Warning: Division by zero in /var/www/html/includes/classes/class.Pager.php on line 116
MiningWeekly.com | Mining Industry | Copper
https://staging3.creamermedia.com
R/€ = 20.7354 Change: -0.0150
R/$ = 19.1488 Change: -0.0227
Au 2025.46 $/oz Change: 1.00
Pt 898.08 $/oz Change: 8.97
 

Nickel News

Anglo to focus on cost cutting following disappointing 2023 performance  

By: Darren Parker     22nd February 2024 Mining major Anglo American chairperson Stuart Chambers and CEO Duncan Wanblad have both expressed disappointment with the company’s financial results for 2023, which were released on February 22. Chambers opened the presentation of the company’s results by candidly describing the company’s... 

Eramet in talks with France to offload debt from SLN nickel unit

By: Reuters     22nd February 2024 Eramet is in "very advanced talks" with the French government to remove from its balance sheet several hundred million euros of debt related to its loss-making nickel subsidiary SLN in New Caledonia, the mining group said. The company's talks with the French authorities are part of wider... 

Mayur’s Orokolo Bay partner faces ‘sudden financial difficulties’

By: Creamer Media Reporter      21st February 2024 Australia-based Mayur Resources said on Wednesday that its partner in the Orokolo Bay vanadium, titanium and iron sands project, in Papua New Guinea, had pulled out, citing “sudden financial difficulties” related to the depressed state of the global nickel market. Mayur and Indonesia-based PT... 

Sibanye incurs $2.58bn in impairments on lower metals prices

By: Tasneem Bulbulia     21st February 2024 Multinational mining and metals processing group Sibanye-Stillwater has incurred impairments of $2.58-billion, or about R47.45-billion, for the 2023 financial year, on the back of the deterioration in metals prices and certain operational factors. In a trading update ahead of the March 5... 

Sibanye CEO Neal Froneman
Sibanye CEO Neal Froneman

First Quantum signs $500m copper deal with shareholder, says asset and stake sales progressing

By: Mariaan Webb     21st February 2024 Canada-headquartered First Quantum Minerals, which is facing a major challenge with the closure of its flagship Panama mine, is making progress with its balance sheet initiatives. These include, among others, selling some of the copper miner's smaller assets and minority stakes in its larger... 

First Quantum signs $500m copper deal with shareholder, says asset and stake sales progressing

Nickel woes worsen for Glencore-backed miner as budget jumps 87%

By: Bloomberg     20th February 2024 Glencore-backed Horizonte Minerals is warning that it needs a whole new financing package to restart a nickel project in northern Brazil after a review revealed the mine will cost 87% more than thought. In the latest sign of the challenges facing mining projects around the world, the... 

US moves to restore stockpiling ‘panic button’ in EV metals fight with China

By: Bloomberg     20th February 2024 Insiders liken it to a “panic button.” And for more than 80 years, the primary job of the National Defense Stockpile has been to keep the US military supplied with essential raw materials and protect against supply shocks. So when China surprised the markets by restricting exports of two niche... 

US moves to restore stockpiling ‘panic button’ in EV metals fight with China

Industry welcomes WA nickel royalty rebate as step in right direction

By: Mariaan Webb     19th February 2024 The announcement from the Western Australian government, to provide 50% royalty relief over 18 months, to nickel producers is welcome news to an industry under pressure, says the Association of Mining and Exploration Companies (AMEC). “There is no doubt this timely assistance from the WA state... 

BHP is planning to shut down its Nickel West operations (pictured), attributing the decision to a significant decline in nickel prices.
BHP is planning to shut down its Nickel West operations (pictured), attributing the decision to a significant decline in nickel prices.

Rusal to add Abramovich to lawsuit against Potanin over nickel miner pact

By: Reuters     19th February 2024 Aluminium giant Rusal obtained permission by a London court on Friday to add Russian billionaire Roman Abramovich and his firm Crispian Investments as defendants in the case against Vladimir Potanin, CEO of Nornickel. The application marks the latest flare-up in relations between two of Russia's... 

