Nickel Mining News

Construction on $4B Indonesia EV battery project begins Jan 2019 – Minister

Looking at its resources, Indonesia will become the main player in lithium batteries.

M2 Cobalt advances exploration at Uganda mine

The Vancouver junior mobilized a second drill rig and commenced drilling at two targets of its Bujagali mine.

Sibanye shuts gold mines in South Africa as strike turns violent

Operations at Driefontein, Kloof and Beatrix mines were halted late on Wednesday.

Doubts cast on plans for deluge of new nickel supply

Expectations of a supply avalanche hitting the nickel market next year due to new capacity in Indonesia have sent prices to seven-month lows, but analysts doubt the plans spearheaded by Chinese firms can be carried out so quickly.

Nornickel aims to boost output to tap electric car boom

Nornickel’s current capex plan includes $6.5-7.5 billion for its base investment programme and $2.5 billion for its environmental programme.

The battery boom to attract $620 billion in investment by 2040

The global energy-storage market will surge to a cumulative 942 gigawatts by 2040.

Colombian mining group says tax bill will attract foreign investment

The bill proposes a gradual reduction in taxes on businesses to 30% by 2022 as well as a new sales tax refund of 19% for capital goods such as machinery.

Vale told to pay $26.8m in damages to indigenous tribes

The company's Onça Puma nickel mines blamed for contaminating the Catete river, which prosecutors said had a "severe" impact on the Xikrin and Kayapo tribes.

Volkswagen to spend $50 billion on electric car 'offensive'

German automaker is also considering involvement in battery production.

Philippines to allow some halted mines to resume operations with conditions

The nine mines, six of which are nickel operations, have been shut since 2017 as part of an environmental crackdown on the sector.

Miners' spending on hunt for copper, EV metals hits $10 billion

Budgets jumped about 19%, outpacing last year’s gain.

Talon Metals tables PEA at Tamarack North

Tamarack North nickel-copper-cobalt project in Minnesota is expected to produce 23.3 million lb. nickel and 11.1 million lb. copper per year over a 7 year mine life.

RSC Mining and Mineral Exploration partners with Terra Modelling

The agreement provides a considerable combined offering to the mineral exploration and mining market.

Sherritt International sees jump in nickel production and profit

The numbers are up thanks to the success of the company’s Moa JV with the Cuban Government.

Japan's Sumitomo Metal cuts FY profit forecast on lower metal prices

Sumitomo Metal cut its full-year forecast, blaming lower-than-expected metal prices amid the U.S.-Sino trade spat, and reduced nickel output.

Canadian miners’ performance in Q3 hit by lower metal prices

EY’s Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — dropped 12 percent in the third quarter of the year when compared to the previous three-month period.

China Minmetals signs 20m tonnes iron ore purchase agreement with Brazil's Vale

The state-owned metals and mineral trading firm also signed a 2,400 tonne nickel briquette purchase agreement with Japan's Sumitomo Corp.

Group ten metals – On the search for platinum group metals in Montana

Michael Rowley, president and CEO of Group Ten Metals Inc. interview with Maurice Jackson.

Canada Cobalt shares jump nearly 12% after hitting high grades at Castle mine

The company specifically targeted cobalt for the first time at this historic silver producing mine.

China demand for Vale ore to keep price above $90/tonne in 2019 -CFO

What will define Chinese demand for iron ore is continued urbanization, infrastructure investments, auto production.

You'll need 286 pounds of coal to fuel that electric road trip

As electric vehicles slowly become a bigger part of the global fleet, questions about mileage and fuel efficiency are going to become more apposite.

Sumitomo lowers nickel output forecast at Ambatovy mine in Madagascar

Due to lower production amid bad weather and a slow ramp-up after a regular maintenance, Sumitomo now expects a loss of 13.6 billion yen.

Russia's Nornickel boosts Q3 output at its copper project

Nornickels consolidated copper output has risen by 20% to 290,878 tonnes in the first nine months of 2018.

Horizonte Minerals shares tank on lower nickel project profitability

Horizonte plans to raise $443 million to begin construction on the mine in the middle of 2019, production slated for late 2021.

Trafigura-backed Finnish miner Terrafame to build EV battery plant

"Our goal is to complete the plant by the end of 2020, with commercial production commencing at the start of 2021," Joni Lukkaroinen, CEO of Terrafame