Antofagasta loses bid to revive Minnesota copper-nickel project
Mining News Pro - A US judge has rejected a bid by a subsidiary of Chilean mining company Antofagasta Plc to restore canceled mineral leases for a proposed $1.7 billion Minnesota copper and nickel mine, which the Biden administration had blocked over concerns it could pollute a major recreational waterway.
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Visit: 35
Indonesian nickel smelters turn to Philippines for ore as local supply tightens
Mining News Pro - Nickel smelters in top producer Indonesia are making rare purchases of ore from the Philippines to ease tight supplies, people familiar with the matter said, upending trade flows of the raw material and pushing up costs across the supply chain.
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Visit: 34
Nornickel plans to move some trading to Dubai
Mining News Pro - MMC Norilsk Nickel PJSC has established an office in Dubai, becoming the largest Russian metals and mining firm to set up in the United Arab Emirates following the Kremlin’s war in Ukraine.
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Visit: 43
Indonesia’s nickel prices surge amid probe into mining approvals
Mining News Pro - Prices of nickel ore in top global producer Indonesia have surged about 10% in recent weeks, say local buyers, after an investigation into mining quotas disrupted production of the metal used in stainless steel and batteries.
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Visit: 52
Nornickel plans to move some trading to Dubai
Mining News Pro - MMC Norilsk Nickel PJSC has established an office in Dubai, becoming the largest Russian metals and mining firm to set up in the United Arab Emirates following the Kremlin’s war in Ukraine.
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Visit: 41
LME’s proposal on coarse nickel powder needs more work on packaging
Mining News Pro - gathered for potential acceptance of coarse nickel powder as a LME nickel deliverable material was broadly supportive but pointed out challenges regarding the packaging.
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Visit: 44
Andrew Forrest’s private nickel vehicle flooded by IPO pitches
Mining News Pro - Wyloo Metals Pty Ltd., the private nickel miner owned by Australian billionaire and Fortescue Metals Group chairman Andrew Forrest, says it’s being inundated with pitches to take the company public.
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Visit: 67
China nickel producers look to London exchange in dash for profit
Mining News Pro - Chinese nickel producers are looking to list metal on the London Metal Exchange (LME), two China-based industry analysts said, as they seek improved access to global markets and rush to lock in profits while they boost output.
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Visit: 61
Indonesia’s EV mission will be trickier than just mining nickel
Mining News Pro - Indonesian President Joko Widodo is trying to set his nation on course to become a global hub of electric vehicle production. That won’t be an easy task.
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Visit: 50
First Quantum starts output at Africa’s biggest nickel mine
Mining News Pro - First Quantum Minerals Ltd. started production at what is set to turn into Africa’s biggest nickel mine, furthering Zambia’s aim of becoming a key supplier of battery metals for the electric vehicle revolution.
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Visit: 74
Indonesia nickel heartland wants to be greener link in EV chain
Mining News Pro - The company behind an industrial park in central Indonesia that is becoming a nickel production powerhouse says it is implementing measures to address growing environmental concerns over production of the commodity, a key component of stainless steel and batteries for electric vehicles.
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Visit: 35
Indonesia nickel heartland wants to be greener link in EV chain
Mining News Pro - The company behind an industrial park in central Indonesia that is becoming a nickel production powerhouse says it is implementing measures to address growing environmental concerns over production of the commodity, a key component of stainless steel and batteries for electric vehicles.
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Visit: 37
Nickel set to flood the LME, turning metal squeeze into glut
Mining News Pro - The nickel market is at a “turning point” with a wave of supply of the battery metal about to hit the London Metal Exchange and push down prices, according to strategists at Macquarie Group Ltd.
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Visit: 54
Alleged fraudster Gupta says Trafigura ‘devised’ nickel scheme
Mining News Pro - The man accused by Trafigura Group of being behind a $590 million nickel fraud finally responded to the allegations, claiming that Trafigura itself “devised and proposed” the scheme.
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Visit: 86
Wyloo looks for more nickel deals as it seals Mincor buy
Mining News Pro - Wyloo Metals, the privately held battery resources unit of Australia iron ore baron Andrew Forrest, sees room to grow in nickel as it closes out its A$750.3 million ($501.4 million) buyout of miner Mincor Resources, its CEO said.
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Visit: 51
LME’s nickel crisis: major developments since trading halt
Mining News Pro - Exchanges are in an uncomfortable wait for the outcome of a lawsuit by two financial firms against the London Metal Exchange for voiding nickel contracts, worried about possible curbs on their ability to react in crisis situations if the LME loses.
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Visit: 96
Glencore, carmakers lead $1bn acquisition of Appian nickel-copper mines in Brazil
Mining News Pro - Private equity firm Appian Capital Advisory is selling its wholly owned Atlantic Nickel and Mineração Vale Verde operations in Brazil to ACG Acquisition Company Limited (LON: ACG) for $1 billion cash, with capital coming from battery metals hungry actors, including Glencore (LON: GLEN) and Volkswagen.
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Visit: 126
Black Swan gets nickel resource upgrade
Mining News Pro - Poseidon Nickel’s Black Swan project in Western Australia has reported a 14 per cent increase in its average nickel grade.
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Visit: 67
LME fights to regain trust after last year’s nickel crisis
Mining News Pro - The embattled London Metal Exchange is still trying to rebuild faith in its nickel contract after an epic short squeeze last year, according to chief executive officer Matthew Chamberlain.
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Visit: 70
Nornickel board recommends no dividend for first time in 14 years
Mining News Pro - The board of Russian mining group Norilsk Nickel has recommended not paying dividends on its 2022 results for the first time in 14 years, citing “negative geopolitics”, but may consider paying interim dividends, the company said on Friday.
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Visit: 131
Philippines to woo investors in nickel ore processing
Mining News Pro - The Philippines is working to woo investment into its domestic nickel processing sector, the environment minister said on Thursday, as the resource-rich country looks to squeeze value out of its metals and minerals industry.
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Visit: 74
Horizonte closer to beginning production at Brazil nickel project
Mining News Pro - Horizonte Minerals (AIM, TSX: HZM) said on Monday it was on track to begin production at its Araguaia nickel mine in northern Brazil in the first quarter of 2024.
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Visit: 71
LME brokers see big gains in 2022 from volatility after nickel debacle
Mining News Pro - Most brokers and banks trading on the London Metal Exchange (LME) had a bumper year in 2022 in a highly-volatile market, but a provision by JP Morgan due to a nickel crisis weighed on its profits, according to results and industry sources.
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Visit: 147
Indonesia nickel giant lists at top of range raising $672 million
Mining News Pro - Metal and mining firm PT Trimegah Bangun Persada advanced in its Jakarta debut after raising 10 trillion rupiah ($672 million) in Indonesia’s largest initial public offering this year. The sale shed light on the growing investor appetite for the country’s electric-vehicle sector.
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Visit: 115
AQR leads 10 hedge funds suing LME over nickel trade debacle
Mining News Pro - AQR Capital Management formally filed a London lawsuit against the London Metal Exchange, joining nine other hedge funds in a series of claims targeting the exchange’s decision to cancel billions of dollars in nickel trades last year.
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Visit: 91