Iron Mountain Mining will repay loan to Eagle Nickel
Iron Mountain Mining has provided further information on its off market bid for all of the shares in Aluminex Resources. For full story, click here
Articles Tagged "resources"
African Eagle Resources will seek partner for Tanzanian Mine
African explorer African Eagle Resources declared that the company would be seeking a partner for its Dutwa nickel project within about a year as it moved into the prefeasibility study stage. For full story, click here
Panoramic Resources has owned 100% of Lanfranchi Nickel
Panoramic Resources now owns 100% of the Lanfranchi Nickel project near Kambalda in the Goldfields. Panoramic finalized the purchase of the Brilliant Mining Corporation’s 25% share of the mine. For full story, click here
Minara Nickel output remained steady with market volatile
Minara Resources Ltd., Australia’s second-largest nickel producer declared that its first-quarter production was little changed and reported that the market remains volatile. For full story, click here
Lack of purchases halt nickel
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel prices entered the New Year with upward momentum, as the annual commodity index rebalancing was positive for the base metals. Now, it is one month into the year and the gains have halted. London Metal Exchange three-month nickel closed Friday at US$11,150 a metric tonne, [...]
Cutbacks make way for nickel boom
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel prices plunged 59 per cent last year, as demand around the globe collapsed. For the nickel market to improve in 2009, two key events need to transpire. First off, demand from steelmakers needs to improve, and secondly, China’s economy needs to grow. Currently, steelmakers are [...]
Has nickel bottomed?
By Leia Michele Toovey-Exclusive to Nickel Investing News Nickel was one of the worst performing commodities last year, sinking from more than US $33,000 a tonne in March to below US $9,000 in October due to lower demand from steel makers. Late in the year, the industry was hit with a bunch of cutbacks- cutbacks [...]
Nickel industry faces delays
By Leia Michele Toovey- Exclusive to Nickel Investing News The sharp retreat in the price of nickel in 2008 as demand from the key stainless steel sector plummeted has forced several producers to curb output or defer projects. So far, in 2008, and extending into 2009, mines in Australia, Canada, Finland, Africa and Asia have [...]
Mining giants feel the pinch
By Leia Michele Toovey- Exclusive to Nickel Investing News The mining giants that feed the world’s appetite for iron, copper and other industry staples earned piles of money as commodities prices soared the past. Now, they are facing a much different situation. Across the board metals prices have plunged. Right now on the London Metal [...]
Mincor plans tro reduce output
Mincor Resources has reported falling profits, forcing the minor to reduce costs and cut output in response to the loss of confidence on global markets. David Humann, chairman of the board of directors of the company, said: A 22 per cent drop in the average realised nickel price over the year had slashed the company’s profit margin [...]
