Norilsk Nickel: Lossmaking Miners Must Cut Nickel Output
The Financial Times reported that Pavel Fedorov, vice president of major nickel producer Norilsk Nickel (MCX:GMKN), has warned that nickel prices are unlikely to rise unless “lossmaking producers start to shut mines and close production.” |
Mincor Unveils Growth Strategy As It Waits for Nickel Price Recovery
Nickel firm Mincor Resources on Thursday revealed a two-pronged growth strategy which would take advantage of the current high gold price and a future recovery in the nickel price. The miner, which suspended operations at its Mariners and Miitel mines, in West... |
New Caledonia May Allow Nickel Exports to China as Price Tumbles
New Caledonia is weighing lifting restrictions on the sale of nickel ore to China as world prices for the metal tumble and the future of a key Australian customer is in doubt. New Caledonia has long resisted selling ore directly to large consuming countries su... |
Palmer Resumes Management Control of Embattled Queensland Refinery
Palmer Resumes Management Control of Embattled Queensland Refinery |
Huge Minnesota Copper-Nickel Mine Clears Environmental Hurdle
Minnesota is on its way to developing its first copper-nickel mine, with the state's Department of Natural Resources deciding last week to approve a complex environmental analysis of the project. |
Ontario Geological Survey Turns 125
The Ontario government on Sunday celebrated the 125th anniversary of establishing the Ontario Geological Survey (OGS), celebrating the agency’s accomplishments that had helped document the geology of the province and provide modern, independent and credible g... |
Clive Palmer's Queensland Nickel begins closing temporarily over lack of ore
Clive Palmer's Queensland Nickel has begun shutting down temporarily because of a lack of ore to process. |
Vale Posts Record Loss to Sell Core Assets
Brazil’s mining giant Vale (NYSE:VALE) reported Thursday its deepest quarterly net loss ever, becoming at the same time the first of the three largest iron ore producers to put some of its core assets up for sale. |
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