Based on its revised, weaker global growth expectations for 2016, softening demand, the strength of the dollar and continued uncertainty surrounding metal demand in China, Moody’s Investor Service expects base metals prices to remain under pressure to the dow...
The share price of Glencore soared more than 14% in Johannesburg after the diversified mining and marketing company told investors it would remain comfortably cash positive at materially lower commodity prices, had $14-billion liquidity headroom, beat its capi...
The economics of the Nova nickel project, in Western Australia, have been further improved following an optimisation study. ASX-listed Independence Group reported on Monday that the project’s net present value had increased by 36% compared with the 2014 defin...
Swiss miner Glencore says it might close more Australian mines if weak commodity prices persist, with the Murrin Murrin nickel mine in Western Australia the next probable candidate.
The ERAMET group issues a firm denial of reports carried in various articles of this morning's press that it was halting its nickel production in New Caledonia. It is currently considering a project which will be submitted to the staff representative bodies at...
Embattled miner Queensland Nickel has requested an urgent meeting with Queensland Premier Annastacia Palaszczuk and treasurer Curtis Pitt over the future of its Townsville refinery. The cry for help comes a day after mining personality Clive Palmer’s Mineralo...
[Ferro-Alloys.com] The Ambatovy nickel and cobalt mine, in Madagascar, in which TSX-listed Sherritt International owns a 40 percent interest, produced 4006t of of nickel and 283t of cobalt in November. Production for the month was at about 81 percent of namepl...
The Onca Puma mine has a capacity of 62870t and the ferronickel processing facility has a capacity of 53000t, though it produces less than half of that.