Category: Nickel

Vale board set to approve $1 Billion copper mine expansion -sources

The board of Vale is close to approving a $1 billion expansion of its Salobo copper mine, two people familiar with the matter said, as the world’s top iron ore miner seeks to diversify and take advantage of growing international...

/ October 9, 2018

Uganda to join transparency program as it seeks mining investors

(Bloomberg) — Uganda plans to join a program aimed at rooting out corruption in resource industries as the East African nation seeks to reassure potential investors that it isn’t involved in “conflict minerals.” The cabinet has already endorsed the plan...

/ October 3, 2018

Forty-five per cent of cars sold in Norway last month were electric: report

In September Norwegians swung strongly for electric vehicles and gave zero-emission vehicles a 45% market share, says Advisory Council of Veitrafikken AS (in Norwegian). There were 4,810 passenger plug-in cars registered in Norway last month, up 25% from a year...

/ October 2, 2018

Brazil's Vale shareholders near deal to pay Eletron $692m

SAO PAULO, Sept 26 (Reuters) – Two major shareholders of Brazilian mining company Vale SA are likely to reach an agreement on Wednesday to pay 2.82 billion reais ($692 million) to Eletron to settle a dispute over Vale shares, according to...

/ September 27, 2018

Top nickel miners ranked

Vale is the nickel king based on 2017 production totals. Vale produced 242 kilotonnes of nickel in 2017. Norilsk Nickel was second having produced 163 kilotonnes. Note, this is nickel just derived from mines. Total excludes nickel provided by external parties....

/ September 19, 2018

Royal Gold resolves Voisey’s Bay royalty dispute

DENVER–(BUSINESS WIRE)– Royal Gold, Inc. (NASDAQ: RGLD) (“Royal Gold” or the “Company”) announces that wholly-owned subsidiaries of the Company and Altius Minerals Corporation (“Altius”) entered into an agreement with Vale Canada Limited and certain of its subsidiaries (collectively, the “Parties”) to comprehensively settle...

/ September 15, 2018

Top cobalt mines ranked by production in 2017

Glencore’s Mutanda Mine in the Democratic Republic of Congo produced 23.9 kilotonnes of cobalt in 2017 making Mutanda the world’s biggest producer of the blue metal that is also owned by a publicly-traded company. Ranking was compiled using data from Mining...

/ September 14, 2018

Don’t underestimate lithium-ion battery demand for nickel

The focus on lithium-ion batteries seems to reflect supply and demand of lithium and cobalt and the growth rates of EVs and ESS but it would be very wrong not to include nickel. If EVs are to replace petrol/diesel vehicles,...

/ September 14, 2018

Nickel price to benefit from short supply, strong steel demand through 2019

JAKARTA, Sept 12 (Reuters) – Slower production increases in leading supplier Indonesia and continued growth in stainless steel demand are forecast to extend a supply shortage in the global nickel market, supporting price gains through 2019. Nickel, which recently hit...

/ September 13, 2018

Russia's Potanin returns 2 pct in Norilsk Nickel to Abramovich -sources

MOSCOW, Sept 10 (Reuters) – Russian billionaire Vladimir Potanin has returned a 2 percent stake in Norilsk Nickel to Roman Abramovich and his partners, according to a source in a holding which manages Potanin’s assets and a source familiar with...

/ September 11, 2018

Luxembourg’s mining-focused Space Agency ready to lift off

Luxembourg, one of the first countries to set its eyes on the possibility of mining asteroids, is officially launching its Space Agency (LSA) next week, which main goal will be boosting exploration and commercial utilization of resources from near Earth...

/ September 8, 2018

World’s ‘most beautiful’ electric car to hit the road in 2020

Jaguar Land Rover Classic has dropped a bombshell in the growing electric vehicles (EVs) sector by announcing the start of production for its ‘E-Type Zero’ car, said to be “the most beautiful” of its kind in the world. Designed by...

/ August 29, 2018