Australia’s Western Areas in Short-Term Nickel Pact With Jinchuan
Reuters Africa reported Western Areas (ASX:WSA,TSX:WSA) will sell Jinchuan Group (HKG:2362) up to 15,000 tonnes of nickel in concentate.
Archive for November, 2011
Nickel Falls to Lowest Level in Nearly Two Years
Reuters Africa reported nickel prices fell to their lowest level in nearly two years on Wednesday, tracking a slide in base metals.
Stocks Ease After Mixed Moves Overseas
SMH reported the Australian market has opened lower following mixed movements on Wall Street but a higher close on European markets.
Noront Resources Announces $3 Million Private Placement of Flow-Through Shares
Noront Resources Ltd. (TSXV:NOT) announced that it has entered into an agreement with Dundee Securities Ltd., on behalf of a syndicate including Raymond James Ltd. (the “Agents”) under which the Agents have agreed to offer for sale, on a best efforts private placement basis, flow-through common shares (the “Flow-Through Shares”) at a price of $0.86 per Flow-Through Share for gross proceeds of approximately $3,000,000 (the “Offering”).
Indonesian Stocks: Astra, Harum Energy, International Nickel
Bloomberg reported shares of the following companies had unusual moves in Indonesian trading as the Jakarta Composite index rose 0.3 percent to 3,647.05.
Mindoro Resources Raises C$1.2 Million in Financing
International Business Times reported Mindoro Resources Ltd (TSXV:MIO,ASX: MDO,FWB:WKN 906167) announced it has received commitments for C$1.2 million.
Vale Plans to Invest $21.4 Billion Next Year After Missing 2011 Targets
Bloomberg reported Vale SA (SAO:VALE5) plans to invest $21.4 billion on mining projects in 2012 after failing to meet spending targets this year.
Porphyry Cu-Au-Mo Mineralization Drilled at Strongbow’s Inza Property, British Columbia
Strongbow Exploration Inc. (TSXV:SBW) reported that Xstrata Copper Canada has forwarded results of the 2011 exploration program at the Inza copper-gold exploration property in north-central British Columba.
Metals X Says Held Mine Talks With Samsung C&T
Bloomberg reproted Metals X Ltd. (ASX:MLX) said it’s held talks with Samsung C&T Corp. (SEO:000830) about the funding and development of a nickel project.
Advanced Explorations Discovers Nickel-Copper-Cobalt & Copper-Silver-Gold Mineralization
Advanced Explorations Inc. (TSXV:AXI,FWB:AE6) announced the discovery of new nickel-copper-cobalt and copper-silver-gold mineralization.
