May 2, 2024

Sumitomo Corp net profit down 32% on Madagascar one-off loss

Sumitomo booked a total of 150 billion yen one-off losses on four problematic operations, including the Ambatovy nickel project in Madagascar.

May 1, 2024

US, Philippines eye agreement to cut China nickel dominance

One measure under consideration is a trilateral arrangement through which the Philippines would supply raw nickel material, the US would provide financing, and a third country would offer the technology…

April 30, 2024

Vale concludes sale of 10% of base metals unit to Manara Minerals

Manara is a joint venture between Ma'aden and Saudi Arabia's Public Investment Fund.

April 30, 2024

Glencore now sees FY trading division profit between $3bn-$3.5bn

However, the company left its full-year production forecast unchanged.

April 29, 2024

First Quantum to shut down Ravensthorpe nickel mine

The Canadian miner cited higher operation costs and lower nickel price forecast amid reasons for the closure of the Western Australia mine.

April 29, 2024

Harum Energy eyes nickel assets as it shifts focus from coal

The firm has bought stakes in three nickel processing plants, and is weighing an initial public offering of the unit.

April 29, 2024

Indonesia issues new mining permit for Vale Indonesia

The stake divestment by Vale Indonesia's foreign partners was a condition required for the new permit.

April 29, 2024

Ardea Resources teams up with Sumitomo, Mitsubishi for nickel project

A consortium of Sumitomo and Mitsubishi will fund A$98.5 million for the costs of a DFS on the Kalgoorlie project.

April 27, 2024

BHP considering improved proposal for Anglo American after bid rejected

BHP Group is considering making an improved offer for Anglo American after its $39 billion initial proposal was rejected.

April 26, 2024

Archer Exploration changes name to NorthX Nickel

It will complete a non-brokered private placement for C$2.27 million and a consolidation of its common shares, effective May 1.