Vale takes hefty write-downs
Vale (VALE-N) is taking a US$2.85 billion write-down on its Onça Puma nickel mine in the northern Brazilian state of Para after troubles with two furnaces earlier this year led to the halting of its ferronickel…
Nickel
First Quantum adds heft to two Zambian projects
Proving that it’s got more going on than a potential merger with Inmet Mining (IMN-T), First Quantum Minerals (FM-T) has delivered some serious tonnage from two of its projects in Zambia.
Duluth, Antofagasta go big on the South Kawishiwi
Toronto-based Duluth Metals (DM-T) and 40% joint-venture partner Antofagasta (ANTO-L) can claim to hold one of the largest pollymetallic sulphide deposits following a resource update on the Twin Metals project near Ely, Minn. Duluth announced…
First Quantum offers $5.1B in sweetened bid for Inmet
First Quantum Minerals (FM-T, FQM-L) has stepped up its game for Inmet Mining (IMN-T) with a hostile $5.1-billion takeover offer in hopes of winning over Inmet shareholders after failing twice to entice the company’s board in recent…
Lundin slips on three-year output guidance
Toronto-based Lundin Mining (LUN-T) dropped slightly after publishing its three-year production outlook for 2013 to 2015, as it lowered its estimates for copper, zinc and nickel from its previous guidance, but managed to keep them above 2012…
First Quantum adds heft to two Zambian projects
Proving that it isn’t entirely pre-occupied with a potential merger with Inmet Mining (IMN-T), First Quantum Minerals (FM-T) found the time to deliver some serious tonnage from two of its projects in Zambia.
First Quantum produces first nickel at Kevitsa
First Quantum Minerals (FM-T, FQM-L) has started commercial production at its Kevitsa open-pit, nickel-copper mine in northern Finland. The wholly owned project is the company’s second major foray into nickel, following the 2011 relaunch…
Miners remain optimistic at the Quebec mining convention
More headaches for Anglo at Minas-Rio
Skyrocketing costs are eating into the pocketbooks of miners across the industry and Anglo American (AAL-L, AAUK-Q) is no exception.
Project generation a win for McLean
Scott McLean and Kevin Stevens were part of a four-man team at Falconbridge that discovered the high-grade Nickel Rim South deposit in Sudbury, Ont., in 2001.
Hart gives Liberty a ray of hope
Less than two weeks after Timmins, Ont.-focused Liberty Mines (LBE-T) suspended production because of declining nickel prices, it posted a positive preliminary economic assessment (PEA) for its Hart nickel deposit.
Noront hopes to soar with Eagle’s Nest
Toronto-based Noront Resources (NOT-V) is banking on a newly published feasibility study at its advanced-stage Eagle’s Nest polymetallic nickel-sulphide deposit — which also includes copper, platinum, palladium and gold — to…