If prices for the commodities it mines continue to pick up, the firm must cancel plans to sell some of its best assets.
Nickel Mining News
The world’s largest miner sees electric vehicles boosting copper demand.
Ontario is creating good jobs and helping grow the mining industry in the North by supporting research and development that will increase the sector's innovation and competitiveness in the global market.
Miners have to look at debt, private investors and alternative financing like pre-pays for growth capital according to new report.
Launched three years ago with a $5.6bn war chest, the fund once hailed as leader of a new wave of mining investment changes course.
The company, which began exploring the area in March this year, said that specialists from its joint venture partner Alrosa are reanalyzing 80 tonnes of samples that were sent to South Africa.
He envisions people living in big glass-carbon fiber domes on the surface, with additional areas mined out below the surface by robots for "industrial" uses.
BMI predicts that in 2017 nickel prices will start to moderately decline, as the global market moves into 27.2 thousand tonnes surplus.
He said he had intended to announce his retirement last year but chose to stay on while BHP dealt with the aftermath of the Samarco mine disaster in Brazil.
BHP is not the first major player to flag green shoots in the mining industry. Caterpillar, the world's largest heavy machinery maker, said the same last month.
Botswana withdrew its decision to buy a 50 percent stake in South Africa’s Nkomati mine from GMK Norilsk Nickel PJSC because it can’t afford the price tag of just under 3 billion pula ($279 million).
The move is part of the government's increasing efforts to clamp down on damage caused by the mining industry in the nation, the world's top nickel ore supplier.
The company remains confident the sale of its Rustenburg mines in South Africa to Sibanye Gold will clear its last regulatory hurdle before the end of the year.
Partial lifting of Indonesia ore ban could make up any potential Philippines export losses.
" Despite the uncertainty around global metal prices, Quebec Premier Philippe Couillard has thrown his support behind a project that has the potential to be transformational for the north of his province."
While many still see space mining as science fiction, global recruitment expert Fircroft has compiled data that proves it feasible.
While met coal is clearly the star performer, thermal coal is probably the biggest upset – seaborne prices have jumped 65% in 2016 to above $80 a tonne.
Resistance breach shows significant upside potential for base metals.
Despite bumps in the road, most commodities are still having big years on a YTD basis.
The commodity research teams at Macquarie and Barclays, however, are not as optimistic when it comes to potash, aluminum and steel.
A credit upgrade, a rocketing share price and rally in coal and iron ore call into question downsizing strategy of world's number five miner.
The announcement sent global nickel prices up more than 1% on Tuesday.
Vale’s takeover of Inco, 10 years on.
Duterte's government has also ordered a stop to small-scale mining operations working outside the country's mining co-operatives system, a decision that touches gold miners.
Peru’s significant copper project pipeline and Brazil’s competitive iron ore sector will consolidate them as main drivers of investment in Latin America’s mining sector, says BMI Research.