Fletcher Nickel Inc. President Frank Smeenk, Suite 1000, 141 Adelaide Street West, Toronto, Ontario exercised a total of 1.4 million warrants, expiring July 13, 2011, to acquire Fletcher Nickel Inc. (the "Company") common shares from treasury at $0.06 each (the "Transaction").
Nickel Mining News
Pure Nickel Inc. (TSE:NIC,OTC:PNCKF) reports it has reached an agreement with Skye Mineral Partners, LLC regarding a copper project in Utah.
Australia's no. 2 nickel miner Minara Resources , which is resuming full production runs following repair work at its Murrin Murrin ore processing plant, trimmed its full-year production guidance on Wednesday. Minara, 71 percent-owned by commodities trader Glencore International , cut its guidance to 29,000-32,000 tonnes of nickel in 2011 from between 33,000 and 37,000 tonnes.
Reuters reports that nickel went untraded today, but still managed to fall as copper, aluminum and zinc also fell.
Carpentaria Exploration Limited today announces a plus A$3.5 million budget for greenfields exploration in the 2011/12 financial year, continuing its aggressive exploration programs across eastern Australia
LME non-ferrous trading climbs 16 per cent in H1, 2011 Read more : non-ferrous metals,ferrous metals,lme,commodity derivatives LONDON (Commodity Online): Non-ferrous trading registered a growth of 16% in volumes at London Metal Exchange (LME) t with 68.6
Shares in Anfield Nickel's jumped more than 4% to within striking distance of a year-high on Friday after the company released the results of its economic assessment of the Mayaniquel project in Guatemala. Anfield said the project may generate approximately 700 permanent jobs and 800 direct jobs during the three year construction period and potentially $1.8 billion in taxes and government royalties payable to the Guatemalan government.
A mine rescue agency said that Zambian mines are well equipped and can react to any eventualities. In an apparent reaction to the recent development at Zambia’s sole nickel producer, Albidon mining where a sink hold affected production at the mine for another three weeks.
First Point Minerals Corporation announced positive metallurgical results from test work completed by Cliffs Natural Resources Exploration Inc an affiliate of Cliffs Natural Resources Inc CLF +1.35% FR:CLF +6.43% for the Decar nickel project in central
Reportedly, Burundi, the Central African nation has planned to start nickel production next year after first discovering this stainless steel making ingredient more than 35 years ago. Because of lacking fundamental infrastructure, the country?s nickel
Reuters Africa reported that the Jinchuan Group’s (FRA:GDZD) bid for Metorex (JNB:MEMTX) is higher than Vale’s (NYSE:VALE) offer. The market news is quoted as saying: Jinchuan, China’s dominant nickel producer, added almost 22 percent to Vale’s offer, making 8.90 rand per share for a cash bid at current exchange rates of around $1.32 billion.
Proto Resources & Investments has received a mining lease from the Tasmanian Government for the firm's Barnes Hill project near Beaconsfield, Tasmania, for an initial period of 15 years.
Canadian base metal and coal miners were the nation's economic bright spot in April, according to report from Statistics Canada released on Thursday. The study, which looked at gross domestic product by industry, found that mining grew strongly while the rest of the economy was mostly flat.
Industrial metals surged nearly 3 percent to end at its priciest in nearly two months Wednesday, as repressed buyers flooded the market after a Greek parliament vote to accept austerity measures bolstered risk appetite.
BHP Billiton said on Wednesday that production at its Kwinana nickel refinery in Western Australia had restarted as planned in early June. "In line with our previous guidance, production at Kwinana resumed in early June," a spokesman told Reuters.
The world seems set to enter a period of slower growth and higher inflation and investors would do well to gain some direct exposure to commodity markets, said Barclays Capital MD Kevin Norrish on Wednesday.
Investing directly in commodities through indexes gives an investor more direct exposure to commodity prices than investing in the producers, whose returns were more aligned with equities.
The Directors of Proto Resources & Investments Ltd are pleased to announce that the Tasmanian Government has granted Mining Lease ("ML") 1872P/M over the area of the company's Barnes Hill project near Beaconsfield.
Nickel is projected to be in a surplus over the next year and a half, as weak stainless steel demand has caused cuts in production. There are supporting factors as the market heads for its bottom.
Vancouver-based Quadra FNX announced a three-year collective agreement with United Steelworkers that includes a 3% wage increase, BIV reports: “This agreement breaks a pattern in the mining industry of attempts by employers to impose concessions on their workers,” said Wess Dowsett, Steelworkers area coordinator for Northeastern Ontario.
Is this year’s worst-performing LME metal a canary in the coal mine for copper? And is there any hope in sight for nickel prices? Tolstoy once wrote, “Happy families are all alike; every unhappy family is unhappy in its own way.”
Is this year's worst-performing LME metal a canary in the coal mine for copper? And is there any hope in sight for nickel prices? New York (Hard Assets Investor)
Canadian Mining Journal reports: Crowflight Minerals of Vancouver has received all the necessary approvals and will begin trading under its new name, CaNickel Mining Limited, on June 23, 2011. The company has also moved its business to British Columbia from Ontario. CMJ reports that since Crowflight restarted nickel mining at Bucko Lake near Wabowden, Manitoba, the mine has shipped 85 tonnes of nickel concentrate to Xstrata's smelter in Sudbury, ON. The mill is currently processing 600 tonnes per day. Image of the Bucko Lake mill, by Crowflight Minerals Inc.
Pitchstone Exploration Ltd. ("Pitchstone") has finalized plans for summer exploration activities in the eastern Athabasca Basin, Saskatchewan. Work will include 2,250 meters of diamond drilling at Gumboot and Johnston Lake, plus 2,000 meters of diamond drilling at Wolverine. Additionally, Pitchstone has recently staked three new claims in the eastern Athabasca Basin.
First Point Announces Cliffs to Assume Management of 2011 Exploration Program on the Decar Nickel-Iron Alloy Project
First Point Minerals Corp. (TSX VENTURE:FPX) ("First Point" or the "Company") is pleased to announce that Cliffs Natural Resources Exploration Inc., an affiliate of Cliffs Natural Resources Inc. (NYSE:CLF)(PARIS:CLF) ("Cliffs"), has assumed management of, and is starting the 2011 exploration program on the Decar nickel project in central British Columbia. Cliffs has hired Caracle Creek International Consulting (CCIC), a professional geological, geophysical and engineering services consulting company, to supervise the 2011 exploration program at Decar.