RioZim (RTNR.ZI), a Zimbabwe mining group, has announced that they would raise a total of $40 million to renovate a nickel refinery and fund the expansion of its gold mining projects. Paul Markham, RioZim operations director is quoted saying: “We would want to have a senior partner … who would build and operate the station, [...]
Hannans Reward Ltd (ASX: HNR) will restart its exploration of nickel sulphide at its Queen Victoria Rocks project. This project is 100% owned by the company, located at 30km west of Coolgardie in the Goldfields region of Western Australia. Hannans‚ Managing Director Damian Hicks is quoted saying; “Hannans has a suite of three excellent nickel [...]
World’s top nickel and palladium miner, Mining and Metallurgical Company Norilsk Nickel (MMC Norilsk Nickel) plans to sell some of its nickel laterite projects in Australia. It has also dismissed any value to be gained with debt-laden UC RUSAL (RUAL.PA). The company plans to reduce its dependence on nickel to 35 percent of revenue by [...]
Mincor, an Australian nickel-miner has confirmed that they will pursue the production at its flagship Miitel nickel mine, in Western Australia. Ramp up will start by June and is expected to be in full production by July of 2010. MD David Moore is quoted saying: “Not only does this increase the existing Miital ore reserves [...]
Indonesia’s nickel producer, PT International Nickel Indonesia Tbk’s (Inco) (INCO.JK) Q1 profit surged up to 19,811 metric tonnes in matte production, deliveries, and average realized price as compared to 16,220 metric tonnes in Q1 of 2009. The press release is quoted as saying: Nickel in matte production rose to 19,811 metric tonnes in the first [...]
Vale SA has stopped output at its Thompson nickel mine and processing plant for a scheduled maintenance on August 1st 2009, and bringing its entire Canadian nickel operations to a halt. For full story, click here
Australian Associated Press declared that Xstrata has surged nickel production at its Australian operations by 185% YoY during the first half of calendar 2009 as compared to the same period a year earlier. For full story, click here
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
Papua New Guinea’s chief inspector of mines has revealed that work at a $1.7 billion nickel mining project has been suspended because of health and safety concerns. For full story, click here
Nickel prices are trading strong due to higher equities and a strike at Brazilian miner Vale`s Canadian nickel operations also supported the market sentiment. For full story, click here
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