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Nickel News
BHP shareholders see room for one more sweetened Anglo bid
By: Bloomberg 15th May 2024 Shareholders in BHP Group and takeover target Anglo American expect the world’s largest miner to come back with a third and improved proposal before a regulatory deadline next week, even after the smaller company laid out a bold restructuring plan of its own on Tuesday. Anglo has twice rejected... →
Execution risk to Anglo’s restructure plan substantial – WoodMac
By: Darren Parker 15th May 2024 Mining major Anglo American has accelerated its portfolio planning in the wake of rejecting fellow mining major BHP’s second bid proposal of $42.2-billion (£34-billion), or £27.70 a share, in a move that new research by consulting firm Wood Mackenzie (WoodMac) shows will take it from being the... →
Anglo-BHP battle is between two CEOs fighting over same vision
By: Bloomberg 15th May 2024 As Anglo American sets out a survival plan that echoes the vision of its suitor BHP Group, the rival mining bosses are now locked in a battle to convince shareholders they are the man for the job. Anglo CEO Duncan Wanblad and his BHP counterpart Mike Henry took center stage on Tuesday, as the... →
All-round value unlock targeted in proposed demerging of Anglo Platinum and De Beers 
By: Martin Creamer 14th May 2024 Diversified mining major Anglo American is targeting value elevation in its planned demerging of South Africa-based Anglo American Platinum (Amplats) and the envisaged divestment or demerger of Southern Africa-dominant De Beers. In rejecting BHP’s second takeover offer, Anglo intends reshaping... →
Clean Air Metals appoints new VP of exploration
By: Creamer Media Reporter 13th May 2024 Canadian exploration company Clean Air Metals has appointed Lionnel Djon as its new VP of exploration, succeeding Geoff Heggie who has left the company to pursue other opportunities. Djon has most recently led the exploration team at Impala Canada. Under his leadership, significant mineral... →
Anglo investors tell company to move faster to survive BHP bid
By: Bloomberg 13th May 2024 Anglo American’s shareholders are pushing the company to speed up the release of its turnaround plan as the 107-year-old miner seeks to present an alternative to BHP Group’s takeover bid. Anglo has been reviewing its business since mid-2023, looking at every mine in its portfolio to help reshape... →
Miners seek exemption from Canadian tax hike to save equity deals
By: Bloomberg 13th May 2024 Canada’s mining industry is pushing for an carveout to the federal government’s proposed increase to capital gains taxes, warning the hike will make it harder for junior miners to raise money to find new mineral deposits. Finance Minister Chrystia Freeland’s new budget includes a measure to... →
Fantastic advance by Proudly South African manganese battery metal first-mover 
By: Martin Creamer 10th May 2024 Proudly South African Manganese Metal Co (MMC) of Mbombela, Mpumalanga, is making a fantastic first-mover advance to enter the manganese battery metal market, which is progressing super-fast. To be established is a faster stream to market, which is not only ahead of the global game, but also... →
MinRes abandons Lake Johnston buy
By: Creamer Media Reporter 9th May 2024 ASX-listed Mineral Resources (MinRes) has decided to withdraw from the proposed acquisition of the Lake Johnston nickel concentrator plant and mining rights, in Western Australia. MinRes in March entered into an agreement with Poseidon Nickel to acquire Lake Johnston with a view of converting... →
Indonesia says nickel reserves enough for expansion, despite moratorium call
By: Reuters 8th May 2024 Indonesia's nickel reserves are sufficient for expanded processing operations, an investment ministry official said on Wednesday, amid calls from a miners' group to curb construction of new smelters to ease a global glut. Indonesia banned exports of nickel ore in 2020 to encourage domestic... →
Nickel 28 fires founders on ‘serious misconduct’ that they deny
By: Bloomberg 7th May 2024 Nickel 28 Capital said it has fired its founders, including CEO Anthony Milewski, after an investigation uncovered “serious misconduct” — claims the ousted management team says are untrue and part of a years-long battle for control at the Canadian mining firm. The nickel and cobalt producer... →
Sibanye appoints Peter Hancock as nonexec director
By: Creamer Media Reporter 6th May 2024 Multinational mining and metals processing group Sibanye-Stillwater has appointed Peter Hancock as independent nonexecutive director, with effect from May 6. Hancock is a mining industry executive with more than 30 years of experience with Glencore overseeing nickel mining operations, developing... →
Zimbabwe's sole nickel mine placed under administration
By: Reuters 3rd May 2024 Zimbabwe's only operating nickel mine was on Thursday placed under administration, according to a government notice, seven months after halting production due to equipment failure and low prices. Zimbabwe's government owns 70% of Bindura Nickel Corporation's Trojan Nickel Mine which employs about... →
