Goro suspension pushes rising nickel price to two-year high
VANCOUVER — With nickel prices up almost 40% so far in 2014, a suspension at Vale’s (NYSE: VALE) Goro nickel–laterite mine in New Caledonia has pushed the price to a two-year high.
Nickel
[Update] Two drillers dead at First Nickel’s Lockerby mine
At First Nickel’s (TSX:FNI) underground Lockerby nickel-copper mine southwest of Sudbury, Ont., seismic activity that apparently preceded a fall in ground claimed the lives of two contract drillers: Marc Methe, 34, and Norm Bissaillon, 49.
Royal Nickel buys 25% of Sudbury Platinum for $1.5M
Toronto-based explorer Royal Nickel (TSX: RNX; US-OTC: RNKLF) has seen its shares climb more than 50% since April, when it gave an upbeat outlook on nickel prices and announced acquiring a minority interest in a private company that’s…
Anfield sells Mayaniquel to Cunico
VANCOUVER — Despite a resurgence in nickel prices — which hit a 14-month high on April 18 — it looked like junior Anfield Nickel (TSXV: ANF; US-OTC: ANCKF) was going to have trouble footing the US$950-million development…
The Crimean nickel effect
Where gold was once the key barometer for geopolitical bad news, lately nickel has been hogging the stage.
Ivanhoe unveils Platreef PEA as drills hit Ga-Madiba
VANCOUVER — Robert Friedland’s Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) is sitting on an impressive platinum group metals (PGM) resource at its Platreef property, situated 280 km northeast of Johannesburg, South Africa,. And the…
Activist shareholder criticizes Sherritt International
A Halifax-based investment company that owns shares in Sherritt International (TSX: S) is calling for a change at the Toronto-based company, which it accuses of making “ill-considered acquisitions” and dishing out…
Wallbridge to put Broken Hammer into production
Wallbridge Mining (TSX: WM; US-OTC: WLBMF) is building an open-pit mine in April at its Broken Hammer copper–platinum group metal project in Sudbury, Ont., and says production should start in June. Total capex is $1 million.
Are brighter skies ahead for nickel prices?
Chairman and CEO Patrick Buffet of French nickel and manganese producer Eramet is calling Indonesia’s recent ban on the export of unprocessed nickel ores “a positive step towards restoring market balance,” after the…
Anglo American making progress but still work to be done
This time of the year is normally referred to as ‘earnings season,’ as miners release their operational and financial results from the year before. But given the collective shock the industry has experienced in the form of slumping…
Casablanca urges Cliffs to spin off international assets
Shares in Cleveland-based Cliffs Natural Resources (NYSE: CLF) have been trading heavily since activist hedge-fund Casablanca Capital urged the company to spin off its international assets and implement other changes to boost…
Sherritt’s Ambatovy reaches commercial production
Fifteen months after Sherritt International (TSX: S; US-OTC: SHERF) and its partners first started shipping nickel and cobalt of commercial quality from the massive Ambatovy mine, the nickel–laterite operation in Madagascar has reached…