The deal is to supply 15 million tonnes of nickel ore over a period of five to eight years, beginning March 2020.
Nickel Mining News
Nickel is one of Cuba’s most important exports, but revenue from it has suffered in recent years due to a decline in production and prices.
Larco, which is 55% owned by the Greek state, owes about 280 million euros in unpaid electricity bills to state-controlled power utility Public Power Corp.
Vale has focused on sales of better quality iron ore, mostly from its S11D project in Pará state, as demand for the cleaner and less polluting product rises in China, its main market.
TechMet has been operational for over a year and has assets, deployed in mining, processing and recycling projects around the world, including Canada, Brazil, Rwanda and Burundi.
The diversified miner anticipates 2018 production to be 2% ahead of previous guidance and costs to be 5% below.
2018 was a relatively quiet year for the junior mining sector, we hope to see more of an upswing in 2019 - Dean Braunsteiner, national mining leader, PwC Canada
Vale needs to sort out once and for all its problem child, Goro, and keep its fingers crossed that Tsingshan's announcement is, for now at least, "just talk".
A joint approach could allow for resources to be unlocked that would likely not otherwise be productive - Ricus Grimbeek, COO, Vale’s North Atlantic Operations and Asian Refineries
New Caledonia could be a very important part of our strategy to supply nickel, especially given the EV revolution.
Glasenberg, a workaholic, straight-talking South African who has become the public face of the commodity trading industry, has led Glencore for nearly two decades.
Using more nickel cuts costs by reducing the amount of expensive cobalt, a mainstay of current battery technology.
Relief that an escalation in the trade war between the US and China has been avoided – at least for now – sparked a huge rally in mining stocks on Monday.
"When I go I hope it’ll be a 45-year-old who’ll take over," Glasenberg said
Spot prices would be pushed down despite rapid demand growth from batteries for electric vehicles (EV) makers, the experts say.
Looking at its resources, Indonesia will become the main player in lithium batteries.
The Vancouver junior mobilized a second drill rig and commenced drilling at two targets of its Bujagali mine.
Operations at Driefontein, Kloof and Beatrix mines were halted late on Wednesday.
Expectations of a supply avalanche hitting the nickel market next year due to new capacity in Indonesia have sent prices to seven-month lows, but analysts doubt the plans spearheaded by Chinese firms can be carried out so quickly.
Nornickel’s current capex plan includes $6.5-7.5 billion for its base investment programme and $2.5 billion for its environmental programme.
The global energy-storage market will surge to a cumulative 942 gigawatts by 2040.
The bill proposes a gradual reduction in taxes on businesses to 30% by 2022 as well as a new sales tax refund of 19% for capital goods such as machinery.
The company's Onça Puma nickel mines blamed for contaminating the Catete river, which prosecutors said had a "severe" impact on the Xikrin and Kayapo tribes.
German automaker is also considering involvement in battery production.
The nine mines, six of which are nickel operations, have been shut since 2017 as part of an environmental crackdown on the sector.