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 [...]

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 [...]

Zinifex, an Australian mining company that specializes in zinc and lead, agreed to be acquired by Oxiana, one of the largest mining companies in Australia, for 6 billion Australian dollars ($5.6 billion). The deal, which requires shareholder approval, comes after a year of discussions, the companies said. Oxiana agreed to pay 3.1931 of its shares [...]

The Australian reported that BHP Billiton is in talks to take up a 25% stake in a A$615million (US$733million) bauxite mine and alumina refinery in India`s eastern Orissa province. The deal would be BHP Billiton`s first project in India.
It also reported that Zinifex Ltd and its Belgian partner Umicore Group are believed to have appointed [...]

Nickel surged to a new record high for a second day running, as the metal remained supported by critically low stocks and strong demand from the stainless steel sector.
Also, a tentative recovery in global equity markets was underpinning prices in all metals, analysts said. London shares opened firmer this morning while over in Asia, the [...]

Albidon Ltd listed on both AIM and the ASX in March 2004 with a view to developing its portfolio of nickel-platinum projects in Southern Africa. The ticker symbol is ALD on AIM and ALB on the ASX; market capitalisation is approximately £109 million or US$215 million. The company states that its strategy is threefold: to [...]

Sydney shares closed in the negative territory on lower oil, gold and base metal prices. Mining stocks declined. The benchmark S&P/ASX 200 index slipped 12.8 points or 0.2% to 5,572.0. Out of the 201 stocks traded, 115 stocks declined, 68 advanced and 18 closed flat. Turnover was A$4.03 billion on a volume of 466.65 million [...]

Sydney shares closed higher with the S&P/ASX 200 index touching a high of 5,575.4, up 2.3 points or 0.04% beating Thursday’s record of 5,573.1. The market rose following the gains on the Wall Street. Energy companies and big miners led the gains. Gains were limited as investors awaited the U.S. inflation data and other economic [...]

Mining stocks helped push the Australian stock market higher Friday along with end of quarter buying by local fund managers.
The benchmark S&P/ASX200 index rose 40.2 points to 5,154.1, and the All Ordinaries index added 37.5 points to 5,113.
Anglo Australian mining giant BHP Billiton jumped 1 percent, or 25 cents, to A$25.63, rival Rio Tinto climbed [...]