Interfax reported that UC Rusal plans to export 240,000 tonnes of primary foundry alloys in 2011 for the automotive industry. Those exports about to roughly 24% of Rusal total expected alloy exports this year.
Nickel Mining News
Diamonds North Resources Ltd. (TSX VENTURE:DDN) reports that Minerals and Metals Group (MMG) has informed the Company that they have mobilized a field crew to conduct lake-bottom sediment sampling to follow-up on preliminary EM anomalies identified from the survey recently completed on the Amaruk nickel project in Nunavut (see news release July 14, 2010). To view a presentation on the nickel potential at Amaruk visit our website www.diamondsnorth.com.
The head of Indonesia's state-owned nickel miner said ferronickel output rose 6% in H1 2011 to 9,838 tonnes, more than 50% of forecast full year production
MSN reports that nickel shot up in India to Rs 990.50 per kg in futures trade.
According to data released by Russian Customs, Russia exported 84,400 tonnes of nickel in the first half of 2011, down by 17.3% YoY. However, the country's nickel export values in the first six months of 2011 increased slightly by 0.6%.
Victory Nickel Inc. announced Wednesday improved economics for its 100%-owned Minago nickel project in Manitoba. The improvement arises from a 24% increase in pit constrained measured and indicated resource announced earlier this year. The increased resource has extended the mine life from the Nose Deposit open pit from approximately seven years to approximately nine years.
Proactiveinvestors reports Regency Mines announced on Wednesday that its drilling work is continuing on the Mambare nickel joint venture in Papua New Guinea, but that visa delays may impact the planned work programme. The company said that the delays, caused in part by political uncertainty surrounding the appointment of a new government, could restrict the scale of the drilling programme. Papua New Guinea last week swore in a new PM and cabinet sweeping aside the old guard ahead of general elections next year.
Benton Resources Corp. (TSX VENTURE:BTC) ("Benton" or "the Company") is pleased to announce that the Company has commenced diamond drilling on its 100% owned RIM copper nickel project located 100km south of the world class Voisey's Bay nickel deposit. The program will consist of 6-7 diamond drill holes totaling approximately 3000 metres testing a series of east-west trending conductive anomalies located within the mapped outline of the main Suture Zone. The Company believes that the conductors may represent magmatic sulphide along an east-west trending structural conduit cutting through the Suture Zone similar to the emplacement of the Voisey's Bay deposit. Results of the drilling will be released after they been completed and compiled by Company personnel.
North Korea Times At 3:37 a.m. EDT, shares in Lundin were up 2.5 percent at 31 Swedish krona, easing off earlier highs as the market dipped back after a recovery in early trade following days of heavy losses in the mining sector on the back of demand
Amar Bhalla, URSA Major Chairman stated, "Riyaz is a welcome addition to our board of directors. He has had many years working with public companies on many different fronts and his expertise will continue to strengthen our company. He will bring to the
Shares of North American base metal miners tumbled on Monday along with the price of copper, zinc, and nickel after the downgrade of the U.S. credit rating by S&P amplified fears of a global economic slowdown.
Platina Resources Limited (ASX:PGM) is pleased to confirm the receipt of all assay results from its recently completed 4,591 metre RC drilling program at the Owendale Platinum Project, New South Wales. The Owendale Platinum Project is a 100% wholly owned project, which covers the 30 square kilometre Owendale Igneous Complex (OIC). Approximately one-third of the total area of the OIC contains ultramafic rocks that are overlain by a 40 metre thick weathered laterite profile. Drilling by the Company has focused on this laterite profile, where significant enrichment in platinum (predominantly as the alloy isoferroplatinum) has occurred.
Kalgoorlie Mining Company, formally known as US Nickel (ASX: USN) through its wholly owned subsidiaries has acquired title to two quality advanced greenfields projects: the Snowbird Project in Northwest Territories, Canada and the Mid-Continent Project
One in four parliamentarians in Queensland's state government hold shares in mining or resources companies or have accepted sponsored travel from them this term.
North American Nickel has discovered a previously undetected Quartz Diorite dyke in outcrop located in the north central portion of the Post Creek property which is approximately 2.8 kilometers north of the currently producing Quadra FNX Podolsky copper mine.
Amid a weakening trend overseas and sluggish local demand, copper and nickel prices fell further by Rs 5 per kg in the local non-ferrous metal market on Saturday.
Xstrata plc has approved two Xstrata Nickel projects totaling USD 649 million as it continues its investment in growth options within its Canadian portfolio. Xstrata Nickel?s development of the USD 530 million Raglan extension project in Northern Quebec
TSX-listed Hudbay Minerals is to sell its Guatemalan Fenix project to Cyprus-based Solway Group for $170-million, the company said late on Friday. Solway, which owns mines in the Ukraine and Macedonia, will pay $140-million in cash on closing and $30-million once certain milestones in the nickel project’s development are reached, Hudbay said.
TSX-listed Liberty Mines posted a $4.3-million operating loss for the second quarter on Friday, as production still hadn’t started at its Ontario nickel operations remained halted after problems with its tailings storage.
The board of Western Areas has announced that due to continuing high levels of production from the Forrestania Nickel Project, shipments of nickel concentrate to Jinchuan Group in China are already several months ahead of the original schedule.
Reuters reported that Australia's Albidon Limited has cut its 2011 nickel concentrate output forecast by 21% at Zambia's Munali mine due to lower than projected ore production and quality.
Global miner Xstrata announced Tuesday it plans to invest a further $530 million to develop new projects at Raglan mine in northern Quebec. The U.K.-based company says the investment will allow it to further develop the nickel project.
Businessweek quotes a confidential report prepared for South Africa's mining CEOs as saying South Africa’s ruling party is closer to some form of nationalization than at any other time since the end of apartheid. A government takeover of mines could choke investments in a country with metal and mineral reserves estimated at 2.5 trillion and lead to a collapse of the currency, the rand. Firebrand Julius Malema (pictured), the leader of the youth wing of the ruling African National Congress which often acts as kingmaker in the country’s politics, is spearheading the campaign to seize mines, farms and banks. Malema is never far from headlines in the country with racially charged comments but now an anti-corruption police unit is probing a trust fund owned by him allegedly being used to funnel payments in exchange for securing government tenders.
Contractor VDM Group has signed a $40 million contract with BHP Billiton at its Kambalda nickel operations.VDM's Perth-based subsidiary Cape Crushing and Earthmoving Contractors will handle the five years of work at the Kambalda Nickel Concentrator.The
Finnish mineral processing company Outotec more than doubled its profits for the first half of 2011.