5 Nickel Companies on the Move

Nickel prices have rallied overall this year, so it's no surprise that nickel mining companies have been working hard to take advantage of the market.

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Company News

North American Nickel Reports Additional Assays From Maniitsoq

North American Nickel (TSXV:NAN) has reported additional results from its 2014 exploration program at its wholly owned Maniitsoq project in Greenland. The company reported results from 23 drill holes, and is still awaiting results from 12 holes.

Royal Nickel Reports Permitting Advancement for Dumont

Royal Nickel Corporation (TSX:RNX) announced that a report from the Bureau d'audiences publiques sur l'environnement's (BAPE) has been published in favour of the Dumont project. The report states that the project is acceptable, as long as the company implements adequate mitigation measures.

Noront Resources Gives Update on Eagle’s Nest Mine

Noront Resources (TSXV:NOT) announced several updates for its work plans for the 2014 to 2015 winter season at its Eagle Nest mine. Noront has agreed to support Marten Falls First Nation in the construction of winter road access to the mine and work is also planned for an airstrip to improve project access. A new feasability study is also expected by the end of October.

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Market News

Nickel Declines on Demand Concerns

Bloomberg reported that nickel prices recorded losses today on concerns related to the strength of the U.S. dollar and weaker demand for commodity investments. Three-month nickel lost 0.3 percent to $17,859 a metric ton by 1:17 p.m. on the London Metal Exchange.

Nickel Prices Weaker on Record Inventories

Reuters reported on Monday that nickel prices had hit a three month low to start the week. The base metal dropped after LME inventories hit a record high, while slowing factory output from China raised fears of decreased demand.

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