Nickel Mining News

Russia miner Nornickel sees capex rising by 2019-2020

The company plans to increase capital expenditure to an average of $2.3 billion to $2.5 billion a year in 2019 and 2020 from about $2 billion in 2018.

Brazil's Vale denies postponing sale of New Caledonia mine stake

Brazil's Vale SA denied that it had decided to postpone the sale of a stake in the New Caledonia nickel mine, saying it is continuing to look for a partner.

Norilsk Nickel to cut costs by $200-$300m a year by 2020

COO Sergey Dyachenko told Reuters ahead of a strategy update to investors that the cost cuts were part of a comprehensive cost reduction programme.

Vale says still looking to sell stake in New Caledonia nickel mine

The miner denied it had decided to suspend the sale of a stake in its loss-making New Caledonia nickel mine (VNC), and added that its plan to find a partner is still a go.

Philippines' Duterte holds open pit mining ban despite pressure

President Rodrigo Duterte's decision not only ignores demands from pro-mining groups but also from members of his own government, including the current environment minister Roy Cimatu.

Number of active mining projects by province ranked

Ontario is number one.

Vale delays sale of stake in New Caledonia nickel mine

The sale may be delayed for up to a year, a setback to efforts by the world’s largest iron ore producer to offload non-core assets.

BHP to exit shale within two years, sell nickel assets

“We have a strong sense of urgency,” chief executive Andrew Mackenzie told reporters following the company’s annual general meeting in Melbourne.

Glencore, Canadian teachers close to launch mining royalty firm

The Swiss commodity giant is reportedly finalizing a $700-million deal with the Ontario Teachers’ Pension Plan to create a new base-metals royalty vehicle.

Sudbury Coleman Mine in shutdown for 30 days

Under the terms of the collective agreement, employees do not get paid when work is not available.

Planetary Resources readies asteroid mining technology for Dec. launch

The Arkyd-6 spacecraft includes core technology that will be used in the company’s asteroid exploration program.

Former Xstrata CEO Mick Davis may become Rio Tinto new chairman

The mining veteran could face competition from internal candidates, including former head of UK gas company Centrica, Sam Laidlaw, who now sits on Rio’s board.

Finnish nickel producer, Trafigura tap electric vehicle boom

Trafigura Group provides $200m in funding to Finland's Terrafame nickel mine, which plans to start producing material for electric vehicle batteries by 2020.

China's Antaike says global nickel deficit to shrink in 2018

Global deficit in nickel supply to drop 53,000 tonnes in 2018 from 98,000 tonnes this year, partly due to recovery in Chinese production growth.

London Metal Exchange Week galvanised by electric dreams: Andy Home

This year, copper was shoved out of the London limelight by new hot metals such as lithium, cobalt and nickel.

BHP aims for more copper, oil; steers away from EV minerals

BHP CCO Balhuizen says while 2017 marks "tipping point" for EVs entering mainstream of metals demand forecasting, in terms of sales mass move is further off.

Uranium superstar goes all-in on impending nickel crunch

Mike Beck gives a provides a detailed analysis on lithium, uranium, and nickel.

BHP to step up copper exploration, expansions to meet electric vehicles sector’s rising demand

World's biggest miner is getting ready to provide enough copper for the 140 million electric cars forecast by 2035.

Nickel: The secret driver of the battery revolution

Commodity markets are being turned upside down by the EV revolution.

Electric cars set world's nickel miners on new course

Battery boom promises new and growing market for high-grade nickel products, but half the world's supply of the metal is unsuitable for battery production.

Russia's Nornickel sticks to 2017 output forecast after strong quarter

Russia's Norilsk Nickel, the world's second-largest nickel and top palladium producer, reaffirmed its previous 2017 output forecast on Monday after a strong third quarter.

Electric cars yet to turn cobalt market into gold mine – Nornickel

Prices for cobalt metal, used in production of electric vehicle batteries, have tripled to nine-year peaks above $30 a pound from below $10 a pound in late 2015.

Juniors oppose Barrick’s plans to turn an old mine into a ski resort

"Barrick must be stopped!", a junior miner wrote.

Brazil congressional committees vote on reforms helping small miners

While an estimated 61 larger miners will pay more, about 30,000 smaller miners seen as larger job creators will pay less.

Philippines open pit mining ban could be lifted before year end

Mines minister says will follow new recommendations of environment regulator reviving projects like giant Tampakan, Silangan copper-gold mines.