FNX Mining Company Inc. (“FNX”), a Diversified Canadian Nickel Company has completed its merging agreeemnt with Canadian base-metals miners Quadra Mining. The friendly merging of these two mining companies is expected to produce 300-million pounds of copper and 150 000 ounces of platinum-group metals in 2010. Paul Blythe, CEO of Quadra is quoted saying: “The [...]
Mutiny Gold Limited: ASX:MYG, a diversified Australian resources company, has announced that it has signed an agreement with Mac Equity Partners Pty. Ltd. to secure the necessary funds to continue aggressive exploration activities at its two flagship Western Australian projects. The two projects are the White Well gold project in the Murchison and the Widgie [...]
FNX Mining Company Inc. (“FNX”), a Diversified Canadian Nickel Company and Quadra Mining Ltd. (QUA.TSX), a multi-asset copper and base metal producing company have agreed to merge where FNX share will be exchanged for 0,87 Quadra shares and $0,0001. The deal is set to close on May 21 after the two parties have sought the [...]
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 [...]
After the recovery in metal prices, Mincor Resources (MCR.AX) will restart its Miitel nickel mine in west Australia. This was confirmed by the firm last Friday. The Press Release is quoted as saying: “The production will be reactivated in full production rate of between 4,500 and 5,500 tonnes of nickel in concentrate annually in July”, [...]
Indonesia’s nickel producer, PT International Nickel Indonesia Tbk (Inco) has reported a huge increase in nickel production as compared to its 2009 first quarter profits of 16,220 metric tonnes to this 2010 first quarter of 19,811 metric tonnes net profit. The profit came from nickel in matte production, deliveries, and average realised price. More in [...]
With stainless steel production crashing worldwide this year, demand for key alloy nickel is sliding and its world price will average $5.10/lb, a 47% dip from $9.57 in 2008. For full story, click here
The International Nickel Study Group has predicted that with stainless steel production in its third successive year of decline, world production of refined primary nickel now is expected to dip 9.3% to 1.26-million metric tons in 2009. For full story, click here
Nickel output for the 9 months to March 2009 was in line with the corresponding period. Production in the March 2009 quarter was 10% QoQ higher than the March 2008 quarter, which was impacted by an industrial stoppage at Cerro Matoso. For full story, click here
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