Japan’s Sumitomo Metal Mining Co. Ltd. and local holding firm Nickel Asia Corp. declared that it will put up a $3-billion nickel ore processing plant in northeastern Mindanao next year. For full story, click here
On April 2nd 2009, the European Parliament declared that it has adopted a first reading agreement that it had concluded with the Council on the revision of the EU Eco label scheme. For full story, click here
HERON Resources and China’s Ningbo Shanshan declared that it will jointly develop Heron’s Yerilla nickel-cobalt project. For full story, click here
J.P. Morgan on Thursday initiated coverage of Russian miner Norilsk Nickel with an overweight rating, in a note to investors. For full story, click here
State conglomerate Russian Technologies is interested in taking 40 percent of Norilsk Nickel should the owners of the world’s leading nickel miner fail to repay debts to the state. For full story, click here
Nickel prices climbed higher on Wednesday as analysts declared that nickel was buoyed by a slow trickle of re-stocking by Chinese steel mills, although speculative stockbuilding could also be a factor. For full story, click here
According to World Bureau of Metal Statistics report, there is 56600 tonnes excess in the global market in the first three months of 2009. At the same time nickel output in the period dipped by 6.3 % YoY having made 316500 tonnes. For full story, click here
Open Joint Stock Company Mining and Metallurgical Company Norilsk Nickel and its subsidiaries announced that it has issued consolidated financial statements as at December 31st2008 and for the year then ended in compliance with International Financial Reporting Standards. For full story, click here
Fil-Euro Nickel Corp., the joint venture of London-listed European Nickel Plc and Rusina Mining NL of Australia declared that it is negotiating a loan with Jiangxi Rare Earth and Rare Metals Tungsten Group Corp. of China to fund $498-million Acoje nickel mining project in Zambales. European Nickel project manager Nicholas Holthouse, stated: We have a [...]
Vale Inco declared that it has extended a planned three-week scheduled maintenance closure at its Sudbury, Ont., mining and Port Colborne, Ont., refinery operations by an additional eight weeks through the end of July. For full story, click here
Friday, May 29, 2009