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Glencore Advances First Tranche of $30m Loan to PolyMet

TSX- and NYSE MKT-listed PolyMet Mining has received the first tranche of $6-million under a $30-million loan facility due on March 31, 2016, giving the project developer about $10.3-million working capital to advance its NorthMet copper/nickel/precious metals...

Monday, October 12, 2015

BHP to Cut 37 Jobs at Kambalda Concentrator

Mining giant BHP Billiton will cut some 37 staff from its Kambalda concentrator, in Western Australia, as third-party providers cut ore supply.

Saturday, October 10, 2015

Panoramic Ups the Nickel Resource at Savannah

Nickel miner Panoramic Resources has lifted the resource of its Savannah project, in Western Australia, by 54400t.

Saturday, October 10, 2015

Western Areas Completes Cosmos Buy

ASX-listed Western Areas has completed the A$24.5-million acquisition of the Cosmos nickel complex from diversified miner Glencore’s Xstrata Nickel Australasia Operations subsidiary.

Friday, October 9, 2015

Mincor Warns of Mothballing if Prices Don’t Improve

Nickel miner Mincor Resources has warned it may suspend operations at its Miitel and Mariners mines, in Western Australia.

Friday, October 9, 2015

Glencore Fightback Over Debt Fears Lifts Shares

Glencore said on Tuesday it was strong enough to ride out current volatility in commodity market, helping to lift the mining group’s shares by a fifth.

Wednesday, September 30, 2015

Horizonte Acquires Glencore’s Brazil Nickel Project for $8m

Horizonte Minerals said on Monday that it had bought Glencore’s Araguaia nickel project in Brazil for $8-million.

Tuesday, September 29, 2015

Mirabela Goes Into Administration

ASX-listed Mirabela Nickel on Friday announced the appointment of administrators as tough market conditions persisted.

Friday, September 25, 2015
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