Junior nickel and gold explorer St George Mining has entered into a binding agreement with diversified miner BHP Billiton’s Nickel West division, to acquire the Hawaii and Mt Alexander North nickel projects, in Western Australia.
Diversified mining and marketing company Glencore is taking steps to raise $2.5-billion worth of equity capital by placing shares with existing and new institutional shareholders as well as directors and employees.
Nickel miner Poseidon Nickel is developing an alternate strategy for its Silver Swan project after a sales agreement with Caeneus Minerals fell through.
PT Antam Tbk, Indonesia announced at the end of last week that the expansion project for Pomalaa plant was completed at the end of July, and No.5 oxygen plant as part of this project started operation.
It is expected that base-metals miner First Quantum Mineral’s Enterprise nickel mine will start operation later this year or in 2016, depending on nickel market conditions.
The Zambian mining sector is reeling from the effects of the global commodity-demand slowdown, which is mainly attributed to lower demand from China, and lower copper prices, says strategy and communications consultancy africapractice regional analyst Sinethem...
According to the United States Department of commerce statistics data released that US’s nickel scrap exports reached 2044 tons in July this year, an increase of 8.3% year on year. In January-April, US’s nickel scrap exports totaled 15,111 tons.