Nickel ore shipments to Indonesia from the Philippines are expected to surge this year to meet demand from Chinese-owned refineries affected by Jakarta’s curbs on domestic production, according to the head of a Philippine miner.
URU Metals has confirmed the presence of thicker, higher-grade nickel/copper/platinum group metals horizons beneath the historic openpit resource of the Zeb nickel project, in South Africa’s Limpopo province.
Diversified mining company South32 on Monday announced a binding agreement to divest its Cerro Matoso operation to a subsidiary of CoreX Holding, as part of a strategic response to structural changes in the global nickel market.
Gold and antimony project developer Perpetua Resources said on Friday it had submitted a formal application to the Export-Import Bank of the United States (Exim) for up to $2-billion in debt financing to fund construction of its Stibnite project, in Idaho.
Brazilian miner Vale is studying alternatives for its nickel portfolio including selling, making partnerships or putting assets in care and maintenance, as the market faces a challenging short-term scenario, its CEO said on Tuesday.
Critical metals developer URU Metals’ subsidiary Lesego Platinum Uitloop (LPU) has started a share issuance process to comply with South Africa’s Mining Charter empowerment regulations.
Western Mines Group has completed the mineral resource estimate (MRE) for its flagship Mulga Tank project – believed by the company to be the largest in Australia – in the eastern Goldfields of Western Australia.
One of the biggest nickel smelters in Indonesia has slashed production and is close to shutting down completely, just months after the collapse of its Chinese parent company.
Chinese firms control about 75% of Indonesia’s nickel refining capacity, raising concern over supply chain control and environmental risks, Washington-based global security nonprofit C4ADS has said in a report.
