The land down under is known for its dominance of the iron ore market, but its nickel mining history is also long and colorful.
Articles Tagged "Australia"
Mining Weekly reported that the weak nickel prices have resulted to Panoramic Resources’ revenue decline by A$22M during the first six months of the year.
Bloomberg reported that the world’s largest mining company, BHP Billiton Ltd., said that the weak prices and the high Australian dollar are affecting their local nickel operations and many have speculated possible writedowns or even asset sales.
Reuters reported Australia's QNI nickel refinery showed a loss in the first months of fiscal year 2013 after posting a modest profit in 2012.
Mincor Resources NL (ASX: MCR) announced results from exploration drilling at its Miitel and Mariners nickel mines in Western Australia.
SMH reported Mirabela Nickel (TSX:MNB,ASX:MBN) has cut back its workforce in a bid to stem losses as nickel prices continue to languish.
Reuters reported Norilsk Nickel (LSE:MNOD) is negotiating with banks to secure funding for a nickel project in Australia.
Mining Weekly reported Norilsk Nickel (LSE:MNOD) said it will begin mining nickel in Western Australia.
Bloomberg reported Norilsk Nickel (LSE:MNOD) wants to curb its dependence on Russia for nickel and is expanding its production in South Africa and Australia.
IBTimes reported BHP Billiton Ltd. (ASX:BHP,NYSE:BHP) and other companies are planning to lay off hundreds of workers as mines and factories shut down in Australia.