A unit of the company, Black Mountain Metals LLP, will buy the Lanfranchi nickel project in the state of Western Australia for $15.1 million from Panoramic Resources.
Nickel Mining News
Nickel, which recently hit its lowest since December, could climb as high as $16,000 a tonne by the end of 2018 and $18,000 a year later.
The original sale of the stake was disputed in a London court by aluminium producer Rusal, which owns a stake in Nornickel.
More than 9,000 ounces, or $10 million worth of gold, were recovered in a four-day period.
MINING.com interviewed the Minerals Council of Australia CEO.
Drilling at new projects up 57% as spending on gold exploration reaches 21-year high.
Unlike US space agency NASA, Luxembourg Space Agency (LSA) will not carry out research or launches. Its purpose is to boost exploration, mining and commercial utilization of resources extracted from near earth objects.
Yancoal Australia was on top.
Chinese manufacturing gauge drops to 14-month low.
Victoria's government wants to spend $220 million on exploration and drill one million metres by 2023.
Announcement is nothing but good news to battery metals miners, which have seen demand for their mined commodities soar in the past year.
Manganese X Energy now wants a taste of the cobalt market.
Advancing a nickel-copper-PGE sulphide deposits and gold in Western Australia.
Analysts thought profits would reach $9.27 billion.
As U.S.-China trade tensions escalated mid-June, fast-money traders flipped to a short position in metals overall.
China's largest lithium battery maker will produce nickel-rich batteries, which are cheaper to make and have longer life-spans than cobalt-based ones.
Investors found no solace in traditional safe haven gold with the precious metal setting a one-and-a-half year low.
The world used almost 2.2 million tonnes of nickel last year. Around two thirds of that metal was absorbed by the stainless steel industry.
Canada is one of the world’s largest exporters of minerals and metals, supplying approximately 60 different mineral commodities to over 100 countries.
Expectations of a boom in demand for electric vehicles are leading investors and battery makers to stockpile nickel and helping to fuel a spike in global prices of the metal.
Two new studies reveal where ancient Egyptians got the red metal from.
Protectionism could limit future growth.
Westminster Resources to buy a land package in the Ronge district of Saskatchewan.
The London Metal Exchange (LME) launched on Wednesday a consultation to trial in the first quarter of next year the use of its electronic system to determine closing prices of the three-month nickel contract instead of open outcry.
Canada's Lundin Mining Corp said Chief Executive Officer Paul Conibear is retiring and also reported a 3 percent rise in second-quarter profit on Wednesday.