Norilsk Nickel Likely to Suspend Botswana Operations
Reuters reported that Russia’s Norilsk Nickel might halt operations at its nickel mine in Botswana due to a sharp drop in the prices of metals.
Articles Tagged "nickel news"
Palmer Invests $1B on Yabulu Nickel Refinery
Mining Weekly reported that Clive Palmer announced his plans to invest A$1 billion in an upgrade for Queensland Nickel’s Yabulu refinery that would include the construction of new plant facilities, railway, and a tailings treatment facility.
Bindura Nickel Ships First Ore from Trojan Mine After 4-Year Shutdown
Mining Weekly reported that Bindura Nickel Corporation has made its first shipment to Durban from the newly restarted Trojan nickel mine in Zimbabwe after being idle for 4 years.
Nickel Rout Eases With Production Costs Breached
Bloomberg reported that nickel is bottoming as prices go below the cost of producing alternatives such as the nickel pig iron or NPI.
Melkior Resources Expands Claims in Ungava Nickel Belt
Melkior Resources Inc (TSXV:MKR) announced that it has expanded its claims in the Ungava nickel belt in Quebec by map staking, acquiring 33 claims totaling 1,361 hectares.
Nickel Extends Drop, Falls to 8-Month Low
Bloomberg reported that industrial metals continue to decline on the LME after economic data from the US and China raised concerns of a weakening demand.
Nickel Hits 7-Month Low on Weak Chinese Data
Reuters reported that nickel has hit a 7-month low on the LME ending at $15,695 as a weak economic data from China, the world’s biggest metal consumer, strengthened concerns on demand growth.
Norilsk Nickel Write-off Hurts Rusal 2012 Earnings
Marketwatch reported that United Co. Rusal PLC said it expected Norilsk Nickel’s 2012 year-end results to adversely impact its overall 2012 earnings. The company has a 27.8% stake in Norilsk Nickel, which posted a net profit of $2.1B, lower by 41% as a result of its $976M write-off.
Nickel Advances as China’s March Loan Data Exceeds Estimates
Bloomberg reported that nickel and other base metals gained as China’s loan data in March exceeded initial forecast.
Kibo, Votorantim Finalize JV Agreement for Haneti Nickel Project Exploration
Mining Weekly reported that Kibo Mining and Brazil’s Votorantim Metaís Participações are finalizing the JV agreement to start the exploration program at the Haneti nickel project.
