Philippine tycoon says bigger mining areas key to riding EV boom

The Philippines should have bigger mines to encourage investment in the downstream sector, according to tycoon Manuel Pangilinan, who says the resource-rich Southeast Asian nation should take advantage of brisk demand for electric vehicles.

BHP says nickel faces “difficult multi-year run”

BHP Group on Tuesday logged first-half underlying profit that slightly beat analyst expectations, buoyed by strong iron ore prices, and said inflationary impacts were receding.

Rusal to add Abramovich to lawsuit against Potanin over nickel miner pact

Aluminum giant Rusal obtained permission by a London court on Friday to add Russian billionaire Roman Abramovich and his firm Crispian Investments Ltd as defendants in the case against Vladimir Potanin, CEO of Nornickel.

Indonesia, Vale agree price for divestment, minister says

Indonesia and Vale Base Metals have concluded negotiations and agreed to a price for the portion of shares the miner will sell in its Indonesian unit, the mining minister said on Friday.

Indonesia names two Chinese nationals as suspects in nickel fire

Indonesia named two Chinese nationals as suspects in an investigation into a deadly blast at a nickel smelter owned by top producer Tsingshan Holding Group.

Glencore to sell stake in troubled New Caledonia nickel operation

Glencore said on Monday it will close and sell its stake in the loss-making Koniambo Nickel SAS business it co-owns in New Caledonia, as a sharp drop in the metal’s prices continues to hit the industry.

Canada Nickel plans to raise $1 billion for processing plant

Canada Nickel Co on Thursday said it is looking to raise $1 billion to build a nickel processing plant, as it seeks to position itself as an alternative supplier of the metal used in car and electric battery vehicles.

Nickel price extends slump on Indonesian glut as metals hit by Fed

Nickel extended a year-long slump as rising Indonesian supplies help create a glut, while other base metals declined on reduced bets that the Federal Reserve will cut interest rates next month.

Sumitomo cuts nickel output forecast in Madagascar due to system glitches

Japanese trading house Sumitomo Corp on Monday slashed its output estimate of nickel at its Ambatovy project in Madagascar due to system glitches.

France extends New Caledonia nickel rescue talks

France will continue talks until the end of February to save New Caledonia’s nickel industry, the finance ministry said on Monday, after failing to reach a deal last month to fill a massive funding shortfall for the territory’s nickel processors.

Trafigura-backed nickel mine seeks new partner for bailout

A major nickel operation backed by Trafigura Group will need support from a new investor after the trading giant declined to contribute more funds as part of a French government rescue package for the struggling New Caledonian mining industry.

South32 hits IGO with $80 million royalty lawsuit

South32 (ASX: S32) is taking battery metals producer IGO (ASX: IGO) to court over royalty payments worth A$122.1 million ($80.2 million) it claims to be owed, related to the Tropicana gold mine in Western Australia.

Vale’s 2023 iron ore output tops guidance, but sales fall

Vale’s iron ore production grew 4.3% in 2023, topping the Brazilian miner’s estimate for the year, while shipments of the commodity fell slightly, the company said on Monday.

Australian mining group pushes govt for tax credit as lithium, nickel prices slump

An Australian mining association has called for a new production tax credit during meetings with senior ministers called as nickel and lithium miners curtail projects and review new mines in response to a global slump in prices.

Nickel prices keep slumping even as mines close

Nickel futures continued to edge lower on the London Metal Exchange, despite a slew of announcements by companies cutting production in response to a collapse in prices.

Australian tycoon Forrest shuts nickel mines after prices crash

Wyloo Metals Pty Ltd., the private nickel producer owned by billionaire Andrew Forrest, is shutting down its Western Australian mines due to a sharp slump in prices for the key transition metal.

BHP flags possible writedowns at nickel unit on low prices

BHP Group said on Thursday it was reassessing the value of its nickel operations after a price slump, in a move that could lead to writedowns amid an oversupply of the metal used in electric vehicle batteries.

Vale BM says decision to merge Canada nickel ops with Glencore a priority

Mining News Pro - Vale Base Metals (VBM) is prioritizing a decision on whether to combine its nickel operations in Canada’s Sudbury basin with those of Glencore this year, a move that could reduce costs for both companies, its chairman said.

Fatal blast in Indonesia puts battery metal ambitions in spotlight ahead of presidential vote

Mining News Pro - Some 200 million Indonesians will vote for a new leader next month. The three campaigns still in the running have all backed the government’s policy on so-called downstreaming. But the Morowali disaster has thrown up criticisms of the price paid.

Aneka Tambang sells shares of subsidiaries to world’s biggest EV battery company

Mining News Pro - Indonesian miner Aneka Tambang has sold shares worth $467.18 million in two of its subsidiaries to a unit of the world’s biggest electric vehicle battery maker, China’s Contemporary Amperex Technology Co (CATL).

Nickel is year’s biggest metals loser, copper manages small gain

Mining News Pro - In a mostly lackluster year for metals trading, nickel emerged as the worst performer and might not see a reprieve anytime soon.

Nickel is year’s biggest metals loser, copper manages small gain

Mining News Pro - In a mostly lacklustre year for metals trading, nickel emerged as the worst performer and might not see a reprieve anytime soon.

Death toll at Indonesia smelter fire rises to 18, operation halted

The death toll from a fire at an Indonesian nickel smelter has risen to 18 as of Tuesday from 13 on Sunday, local police said, while operations at the smelter remain suspended as authorities investigate the cause of the incident.

Gates, Bezos-backed KoBold Metals in four-continent quest for lithium

Mining News Pro - KoBold Metals, backed by a coalition of billionaires including Bill Gates and Jeff Bezos, has launched a four-continent search for deposits of lithium, the coveted metal used in batteries that power electric vehicles and high-tech devices.

South32 yet to invoke force majeure in Colombia

Mining News Pro - South32 Ltd. told contractors and suppliers at its Colombian nickel operations to scale back to essential activities as community protesters block the movement of people and supplies to the giant open pit mine and smelter.

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