Mutiny Gold Limited: ASX:MYG, a diversified Australian resources company, has announced that it has signed an agreement with Mac Equity Partners Pty. Ltd. to secure the necessary funds to continue aggressive exploration activities at its two flagship Western Australian projects. The two projects are the White Well gold project in the Murchison and the Widgie [...]
Western Areas NL:ASX:WSA, Nickel Sulphide producer, has teamed up with Minara Resources (MRE.AX), a fellow nickel producer, to treat ore from the Spotted Quoll mine, in Western Australia. Minara has the capacity to treat 550 000 t/y of ore and will be fully operational in June. Click here to access the entire news.
Mincor, an Australian nickel-miner has confirmed that they will pursue the production at its flagship Miitel nickel mine, in Western Australia. Ramp up will start by June and is expected to be in full production by July of 2010. MD David Moore is quoted saying: “Not only does this increase the existing Miital ore reserves [...]
After the recovery in metal prices, Mincor Resources (MCR.AX) will restart its Miitel nickel mine in west Australia. This was confirmed by the firm last Friday. The Press Release is quoted as saying: “The production will be reactivated in full production rate of between 4,500 and 5,500 tonnes of nickel in concentrate annually in July”, [...]
Belvedere Resources Ltd. BEL:TSX-V (“Belvedere”) has announced a private placement to raise C$ 4 million at C$ 0.15 per common share with no warrants attached for a maximum of 26.67 million shares. The press release is quoted as saying: “The Private Placement will be a Brokered Private Placement. The agent, London stockbrokers Ocean Equities Ltd., [...]
Nickel prices hit a 21-month high Wednesday, up 34.9 percent over the first quarter. Some analysts believe this trend will continue with expectations of stronger demand from stainless steel mills.
By Leia Michele Toovey- Exclusive to Nickel Investing News Speculation, combined with threatened supplies due to strikes at Vale Inco, has sent the price of nickel on a much needed upswing. On the London Metal Exchange, nickel closed t at US$ 19,100 per tonne in the previous session. Over in India, on the MCX, nickel [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel will average 6 per cent higher in the fourth quarter than previously forecast after a strike at Vale will reign in supply. Vale workers at the Sudbury nickel operations in Canada are on strike as they are hard- balling management for a change in benefits [...]
Duluth Metals (TSE:DM) announced today that the company has acquired 3,353 of additional mineral leases in the Duluth Complex in Minnesota. The new properties are 21 kilometers south of Duluth’s Nokomis deposit and is believed to have potential for copper-PGE mineralization. The new land acquisitions bring Duluth’s current mineral rights and exploration holdings to approximately [...]
By Leia Michele Toovey- Exclusive to Nickel Investing NewsAt last week’s G20 summit, world leaders gathered and pledged their support to take bold steps to lift the global economy. The summit’s host- UK Prime Minister Gordon Brown claimed the meeting marked the emergence of “A New World Order.” Together the leaders unveiled a $1,100 bn [...]
Get our independent commentary on nickel trends and companies delivered to your inbox.