Updated MRE for Sylvania’s Volspruit project shows improved grades

By: Tasneem Bulbulia     16th February 2024 Aim-listed Sylvania Platinum has announced the completion of a mineral resource estimate (MRE) update for its Volspruit project, located on the Northern Limb of the Bushveld Complex in South Africa,  facilitated by South African geological company Earthlab Technical Division. CEO Jaco Prinsloo... 

An image of Sylvania Platinum CEO Jaco Prinsloo
Sylvania Platinum CEO Jaco Prinsloo

Indonesia, Vale agree price for divestment plan, Minister says

By: Reuters     16th February 2024 Indonesia and Vale Base Metals have concluded negotiations and agreed in principle to a price for the portion of shares the miner will sell in its Indonesian unit INCO, the Mining Minister said on Friday. Vale Canada, a unit of Vale Base Metals, and Japan's Sumitomo Metal Mining signed an... 

Australia places nickel on critical minerals list

By: Mariaan Webb     16th February 2024 Australian Resources Minister Madeleine King has placed nickel on the critical minerals list, giving companies in the beleaguered industry an opportunity to access billions of dollars in government funding. The Minister has the discretion to review the critical minerals list at any time and to... 

Resources Minister Madeleine King
Resources Minister Madeleine King

France offers loan to New Caledonia nickel firm Prony to avert collapse

By: Reuters     15th February 2024 France has agreed to provide a €140-million loan to Prony Resources to avert the collapse of the New Caledonian nickel producer as Paris pursues negotiations to salvage the Pacific territory's loss-making nickel industry. Prony Resources is one of three nickel processors in the French territory... 

France offers loan to New Caledonia nickel firm Prony to avert collapse

BHP considers closing WA Nickel, flags impairments

By: Mariaan Webb     15th February 2024 Diversified mining major BHP is considering closing its Western Australia Nickel operations, amid the sharp fall in prices, the company announced on Thursday. BHP said it could place Nickel West into care and maintenance and that it was assessing the phasing and capital spend for the development... 

It is an uncertain time for the Western Australia nickel industry
It is an uncertain time for the Western Australia nickel industry

IEA to launch security programme for minerals critical to energy sector

By: Reuters     14th February 2024 The International Energy Agency (IEA) is launching a programme to secure the supply of minerals critical to energy security, as demand rises fast while manufacturing remains in the hands of a few key producers, its executive director said on Tuesday. Fatih Birol said the production of electric... 

IEA executive director Fatih Birol
Photo by Bloomberg
IEA executive director Fatih Birol

Power aggregators seen as key accelerators of South African mining’s energy transition  

By: Martin Creamer     13th February 2024 Many energy projects selling to one buyer, who in turn sells to many mines – this procurement model is seen as a key financial tool to accelerate the energy transition of South Africa’s mining industry. “We think the aggregator model can really accelerate the requirements of the mines to get... 

Nedbank CIB) Energy Finance Co-Head Amith Singh.
Nedbank CIB Energy Finance Co-Head Amith Singh interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Glencore to close, sell unprofitable New Caledonia nickel mines

By: Mariaan Webb     12th February 2024 The Koniambo Nickel SAS (KNS), a joint venture (JV) between Société Minière du Sud Pacifique SA and Glencore in New Caledonia, will transition into care and maintenance, it was announced on Monday. Glencore, which acquired the operation as part of its 2013 Xstrata transaction, said that high... 

Glencore to close, sell unprofitable New Caledonia nickel mines

Mining’s focus switching to critical minerals, with ESG pressures increasing

By: Rebecca Campbell     12th February 2024 The need to transform the global energy system and to cut carbon emissions, to counter the danger of climate change, is shifting the mining spotlight away from traditional high-value resources, such as gold and diamonds, to what are now being called “critical transition minerals”. So stressed... 

Anglo American, Finnish Minerals sign battery value chain agreement 

By: Schalk Burger     12th February 2024 Mining multinational Anglo American and Finnish State-owned mining company Finnish Minerals Group have signed a memorandum of understanding (MoU) to explore opportunities to further support the northern European country's battery strategy. As a Finnish state-owned company with a mandate to foster... 

