Archive | Nickel

Nornickel, Murmansk Region present Pechengsky District’s development program (Tass.com – May 2020)

May 28, 2020 in Europe Mining, International Media Resource Articles, Nickel

https://tass.com/

MURMANSK, May 26. /TASS/. The Murmansk Region’s government and the Norilsk Nickel Company (Nornickel) on May 20 presented a concept for development of the Pechengsky District. Nornickel’s Director of the Social Policies Department Svetlana Ivchenko told reporters the parties would also implement in the region a program to develop sustainable economy after Kola MMC closed down its melting shop.

The Kola MMC’s melting shop is the key business in the Nickel town, where about 11,000 live. Along with supporting divisions, the shop employs about 600 people. Their jobs will be cut gradually, and the shop will be closed by 2021. Nornickel and the regional authorities have been working on a program to settle the employment issue in the town.

“Our next step is to develop a program for the district’s social and economic development, which will be a part of the Murmansk region’s program,” she said. “The program will outline the initiatives, projects and actions. <…> We have been working on the program’s all directions.” Continue Reading →

Canada Nickel discovers PGM zones at Crawford – by Carl A. Williams (Northern Miner – May 21, 2020)

May 22, 2020 in Canadian Media Resource Articles, Junior Exploration Sector, Nickel, Ontario Mining

Global mining news

Canada Nickel Company (TSXV: CNC) has discovered two new palladium-platinum zones and extended nickel mineralization at its wholly owned Crawford nickel-cobalt project located in the Timmins-Cochrane mining camp, 40 km north of Timmins, Ontario.

Discovery holes drilled in the East zone at the property have doubled the strike length of the nickel mineralization, while partial assays from a third hole have extended the PGM zone on the Main zone, the company reports.

“Crawford just keeps getting bigger and better as we move forward,” Mark Selby, the company’s chairman and CEO, said in an interview. “It’s pretty amazing that after we’ve already drilled off the eleventh largest nickel-sulphide resource globally, that with our first step-out holes from this anomaly we get the best nickel intersection and best palladium-platinum intersection to date.” Continue Reading →

Eurobattery to buy Finland battery metals project – by Donna Slater (MiningWeekly.com – May 13, 2020)

May 19, 2020 in Battery Technology Innovation/Electric Vehicles, Cobalt, Critical, Strategic and Rare Earth Minerals and Metals, Copper, Europe Mining, International Media Resource Articles, Nickel

https://m.miningweekly.com/

The option under the investment and shareholders agreement is linked to an obligation to provide successive cash financing for investments in the Hautalampi project.

Eurobattery will pay about €8.6-million over 48 months for the VHOy shares and the option premium, as well as the cash financing component.

The Hautalampi project is located at the same site as the Keretti (Outokumpu) copper mine, which operated during 1912 to 1989. The Hautalampi nickel/cobalt/copper orebody is located parallel to, and above, the exploited copper deposit. Existing surface and underground infrastructure provide significant location advantages in what is already a Tier 1 mining jurisdiction. Continue Reading →

OPINION: Nickel investing comes with a heavy price – by John Dizard (Financial Times – May 15, 2020)

May 19, 2020 in International Media Resource Articles, Nickel, Nickel Laterites

https://www.ft.com/

Financial gloomsters have been in much better spirits lately. While the world’s health and economy are in deep trouble, contrarians can now prove they were right all along.

Momentary self-satisfaction at the extent of predicted ruins, though, must be succeeded by some useful observations, such as, what do we do next? A coherent macro view is a start, but even as the financial system teeters towards destructive deflation, it may be possible to identify a few assets, or industries, where real prices and real returns might increase. We will need the money.

I have thought for some time that it would be impossible to shift the auto industry to an electric vehicle future without moving quickly to increase metals production in an environmentally, financially and socially sustainable way. Continue Reading →

What are Joe Biden’s views on two of the most controversial environmental projects in Minnesota? – by Walker Orenstein and Gabe Schneider (MinnPost – May 11, 2020)

May 12, 2020 in Copper, International Media Resource Articles, Minnesota Duluth Complex and Iron Range, Nickel

https://www.minnpost.com/

In late April, former Vice President Joe Biden’s campaign held a virtual event with Minnesota supporters to promote the Democrat’s plans to address climate change and a clean environment.

But while U.S. Sen. Tina Smith and other Biden surrogates talked about carbon-free energy, clean water, agriculture and electric cars, they did not touch on perhaps the two most controversial environmental issues in the state: copper-nickel mining in Northern Minnesota and the proposed Line 3 oil pipeline.

