Nickel Mining News

Canadian M&A deal volume to grow led by base metals miners

Miners, especially of base metals, will drive Canadian merger and acquisition activity for the rest of 2011, although oil and gas and financial services will also be significant, bankers said on Tuesday.

US Nickel: Tapping an Historic Vein

The name US Nickel at this point in time is not exactly a total misnomer but could reflect the major shift in recent times into the Australian gold space. However, the current duality at the company might only be a temporary phenomenon as we would not be surprised to see the two disparate activities divided up again via a demerger operation or via the US Nickel assets

Manitoba nickel mine to restart in April

Vancouver-based Crowflight Minerals (TSX: CML) says it will resume operations at its Bucko Lake Mine in April. The company expects to mine 220,000 tonnes of ore in 2011, with the goal of producing about five million pounds of nickel. With nickel trading at $12 a pound, the operation would yield a $20 million cash flow in 2011, Crowflight stated in a news release Wednesday.

Victims of gang-rape in Guatemala announce lawsuit against Canadian mining company

Rosa Elbira Coc Ich and ten other indigenous Mayan Q'eqchi' women filed a lawsuit today against Canadian mining companies HMI Nickel, and its corporate owner, HudBay Minerals, regarding mining-related gang-rapes suffered by them near a […]

General Director of MMC Norilsk Nickel meets South African President

Vladimir Strzhalkovsky, the General Director and Chairman of the Management Board of MMC Norilsk Nickel (the Company) met with the President of the Republic of South Africa Jakob Zuma in RSA. The meeting was held as part of the General Director's business visit to the Republic of South Africa. The parties discussed further development of the Company's projects in RSA.

Vale's future depends on execution of capex spending plan – Morgan Stanley

The ability of mining giant Vale (VALE.N: Quote) to execute on its capital spending plans will be paramount for its stock to rise, according to a Morgan Stanley report on Monday. Analysts Carlos de Alba and Bruno Montanari said that Peru's Bayovar, Vale's first greenfield project outside Brazil, "offers a good example that the company can deliver."

Sama and Old Nick

In 1751, Axel Fredrik Cronstedt of Sweden attempted to extract copper from the mineral Kupfernickel - today called niccolite. To his surprise instead of copper, he got a silvery white metal he started calling nickel. The name nickel comes from the German language and means Old Nick – which is a name Germans use for the devil – so nickel is “Old Nicks copper” or the “Devil’s copper

Brazilian media reports Vale CEO ousted

Brazilian mining company Vale has pushed out Chief Executive Roger Agnelli under heavy government pressure and is in discussions to replace him with an executive from within, local media reported on Sunday. President Dilma Rousseff has used the government's influence as a key Vale (VALE5.SA: Quote) shareholder to insist the company remove Agnelli following years of accusations it was not doing enough to bolster Brazil's economic development.

Rusal suffers further rebuff as court rejects injunction request

Moscow - OJSC MMC Norilsk Nickel (the Company) announces today that RUSAL has once again failed gain an injunction through court. The Krasnoyarsk Territory arbitration court has rejected the request for an injunction in a lawsuit brought by RUSAL against OJSC MMC Norilsk Nickel. The suit challenged the divestment of the OGK-3 generating company for a stake in Inter RAO.

NWTT Acquires New Mining Property With Historically Confirmed Findings of Platinum, Copper and Nickel

NW Tech Capital Inc. (PINK SHEETS:NWTT) has executed an option agreement that grants the company 100% interest in a prolific platinum, copper and nickel-bearing property located in McConkey Township, Ontario. After successfully completing the negotiation process, management decided to enter into an agreement that gives the company unrestricted rights to explore resources and reserves on what is known as the Caribou Property.

Northern Manitoba nickel mine could re-open by April

Crowflight Minerals has made an out of court settlement for $7.1 million, thus paving the way for a re-opening of Bucko Lake mine by early April, The Winnipeg Free Press reported today: Crowflight Minerals Inc. is expecting to announce plans to reopen production at the Bucko Lake nickel mine in Wabowden as early as next week.

Nickel in Society: A new publication from The Nickel Institute

Today we care more and more about sustainability and yet we seem to know less and less about the materials that contribute to a sustainable future. Making sustainable choices should be easy. The Nickel Institute’s new publication, Nickel in Society, highlights the most important applications of nickel, of which there are over 300,000, and explores how these applications contribute to innovation and sustainability in our daily lives.

