Victory Nickel Gets Draft Enviro License
Mining Weekly reports Victory Nickel (TSE:NI) has received a draft of the Environment Act Licence for its Minago nickel project in Canada.
Archive for June, 2011
Nordex Explosives Announces Supply Agreement With First Nickel Inc.
Nordex Explosives Ltd. (CVE:NXX) reports it will supply First Nickel Inc.(TSE:FNI) with explosive products for their mine in Canada.
CaNickel Intercepts 9.98 Metres of 2.35% Nickel
CaNickel Mining Limited (TSE:CML) reports the drilling results from the 2011 winter drilling program at the M11A area, a deposit in Manitoba.
Horizonte Minerals Appoints Brazil General Manager
Horizonte Minerals (TSE:HZM,AIM:HZM) reports Mr. Paul Nagerl is their new General [Exploration] Manager in Brazil.
Nickel Prices Continue to Slide
Nickel is projected to be in a surplus over the next year and a half, as weak stainless steel demand has caused cuts in production. There are supporting factors as the market heads for its bottom.
Jinchuan Said to Be Considering Bid For Vale’s $1.1 Billion Target Metorex
Bloomberg reports that Jinchuan Group Co. may outbid Vale SA (NYSE:VALE) for Metorex Ltd. (PINK:MRXLY).
Base Metals Advance on Optimism Greece Set to Avoid Sovereign Default
Bloomberg reports base metals are up as investors remain hopeful that Greece won’t default and increased confidence in the economy.
North Limb Drilling Continues to Return Positive Results at Victory Nickel’s Minago Project
Victory Nickel Inc. (TSE:NI) reports on analytical results from five holes drilled in the north limb of its nickel-mineralized domain at its Minago Nickel project.
Commodities Markets Summary
The Sydney Morning Herald reports that commodities prices were mostly down today including oil, nickel and gold.
Is Nickel a Bellwether for Copper?
Seeking Alpha reports nickel is the year-to-date worst performer on the London metals market suggesting it may be a sign of what’s to come for other base metals.
