The world’s No.1 iron ore miner produced 349 million tonnes of the steelmaking ingredient in 2016, helped partly by the opening of its massive S11D mine.
Nickel Mining News
Majors and juniors swap roles in $7 billion a year mining exploration sector
The firm has not been able to ship copper from the mine in over a month due to a ban on concentrate exports that kicked in on January 12.
EY’s Canadian Mining Eye index declined 13% in the last quarter last year as weak gold and nickel prices offset copper and zinc gains.
A large but troubled nickel mine in Finland may be back on the road to profitability thanks to a recent deal that saw commodities trader Trafigura take a 15.5 percent stake.
The miner says the decision is clearly “abusive” and it evidences “an excess of jurisdiction,” reason why it will appeal the resolution.
Should the government go ahead with all the recommended shutdowns and suspensions, global supply of nickel will drop by about 8%.
The junior miner has begun proceedings against the Quebec Ministry of Forests, Wildlife and Parks (MFFP) in the superior court over a denied permit.
The price of nickel rose sharply last week as traders placed bets on supply pressures reverberating from a decision by the Philippines to close almost two dozen mines.
Miner says that each month of delay in obtaining approval to export means production would be reduced by 70 million pounds of copper and 70,000 ounces of gold.
Seaborne coal, tin prices are the big exceptions.
Private equity firm Orion selling $1 billion worth of royalty, streaming and offtake assets covering gold, silver, base metals and diamonds.
The private space exploration firm has enough money to hit the moon by the end of 2017.
New report forecasts 20% improvement in nickel price by end-2017 – copper, lead, zinc, gold, silver to retreat.
Frank discusses the gold and bond markets and how they have been driven by global uncertainty.
Government is considering to extend the miner a temporary permit, valid for up to six months, which would pave the way for Freeport to resume exports from Grasberg.
Mines minister Mosebenzi Zwane noted that 19 of the 73 miners who died in South Africa last year lost their lives at operations run by those companies.
Gold price to drop 8% in 2017 according to bank's January Commodities Outlook, but industrial metals face much better prospects.
"The run-up in base metal prices, particularly after the US Presidential election, may be getting ahead of fundamentals."
New report says the underlying question for investors lies on the risk/reward balance — whether outstanding geology beats corruption and security issues.
Far-reaching new mining rules ease a controversial ban on exports of nickel ore and bauxite.
Private capital funds raised $2.1 billion for mining and metals investment in 2016 – this year 13 funds are targeting $10 billion says new study.
World Bank's 2017 outlook says US impact on commodity markets diminished, but it's still number 1 for oil and number 2 in copper, aluminum and lead.
It was an up and down year for commodities, but things ultimately finished in the black.
With only a couple of exceptions, metal and mineral prices rallied in 2016 – see at a glance how far the industry has come.