Broad Investments advised that its mining exploration subsidiary, Pangaea Metals, has entered an agreement to acquire a second tenement within its Cardiff Castle project area, which is immediately to the south of Widgiemooltha in the Eastern Goldfields of WA. The ultramafic rocks that flank the Widgiemooltha Dome are highly prospective for nickel mineralisation and host […]
March 19th, 2008 – Posted in Nickel, Press Release
Talley Metals, a subsidiary of Carpenter Technology Corp., said Friday it is changing its surcharge mechanism to increase the nickel premium component to 38 cents per pound, due to strong market demand for nickel-based stainless bar products. The change in the surcharge will go into effect with shipments beginning Oct. 1.
Talley Metals sells stainless steel long […]
September 23rd, 2006 – Posted in General, Nickel
Metallica Minerals Ltd and joint venture partner Metals Finance Corp have entered into a nickel supply agreement with BHP Billiton Ltd. Shares in Metallica and Metals Finance jumped on the news, up 13.64 per cent and 10.64 per cent respectively at 1115 AEDT.
BHP Billiton has agreed to purchase all of the nickel from the mining juniors’ […]
March 21st, 2008 – Posted in General, Nickel
Merger activity, in general, has slowed because easy money has dried up around world. And the crisis in the banking system has had a chain reaction, which is also slowing things down. The mining industry, however, is an exception. It’s extremely cash flush with a tremendous boom in metals around the world.Viewed: 164 timesLength: 04:54
March 5th, 2008 – Posted in Uncategorized
LME copper for three-month delivery, which earlier hit a low of 5,650 usd a tonne, was at 5,660 usd against 5,750 usd at close yesterday. The LME said in a daily report earlier that stockpiles held in its warehouses rose 2,600 tonnes to total 199,450. Copper stocks are now nearly double what they were at […]
January 15th, 2007 – Posted in Copper, General
In a development that is claimed could see AIM-listed Weatherly International (WTI) gross US $1 billion, the company has partnered with Applied Intellectual Capital (AIC) of Reno, Nevada, US, to evaluate metal recovery from mine tailings dumps apparently owned by the junior mining company.
A brief emailed statement indicated that the parties would evaluate the recovery […]
December 11th, 2006 – Posted in General
Copper rose steeply Thursday and nickel reached another record high after China, the world’s largest consumer of industrial metals, said that its economy expanded at the fastest pace in 11 years.
Gross domestic product in China expanded 10.4 percent in the fourth quarter from a year earlier, the National Bureau of Statistics said. The economy grew […]
January 26th, 2007 – Posted in Copper, General, Nickel
Olin Corp., which makes copper alloys, ammunition, chlorine and caustic soda, warned Tuesday its first-quarter profit would drop sharply, hurt by softness in its chlor alkali and metals businesses. The company projects quarterly earnings of 25 cents per share, compared with the 47 cents per share earned a year earlier.
Olin said it expects chlor alkali shipment […]
January 30th, 2007 – Posted in General
GLOBEX MINING ENTERPRISES INC. is pleased to inform shareholders that First Metals Inc. (FMA-TSX) has entered into a Letter of Intent with Xstrata Copper Canada to custom mill and produce a copper concentrate at Xstrata’s facilities.
The confirmation of the availability of custom milling is regarded as a pivotal component in the rapid advancement of the […]
January 12th, 2007 – Posted in Copper, General, Press Release
Metals Finance Corp reported that it has been considering all appropriate off-take opportunities in respect to its Lucky Break nickel project. The Company announced that Product Supply and Technology Cooperation Agreements have been finalised and executed between MFC and the BHP Billiton Yabulu Nickel Refinery. These agreements significantly enhance the early development of the Company’s […]
March 21st, 2008 – Posted in Nickel
Nickel futures rose 6.6 percent on Friday to touch $26,000 a tonne, supported by sharp gains in copper as threats to the supply of both metals lifted prices. At 1500 GMT nickel was quoted at $25,950/26,250 versus $24,400 at Thursday’s London Metal Exchange (LME) close. Nickel hit a record $26,850 in July. Copper earlier spiked […]
August 6th, 2006 – Posted in General, Nickel
Norilsk Nickel expects its net profit under IFRS to slide to $5.3bn in 2007 from $5.96bn posted for the previous year, the Russian precious metals producer said in a memo prepared for the company’s annual general shareholders’ meeting scheduled for June 30. Meanwhile, the document states that, net of damage to business reputation, Norilsk Nickel’s […]
June 10th, 2008 – Posted in Copper, Nickel