August 20, 2011

Weak demand likely to push nickel market into surplus in H2

Reuters reported that deteriorating demand from stainless steel mills and rising mine production are likely to push the nickel market into surplus in the second half of the year and…

August 19, 2011

Norilsk Nickel Offers $8.75 Bln To Buy Back 15 pct Stake Held By UC Rusal – Update

OJSC Norilsk Nickel Mining and Metallurgical Co. (NILSY.PK: News ) Friday said it has proposed to buy back 15 percent of its stake held by Russian aluminium firm UC Rusal…

August 18, 2011

Nickel to face pressure from weakening steel demand

Uncertainties with regard to global growth are pressuring the base metal prices. However Nickel especially faces huge downside pressure due to a weakening Steel demand and prospects of new mine…

August 16, 2011

BHP profit to top $2.5 million per hour

The market is expecting BHP Billiton to post record-setting annual profits of $US22.1 billion next week on revenues forecast to be a staggering $71.9 billion. BHP investors, whose stock has…

August 16, 2011

MMC Norilsk: results of Directors meeting

Moscow - The scheduled in-person meeting of the Board of Directors of OJSC MMC Norilsk Nickel (hereinafter: MMC Norilsk Nickel or the Company) took place today. The agenda consisted of…

August 15, 2011

Manicouagan provides an exploration update on its Pickle Lake gold properties

In late July 2011, Manicouagan completed a follow-up diamond drill program on its Kasagiminnis Lake Project to test for the down-dip extension of the encouraging results from the drill program…

August 15, 2011

Inspiration advances Langmuir project and engages NordPro to provide engineering and geological services

Inspiration Mining Corporation (“Inspiration” or the “Corporation”) (TSX:ISM)(FRANKFURT:OI8) is pleased to announce the engagement of NordPro Mine and Project Management Services Ltd. (“NordPro”) of […]

August 14, 2011

PT Antam H1 2011 ferronickel output up by 6pct YoY – CEO

Reuters reported that ferronickel output at Indonesia's state owned nickel miner Aneka Tambang rose by 6% YoY in the first half of 2011 as compared with the same period of…

August 13, 2011

Commodities to extend gains, say GCM Worldwide

Retail sales in the U.S. climbed 0.5 percent in July, the most in four months, following a 0.3 percent increase in June that was larger than previously estimated, GCM Worldwide…

August 13, 2011

Rusal plans to export 240000 tonnes of alloys for automotive industry in 2011

Interfax reported that UC Rusal plans to export 240,000 tonnes of primary foundry alloys in 2011 for the automotive industry. Those exports about to roughly 24% of Rusal total expected…