Balmoral Resources Now Controls Entire Grasset Complex, Abitibi

The company already owned most of the property covering the extent of the Grasset Ultramafic Complex, and with the three Jeremie properties acquired today, Balmoral has secured the remaining 2.3 kilometers of its projected strike length.

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Company News

Jinchuan Group and Glencore Front-runners to Buy BHP’s Nickel West

The Sydney Morning Herald reported today that China's Jinchuan Group (HKG:2362) and Glencore Plc (LSE:GLEN) are advancing talks with BHP Billiton (NYSE:BHP) regarding that company's Nickel West unit. Nickel West would garner a hefty rehabilitation bill, but Jinchuan and Glencore would be able and willing to pay those costs, according to the Herald.

Western Areas Helped by Strong Nickel Price

The Australian reported that Western Areas (ASX:WSA,TSX:WSA) reported $28.3 million in profits for the first half of the year, up from the previous period.

Sudbury Platinum Completes Purchase of CaNickel’s Aer-Kidd

Sudbury Platinum Corporation (SPC) and Transition Metals Corp. have completed their purchase of 100% interest in the Aer-Kidd project from CaNickel Mining (TSX:CML). The transaction was completed for a cash payment of $1.25 million.

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Market News

Nickel and Zinc to Lead Base Metals Gains, Citrine Capital Management

Bloomberg reported that Paul Crone, chief investment officer at Citrine Capital Management LLC, expects global demand to exceed production this year for zinc and nickel. As such, he anticipates they will lead advances in the base metals sector.

Infographic: Getting to Know Nickel

In today's Friday Digest, Visual Capitalist republished an infographic titled "Nickel: Where Form Meets Function." If you missed it when it was posted back in 2012, here's your chance to get a look.

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