Mining News: NICKEL
By MiningNews.net,
January 29, 2010 at 11:10 AM -
PERMALINK
AN unexpected rise in the nickel price overnight was not enough to bolster nickel companies on the Australian market, with Poseidon Nickel the sole survivor. You are not logged in or not authorised to view this page. Get Your FREE 30 Day Trial Now! First
By InfoMine - CompanyProperty Mine,
January 29, 2010 at 8:00 AM -
PERMALINK
Strzelecki Metals announced the signing of a new joint venture agreement with Tortuga Advisors (Private). Under the agreement Tortuga may earn up to 80% interest in the tenements by spending A$4 million on exploration over the tenements within five years.
By Yahoo! Canada,
January 28, 2010 at 9:50 PM -
PERMALINK
BEIJING--(BUSINESS WIRE)--Beijing Songshanheli Mining Investment Co. Ltd, a private Chinese mining company, is pleased to announce the signing of a joint venture agreement with Jinchuan Mining (JNMC) for a strategically located group of prospecting
By Mineweb,
January 28, 2010 at 7:54 AM -
PERMALINK
The Chinese mining company has agreed to partner with the Toronto-listed junior's Kabanga properties in Tanzania located near Barrick/Xstrata deposit
By Proactive Investors.co.uk,
January 28, 2010 at 5:56 AM -
PERMALINK
Hemisphere Resources (ASX: HEM) is actively exploring for gold, nickel and other metals with the aim of becoming a successful producer. The company won a ballot for a keenly contested Pilbara Iron Tenement, E47/2110 of some 30sq km is located in the
By FinanzNachrichten.de,
January 27, 2010 at 7:38 PM -
PERMALINK
TORONTO, Jan 27 (Reuters) - Tanzanian Royalty Exploration , a Toronto-listed metals explorer, said on Wednesday that China's Jinchuan Mining has agreed to become a partner in the junior's Kabanga nickel properties in northwestern Tanzania. Jinchuan will
By Mining Technology,
January 27, 2010 at 10:56 AM -
PERMALINK
Vale’s Canadian unit Vale Inco will restart nickel mining and milling activities at Canada’s Voisey’s Bay using miners that have not taken part in a United Steelworkers (USW) Strike. The move to restart output comes after the company and the USW
By InfoMine - CompanyProperty Mine,
January 27, 2010 at 8:00 AM -
PERMALINK
Metallica Minerals announced updated resource estimate has been completed for the Kokomo Nickel, Cobalt, Scandium and Laterite deposit, which is located 40 km north of the Township of Greenvale in North Queensland, Australia. The combined Measured, Indicated and Inferred Mineral Resource for the entire Kokomo Ni – Co – Sc laterite project now stands at 16.3 Mt @ 0.67% Ni and 0.12% Co (using a 0.70% NiEq cut-off) this is an increase of 4.1 Mt from the 2008 resource estimate.
By InfoMine - CompanyProperty Mine,
January 27, 2010 at 8:00 AM -
PERMALINK
Tanzanian Royalty Exploration announced that Jinchuan Mining, has agreed to participate in the exploration and development of the Company’s Kabanga nickel properties in northwestern Tanzania. The Chinese joint venture partners will hold the right to earn a 100% interest in the Kabanga nickel properties for time-sensitive payments including staged exploration expenditures and a 30-year 3% net smelter royalty in favour of Tanzanian Royalty upon achieving commercial production.
By InfoMine - CompanyProperty Mine,
January 27, 2010 at 8:00 AM -
PERMALINK
Crowflight Minerals announced the company has received a non-binding expression of interest from Pala Investments Holdings regarding the direct or indirect acquisition of the Bucko Lake Nickel Mine and certain surrounding exploration areas in the Thompson Nickel Belt, including the M11A and Apex deposits. In addition, the company announced a financing to raise gross proceeds of CAN$15,000,000 by issuing 93,750,000 common shares at CAN$0.16 per share.