Aguablanca nickel mine to restart in 2012, Lundin says

Lundin Mining Corp. (TSX:LUN) says an assessment of its Aguablanca mine suggests full operations will likely restart in 2012 after a shutdown in December due to heavy rains, according to a report in The Brandon Sun: The base metals miner says it plans to spend the year preparing the mine to guarantee the operation's viability and safety after an assessment at the nickel mine in Spain.

First Quantum doubles quarterly profit

First Quantum Minerals posted a US$455 million profit in the third quarter, the Vancouver-based company reported on Tuesday. That compares with $227 million in earnings in the three months ended December 31, 2009. Sales of copper in Q3 were down from the same period last year, from 98,171 tonnes in Q3 2009 to 76,290 in the third quarter of 2010. However, the company ended the year with $1.385 billion in its treasury compared to $959 million in the previous year's Q3.

HudBay Minerals triples profit in Q4 2010

HudBay Minerals posted some big gains in its fourth-quarter and year-end financials, the Toronto-based miner reported on Wednesday. Net earnings in Q4 2010 more than tripled to $24.5 million, compared to $7.2 million in the fourth quarter of 2009. Year-end numbers were also impressive, with net earnings of $73 million — a 475% increase over 2009 after adjusting for gains on the sale of investments, the company stated.

Franconia Minerals Shareholders Approve Arrangement With Duluth Metals

Franconia shareholders have approved an agreement whereby Duluth will acquire all of the outstanding common shares of Franconia, and Franconia will become a wholly-owned subsidiary of Duluth. Franconia's assets are expected to be rolled into Twin Metals Minnesota LLC, a Duluth (60%) and Antofagasta plc (40%) joint venture.

Russia's young flock to Arctic mining town

Lung-blackening pollution and Arctic isolation have not stopped Russian mining giant Norilsk Nickel from attracting graduates to work in its mines. Andrey Ostroukh, writing for Reuters, describes how nickel and palladium mining have transformed this former Gulag town into a thriving city of 210,000.

Court action against URSA Major Minerals is dismissed

On Tuesday the Ontario Superior Court of Justice dismissed Inspiration Mining Corporation's court application against URSA Major Minerals. Inspiration sought to reverse a private placement that URSA closed on Jan. 31, 2011. "After legal argument, […]

West African iron-ore miner completes US$133 million placement

Bellzone Mining announced on Tuesday that it had completed a US$133 million placement of 102 million ordinary shares. Canaccord Genuity Limited was the lead manager. Bellzone, an AIM-listed company, is developing two iron ore and nickel/copper assets in Guinea, West Africa. The Kalia iron deposit, a 50mtpa iron ore operation, is the company's flagship project.

Michael Moore spotlights Vale for shutting down operations in Manitoba

Michael Moore, political activist and academy-award winner, took sides in the labour fight between Vale and the workers in Thompson, Manitoba. On Tuesday Moore wrote in his blog that the town and unions are resisting […]

Sherritt expecting production declines in Cuba this year

Canadian mining and energy company Sherritt is expecting production declines in Cuba in 2011, Cuba Standard reported: Sherritt, Cuba’s largest foreign investor, said in its fourth-quarter financial report that it expects moderate production declines in […]

Russia to build $3bn nickel smelter in Indonesia

Indonesia's chief economic minister said a group of Russian investors plan to invest $3bn in a nickel smelter on Halmahera island with groundbreaking expected to start in the first half of 2011.

Fund flows pushing commodities prices higher, but at what cost?

Citigroup’s Metals and Mining team issued a note Monday talking about how fund flows - not global economic growth - are driving commodities prices higher.

Zimbabwe: Mwana Africa's Bindura Nickel in off-take deal with Glencore

Bindura Nickel signs output off-take agreement with Glencore International. Bindura predicts yearly nickel output at7,000 tonnes.

Talvivaara's Primary Crushing Capacity Boosted by Crusher Cavity Optimization

Talvivaara mine, located in Northern Finland, is today the biggest sulfide nickel ore mine in Europe. In close cooperation with Metso, and with crusher cavity optimization, Talvivaara recently boosted its primary crushing capacity annually by […]