Globe and Mail reported Xstrata (LSE:XTA) and Glencore (LSE:GLEN) are discussing the possibility of a merger giving Xstrata control of a nickel mine in Canada.
Reuters Africa reported the development timetable for the Koniambo nickel project in New Caledonia was unaffected by a weekend fire.
AFP.com reports that XStrata (LON:XTA) is set to launch its' nickel project in 2012 in New Caledonia.
By Kishori Krishnan Exclusive To Nickel Investing News The smiles are back. Despite persistent worries over Greece’s debt woes, European shares bounced back on Monday and miners tracked firmer metals. Though we could be a long way off from a solution to the underlying cause of the current tension, and there remains a significant risk [...]
By Kishori Krishnan Exclusive To Nickel Investing News This is one overture that has not gone down well. Suitor Jilin Jien Nickel Industry Co Ltd made fresh advances to Canadian Royalties Inc, developer of the $600 million Nunavik nickel-copper-platinum mine in Northern Quebec, by extending its $192 million bid. The sweetened offer, extended from October [...]
Australian Associated Press declared that Xstrata has surged nickel production at its Australian operations by 185% YoY during the first half of calendar 2009 as compared to the same period a year earlier. For full story, click here
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel futures rose on Thursday as traders indulged in short covering with the view that demand is about to rise. Nickel futures on the MCX and the LME were tracking positive sentiment, on the indication that the global economy is stabilizing. This was a welcome turn [...]
Xstrata Nickel’s Raglan Mine has welcomed the initiative taken by the Minister for Natural Resources and Wildlife, Serge Simard, in unveiling Quebec’s first mineral strategy last week. Michel Boucher, General Manager of Xstrata Nickel’s Raglan mine located in Nunavik, stated: Quebec already ranks among the best jurisdictions in the world for the mining sector. This [...]
Xstrata Nickel declared that its Raglan operation in Northern Quebec has been awarded the 2008 F.J. O’Connell trophy for excellence in safety for the tenth time in the last eleven years. Michel Boucher, General Manager of the Raglan Mine, stated: Raglan’s total recordable injury frequency rate improved by 21% in 2008 over the previous year. [...]
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
Thursday, February 2, 2012