Norilsk Nickel has prolonged its preliminary offer to sell a one-percent stake in Polyus Gold, equaling to 1,920,826 common shares, until March 25, the Russian nickel and palladium producer’s documents state. It was announced earlier that UBS, Norilsk Nickel’s agent and financial advisor for the deal, was to receive the initial offers no later than […]
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’ […]
ZINIFEX Ltd has prevailed with its $790 million, three-month takeover battle for Allegiance Mining NL, announcing it has gained control of the nickel miner.
Lead and zinc miner Zinifex, which was born from the ashes of the failed Pasminco Ltd, said it had increased its stake in Allegiance to 51.1 per cent from 44.78 per cent […]
Poseidon Nickel announced that it has commenced the trial rehabilitation of the underground decline at its Windarra Nickel project. The decision follows a recent announcement that the Company has gained the necessary approvals and has started removing water from the underground decline. The dewatering programme has advanced more quickly than anticipated and has now exposed […]
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 […]
The size and composition of some Australian coins may have to change due to the soaring cost of copper and nickel.
This year the metal value of the 5c, 10c and 20c coins will overtake their face value for the first time, News Ltd reported.
The metal content in 10c, 20c and 50c coins was now worth […]
As Emu Nickel recently reported (ASX release 26 February 2008), a 1,266 line-km Versatile Time Domain Electromagnetic (VTEM) was flown by Mincor Resources over several target areas within the Kambalda West Joint Venture tenements in December 2007.
Emu’s analysis of the results of this extensive survey has identified 10 strong VTEM anomalies each with characteristics […]
Northern Mining reported encouraging nickel drilling results from the recently completed RC drilling programme on E25/268 at Blair North, 30km southeast of Kalgoorlie, WA. Nickel values intersected were up to 1.44% in BNRC 012. Significant intersections include: BNRC012 - 14m downhole (from 34m to 48m) @ 0.94% Ni (Laterite); and BNRC007 - 1m downhole (from […]
PAN AFRICAN MINING CORP. is pleased to announce that it has identified seven new nickel laterite targets within its license area in Madagascar. These targets were identified by the detailed analysis of recently flown airborne magnetic and radiometric surveys in conjunction with the processing of Landsat remote sensing data. Detailed analysis was performed by consulting […]
South Korea’s UBS Hana Asset Management, majority owned by the world’s largest wealth manager, said on Tuesday it will start a 260 billion won fund in December that will invest in a Madagascar nickel mine. South Korea’s government has decided to grant tax breaks to the fund, which will invest more than 70 percent of […]