Lundin Mining Powering Ahead as Eagle Mine Reaches Commercial Production

Lundin Mining Powering Ahead as Eagle Mine Reaches Commercial Production

It might be tough out there, but that hasn't stopped Lundin Mining from reaching commercial production at its high-grade nickel-copper Eagle mine in Michigan ahead of schedule and on budget. What's more, analysts are calling for the mine to exceed its production guidance in 2014.

What’s Next for BHP Billiton’s Nickel West?

The mining giant announced last week that it has abandoned the sale of its Western Australian Nickel West business, but what does it have planned for the asset?

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Company News

Western Areas Snubs BHP with Jinchuan Nickel Deal

Reuters reported that Western Areas Ltd. (ASX:WSA) has come to a two-year agreement to supply China's Jinchuan Group Ltd. with 26,000 tonnes of nickel concentrate.

Balmoral Drills Highest-grade Hole to Date at Grasset

Balmoral Resources Ltd. (TSX:BAR,OTCQX:BALMF) reported drill results from another 12 holes drilled at its Horizon 3 nickel-copper-PGE discovery at the Grasset property in Quebec.

International Montoro Resources to Continue Sampling at Chuchinka

International Montoro Resources to Continue Sampling at Chuchinka

International Montoro Resources (TSXV:IMT) has contracted UTM exploration services, based in Smithers BC, to conduct a geochemical soil sampling program at its Chuchkinka REE prospect. The Chuchinka prospect is located northeast of Prince George, BC.

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Market News

Nickel Drops from Six-week High on China News

Bloomberg reported that on Monday, nickel retreated from a six-week high due to an interest rate cut in China. Other industrial metals on the London Metal Exchange also sank.

Indonesia Reaffirms Ore Ban; Nickel Price Rises

Bloomberg reported that nickel rose the most in three weeks after Indonesia confirmed that its ban on the export of unprocessed ore will remain in place.

Aluminum Displaces Nickel as 2014′s Biggest Gainer

Bloomberg reported that on Tuesday nickel fell to its lowest price in a week, sinking as much as 1.6 percent as LME inventories increased to a record 385,860 metric tons. The previous day, the metal sunk by 3 percent.

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