By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel took part in the base metal’s slide this week; with nickel futures dropping from cash buyer $15,600 per tonne on the LME last Friday, to $14,950 per tonne on Tuesday’s close. The sharp losses in futures values hit all the base metals as another round [...]
Mirabela Nickel Limited declared the placement of 5 million shares to institutional investors at A$2.15 each to raise A$10.75 million. For full story, click here
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 [...]
Mirabela Nickel Ltd., the world’s third-largest open-pit nickel mine in Brazil, gained in Sydney after announcing that it will sell shares and secure loans to raise $310 million. The company’s shares surged 1.4 percent to A$1.45 at the close of trading. For full story, click here
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel prices have slumped over 80 per cent to about $9,850 a tonne since reaching a record high of $51,800 in May 2007. Many nickel enterprises have already chosen to suspend production on account of low prices, but these output cuts have failed to keep pace [...]
Mirabela Nickel is keeping hopes to capture significant funds to complete its massive South American project inspite of the fact there could be risks in finalising the capital. Troy Irvin, analyst, said: However, the banks are still open for business for world-class assets. For full story, click here
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel has kicked off 2009 as the worst performing metal; declining 15 per cent in the first two months of the year, the most among LME traded metals. Inventories are well on their way to rise above 100,000 tonnes, the highest since June 1995. Prices will [...]
Mirabela Nickel Ltd reported that it has signed a commitment letter to raise $150 million from a senior secured term loan facility to develop its Santa Rita project in Brazil. For full story, click here
By Leia Michele Toovey-Exclusive to Nickel Investing News Nickel was one of the worst performing commodities last year, sinking from more than US $33,000 a tonne in March to below US $9,000 in October due to lower demand from steel makers. Late in the year, the industry was hit with a bunch of cutbacks- cutbacks [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel started the New Year with a bang, gaining 50% of its value in just two and a half days. The metal, used primarily as a component of stainless steel, was joined by the other major commodities in a rapid rebalancing. Last Friday nickel hit a [...]
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