The acquisition, valued at $96 million, will increase Cobalt 27’s exposure to nickel through the Ramu nickel-cobalt mine in Papua New Guinea.
Nickel Mining News
The founder of the US private security company aims to raise as much as $500 million to invest in deposits of metals such as cobalt, lithium and copper.
The price of palladium has more then doubled in the past three years.
Study shows mining has sparked "unparalleled inorganic compound diversification" like rabbittite at Lucky Strike, Utah and a handful found on smelter walls
The termination of the agreement will also enable Nornickel to pursue its own strategy for the African assets.
Global demand for nickel is seen increasing by 3.4 percent in 2019 from this year to 2.339 million tonnes.
This deal is Gem Co Ltd's latest effort to win a bigger share of the booming power cell market.
Don’t listen to what miners say. Look at what they do.
Magenta hosts numerous high-grade cobalt/gold/silver/nickel vein and skarn style deposits.
Sunrise is one of the highest grade and largest nickel and cobalt deposits outside of Africa and one of the largest and highest grade scandium deposits in the world.
The deal is to supply 15 million tonnes of nickel ore over a period of five to eight years, beginning March 2020.
Nickel is one of Cuba’s most important exports, but revenue from it has suffered in recent years due to a decline in production and prices.
Larco, which is 55% owned by the Greek state, owes about 280 million euros in unpaid electricity bills to state-controlled power utility Public Power Corp.
Vale has focused on sales of better quality iron ore, mostly from its S11D project in Pará state, as demand for the cleaner and less polluting product rises in China, its main market.
TechMet has been operational for over a year and has assets, deployed in mining, processing and recycling projects around the world, including Canada, Brazil, Rwanda and Burundi.
The diversified miner anticipates 2018 production to be 2% ahead of previous guidance and costs to be 5% below.
2018 was a relatively quiet year for the junior mining sector, we hope to see more of an upswing in 2019 - Dean Braunsteiner, national mining leader, PwC Canada
Vale needs to sort out once and for all its problem child, Goro, and keep its fingers crossed that Tsingshan's announcement is, for now at least, "just talk".
A joint approach could allow for resources to be unlocked that would likely not otherwise be productive - Ricus Grimbeek, COO, Vale’s North Atlantic Operations and Asian Refineries
New Caledonia could be a very important part of our strategy to supply nickel, especially given the EV revolution.
Glasenberg, a workaholic, straight-talking South African who has become the public face of the commodity trading industry, has led Glencore for nearly two decades.
Using more nickel cuts costs by reducing the amount of expensive cobalt, a mainstay of current battery technology.
Relief that an escalation in the trade war between the US and China has been avoided – at least for now – sparked a huge rally in mining stocks on Monday.
"When I go I hope it’ll be a 45-year-old who’ll take over," Glasenberg said
Spot prices would be pushed down despite rapid demand growth from batteries for electric vehicles (EV) makers, the experts say.