Cornish Metals has signed a binding letter of agreement to sell its 100% interest in the Nickel King and Opescal Lake properties (together called Nickel King Property) to Northera Resources for a total consideration of up to C$8m ($5.8m).

New Caledonia’s nickel processing industry remains at a virtual standstill after weeks of unrest in the southern Pacific territory, with Eramet-owned SLN keeping its smelter at minimum capacity and Prony Resources halting its plant.

Nornickel’s flagship enterprise is undergoing a large-scale reconstruction of its pyrometallurgical production, which will significantly improve the reliability of the technological process.

Premium Nickel Resources (TSXV: PNRL) has upsized its non-brokered equity financing to C$27.5 million ($20m) to be spent at its projects in Botswana. The financing was originally announced on June 5 for C$15 million ($10.9m).

Indonesia has issued an annual nickel ore output quota of around 240 million metric tons for the next three years, its Energy and Mineral Resources Minister Arifin Tasrif said on Friday.

Magna Mining (TSXV: NICU) and Glencore Canada have signed an agreement to treat ore from the Crean Hill nickel-copper surface bulk sample of the 109 footwall at Glencore’s Strathcona mill in Sudbury, Ontario.

Alaska Energy Metals (TSXV: AEMC) last week announced its intent to acquire 100% interest in the 3,320-hectare Bambino nickel-copper- platinum group element property in Québec, expanding its footprint in the province, which has become an exploration hotbed for...

Anglo American is starting a formal process to sell its coal assets and explore options for its nickel operations after fending off a takeover threat from bigger rival BHP Group, CEO Duncan Wanblad said on Thursday.