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
By Leia Michele Toovey- Exclusive to Nickel Investing News This week, the base metals have remained range bound, waiting for cues from OPEC Decision, and the conclusion for the proposed auto bailout. After the Federal Reserve issued yet another rate cut that sent the dollar reeling, the base metals were steady. On India’s Multi Commodities Exchange [...]
China’s Jiangxi Rare Earth and Rare Metals Tungsten Group Corp. is to build a pilot nickel-cobalt ore processing plant in the Philippines, its Filipino partner said.. 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
Asia Pulse reported that 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 story, click here
The company amassed a fortune in commodities – valued in excess of $4 billion – when oil cost about $20 a barrel and gold traded for $300 an ounce, by having an innate ability to spot value. For full story, click here
Three-month nickel slid to $9,850 a tonne from $10,300. For full story, click here
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel futures traded higher on India’s Multicommodity Exchange (MCX) today due to increased buying interest. A favourable response to the stimulus packages that will be put in action by the incoming U.S. administration lifted most of the base metals. On the MCX, Nickel December 2008 contract [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News The sharp retreat in the price of nickel in 2008 as demand from the key stainless steel sector plummeted has forced several producers to curb output or defer projects. So far, in 2008, and extending into 2009, mines in Australia, Canada, Finland, Africa and Asia have [...]
The peso value of minerals produced for the first nine months this year plummeted as nickel prices fell, a report from the Philippines’ Mining and Geosciences Bureau indicated. For full story, click here
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