ABC reported that independent analyst Tim Treadgold believes that nickel mines in Australia's Goldfields-Esperence region may have to close if the metal's price does not improve.
Articles Tagged "Ravensthorpe"
Mining Weekly reported First Quantum Minerals (TSE:FM,LON:FQM) expects to ship nickel from the Ravensthorpe mine by the end of November.
BHP Billiton, the world’s leading miner, has reportedly hired Bank of America-Merrill Lynch to auction its Ravensthorpe nickel operation for up to $1bn. The company mothballed the site in January following a $2.1bn investment. For full story, click here
Global miner BHP Billiton Ltd/Plc has asked for as much as $793 million for its idled Ravensthorpe nickel mine in western Australia. For full story, click here
Global miner BHP Billiton Ltd/Plc is asking for as much as A$1 billion for its idled Ravensthorpe nickel mine in western Australia. For full story, click here
BHP Billiton has expected to sell the Yabulu refinery near Townsville in Western Australia, where concentrate from the $2.2-billion Ravensthorpe operations was processed until January this year. For full story, click here
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, [...]
The Shire of Ravensthorpe has dismissed speculation BHP’s local nickel mine may be mothballed, saying it has been reassured by the company that the operation will continue. For full story, click here
By Leia Michele Toovey- Exclusive to Nickel Investing News The global economic slowdown has impacted the stainless steel market, which has in turn curbed demand for nickel. Now, nickel market participants are struggling to stay afloat. The price of nickel used in stainless steel has slumped more than 60 per cent this year, and many [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News The price of nickel used in stainless steel has slumped more than 60 per cent from the beginning of this year and some mining companies have been forced to cut back output or delay projects as prices have fallen below the marginal cost of production. Nickel [...]