Embattled nickel miner Poseidon Nickel is considering a standalone gold facility at its Windarra project, in Western Australia, while nickel prices remain in the doldrums.
Nickel miner Western Areas has reported its highest quarterly output since the December 2013 quarter, as its Spotted Quoll mine, in Western Australia, achived record production in the quarter ended September 30.
Base metal mines dipping into the red are proving unexpectedly resilient against output cuts, which is likely to prolong and deepen already weak prices.
Operations at Glencore’s Nickel Rim South mine in Sudbury, Ontario were suspended until further notice for a second day on Wednesday after a worker was killed underground on Tuesday morning.
The South African mining industry’s delicate make-or-break phase has been outlined by some of the sector’s leading lights who make it clear that only give-and-gain will prevent it from losing colossal value.
Brazilian iron-ore producer Vale has reported record production volumes for the period ended September 30, as production and productivity improvements more than offset the closure of its higher-cost operations during the period.
Philippines-Listed Nickel Asia Corp. saw a 40 percent drop in the value of its nickel ore shipments in the first nine months of the year despite a 12 percent increase in shipment volume.