Toledo Mining Corp. declared that a third shipment of ore has been shipped to BHP Billiton’s Yabulu refinery from the Berong mine on Palawan island in Philippines containing 48,108 tonnes of ore at 1.5% nickel and 30% iron. For full story, click here
A senior manager at Tati Nickel Mining Company declared the company will never exceed its set 10 percent ratio of local employees to expatriates. For full story, click here
Russia has expected to restore nickel export tariffs at a base rate of 5 percent in a move that could bring $140 million into state coffers in each of the next three years. For full story, click here
Mincor Resources NL, an Australian nickel producer that supplies BHP Billiton Ltd., declared an 82 percent dip in second-half profit after prices tumbled. For full story, click here
Antaike has expressed recently that the total quantity of nickel stocked in China as of present time is estimated to have reached a scale of 100,000 tonnes. The activities to invest in nickel are supposed to have still had a fever in China. For full story, click here
By Leia Michele Toovey- Exclusive to Nickel Investing News Ben Bernanke’s comments as part of the FOMC’ s statement that the recession in the US is easing increased confidence that demand for metals will strengthen, advancing nickel as much as 8.5 per cent to hit its peak price for 2009. Across the ocean, Germany, the [...]
First Nickel Inc. is confident it can raise the millions it needs to pay for development work at its shuttered Lockerby Mine. For full story, click here
BHP Billiton, the world’s leading miner, has reportedly hired Bank of America-Merrill Lynch to auction its Ravensthorpe nickel operation for up to $1bn. The company mothballed the site in January following a $2.1bn investment. For full story, click here
Australian nickel mining company Mincor Resources NL declared today that its nickel offtake customer, BHP Billiton, had, as expected, exercised its option to extend the Ore Tolling and Concentrate Purchase Agreements with Mincor for a further nine years, to 27 February 2019. For full story, click here
Western Areas NL confirmed Wednesday it would develop the Spotted Quoll discovery to double output through the company’s regional Cosmic Boy nickel concentrator to a target 20,000 tonnes of contained nickel next year. For full story, click here
Thursday, August 20, 2009