Vale says to close indefinitely Cliff South mine in Ontario, which produces about 8,000 tpy of nickel. For full story, click here
Read the full article: "Vale says to close indefinitely Cliff South..."
Friday, January 30, 2009
Stock rise hit nickel, down nearly 7 percent to a session low of $10,950 a tonne. For full story, click here
Read the full article: "Stock rise hit nickel"
Thursday, January 29, 2009
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel prices plunged 59 per cent last year, as demand around the globe collapsed. For the nickel market to improve in 2009, two key events need to transpire. First off, demand from steelmakers needs to improve, and secondly, China’s economy needs to grow. Currently, steelmakers are [...]
Read the full article: "Cutbacks make way for nickel boom"
Thursday, January 29, 2009
Slumping nickel prices and mounting costs are threatening the massive Ambatory mining project in Madagascar, owned 40 per cent by Sherritt International with Montreal’s SNC-Lavalin Group, Somitomo of Japan and Korea Resources as partners. Sherritt’s CFO Dan Chambers said: Ambatory now has an estimated capital cost of more than $3.5 billion U.S. and restructuring is [...]
Read the full article: "Slumping nickel prices threatens SNC-owned..."
Thursday, January 29, 2009
Most of the Base metals witnessed slight bounce back from last week’s lows with wide directional divergence seen as individual metals reacted differently to short-term influences as the last full week of 2008 ended on a volatile note. Nickel gained 5 percent as the news of immediate financial aid to the US auto industry helped. [...]
Read the full article: "Nickel gained 5 percent"
Tuesday, January 27, 2009
Due to the fluctuating LME nickel price, Taiwan’s Yieh United Steel Corporation and Tang Eng will plan the new February price after the 9 day long Chinese New Year to avoid a premature and possibly erroneous judgment. For full story, click here
Read the full article: "Yusco and Tang Engg to release February..."
Tuesday, January 27, 2009
Albidon said nickel output for the Dec. 2008 quarter had fallen and lowered its production forecasts For full story, click here
Read the full article: "Albidon said nickel output for the Dec. 2008..."
Tuesday, January 27, 2009
BHP Billiton will close its giant Ravensthorpe nickel mine in Australia, reduce activity at Mount Keith nickel mine and put Pinto Valley copper operations in the United States on care and maintenance in February. For full story, click here
Read the full article: "BHP Billiton will close its giant..."
Tuesday, January 27, 2009
Many existing producers have either shut down or curtailed output at mines and plants as high costs and low prices bite. For full story, click here
Read the full article: "Many existing producers have either shut..."
Monday, January 26, 2009
The mining giant suffers a stinging loss as it closes a giant Australian mine that had had operational problems from the start. For full story, click here
Read the full article: "BHP’s $3.7 Billion Investment Not..."
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Friday, January 30, 2009