Anglo American projects and development director Alison Atkinson.
Anglo American projects and development director Alison Atkinson.

EU, US to align global minerals push against China’s supply grip

By: Bloomberg     12th February 2024 The US and the European Union are in talks to merge a core area of their efforts to engage suppliers of critical minerals in resource-rich nations, seeking to streamline their push against China’s dominance in materials key for future technologies. The aim is to combine the EU’s high-level... 

EU, US to align global minerals push against China’s supply grip

Permanent aerial mesh support, exoskeletons under scrutiny to make mining safer 

By: Martin Creamer     9th February 2024 Minerals Council South Africa is looking at the possibility of promoting permanent aerial mesh support throughout the mining industry as part of its fall-of-ground action plan. The Minerals Council has a robust fall-of-ground action plan that targets several dimensions of the biggest contributor... 

Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).
Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).

Canada Nickel plans to raise $1bn for nickel-processing plant

By: Reuters     9th February 2024 as an alternative supplier of the metal used in car and electric battery vehicles. The processing plant in Ontario is expected to begin production in 2027 and process 80 000 tonnes of nickel annually. Nickel production is currently concentrated in Asia, and the company hopes that the new plant... 

Canada Nickel plans to raise $1bn for nickel-processing plant

Vedanta focused on becoming ESG leader 

7th February 2024 Good governance and sustainable development are at the core of diversified global natural resources and technology conglomerate Vedanta Group's strategy, with a strong focus on health, safety and environment, and on enhancing the lives of local communities. The group is focused on becoming the... 

Vedanta focused on becoming ESG leader

Threat of climate change has transformed the image of mining

By: Rebecca Campbell     7th February 2024 The need to reduce global carbon emissions, to counter climate change, has transformed the public image of the mining industry, because of the urgent need to ramp-up the production of clean energy metals. So highlighted International Council on Mining and Metals (ICMM) CEO Rohitesh Dhawan,... 

ICMM CEO Rohitesh Dhawan
ICMM CEO Rohitesh Dhawan

Anglo's Minas-Rio, Barro Alto mines complete IRMA audit; more mines to follow

By: Creamer Media Reporter      7th February 2024 Diversified miner Anglo American’s Minas-Rio iron-ore and Barro Alto nickel mines, in Brazil, have been assessed against the Initiative for Responsible Mining Assurance's (IRMA’s) comprehensive mining standard, achieving an IRMA 75 level of performance. The IRMA's Standard for Responsible Mining... 

The Minas-Rio mine
The Minas-Rio mine

Avebury nickel mine goes into care-and-maintenance

By: Mariaan Webb     7th February 2024 The receivers and managers of the Mallee Resources group of companies on Wednesday announced that the Avebury nickel mine, in Tasmania, will transition into a care-and-maintenance programme. KordaMentha’s distressed business division has been operating Avebury while looking for a long-term... 

Oversupply of low-quality nickel from Indonesia made the higher quality, but higher cost, ore from Australian mines uncompetitive.
Oversupply of low-quality nickel from Indonesia made the higher quality, but higher cost, ore from Australian mines uncompetitive.

Noise-induced hearing loss now highest priority mining health condition, Indaba hears 

By: Martin Creamer     6th February 2024 Noise-induced hearing loss has displaced tuberculosis (TB) and silicosis as the top priority health threat in the South African mining industry. “I’m emphasising noise-induced hearing loss because the other diseases have gone down markedly whereas noise-induced hearing loss has not gone down as... 

From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.
From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.

South Africa’s mining industry now 39% black-owned, Mining Indaba hears 

By: Martin Creamer     5th February 2024 In 2004, the year South Africa’s far-reaching Mining Charter was first introduced, black ownership in South Africa’s globally recognised mining industry stood at a negligible 2%. This has now leapt nearly 20 times higher to approximately 39%, South Africa President Cyril Ramaphosa highlighted in... 

President Cyril Ramaphosa at the Mining Indaba.
President Cyril Ramaphosa at the Mining Indaba.