By Stock Markets Review,
January 25, 2010 at 10:51 AM -
PERMALINK
Contributed by Nirmal Bang MARKET ROUNDUP Industrial metals ended lower on Friday with exception to Copper as fund buying gathered steam after prices of the metal fell to one-month lows on concerns over potential Chinese monetary tightening and proposed
By Northern Ontario Business,
January 24, 2010 at 9:35 AM -
PERMALINK
FNX is reporting the discovery of mineral deposits on its Victoria property in the Totten area in Worthington, near Sudbury. Â FNX Mining Co. Inc. has discovered wide, high-grade deposits of nickel, copper and precious metals at its Victoria property
By Philippine Daily Inquirer,
January 23, 2010 at 12:15 AM -
PERMALINK
OLONGAPO CITY-At least seven cargo trucks carrying nickel ore have been held by a team of the Provincial Mining Regulatory Board (PMRB) due to non-declaration and non-payment of fees to the Zambales government. The load, owned by DMCI Mining Corp.
By Dan Oancea,
January 21, 2010 at 11:15 PM -
PERMALINK
A mineral deposit that matter is a deposit that helps you make money regardless of the economic cycle - has a long life and it has an impact on the global supply. Supply-demand gaps are going to develop for most of the metals in the next 5-30 years and we need to be smart with our exploration money and spend them only on projects that matter.
By Minesite,
January 21, 2010 at 10:25 PM -
PERMALINK
By Charles Wyatt When we last wrote about Rusina Mining in May last year, things did not look too bright for the company. Once-upon-a-time, Rusina was a great favourite in London. But the fall in the nickel price, when the world fell out of bed at the
By InfoMine,
January 21, 2010 at 8:14 PM -
PERMALINK
International Nickel Ventures Corporation provided guidance on the Corporation’s 2010 operating budget and exploration program. The Corporation’s unaudited cash balance as at December 31, 2009, was approximately $13.6 million. The Corporation’s
By CAW,
January 21, 2010 at 8:07 PM -
PERMALINK
HomeNews & Events Current News CAW Mine/Mill Local 598 members who work at Xstrata Nickel in Sudbury, Ontario have voted overwhelmingly in favour of strike action, if needed, in a series of membership meetings on January 13. Local 598 members at the
By China Mining,
January 21, 2010 at 3:52 AM -
PERMALINK
China Nickel Resources Holdings Co Ltd plans to invest $220 million in a new steel factory in South Kalimantan, on Indonesia's Borneo island, Industry Minister MS Hidayat said on Wednesday. The plant will have the capacity to produce 500,000 tonnes of
By InfoMine,
January 20, 2010 at 4:55 PM -
PERMALINK
FNX Mining Company reported that recent drilling at the Victoria property has discovered a new mineralized environment containing wide widths of mining-camp grade nickel, copper and precious metal mineralization within multiple mineralized zones
By London Evening Standard,
January 20, 2010 at 12:41 PM -
PERMALINK
BHP Billiton today gave an optimistic outlook for commodities, helped by strong sales of iron ore to China, and set the bar higher for this year. The London-listed company highlighted price recoveries across iron ore, copper, aluminium and nickel in the
By Business Financial Newswire,
January 20, 2010 at 9:48 AM -
PERMALINK
BHP Billiton has set another half year production record for petroleum, iron ore, nickel and zinc. But the firm says it expect some degree of volatility in the short term outlook for its commodities. Half year production records were achieved at Western
By Mineweb,
January 20, 2010 at 6:58 AM -
PERMALINK
In an upbeat outlook, BHP highlighted hefty price recoveries across key commodities, from iron ore and copper to aluminium and nickel, in the December quarter
By Australian Mining,
January 20, 2010 at 1:20 AM -
PERMALINK
Nickel compacts from BHP's Yabulu Refinery in Queensland. BHP Billiton set new production records for iron ore, nickel and zinc in second half of last year, thanks to the completion and expansion of several projects. The company's half-year production
By West Australian,
January 19, 2010 at 11:31 PM -
PERMALINK
