Indonesian Nickel Producers Stocks Advance
Bloomberg reported nickel producers stocks rose as the Jakarta Composite index also rose 1.1 percent to 3,794.27.
Bloomberg reported nickel producers stocks rose as the Jakarta Composite index also rose 1.1 percent to 3,794.27.
Bloomberg reported Vale SA (SAO:VALE5) plans to invest $21.4 billion on mining projects in 2012 after failing to meet spending targets this year.
Bloomberg reported nickel is set to rebound as Chinese steelmakers lead a recovery in demand.
Bloomberg reported billionaire Vladimir Potanin’s Interros Holding Co. may seek control of OAO GMK Norilsk Nickel (MCX:GMKN) after a $4.5 billion buyback.
First Nickel Inc. (TSE:FNI) reported it closed out the hedge position of 15 million pounds of nickel.
Bloomberg reported Micex Index fell 7.8 percent, while the RTS Index dropped 8.6 percent.
URSA Major Minerals Incorporated (TSE:UMJ) announced its financial and operating results for the three and six months ended July 31, 2011.
Canadian Arrow Mines, Ltd. (CVE:CRO) reported on the first set of results received from its Kelex nickel project located in Ontario.
Mining Weekly reports Kagara’s Forrestania (ASX:KZL) nickel project has identified significant exploration potential.
Bloomberg reports the Micex Index (INDEXCF) slid 1.6 percent to 1,484.44 in Moscow, paring an earlier loss of as much as 2.1 percent.
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