Australian nickel refinery workers sacked without entitlements

Hundreds of workers retrenched at Queensland Nickel’s (QN) Yaulu refinery remain in limbo, without jobs or entitlements, despite schemes being proposed by the owner, mining magnate Clive Palmer, and an investment group to eventually reopen the facility.

Wednesday, March 23, 2016

New Environmental Protection Bill to Go Beyond Queensland Nickel Refinery

On Tuesday 15 March, Dr Steven Miles, Minister for Environment and Heritage Protection, introduced the Environmental Protection (Chain of Responsibility) Amendment Bill (“the Bill") into the Queensland Parliament. In introducing the Bill, the Minister refer...

Wednesday, March 23, 2016

Major PH nickel ore miner may hike output as prices recover

The Philippines’ second-biggest nickel ore miner, Global Ferronickel Holdings, Inc. may boost its output if nickel prices sustain a rebound from decade-lows amid signs of a recovery in China’s economy, company officials said on Friday.

Wednesday, March 23, 2016

Canada Sherritt’s Nickel Production is Expected to Increase in 2016

[Ferro-Alloys.com]According to Canada Sherritt report showed that the Madagascar Ambatovy capacity utilization has increased significantly, those for finished nickel production totaled 80976 tons in 2015, an increase of 14% year on year.

Wednesday, March 23, 2016

Axiom Mining Loses Solomon Islands Nickel Court Battle to Sumitomo

[Ferro-Alloys.com]A small Australian mining company has been stripped of its rights to one of the Pacific's biggest greenfield nickel laterite deposits, after a decision by the Solomon Islands Court of Appeal.

Wednesday, March 23, 2016

Fresh Selling Seen in Nickel, Open Interest up by 12.66%

[Ferro-Alloys.com]Nickel on MCX settled down -2.69% at 574.1 tracking weakness in LME nickel prices ceded 2.8 percent to $8,660. Meanwhile, China's home prices rose in February at their fastest clip in almost two years thanks to red-hot demand.

Tuesday, March 22, 2016

Queensland Nickel Workers Hope to Take Control of the Collapsed Business

[Ferro-Alloys.com]RETRENCHED employees behind a creditor-worker buyback plan for collapsed Yabulu nickel refinery are continuing to work on a proposal to take control of the business.

Monday, March 21, 2016

Norilsk Nickel: Generating Returns Despite Weak Commodities Prices

Norilsk Nickel (OTCPK:NILSY) believes that current nickel spot prices are not sustainable. The nickel market showed low price elasticity in 2015, with production cuts coming mostly from Chinese nickel pig iron producers and a number of mines operating at neg...

Thursday, March 17, 2016
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