Nickel News

Nickel mining, investment and price news

Freeport-McMoRan cuts spending, production and jobs: shares soar

Cecilia Jamasmie | August 27, 2015
Freeport-McMoRan cuts spending, production and jobs: shares soar

The miner has responded to deteriorating market conditions by slashing spending and cutting jobs, mostly at its North American operations.

Canadian mining stocks outperform metals prices

Frik Els | August 24, 2015
Canadian mining stocks outperform metals prices

Canadian junior and mid-tier mining companies also raised 62% more capital in the second quarter than in 2014.

Haywood's Mick Carew explains why now is an 'opportune time for consolidation' in the mining space

The Gold Report | August 24, 2015
Handshake agreement mining

Mick Carew, a research analyst with Haywood Securities, hopes we have found the bottom of the commodity cycle but expects M&A activity to continue apace through the rest of this year and into 2016.

South32 survives mining sector slump, to cut $350m in costs until 2018

Cecilia Jamasmie | August 24, 2015
South32 survives mining sector slump, to cut $350m in costs until 2018

The company said is not keen on Rio Tinto's thermal coal assets, currently up for sale.

First Nickel locks gates to Sudbury mine

Andrew Topf | August 23, 2015
shutterstock_51702904

Three dozen miners out of work, as low metals prices shutter operation earlier than expected.

Metals heading for worst week of 2015

Cecilia Jamasmie | August 21, 2015
Metals heading for worst week of 2015

Metals from copper to aluminum fell again Friday, and were heading for their worst week of the year, after data showed Chinese factory activity shrinking at the fastest pace since 2009.

Heap Leach: Mining's breakthrough technology

Vladimir Basov | August 20, 2015
im-mining-heap-leach-pads-namibia

New techniques for tailings treatment and sulfide ore recovery will see low-cost environmentally friendly heap leaching take another giant leap forward.

Glencore stock getting hammered as China slowdown, commodities rout hit profit

Cecilia Jamasmie | August 19, 2015
Glencore stock getting hammered as China slowdown hits profit

The world's leading commodity trader stock slumped to a record low Wednesday after it revealed it swung to a steep first-half loss of $676 million.

Vale ordered to halt production at giant Amazon nickel mine

Frik Els | August 14, 2015
Vale ordered to halt production at giant Amazon nickel mine

Judge also orders compensation for indigenous people in the region following protests at mine responsible for 9% of Brazilian giant's nickel output.

Glencore sells stakes in three assets, gets only $290 million

Cecilia Jamasmie | August 14, 2015
Glencore sells stakes in three assets, gets only $290m

Investors weren't happy with the news. The stock dropped to record lows Friday, becoming the top loser on FTSE 350 mining index.

Is Glencore about to dump $16 billion of stockpiles?

Frik Els | August 13, 2015
Glencore may have to dump $16 billion of stockpiles

JP Morgan Cazenove says Swiss commodity trading giant has to start off-loading inventory to slash its $48 billion debt pile and keep its credit rating.

Freeport cancels copper exports from Indonesia as permit expires

Cecilia Jamasmie | August 12, 2015
Freeport cancels copper exports from Indonesia as permit expires

The company, which runs the massive Grasberg mine in Papua, has stopped exporting since last month.

CRA targeting mining-sector tax havens

Business in Vancouver | August 5, 2015
Vale to pay Brazil $674 million in mining taxes

It’s an issue that the Canadians for Tax Fairness and the Liberal Party of Canada appear to be hoping to make a federal election issue.

Gwen Preston - Resource Maven

Work continues

Study: New projects need a $3.50 copper price

There are good companies doing promising work. Yes, the news flow is slower than in better markets, but that doesn’t mean it’s crickets out there.

The nickel price can only go up

Frik Els | July 26, 2015
The nickel price can only go up

This trailblazing company is ahead of the game in the fastest growing region in the world.

Vale adds to iron ore supply glut — second highest ever quarterly output

Cecilia Jamasmie | July 23, 2015
Vale adds to iron ore supply glut — second highest ever quarterly output

The world’s largest iron ore producer continued to flood the market despite a current oversupply that has sent prices for the commodity plummeting to historic lows.

Stefan Ioannou's ways to ride the next zinc and nickel waves

The Gold Report | July 16, 2015

Base metals prices are feeling the undertow but Stefan Ioannou, mining analyst with Haywood Securities, says that this is temporary—and that investors may not have to wait long for the next wave of higher zinc and nickel prices.

Planetary Resources' first spacecraft begins testing asteroid prospecting technology

Cecilia Jamasmie | July 16, 2015
Planetary Resources' first spacecraft begins testing asteroid prospecting technology

The Arkyd 3 Reflight (A3R) will spent its three-month orbiting mission sending back data to a group of scientists based at the firm’s headquarters in Redmond, WA.

Only permanent supply cuts can lift metal prices

Frik Els | July 14, 2015
Permanent supply cuts needed to lift metal prices

The availability of cheap money has seen boards postpone hard decisions about uneconomic capacity says Macquarie in new report.

Wellgreen Platinum's above ground advantage

Michael Allan McCrae | July 14, 2015
greg johnson ceo wellgreen platinum

"I think in general the investor who are interested in a development stage company tend to be the same group of investors. But if they are looking for that allocation in PGMs, they don't have many options to look at outside of South Africa or Russia. It means there are small group of companies who are our peers."

China panic crushes mining stocks

Frik Els | July 7, 2015
China panic crushes mining stocks

Billions wiped from mining sector as gold, silver prices fall and copper, iron ore prices plummet to 2009 levels amid Chinese stock market collapse.

Cecilia Jamasmie

Rocket explosion a fresh blow to asteroid mining ambitions

Cecilia Jamasmie | June 29, 2015
Rocket explosion a fresh blow to asteroid mining ambitions

Sunday's fiasco was the third major failure for America's commercial space industry in less than a year.

Dismal state of TSX-V in two crushing graphs

Frik Els | June 25, 2015
Dismal state of TSX-V in two crushing graphs

Bear market is more than 1,000 days old and nearly 1,200 companies have dropped off the Toronto venture market.

Royal Nickel shares jump after Dumont permit

Frik Els | June 25, 2015
Royal Nickel shares surge after Dumont permit

Final regulatory hurdle before construction can start at $2.8 billion nickel project in Quebec, Canada.

Western Areas buys Glencore's Cosmos Nickel Complex for A$24.5 million

Michael Allan McCrae | June 19, 2015
Western Areas cosmos Glencore

Growth strategy.

The bugs that boost leaching

CSIRO | June 19, 2015

Bacteria, those microscopic organisms, are among the unlikely heroes for researchers and mining companies working to establish economic methods to access difficult to extract or low value ores.

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