Vale Indonesia Q2 nickel matte production falls sharply due to maintenance
Nickel matte output stood at 15,048 tonnes, down from 18,701 tonnes a year earlier.
Nickel matte output stood at 15,048 tonnes, down from 18,701 tonnes a year earlier.
Over 25-year life, mine expected to produce 842,000 tonnes of nickel, 21 million tonnes of iron and 1.5 million tonnes of chrome valued at $19bn.
The Turnagain project in British Columbia is described as one of the significant undeveloped sulphide nickel and cobalt resources in the world.
Copper smelting activity slipped in June after a rebound a month earlier as Chinese plants closed for maintenance.
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According to Roskill, China’s net import reliance on chromium, nickel and manganese ore are calculated at 100%, 83% and 68%, respectively.
Since the Vale strike began, the premium on briquette has risen 24%.
The investment, Vale's largest single one made at its Thompson operations, will extend current mining activities by 10 years.
Company said demand of nickel used in rechargeable batteries will increase to 228,000 tonnes in 2021 from 193,000 tonnes in 2020.
The company has received the final drill assays from last winter’s program at West Bear nickel-copper project in Saskatchewan.