The pioneers of Australia’s nickel laterite industry set the bar way too high. Just three years ago, they were the stars of the nickel business, determined to lower the industry cost curve and revolut…
Australian-based Anaconda Nickel has reached a deal that will see its secured creditors receive US$190 million in cash, or about US25 on the dollar, for the outstanding secured debts of its wholly ow…
Higher realized nickel prices helped Sherritt International (S-T) to improved second-quarter net earnings of $24.6 million.The profit, which translates into 15 per diluted share, is a marked improvem…
Anaconda Nickel, which mines laterite nickel Down Under, has agreed to sell Anaconda Industries to fellow Aussie Lynas Corp for A$5 million. (Anaconda Industries is the holding company for Anaconda’s …
Aussie laterite nickel miner Anaconda Nickel, engaged in talks with bond holders amid fears it may default on a US$420-million bond series, announced a large half-year loss that was echoed on the book…
Some are comparing 2001 with the first half of the 1980s, the last time metal prices were so bad. Others are comparing it with the depression after the crash of 1929. And so far, nobody has compared i…
Nickel producer Sherritt International (S-T) saw lower profits in the first half of the year, owing to shrinking prices for its principal commodities and higher energy costs.During the six months ende…
Sherritt International (S-T) and the Labrador Iron Ore Royalty Income Fund (LIF.UN-T) emerged victorious in the industry’s two most recent takeover battles.Sherritt and its partner, the Ontario Teache…
In two quiet corners of the mining industry — the iron ore and coal businesses — takeover battles for income funds have enlivened the profitable, but otherwise dry, business of cashing royalty chequ…
Anaconda Nickel’s controlling shareholder, Anglo American (AAUK-Q), has finally blown a fuse over the slow progress of Anaconda’s Murrin Murrin nickel project in Western Australia, and is seeking a sh…
In partnership with the Ontario Teachers’ Pension Plan, a unit of Sherritt International (S-T) has made an offer to acquire all of the outstanding shares of the Luscar Coal Income Fund (LUS-T).The tot…
Buoyant nickel and oil prices combined with strong operational performance allowed Sherritt International (s-t) to post record earnings for 1999.Net earnings in 1999 were $66.6 million (or 60 per res…
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