Anglo bidder BHP intends maintaining long-standing JSE listing
By: Martin Creamer 2nd May 2024 Diversified mining major BHP, which has made a rejected proposal to combine with Anglo American by way of a scheme of arrangement, confirmed on Thursday that it intended maintaining its multi-decade listing on the Johannesburg Stock Exchange (JSE). BHPalso emphasised that, under its Anglo... →
Chinese miners see opportunities as BHP’s mega bid unfolds
By: Bloomberg 2nd May 2024 China’s leading metals companies, including its state iron ore buyer, are considering their next moves following BHP Group’s blockbuster $39-billion approach for rival Anglo American, potentially the largest mining deal in over a decade. The world’s top consumer of commodities including copper... →
Stillwater Critical Minerals raised C$3.89m in oversubscribed placement
By: Creamer Media Reporter 2nd May 2024 TSX-V-listed Stillwater Critical Minerals has successfully completed C$3.89-million in a nonbrokered placement, surpassing expectations with a 55% oversubscription. Commodities powerhouse Glencore spearheaded the placement, with a substantial $2.1-million order. →
Anglo to meet top shareholders on BHP bid as takeover rules restrain AGM
By: Reuters 2nd May 2024 Anglo American's chair will meet its top 30 shareholders to hear views on BHP's $39-billion bid for the miner, he told an annual general meeting on Tuesday, where he was restricted from discussing the spurned offer by takeover regulations. Anglo rejected the offer on Friday, saying it was... →
Clean energy critical minerals can transform sub-Saharan Africa – IMF
By: Schalk Burger 30th April 2024 Sub-Saharan Africa holds an estimated 30% of the world’s volume of proven critical mineral reserves and managing their use properly as part of the global transition to clean energy has the potential to transform the region, the International Monetary Fund (IMF) states in its ‘Regional Economic... →
Glencore’s Rustenburg ferrochrome smelter remains idled
By: Martin Creamer 30th April 2024 Pending an improved price and cost environment, Glencore said in its first-quarter 2024 production report on Tuesday that its Rustenburg ferrochrome smelter in South Africa’s North West province would remain idled. The London- and Johannesburg-listed diversified mining and marketing company... →
Japanese to partner on Kalgoorlie nickel project
By: Creamer Media Reporter 29th April 2024 Japanese multinational companies Sumitomo Metal Mining (SSM) and Mitsubishi have thrown their weight behind the Kalgoorlie nickel project – Goongarrie hub, in Western Australia. ASX-listed Ardea Resources on Monday announced a binding cooperation agreement between SSM and Mitsubishi to form a... →
BHP tells investors Anglo bid is 'on strategy', stresses discipline
By: Reuters 29th April 2024 BHP has told Australian investors privately that its $39-billion Anglo American bid is in line with its strategy and that it will be disciplined in its approach, two fund sources said. The world's biggest listed mining group is weighing up its next move after its initial takeover proposal for... →
Indonesian miner eyes nickel assets as it shifts focus from coal
By: Bloomberg 29th April 2024 Indonesian coal company PT Harum Energy is looking to buy more nickel mines as it ceases further investment in fossil fuels in order to prepare for the energy transition. The miner plans to avoid further spending in its coal operations beyond the level required to sustain current output,... →
BHP mega bid and $10 000 copper expose mining’s biggest problem
By: Bloomberg 29th April 2024 Copper’s surge to $10 000 a ton just days after the bombshell news that BHP Group is trying to buy Anglo American is highlighting a core disconnect at the heart of the industry: miners just aren’t building enough mines. The biggest producers all want to increase copper output to take advantage... →
BHP’s mega bid for Anglo sets stage for industry shakeup
By: Mariaan Webb 25th April 2024 Australia-headquartered BHP has made a bold move with its bid to acquire rival Anglo American in an all-share deal valued at $38.8-billion. With this manoeuvre, BHP aims to create the largest copper miner globally, but it could face scrutiny from Anglo shareholders over valuation concerns.... →
Anglo shareholder LGIM says BHP approach 'unattractive'
By: Reuters 25th April 2024 Legal & General Investment Management, one of the 20 largest shareholders in Anglo American said an approach by BHP Group is "highly opportunistic" and "unattractive". "As with many other UK-listed companies, we believe the valuation of Anglo American to be depressed and regard the proposed... →
How 30 years of democracy has transformed South Africa's mining industry
