Nickel price falls as China warns on raw material prices
Nickel’s attempt at a comeback from the Tsingshan-induced slump was knocked back on Monday after successive warnings from China’s top politicians about rising raw material prices.
Nickel’s attempt at a comeback from the Tsingshan-induced slump was knocked back on Monday after successive warnings from China’s top politicians about rising raw material prices.
The Oktyabrsky mine will resume full production by the end of April and is already running at 60% capacity, the company said.
Company will minimise its final dividend for 2020 to fund planned investment in production growth and improving its environmental footprint.
The project with Singapore-based Rigqueza International will produce 30,000 tonnes of nickel matte a year, CNGR said.
The agreement is for financing the mine fleet for the Crawford nickel cobalt sulphide project in Ontario.
To support the resuming of operations, Panoramic has entered a five-year nickel and copper concentrate offtake agreement with Trafigura Group.
Highlights include 9.5 metres grading 0.39% cobalt and 0.62% nickel starting from 77.5 metres.
Vale said it will have a supply contract with the Trafigura-led consortium to off-take part of the nickel produced there.
Nornickel's dividend policy is set under an agreement between Interros Holding, controlled by Vladimir Potanin, and Rusal.
Production at the Taimyrsky mine, which has also been affected by water, would begin in June.