Category: Nickel
Talon Metals tables PEA at Tamarack North
Talon Metals (TSX: TLO; US-OTC: TLOFF) has announced a preliminary economic assessment for the Tamarack zone at its Tamarack North nickel-copper-cobalt project in Minnesota. The study assigns the project a $210 million after tax net present value at a 7%...
Japan's Sumitomo Metal cuts FY profit forecast on lower metal prices
TOKYO, Nov 8 (Reuters) – Japan’s Sumitomo Metal Mining Co Ltd posted a 52 percent jump in half-yearly pre-tax profit on Thursday but cut its full-year forecast, blaming lower-than-expected metal prices amid the U.S.-Sino trade spat, and reduced nickel output....
Group ten metals – On the search for platinum group metals in Montana
NOVEMBER 2, 2018 – Michael Rowley, president and CEO of Group Ten Metals sits down with Maurice Jackson of Proven and Probable to discuss his companies exploration for platinum, palladium, nickel, copper and cobalt in the Stillwater area of Montana. This is part 2...
Horizonte Minerals shares tank on lower nickel project profitability
Shares in Horizonte Minerals saw their biggest one-day drop in over two years on Monday after the company said the nickel mine it plans to build will be less profitable than previous estimated. London-listed shares in the nickel development company...
Trafigura-backed Finnish miner Terrafame to build EV battery plant
Finland’s nickel and cobalt miner Terrafame has decided to invest in battery manufacturing for electric vehicles by building a chemicals plant, which will be partially funded by commodity trader Trafigura, the company said on Friday. The plant will produce chemicals...
Anglo will dig more platinum and diamonds than expected
Anglo American Plc will dig more platinum than expected this year, while diamond production from its De Beers business will be at the top end of its guidance range. The century-old mining company released its production results for the third-quarter...
Cerro Matoso owes Colombia more than $56M in royalties
The Cerro Matoso nickel mine, owned by Australian miner South32, owes more than $56 million in unpaid royalties to Colombia, the country’s comptroller said on Tuesday. The company, which produced 40,600 tonnes of ferronickel in 2017, applied incorrect discounts to...
BASF and Nornickel join forces in European EV battery push
FRANKFURT/MOSCOW, Oct 22 – Germany’s BASF and Russian miner Norilsk Nickel (Nornickel) have struck a nickel and cobalt supply deal to meet growing demand for electric vehicle (EV) batteries. Underpinned by a new BASF cathode plant in Finland, the agreement...
Brazilian pension fund Previ won't sell Vale shares before year end- CEO
RIO DE JANEIRO, Oct 22 – Brazilian pension fund Previ, one of iron ore miner Vale SA’s largest shareholders, will not sell part of its stake before the year ends, its chief executive officer said on Monday. Speaking on the...
Flow of LME nickel to hidden storage dents bull story
LONDON, Oct 19 (Reuters) – The bulk of nickel moving out of London Metal Exchange-approved warehouses in Asia is showing up in hidden facilities in Europe, analysts said, denting a bullish scenario of potential shortages. LME nickel stocks have shrunk...
Glencore chair Tony Hayward latest to drop out of Saudi conference
Oct 17 (Reuters) – Glencore Plc said its chairman Tony Hayward will no longer be attending the Future Investment Initiative conference in Saudi Arabia, confirming a report in the Financial Times. He is the latest top executive to pull out...
Vale rules out major acquisitions
Brazil’s mining giant Vale (NYSE:VALE), the world’s No.1 iron ore and nickel producer, has ruled out any major acquisitions in the short-term and said it would only invest further in nickel if global prices for the metal improve. Speaking at the...