Jinchuan Purports to Terminate Purchase of Tiomin Kenya

Tiomin Resources Inc. reports that Jinchuan Group Limited (‘Jinchuan’) of China, purports to have terminated the Investment Agreement to purchase 70% of Tiomin Kenya Limited (‘TKL’) and the Kwale project. Tiomin seeks clarification from Jinchuan concerning its notice of intent to terminate the transaction, which was scheduled to close on October 29, 2009. Bob Jackson, CEO, said... 

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Jinchuan Board Approves Tiomin Kenya Purchase

Tiomin Resources Inc. announce that the board of directors of Jinchuan Group Limited (‘Jinchuan’) has approved the Memorandum of Understanding (‘MOU’) in which Jinchuan acquires 70% of Tiomin Kenya Limited (‘TKL’), a wholly owned subsidiary of Tiomin that owns 100% of the Kwale Mineral Sands Project (‘Kwale’ or ‘the project’), for US$25 million... 

Tiomin and Jinchuan Sign Agreement to Develop the Kwale Titanium Project

Tiomin Resources Inc. is pleased to announce that it has signed a Memorandum of Understanding (‘MOU’) with Jinchuan Group Limited (‘Jinchuan’) of the People’s Republic of China for Jinchuan to invest US$25 million directly into Tiomin Kenya Limited (‘TKL’), a wholly owned subsidiary of Tiomin that owns 100% of the Kwale Mineral Sands Project (“Kwale”... 

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AMR Outlines Export Tariff Increase Impact on Ban Phuc Nickel Project

Asian Mineral Resources Limited announced the steps it plans to take to deal with the impact on its Ban Phuc nickel project of the recently announced increase to 20% in the Vietnamese export tariff on nickel concentrates. AMR has initiated discussions with the appropriate Vietnamese governmental authorities and has begun enlisting the support of other interested parties in seeking to have the tariff... 

Albidon says Munali Nickel Project delivers first concentrate

Albidon Ltd. said its first nickel-copper-cobalt-PGM concentrate has been produced at Munali Nickel Project located near south of Zambia’s capital city Lusaka. The mining company said saleable nickel-copper-cobalt-PGM concentrate is currently being stockpiled ahead of collection for smelting by Jinchuan Group. It also added its focus is now to complete commissioning of the concentrator and increase... 

Chinese nickel producer takes WA stake

China’s largest nickel producer, Jinchuan Group Ltd, has taken a 11 per cent equity stake in Perth-headquartered nickel explorer and producer Fox Resources Ltd. The news sent Fox shares north, up 15 cents, or 30.93 per cent, to 63.5 cents at 1229 AEDT on Monday. Jinchuan secured statutory approvals from the Chinese Government and the Provincial Government of Gansu Province to subscribe for 18.8... 

Zinifex wins control of Allegiance Mining

ZINIFEX Ltd has prevailed with its $790 million, three-month takeover battle for Allegiance Mining NL, announcing it has gained control of the nickel miner. Lead and zinc miner Zinifex, which was born from the ashes of the failed Pasminco Ltd, said it had increased its stake in Allegiance to 51.1 per cent from 44.78 per cent previously. Zinifex is to further diversify its production base through its... 

China top tin producer buys 5 pct of Metallica

Metallica Minerals Limited said on Friday that top Chinese tin producer Yunnan Tin Group’s unit in Australia had agreed to buy a 5 percent stake in it for A$5.9 million ($4.0 million). The unit would buy 5.38 million shares in the Australian firm, which invests in Nornico and Lucky Break nickel projects in the country. The company also owns 40 percent of Cape Alumina Pty Ltd., which plans to... 

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Jinchuan offers more for nickel mine

Jinchuan Group Ltd, China`s biggest nickel producer, has renewed interest in a joint venture to reopen the Nonoc nickel mine in southern Philippines and has even improved its offer, the trade secretary said on Wednesday. “They had sent another offer which is an improvement of where there were before the talks collapsed,” Peter Favila told Reuters by phone, but he refused to give additional... 

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Allegiance stocks nickel ore as it readies mine

Australia’s Allegiance Mining NL said on Monday it has stockpiled 10,000 tonnes of nickel-bearing ore and is on track to start milling operations at its Tasmanian project in the fourth quarter of calendar 2007. Allegiance is developing its Avebury mine 7 km (4 miles) outside the mining town of Zeehan on Australia’s Tasmania island. It plans to mill 900,000 tonnes of ore at the nearby and...