Tag Archives: Nickel

#China metals firms see #US rules unlikely to upend supply chains

Posted on by Leave a comment

Chinese firms producing and processing battery materials see new US rules aimed at limiting Beijing’s grip on the electric-vehicle industry as less stringent than feared, allowing them to preserve a key role in the global supply chain.

Washington’s move, which seeks to cut China out of US tax credits and curb the country’s control over joint ventures, created uncertainty at the end of last week, with questions swirling around the status of Chinese-owned battery-material operations outside the mainland, and over the impact on the wider car and battery industry.

Read more at: https://www.mining.com/web/china-metals-firms-see-us-rules-unlikely-to-upend-supply-chains/

#Norway lawmakers back deep-sea mining in Arctic Ocean

Posted on by Leave a comment

Norway has secured a parliamentary majority to go ahead with plans to open the Arctic Ocean to seabed mineral exploration, despite environmental groups and the fishing industry’s warnings that the move would risk the biodiversity of vulnerable ecosystems.

The country’s minority centre-left government and two large opposition parties backed on Tuesday a government’s proposal announced in June to position the country as a frontrunner in commercial-scale deep-sea mining.

The move by the European country, where vast oil and gas reserves have made it one of the world’s wealthiest nations, has as goal to diversify its economy away from fossil fuels.

Read more at: https://www.mining.com/norway-lawmakers-back-deep-sea-mining-in-arctic-ocean/

Russia’s Norilsk sees 2014 nickel prices up 16% – IFX

Posted on by Leave a comment

MOSCOW – Russia’s Norilsk Nickel, the world’s largest nickel and palladium maker, expects 2014 average nickel prices to rise 16% from current four-year lows, Interfax news agency reported on Tuesday, citing its first deputy CEO.

http://www.miningweekly.com/article/russias-norilsk-sees-2014-nickel-prices-up-16—ifx-2013-06-25

Xstrata’s Koniambo Nickel project goes into production

Posted on by Leave a comment

LONDON (SHARECAST) –Xstrata has announced that its Koniambo Nickel project in New Caledonia has gone into production after producing its first metal this week, a key milestone for the five billion-dollar greenfield project.

http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=20819933

Nickel miner INCO sets aside $216 million for investment

Posted on by Leave a comment

Nickel miner PT Vale Indonesia, whose shares are traded on the bourse under the code INCO, is planning to spend up to US$216 million to support its business this year.

http://www.thejakartapost.com/news/2013/04/10/nickel-miner-inco-sets-aside-216-million-investment.html

Sumitomo plans to increase electrolytic nickel production by 30 percent to 53,200 tons.

Posted on by Leave a comment

The Tokyo-based company forecast refined copper output will fall to 423,000 metric tons in the year started April 1 from the previous year’s estimated output of 436,000 tons, it said in astatement today. The company plans to increase electrolytic nickel production by 30 percent to 53,200 tons, it said.

http://www.bloomberg.com/news/2013-04-01/sumitomo-metal-mining-to-cut-copper-output-3-in-fiscal-2013.html

 

Vale Indonesia Blames Falling Nickel Price for Profit Dip

Posted on by Leave a comment

Net income at the Indonesian unit of global nickel giant Vale last year fell to less than a quarter of the figure a year earlier, unaudited results released on Thursday showed, a dramatic plunge the company blamed on lower global prices for the metal.
Vale Indonesia posted a net income of $67.5 million in 2012, down 80 percent from $333.8 million the previous year. Revenue fell to 19 percent to $967.3 million from $1.2 billion.

http://www.thejakartaglobe.com/business/vale-indonesia-blames-falling-nickel-price-for-profit-dip/575503

BHP hits a $4 billion nickel jackpot

Posted on by Leave a comment

BHP Billiton (ASX, NYSE: BHP)(LON: BLT), the world’s biggest mining company, confirmed Tuesday it has discovered a significant high-grade nickel deposit, named Venus, which could “reshape the future profitability and direction” of its struggling Nickel West business.

http://www.mining.com/bhp-hits-a-4-billion-nickel-jackpot-37502/

BHP eyes $3.9bn nickel float

Posted on by Leave a comment

BHP Billiton has cranked up the potential for a $US4 billion ($3.89bn) spin-off of its ailing nickel division by making a big high-grade nickel discovery near its Perseverance mine at Leinster, 375km north of Kalgoorlie in Western Australia.

 

http://www.theaustralian.com.au/business/mining-energy/bhp-eyes-39bn-nickel-float/story-e6frg9df-1226585437549

 

Finance deals put growing mountains of metal out of reach

Posted on by Leave a comment

LONDON, Feb 21 (Reuters) – The world’s warehouses are packed with ever more metal like copper that industrial users think they can use if needed, but they could suffer costly surprises: big financial firms have other plans for the material.

http://www.reuters.com/article/2013/02/21/metals-stocks-squeeze-idUSL5N0B8BXE20130221

« Older Entries Recent Entries »