Articles Tagged "minara"

Australia To Protect Its Nickel

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 [...]

Miners adjust operations to cope with low nickel prices

By Leia Michele Toovey- Exclusive to Nickel Investing News The price of nickel used in stainless steel has slumped more than 60 per cent from the beginning of this year and some mining companies have been forced to cut back output or delay projects as prices have fallen below the marginal cost of production. Nickel [...]

Kagara & Minara Resources review operations

Falling prices of Nickel have forced two miners in Western Australia to announce review and restructuring of operations, which may include a likely delay or scrapping of new projects. Peter Johnston, chief executive of Minara Resources, said: While we are in a challenging period of a turbulent commodity market, and nickel has certainly been affected, we believe [...]

Nickel futures fall as Cuban nickel operations escape Ike

By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel futures fell on Wednesday after Cuba announced that its nickel operations escaped the wrath of Hurricane Ike. Production in the region was halted on Sunday before Ike made landfall with 195-kph winds in the eastern province of Holguin, where the mines and plants are located. [...]

Strengthening greenback puts downward pressure on Nickel

By Leia Michele Toovey- Exclusive to Nickel Investing News London Metal Exchange nickel dropped by approximately five per cent to two week’s low as the stronger greenback made the metal more expensive for holders of other currencies. Nickel dropped by 4.7 per cent to US$19,300 a tonne, it’s lowest since August 20, 2008. LME inventories [...]

Nickel gains steam, but is it too little too late?

By Leia Michele Toovey- Exclusive for Nickel Investing News Last Thursday, nickel rose the most in almost a month in LME trading after Industrial Metallurgical Holding said it may cut production because of this year’s price slump. Industrial Metallurgical shut its two nickel plants for 10 days at the end of July 2008 for maintenance [...]