Nickel Mining News

Vale iron ore output falls in second quarter but still beats estimates

It produced 86.82 million tonnes of iron ore in the April-to-June period, down 2.8% from a year earlier.

Metals and mining rally has staying power

Industrial metals are now all trading above their 100-day moving averages and most are no longer in backwardation.

Heavy snowfall in Chile forces Anglo to cut annual copper target

Shares plunged after miner revealed that output fell almost across the board in the April – June period.

Mick Davis to overhaul X2 Resources as fund fails to close any mining deal

Recovering commodity prices and investors' veto on deals have frustrated Davis and his team in their search for mining and metals bargains.

Botswana to keep unprofitable copper miner alive just to save jobs

The government will maintain 1.4 billion pula ($130 million) of annual spending on state-owned BCL for now.

Sibanye may close loss-making Cooke 4 mine, puts 2,500 jobs on the line

The company said financial losses at the mine threaten the viability of the rest of the Cooke operations, which include four mines and three processing plants.

Cautiously optimistic about nickel price

Nickel's jumped back above $9,000 and the outlook is for steady price increases through 2019 despite possible lifting of Indonesian export ban – report.

BHP hikes exploration spending, to focus mostly on copper, oil

It will raise its annual exploration spending by 29%, allocating nearly all its $900 million budget to finding new copper and oil deposits in the fiscal year beginning next month.

Copper stocks deep into red as gold miners surge

Gold's nearly $100 jump early on and copper's 4.5% meltdown split mining investors' Brexit fortunes.

INFOGRAPHIC: The evolution of battery technology

Battery technology already makes electric cars possible, as well as helping us to store emergency power, fly satellites, and use portable electronic devices.

The world's 50 most valuable mining companies

Combined these mining and metal giants are worth $700 billion with operations in every corner of the world.

These are the world's 40 biggest mining companies

A lithium miner joins top ranks of listed mining firms for the first time as the price of the battery ingredient skyrockets.

Luxembourg invests heavily in space mining

First time a country partners with privates to boost the development of the industry.

Top miners squandered $200 billion during boom

Capital spending by the world's largest miners since 2010 amounted to $632 billion – 32% of which has now been written off says new report.

US government expected to green-light first private Moon mission

An official endorsement of such mission would pave the way for several other for-profit space ventures currently in the works.

Tutankhamun had a dagger made of iron from meteorite

Scientists say the high manufacturing quality of the blade in comparison with other simple-shaped artefacts suggests a significant mastery of iron working in the Egyptian boy king's time.

Bayer and Planetary Resources to collaborate to improve agriculture with space data

Improving agriculture with crop-specific satellite images.

Sibanye’s platinum mine workers begin indefinite strike

The company will seek a court order to stop the strike, which is already affecting output.

Planetary Resources now has $21 million to help miners find resources… on Earth

Funds will be used to deploy and operate the firm's Earth observation program, known as Ceres.

Aussie mines too costly to shut

Mine sales stumble on looming clean-ups

Sprott monthly market update with Rick Rule: Cobalt bubble coming; Kaminak & The Yukon; streaming & royalties

In the current bull market, with more equity available, streaming and royalty companies continue to provide much needed revenue in the base metals and industrial materials sectors.

Miners going broke – worst still to come

New report says mining and metals companies set to default on debt at more than three times the historical rate going back to 1983.

CHARTS: The May mining and metals meltdown

Seven trading days in and already global mining investors are nursing double digit declines as everything from copper to met coal to silver take a beating.

BHP resumes expansion plans, says not waiting for prices to recover

Strategic shift comes as the world's biggest miner tries to regain investors' confidence.

Major correction underway for mining stocks

Monday mayhem as metals rally evaporates and mining's top names are dumped – Anglo's losses since a week ago now 28%, Freeport has plunged 25%.