Reuters reported that Nickel Asia Corporation, the Philippines' biggest nickel miner by output and sales, is looking to ramp up ore exports this year after record sales in 2014 as market expectations of a global supply shortfall persist.
On Jan.29th, the Baltic Dry Index (BDI) declined by 5% to 632point, recording the new low since 1986. In addition to the excess capacity, unstable demand and the dropping fuel costs, the shrinking demand of China was considered to be the main driving force.
Freeport-McMoRan (NYSE:FCX), the U.S. largest miner by market value and revenue, has slashed its capital budget for the year, while seeks funding for its natural oil and gas projects as the miner tries to protect itself from plunging commodity prices.
It was acknowledged that Eramen Minerals had already recovered the nickel ores production. the person in charge said they planned to sell the nickel ores from Jan. of 2015. There would be about 3-4boats nickel ores in Jan. and all of them would be medium or hi...
ONE of Australia’s biggest nickel mines has been temporarily shut as its owner, First Quantum Minerals Ltd, investigates the cause of a processing-plant rupture that resulted in a chemical spill.
After shelving its sale of Nickel West, BHP Billiton will be forced to keep the troubled unit out of its $US15 billion spinoff of unwanted assets amid analyst predictions it would damage the new company's credit rating.
Brazil’s Vale said that a revised nickel mining contract with Indonesia will raise maximum royalties, cut land holdings and require its Indonesian unit to sell another 20% of its shares to local investors.