Nickel

Sherritt International's Ambatovy nickel-cobalt mine in Madagascar. Credit: Sherritt International

Sherritt hit by low nickel prices at Ambatovy

Sherritt International (TSX: S) is bracing for a $1.6-billion non-cash impairment at its Ambatovy nickel-cobalt mine in Madagascar due to lower nickel prices, months after it cancelled its quarterly dividend for 2015 and 2016 to reduce…



Trevali Mining's Caribou zinc-lead-silver mine in New Brunswick, which is approaching commercial production. Photo by Salma Tarikh.

Scotiabank’s Pat Mohr on metal prices, China demand

Extremely challenging market conditions will persist for some time, but the resource sector can look forward to supply-side tightness in the medium-term, along with better metal prices, Pat Mohr, a vice-president and economics and commodity…


A driller at Wolfden Resources' Rice Island nickel-copper project in Manitoba. Source: Wolfden Resources

Wolfden hunts for nickel in Manitoba

VANCOUVER — When nickel giant Vale (NYSE: VALE) dropped its claims over the Rice Island nickel and copper project in the highly prolific Flin Flon–Snow Lake mining district of Manitoba in May, junior explorer Wolfden Resources…


TSX falls, Sept. 21-25

Anxiety about global growth soured investor appetite for risk, with data showing Chinese factory activity shrank to a six-and-a-half-year low in September, while U.S. manufacturing growth in the same month stayed at a two-year low. 




Wallbridge Mining's Broken Hammer copper-nickel-PGM mine near Sudbury, Ontario. Credit: Wallbridge Mining

Wallbridge lures Lonmin to Parkin project

South Africa-based Lonmin (LSE: LMI), one of the world’s largest primary producers of platinum group metals (PGMs), has signed an option agreement to earn a 50% initial interest in Wallbridge Mining’s (TSX: WM) four Parkin…


Three geologists look toward the Voisey's Bay  open pit mine. Photo by Joshua Duggan (CC 2.0).

Vale green-lights underground mine at Voisey’s Bay

The natural resources industry of Newfoundland and Labrador — beaten down as it is by the steep decline in iron ore and oil prices — has received a most welcome board-level confirmation from Vale that it will indeed pursue…



Looking west along a trans-lithospheric fault of the Garder-Voisey's Bay system on Equitas Resources' Garland nickel property in Labrador. Source: Equitas Resources

Equitas hunts next Voisey’s Bay

Junior Equitas Resources (TSXV: EQT; US-OTC: EQTRF) has kicked off a second phase of exploration at its Garland nickel-copper-cobalt property in Newfoundland and Labrador, with the hope of discovering deeper Voisey’s Bay-style…



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