Nickel Mining News

Cobalt 27 spree sends cobalt price to fresh 9-year high

CEO Anthony Milewski: Cobalt 27’s stockpile of cobalt “is a way for investors to speculate on the price of cobalt, plain and simple.”

Small Canadian miners in pole position for electric vehicle battery boon

Canadian developers of cobalt and lithium mines stand to benefit from a round of investments from the makers of EVs and the batteries powering them.

Vale to mothball New Caledonia mine if no stake buyers found, CEO says

The future of New Caledonia mine is considered a key test for CEO Schvartsman, who pledged to improve shareholder returns.

Vale aims to halve debt to $10bn by 2019

The company also said is ready to shut Caledonia mine mid-next year if it has not found a strategic partner ready to buy a 20 to 40% stake in the project.

Biggest iron ore miner threatens to flood market if prices surge

Brazil's Vale is prepared to unleash as much as 50 million metric tons of spare capacity to balance the market if prices get too high.

Vale expects to sell up to $1.5 bln in non-core assets through 2020

The Brazilian miner revealed these expectations in a presentation to investors in New York on Wednesday.

Glencore, Canadian teachers launch mining royalty firm

BaseCore Metals will be independently operated and have its own board of directors.

Indonesia to grab Rio Tinto stake in Grasberg mine

After pumping billions into the Indonesian mine for almost 25 years, Rio might be able to see a decent return as the country’s government plans to acquire the miner’s 40% stake in the coveted operation.

Rio Tinto appoints one of its own as the company’s new chairman

After a nine-month search, the miner has picked the current leader of the remuneration committee, Simon Thompson, to assume the post in March 2018.

Four charts show why cobalt supply is tightening

Cobalt is rarely found in high concentrations and is mostly produced as a byproduct of copper and nickel.

‘Miner's revenge’ is coming with electric cars, Friedland says

Surging demand for metals like copper, and cobalt for use in EVs promises to overturn balance of power between mining companies and their customers.

Luxembourg, Japan team up to explore and mine space resources

The five-year cooperation agreement covers the exchange of information and expertise on the exploration and mining of out-of-earth resources.

Investors force Rio Tinto to ditch plans to have Mick Davis as chairman

Decision comes in the wake of a full-scale investor revolt led by the Investor Forum, a London-based body representing some of the world’s biggest money managers.

Clive Palmer’s $197m win revives nickel hopes

Clive Palmer says he will look to use the proceeds from his $US150 million ($197.4m) legal victory over Chinese corporate giant Citic to reopen his shuttered Townsville nickel refinery in north Queensland.

Lawsuit could be precedent-setting for Canadian mining companies operating abroad

Legal proceedings were held last week in Toronto related to a case against a Canadian mining company that formerly was operating through a subsidiary in Guatemala.

Why the commodity supercycle is favoring investors right now

Precious, base and energy metals are all benefiting from the commodity supercycle, says Louis James, editor of International Speculator

Nickel rally stalls, electric car boost some years away

Slowing demand from China's stainless steel mills and rising supplies have halted a frenzied price rally and are likely to keep weighing on prices.

Glencore sees nickel in best shape in decade before EVs take off

Miner has one of biggest deficit outlooks on back of steel use; firm doesn’t expect material EV impact on nickel until 2020.

Mike Beck: nickel, cobalt, and lithium to benefit from generational demand shift in commodities

Mike Beck discusses the electric vehicle market, battery metal company investments, and battery metal supplies in interview with Palisade Radio.

Indonesia's Antam eyes 162 pct jump in 2018 nickel ore sales

PT Aneka Tambang Tbk (Antam) is targeting 11 million tonnes in nickel ore sales next year, a jump from an estimated 4.2 million tonnes this year.

Commodities facing another tough year in 2018, JPMorgan says

Overall commodity returns have been lackluster this year, and face more poor performance in 2018, according to JPMorgan Chase & Co.

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.