Western Areas managing director Dan Lougher says the Glencore-Xstrata merger could be the catalyst for a wave of acquisition activity in the WA nickel sector this year, with the new global giant primed to gobble up a number of local assets.
Copper in London jumped by the most in almost a month on expectations that a recovering Chinese economy will boost demand from the largest user. Aluminum, zinc, lead, nickel and tin also advanced.
http://www.bloomberg.com/news/2012-12-27/copper-in-london-gains-most-in-a-month-on-china-demand.html
The former CEO of the world’s largest nickel and palladium producer Norilsk Nickel Vladimir Strzhalkovsky will receive record compensation when he gives up his seat on the board to billionaire Vladimir Potanin on Monday.
Strzhalkovsky will receive half the sum immediately with the remainder coming in two equal parts during 2013, Vedomosti daily says referring to their sources
http://rt.com/business/news/norilsk-nickel-strzhalkovsky-potanin-047/
As more analysts added their voice to the chatter about BHP Billiton divestments, it appears the Big Australian’s WA nickel assets are safe for now.
http://au.news.yahoo.com/thewest/a/-/breaking/15634923/bhp-nickel-assets-safe/
LONDON, Nov 30 (Reuters) – Nickel prices may see a short-term lift over the next several months due to a seasonal rise in demand for stainlesssteel, but next year’s outlook is burdened by another market surplus.
http://www.reuters.com/article/2012/11/30/metals-nickel-outlook-idUSL5E8MN6LA20121130
Report of the Processing of Nickel Ores and Concentrates ’12 available on the following link.
http://min-eng.blogspot.co.uk/search/label/Conference%20Diaries
(Reuters) – Vale’s Indonesia unit (INCO.JK), the largest nickel producer in the country, is willing to increase its royalty payments in a renegotiated contract with the government, Chief Executive Nicolaas Kanter said on Friday.
http://www.reuters.com/article/2012/09/21/us-indonesia-mining-vale-idUSBRE88K0LJ20120921
Russian companies UC Rusal, the world’s biggest aluminium producer, and Norilsk Nickel, a global mining and metallurgical company, plan to build smelters in Indonesia, a government minister says.
http://www.thejakartaglobe.com/business/russian-firms-set-to-invest-in-indonesia/544478
(Reuters) – Madagascar has signed an operating permit allowing Canada’s Sherritt International Corp and partners to begin production at the Ambatovynickel mine, its government said on Thursday.
http://in.reuters.com/article/2012/09/13/madagascar-mining-idINL5E8KDIZA20120913
Santo Domingo. – The mining company Xstrata Nickel Falcondo will shutter Dominican Republic operations in less than five years if it doesn’t get the go ahead to exploit Loma Miranda, in central La Vega province, senior executives warned Thursday.
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