The multi-million dollar rare earth elements extraction pilot project, being spearheaded the Jamaica Bauxite Institute (JBI) and Japanese entity, Nippon Light Metals, is expected to commence soon.
This, according to Science, Technology, Energy and Mining (STEM) Minister, Hon. Phillip Paulwell, whose Ministry has portfolio oversight for the initiative.
http://www.jis.gov.jm/news/leads/34568
Moscow, July 15, 2013 – MMC Norilsk Nickel (hereinafter, MMC Norilsk Nickel or the Company), the largest global nickel and palladium producer, announces today that Sergey Dyachenko joined its management team as Deputy General Director, Chief Operating Officer.
SHANGHAI, Jul. 12 (SMM) – China’s production of nickel pig iron (NPI) fell 1.5% month-on-month in June to 32,000 tons as high-grade producers continued to cut output on depressed prices, according to a survey by Shanghai Metals Market.
Production of high-grade NPI was 27,400 tons last month, in metal content, down 1.8% from a month ago while that of medium- and low-grade NPI were both flat with May’s levels, at 1,100 tons and 3,500 tons, respectively.
JOHANNESBURG (miningweekly.com) – London-listed Ruukki Group on Friday said its Mecklenburg chrome mine, in Limpopo, had been fully commissioned.
http://www.miningweekly.com/article/ruukki-commissions-limpopo-chrome-mine-2013-07-12
The Steering Committee of Russian mining major MMC Norilsk Nickel (Norilsk) recently approved the action plan of its Botswana subsidiary, Tati Nickel Mining Company (Tati Nickel). Norilsk owns 85% of Tati Nickel, the other 15% belonging to the government of Botswana. The action plan is intended to improve the Southern African operation’s performance at the current nickel price levels. Tati Nickel also produces copper, palladium and platinum as by-products.
Global palladium producers need to increase output by 2020 to cover a rising deficit, according to an executive at Russia’s Norilsk Nickel, the world’s largest producer of the metal.
Production of palladium, used in catalytic converters, devices which control car exhaust emissions, and in jewellery, currently lags consumption by 30 tonnes, or by 1 million troy ounces.
http://www.reuters.com/article/2013/07/09/russia-norilsk-palladium-idUSL1N0FF08120130709
The limit for lead was increased to a maximum 0.030 percent from 0.010 percent, according to a regulation signed by Trade Minister Gita Wirjawan on June 28 and published on the ministry’s website. The iron limit was unchanged at a maximum 0.005 percent, while other metals such as cadmium and aluminum were removed from the regulation, it said. Tin purity was increased to 99.9 percent from 99.85 percent as planned, the decree stated. The new rules took effect on July 1.
OJSC MMC Norilsk Nickel has launched a project to help mitigate the environmental impact of nickel production in the Murmansk region of north-west Russia.
The RUB 1.5 billion (US$500 million) project will focus on reducing the negative effects of disposing nickel-refining acidic effluents at Norilsk’s Kola MMC division in Monchegorsk.
Fitch has also affirmed the ‘BBB+’ FC IDRs of Vale Overseas Limited and Vale Canada Limited, as well as the ‘BBB+’ foreign currency ratings of the senior unsecured debt issued by these companies. The ratings of Vale Canada Limited and Vale Overseas Limited have been linked to those of Vale S.A. through Fitch’s ‘Parent Subsidiary Rating Linkage’ criteria. Vale Overseas Limited, whose debt is guaranteed by Vale S.A., is domiciled in the Cayman Islands. Vale Canada Limited is an operating company with operations in Canada and Indonesia. Its debt is not guaranteed by Vale S.A.
http://online.wsj.com/article/PR-CO-20130702-909186.html
(Reuters) – Vale SA, the world’s largest iron ore miner, received a license from Brazil’s Environmental Protection Agency for its $19.5 billion Serra Sul mine, CEO Murilo Ferreira said on Wednesday, adding that operations should begin in 2016.
http://www.reuters.com/article/2013/07/03/vale-license-idUSE5N0F70DY20130703
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