It has been an eventful year for the price of nickel. The metal witnessed a rise in price early in the year, followed by its highest price since the fourth quarter of 2008. Since April, the metal has seen a sharp decline in its price, but has recovered nicely over the course of the rest of 2010.
Steel Guru.com reports that IMX Resources (ASX:IXR) has intersected high grade nickel, cobalt and copper sulphides the first core hole in southern Tanzania.
The Winnipeg Free Press.com reports that the cost of Sherritt International (TSE:S)’s Ambatovy Nickel/Cobalt project has increased to US$4.76 B.
The Winnipeg Free Press.com reports that Royal Nickel (TSE:RNX) is seeking out assets to purchase.
Mining Weekly.com reports that Toronto-based Royal Nickel (TSE:RNX) will begin trading on the TSE on Thursday
Business World Online.com reports that MBMI Resources, Inc.(FRA:JEK) has completed the second stage of a private placement financing.
The Business Spectator.com reports that BHP Billiton (NYSE:BHP,ASX:BHP) is in discussions with Norilsk Nickel to consider development of Honeymoon Well in Australia
Mining Weekly.com reports that production has ceased at Lundin Mining’s (TSE:LUN) Aguablanca Nickel/Copper mine in Spain, due to slope failure and heavy rain.
Mindoro Resources Ltd. (CVE:MIO,ASX:MDO) announced that they have found fast rates with high nickel and cobalt recoveries from its Agata nickel laterite project in the Phillipines.
Itri.com reports that there will be 3 physically backed ETC’s launched today, with the first to be offered containing be of funds holding copper, nickel and tin.
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