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Category Archives: Metals

Glencore Sells $2.4 Billion Xstrata Mine for Just $19 Million

Posted on June 19, 2015 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

(Bloomberg) — Glencore Plc extricated itself from one of the mining industry’s most value-destructive deals by offloading the Cosmos nickel mine for A$24.5 million ($19 million).

The Australian mine was bought in 2007 by Xstrata Plc, which paid A$3.1 billion for Jubilee Mines NL to gain control of the Perth-based company’s flagship operation. Glencore acquired the business when it took over Xstrata two years ago and put the mine up for sale in December along with two other nickel assets.

Metals

Vale to bring investors to Sudbury nickel mine as miner mulls IPO

Posted on June 18, 2015 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Brazil’s Vale SA has invited investors to tour its nickel operations in Sudbury, Ont., this week as the giant mining company decides whether to take part of its metal business public.

Metals

Vale Said to Hire Canada’s Stikeman Elliott for Base Metals IPO

Posted on June 17, 2015 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Vale SA, the world’s top nickel producer, hired Canadian law firm Stikeman Elliott LLP to help it prepare for a possible initial public offering of its base metals business, three people with knowledge of the appointment said.

Metals

ATI to Expand Nickel-Based Superalloy Powder Capabilities

Posted on June 17, 2015 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Allegheny Technologies Incorporated announced today that it is expanding its nickel-based superalloy powder capabilities to satisfy strong demand from the aerospace jet engine market and growing demand from the additive manufacturing industry, particularly for 3D printed parts used in the aerospace, medical, electrical energy, and oil and gas markets.

Metals

Researchers develop lower-cost, more efficient nanostructure for fuel cells

Posted on June 15, 2015 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

To create a fuel cell that would be more efficient, more durable and less expensive to produce, the researchers used a surface engineering technique called “surface doping,” in which they added a third metal called molybdenum to the surface of platinum-nickel nanostructures. The change made the alloy surface more stable and prevented the loss of nickel and platinum over time.

Metals

Billionaire Seeks BHP-Style Conglomerate in Vedanta Deal

Posted on June 15, 2015 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Agarwal’s Vedanta Ltd. is planning to absorb Cairn India Ltd., combining India’s biggest producer of aluminum and copper with its largest onshore oil producer. The merger will create an entity with a market capitalization of about $11 billion, based on the last traded price of Vedanta Ltd.

Metals

Mining Investments in Chile to Soar Over the Next Decade

Posted on June 10, 2015 by Nanthakumar Victor Emmanuel, P.Eng One comment

Chile will continue to be the most attractive Latin American country to foreign mining investors, as mining investments in the country are expected to reach a value of about US$64 billion [$82 billion] by 2025, said state copper commission Cochilco.

Metals

BHP Billiton gets tough as prices stay low

Posted on June 9, 2015 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Commodity prices are depressed, but cut-throat manoeuvres may keep the mining firm competitive

Mining juggernaut BHP Billiton is determined to put a brave face on a situation in which commodity prices could stay low for a prolonged period. The £73 billion business is adapting to lower metal and energy prices by streamlining operations, rethinking growth projects and driving through cost efficiencies.

Chile may be China’s next competitor in the rare earths market

Posted on June 4, 2015 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

The rare earths industry is about to experience a clean-versus-dirty battle until now only seen among fuel producers, as a Chilean company is stepping up efforts to grab some of that market in a much greener way than China, the world’s top producer of such elements.such elements.

Newssummary: Over 80% of Jinchuan Nickel Go to Non-steel Sector

Posted on June 3, 2015 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

SHANGHAI, Jun. 3 (SMM) – More than 80% of Jinchuan nickel is consumed by China’s non-steel sector, news reported from the Shanghai Derivatives Market Forum. “Around 120,000-130,000 tonnes of Jinchuan nickel go to domestic non-steel industry every year, such as the battery and electroplating sectors,” said Simon Bao, Deputy Marketing General Manager.