Nickel Mining News

BHP merging embattled aluminum and nickel divisions

BHP Billiton (NYSE:BHP) added to market rumors that its nickel business is not relevant for the miner anymore by announcing yesterday it had merged the stainless steel materials unit with another struggling division: aluminum.

New legal challenge filed against UP nickel mine

A private club in Michigan's Upper Peninsula has filed a federal lawsuit to halt construction of a nickel and copper mine, saying Kennecott Eagle Minerals Co. did not obtain necessary federal permits.

Commodities up after early drubbing on Europe; nickel jumps

Commodities rebounded on Monday after the huge selloff of the previous session, with nickel staging a big rally and bargain hunting lifting oil prices from their lows after investors shrugged off earlier fears about election outcomes in Europe.

Flood of nickel sparks price warning

More nickel coming onto the market from new or restarted mines is likely to depress the price of the metal used mainly in steelmaking, says Intierra:

South Africa mine casualty figures at record low

Miningmx.com reports April has seen the lowest number of mining fatalities ever in South Africa, according to figures released by mines minister Susan Shabangu.

Budget 'must reveal' mining tax details

CLIME Asset Management founder John Abernethy has called on companies hit by the government's controversial mining tax to immediately disclose the financial impact on their business or face reprimands from the Australian Securities & Investments Commission.

Goliath vs David and Goliath battle brewing over world-first 'stainless steel' deposit

Vancouver's First Point Minerals served notice of arbitration on Cliffs on Saturday because the iron and coal giant refuses to hand over crucial information about the tiny explorer's Decar project, set to become the world's first commercial nickel-iron alloy mine, effectively naturally-occurring 'stainless steel'. BlackRock, an asset manager with more than $3 trillion in assets picked up a stake in First Point two months ago.

Cliffs Refuses to Provide First Point with Key Data on Decar Project

First Point Minerals Corp. announces that it has served notice of arbitration on Cliffs Natural Resources Exploration Canada Inc. and Cliffs Natural Resources Exploration Inc. (collectively "Cliffs") over Cliffs' refusal to provide First Point with information prepared by their consultants with respect to the Decar Nickel-Iron Alloy Project in British Columbia.

Apple is a want – global resources are needs

Here’s a different way of showing how energy stocks have lagged.

Brazil's Government wins latest round in Vale tax match

Brazilian mining giant Vale (NYSE:VALE) announced the country's Superior Court of Justice ruled in favour of the federal tax authority in its appeal against an injunction granted in March suspending payment of taxes on overseas profits by the company.

First Nickel nearly doubles production in Q1

Toronto-based First Nickel (TSX:FNI) had a good quarter, raising its production at the Lockerby mine 87% from Q4 2011.

Strike and lower copper price hurt First Quantum production

A lower copper price and a strike at its Kansanshi mine in Zambia has bit into the bottom line at Africa-focused base metals producer First Quantum Minerals.

US metal and industrial metal mine salaries for 2011

There is no such thing as an average miner.  There is no such thing as an average salary.  Yet we can get some idea of how well mining people are paid by looking at the average salaries for 2011 on US metal mines recently published CostMine.

2011 wages for US metal and industrial mineral mines

There are conventionally 2,080 work hours in a year. Thus somebody earning a wage of $20 an hour gets the equivalent of a salary of about $42,000. Considering the mine manager makes about $100,000 to $150,000 a year, it is interesting to take a look at actual wages paid to miners in the United States in 2011.

Mining blamed for Canadian economy unexpected dip in February

Canada's gross domestic product surprisingly dropped 0.2% in February, with all fingers pointing at the manufacturing and mining sectors, particularly potash and nickel producers, as the main responsible, says the latest Statistics Canada report.

Scientific rationality aside, metals prices are about to turn for the better-Ecclestone

It may not be a first order recovery for mining project financing, but there are more than a few reasons to be cheerful in the mining space, Hallgarten's Christopher Ecclestone suggests.

Social responsibility in mining is basic risk management, not feel-good projects

Corporate Social Responsibility initiatives by mining companies operating in emerging markets in South America, Africa and Asia have become a crucial part of doing business as “above-ground risks are quickly gaining equal footing to traditional geological and engineering considerations for mining projects.”

Vale's profits down by almost half – Q1 results

Vale, the second largest mining company, fell to the lowest in over six weeks today, after reporting its third consecutive drop in quarterly profit driven by declining iron-ore prices and output.

Nickel price decline halves Sherritt's Q1 earnings

Toronto-based Sherritt International had a rough quarter, revealing on Wednesday a 50% drop in earnings from $63 million to $32 million when measured against the same quarter of 2011.

Asteroid miners explain just how they are going to do it

Planetary Resources took the wrapper off the new company that plans to mine asteroids, and the company has half a road map on how to get precious metals out of the sky.

First Nickel shares collapse after ordered to stop operations at flagship mine

Canadian First Nickel Inc (TSX:FNI) shares were down almost 22% this morning (11:11 ET) to 70 Canadian cents, after the company was ordered to stop work at its key mine Lockerby by The Ontario's Ministry of Labour over safety issues.

Broadcast live today: How James Cameron's company will mine asteroids

Google's billionaire co-founders Larry Page and Eric Schmidt and filmmaker James Cameron will officially announce today plans to mine asteroids. The company's presentation will be broadcast live today at 1:30 p.m. ET.

Poll shows support for mining in space

While we may receive confirmation on Tuesday that James Cameron and some Google executives are going to start mining in space, CBC asked its readers if it's even a good idea and found strong support.

Vale's latest business sounds fishy, in a good way

Brazilian mining giant Vale has taken the concept of mining diversification to a new level by announcing that it will start raising fish by its Sudbury, Canada, location.

Indonesian export ban to make many nickel mines viable again

Anton Berlin, head of marketing for Norilsk, says if prices rise above $20,000 a tonne on the back of Indonesia’s proposed ban on the export of ore, many idled mines can re-open.