Nickel miner INCO sets aside $216 million for investment
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.
Tag Archives: Nickel
Sumitomo plans to increase electrolytic nickel production by 30 percent to 53,200 tons.
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.
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Vale Indonesia Blames Falling Nickel Price for Profit Dip
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.
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BHP hits a $4 billion nickel jackpot
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/
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BHP eyes $3.9bn nickel float
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.
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Finance deals put growing mountains of metal out of reach
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
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Xstrata achieves record thermal coal, nickel production
PERTH (miningweekly.com) – Swiss-listed diversified miner Xstrata on Tuesday reported record yearly thermal coal and refined nickel volumes for the year ended December, as well as the second consecutive quarter of record Australian zinc production.
http://www.miningweekly.com/article/record-thermal-coal-and-nickel-production-for-xstrata-2013-02-12
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Norilsk Nickel Plans To Invest RUB75.4Bn in 2013
Russian mining giant OAO Norilsk Nickel (GMKN.RS) has approved an investment program worth 75.4 billion rubles ($2.5 billion) in 2013, the company said in a statement Monday.
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BHP Says Alumina, Nickel Units Pressured, Spurring Sale Talk
BHP Billiton Ltd. (BHP), the world’s biggest mining company, said the high Australian dollar and weak prices are hurting its local alumina and nickel operations, spurring speculation of possible writedowns or asset sales.
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UN experts study effects of Xstrata nickel mine project in Dominican Republic
SANTO DOMINGO, Dominican Republic – A team of experts from the U.N. on Tuesday began evaluating a proposed nickel mine expansion in the Dominican Republic that has been halted by a court over environmental concerns.
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