Indonesia Inco reports 69.4 pct decline in ’08 net
PT International Nickel Indonesia reported that its 2008 net profit declined 69.4 percent to $359.3 million because of the steep fall in nickel prices. For full story, click here
Archive for February, 2009
Norilsk to retain African assets if nickel price supports
African assets of Norilsk Nickel would be profitable if world nickel price remain at USD 10,000 per tonne or more. Mr Oleg Pivovarchuk deputy director of Norilsk Nickel said: Now African assets of the company work with null profitability. Production cost is still at the level of USD 10000 per tonne of nickel. If the price goes lower [...]
Fundamental step forward for Talvivaara
Talvivarra first shipment of nickel to Norilsk, our off-take agreement partner, is a fundamental step forward for Talvivaara as it progresses towards full production and becoming one of the world’s leading nickel mining companies. For full story, click here
Talvivarra delivered its first shipment of nickel to Norilsk
Talvivarra Mining firmed that the company announced that it had delivered its first shipment of nickel to Norilsk Nickel’s Harjavalta refinery under a 10 year year off take agreement for the entire output of its mine. For full story, click here
Xstrata: Output from Sudbury smelter to remain at similar levels
Xstrata’s output from Sudbury smelter to remain at similar levels to 2008 as shortfalls from Sudbury mines will be offset at other operations. For full story, click here
Nickel touched a low of $9,875
Nickel touched a low of $9,875, the weakest since Dec. 30. For full story, click here
Nickel ended at $9,900 a tonne from $10,275
Key stainless steel ingredient nickel ended at $9,900 a tonne from $10,275 at the close on Monday. For full story, click here
Xstrata: Mines in trouble due to rain
Xstrata Ltd said on Wedenesday mining and transport operations were being disrupted by heavy rains in Australia’s Queensland state. For full story, click here
Nickel price would soon start rallying
Analysts feel that nickel price would soon start rallying once the market sentiment gets harder on the news of suspension of the metal production by one of the largest nickel producing companies in the world, For full story, click here
Nickel inventory increasing 864 tonnes to 88,278 tonnes
With nickel inventory increasing 864 tonnes to 88,278 tonnes by the weak-end, the metal price during the period fell from $11,350 to $10,130 tonnes. For full story, click here