Many of the major Democratic candidates in the presidential race said they would oppose the Line 3 project, the proposed Twin Metals mine near Ely, or both if elected in the fall of 2020. Those stances heartened the environmentalist wing of the party and roiled trade unions and rural DFLers. Continue Reading →

Base metals, gold exploration kicks into high gear, north of Timmins – by Staff (Northern Ontario Business – May 6, 2020)

May 7, 2020 in Canadian Regional Media and Web Publications, Junior Exploration Sector, Nickel, Ontario Mining

https://www.northernontariobusiness.com/

A junior mining startup company has raised more than $4.4 million to go exploring for base metals on its property near Timmins.

Growing investor interest in the fledgling exploration outfit and its Crawford nickel-cobalt sulphide property, 40 kilometres north of the city, prompted Canada Nickel Company to upsize its flow-through share financing offering last month.

Helmed by renowned nickel developer Mark Selby, Canada Nickel is a spinoff of Noble Mineral Exploration, the latter being the owners of a sizeable swath of land, next to the Kidd Creek Mine Complex. Continue Reading →

Rockcliff makes new Nickel-PGE discovery at [Flin Flon, Manitoba] Tower property (Resource World – May 6, 2020)

May 7, 2020 in Canadian Regional Media and Web Publications, Copper, Manitoba Mining, Nickel

https://resourceworld.com/

Rockcliff Metals Corp. [RCLF-CSE; RO0-FSE; A2H60G-WKLN] has made a new high-grade nickel-PGE (platinum group element) discovery on its 100%-owned Tower property in the Snow Lake area of central Manitoba. This new discovery, termed the TGR nickel-PGE prospect, has returned significant assay results.

TGR is located only 600 metres south of the company’s high-grade, copper-rich Tower deposit. The TGR mineralization was discovered in a previously unexplored area and is associated with ultramafic rocks of the Thompson nickel belt (TNB).

The TNB is a world-class over-300-kilometre-long mining belt with over 60 years of production from high-grade nickel mines with associated copper and cobalt. Continue Reading →

Independent review confirms magmatic nickel/copper/PGM deposit for Kavango – by Marleny Arnoldi (MiningWeekly.com – April 29, 2020)

April 29, 2020 in Africa Mining, International Media Resource Articles, Nickel

https://www.miningweekly.com/

London-listed Kavango Resources has published a new independent technical review on the exploration potential of the company’s Kalahari Suture Zone (KSZ) project, in Botswana.

Kavango is searching for “Norilsk-style” deposits in the KSZ, which the technical review has confirmed the presence of.

The review, completed by Dr David Holwell using a mineral systems approach, confirms the presence of ten key geological features, which are also present in world-class magmatic sulphide copper, nickel and platinum group metal (PGM) deposits at Norilsk, in Siberia; Voisey’s Bay, Thomson Nickel Belt and Raglan, in Canada; and Jinchuan, in China. Continue Reading →

Sudbury: Expect more earthquakes as mines dig deeper, Vale says – by Casey Stranges (CBC News Sudbury – April 27, 2020)

April 28, 2020 in Canadian Media Resource Articles, Nickel, Ontario Mining, Sudbury Basin

https://www.cbc.ca/news/canada/sudbury/

Mining giant Vale says seismic activity around its Sudbury-area mines is likely linked to its deep drilling operations, and it’s a possibility that more incidents will follow.

Natural Resources Canada recorded two earthquakes last week. A 3.6 MN (magnitude) tremor hit Creighton Mine Thursday morning, and a 3.0 MN quake forced Garson Mine to stop operations Friday night and all day Saturday.

According to Natural Resources Canada’s website, it’s unlikely that any quake that registers below 5 MN would cause damage above ground, though tremors were felt as far away as Lively. Continue Reading →

Nickel Exploration and Mining – outlook and update – by Kathrine Moore (Resource World – April 28, 2020)

April 28, 2020 in Canadian Media Resource Articles, Nickel, Nickel Laterites

https://resourceworld.com/

NICKEL IS A BASE METAL with many uses; from coins to skyscrapers it is part of our daily life, including the kitchen sink. But not all nickel is equal. Different types of nickel are used for different purposes. Mark Jarvis, CEO of Giga Metals, spoke to Resource World about the nickel industry, nickel demand and types of nickel.

