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
Xstrata PLC. has indefinitely suspended operations at its Montcalm nickel mine in Timmins, Ontario, after finding structural damage. Ian Pearce, chief executive of Xstrata’s nickel division, stated: We’ve ceased operations at Montcalm for the foreseeable future because of ground conditions and safety issues. For full story, click here
Xstrata PLC. has indefinitely suspended operations at its Montcalm nickel mine in Timmins, Ontario, after finding structural damage. Ian Pearce, chief executive of Xstrata’s nickel division, said at a metals conference in Toronto, stated: We’ve ceased operations at Montcalm for the foreseeable future because of ground conditions and safety issues. For full story, click here
Xstrata Nickel has declared the indefinite closure of the Montcalm nickel mine in Timmins that suffered significant structural damage as the result of a large blasting operation in March. For full story, click here
Xstrata Plc, the world’s fourth- leading nickel producer, declared the cost of developing the $3.8 billion Koniambo mine in New Caledonia remains unchanged after first output was delayed to 2012 from 2011. For full story, click here
Xstrata Nickel Australasia has informed its employees and relevant stakeholder’s of its plans to delay the development of the underground mine at the Sinclair operation due to current market conditions. For full story, click here
Xstrata Nickel’s Greater Sudbury reported that its operations at the still-under-development Nickel Rim South are now closed. For full story, click here
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