Norilsk Nickel expects its net profit under IFRS to slide to $5.3bn in 2007 from $5.96bn posted for the previous year, the Russian precious metals producer said in a memo prepared for the company’s annual general shareholders’ meeting scheduled for June 30. Meanwhile, the document states that, net of damage to business reputation, Norilsk Nickel’s [...]

Mengold Resources Inc. has finalized a Joint Venture Agreement with X-Ore Resources Inc. for the Greenwater Ni-PGE Property (Greenwater). Since the first announcement of this joint venture on March 3, 2008 (see news release NR-08-07), the partners have staked additional claims increasing the size of the property to 9,088 hectares (22,456 acres). This Property, located [...]

Research and Markets has announced the addition of “Metals & Mining in Belgium” to their offering.
Our Metals & Mining in Belgium industry profile is an essential resource for top-level data and analysis covering the metals & mining industry. It includes detailed data on market size and segmentation, plus textual and graphical analysis of the key [...]

Golden Chalice Resources Inc. is pleased to announce that drilling has commenced on the Company’s Radio Hill Property, which is located approximately 76 kilometres southwest of Timmins, Ontario. The Radio Hill Property has potential to host gold, nickel, copper, zinc or iron ore deposits.
A historical non-compliant 43-101 resource was calculated for the iron mineralization on [...]

Norilsk Nickel made a net loss of $916.4 million calculated to Russian Accounting Standards (RAS) in the first quarter of 2008, the world’s largest nickel and palladium company has said in a statement.
Norilsk Nickel posted on Wednesday a preliminary output report saying its nickel production increased 22% to 74,572 metric tons in the first quarter [...]

Russian metals giant Norilsk Nickel said on Wednesday first-quarter 2008 nickel output rose to 74,572 tonnes from 60,913 tonnes in the same quarter of 2007.
Palladium output in the first quarter was 597,000 ounces, Norilsk said in a statement. First-quarter palladium output in 2007 was 716,000 ounces.
The palladium figures did not include output by Norilsk’s U.S. [...]