FNX Mining Company Inc. announces plans to extend the suspension of nickel ore production at its Levack Mine and to also suspend production of nickel ore from its adjoining McCreedy West Mine, effective immediately. For full story, click here
Metso will supply grinding equipment to Open Joint Stock Company (OJSC) “Mining and Metallurgical Company Norilsk Nickel” for its subsidiary Talnakh Concentrator in Northern Russia. For full story, click here
PT International Nickel Indonesia Tbk plans to build a nickel processing factory in Pomalaa Southeast Sulawesi with an investment of USD 1.2 billion. For full sory, click here
Falling nickel price would also hit high-cost producers, particularly those working or developing the complex laterite ores. For full story, click here
Ridge Mining Plc, which explores for nickel and platinum in South Africa, delayed the development of a plant to process ore because of an accident. For full story, click here
Deutsche Bank said that the gold to nickel price ratio, a key indicator of economic performance, could fall into single digits if the recession is as deep as that of the early 1980s. For full story, click here
Wellex Industries Inc., the publicly listed investment company of plastics magnate William Gatchalian, has obtained shareholders’ approval for a plan to shift its core business to mining and energy from manufacturing.. For full story, click here
Pure Nickel announced it had entered into an option agreement with ITOCHU Corporation, a multi-billion dollar Japanese conglomerate, for it to earn up to a 75% interest in the MAN property by investing up to US $40 million. For full story, click here
Base metals plunged as LME inventory continued piling up. Nickel fell to $9,470 a tonne. For full story, click here
Trillium North Minerals Ltd.has been informed by its joint venture partners that an eight-hole, 3903 metres drill program has been completed on the Seagull ultramafic intrusion located 85 kilometres north of Thunder Bay. For full story, click here
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