According to Jarvis, 70% of all nickel produced is used to feed stainless-steel mills. Most of that nickel is class 2 nickel, including nickel pig iron, an iron nickel alloy, a type of low-grade ferro-nickel. A small amount of class 1 or pure nickel, on average 5% of the nickel units, is necessary for steel making,

All other uses of nickel require class 1 nickel, including storage batteries and batteries that power electric vehicles. Jarvis explained that class 1 nickel is nickel that can be economically upgraded to 99.9% nickel or better. Continue Reading →

Nickel prices on a roller-coaster ride – by Harold Carmichael (Sudbury Star – April 25, 2020)

April 27, 2020 in Battery Technology Innovation/Electric Vehicles, Canadian Regional Media and Web Publications, Nickel, Nickel Laterites, Ontario Mining

https://www.thesudburystar.com/

With so many factors at play around the world, the price of nickel is heading back up after looking to drop below the US $5 a pound mark just a few weeks ago.

The COVID-19 pandemic, of course, has shuttered economies and cut into global demand for nickel. At the same time, Indonesia has banned the export of nickel ore, which will tighten supplies and affect large nickel purchaser China.

On Friday, nickel closed at $5.50 a pound, close to the average world price of nickel in March, which was $5.40 a pound. About three months ago, however, nickel was selling for almost $6.50 a pound. Continue Reading →

Canada Nickel’s Mark Selby sees Dumont-style deposit at Crawford – by Trish Saywell (Northern Miner – April 22, 2020)

April 23, 2020 in Canadian Media Resource Articles, Nickel, Ontario Mining, Timmins

Global mining news

Mark Selby led a team that raised over $100 million and advanced the Dumont nickel-cobalt project in Quebec from an initial resource to a fully permitted, construction-ready project for RNC Minerals (TSX: RNX).

Now the mining executive believes he’s onto the next big nickel project in Canada with Crawford – a large tonnage nickel-cobalt sulphide discovery, 20 km north of Glencore’s enormous Kidd Creek base metal mine in Ontario’s Timmins camp.

The chairman and CEO of Canada Nickel Company (TSXV: CNC) says there are similarities between Crawford and RNC Minerals’ Dumont project – one of the world’s largest undeveloped nickel sulphide deposits containing about 6.1 billion lb. nickel in proven and probable reserves. Continue Reading →

DeepGreen to make run for battery metals from seafloor – by Cecilia Jamasmie (Mining.com – April 7, 2020)

April 8, 2020 in Battery Technology Innovation/Electric Vehicles, Canadian Media Resource Articles, Cobalt, Critical, Strategic and Rare Earth Minerals and Metals, Deep Sea Mining, Nickel

https://www.mining.com/

DeepGreen Metals, a Canadian start-up planning to extract cobalt and other battery metals from the seafloor, has added a new area to its seabed portfolio, which it believes could potentially help it solve the bottleneck supply of critical battery metals needed for the world’s green energy transition.

The strategic acquisition of Tonga Offshore Mining Limited (TOML), announced Tuesday, gives the Vancouver-based company exploration rights to a third area inside the Clarion-Clipperton Zone (CCZ) in the Pacific Ocean.

The 4,000-kilometre swath of ocean, stretching from Hawaii to Mexico, is known for containing enough nickel, copper, cobalt and manganese to build over 250 million electric vehicle batteries. Continue Reading →

Nickel drilling campaign turns up PGMs: Canada Nickel makes palladium-platinum find near Timmins – by Staff (Northern Ontario Business – April 7, 2020)

April 7, 2020 in Canadian Regional Media and Web Publications, Junior Exploration Sector, Nickel, Ontario Mining, Platinum Group Metals

https://www.northernontariobusiness.com/

A fledgling junior mining company searching for nickel and cobalt, north of Timmins, has discovered a zone of palladium and platinum.

Canada Nickel Company, a spinoff of Noble Mineral Exploration, announced the discovery after the results came back from a drilling program on their Crawford nickel-cobalt sulphide project, 40 kilometres north of the city.

According to an April 6 news release, this separate zone sits north and next to the nickel sulphide discovery that was made early last year. A first-time resource calculation was posted in early March. Continue Reading →

BofA sees nickel taking big COVID-19 hit – by Henry Lazenby (Mining Journal – April 2020)

April 2, 2020 in International Media Resource Articles, Nickel, Nickel Laterites

https://www.mining-journal.com/

With global GDP forecast to grow at just 0.3% this year, translating into a 2.8% year-on-year contraction to nickel demand, about 150,000 tonnes of surplus metal or 10% of global supply could accumulate.

Industry players including Vale, Sumitomo, Glencore and South32 have all shown concern over nickel fundamentals, prompting production responses that “should ultimately limit the supply overhang”, according to the bank.

“Similar to copper, we therefore believe prices could rally, when a treatment (not necessarily a vaccine) is found or the isolation measures show success,” BofA said. Continue Reading →