RioZim (RTNR.ZI), a Zimbabwe mining group, has announced that they would raise a total of $40 million to renovate a nickel refinery and fund the expansion of its gold mining projects. Paul Markham, RioZim operations director is quoted saying: “We would want to have a senior partner … who would build and operate the station, [...]
The board of Norilsk Nickel (GMKN.MM) recommended a bumper $1.3 billion dividend on 2009 results. The move is enabling its shareholders, including two Russian giant miners to cash in for return to profit. Chief Executive Vladimir Strzhalkovsky is quoted saying: “Despite the fact that we had a recommendation to pay out 20-25 percent of net [...]
The global nickel market will be in a slight deficit this year, reports metal consultant Metalytics Ltd, as demand is driven by increases in the steel market.
President of Baosteel’s Stainless Steel Business Unit, Lou Dingbo said on Wednesday that nickel demand is expected to rise by 5 percent in 2010 due to China’s clear cut stainless steel consumption. Click here to access the entire news
Malagasy Minerals Limited (ASX:MGY), ASX-listed exploration junior, has agreed to merge with unlisted Madagascar Resources (MRNL). The press release is quoted saying: “The merged group will also have an extensive, nickel, copper, PGE and vanadium exploration portfolio as well as existing rental income from commercial property assets and labradorite royalties from quarrying operations in Madagascar.” [...]
Russian miner Norilsk Nickel (GMKN.MM) (NKELyq.L), stated that it has suspended its Arctic port of Dudinka shipments due to the annual flooding of the port. The flood is expected between May 30 and June 4. There are about 4.5 million tonnes of goods, mostly metals from Norilsk, pass through Dudinka each year. Click here to [...]
Market Research Reports, Industry Statistics and Company Profiles has released its new Copper, Nickel, Lead and Zinc Mining in the US report. The report shows three types of risk in the analysis such as structural risk, growth risk, and external sensitivity risk. Click here to access the entire news
FNX Mining Company Inc. (“FNX”), a Diversified Canadian Nickel Company has completed its merging agreeemnt with Canadian base-metals miners Quadra Mining. The friendly merging of these two mining companies is expected to produce 300-million pounds of copper and 150 000 ounces of platinum-group metals in 2010. Paul Blythe, CEO of Quadra is quoted saying: “The [...]
The world’s No. 1 nickel and palladium miner, Norilsk Nickel (GMKN.MM), may sell its 51.3 percent stake in Stillwater Mining Co (SWC.N). This is currently the only U.S. producer of palladium and platinum. Vladimir Strzhalkovsky, CE of Norilsk is quoted saying: “Stillwater was bought with the expectation that it would bring strong synergies. There were [...]
Mutiny Gold Limited: ASX:MYG, a diversified Australian resources company, has announced that it has signed an agreement with Mac Equity Partners Pty. Ltd. to secure the necessary funds to continue aggressive exploration activities at its two flagship Western Australian projects. The two projects are the White Well gold project in the Murchison and the Widgie [...]
