Nornickel forecasts further nickel output drop this year

Russian metals producer Nornickel on Monday said it expected a further decline in nickel output this year, hit by adverse geopolitical risks and postponed furnace repairs, following on from a drop in production in 2023.

Tuesday, January 30, 2024

Governments back nickel, lithium industries

Federal Minister for Resources Madeleine King and Western Australian Minister for Mines David Michael met with nickel and lithium producers last week to discuss challenges facing the industry.

Monday, January 29, 2024

Australian mining group pushes govt for tax credit as lithium, nickel prices slump

An Australian mining association has called for a new production tax credit during meetings with senior ministers called as nickel and lithium miners curtail projects and review new mines in response to a global slump in prices.

Friday, January 26, 2024

FPX Nickel closes Sumitomo equity investment

Exploration and development company FPX Nickel has closed the private placement financing with new cornerstone investor Sumitomo Metal Mining, raising C$14.45-million.

Thursday, January 25, 2024

New Caledonia’s Prony Resources faces cash crunch on nickel slump

New Caledonian nickel producer Prony Resources is facing an “alarming” situation amid a slump in metal prices as it waits for the possibility France will offer monetary support for the territory’s nickel sector, a company spokesperson said.

Thursday, January 25, 2024

Nickel price crash seen extending Indonesia’s grip on supply

A prolonged slump in nickel prices is stress-testing producers worldwide, raising the prospect of sweeping mine closures that will deepen Indonesia’s dominance of global supply.

Tuesday, January 23, 2024

Eramet’s New Caledonia nickel plant runs reduced output after power incident

SLN, the New Caledonia nickel producer controlled by mining group Eramet, said on Monday it was running at reduced capacity after an electrical incident over the weekend caused a local power cut.

Tuesday, January 23, 2024

South32 misses output estimates, puts Colombia nickel unit under review

The miner on Monday posted a near 50% drop in second-quarter metallurgical coal output as it completed major work at an underground mine at its Illawarra operation, while its quarterly manganese production also missed estimates.

Monday, January 22, 2024
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