The board of Norilsk Nickel (GMKN.MM) recommended a bumper $1.3 billion dividend on 2009 results. The move is enabling its shareholders, including two Russian giant miners to cash in for return to profit. Chief Executive Vladimir Strzhalkovsky is quoted saying: “Despite the fact that we had a recommendation to pay out 20-25 percent of net [...]
Mutiny Gold Limited: ASX:MYG, a diversified Australian resources company, has announced that it has signed an agreement with Mac Equity Partners Pty. Ltd. to secure the necessary funds to continue aggressive exploration activities at its two flagship Western Australian projects. The two projects are the White Well gold project in the Murchison and the Widgie [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Speculation, combined with threatened supplies due to strikes at Vale Inco, has sent the price of nickel on a much needed upswing. On the London Metal Exchange, nickel closed t at US$ 19,100 per tonne in the previous session. Over in India, on the MCX, 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
Jilin Ji En Nickel Industry Co., Ltd., a key nickel mining and refining company in China, declared that it bought 38.5 million common shares in Victory Nickel Inc., 14.7 percent of its capital Stock, from Nuinsco Resources Ltd. For full story, click here
First Nickel Inc. declared that at the request of the TSX, the Company wishes to provide further detail regarding the conversion of interest payments into shares to service the proposed US$10 million working capital facility announced on June 16, 2009. For full story, click here
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel’s plummet from all time highs may actually work out in the end to benefit the metal. The hunt for effective substitutes for nickel in making stainless steel may have slowed down after nickel prices tumbled around 80 per cent in less than two years. While [...]
Crowflight Minerals reported to have entered into an agreement with a syndicate of underwriters which will purchase shares and warrants on an underwritten private placement basis. For full story, click here
By Leia Michele Toovey- Exclusive to Nickel Investing NewsAt last week’s G20 summit, world leaders gathered and pledged their support to take bold steps to lift the global economy. The summit’s host- UK Prime Minister Gordon Brown claimed the meeting marked the emergence of “A New World Order.” Together the leaders unveiled a $1,100 bn [...]
Mirabela Nickel Ltd., the world’s third-largest open-pit nickel mine in Brazil, gained in Sydney after announcing that it will sell shares and secure loans to raise $310 million. The company’s shares surged 1.4 percent to A$1.45 at the close of trading. For full story, click here
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