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Diamond Producer Alrosa to Supply Norilsk with X-ray Slurry Analysers
A subsidiary of Russian diamond major Alrosa has won a tender to supply nickel miner Norilsk with five X-ray slurry analysers. |
First Nickel Locks Gates to Sudbury Mine
When workers at the Lockerby mine in Sudbury, Ontario arrived on shift at 5 a.m. on Thursday, they found the gates locked and the copper-nickel mine idle. |
First Nickel Goes into Receivership
Legal firm KSV Kofman has been appointed as the receiver of First Nickel after the company’s principle secured lender Resource Capital Fund demanded repayment of all of the obligations owing to it, enforcing its security under the Bankruptcy and Insolvency Ac... |
NUM Signs Three-year Wage Deal at Nkomati Following Three-day Strike
The National Union of Mineworkers announced on Thursday that it had signed a three-year wage deal at the Nkomati Nickel mine, which is owned by Patrice Motsepe’s African Rainbow Minerals and Norilsk of Russia. |
Western Areas Reports a Profit Rise Despite Weak Market
Despite a challenging price environment, nickel miner Western Areas has reported a 37.5% increase in net profits after tax for the year ended June, as costs were reduced and volumes increased. |
Glencore Maintains Dividend on 29% Lower Earnings
Diversified marketing and mining major Glencore on Wednesday reported 29% lower first-half earnings of $4.6-billion on weaker commodity prices. |
Australian Nickel Refiner Seeks More Ore From New Caledonia
Australian nickel refiner Queensland Nickel has yet to fill its laterite ore quota from New Caledonian suppliers and was eager to increase volume as the South Pacific country faces preddure to lift a ban on exports to China. |
Glencore Stock Getting Hammered as China Slowdown, Commodities Rout Hit Profit
Shares in mining and commodity trader giant Glencore (LON:GLEN) fell more than 9% Wednesday morning, hitting a fresh record low, after it revealed it has swung to a steep, half-year loss and disappointed investors over debt-reduction efforts. |
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