Nickel - Copperbelt Katanga Mining

Enterprise Nickel Mine is edging closer to completion, and becoming a global top-10 nickel mine 1

The 8 May 2022 announcement that Enterprise Nickel Mine would be brought online within 12 months after a final $100 million cash injection from First Quantum Minerals (FQM) was met with much fanfare, during a buoyant week for Zambia at the Investing in African Mining Indaba. Mining For Zambia takes a look at the progress that has been made in the weeks following the news, and the impact that a large-scale nickel mining operation will have on North-Western Province and Zambia as a whole. *** Fifteen kilometres from First Quantum Minerals’ (FQM’s) Sentinel… Read More Here

Mining in Zambia Copper Nickel

First Quantum Announces Board Approval of US$ 1.25 Billion for the Kansanshi S3 Expansion and Enterprise Nickel Project

May 9, 2022May 9, 2022 arnbethnic1 Comment

First Quantum Minerals Ltd. is pleased to announce that the Company’s Board of Directors has approved the S3 Expansion at the Kansanshi mine and the Enterprise nickel project. “First Quantum has been working constructively with the Government of Zambia’s New Dawn administration as part of their efforts to reform the mining sector, attract investment and increase Zambia’s copper production. The approval of the projects reflects First Quantum’s increased confidence in the investment climate in Zambia,” commented Tristan Pascall, Chief Executive Officer. “The S3 Expansion and the Enterprise nickel project are… Read More Here

Copper International Nickel

Copper, nickel prices spike as Europe scrambles for metal

March 3, 2022March 3, 2022 admin

On Wednesday, copper prices continued to rise with May futures jumping to a high of $4.7050 a pound ($10,373 a tonne) in New York, levels last seen during the bellwether metal’s October spike – in sight of record territory. Aluminum hit a record high of $3,590 a tonne and the price of nickel raced to an 11-year peak above $25,000 a tonne. Concerns about supply disruption and low global stockpiles are behind the move higher, trumping concerns over the impact of the Ukraine invasion on global growth, rising interest rates in… Read More Here

Nickel International

Nickel price reaches its highest level in a decade at 25,000 USD per ton

February 24, 2022February 24, 2022 admin

Nickel hit $25,000 a tonne for the first time since 2011, extending a rally driven by dwindling global inventories and fears that tensions in Ukraine could disrupt supplies from the main Russian producer. The metal, used in stainless steel and rechargeable batteries, rose 3.2% to $25,135 a tonne. It is the best performer on the London Metal Exchange this year, climbing amid a flurry of forecasts that supply will lag behind rapidly growing demand from the electric vehicle industry. Commodity investors were weighing the potential damage of sanctions on Russia after… Read More Here

Battery Metals International Nickel

Electric vehicle battery demand surge supercharges nickel

February 22, 2022February 22, 2022 admin

Nickel rose to its highest level in more than a decade on Monday morning. London Metal Exchange (LME) three-month nickel has broken through January’s high of $24,435 per tonne to reach $24,610, a level last traded in 2011. Time-spreads remain in the grip of a ferocious squeeze, the cash premium closing last week valued at $465 per tonne. The huge incentive for LME delivery has drawn some metal into exchange warehouses but not enough to halt the running downtrend. The possibility of sanctions on Russia, which accounts for about 7% of… Read More Here

Copper Gold International Nickel Zinc

Glencore’s output falls amid COVID Challenges

February 3, 2022February 3, 2022 admin

Switzerland-based mining company Glencore saw the production of most of its minerals fall year-on-year (YoY) in 2021 as the COVID-19 pandemic continued to affect operations. The company saw falls in copper, zinc, lead, nickel, gold and silver production. The most significant drop was in lead, which declined by 14% YoY to 222,000 tonnes, followed by gold, which fell by 12% YoY to 809,000 tonnes. However, the miner did see an increase in ferrochrome production output, which jumped by 43% to 1.46 million tonnes, and coal-coking, which rose by 20% to 9,100 tonnes. Despite… Read More Here

Cobalt Battery Metals Lithium Nickel

Glencore, Managem partner to recover cobalt, lithium, nickel from recycled batteries

January 26, 2022January 26, 2022 admin

Diversified miners Glencore and Managem have entered into a partnership to produce cobalt from recycled cobalt, nickel and lithium at Managem’s Compagnie de Tifnout Tiranimine (CTT) hydrometallurgical refinery in Morocco. Glencore and CTT intend to enter into a five-year tolling agreement for 1 200 t/y of recycled cobalt, as well as nickel hydroxide and lithium carbonate. The partnership forms part of Glencore and Managem’s commitments to support the electric vehicle industry in achieving its metals recycling targets. The partnership is conditional on a feasibility study to assess the commercial viability of… Read More Here

Nickel International

Tesla signs $1.5 billion deal for nickel from Talon Metals’ Minnesota project

January 13, 2022January 13, 2022 admin

Tesla on Monday said it has signed its first US supply deal for nickel, tapping Talon Metals Corp’s Tamarack mine project in Minnesota. Under the terms of the deal, which Talon (TSX:TLO) said came after “extensive and detailed” due diligence and “lengthy negotiations,” Tesla will buy 75,000 tonnes (165 million pounds) of nickel over six years, with an option to increase the delivered tonnage. Based on the ruling nickel price the deal is nominally worth more than $1.5 billion. Any iron and cobalt by-products at the proposed mine are also part of the deal.… Read More Here

Battery Metals Lithium Nickel

Kabanga says Tanzania mine may answer Elon Musk’s nickel plea

November 19, 2021November 19, 2021 admin

Kabanga Nickel Ltd. is seeking to raise $1.3 billion for a massive mining project in Tanzania that the company says could help ease electric-vehicle manufacturers’ insatiable demand for nickel. “We are accelerating this kind of discussions as quickly as possible,” Chief Executive Officer Chris Showalter, a former investment banker, said in an interview. “Because of the quality of the project, we have developed a substantial interest.” Kabanga is trying to secure funding for a $950 million mine and $350 million refineries that would be developed simultaneously in the northwest part… Read More Here

Nickel

Kabanga Nickel Project Issued Special Mining Licence

October 28, 2021October 28, 2021 admin

Highlights• Special Mining License issued for the Kabanga Nickel Project by the Government of Tanzania.• The first Special Mining License granted by Government of Tanzania in ten years.• With a Framework Agreement, and a transferred Environmental Certificate for immediate update in place, the project is uniquely positioned to advance.• SML issue a clear vote of confidence for the project and team.• Country and site teams already mobilised to ramp-up pre-development activities. Kabanga Nickel Limited (“Kabanga Nickel”) is pleased to announce that Tembo Nickel Corporation Limited, the local partnership with the… Read More Here