Nickel Mining News

Miners' spending on hunt for copper, EV metals hits $10 billion

Budgets jumped about 19%, outpacing last year’s gain.

Talon Metals tables PEA at Tamarack North

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.

RSC Mining and Mineral Exploration partners with Terra Modelling

The agreement provides a considerable combined offering to the mineral exploration and mining market.

Sherritt International sees jump in nickel production and profit

The numbers are up thanks to the success of the company’s Moa JV with the Cuban Government.

Japan's Sumitomo Metal cuts FY profit forecast on lower metal prices

Sumitomo Metal cut its full-year forecast, blaming lower-than-expected metal prices amid the U.S.-Sino trade spat, and reduced nickel output.

Canadian miners’ performance in Q3 hit by lower metal prices

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.

China Minmetals signs 20m tonnes iron ore purchase agreement with Brazil's Vale

The state-owned metals and mineral trading firm also signed a 2,400 tonne nickel briquette purchase agreement with Japan's Sumitomo Corp.

Group ten metals – On the search for platinum group metals in Montana

Michael Rowley, president and CEO of Group Ten Metals Inc. interview with Maurice Jackson.

Canada Cobalt shares jump nearly 12% after hitting high grades at Castle mine

The company specifically targeted cobalt for the first time at this historic silver producing mine.

China demand for Vale ore to keep price above $90/tonne in 2019 -CFO

What will define Chinese demand for iron ore is continued urbanization, infrastructure investments, auto production.

You'll need 286 pounds of coal to fuel that electric road trip

As electric vehicles slowly become a bigger part of the global fleet, questions about mileage and fuel efficiency are going to become more apposite.

Sumitomo lowers nickel output forecast at Ambatovy mine in Madagascar

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.

Russia's Nornickel boosts Q3 output at its copper project

Nornickels consolidated copper output has risen by 20% to 290,878 tonnes in the first nine months of 2018.

Horizonte Minerals shares tank on lower nickel project profitability

Horizonte plans to raise $443 million to begin construction on the mine in the middle of 2019, production slated for late 2021.

Trafigura-backed Finnish miner Terrafame to build EV battery plant

"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

Toronto miner’s gold production spikes 199%

RNC Minerals reported 58,460 ounces of gold production for the first nine months of 2018.

Cerro Matoso owes Colombia more than $56M in royalties

The mine applied incorrect discounts to its royalty payments over several multi-year periods.

Anglo will dig more platinum and diamonds than expected

While prices remain stagnant and demand uncertain, the company is churning out more stones than at any other time in the past decade.

Brazilian pension fund Previ won't sell Vale shares before year end- CEO

Previ intends to reduce its stake in the miner over the medium-term.

BASF and Nornickel join forces in European EV battery push

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.

RNC kicks off gold exploration drilling program at Australian project

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.

Glencore boss Ivan Glasenberg to retire in 3-5 years — report

He is said to have already begun training three to four people to succeed him in the job.

Boom in EV batteries helps suppliers older than Ford’s Model T

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 batteries dominating EV – sales to reach 63% of global market

NMC cathodes currently account for nearly 28% of global EV sales, forecast to grow to 63% by 2027.

Flow of LME nickel to hidden storage dents bull story

465,000 tonnes of nickel play 'hide and seek'