Reuters reported that Rio Tinto’s announcement of $14B worth of impairments could foreshadow other mining companies’ writedowns, including BHP and Vale’s underperforming nickel projects.
SMH reported BHP Billiton's (NYSE:BHP,LSE:BHP) CEO has said it will not invest more capital into its nickel operations.
Minweb reported Panoramic Resources (ASX:PAN) has signed a deal with BHP Billiton (NYSE:BHP,ASX:BHP), which will increase its nickel shipments to BHP.
Bloomberg reports BHP Billiton Ltd. (NYSE:BHP) agreed to pay the Colombian government an additional 35.3 billion pesos to settle a nickel mine royalties dispute.
BHP Billiton, the world’s leading miner, has reportedly hired Bank of America-Merrill Lynch to auction its Ravensthorpe nickel operation for up to $1bn. The company mothballed the site in January following a $2.1bn investment. For full story, click here
Western Areas, an Australian nickel producer that supplies BHP Billiton Ltd., surged the most in four weeks in Sydney trading after announcing plans to almost double production at its Forrestania project. For full story, click here
Global miner BHP Billiton Ltd/Plc has asked for as much as $793 million for its idled Ravensthorpe nickel mine in western Australia. For full story, click here
Global miner BHP Billiton Ltd/Plc is asking for as much as A$1 billion for its idled Ravensthorpe nickel mine in western Australia. For full story, click here
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel futures rose on Thursday as traders indulged in short covering with the view that demand is about to rise. Nickel futures on the MCX and the LME were tracking positive sentiment, on the indication that the global economy is stabilizing. This was a welcome turn [...]
BHP Billiton declared that it has agreed to sell its Yabulu nickel refinery in Queensland to Australian mining magnate Clive Palmer. For full story, click here
Get our independent commentary on nickel trends and companies delivered to your inbox.
