PolyMet Mining Corp (POM.TO) and Teck Resources Ltd (TECKb.TO) said on Wednesday they will form a joint venture to develop their Minnesota copper and nickel mining projects.
The new company, known as NewRange Copper Nickel LLC, will share costs to develop the two proposed mines, which aim to produce metals used to make electric vehicles and other green technologies.
https://www.northernontariobusiness.com/
Tartisan Nickel wants to put former Falconbridge mine back into production
A former Falconbridge nickel deposit near Kenora looks to have the legs and the economics to be put back into production.
Tartisan Nickel released a preliminary economy assessment (PEA) of its Kenbridge Nickel Deposit last week. The PEA study projects a nine-year mine with production of 52.6 million pounds of nickel and 30.7 million of copper over that span.
ISHPEMING, MI — Right now, 3,200 feet below ground, explosives are blasting apart billion-year-old rock that, eventually, is going to wind up in an electric vehicle.
Broken into chunks, the rock, now called ore, takes a two-hour ride to the surface before getting trucked to a crushing mill, which separates the valuable minerals within through a flotation process that produces a clumpy gray filter cake. That concentrate is loaded onto trains and sent to Canada on its way to being smelted and refined into a sulphate used in lithium-ion batteries that power electric cars.
https://www.northernontariobusiness.com/
One of the key events of the June convention was Sudbury Night at the Royal York Hotel Imperial Room
When it comes to promoting yourself at the world’s largest international mining exploration convention, it’s almost as if the City of Greater Sudbury has an unfair advantage over other mining municipalities in Canada.
Being a world-class mining centre, with a pool of mining experts, mining supply and technology companies, mining educators and raw mining production talent, Sudbury indeed has a lot going for it. It also helps that Sudbury is just a few hours’ drive, or a one-hour flight, from Canada’s largest city.
Dual-listed Wallbridge Mining has entered into a definitive agreement with CSE-listed Archer Exploration through which Archer will acquire all Wallbridge’s nickel property, assets, rights and obligations, including the Grasset property, to create a publicly-traded nickel exploration and development company.
Archer is backed by Inventa Capital, a Vancouver-based merchant bank founded in 2017 with the goal of discovering and funding opportunities in the resource sector. The nickel assets consist of 2 046 mining titles covering about 67 000 ha and include a 100% interest in the Grasset nickel sulphide project located in Quebec.
https://www.mining-technology.com/
Boasting around 830 million tonnes of nickel, the Kalgoorlie Nickel Project is one of the most exciting in Australia.
In March, the Australian Government awarded the Kalgoorlie Nickel Project (KNP), located in the Goldfields–Esperance region of Western Australia, ”major project status”, streamlining potential government approval for one of the country’s most exciting nickel projects.
The new status will make it easier for Ardea Resources, the Perth-based mining company behind the project, to get permits approved and to access additional sources of funding.
https://www.northernminer.com/
Shares of EV Nickel (TSXV: EVNI) jumped more than 50% in morning trading as the company’s latest drill results from its Shaw Dome project in Timmins, Ont., intersected high-grade nickel sulphide.
Highlights from the drill results included 14.30 metres grading 1.50% nickel starting from 311.8 metres in drillhole EV22-12, including 5.40 metres grading 2.96% nickel; and 5.50 metres grading 1.33% nickel starting from 373.50 metres in drillhole EV22-13.
The Russia-Ukraine conflict has created uncertainty over global supply of mined nickel – particularly high-grade nickel, which is used as battery-grade nickel in the electric vehicle (EV) industry – market research firm Fitch Solutions Country Risk and Industry Research (Fitch Solutions) said in its ‘Global Nickel Outlook’ report on July 8.
To illustrate the impact, last year, Russian mining company Norilsk Nickel alone provided about 17% of the global supply of class one nickel. In total, Russia accounts for about 21% of global class one nickel production, followed by Canada at 17%, Australia at 14% and China 10%.
(Bloomberg) — By 2:08 p.m. Shanghai time on March 8, it was clear that Xiang Guangda’s giant bet on a fall in nickel prices was going spectacularly wrong. Futures had just skyrocketed above $100,000 a ton and his trade was more than $10 billion underwater.
It was threatening not only to bankrupt Xiang’s company, but to trigger a Lehman Brothers-like shock through the entire metals industry and possibly topple the London Metal Exchange itself.
Market research firm Fitch Solutions Country Risk and Industry Research (Fitch Solutions) says automakers are increasing their upstream investments and supply contracts to secure enough battery metals, such as lithium, cobalt and battery-grade nickel, to drive forward their respective electric vehicle (EV) policies and to meet the decarbonisation targets set by governments globally.
Since the start of 2021, 21 such investments have been made – 16 of which were investments into lithium. These investments were made by automakers BMW, General Motors (GM), Tesla, Stellantis, Renault, Volkswagen (VW), Toyota, BYD and Ford.
https://www.northernminer.com/
Canada Nickel Company (TSXV: CNC; US-OTC: CNIKF) believes that its Crawford project in northern Ontario contains the fifth largest nickel sulphide resource globally, after a new estimate released by the company on July 6 more than doubled the project’s measured and indicated resource estimate.
Its latest measured and indicated resources now total 1.4 billion tonnes grading 0.24% nickel and 6.59% iron for 3.48 million tonnes of contained nickel and 93.9 million tonnes of iron. Inferred resources add 670.1 million tonnes grading 0.23% nickel and 6.85% iron for 1.55 million tonnes of nickel and 45.9 million tonnes of iron.
LONDON — The London Metal Exchange’s (LME) suspension of its nickel contract in March has led to a sharp drop in metals trading activity. Total LME volumes slumped by 21% over the second quarter relative to the first three months of 2022.
Nickel was unsurprisingly the biggest casualty with the Shanghai Futures Exchange (ShFE) nickel contract also going into deep freeze. But the chill effect has spread through all the LME’s core base metals products in the last three months, suggesting an exit by institutional players unhappy with the exchange’s cancellation of nickel trades, a decision that is now being challenged.
(Bloomberg) — JPMorgan Chase & Co. no longer has any exposure to the nickel bet that rocked global metals markets earlier this year, after a drop in prices on the London Metal Exchange allowed the tycoon at the center of the squeeze to exit his positions with the bank.
JPMorgan emerged as a central player in the fallout from March’s nickel chaos because it was the largest counterparty to the massive short position held by Chinese entrepreneur Xiang Guangda’s Tsingshan Holding Group Co.
https://www.northernminer.com/
Wyloo Metals made a big splash last year with its battle against Australian behemoth BHP for control of Ring of Fire junior Noront Resources. The private, Western Australia-based company, owned by Australian billionaire Andrew Forrest’s Tattarang investment group, outlined its vision for Noront’s high-grade nickel-copper-PGM Eagle’s Nest project early on.
The miner plans to build a net-zero mine that would process the nickel in-province and create a ‘future metals hub’ while awarding $100 million worth of contracts to First Nations-owned businesses and establishing a training and employment centre for northern and Indigenous communities.
Making the most of already mined elements can help meet future demand while reducing carbon emissions
Greg Dipple wants to turn the waste from nickel mines into large-scale carbon sinks. The idea, which he has developed over two decades, would help reduce the environmental impact of mining for metals that are highly sought after for electric vehicle batteries.
“We can see a pathway towards nickel mining in the future where it produces a net positive environmental benefit from the context of greenhouse gases,” said Dipple, a professor at the University of British Columbia and founder of Carbin Minerals, an environmental services company.
