Nickel Price Slumps to 12-year Low

Reuters reported that the nickel price hit its lowest level in 12 years on Tuesday on the back of concerns about high inventories. As of Tuesday, refined nickel inventories on the LME MNISTX-TOTAL were sitting at 437,334 tonnes, having risen 11 percent in the ...

Thursday, January 14, 2016

Sherritt Braces for C$1.6bn Impairment of Nickel Assets

Nickel miner and refiner Sherritt International Corporation has cautioned the market of an expected $2.4 billion impairment of the Ambatovy joint venture (JV) assets, in Madagascar, citing lower forecast nickel prices.

Thursday, January 14, 2016

Lundin Could Extend Life of Eagle Nickel in Michigan

Lundin Mining is developing a new nickel deposit that could extend the life of its Eagle nickel and copper mine in Michigan’s Upper Peninsula that ramped up to full production in 2015 and is expected to see output gradually decline from this year on, accordin...

Thursday, January 14, 2016

Planetary Resources Shows Off First-Ever Direct Metal Print from Asteroid Metals

Prospective space miner Planetary Resources has showcased the first-ever direct metal print from asteroid metals on Thursday at the Consumer Electronics Show, in Las Vegas, Nevada.

Wednesday, January 13, 2016

LME Trade Volumes Fall Over 4% in 2015 as China Growth Dims

Trade volumes on the London Metal Exchange fell 4.3% in 2015, data from the bourse showed on Friday, dented by slowing growth in Chinese demand for commodities.

Wednesday, January 13, 2016

KWG Looks Towards the East to Finance Its Proposed Ring of Fire Railway

KWG Resources is looking to the Far East to secure funding for its proposed 340 km rail corridor, which the project developer believes holds the key to unlocking the vast mineral wealth of the James Bay Lowlands of Northern Ontario.

Wednesday, January 13, 2016

Struggling Queensland Nickel Vows to Pay Workers

The management of embattled miner Queensland Nickel on Thursday said it was doing all in its power to ensure the company remained afloat, despite rumors to the contrary.

Friday, January 8, 2016

Indonesian Gov Would Postpone Its Concentrate Ban

A few days ago, Sudirman, the minister of Energy and Mineral Resources Department in Indonesia, claimed that the government would relax its regulations on concentrate export but maintain the original ore ban.

Thursday, January 7, 2016
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