Reuters reported Panoramic Resources (ASX:PAN) has made a hostile bid of about $43 million for the shares it does not already own in Magma Metals (ASX:MMW,TSX:MMW).
IBTimes reported BHP Billiton Ltd. (ASX:BHP,NYSE:BHP) and other companies are planning to lay off hundreds of workers as mines and factories shut down in Australia.
Globe and Mail reported Xstrata (LSE:XTA) and Glencore (LSE:GLEN) are discussing the possibility of a merger giving Xstrata control of a nickel mine in Canada.
Bloomberg reported on commodities trading around the world on Wednesday, noting nickel and other base metals edged up.
Bloomberg reported nickel ore is the most dangerous cargo on dry bulk ships.
Reuters reported base metals trading on the London Metal Exchange noting nickel fell on slowing demand from China.
Mining Weekly reported First Point Nickel (TSXV:FPX) is planning to mine naturally occurring stainless steel at its Decar project in British Columbia.
Fort St. James Nickel Corp. (TSXV:FTJ) announced drill results for its Kilmetre 26 project where they discovered new nickel mineralization.
Reuters reported Norilsk Nickel (LSE:MNOD,MCX:GMKN) says it output of nickel will rise in 2012.
Nortec Minerals Corp. (TSXV:NVT) announced it will earn an undivided 80% interest in the Karhujupukka iron-titanium-vanadium-nickel-palladium-platinum-gold property.
Friday, February 3, 2012