Norilsk Nickel plans to re-sell buyback shares
Russian mining giant Norilsk Nickel has announced its plan to sell the same shares which it recently bought back from investors at a hefty discount to the buyback price. For full story, click here
Articles Tagged "Shares"
European Nickel to raise $6 million through issue of shares
European Nickel Plc announced its plans to issue 72.5 million shares to raise about $6 million to cover expenses before it receives financing from two Chinese partners to develop its flagship mine project in Turkey. Managing Director Simon Purkiss, said: Whilst the recently announced financing framework agreement with our partners JXTC and TCC will, upon [...]
Focus declines on $28m capital raising plan
Investors have sent shares in nickel explorer Focus Minerals lower after company reported that it would raise up to $28 million to fund its aggressive growth strategy. For full news, click here For company’s website, click here
Victory buys Additional Common Shares of Independent
Independent Nickel Corp. said that Victory Nickel has paid for an additional 4,088,815 outstanding common shares of Independent Nickel. For full story, click here
Stainless steel manufacturers using less nickel
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel was down US$350 to US$16,650 at India’s Multi Commodity Exchange, MCX, on Monday.The benchmark September nickel MNKU8 was down 1.27 per cent at Rs 774.5. Nickel October contract was trading down 0.38 per cent at Rs 796.50 a kg. It opened at Rs 810.80 as compared [...]
Mining companies changing gears in the face of low nickel prices
By Leia Michele Toovey- Exclusive to Nickel Investing News Miners across the globe are a worried lot, what with the plunging price of nickel putting pressure on companies to streamline operations. Mines in Australia have been especially hard hit, due to the weakening Australian dollar; down 10 per cent against the US greenback since mid [...]
Nickel Leads as Metals Slide
By Leia Michele Toovey – Exclusive to Nickel Investing News Nickel just cannot shake off its recent title of ‘Worst Performer’ in metals. Stockpiles, as monitored by the LME, have been increasing long enough for investors to shift blame from a summer lull to waning global demand. This latest accusation has some basis as data from both Europe and China point [...]
Potanin to acquire Norilsk Nickel shares for $10b
Vladimir Potanin announced to acquire a 16.7-percent stake in Norilsk Nickel from previous business partner Mikhail Prokhorov for $10 billion. For more news, click here
