US International Development Finance issues letter of interest to Brazilian Nickel for up to $550m loan for Piauí nickel project

Brazilian Nickel announced on Monday that it has received a letter of interest (LOI) from the US International Development Finance Corporation (DFC) for a $550 million loan for its Piauí nickel project in Brazil.

Power Nickel has secured shareholder and court approval for the spin-out of its Golden Ivan property in British Columbia and Chilean assets.

Canada Nickel (TSXV: CNC) has drilled high grades of the critical metal at the company’s Bannockburn property, about 65 km south of Timmins, Ontario.

Vale Base Metals, a unit of Vale SA (NYSE: VALE), announced on Tuesday that it has completed the construction and commissioning of its C$4.13 billion ($2.94 billion) Voisey’s Bay nickel-copper underground mine in northern Labrador.

Mine developers in Latin America are seeking new lithium and nickel prospects as current low market prices bring acquisition opportunities for those with a foothold in the region.

State-ownwed diversified miner PT Aneka Tambang (Antam) has allocated US$723 million (Rp11.46 trillion) in Capital Expenditure (Capex) that will be used for gold, bauxite, and nickel exploration over the next five years.

Australia introduces tax incentive to propel critical minerals industry