Nickel Mining News

Nickel mining in Philippines: provincial governor to be charged with murder of anti-mining activist

In January last year local radio broadcaster Gerry Ortega, who fought hard for a ban on mining on Palawan was slain and now the Philippines' Department of Justice asked for murder charges to be filed against former Palawan Governor Joel Reyes and four others in connection with his death.

Deripaska ready to buy RUSAL's stake in Norilsk – source

A source close to the matter says billionaire Oleg Deripaska is prepared to buy RUSAL's 25% blocking stake in Norilsk Nickel to resolve the shareholder row at the company.

ORE to triple nickel production

Publicly-listed Oriental Peninsula Resources Group Inc. (ORE) will triple production of its nickel mining unit this year as tight supply in the region has upped demand for this prized metal.

China Development Bank has $1 trillion to lend: Its investment arm is 'very actively seeking' nickel assets

Chinese firms have been snapping up copper, uranium, iron ore and coking coal assets around the world, but have yet to make a big splash in nickel.

Doug Casey: "It's a dead-man-walking economy"

In an interview with Louis James, the inimitable Doug Casey throws cold water on those celebrating the economic recovery.

Glencore-Xstrata merger won't happen this year

EU regulators are stepping up scrutiny of the mooted $90 billion merger of the commodities trader and coal giant and the whole vetting process could take until early 2013. That is if the deal goes ahead at all.

Investors give miners another kicking after China manufacturing shrinks

None of mining's top companies escaped the carnage on Thursday after a survey of manufacturing in China showed activity slowed for a fifth straight month.

Metals Economics Group pipeline activity index, March 2012

Metals Economics Group (MEG) Pipeline Activity Index (PAI) slid for the third consecutive month in January to its lowest level since mid-2010, before showing some encouraging signs of recovery in February. Gold drilling regained momentum lost during the holidays, and the total number of initial resources announced in January-February matched the highest two-month total since early 2009.

Canada’s Quebec budget banks on mining royalties to balance books

The government of Quebec, Canada’s most indebted province, is banking on a royalty windfall from its natural-resources sector, especially mining, to help begin its long climb out of the red.

RUSAL threatens to sue in chairman row

RUSAL, the world's No.1 aluminium producer, said comments by former chairman Viktor Vekselberg had damaged its reputation and shareholder value, and threatened unspecified legal action.

Australian mining magnate sues the Government for carbon tax

Australian mining tycoon Clive Palmer will be mounting a High Court challenge against the Government's carbon tax, he told ABC News’ 7.30 Report.

Western Areas Completes the Acquisition of Kagara Nickel

The Board of Western Areas (TSX:WSA)(ASX:WSA) is pleased to announce formal completion of the acquisition of 100% of Kagara Nickel Pty Ltd ("Kagara Nickel") for A$68 million.

Vale sales drive pressures US nickel premiums

Domestic nickel premiums remain under pressure as Brazil’s Vale SA aggressively seeks orders after returning to full production.

Kagara lays off 130 employees after posting A$48.9 million loss

Queensland base metal miner, Kagara Mining, said 130 of its staff were becoming redundant after the company posted an A$48.9 million loss in the first half of its financial year.

Body blow for mining heavyweights as China growth expected to slow to near decade low

The mining sector's bellwether companies were all beaten down on Monday after China's premier Wen Jiabao delivered a downbeat outlook for the world's second largest economy adding that there were "new problems" to deal with.

Western Areas acquires 100% of Lounge Lizard and Kagara's nickel assets

The Board of Western Areas is pleased to announce the Company has reached agreement with Kagara Limited ("KZL") to purchase 100% of Kagara Nickel Pty Ltd ("Kagara Nickel") including the high grade Lounge Lizard nickel deposit for A$68 million. The Lounge Lizard deposit is located adjacent to Western Areas' 100% owned Flying Fox nickel mine at the Forrestania Nickel Project.

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.