Toledo Mining plc declared that it has conditionally raised 3.36 million pursuant to a placing agreement between the company and Ambrian Partners Limited by way of a placing of 12,000,000 ordinary shares of 5 pence each in the share capital of the Company with new and existing shareholders at a price of 28 pence per [...]
Xstrata Nickel declared that it has presented a cheque for $6.8 million to Makivik Corporation, representing its share of the profits generated by the Raglan nickel mine in 2008. For full story, click here
By Leia Michele Toovey-Exclusive to Nickel Investing News Nickel prices will most likely be flat, at best, in 2009, according to Robin Bhar, metals analyst for Calyon Credit Agricole CIB, London. However, nickel premiums are difficult to gauge in a market characterized by a lack of demand, rising stocks and sinking prices. LME nickel prices [...]
Overview Bold Ventures Inc. (BOL: TSX.V) is an exploration company with three Canadian projects. The Company’s main emphasis is on two Nickel-Copper-PGE exploration properties located in the McFaulds Lake area ‘Ring of Fire’. In addition, Bold continues to actively investigate additional opportunities in the ‘Ring of Fire’ area. Investment Highlights: Option agreement with Noront Resources [...]
Sumitomo Metal Mining Co Ltd jumped 14.8 percent to 690 yen after it said it would buy back up to 10 billion yen worth of its own shares, or 2.8 percent of the outstanding shares. For full story, click here
Share price of First Nickel Inc. fell more than a third on Monday after the company suspended production and initiating a care and maintenance program at its Lockerby mine. William Anderson, president and CEO of First Nickel. said: Regrettably, the prevailing nickel prices are below Lockerby’s cash costs per pound of payable nickel even though the [...]
Nickel is high lustre, silver-white coloured material that early civilizations confused with silver. Unlike “fools gold” this imposter is in no way worthless. The element has valuable applications that have enabled it to carve its own niche in the precious metals market. Nickel is primarily used as a refined metal with two thirds of global [...]
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