The world's biggest miner BHP Billiton has reported a surge in fourth-quarter production volumes, with another record for iron ore. BHP said half-year production records were set for petroleum and iron ore. Nickel and zinc also had record half-year
By Brisbane Times,
January 19, 2010 at 10:58 PM -
PERMALINK
The world's biggest miner, BHP Billiton, has reported a surge in fourth-quarter production volumes, with another record for iron ore. BHP said half-year production records were set for petroleum and iron ore. Nickel and zinc also had record half-year
By Brisbane Times,
January 19, 2010 at 10:57 PM -
PERMALINK
The world's biggest miner, BHP Billiton Ltd, has reported a surge in fourth-quarter production volumes, with another record for iron ore. BHP said half-year production records were set for petroleum and iron ore. Nickel and zinc also had record half-year
By Dan Oancea,
January 19, 2010 at 9:04 PM -
PERMALINK
A mineral deposit that matter is a deposit that helps you makes money regardless of the economic cycle - has a long life and it has an impact on the global supply.
Forecasts are that supply-demand gaps are going to develop for most of the metals in the next 5-30 years and we need to be smart with our exploration money and spend them only on projects that matter.
Zinc: Cam Allen told us that the supply-demand gap (2012 and beyond) should keep the zinc price to $0.65 to $1. In the 2010-2015 interval numerous mines are going to be closed down Skorpion, Lisheen, Brunswick, Broken Hill included. For 2015 the gap is forecasted at 3 Mt.
Focus should be on SEDEX and CRD/skarn deposits as they offer a better chance of success in finding big size deposits. But if you plan in going out for SEDEX then first update your knowledge as nowadays we have a better understanding of where to look for them and of the processes and mechanisms that led to their genesis. The Australians are good at that because they are endowed with many of this type of deposit. Also read GSC (Sullivan, Selwyn Basin), USGS (Red Dog), and AMIRA/CODES.
SEDEX future lies in the Russian Far East (good geology and no exploration); fringes of the Zambian Copper Belt; and, the Chinese Langshan and Qinling (no hole in the last 30 years).
We also had Dave Peck covering Nickel – historical perspective, sulphides and non-sulphides (laterites) and metallurgy.
Historical nickel production came from low sovereign risk countries, long life mining operations, there was little speculative investment and prices were linked to the development of the Western World. And there were only a few important producers.
When nickel prices peaked back in 2007 we witnessed an explosion of juniors and investment money flooded the market. Nowadays juniors remain dominant players and they are involved in everything from exploration to mining.
Discovery tools that would help you in finding the next fat one would be gravity gradiometers, heli-borne time domain EM, 3D inversions and multi-element chemical analyses.
No major Ni sulphide discoveries were made but we had many smaller lucky strikes in well known basins/structures.
As for the price of nickel you know that the shiny metal goes where China goes. And the stainless steel demand, of course. And it looks like when LME stockpiles reach four weeks of inventory that’s kind of a tipping point and prices head down a notch.
Recipe for success when exploring for nickel: one would need persistence, low cost drilling and confidence in the geological model. Prospective areas include Brazil and SE Asia. And of course don’t forget that nickel is increasingly sourced from laterites and not sulphides. And laterites are easy to find and explore but they come with some other problems attached – country risk, environmental problems, etc.
Where to put your risk money? On companies exploring known Ni-PGE-Cu sulphide districts. Yeah, you got it right -it’s the PGMs and copper those add value and reduce risk there.
Uranium was discussed by Dan Brisbin. Many historical references were made as uranium is a special commodity influenced by politics, military, and civilian uses. Bottom line is that we need it to generate electricity if we want to ride a green wave.
