Australian Miners Threatened by Low Nickel Prices
ABC reported that independent analyst Tim Treadgold believes that nickel mines in Australia's Goldfields-Esperence region may have to close if the metal's price does not improve.
ABC reported that independent analyst Tim Treadgold believes that nickel mines in Australia's Goldfields-Esperence region may have to close if the metal's price does not improve.
Reuters reportedRussia's Norilsk Nickel (LSE:MNOD) said its first-half net profit is expected to exceed $1.4 billion.
Financial Post reported with Glencore’s (LSE:GLEN) takeover bid of Xstrata (LSE:XST) is likely to fail, leaving Xstrata to woo back shareholders.
Mincor Resources NL (ASX: MCR) announced results from exploration drilling at its Miitel and Mariners nickel mines in Western Australia.
SMH reported Mirabela Nickel (TSX:MNB,ASX:MBN) has cut back its workforce in a bid to stem losses as nickel prices continue to languish.
Globe and Mail reported on small-cap stocks to keep an eye on Wednesday.
Reuters reported Norilsk Nickel (LSE:MNOD) is negotiating with banks to secure funding for a nickel project in Australia.
Reuters reported Norilsk Nickel (LSE:MNOD) has resumed shipping nickel from Dudinka after a seasonal closure due to flooding ended.
CNBC reported on base metals trading on Tuesday, noting nickel is still trying to regain on limited stainless steel demand from two and a half year lows.
Bloomberg reported Norilsk Nickel's (LSE:MNOD) shares dropped on the announcement Russia's export tax will increase by 16%.
Get our independent commentary on nickel trends and companies delivered to your inbox.