Freeport-McMoRan slashes capital spending, to divest stake in Indonesian unit

Freeport-McMoRan (NYSE:FCX), the U.S. largest miner by market value and revenue, has slashed its capital budget for the year, while seeks funding for its natural oil and gas projects as the miner tries to protect itself from plunging commodity prices.

Wednesday, January 28, 2015

Eramen Minerals Recovered Nickel Ores Production

It was acknowledged that Eramen Minerals had already recovered the nickel ores production. the person in charge said they planned to sell the nickel ores from Jan. of 2015. There would be about 3-4boats nickel ores in Jan. and all of them would be medium or hi...

Monday, December 15, 2014

WA’s Ravensthorpe nickel mine shut after chemical spill

ONE of Australia’s biggest nickel mines has been temporarily shut as its owner, First Quantum Minerals Ltd, investigates the cause of a processing-plant rupture that resulted in a chemical spill.

Monday, December 15, 2014

BHP pulls Nickel West sale

BHP Billiton has given up trying to sell its struggling Nickel West business, declaring that an acceptable bid could not be found.

Thursday, November 13, 2014

Credit risk binds BHP to Nickel West

After shelving its sale of Nickel West, BHP Billiton will be forced to keep the troubled unit out of its $US15 billion spinoff of unwanted assets amid analyst predictions it would damage the new company's credit rating.

Thursday, November 13, 2014

Indonesia raises Vale nickel mining royalty but forces share sale

Brazil’s Vale said that a revised nickel mining contract with Indonesia will raise maximum royalties, cut land holdings and require its Indonesian unit to sell another 20% of its shares to local investors.

Wednesday, October 22, 2014

Indonesia releases Jan-Aug mines output and sales data

Reuters reported that Indonesia's mines ministry nnounced January to August production and sales data.Coal exports for January until September were 234.76 million tonnes, against production of 310.84 million tonnes.

Wednesday, October 22, 2014

Burundi Pins Development Hopes 150 Million-Ton Nickel Mine

A new nickel mine has been opened by the Burundi government in the country's Musongati region.

Friday, October 17, 2014
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