Nowadays the supply/demand gap is filled with secondary U sources that are being drawn down. Peak uranium prices coincided with the largest exploration expenditures that were made in 1978-1979.
Top uranium deposits ranking by size - could be surprising for some people as the first two positions are occupied by huge shale and phosphate deposits while the renowned Olympic Dam makes it only on the third spot.
Unconformity and sandstone hosted uranium deposits provide the bulk of the uranium mined today (close to 50%).
A new development in exploration is that we see uranium veins on faults extending down into the basement below the unconformity. Geophysical imaging of these non-conducting deposit types is something that preoccupies Cameco, the uranium specialist.
The run up in uranium price provided for huge exploration expenditures made by juniors around the world. No new mine opened last year.
In the near future drivers for uranium would include depletion of deposits and stockpiles, new nuclear reactors and undesirability of fossil fuels.
In average electricity demand goes up 2% every year. Estimations are that by 2030 uranium may provide 17% of the world’s power needs.
To be continued …
By Proactive Investors.co.uk,
January 19, 2010 at 11:15 AM -
PERMALINK
BHP Billiton plc is a diversified natural resources company producing alumina and aluminum, copper, coal, iron ore, nickel, manganese, oil and gas and uranium, as well as gold, zinc, lead, silver and diamonds. BHP Billiton (LSE: BLP, ASX: BHP), the
By AEC News Room,
January 19, 2010 at 10:49 AM -
PERMALINK
SUGAR LAND, TX -- (Marketwire) -- 01/19/10 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- After seven years of delays, Kennecott Eagle Minerals Company (Ishpeming, Michigan), a subsidiary of Rio Tinto (NYSE:RTP) (London, England), last
By Mineweb,
January 19, 2010 at 8:23 AM -
PERMALINK
Australia's biggest laterite nickel and cobalt miner and refiner, the Murrin Murrin project in Western Australia's north eastern goldfields produced a December quarter result that would have quelled the ulcers of nervous investors.
By InfoMine,
January 18, 2010 at 7:58 PM -
PERMALINK
Aura Energy announced that the drilling program to define the first compliant uranium resource in the Storsjön Uranium- Molybdenum-Vanadium-Nickel Project, Sweden, has commenced.
By InfoMine,
January 18, 2010 at 7:58 PM -
PERMALINK
Avanco Resources announced the completion of geophysical and geochemical exploration programs at the Touro Nickel prospect, located within the boundaries of the Trindade South property in Brazil. The results have outlined strong and coincident nickel,
By InfoMine,
January 18, 2010 at 7:57 PM -
PERMALINK
Poseidon Nickel announced the next stage of its exploration program at its Windarra Nickel Project, Western Australia, with the intent of following up on its new massive nickel sulphide Cerberus ore body discovery.
By Proactive Investors.co.uk,
January 18, 2010 at 10:16 AM -
PERMALINK
China Steel Australia (ASX:CNH) has reported that increased demand from Chinese customers has resulted in the company achieving 100 per cent production capacity. The company produces both nickel pig iron and merchant pig iron at its plant near the
By Proactive Investors.co.uk,
January 18, 2010 at 6:32 AM -
PERMALINK
China Steel Australia (ASX:CNH) has reported that increased demand from Chinese customers has resulted in the company achieving 100 per cent production capacity. The company produces both nickel pig iron and merchant pig iron at its plant near the city
By Canadian Mining Journal,
January 17, 2010 at 6:42 AM -
PERMALINK
AutoServiceWorld.com Bodyshop Broadcaster Brownfields Marketplace Building Canadian Interiors Cabling Networking Systems Canadian Architect Canadian Industrial Equipment News Canadian Underwriter Canadian Consulting Engineer Canadian Plastics Canadian
By Canadian Mining Journal,
January 17, 2010 at 6:42 AM -
PERMALINK
ONTARIO — Eight of nine recent drill holes at the Big Daddy chromite deposit in the Ring of Fire encountered chromite mineralization in excess of 35% Cr2O3 over significant widths. The news was made public by partners Freewest Resources of Montreal
By Steel Guru,
January 16, 2010 at 10:39 PM -
PERMALINK
Although global demand for nickel has fallen for three consecutive years, a recovery in the global economy should follow through to see consumption of increase in 2010. Roskill forecasts nickel consumption will increase by around 7% in 2010. The rise in
By Stock Markets Review,
January 15, 2010 at 3:51 PM -
PERMALINK
Contributed by Nirmal Bang MARKET ROUNDUP Industrial metals ended little changed on Thursday, but remained poised to trend higher as concerns receded about potential monetary tightening in China, with investors regaining confidence demand would forge on
By Mineweb,
January 15, 2010 at 12:04 PM -
PERMALINK
Executive summary from the latest detailed Roskill analysis of the global nickel sector suggests a good pick up in demand this year with prices to remain stable.
