Panoramic hunting for critical metals project

Nickel company Panoramic Resources will be looking to expand its portfolio within the next 12 to 18 months, MD and CEO Victor Rajasooriar said.

Wednesday, August 9, 2023

Horizonte Minerals Reports Construction of Araguaia Nickel Project Now 65% Complete 

Horizonte Minerals Plc (AIM: HZM | TSX: HZM) has reported good progress on the construction of its wholly-owned Araguaia Nickel Project. The company is targeting its first metal in Q1 2024.

Tuesday, August 8, 2023

Australia’s Nickel Industries to seek shareholder nod for $620m share placement

Australia’s Nickel Industries said on Monday it would seek shareholder approval for a A$943 million ($620 million) share placement to pursue growth opportunities including potential expansion at its Excelsior Nickel Cobalt (ENC) project in Indonesia.

Tuesday, August 8, 2023

Vale Indonesia plans to divest 14% stake – minister

Nickel miner Vale Indonesia is planning to divest 14% of its stake this year to fulfill divestment rules, Indonesia’s mining minister Arifin Tasrif told reporters on Friday.

Monday, August 7, 2023

Nornickel makes Asia pivot as metals price drop hits H1 profits

Russian miner Nornickel said on Wednesday that Asia had become the company’s largest market in terms of revenue for the first time, as it posted a 79% year-on-year drop in first-half net profit after key metals prices declined.

Thursday, August 3, 2023

Vale to sell 13% stake in base metals unit for $3.4 billion

Vale (NYSE: VALE) has reached two separate agreements to sell a total 13% stake in its transition metals business for $3.4 billion, aiming to boost its copper and nickel output. The deals would value the company’s base metals unit, Vale Base Metals (VBM), at ...

Friday, July 28, 2023

First Quantum starts output at Africa’s biggest nickel mine

First Quantum Minerals Ltd. started production at what is set to turn into Africa’s biggest nickel mine, furthering Zambia’s aim of becoming a key supplier of battery metals for the electric vehicle revolution.

Thursday, July 27, 2023

Huayou Cobalt boosts nickel capacity in Indonesia

China’s Zhejiang Huayou Cobalt said on Tuesday it will invest in a $200 million nickel sulfate project in Indonesia, expanding its production of the key battery raw material.

Thursday, July 27, 2023
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