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New Caledonia’s Prony Resources faces cash crunch on nickel slump
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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. |
South32 misses output estimates, puts Colombia nickel unit under review
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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. |
Australian tycoon Forrest shuts nickel mines after prices crash
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Wyloo Metals Pty Ltd., the private nickel producer owned by billionaire Andrew Forrest, is shutting down its Western Australian mines due to a sharp slump in prices for the key transition metal. |
Australia's nickel producers reel from supply glut
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A sharp slide in nickel prices over the past year, driven by a jump in Indonesian supply, has hit Australian nickel producers, leading to mine closures, production cuts and writedowns in recent months. |
Sumitomo participates in FPX Nickel financing to gain 9.9% stake
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Sumitomo Metal Mining Canada is investing about C$14.5 million to gain a 9.9% interest in FPX Nickel (TSXV: FPX). |
BHP flags possible writedowns at nickel unit on low prices
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BHP Group said on Thursday it was reassessing the value of its nickel operations after a price slump, in a move that could lead to writedowns amid an oversupply of the metal used in electric vehicle batteries. |
Samsung SDI invests in Canada Nickel, has right to buy 10% of Crawford projectSamsung SDI invests in Canada Nickel, has right to buy 10% of Crawford project
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South Korean battery manufacturer Samsung SDI has become the latest company to invest in Canada Nickel Company (TSXV: CNC), which is developing the Crawford nickel sulphide project in the Timmins-Cochrane mining camp of Ontario. |
Widgie Nickel increases Gillett nickel resource
Widgie Nickel has updated the mineral resource estimate (MRE) for the Gillett nickel deposit, which is central to the Widgie South project sitting within the Mount Edwards project in Western Australia. |
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