Noront Resources Ltd (TSXV:NOT) is an exploration company focused on developing its multi-metal discoveries in the Ring of Fire of northern Ontario, Canada. Noront is the largest landholder in the Ring of Fire with properties that host high-grade nickel-copper-platinum-palladium, chromium, gold, and vanadium deposits.
UC Resources Ltd. (CVE:UC) reports on the drilling of a recently discovered anomaly in the McFaulds lake area of the "Ring of Fire" in Ontario.
Unionized workers at Brazilian miner Vale SA’s nickel operations in Eastern Canada will strike at midnight Friday, joining workers in Ontario who are in their third week on the picket line. For full story, click here
Xstrata PLC. has indefinitely suspended operations at its Montcalm nickel mine in Timmins, Ontario, after finding structural damage. Ian Pearce, chief executive of Xstrata’s nickel division, stated: We’ve ceased operations at Montcalm for the foreseeable future because of ground conditions and safety issues. For full story, click here
FNX Mining has announced that it will raise up to C$15-million by selling 2,17-million flow-through shares, to fund exploration on the company’s Sudbury properties, in Ontario. For full story, click here
Overview Based on Indicated and Inferred Resources for the Nokomis Deposit, the Nokomis Deposit ranks as one of the largest Polymetallic Resources to be discovered in North America in decades containing a higher than average grade for deposits within the Duluth Complex. The Nokomis Deposit is located in Northeastern Minnesota, southeast of the town of [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Under the weight of high inventories, nickel is anticipated to be one of the slowest industrial metals to rebound. LME stocks of nickel are at their highest since around mid-1995. The world refined nickel market was in surplus by 42,900 metric tonnes in January-November of 2008, [...]
By Leia Michele Toovey-Exclusive to Nickel Investing News In most of 2008, nickel prices have taken a battering, as a weakening US currency, steeply rising prices of oil and gold, and shrinking stainless steel demand have extended losses. LME nickel prices started their rapid descent in July 2008. From beginning to mid August, prices rested in the [...]
Freewest Resources, and Spider Resources, and KWG Resources Inc. jointly announced that drilling resumed on their joint owned Nickel Chrome Prospect, which is 3.5 km North-East of the Noront Nickel Discovery, McFaulds Lake Area, Northern Ontario. For full story, click here
Friday, November 25, 2011