PT International Nickel Indonesia Tbk, one of the world’s top nickel producers, said the firm may cut output 20 percent next year. For full story, click here
The Philippines’ second biggest mining firm Atlas said that it will build a nickel-cobalt leaching plant with its Chinese partner. For full story, click here
Norilsk Nickel it has nominated Alexander Voloshin, Sergey Chemezov and three other people to be independent directors on Norilsk’s board. For full story, click here
Sharp falls in nickel prices and demand from the key stainless steel sector have forced several producers. For full story, click here
By Leia Michele Toovey- Exclusive to Nickel Investing News The global economic slowdown has impacted the stainless steel market, which has in turn curbed demand for nickel. Now, nickel market participants are struggling to stay afloat. The price of nickel used in stainless steel has slumped more than 60 per cent this year, and many [...]
Nickel miners and contractors face a bleak Christmas with many mines being closed by the end of 2008. For full story, click here
Nickel miners and contractors face a bleak Christmas with the Silver Swan and Waterloo nickel mines near Kalgoorlie and Leinster to shut by year’s end. For full story, click here
Among the LME-traded metals, nickel dropped 1.6 percent to $10,500. For full story, click here
Russian mining company Norilsk Nickel may temporarily close down some of its overseas units amid a global slowdown for commodities. For full story, click here
HudBay Minerals Inc. has agreed to buy troubled Lundin Mining Corp. in an $814-million deal that will create the second-biggest base metals company in Canada. Ffor full story, click here
Friday, November 28, 2008