Category: Nickel
Rethinking mining strategies among the top-10 global trends to shape 2019
Mining companies need to determine how to operate in a market that is also characterized by rising stakeholder demands, a widening talent gap, dwindling access to key inputs such as energy and water, and a Chinese economy growing at under...
Human activity creates 208 new mineral species
(This article first appeared May 2017) Nealite [Pb4Fe(AsO3)2Cl4·2H2O] From an ancient slag site in Greece, formed by slag meeting seawater. Credit RRUFF. For the first time, more than 200 mineral species have been identified that originated either principally or exclusively...
Japan's Sumitomo Metal sees global nickel deficit nearly halving in 2019
A global nickel market deficit will nearly halve to 49,000 tonnes in 2019 from 93,000 tonnes this year on higher output of primary metals by global suppliers and of lower-grade nickel pig iron (NPI) in Indonesia, Sumitomo Metal Mining said...
Vancouver’s ePower Metals buys Magenta cobalt project in Mexico
ePower Metals (TSXV: EPWR) announced it has entered into a definitive agreement to buy Exploracion Auramex S.A. de C.V. and its Magenta cobalt project from Bowering Projects for $150,000 and 2,500,000 common shares. In a press release, ePower Metals explained...
Clean TeQ's Sunrise nickel-cobalt-scandium project gets green light
An Australian Independent Planning Commission approved a modified version of Clean TeQ’s Sunrise nickel-cobalt-scandium project, located in New South Wales’ central west area. The new version of the proposal includes strict conditions to mitigate against impacts on the community and...
Cuba sees nickel output topping 50,000 tonnes
Cuba’s nickel plus cobalt sulfide production will top 50,000 tonnes this year and earnings are up over 2017, the head of the country’s state monopoly Cubaniquel was quoted by local media as stating on Wednesday. Nickel is one of the...
Greece seeks to avert nickel producer Larco shutdown
ATHENS, Dec 12 (Reuters) – Greece is trying to avert the possible closure of Europe’s biggest nickel producer Larco and is looking at ways to ensure there are no interruptions to its electricity supply, the country’s energy ministry said on Wednesday. Larco,...
Vale doubles down on nickel ahead of EV revolution
LONDON – Vale, the Brazilian mining giant built on supplying the world’s steel mills with iron ore, is now betting on the electric vehicle (EV) revolution to turn its nickel division around. “We believe in this revolution to come,” Chief...
Vale to go it alone on $500m investment in New Caledonia nickel mine
RIO DE JANEIRO – Vale, the world’s top nickel producer, plans to invest $500 million from 2019 to 2022 in its New Caledonia nickel mine “on our own,” its chief executive said on Tuesday. Fabio Schvartsman said on the sidelines...
Nornickel aims to boost output to tap electric car boom
MOSCOW – Russian nickel and palladium producer Norilsk Nickel (Nornickel) plans to ramp up output over the next five years to tap an expected boom in demand from electric vehicle makers, its CEO and top shareholder Vladimir Potanin told Reuters....
Vale told to pay $26.8m in damages to indigenous tribes
A Brazilian court has ordered Vale (NYSE:VALE) to pay two indigenous tribes $26.8 million over river contamination and public health-related issues caused by the company’s nickel-extracting operations in the northern state of Pará. The judge also instructed Vale to halt...
Volkswagen to spend $50 billion on electric car 'offensive'
German automaker Volkswagen said Friday it will spend tens of billions of dollars refocusing the company on the making of electric cars, autonomous vehicles and new mobility services. The Wolfsburg-based manufacturer, which plans to have some of the new offering in...