Nornickel proposes doubling 9-month dividend amid high metals prices
Nornickel is paying out 60% of its core earnings in dividends for 2021.
Nornickel is paying out 60% of its core earnings in dividends for 2021.
The target properties are within a radius of 95 km of the company’s flagship Crawford nickel-cobalt project.
The project would eventually produce as much as 50,000 tonnes of nickel cathodes a year, as well as smaller amounts of copper and cobalt.
The Félix project was suspended in 2019, after a court upheld a request from Indigenous campaigners claiming lack of proper consultation.
Nickel and zinc may not spring to mind when most people think of critical minerals, but as far as the United States is concerned, they both are, writes Andy Home.
The Sebuku Group may start using the DNi Process, which allows for the extraction of nickel from ore with lower nickel content.
The Indonesian arm of the Brazilian mining giant is expecting nickel matte production of 65,000 tonnes in 2022, compared with an annual average of 70,000-75,000 tonnes.
Average LME nickel prices are seen declining to $17,000/t in 2022 from an estimated $18,500/t this year, Antaike says.
Nickel is the worst performing base metal in 2021, but the metal’s project pipeline covers less than 10% of requirements through 2030, says new report.
The plan calls for a multi-phased approach, and work will include a new slurry preparation plant and expansion of other circuits at the mill.