Category: Nickel
Vale delays sale of stake in New Caledonia nickel mine
NEW YORK/VANCOUVER (Reuters) – Vale SA (VALE5.SA) has decided to postpone the sale of a stake in its New Caledonia nickel mine after the initial bids for the asset came in at the lower end of expectations, two people with...
Juniors oppose Barrick’s plans to turn an old mine into a ski resort
Junior miners say they oppose Barrick Gold’s (TSX, NYSE:ABX) idea to transform its old Mascot Giant nickel mine located near Hope, British Columbia, into a ski resort. In an email sent out to the media, J.A. Chapman Mining Services Engineer,...
Electric cars yet to turn cobalt market into gold mine – Nornickel
Demand for cobalt used to make rechargeable batteries that power electric cars has not yet translated into a tighter market, according to Russia’s Norilsk Nickel, a major producer of the metal. Materials used to make the batteries will be a...
Russia's Nornickel sticks to 2017 output forecast after strong quarter
* Q3 nickel output down 3 pct y/y* Q3 output of copper, PGMs up y/y* Shares up 0.5 pct in Moscow, in line with market (Writes through to focus on year-on-year comparison, addsquotes, context) Russia’s Norilsk Nickel, the world’s second-largest...
Electric cars set world's nickel miners on new course
* Growing use of nickel, which allows longer charge, in batteries * Not all nickel suitable for electric car batteries * BHP, Sumitomo among first movers By James Regan and Melanie Burton SYDNEY/MELBOURNE, Oct 31 (Reuters) – Battery makers are...
Nickel: The secret driver of the battery revolution
Commodity markets are being turned upside down by the EV revolution. But while lithium and cobalt deservedly get a lot of the press, there is another metal that will also be changed forever by increasing penetration rates of EVs in the automobile...
BHP aims for more copper, oil; steers away from EV minerals
LONDON, Nov 2 (Reuters) – The world’s biggest miner BHP’s response to the electric vehicle debate is to hunt for new reserves of copper and oil, while seeking a buyer for its assets to produce battery-grade nickel and steering clear...
London Metal Exchange Week galvanised by electric dreams: Andy Home
Inside London Metal Exchange (Image courtesy of London Trading Exchange.) By Andy Home, columnist for Reuters. The future is bright. The future is electric. The green technology revolution lit up this year’s London Metals Exchange (LME) Week. “Electric vehicles are a...
Finnish nickel producer, Trafigura tap electric vehicle boom
HELSINKI, Nov 10 (Reuters) – Finland’s Terrafame nickel mine is planning to start producing material for electric vehicle batteries by 2020, the company said on Friday, after securing $200 million more in funding from commodities trader Trafigura Group. Trafigura, which...
Outotec to deliver minerals processing technology and services to MMC Norilsk nickel mine in Russia
Norilsk Nickel office. Image by Ninara on Flickr Creative Commons. OUTOTEC OYJ PRESS RELEASE, SEPTEMBER 29, 2017 AT 4.00 PM Outotec has been awarded a contract by MMC Norilsk Nickel for the delivery of minerals processing technology and related advisory...
Botswana Diamonds soars on promising find at South African project
Botswana Diamonds soars on promising find at South African project Company to start drilling at its recently discovered Ontevreden project later this year. Cecilia Jamasmie | Sep. 29, 2017, 3:45 AM | | Shares in London-listed Botswana Diamonds (LON:BOD) received...
Philippines' President says open-pit mining ban should stay
Philippines’ President Rodrigo Duterte said on Tuesday he believed the controversial ban on open pit mining imposed by former Environment Secretary Gina Lopez should remain in place given the environmental damage it causes, but noted he would give companies time...