Vale to shut New Caledonia mine as buyer walks away
Vale (NYSE: VALE) is preparing to potentially shut down its nickel and cobalt operations on the Pacific island of New Caledonia, after failing to reach a sales agreement on the…
Nickel
TSX down, Aug. 31-Sept. 4
The S&P/TSX Composite Index fell 2.92% to 16,218.01 during the Aug. 31-Sept. 4 trading week. The S&P/TSX Global Base Metals index dropped 0.66% to 104.84, and the S&P/TSX Global Gold…
Rio Tinto enters option deal for ALX’s nickel project in Saskatchewan
ALX Resources (TSXV: AL) has entered into an option agreement with Rio Tinto (NYSE: RIO; LSE: RIO) on its Falcon nickel project in northern Saskatchewan. Under the deal, Rio Tinto…
BHP to fund Midland nickel exploration in Quebec
Midland Exploration (TSXV: MD) says it has struck a new funding deal with a subsidiary of BHP (NYSE: BHP; LSE: BHP) for nickel exploration activities in northern Quebec. BHP’s unit,…
Odyssey seeks compensation under NAFTA for deep-sea mining project
U.S.-based Odyssey Marine Exploration hasn’t given up its intentions to move forward with a phosphate seabed mining project in Mexico’s Exclusive Economic Zone (EEZ), despite two permit rejections. The Florida-based…
Horizonte plans $325M financing to develop Araguaia nickel project in Brazil
Horizonte Minerals (TSX: HZM) announced that it is arranging a senior secured project finance facility of up to US$325 million to fund the construction and development of its flagship Araguaia…
Canada Nickel aims for zero-carbon emissions at Crawford
On Tesla’s second quarter conference call last week, Elon Musk entreated the industry to: “Please mine more nickel – Tesla will give you a giant contract for a long period…
Tesla pitches ‘giant contract’ to nickel miners
Tesla boss Elon Musk is asking miners to produce more nickel, a key ingredient in the batteries that power his company’s electric cars, and has offered a “giant contract for…
Karora sells share in Dumont nickel project
Gold-focused producer Karora Resources (TSX: KRR) has announced the sale of its 28% interest in the Dumont nickel project in Quebec to two private funds advised by Waterton Global Resource Management,…
Top 10 Canada-based companies with substantial US assets
The U.S. is fertile ground for a variety of minerals, and Canadian companies are active throughout the country. The Northern Miner presents its top 10 list of the biggest Canada-based…
Covid-19 disrupts US$8.8B of global mining output, S&P says
Covid-19 has impacted the mining industry across the globe as lockdowns and travel restrictions have forced companies to halt or scale down operations and suspend work on projects, while reopening…
Technology Metals Snapshot: Eight juniors developing next generation metals
While mining is best known for supplying the world with precious and base metals, technology metals – such as lithium, cobalt and transition metals – are needed for advanced applications,…