By Kishori Krishnan Exclusive To Nickel Investing News A crisis of sorts appears to be playing out in Australia, which is the third largest nickel producer, after Canada and Russia. Mining experts have woken up to the fact that Australia needs to protect against potential loss of market overseas. “Two years ago, we had nickel [...]
Platts declared that Mirabela Nickel is planning another round of capital surging to pay for cost overruns at its flagship Santa Rita nickel project in Brazil. For full story, click here
Platts declared that Mirabela Nickel is planning another round of capital raising to pay for cost overruns at its flagship Santa Rita nickel project in Brazil. For full story, click here
MO Capital Markets surged its mid-term nickel price assumptions by 26% to US$5.80/lb and 36% for 2010 to US$7.50/lb. BMO analysts David Cotterell, Bark Melek, David Radclyffe, and Tony Robson, stated: Additional factors include signs of an economic bottom in the U.S., the fact that the Chinese economy is showing the capacity to absorb large [...]
First Nickel Inc. declared that at the request of the TSX, the Company wishes to provide further detail regarding the conversion of interest payments into shares to service the proposed US$10 million working capital facility announced on June 16, 2009. For full story, click here
First Nickel Inc. declared that it has entered into a commitment letter with Resource Capital Fund IV L.P. for a US$10 million convertible working capital facility maturing on December 31, 2013. For full story, click here
Talvivaara Mining , the Finnish-based, U.K.-listed miner, declared that it’s selling 22.28 million shares to existing and new institutional investors, which represents about 10% of its shareholder capital. For full story, click here
The combination of very poor demand and insufficient production cuts are expected to pull the nickel market into a material surplus of 36kt this year has prompted BMO Capital Markets to slash nickel price forecasts by 20% to $4.60/lb this year and by 21% to $5.50/lb in 2010. BMO Capital Markets Global Commodity Strategist Bart [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News As supply and demand fundamentals have rapidly diverged, nickel has slumped more than 80 per cent from its record $51,800 a tonne price reached in May 2007. Miners have been attempting to bring the split fundamentals into line with production cuts. So far cuts equal to about [...]
Finnish mining firm Talvivaara defers some capital spending to conserve cash. For full story, click here
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