SINGAPORE, June 17 (Reuters) – As China’s struggling stainless steelproducers rush to cut costs in the face of easing demand, the Philippines’ Nickel Asia Corp is seeing increasing volumes as a low-cost producer of ore for nickel pig iron.
http://www.reuters.com/article/2013/06/17/nickelasia-growth-idUSL5N0ET04W20130617
(Reuters) – Following a highly competitive bidding process, Brazilian miner Vale SA (VALE5.SA) tapped BNP Paribas and Credit Agricole as global coordinators of a $2 billion, five-year revolver, sources told Thomson Reuters LPC.
http://www.reuters.com/article/2013/06/12/us-vale-deal-idUSBRE95B0MV20130612
Cobalt was in tight hands this week, as the market prepared for an imminent export ban which threatens to hinder the flow of vast volumes of cobalt concentrates and intermediates from the Democratic Republic of Congo (DRC).
The Ontario Mining Association’s board of directors has appointed Kelly Strong as the new chairman of the Ontario Mining Association (OMA). Strong currently serves as vice-president of Vale’s Ontario and UK Operations.
The State Reserves Bureau of China’s recently reported plan to purchase at least 60,000 mt of refined nickel from the international market in 2013 is unlikely to have a major impact on Chinese market fundamentals, a nickel analyst at state-owned metals consultancy Beijing Antaike said Tuesday.
http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Metals/27040765
The Dominican Republic government has rejected a request by Glencore Xstrata to explore nickel in a mountainous area of the country.
http://www.bbc.co.uk/news/world-latin-america-22762493
Development of Technology to Make Use of Iron from Nickel Ore Sumitomo Metal Mining Co Ltd produces nickel cobalt mixed sulfides using HPAL, technology in the Philippines and the tailing left by this technology contains iron in the form of hematite. However, the grade of this hematite is low at approximately 30% to 40% and as such cannot be used as a raw material for iron and steel, meaning it is subject to disposal in landfills.
Laterite ore processing by Carbonylation
NEW DELHI, May 31 (Reuters) – India’s largest copper smelter is likely to restart within a week, after a court on Friday gave a conditional go-ahead, ending a two-month-long shutdown that has squeezed domestic supply and boosted imports.
http://www.reuters.com/article/2013/05/31/india-sterlite-smelter-idUSL3N0EC2GF20130531
PATUANAK, Sask. – Uranium giants Cameco and Areva have reached a $600-million deal with a Saskatchewan First Nation that supports their mining operations and drops a lawsuit over land near the proposed Millennium project.
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