The Indonesian unit of Canada’s Inco Ltd. said on Monday its nickel in matte output fell 9.45 percent in the first nine months of the year, mainly due to a fire at one of its furnaces.
PT International Nickel Indonesia Tbk said in a statement it produced 111.1 million pounds, or 50,400 tonnes, of nickel in [...]
A South Korean consortium led by state-run Korea Resources Corp. will invest a total of $1.1 billion to develop a nickel mine in Ambatovy, Madagascar, the commerce ministry said on Monday.
The mine, which is estimated to have 125 million metric tons of nickel, will produce up to 60,000 metric tons of the metal a year [...]
Dynatec Corp., a Canadian mining company, said it sold stakes in a $2.5 billion Madagascar nickel project to Korea Resources Corp. and Sumitomo Corp. to raise $852 million in funding. The shares rose the most in 15 months.
Sumitomo and Korea Resources will each own 27.5 percent stakes in the Ambatovy venture, Richmond Hill, Ontario-based Dynatec [...]
Zimbabwe’s Competition and Tariffs Commission (CTC) is reportedly probing Canadian firm, Caledonia Mining Corporation, for breaching regulatory procedures by failing to notify the commission on their acquisition of Blanket Gold Mine. Caledonia Mining Corporation acquired Blanket Mine, which is in the southwestern parts of the country and about 150 km from the capital Harare, from [...]
JOHANNESBURG -Junior miners on the JSE will receive greater exposure through a new index launched especially for them. Nedbank Capital, a specialist financier of junior mining companies, created the initiative, which is called the NedSec Junior Mining and Exploration Index.
On traditional JSE mining indices, the majors eclipse junior miners. For example, the JSE’s mining index [...]
RENO, NV -The chairman and CEO of Toronto-based copper producer Inmet Mining Monday denied rumors that a private equity fund is interested in acquiring the company.
In a conference call to discuss quarterly results, Inmet Chairman and CEO Richard Ross also told analysts “We have no intention of hedging our copper or zinc production, given our [...]
A mining company sued state environmental regulators, claiming that the business was singled out for unequal regulatory enforcement that cost 500 direct jobs and thousands of indirect jobs in southwestern Pennsylvania.
The Department of Environmental Protection allowed similar mining operations elsewhere in the state, but unfairly forced the closure of the High Quality Mine in Washington [...]
Uranium prices surged 7 percent to a record after Cameco Corp., the world’s largest supplier, said a flood at an unfinished mine in Canada will delay initial shipments of the nuclear fuel by at least a year.
Uranium rose to $60 a pound from $56 in a weekly posting by Ux Consulting Co., said Eric Webb, [...]
The Senate sent Richard Stickler’s nomination to become the top U.S. mine-safety official back to the White House — twice. Widows and relatives of dead miners had pleaded that he not be given the job. Stickler lacked the support of lawmakers from key mining states. Some newspaper editorials had criticized him as an industry insider.
None [...]
North American Tungsten Corporation Ltd. is pleased to announce an updated National Instrument 43-101 compliant mineral reserve estimate for the underground portion of the Cantung Mine. This mineral reserve estimate, dated September 1, 2006, was prepared by NATC and audited by Scott Wilson Roscoe Postle Associates (”Scott Wilson RPA”). An additional mineral resource estimate by [...]
