Glencore to close, sell unprofitable New Caledonia nickel mines

The Koniambo Nickel SAS (KNS), a joint venture (JV) between Société Minière du Sud Pacifique SA and Glencore in New Caledonia, will transition into care and maintenance, it was announced on Monday.

Sunday, February 18, 2024

Indonesia, Vale agree price for divestment, minister says

Indonesia and Vale Base Metals have concluded negotiations and agreed to a price for the portion of shares the miner will sell in its Indonesian unit, the mining minister said on Friday.

Sunday, February 18, 2024

French government flags fresh funds for nickel rescue

The French government plans to offer fresh subsidies and loans for a New Caledonia nickel plant co-owned by commodities group Glencore but won’t go any further than that, Finance Minister Bruno Le Maire said on Tuesday.

Wednesday, February 7, 2024

Trafigura-backed nickel mine seeks new partner for bailout

A major nickel operation backed by Trafigura Group will need support from a new investor after the trading giant declined to contribute more funds as part of a French government rescue package for the struggling New Caledonian mining industry.

Thursday, February 1, 2024

IGO freezes nickel project, trims lithium forecast

Australian battery metal producer IGO Ltd said on Wednesday it would put its Cosmos nickel project in Western Australia into care and maintenance due to low prices, as it also trimmed its annual lithium production forecast.

Wednesday, January 31, 2024

A new nickel deposit was discovered in Kabanga

Shares in Lifezone Metals, 17% owned by BHP, rose in the early hours of Monday’s trading session on news about a high-grade nickel discovery at its Kabanga project in northwest Tanzania.

Wednesday, January 31, 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
  • First  Prev  ...  9  10  11  12  13  14  15  16  17  18  ...  Next  Last  
  • Buy & Sell