Following $1.1 billion Congo mine sale Toronto-based copper-zinc miner announces inaugural dividend and strong operational forecast.
Nickel Mining News
A legal claims against BCL in the Botswanan courts and in the London Court of International Arbitration to recover the USD 271.3 million
Araguaia, which hosts a proven and probable mineral reserve of almost 25 million tonnes grading 1.77% nickel, is expected to begin production by 2019.
New report predicts US infrastructure spending promised by president-elect could propel global growth to highest since 2011 further boosting metals demand.
Despite increased demand for nickel, low profitability owing to the combination of persistently low prices and higher costs may result in project closures over the next five years, according to research and consulting firm GlobalData.
Global miners have been cutting spending on new projects and expansions since 2012.
The company, however, has decided to stay away from thermal coal assets due mainly to uncertainties over demand linked to climate concerns.
Tragedy struck Canadian company Sherritt (TSX:S) on Tuesday, with news that a bridge collapsed, killing four workers.
Platform aims to help local suppliers bid for contacts related to the Plan Nord, a provincial initiative to invest about $1.3 billion in infrastructure and other projects over the next five years.
Even if the US president-elect's massive infrastructure build-out plan makes it through Congress intact.
Finland's government decided Friday to grant new public funding for its troubled Talvivaara mine, cancelling a previous plan to permanently close what was once the European Union's biggest nickel mine.
The company behind Minnesota's first copper-nickel mine is putting its shoulder to the wheel of a project that has been over a decade in the making.
The deal includes a 17% interest in the Port Kembla Coal Terminal, south of Sydney.
The funding, which includes direct investment and grants, aims to help the asteroid mining company launch its first commercial prospecting mission by 2020.
While output was down for most commodities it mines and sales, it has improved earnings forecast for its trading unit.
If prices for the commodities it mines continue to pick up, the firm must cancel plans to sell some of its best assets.
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.