Nickel Mining News

Co-owners of Russia's Nornickel back in fight for control

Nornickel, a $33 billion mining company, competes with Brazil's Vale SA for the rank of the world's top nickel producer.

Australian Mines signs off-take deal with Korea's SK Innovation

Australian Mines said the agreement included an option for SK Innovation to buy up to 19.9% of its ordinary shares.

Mining M&A jumps to 4-year high – expect more in 2018

New report says "deals in lithium, copper and cobalt are expected to feature high on the agenda of management teams across the industry."

Moody's bullish on base metals, US steel

Base metals should continue to do well in 2018 along with the US steel industry, though American coal will continue to lose ground to natural gas. 

Deripaska takes on Potanin as mining tycoons battle in court

Three billionaires faced off in London court on Friday in a conflict triggered by Roman Abramovich’s desire to sell his stake in MMC Norilsk Nickel PJSC.

Japan's Mitsui wants more of Chile's Collahuasi copper mine, but none of Los Pelambres

Mitsui’s investments in Chile’s copper industry date back to the 1990s and it now has minority interests in a number of the country’s leading mines.

Vale’s iron ore output hit record high in 2017

Output of the steelmaking material reached 366.5 million tonnes last year, boosted by record high productionat Vale's northern system, which composed of its Carajás, Serra Leste and the massive S11D mine.

Copper, iron ore price jump sparks rally in mining stocks

Top listed copper producer Freeport jumped 7.4% and with Vale – up 6% – was among the NYSE's top 10 most actively traded stocks.

BHP takes $1.8 billion hit from US tax reform

Charge is due to due to cuts in the US Federal corporate income tax rate, the world’s biggest mining company said.

Another death at one of Sibanye-Stillwater gold mines

A worker died on Monday night while clearing a blocked ore pass at the company’s Driefontein gold operation in South Africa.

MGX eyeing lithium brine assets in Chile

Without changing the way it operates, the Canadian miner now wants to set foot in the world’s second lithium producing country.

Russia's Nornickel to grow platinum group metals mining in new JV

The world's leading palladium producer is planning a joint venture with Russian Platinum.

Second accident in a week at a Sibanye-Stillwater mine kills two

Two employees were trapped underground and later died in a fall of ground incident at the company's Kloof gold mine.

Private capital favours investing in copper over gold for first time

New report shows private equity investment in mining jumped to $2.3 billion last year, with the bulk going into copper and battery metals.

Bluejay Mining seeks pigment riches as Greenland's ice retreats

The company aims to achieve output of the world's highest grade deposit of ilmenite in Greenland next year, its CEO said.

Nickel crops most in two months as dollar rally fuels fund sales

Nickel prices slumped as much as 5.8 per cent to $13,185 a ton on the London Metal Exchange, retreating from two-year highs struck earlier in the week.

Brazil's Vale expects to meet $10bn net debt goal by mid-2018

Speaking at an event in São Paulo, Schvartsman also said the recent rise in nickel prices should generate an additional $750 million in cash flow.

Russia's Nornickel says palladium output may fall in 2018

Norilsk Nickel said its production of palladium could decline in 2018, while output of nickel from Russian raw material would remain flat.

Bidders for $500m Canada streaming deal as cobalt price surges–report

Reuters reports Vale has hired bankers to put together world's first ever cobalt streaming deal worth up to $500 million at its Voisey's Bay mine in Canada.

China demand and tight supplies set to sustain nickel price rally

LME nickel breaks through $14,000 per tonne.

First Quantum's nickel output down 24 pct in 2017

Nickel output by First Quantum Minerals fell 24 pct to 17,837 tonnes last year from 23,624 tonnes in 2016, the company said in a report.

Canada’s Gahcho Kue diamond mine boosts Anglo American output, but copper flat

The company beat expectations on Thursday with a 5% increase in 2017 production.

Freeport profit pops higher; miner makes progress in Indonesia

The world's second-largest copper miner by production also said talks with Indonesia re Grasberg were advancing.

The periodic table of commodity returns

If for some reason, you still think that the commodity markets are predictable, today’s chart provides a nice piece of humble pie.

Canadian companies want to extract nickel, vanadium, cobalt from petcoke

They're running a study led by Paul Watkinson, who has investigated the conversion of carbonaceous solids into gaseous and liquid fuels.