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.
Xstrata Plc’s (XTA.L) biggest shareholder, Glencore International AG [GLEN.UL], the trading and mining giant, has announced that 2010 is a solid year for the company. It has sold nickel, zinc, and copper at higher prices at the start of the this year. Henri Alexaline, a credit analyst at BNP Paribas was quoted saying: “If anything, [...]
FNX Mining Company, a Diversified Canadian Nickel Company has reported that nickel sales dropped 400,000 pounds as copper sales has dropped to 50%. However, precious metals sales went up to 13,258 ounces during the Q1 of 2010. Terry MacGibbon, FNX CEO is quoted saying: “The first quarter results were impacted by a temporary shortfall at [...]
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 [...]
Indonesia’s nickel producer, PT International Nickel Indonesia Tbk’s (Inco) (INCO.JK) Q1 profit surged up to 19,811 metric tonnes in matte production, deliveries, and average realized price as compared to 16,220 metric tonnes in Q1 of 2009. The press release is quoted as saying: Nickel in matte production rose to 19,811 metric tonnes in the first [...]
Indonesia’s nickel producer, PT International Nickel Indonesia Tbk (Inco) has reported a huge increase in nickel production as compared to its 2009 first quarter profits of 16,220 metric tonnes to this 2010 first quarter of 19,811 metric tonnes net profit. The profit came from nickel in matte production, deliveries, and average realised price. More in [...]
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 [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Ben Bernanke’s comments as part of the FOMC’ s statement that the recession in the US is easing increased confidence that demand for metals will strengthen, advancing nickel as much as 8.5 per cent to hit its peak price for 2009. Across the ocean, Germany, the [...]
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 [...]
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