The temporary closing of the Lebombo border crossing into Mozambique from South Africa, triggered by escalating protests over last month’s disputed election, is a fresh setback to South African chrome producers and other miners.
GEM Co., a Chinese battery-metal producer, and Vale’s Indonesian unit signed an agreement to build a $1.42-billion nickel plant in the Southeast Asian nation, highlighting the country’s drive to boost processing.
China and Indonesia signed deals worth $10 billion at the Indonesia-China Business Forum in Beijing on Sunday, spanning sectors including food, new energy, technology, and biotechnology, Chinese state media reported.
Zhejiang Huayou Cobalt Co., one of the world’s largest nickel producers, is sounding out banks for roughly $2.7 billion in financing for its Ford Motor Co.-backed project in Indonesia, according to people familiar with the matter.
Canada Nickel Company Inc. has intersected a significant interval of massive sulphide on its Bannockburn Property located 65 kilometres south of Timmins.