Three billionaires faced off in London court on Friday in a conflict triggered by Roman Abramovich’s desire to sell his stake in MMC Norilsk Nickel PJSC.
Nickel Mining News
Mitsui’s investments in Chile’s copper industry date back to the 1990s and it now has minority interests in a number of the country’s leading mines.
Output of the steelmaking material reached 366.5 million tonnes last year, boosted by record high productionat Vale's northern system, which composed of its Carajás, Serra Leste and the massive S11D mine.
Top listed copper producer Freeport jumped 7.4% and with Vale – up 6% – was among the NYSE's top 10 most actively traded stocks.
Charge is due to due to cuts in the US Federal corporate income tax rate, the world’s biggest mining company said.
A worker died on Monday night while clearing a blocked ore pass at the company’s Driefontein gold operation in South Africa.
Without changing the way it operates, the Canadian miner now wants to set foot in the world’s second lithium producing country.
The world's leading palladium producer is planning a joint venture with Russian Platinum.
Two employees were trapped underground and later died in a fall of ground incident at the company's Kloof gold mine.
New report shows private equity investment in mining jumped to $2.3 billion last year, with the bulk going into copper and battery metals.
The company aims to achieve output of the world's highest grade deposit of ilmenite in Greenland next year, its CEO said.
Nickel prices slumped as much as 5.8 per cent to $13,185 a ton on the London Metal Exchange, retreating from two-year highs struck earlier in the week.
Speaking at an event in São Paulo, Schvartsman also said the recent rise in nickel prices should generate an additional $750 million in cash flow.
Norilsk Nickel said its production of palladium could decline in 2018, while output of nickel from Russian raw material would remain flat.
Reuters reports Vale has hired bankers to put together world's first ever cobalt streaming deal worth up to $500 million at its Voisey's Bay mine in Canada.
LME nickel breaks through $14,000 per tonne.
Nickel output by First Quantum Minerals fell 24 pct to 17,837 tonnes last year from 23,624 tonnes in 2016, the company said in a report.
The company beat expectations on Thursday with a 5% increase in 2017 production.
The world's second-largest copper miner by production also said talks with Indonesia re Grasberg were advancing.
If for some reason, you still think that the commodity markets are predictable, today’s chart provides a nice piece of humble pie.
They're running a study led by Paul Watkinson, who has investigated the conversion of carbonaceous solids into gaseous and liquid fuels.
Copper surged as much as 2.1 percent, the most since Nov. 13, to $7,262 a metric ton on the London Metal Exchange.
RNC Minerals in talks with commodity traders, mine operators and financiers to secure $1bn to build world's biggest nickel and cobalt project next year.
Data obtained from the Arkyd-6 will be use in the development of the Arkyd-301, Planetary Resources next spacecraft platform and the beginning of its space resource exploration program.
Indonesia state-owned holding Asahan Aluminum, or Inalum, would grab a 41.64% stake in the local unit of Freeport, which increases its current ownership in it to 51%.