Garibaldi grows footprint at Nickel Mountain

The British Columbia-based company aims to begin engineering design and economic analysis of a 3-5 tonne per day commercial demonstration plant for 2020.

Indonesia's mining ministry is revising a rule that governs the domestic price of nickel ore to ensure smelters follow government benchmark prices.

The company is aiming to produce nickel sulphates at the Tamarack project.

Among the companies allowed to export ore again are state-controlled miner PT Aneka Tambang and PT Trimegah Bangun Persada.

China Molybdenum Co said it planned to take an indirect 30% stake in the planned Huayue project.

On Monday, IGO made an all-scrip offer for the 96.2% of shares in smaller peer Panoramic Resources Ltd it does not already own, pitching the bid at a steep 42% premium.

As it has done with cobalt, graphite and rare earths, China appears to be locking up the nickel market.

The company will now issue up to approximately 63 million units at a price of C$0.06 per unit.

Indonesia may decide this week whether to resume nickel ore exports after halting shipments to investigate reports of export rule violations.