By: Martin Creamer 25th April 2024 South Africa’s 30 years of democracy has changed the character of this country’s mining industry profoundly, Minerals Council South Africa emphasised in a report that highlights the industry’s significant advance since the dawning of democracy in 1994. Importantly, South Africa’s highly regarded... →
Lower iron, nickel and copper prices weigh on Vale's quarterly earnings
By: Reuters 25th April 2024 Brazilian miner Vale on Wednesday said lower prices for iron-ore, nickel and copper in the first quarter dragged down earnings compared to the year before, as it posted net profit slightly below analyst estimates. Vale, the world's no.2 producer of iron-ore, posted a $1.7-billion net profit for... →
Changing business opportunities, challenges in Zimbabwe highlighted
By: Schalk Burger 24th April 2024 Zimbabwe is undergoing change and aims to attract more companies to do business in the country, but risks and challenges remain for businesses aiming to capitalise on the opportunities in the country. These were some of the views raised by Zimbabwean and international representatives during an... →
World’s biggest energy traders are returning to metals markets
By: Bloomberg 24th April 2024 Some of the world’s biggest energy trading companies are returning to metals, years after getting burnt in the notoriously difficult markets. Vitol Group, Gunvor Group and Mercuria Energy Group are among the traders building out their metals teams, as they look to deploy capital generated by... →
Anglo pleased with copper's first-quarter performance
By: Martin Creamer 23rd April 2024 Copper production increasing by 11% as Quellaveco achieved its highest plant throughput rate in Peru, and Collahuasi and El Soldado in Chile benefitting from higher copper grades were among the first-quarter performance aspects that pleased diversified mining company Anglo American in the three... →
Chinese nickel billionaire boosts Australian miner in Indonesia
By: Bloomberg 23rd April 2024 A little-known Australian company is becoming the Western face of a Chinese nickel behemoth. In under a decade, Nickel Industries has gone from a relatively small miner to the world’s sixth-biggest producer of a metal used in products from batteries to stainless steel. Riding a Chinese-led boom... →
South32 reports improved operating results for March quarter
By: Darren Parker 22nd April 2024 Diversified miner South32 has reported an overall improvement in its operating results for the March quarter and record year-to-date production at Hillside Aluminium, in KwaZulu-Natal, and South Africa Manganese, in the Northern Cape, along with a 60% increase in quarterly volumes at Illawarra... →
Vale Indonesia shareholders approve rights issue plan
By: Reuters 22nd April 2024 Shareholders of nickel miner PT Vale Indonesia approved a rights issue that will facilitate the acquisition of a stake by Indonesia state mining holding company MIND ID, the company said in a statement late on Friday. Vale Canada and Japan's Sumitomo Metal Mining had agreed to sell 14% of the... →
QPM shifts focus to gas and energy, curtails TECH spending
By: Creamer Media Reporter 22nd April 2024 Mining and energy group Queensland Pacific Metals (QPM) has unveiled a strategic overhaul aimed at accelerating growth and advancement of its gas and energy assets. The ASX-listed company has chosen to priorities the expansion and enrichment of its Moranbah gas project, in the Bowen Basin. →
BHP nears decision on WA nickel, adjusts coal guidance
By: Mariaan Webb 18th April 2024 Diversified mining company BHP is nearing a decision regarding its nickel operations in Western Australia. The company, which has been conducting a review of these assets since February, is expected to unveil its long-term strategy by August, CEO Mike Henry said on Thursday. The ongoing review... →
Governments must broker local support for mines, industry group says
By: Reuters 18th April 2024 The world's governments must do more to convince local communities and Indigenous groups to support mines that produce critical minerals needed to power the energy transition and fight climate change, the head of a prominent industry group said. Mines across the globe increasingly face... →
Minerals Council South Africa setting out to boost local demand for green hydrogen
By: Martin Creamer 17th April 2024 Minerals Council South Africa is focused on increasing the domestic demand for green hydrogen, which it sees as contributing to the kickstarting of the hydrogen economy in South Africa. “The applications that we’re looking at are stationary as well as mobility applications of using hydrogen... →
Nickel developer Horizonte’s financing efforts fail
By: Mariaan Webb 15th April 2024 London- and Toronto-listed Horizonte Minerals has failed to secure financing for its Araguaia nickel project, in Brazil, and is compelled to explore other options that may put shareholder value at risk. The alternative scenarios will focus on protecting the interest of secured creditors and... →
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