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...
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...
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...
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...
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....
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...
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...
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,...
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...
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...
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...
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...