-grade nickel, returned workers to facilities on Monday.
The world's biggest nickel producer has bought record volumes of the ore from the Philippines since April.
The plant will process nickel laterite ore from the Vale unit into 66,000 tons of mixed hydroxide precipitate annually.
The plant would produce 500,000 tons of refined copper a year using concentrate shipped from Russia.
The fundraising comes as benchmark nickel prices trade near a four-year low amid weaker demand from the stainless steel market.
The plan is targeting an increase in the scale of the new energy storage manufacturing industry to match demand by 2027.
Highlights TORONTO, Nov. 5, 2024 /CNW/ – Canada Nickel Company Inc. (“Canada Nickel” or the “Company“) (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce it has intersected […]
Sumitomo will have the right to earn up to an 80% interest in the project by spending at least C$8 million on exploration.
Rusal is suing Nornickel's CEO, claiming he violated a shareholder agreement signed in December 2012.
Sumitomo has been struggling to stabilise production and improve profitability at the Madagascar project, which launched in 2005.
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