The Globe and Mail reports that Canadian one- and two-dollar coins, known as "loonies" and "toonies", will this spring be made from steel, replacing the more expensive nickel they are currently made from:
Nickel Mining News
Reuters reports the London Metal Exchange has been approached by several potential bidders and will consider takeover proposals in late February according to its CEO. The LME handles some 80% of global trade in metals futures and a takeover will help the the 134-year old trading floor to compete against rapidly-expanding Asian metal trading hubs.
Listed Nickel Asia Corp. (NAC) hit a record high in shipment volumes last year amid strong demand from China, a disclosure to the local bourse showed yesterday.
Canadian mineral explorer Continental Nickel Ltd (CNI) is set to start mining the mineral in southern Tanzania following positive exploration results.
Copper and nickel prices rose by Rs 2 per kg in the local non-ferrous metal market today on pick-up in industrial demand amid a firming global trend.
2011 will go down as the year when the wind fell out of the sails of economic recovery and serious storm clouds gathered on the horizon.
The Bucko Lake Mine in Manitoba is scaling back operations due to a fall in nickel prices.
French nuclear giant Areva says it is in talks to sell its 26% stake in major nickel miner, Eramet (formerly Soc. Le Nickel) with major operations in New Caledoinia.
In a study of pancreatic cancer, Spanish researchers found that patients with high concentrations of nickel and selenium were least likely to suffer from the disease.
A Papua New Guinea court has rejected an appeal by local landowners to block deep sea dumping of waste from the Ramu nickel mine, junior partner Highlands Pacific said on Thursday.
Minority partner Highlands Pacific said Tuesday it expects the Ramu nickel project in Papua New Guinea to operate close to maximum capacity by mid to late 2013.
Environmental and community groups opposed to a nickel and copper mine being constructed in Michigan's Upper Peninsula aren't giving up the fight.
World #1 nickel and palladium producer Norilsk Nickel is investing heavily in new and existing mines. The Russian mining conglomerate announced today it will spend US$10.9 billion to expand its mineral resource base including development of existing mining assets and construction and commissioning of new mines.
Week after flagging diamond division sale, BHP says likely no new investment in aluminum and nickel arms
Finance News Network reports BHP Billiton's CEO Marius Kloppers says the miner will likely stop investing in its "tough" aluminium and nickel divisions and run them as "lean and mean as possible". The comments are fuelling speculation that BHP will lob off the two divisions and come just one week after the company said it would decide by January next year whether to get out of the diamond business altogether.
Quadra FNX Mining (TSE:QUX) is up a whopping 39% today on news of a multi-billion-dollar takeout bid. The Canadian base metals producer with offices in Toronto and Vancouver said it has agreed to have all its outstanding shares and warrants acquired by KGHM Polska Miedź S.A. (KGHM) for $3.5 billion. Quadra FNX has operating mines in Ontario, Arizona, Nevada and Chile, where the company is also developing the Sierra Gorda copper-molybdenum mine. The project is a joint venture between Quadra FNX and Japanese metals producer Sumitomo Mining.
The London Metal Exchange said Tuesday it has completed a major upgrade to its electronic trading platform to cope with record volumes and high frequency trading. A takeover of the 134-year old exchange – one of the last bastions of open outcry trading – appear to be in the offing as its major shareholders jockey for position and competition from Asia intensifies. Over the last 7 years electronic trading has grown from 2% to over 70% of the LME's market volume.
QUEBEC - Royal Nickel Corp. has filed a project notice for its Dumont nickel mine with the Quebec Ministry of Sustainable Development, Environment and Parks advising the ministry that it intends to proceed with development of the project in the Abitibi...
A commodity is something that has universal definition and demand. Everyone knows what food is, and everybody wants it. Nearly everyone in the world knows what gold is, and nearly all of them want it. The same is true for oil, steel, copper... the list goes on.
Environmental groups are calling for the withdrawal of a Norwegian firm seeking to mine for nickel in Mindoro after it was found in violation of guidelines for multinational enterprises established by the Organization for Economic Cooperation and Development.
Continental Nickel Limited (TSX VENTURE:CNI) ("Continental" or "CNI" or the "Company") is pleased to announce that it has commenced a diamond drilling program on the St. Stephen nickel-copper sulphide project in New Brunswick.
Construction is under way on Vale's Challenging Ore Recovery (CORe) project. The CORe project is a brownfield integration within the Clarabelle Mill in Sudbury, Ontario, Canada, which also includes a greenfield development of a new flotation building.
Rockland Minerals Corp has completed the definitive agreement for the Blue Lake copper-nickel-platinum group metals project.
A potential copper-nickel mine in Michigan's Upper Peninsula had a roadblock removed recently with a judge's decision to uphold the mine permits. Kennecott Eagle Minerals Company, a subsidiary of Rio Tinto, annnounced last week that the Ingham Circuit Court upheld environmental permits issued in 2007 for the Eagle Mine. The permits had been challenged in court by groups concerned about acid mine drainage including the National Wildlife Federation.
A rash of injuries at two mines in Sudbury forced Xstrata management to temporarily stop operations and send its 300-employee workforce home, Nov. 21.
David V. Pathe will take over as Sherritt International Corp.’s chief executive officer from the retiring Ian W. Delaney effective Jan. 1, the company said in a statement.