Glencore Moves to Raise $2.5bn

Diversified mining and marketing company Glencore is taking steps to raise $2.5-billion worth of equity capital by placing shares with existing and new institutional shareholders as well as directors and employees.

Thursday, September 17, 2015

Silver Swan Sale Falls Through

Nickel miner Poseidon Nickel is developing an alternate strategy for its Silver Swan project after a sales agreement with Caeneus Minerals fell through.

Tuesday, September 15, 2015

Antam Expects Annual FeNi Production to Be 30,000 Tons Thanks to Expanded Pomalaa

PT Antam Tbk, Indonesia announced at the end of last week that the expansion project for Pomalaa plant was completed at the end of July, and No.5 oxygen plant as part of this project started operation.

Monday, September 14, 2015

Zambia Nickel Project Nearing Completion

It is expected that base-metals miner First Quantum Mineral’s Enterprise nickel mine will start operation later this year or in 2016, depending on nickel market conditions.

Friday, September 11, 2015

Zambian Mining to Experience Downturn

The Zambian mining sector is reeling from the effects of the global commodity-demand slowdown, which is mainly attributed to lower demand from China, and lower copper prices, says strategy and communications consultancy africapractice regional analyst Sinethem...

Friday, September 11, 2015

Sirius Shares to Cease Trading on Sept 11

The Federal Court of Australia has approved ASX-listed miner Independence Group’s takeover of fellow-listed Sirius Resources.

Thursday, September 10, 2015

US’s Nickel Scrap Exports Increase in July

According to the United States Department of commerce statistics data released that US’s nickel scrap exports reached 2044 tons in July this year, an increase of 8.3% year on year. In January-April, US’s nickel scrap exports totaled 15,111 tons.

Thursday, September 10, 2015

Independence Revises Long Mine Plan

Diversified miner Independence Group has revised its mine plan and cut staff numbers at its Long operation, in Western Australia, in response to the current weakness in the nickel price.

Wednesday, September 9, 2015
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