Nickel Futures dipped on Heavy Profit Booking
Nickel futures dipped on the back of intense profit booking seen among the traders at the MCX after recent run-up. For full story, click here
Archive for July, 2009
Vale Inco Strike has begun to bite Nickel Inventories
It is declared that the strike at Vale Inco is beginning to bite into nickel inventories, prompting a Timmins area nickel miner to re activate one of its two dormant mines. For full story, click here
Mirabela Nickel planned to share offering for Santa Rita Cost Overruns
Platts declared that Mirabela Nickel is planning another round of capital raising to pay for cost overruns at its flagship Santa Rita nickel project in Brazil. For full story, click here
Strongbow commenced Exploration at Snowbird Nickel Project
Strongbow Exploration Inc. declared that it has commenced mobilization for a summer field program at its wholly owned Snowbird Nickel project in Saskatchewan and southern Northwest Territories. For full story, click here
Norilsk Nickel saw 2009 EBITDA will reach $3 bln
MMC Norilsk Nickel has expected to post EBITDA of just over USD 3 billion in 2009 on condition that nickel, copper and PGM prices remain at current levels throughout the second half of the year. For full story, click here
PNG Mining Chief has halted Nickel Operations
Papua New Guinea’s chief inspector of mines has revealed that work at a $1.7 billion nickel mining project has been suspended because of health and safety concerns. For full story, click here
Completion of Loan Facility and drawdown of Loan
European Nickel PLC declared that it has completed the outstanding conditions precedent of the bridging loan facility previously announced on 8th July 2009. For full story, click here
Macro Asia has allotted $50 mln for Exploration in Palawan
Lucio Tan-led MacroAsia Corp. will spend P50 million to continue exploration of its nickel laterite project in Brooke’s Point in Palawan that is expected to be finished in the first quarter of 2010. For full story, click here
Banggai Exports Nickel to Australia, China
Banggai district in Southeast Sulawesi has exported 189,056 metric tons of nickel to Australia and China over the past two years until the first semester of this year. For full story, click here
Vale Inco has Striked Hitting Nickel Inventories
The strike at Vale Inco is beginning to bite” into nickel inventories as per one analyst, prompting a Timmins-area nickel miner to re-activate one of its two dormant mines. For full story, click here
