Power Nickel earns 80% of Nisk project in Quebec, adds polymetallic zone
The filing of a resource estimate in November qualified Power Nickel for 30% more in the project to conclude the earn-in agreement.
The filing of a resource estimate in November qualified Power Nickel for 30% more in the project to conclude the earn-in agreement.
Following the successful nickel sulphate production, SGS continues testing to produce what TMC believes will be the world’s first cobalt sulphate from polymetallic nodules.
In under a decade, Nickel Industries Ltd. has gone from a relatively small miner to the world’s sixth-biggest producer of the metal.
The nickel-cobalt project near Timmins, Ontario, includes the Mann Northwest, Central and Southeast properties.
Rusal has alleged that the sale of some business units led to losses for Nornickel shareholders.
The company confirmed its 2024 production forecast, expecting nickel production to fall to 184,00-194,000 tons.
The Russian firm will close its Arctic copper plant and build one in China with an unnamed partner.
The world's largest listed miner said iron ore production from mines it operates in Western Australia on a 100% basis was 68.1 million tonnes during the three months ended March 31.
Contained metals are estimated to be 7.4 billion lb. nickel and 297,624 lb. cobalt, representing a 21.6% increase in nickel metal tonnes.
Nornickel intends to remain a "reliable supplier of products" and will continue to fulfil all its contractual obligations, said the company.
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