nickel

Australian miner South32 (NYSE:SOUHY) has agreed to sell its Cerro Matoso ferronickel mine in northern Colombia to an industrial conglomerate, CoreX Holding, in a deal valued at up to $100 million. The agreement includes a nominal upfront payment, with additional payments tied to future nickel...

Building a mine is a notoriously difficult endeavor. It is a long, often multi-decade process involving prospecting, soil sampling, environmental studies, and billions of dollars worth of capital expenditures before production starts. For companies involved, it is a generational commitment that...

The energy transition is reshaping the global mining industry, with demand for critical minerals expected to surge over the coming decades. A shift toward renewable energy and electrification drives demand for commodities like copper, nickel, and rare earth elements. According to BDO's Annual...

Vale Base Metals, a Canadian subsidiary of Vale SA (NYSE:VALE), has announced a strategic review of its Thompson nickel asset. The review indicates the potential sale of this long-standing operation as part of the company's global portfolio optimization strategy. "Our objective is to build a...

Manara Minerals, a joint venture between Saudi Arabia's Public Investment Fund (PIF) and Ma'aden (Saudi Arabian Mining Co), is nearing a deal to purchase a 15% to 20% stake in First Quantum Minerals (OTC:FQVLF) Zambian copper and nickel assets. The potential transaction, which Reuters reported...

Canada Nickel Company (OTC:CNIKF) has received a Letter of Interest (LOI) from Export Development Canada (EDC) for a potential $500 million loan to support the development of its Crawford nickel project in Timmins, Ontario. "We are very pleased with the LOI as it marks an important milestone...

The U.S. has long relied on imported nickel – a fact that Gregory Beischer, a seasoned geologist and CEO of Alaska Energy Metals (OTCQB:AKEMF), wants to change. Talking to Benzinga, he shared his opinions about Alaskan mining, nickel's importance, and the state of the commodity market. BZ: Could...

Vale (NYSE:VALE) is set to open a new open-pit mine at the historic Stobie mine site in Sudbury, Ontario. The original underground mine operated from 1914 to 2017, producing over 375 million tons of nickel and copper ore. Vale's Toronto-based base metal arm expects that the open pit project will...

Vale SA (NYSE:VALE) plans to increase its copper production to 500,000 tons by 2028 as part of a $3.3-billion capital expenditure plan. That’s up from 326,600 tons in 2023, largely through upgrades to its Salobo and Sossego mines in Brazil. Copper prices have recently surged to new highs,...

Editor’s Note: This article has been corrected to note that Canada Nickel’s Crawford property ranks second in the world, behind one in Russia and ahead of three in Indonesia. WASHINGTON — A nickel mining district in southeastern Canada may one day rival Indonesia as the world's largest...

Experts agree that Indonesia's president-elect Prabowo Subianto will continue to build up the nation's vertically integrated nickel industry. What is less certain is how he will balance the nation's relationship with China—currently the biggest foreign investor in the country's nickel industry—with...

Holding 20% to 30% of the world’s nickel reserves, New Caledonia’s economy heavily relies on its production. However, concerns over supply disruptions from New Caledonia, combined with sanctions on Russian metal, have pushed prices on the London Metal Exchange back above $20,000 per...

First Quantum Minerals (OTCPK: FQVLF) is shutting down the Ravensthorpe nickel mine in Western Australia. The closure follows months of production suspension. First Quantum’s original plan to process stockpiles and consider resuming mining by 2025 has been scrapped. The company blamed...

When Indonesia's new president, Prabowo Subianto, assumes office in October he'll preside over the world's biggest nickel reserves and is widely expected to continue policies that have led to a global price slump for the battery metal and stainless steel ingredient.  The Southeast Asian nation...

Top Stories for April 17, 2024: During a visit to Pittsburgh, President Joe Biden plans to announce new trade policies aimed at boosting the U.S. steel sector by imposing a 25% tariff on certain Chinese steel and aluminum imports. The move seeks to protect American manufacturing jobs from China...