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

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

Australian tycoon Forrest shuts nickel mines after prices crash

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.

Monday, January 22, 2024

Australia's nickel producers reel from supply glut

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.

Thursday, January 18, 2024

Sumitomo participates in FPX Nickel financing to gain 9.9% stake

Sumitomo Metal Mining Canada is investing about C$14.5 million to gain a 9.9% interest in FPX Nickel (TSXV: FPX).

Thursday, January 18, 2024

BHP flags possible writedowns at nickel unit on low prices

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.

Thursday, January 18, 2024

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

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.

Monday, January 15, 2024

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.

Thursday, January 11, 2024
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