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? Nickel Investing News takes a look.
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Reuters reported that Russia’s Norilsk Nickel (MCX:GMKN) will sell its Australian nickel assets, Avalon and Cawse, to Wingstar Investments Pty Ltd., an investment firm. The deal, which is subject to regulatory approval, is expected to close in the second half of 2014.
PolyMet Mining Corp. is developing the NorthMet Nickel Copper & Platinum Group Metals project in the historic Mesabi Iron Range of northeastern Minnesota. Open pit deposit with NI 43-101 compliant Resource Estimate of 275 million tons of Proven and Probable Reserves. (TSX:POM, NYSE MKT:PLM)
Ivanplats’ (TSX:IVP) CEO, Robert Friedland, announced today that an intensive drilling program at its Flatreef Discovery project in South Africa showed results for indicated and inferred resources with substantial amounts of nickel deposits.
Reuters reported Norilsk Nickel (LSE:MNOD) it is considering deals and the acquisition of copper, nickel and platinum licenses to strengthen its hold in Africa.
Norilsk Nickel, the world’s leading producer, keeps a firm hold on the country’s massive nickel wealth.
Bloomberg reported Xstrata Plc (LSE:XTA) rose to a four-month high as Glencore International Plc (LSE:GLEN) made another offer for the Swiss mining company.
Mining Weekly reported MMC Norilsk Nickel (LSE:MNOD) has announced significant nickel production increases in its Southern African operations during the second quarter of this year.
Reuters reported a South African union has threatened a workers strike at Arican Rainbows Minerals (PINK:AFRBY) and Norilsk Nickel (LSE:MNOD) joint venture nickel mine.
Mining Weekly reported Uru Metals’ (LSE:URU) Zebediela nickel project may become one of the largest nickel mines in the world.