The government is getting impatient as Australia’s BHP Billiton and its local partner are still at odds over a nickel project in Mindanao and may soon decide to step in. Mining chief Horace Ramos said: BHP has said they will not back out but there is a limit to their patience. And we in the [...]
Dwyka Resources, through its wholly owned subsidiary Danyland, has ensured its full ownership in the Muremera nickel project, in Burundi, following an agreement with diversified mining giant BHP Billiton. For full story, click here
BHP Billiton announced that the company has removed uncertainty over third-party nickel concentrate supplies to its Kalgoorlie smelter by striking a supply deal with Western Areas’ Forrestania nickel project. For full story, click here
BHP Billiton will close its giant Ravensthorpe nickel mine in Australia, reduce activity at Mount Keith nickel mine and put Pinto Valley copper operations in the United States on care and maintenance in February. For full story, click here
The mining giant suffers a stinging loss as it closes a giant Australian mine that had had operational problems from the start. For full story, click here
By Leia Michele Toovey- Exclusive to Nickel Investing News The sharp retreat in the price of nickel in 2008 as demand from the key stainless steel sector plummeted has forced several producers to curb output or defer projects. So far, in 2008, and extending into 2009, mines in Australia, Canada, Finland, Africa and Asia have [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News The global economic slowdown has impacted the stainless steel market, which has in turn curbed demand for nickel. Now, nickel market participants are struggling to stay afloat. The price of nickel used in stainless steel has slumped more than 60 per cent this year, and many [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News The mining giants that feed the world’s appetite for iron, copper and other industry staples earned piles of money as commodities prices soared the past. Now, they are facing a much different situation. Across the board metals prices have plunged. Right now on the London Metal [...]
BHP Billiton has dropped its plan to develop a US$4.5 billion nickel laterite project with Indonesia’s second-largest nickel producer PT Aneka Tambang (Antam). For full story, click here For BHP Billiton’s ebsite, click here
Marius Kloppers, BHP Billiton’s chief executive is quite confident a merger with Rio Tinto and feels it would reap the targeted $S3.7 bn in annual cost savings despite the present economic crisis. For full story, click here For company’s website, click here
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