Nickel Mining News

Big mining's age of austerity far from over

But asset sales will slow says new report.

Copper price: Warnings over US trade with China, Mexico

Moody's says base-metals will come under pressure in 2017 – and that includes the zinc price.

Lundin shares bounce on payout, guidance

Following $1.1 billion Congo mine sale Toronto-based copper-zinc miner announces inaugural dividend and strong operational forecast.

Norilsk Nickel launches legal action against BCL over non-payment for African asset sale

A legal claims against BCL in the Botswanan courts and in the London Court of International Arbitration to recover the USD 271.3 million

Horizonte to raise $11.2M to fund Brazil's next major nickel mine

Araguaia, which hosts a proven and probable mineral reserve of almost 25 million tonnes grading 1.77% nickel, is expected to begin production by 2019.

Trump infrastructure bump forecast for global economy

New report predicts US infrastructure spending promised by president-elect could propel global growth to highest since 2011 further boosting metals demand.

Mine closures will slow global nickel market growth to 2020 – report

Despite increased demand for nickel, low profitability owing to the combination of persistently low prices and higher costs may result in project closures over the next five years, according to research and consulting firm GlobalData.

CHART: Mining capex decline set to continue

Global miners have been cutting spending on new projects and expansions since 2012.

South32 looking for more coking coal mines

The company, however, has decided to stay away from thermal coal assets due mainly to uncertainties over demand linked to climate concerns.

4 workers killed in Cuba bridge collapse

Tragedy struck Canadian company Sherritt (TSX:S) on Tuesday, with news that a bridge collapsed, killing four workers.

Canada’s Quebec launches online tool to help suppliers win up to $50bn in contracts

Platform aims to help local suppliers bid for contacts related to the Plan Nord, a provincial initiative to invest about $1.3 billion in infrastructure and other projects over the next five years.

CHART: Trump $500 billion will do very little for global mining

Even if the US president-elect's massive infrastructure build-out plan makes it through Congress intact.

Finland cancels plan to close troubled nickel mine

Finland's government decided Friday to grant new public funding for its troubled Talvivaara mine, cancelling a previous plan to permanently close what was once the European Union's biggest nickel mine.

First copper-nickel mine in Minnesota inches forward

The company behind Minnesota's first copper-nickel mine is putting its shoulder to the wheel of a project that has been over a decade in the making.

South32 scoops up Peabody's Metropolitan coal mine in $200m deal

The deal includes a 17% interest in the Port Kembla Coal Terminal, south of Sydney.

Luxembourg shoots for the stars, invests $28 million in Planetary Resources

The funding, which includes direct investment and grants, aims to help the asteroid mining company launch its first commercial prospecting mission by 2020.

Glencore did better as commodity trader than miner in Q3

While output was down for most commodities it mines and sales, it has improved earnings forecast for its trading unit.

Vale may reconsider selling $10 billion in core assets — report

If prices for the commodities it mines continue to pick up, the firm must cancel plans to sell some of its best assets.

BHP Billiton jumps on the electric car bandwagon

The world’s largest miner sees electric vehicles boosting copper demand.

Innovation driving growth in Ontario mining industry

Ontario is creating good jobs and helping grow the mining industry in the North by supporting research and development that will increase the sector's innovation and competitiveness in the global market.

Equity markets all but closed for mining IPOs

Miners have to look at debt, private investors and alternative financing like pre-pays for growth capital according to new report.

Mick Davies' X2 Resources fails to deliver, frees investors from commitments

Launched three years ago with a $5.6bn war chest, the fund once hailed as leader of a new wave of mining investment changes course.

Botswana Diamonds finds octahedron in sample material at Orapa

The company, which began exploring the area in March this year, said that specialists from its joint venture partner Alrosa are reanalyzing 80 tonnes of samples that were sent to South Africa.

Mining robots key to colonizing Mars — Elon Musk

He envisions people living in big glass-carbon fiber domes on the surface, with additional areas mined out below the surface by robots for "industrial" uses.

2017 not so good for nickel: BMI

BMI predicts that in 2017 nickel prices will start to moderately decline, as the global market moves into 27.2 thousand tonnes surplus.