Sherritt International Corporation of Canada, which has been developing the Ambatovy nickel project in Madagascar announced that the project has not been affected by political trouble in Madagascar but are keeping an eye on it. For full story, click here
Read the full article: "Sheritt nickel project remain unaffected by..."
Tuesday, March 31, 2009
Interfax announced that MMC Norilsk Nickel closed the Q4 of 2008 with net losses of RUB 33.898 billion to Russian Accounting Standards. For full story, click here
Read the full article: "Norilsk Nickel posted Q4 net loss of RUB..."
Monday, March 30, 2009
In audited financial statements filed with the Canadian securities regulatory authorities, First Nickel reported that it has lost $24.2 million for the year ended Dec. 31, 2008. For full story, click here
Read the full article: "First Nickel declared loss for the year end,..."
Monday, March 30, 2009
GFMS Metal Consulting has forecasted that global nickel demand must be boosted late this year by improved stainless stain production, a tighter scrap market and a slight recovery in the austenitic steel ratio. For full story, click here
Read the full article: "GFMS forecasts higher nickel demand in 2009"
Friday, March 27, 2009
Xstrata Nickel’s Greater Sudbury reported that its operations at the still-under-development Nickel Rim South are now closed. For full story, click here
Read the full article: "Xstrata Nickel places bets on Rim South"
Friday, March 27, 2009
Norilsk Nickel reported that prices are high enough for it to maintain spending and output, bucking an industry trend that is forecast to result in the largest ever production cuts. For full story, click here
Read the full article: "Norilsk sees price of nickel enough to be..."
Thursday, March 26, 2009
A $500 million nickel pig iron project planned for Indonesia has been axed. For full story, click here
Read the full article: "China Steel firm scrapped Indonesian nickel..."
Thursday, March 26, 2009
Continental Nickel Limited reported an amendment to the exploration option and joint venture agreement with Abitex Resources Inc. of Val D’Or Quebec to takeover up to a 75% interest in the St. Stephen nickel-copper project in New Brunswick. For full story, click here
Read the full article: "Continental Nickel reported updates on St...."
Thursday, March 26, 2009
Canadian miner High River Gold Mines Ltd declared that it would not close the initially announced acquisition of the Chaya nickel deposit through its Russian subsidiary, OJSC Buryatzoloto. For full story, click here
Read the full article: "Canada’s High River not to purchase..."
Wednesday, March 25, 2009
By Leia Michele Toovey- Exclusive to Nickel Investing News As supply and demand fundamentals have rapidly diverged, nickel has slumped more than 80 per cent from its record $51,800 a tonne price reached in May 2007. Miners have been attempting to bring the split fundamentals into line with production cuts. So far cuts equal to about [...]
Read the full article: "Nickel market suffering from oversupply"
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Tuesday, March 31, 2009