Nornickel’s 2023 profit slumps 51% on falling metal prices
Nornickel expects a further decline in its nickel and palladium output this year, due to geopolitical risks and postponed furnace repairs.
Latest Stories
Metals Acquisition IPO Down Under goes over forecast
The Jersey-based company’s initial public offering on the ASX was oversubscribed by about A$25 million.
Mining People: Lodestar, Mandalay, Mirasol, Nion Nickel, FPX Nickel
Key moves in the mining sector.
Dietary shift could generate same amount of power from renewables by 2050 as coal does today
Replacing 50% of animal products with alternative proteins by 2050 could free up enough agricultural land to generate renewable energy equivalent in volume to today’s coal-generated power, a new study shows.
Auxico Resources hails exploration results at Colombian RREE project
Results from a 2021 campaign show that Minastyc holds important concentrations of critical minerals, including niobium, gallium and germanium.
New Gold unveils three-year plan for 35% production growth
New Gold aims to produce 410,000 to 460,000 ounces in 2026 by boosting output at current mines and completing growth projects.
Green shoots for copper, nickel, zinc, aluminium prices
Macquarie says January's full set of PMIs looks like a potential turning point for the global industrial cycle.
Rio Tinto, BHP tie up in Australian ‘green iron’
Rival mining giants said they would jointly investigate the development of a pilot project to decarbonise steelmaking that could be commissioned as early as 2027.
Omai Gold Mines boosts indicated resource by 2 million oz.
Compared to the last resource estimate in October 2022, the indicated ounces represent a 4% increase.