From green hype to bailouts, the nickel industry has imploded

By: Bloomberg     5th February 2024 Just 18 months ago, the world’s biggest mining company was in a nickel frenzy. BHP Group, to much fanfare, had struck a deal with Tesla to supply it with the crucial ingredient for electric vehicles. It was about to go toe-to-toe with Australian billionaire Andrew Forrest for control of one of... 

From green hype to bailouts, the nickel industry has imploded

Germany to channel €1bn to critical raw material needs

By: Bloomberg     2nd February 2024 The German government earmarked about €1-billion ($1.1-billion) for raw materials investments as it seeks to reduce dependency on producers such as China for critical minerals in high-tech and green projects, according to people familiar with the plan. A selection process will be established to... 

A stockpile of lithium

Western miners lag as oil powers enter race for Africa's critical metals

By: Reuters     2nd February 2024 Risk aversion is likely to leave major Western miners lagging in a race to tap Africa's reserves of critical raw materials that has gathered pace now Middle Eastern oil powers have begun to emulate China's years of investment on the continent. Attracting the capital needed to advance copper,... 

Copper sheets produced in the DRC

Blackstone executives volunteer to reduce cash-based salaries

By: Mariaan Webb     1st February 2024 ASX-listed Blackstone Minerals, which is developing an integrated battery metals processing business in Vietnam to produce nickel/cobalt/manganese precursor products, has announced cost-cutting initiatives to ride out difficult market and price conditions. To preserve cash and limit shareholder... 

Blackstone executives volunteer to reduce cash-based salaries

IGO halts Cosmos nickel project

By: Mariaan Webb     31st January 2024 Australian miner IGO will transition the Cosmos nickel project, in Western Australia, into care-and-maintenance, the company announced on Wednesday. Since initiating a review of Cosmos in mid-2023, commodity prices have deteriorated significantly, impacting on the economics of Cosmos.  

IGO halts Cosmos nickel project

Trafigura-backed nickel mine seeks new partner to secure bailout

By: Bloomberg     31st January 2024 A major nickel operation backed by Trafigura Group will need support from a new investor after the trading giant declined to contribute more funds as part of a French government rescue package for the struggling New Caledonian mining industry. The French territory, a remote archipelago in the... 

Trafigura-backed nickel mine seeks new partner to secure bailout

Coal miner Ndalamo pursuing renewable energy, other minerals

By: Martin Creamer     31st January 2024 Coal mining company Ndalamo Resources is actively exploring opportunities in renewable energy and other minerals, paving the way for a diversified and resilient future. Ndalamo CEO Shammy Luvhengo states this in an Op-Ed in relation to the overarching theme of next week's 2024 Investing in... 

Ndalamo CEO Shammy Luvhengo.
Ndalamo CEO Shammy Luvhengo.

Nornickel forecasts 2024 nickel output drop after 5% fall in 2023

By: Reuters     29th January 2024 Russian metals producer Nornickel on Monday said it expected another drop in nickel output in 2024, following on from a 5% fall last year, as geopolitical risks continue to affect the company's operations. CEO Vladimir Potanin said last year that sanctions had constrained Nornickel's... 

Nornickel forecasts 2024 nickel output drop after 5% fall in 2023

Brazil's mining chief says Lula never tried to weigh in on Vale succession

By: Reuters     29th January 2024 Brazilian President Luiz Inacio Lula da Silva has not sought to influence who will be chief executive of major mining company Vale, a senior official said on Friday, after recent reports suggesting otherwise caused the firm's shares to tumble. Vale, one of the world's largest producers of... 

Brazilian President Luiz Inacio Lula da Silva
Brazilian President Luiz Inacio Lula da Silva

Anglo launches battery raw materials research project with large China recycler 

By: Martin Creamer     26th January 2024 South Africa-founded and Johannesburg- and London-listed Anglo American on Friday announced the launch of a research and development project in collaboration with one of China’s largest battery and battery material recyclers. The purpose of the project with Shenzhen-based GEM is to explore new... 

GEM and Anglo teams at signing ceremony.
GEM and Anglo teams at signing ceremony.
1
2 3 4 5 6 7 8 9
RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now
Free daily email newsletter Register Now