Vale Inco declared that it has extended a planned three-week scheduled maintenance closure at its Sudbury, Ont., mining and Port Colborne, Ont., refinery operations by an additional eight weeks through the end of July. For full story, click here
Continue reading "Canadian Miners have reduced nickel output"
Monday, May 4, 2009
Russian miner Norilsk Nickel, the world’s leading nickel producer announced that it is seeking to reschedule debts linked to the 2007 takeover of Canada’s LionOre. For full story, click here
Continue reading "Norilsk Nickel will see debt restructuring"
Thursday, April 30, 2009
Sumitomo Metal Mining Co., Japan’s top gold producer, agreed to purchase a 40 percent stake in Alaska’s Pogo mine from Canada’s Teck Resources Ltd. for $245 million. For full story, click here
Continue reading "Sumitomo Mining to purchase 40% stake in Pogo Mine"
Tuesday, April 21, 2009
Vale completed the purchase of Inco in 2007 to become the world’s second-largest nickel producer after Russia’s MMC Norilsk Nickel. Prices of nickel for delivery in three months plunged 56 percent in 2008 on the London Metal Exchange as the global credit crisis reduced demand for stainless steel. For full story, click here
Continue reading "Vale may tell Canada Nickel Cut in Sudbury needed"
Monday, April 20, 2009
Canadian Royalties Inc. declared Allammaq drilling results from its 2008 Nunavik Nickel exploration program. For full story, click here
Continue reading "Canadian Royalties declared Nunavik Nickel Exploration Project"
Wednesday, April 15, 2009
Unionized workers at Vale Inco’s Voisey’s Bay nickel mine in eastern Canada are reported to be into their seventh week of working without a new contract as the company negotiates with the United Steelworkers union. For full story, click here
Continue reading "Vale Inco’s Bay Labor talks have dragged on"
Thursday, April 9, 2009
MacDonald Mines Exploration Ltd. declared that it has signed an amended Letter of Agreement with the Canadian Corporation 210829 Ontario Limited to acquire a 100% undivided right, title and interest in the Nielsen-Chisholm Property, a land package that bears strong similarity to the Company’s land holdings in the James Bay Lowlands area of Ontario. For [...]
Continue reading "MacDonald Mines acquired 100% interest in Nickel mine"
Monday, March 30, 2009
In audited financial statements filed with the Canadian securities regulatory authorities, First Nickel reported that it has lost $24.2 million for the year ended Dec. 31, 2008. For full story, click here
Continue reading "First Nickel declared loss for the year end, 2008"
Thursday, March 26, 2009
Canadian miner High River Gold Mines Ltd declared that it would not close the initially announced acquisition of the Chaya nickel deposit through its Russian subsidiary, OJSC Buryatzoloto. For full story, click here
Continue reading "Canada’s High River not to purchase Chaya nickel deposit"
Wednesday, December 10, 2008
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel futures traded higher on India’s Multicommodity Exchange (MCX) today due to increased buying interest. A favourable response to the stimulus packages that will be put in action by the incoming U.S. administration lifted most of the base metals. On the MCX, Nickel December 2008 contract [...]
Continue reading "Nickel futures on the rise"
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Friday, May 15, 2009