Budgets jumped about 19%, outpacing last year’s gain.
Nickel Mining News
Tamarack North nickel-copper-cobalt project in Minnesota is expected to produce 23.3 million lb. nickel and 11.1 million lb. copper per year over a 7 year mine life.
The agreement provides a considerable combined offering to the mineral exploration and mining market.
The numbers are up thanks to the success of the company’s Moa JV with the Cuban Government.
Sumitomo Metal cut its full-year forecast, blaming lower-than-expected metal prices amid the U.S.-Sino trade spat, and reduced nickel output.
EY’s Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — dropped 12 percent in the third quarter of the year when compared to the previous three-month period.
The state-owned metals and mineral trading firm also signed a 2,400 tonne nickel briquette purchase agreement with Japan's Sumitomo Corp.
Michael Rowley, president and CEO of Group Ten Metals Inc. interview with Maurice Jackson.
The company specifically targeted cobalt for the first time at this historic silver producing mine.
What will define Chinese demand for iron ore is continued urbanization, infrastructure investments, auto production.
As electric vehicles slowly become a bigger part of the global fleet, questions about mileage and fuel efficiency are going to become more apposite.
Due to lower production amid bad weather and a slow ramp-up after a regular maintenance, Sumitomo now expects a loss of 13.6 billion yen.
Nornickels consolidated copper output has risen by 20% to 290,878 tonnes in the first nine months of 2018.
Horizonte plans to raise $443 million to begin construction on the mine in the middle of 2019, production slated for late 2021.
"Our goal is to complete the plant by the end of 2020, with commercial production commencing at the start of 2021," Joni Lukkaroinen, CEO of Terrafame
RNC Minerals reported 58,460 ounces of gold production for the first nine months of 2018.
The mine applied incorrect discounts to its royalty payments over several multi-year periods.
While prices remain stagnant and demand uncertain, the company is churning out more stones than at any other time in the past decade.
Previ intends to reduce its stake in the miner over the medium-term.
The move is part of BASF plans to invest up to 400 million euros ($462 million) as a first step in building production plants for cathode materials in Europe.
Objective is to expand upon the Father's Day Vein high grade gold discovery at the A Zone area of the Beta Hunt mine, near Kambalda, Western Australia.
He is said to have already begun training three to four people to succeed him in the job.
Brazil's Vale expects the EV revolution to boost battery market nickel demand to as much as 700,000 tons in 2025, from just 36,000 tons this year.
NMC cathodes currently account for nearly 28% of global EV sales, forecast to grow to 63% by 2027.
465,000 tonnes of nickel play 'hide and seek'