Moody’s Warns of ‘Deep and Long’ Commodity Price Downswing

Based on its revised, weaker global growth expectations for 2016, softening demand, the strength of the dollar and continued uncertainty surrounding metal demand in China, Moody’s Investor Service expects base metals prices to remain under pressure to the dow...

Tuesday, December 15, 2015

Glencore Shares Soar as Company Spurts Cash, Reports “Good” China Sales

The share price of Glencore soared more than 14% in Johannesburg after the diversified mining and marketing company told investors it would remain comfortably cash positive at materially lower commodity prices, had $14-billion liquidity headroom, beat its capi...

Tuesday, December 15, 2015

Independence Polishes up Nova Figures

The economics of the Nova nickel project, in Western Australia, have been further improved following an optimisation study. ASX-listed Independence Group reported on Monday that the project’s net present value had increased by 36% compared with the 2014 defin...

Tuesday, December 15, 2015

INSG: Global Nickel Surplus Decreasd to 6800t in October

[Ferro-Alloys.com] In Dec. 15th, The International Nickel Study Group published Tuesday that global nickel surplus shed to 6800t. During the first ten months, global nickel surplus is 67100t, accounting for 4 percent of the annual demand. Nickel oversupply dir...

Tuesday, December 15, 2015

No Decision yet on Queensland Nickel Assistance – Treasurer

The Queensland government has not made any decisions on whether to bail out embattled Queensland Nickel, Treasurer Curtis Pitt said this week. Queensland Nickel owner Clive Palmer had appealed to the government to provide “minimal assistance” to ensure the c...

Tuesday, December 15, 2015

Segue Resources Drilling Improves Nickel Potential at Salt Creek

The latest exploration at Salt Creek – which included two traverses of aircore drilling to follow up detailed survey work at two coincident gravity and magnetic features – intersected three zones of mafic intrusive rocks that appear to be largely coincident ...

Friday, December 11, 2015

Glencore may Shut Murrin Murrin Nickel Mine in WA

Swiss miner Glencore says it might close more Australian mines if weak commodity prices persist, with the Murrin Murrin nickel mine in Western Australia the next probable candidate.

Friday, December 11, 2015

Sherritt's Nickel Output Climbs at Ambatovy JV

Canada’s Sherritt International Corporation said the nickel output for the Ambatovy Joint Venture totaled 4,006 tons (100% basis) in November, climbing by 3.6% compared to the last month.

Thursday, December 10, 2015
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