The agreement signed with Indonesia’s outgoing government also means higher royalties to be paid by the firm.
The LME says its electronic solution for the platinum and palladium price — LMEbullion — could benefit gold bugs.
The mining giant has made a sharp U-turn on its initial decision to snub a London listing for its $17 billion spinoff.
The former Xstrata boss' new venture, X2 Resources, is "currently reviewing a number of opportunities in the metals and mining sector."
It is unclear whether Mick Davis bid for all the assets that BHP ended up including in the new to-be listed firm.
Anglo's chief warned the company plans to take severe measures over the next two years.
Nickel is present in over 3000 different alloys that are used in over 300,000 products for consumer, industrial, military, transport/aerospace, marine and architectural applications.
The polar class vessel is loaded with a cargo of nickel concentrate from Nunavik’s Deception Bay destined for the port of Bayuquan, northern China.
Operations, however, won’t resume until at least Oct. 7.
Protesters are demanding management to review safety conditions following a fatal accident on Sept. 27.
It would also create a a 15-kilometre long ‘‘super pit’’ from the union of Rio’s Mount Thorley Warkworth and Glencore’s Bulga open-pit mines.
30,000 tonnes of copper concentrate were sent out Monday.
This is the first fee hike since Hong Kong Exchanges & Clearing Ltd. acquired LME for $2.2 billion in 2012.
For thousands of years of development as a species, humans never really needed to understand the real meaning behind big, unreachable numbers such as billions or trillions.
An average nickel price of US$20,000 per tonne has been forecast for Australian nickel producers in 2015 – but the sector has been urged to keep its grass roots focus on untapped potential nickel discoveries in Australia, rather than overseas.
New company would still have its primary listing in Australia, with secondary listings in South Africa and the UK.
Two mines in the Snow Lake area of Manitoba, Canada, were officially opened last week.
The Centre for mining Excellence in Sudbury is launching a request for proposals that would be eligible for its $46 million Ultra Deep Mining Network, Northern Ontario Business reported earlier this month.
"All that's required is to hand the world’s best mining assets to the world’s best management."
Countercyclical investors sitting on $8 billion unspent funds have been waiting for clear signs of a market bottom. The wait may well be over.
Vale’s companywide nickel production in the second quarter of 2014 was 61,600 tonnes, an 8.6% drop from the first quarter and 5.3% fall from the year-ago period.
Filipino supply worries, depleting Chinese stocks and Indonesian refinery delays could see nickel rise close to $30,000 a tonne.
A big corporate break-up à la BHP Billiton is definitively not in his books, he told FT.com.
There's a history there of course. Just ask Mick Davis.
President Danilo Medina vetoed bill creating a National Park, which would have blocked the expansion of Glencore's Falcondo mine.
Nickel prices have surged this year, making rationalization and cost-cutting in the Sudbury basin less urgent.
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