Sherritt grabs stake in nickel project
The Winnipeg Free Press.com reports that Sherritt (TSE:S) is set to acquire a stake from a subsidiary of Rio Tinto (NYSE:RIO) for a Nickel project in Indonesia.
The Winnipeg Free Press.com reports that Sherritt (TSE:S) is set to acquire a stake from a subsidiary of Rio Tinto (NYSE:RIO) for a Nickel project in Indonesia.
Vale Bets on Long-Term Nickel Price Strength as Construction Starts on $2 Billion Newfoundland Processing Plant. For full story, click here
Vale completed the purchase of Inco in 2007 to become the world’s second-largest nickel producer after Russia’s MMC Norilsk Nickel. Prices of nickel for delivery in three months plunged 56 percent in 2008 on the London Metal Exchange as the global credit crisis reduced demand for stainless steel. For full story, click here
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