LME raises initial margins on nickel by 28% after volatility
A notice released on Wednesday said the initial margin for nickel would climb to $6,100 a tonne effective after close of business on Friday.
Talon Metals closes $28 million bought deal for Tamarack nickel project
According to the company, a “significant amount” of the net proceeds will be used for advancing work related to the planned exploration and development program.
LME steps up scrutiny of nickel trading as prices swing wildly
Nickel plunged by more than more than 10% in London, rapidly eroding a sharp weekly gain.
Indonesia Antam, China’s CNGR agree to develop nickel industrial park
CNGR will invest in a facility to produce nickel matte with an installed capacity of 80,000 tonnes in a park managed by Antam.
Indonesia proposes to Canada setting up OPEC-like group for nickel
Indonesia and Canada are the first and sixth biggest nickel producers in the world, respectively.
Tesla-backed nickel miner cuts output after waste dam leak
The troubled Goro nickel mine — one of the world’s largest deposits — has been forced to reduce production to address a leak from its tailings dam.
FPX Nickel delivers better resource grade for Baptiste project
The Baptiste pit-constrained resource estimate includes 1.82 billion tonnes of indicated resources grading 0.211% total nickel.
Nickel briefly surges by limit as report of blast spooks market
The metal price jumped by its 15% daily limit after an unconfirmed report about a blast at a nickel plant in Indonesia.
Mining People: FPX Nickel, Pan Global, SolGold, Fission 3, Inventus, Wolverine Resources
Key moves in the mining sector.
Magna plans drilling at Denison nickel-copper project after ‘considerable’ resource estimate
Magna is exploring the restart of a past-producing underground mine and adding an open-pit operation to the site, also known as Crean Hill.