By InfoMine,
January 15, 2010 at 4:08 AM -
PERMALINK
Nortec Minerals announced that it has received positive metallurgical test results from representative core samples taken from the Kaukua Main Zone within the LK Palladium–Platinum-Gold–Copper-Nickel project located in North Central Finland. The
By Proactive Investors.co.uk,
January 14, 2010 at 11:01 PM -
PERMALINK
The fallout from the financial crisis that afflicted the world economy has seen nickel prices fluctuate wildly. LME prices peaked at just over US$52,000/t in May 2007, on the back of strong demand and low stocks, but had fallen by over 80% by the end of
By KCBA Fox 35,
January 14, 2010 at 10:52 PM -
PERMALINK
Michigan regulators have given final approval for construction and operation of a bitterly contested nickel and copper mine in the Upper Peninsula.
By InfoMine,
January 14, 2010 at 4:34 PM -
PERMALINK
South Boulder Mines announced that additional 1m re-sampling results which have demonstrated that +2% Nickel with associated Copper-Platinum Group Element sulphides has been intercepted over ~350m strike length at the Rosie Prospect. Final 1m resample
By Sharenet,
January 14, 2010 at 1:49 PM -
PERMALINK
* Aluminium stocks fall; nickel stocks hit new record (Updates official prices, adds detail) LONDON, Jan 14 (Reuters) - Copper was steady on Thursday as easing fears over potential monetary tightening in China underpinned prices, while a stronger dollar
By OfficialWire,
January 14, 2010 at 3:30 AM -
PERMALINK
The survey provides information on major trends in Russia's non-ferrous metals industry in 2008-2009, reserve base, production, exports, industry's holding structure, performance of key industries in financial crisis environment (aluminum, nickel,
By InfoMine,
January 13, 2010 at 10:57 PM -
PERMALINK
Terrain Minerals reported a RC drilling program totalling 2,691m, in nine holes was completed to test four IP anomalies at the Aztec Dome nickel prospect. Drill hole AZRC 009 intersected 143m wide zone from 81m of anomalous nickel values (up to 0.25%),
By Zibb,
January 13, 2010 at 5:39 PM -
PERMALINK
Research and Markets (http://www.researchandmarkets.com/research/090ec6/norilsk_nickel_gm) has announced the addition of the "Norilsk Nickel (GMKN): Company, Industry and Country Update" report to their offering. This report provides analyst comment on
By RBC Dain Rauscher,
January 13, 2010 at 8:12 AM -
PERMALINK
Geologists have known for decades that there's plenty of copper, nickel, gold and other minerals under northern Minnesota forests, but most of it wasn't considered worth the cost to dig it up. Until now. Today the Minnesota Department of Natural
By Investegate,
January 13, 2010 at 7:11 AM -
PERMALINK
RUSINA MINING NL (the "Company") DSO Update As reported in the most recent Quarterly Operations Report the Company has been in discussions with DMCI Mining Corporation over the possibility of resuming some selective shipments of nickel laterite ore from
|