Caledonia Mining Corporation is pleased to announce it has accepted an offer for the purchase of the entire issued share capital of Eersteling Gold Mining Company Limited (”Eersteling”) in South Africa by a private Canadian company for C$3.81 million.
The offer is to be settled in cash on or before July 31, 2008 and a refundable [...]
Nickel fell for a second day in London on speculation rising stockpiles signal slowing usage as producers seek alternatives to the metal in stainless-steel manufacturing. Copper also dropped.
Nickel inventories monitored by the London Metal Exchange rose 1,446 metric tons, or 27 percent, to 6,834 tons, the exchange said today in a daily report, the biggest [...]
BRAZIL’S Companhia Vale do Rio Doce has signalled its confidence in the nickel market by granting final board approval for the $US3.2 billion Goro laterite project in New Caledonia, despite years of delays, cost blowouts and disputes with locals.
Goro has been one of the most-watched nickel developments in the world amid speculation CVRD could cancel [...]
Cia. Vale do Rio Doce, the world’s largest iron-ore producer, is considering changes to its $3 billion Goro nickel mine in New Caledonia as it studies plans to cut costs and deal with environmental concerns.
Chief Executive Roger Agnelli visited the French-controlled Pacific island territory last week, and met government and community leaders, spokesman Steve Mitchell [...]
Cia. Vale do Rio Doce, the world’s largest iron-ore producer, is considering changes to its $3 billion Goro nickel mine in New Caledonia as it studies plans to cut costs and deal with environmental concerns.
Chief Executive Roger Agnelli visited the French-controlled Pacific island territory last week, and met government and community leaders, spokesman Steve Mitchell [...]
Brazilian mining giant Companhia Vale do Rio Doce, or CVRD, on Friday announced plans to invest US$6.3 billion (euro4.9 billion) to expand production in 2007.
A large part of the company’s capital expenditure budget has been earmarked for increasing the output of nonferrous metal, a CVRD statement said.
Nonferrous metals investments were pegged at US$2.55 billion (euro1.98 [...]
Merrill Lynch analysts declared Wednesday that nickel still “has the best fundamentals of the industrial metals†and that “nickel companies should deliver excellent results during the reporting season.â€
Research Analysts Daniel Hynes and Vicky Binns wrote that “we remain bullish on the longer term prospects for nickel,†despite their predictions that the “nickel price will be [...]
Nickel and tin hit new record highs on the London Metal Exchange (LME) on Tuesday as supply concerns boosted prices, analysts said.
“Nobody would go short in nickel…there is some genuine market tightness,” analyst Michael Widmer at Calyon said.
Nickel for delivery in three months was at $37,500/37,600 a tonne at midsession after hitting a high of [...]
Canadian miner Caledonia Mining Corp is expecting to report an operating profit in the fourth quarter of 2006 but its directors have decided against re-opening the Barbrook Mine in South Africa, which was crippled by industrial action in November last year.
Caledonia will now focus on gold and cobalt concerns in Zimbabwe and Zambia, it [...]
Nickel prices hit a new record high on Wednesday as worries about low stocks and supply disruptions intensified, while copper and aluminium prices firmed, analysts said.
Nickel for delivery in three months on the London Metal Exchange touched $36,040 a tonne, a rise of more than 20 percent since the seven-week low of $30,000 seen on [...]
