Nickel Mining News

Green Monday: Glencore dividend payout gives Glasenberg a $110 million pay day

Ivan Glasenberg, CEO of  Glencore International stands to receive dividends worth roughly $110 million on Monday when the commodities giant announces its maiden full-year payment to shareholders.

New study says 66% of institutional investors choose Africa as number one destination. No wonder. Have you seen the size of that place?

A new survey by The Economist Intelligence Unit finds when institutional investors interested in frontier markets were asked to choose two regions out of five, two-thirds see Africa – projected to be the fastest growing region on the planet this year – as holding the greatest opportunity.

Global nickel surplus may constrain stainless steel pricing

Surplus nickel and Chinese nickel pig iron production, may combine to lower nickel prices and keep stainless steel prices in check.

Union calls for criminal charges against Vale over nickel mine fatalities

A United Steelworkers investigation says Vale's Stobie nickel mine fatalities could have been avoided and has called on the Ontario Government to bring criminal charges against the company.

OFL accuses Vale of whitewashing investigation into double fatality, calls for criminal investigation

Ontario Federation of Labour President Sid Ryan accused multinational mining corporation, Vale, of whitewashing an internal investigation into a 2011 double fatality at its Stobie Mine in Sudbury. ULAANBAATAR, MONGOLIA--(Marketwire - Feb. 29, 2012) - Undur Tolgoi Minerals Inc. ("UTM" or the "Company") (CNSX:UTM) is pleased to announce that its previously outlined winter work program is now in full operation. The mobile camp is in pl...

Scotiabank’s report paints optimistic outlook for copper, zinc and nickel

As Canadian exports of iron ore and uranium to China continue to increase dramatically, Beijing will benefit from higher-quality ore and diversification of supply sources, predicts economist Patricia Mohr in the latest Scotiabank’s Commodity Price Index.

Sherritt expects volatile nickel market

Sherritt International Corp. expects a volatile nickel market this year and next as the global demand picture for the commodity remains unclear, according to its top executive.

Quadra FNX Securityholders Approve Plan of Arrangement With KGHM

Quadra FNX Mining Ltd. ("Quadra FNX") (TSX:QUX) is pleased to announce that its securityholders have approved the previously announced plan of arrangement (the "Arrangement") involving Quadra FNX, 0929260 B.C. Unlimited Liability Company ("AcquireCo"), an indirect wholly owned subsidiary of KGHM Polska Miedz S.A. ("KGHM") (WSE:KGH), and holders of Quadra FNX's common shares ("Common Shares"), common share purchase warrants issued on March 1, 2007 ("2007 Warrants") and common share purchase warrants issued on September 9, 2009 ("2009 Warrants") together the Securityholders (the "Securityholders). At the special meeting of the Securityholders held today, the Arrangement was approved by 78.6% of the Securityholders voting together as a single class. All amounts are in Canadian dollars.

Vale resuming Sudbury operations, says no 2012 production impact

Brazillian miner Vale SA said Tuesday it is gradually resuming mining at its underground nickel operations in Sudbury, Canada.

Glencore-Xstrata deal terms 'must be revisited'

TORONTO: Fidelity Worldwide Investment said that while it supports Glencore International plc's STG23.8 billion (RM112.5 billion) takeover bid for Xstrata plc "in principle," the terms of the deal "need to be revisited."The investme...

BHP Billiton not ruling out production cutbacks

GLOBAL mining giant BHP Billiton yesterday warned that it could scale back production at unprofitable operations as commodity prices softened due to economic uncertainty. But BHP chief Marius Kloppers said the firm's flagship iron ore business was in g...

Norilsk to open 40,000 t/y nickel project in Australia

Nickel major Norilsk is preparing to start its Honeymoon Well project, in Western Australia, following positive studies completed in 2011, director of overseas operations Roman Panov said this week.

BHP may sell $10 billion of smelters, mines, Deutsche Bank says

BHP Billiton Ltd., the largest mining company, may consider selling about $10 billion of aluminum, nickel and coal mines and smelters as it trims its portfolio, Deutsche Bank AG said.

BHP H1 earnings up 8% on record iron ore, gas production

BHP Billiton raked in US$18.7 billion in the half-year ended December 31, 2011 — an 8.3% increase in Underlying EBITDA from the second half of 2010.

CaNickel Implemented Long Hole Stoping Mining and Achieved Record Mine Production

CaNickel Mining Ltd. ("CaNickel" or the "Company") (TSX:CML), is pleased to report that it has successfully implemented long hole stoping mining method and achieved record mine production at its 100% own Bucko Lake mine, Manitoba, Canada.

Panoramic Resources confirms hostile bid for competitor Magma Metals‎

ASX and TSX-listed Magma Metals (MMW) announced today the appointment of advisers in respect of the unsolicited proposed $40 million takeover offer for Magma by nickel miner Panoramic Resources Limited.

Xstrata and Glencore to close $90bn merger

After months of speculations and secret negotiations, Xstrata PLC (LON:XTA) and Glencore International PLC (LON:GLEN) have formally announced an all-share merger that would create a $90bn giant named "Glencore Xstrata International PLC."

Vale employees returning to work at Sudbury operations

Vale said the return to work process has begun at the company's five Sudbury area mines following a temporary suspension stemming from three fatalities at those operations.

URSA Major Minerals temporarily suspends operations at Shakespeare nickel mine

URSA Major Minerals Incorporated ("URSA Major" or the "Company") (TSX:UMJ) has temporarily suspended operations at the Shakespeare Nickel Mine, located 70 km west of Sudbury, Ontario.

68% lift in Magma Metals on $40 million takeover bid

Shares in ASX and TSX-listed Magma Metals rocketed 68% after Panoramic Resources, a nickel miner, launched a $40 million takeout bid.

Glenstrata: Not just mining's biggest ever deal, a new kind of resource giant

Glencore International is in talks with Xstrata to merge in a deal that would create a $80 billion rival to BHP Billiton, Vale, Rio Tinto and China's Shenhua. Here's a wrap-up of what people are saying about the birth of the globe's first vertically integrated resource giant.

BHP axes nickel operations in Western Australia

BHP Billiton Ltd., the world’s largest mining company and the fourth-largest nickel producer, announced today that is decreasing mining operations at its West Australian locations by 30 percent.

Vale closing eight mines while it investigates another fatality

After a recent mining fataility at Vale's Coleman Mine in Sudbury, the Brazillian miner is temporarily shutting down all eight mines in the region while it assesses safety procedures.