Global insight
Canada's Teck Resources announces full sale of coal business
According to local media reports, Ottawa has said that any takeover bid for Teck would go through a rigorous approvals process. |
Mongolia's coal exports hit record high
The Asian country exported 31.7 million tons of coal last year. |
CaNickel selling Bucko Lake nickel project to Cobalt One for $59 million
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CaNickel Mining (TSXV: CML) has granted Cobalt One Energy an option to purchase CaNickel’s Bucko Lake nickel project for C$80 million ($59m). The mine is located about 110 km southwest of Thompson, Manitoba, near the town of Wabowden. |
Nornickel raises forecasts for global nickel surplus in 2023
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Russian mining and metals giant Nornickel has raised its global nickel surplus estimate for the current year due to lower than expected consumption in the battery sector, the company said in a market report. |
Kazakhstan Unveils $245 Million Ferroalloy Plant in Pavlodar Region
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Plans to construct a state-of-the-art plant to produce ferroalloys in Ekibastuz, Pavlodar Region, with a production capacity of 80,000 tons of ferrosilicon annually, were announced during a Dec. |
Premium Nickel announces C$20m financing package
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Explorer Premium Nickel has announced a C$20-milion equity and debt financing package, which will provide the company with sufficient funds to meet its business objectives and liquidity requirements for another year. |
Indonesia Speeds Up Landmark Closing of Java Coal Plant
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Indonesia has moved a step closer to the early retirement of the privately owned Cirebon-1 coal-fired power station, a milestone deal that could shutter the plant nearly seven years early and create a blueprint for others to follow. |
ArcelorMittal longs business closure to impact on jobs, industrial capacity
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Creamer Media editor Terence Creamer discusses ArcelorMittal South Africa's announcement that it may cut about 3 500 jobs as it plans to wind down its long-products business |
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