Australian nickel refinery workers sacked without entitlements
Hundreds of workers retrenched at Queensland Nickel’s (QN) Yaulu refinery remain in limbo, without jobs or entitlements, despite schemes being proposed by the owner, mining magnate Clive Palmer, and an investment group to eventually reopen the facility. |
Norilsk Nickel: Generating Returns Despite Weak Commodities Prices
Norilsk Nickel (OTCPK:NILSY) believes that current nickel spot prices are not sustainable. The nickel market showed low price elasticity in 2015, with production cuts coming mostly from Chinese nickel pig iron producers and a number of mines operating at neg... |
Output cuts halt nickel price fall, more mine closures needed
Nickel's freefall may have halted as output cuts move the chronically oversupplied market towards deficit, but prices are unlikely to recover sharply unless more loss-making mines close. |
Norilsk Nickel: Lossmaking Miners Must Cut Nickel Output
The Financial Times reported that Pavel Fedorov, vice president of major nickel producer Norilsk Nickel (MCX:GMKN), has warned that nickel prices are unlikely to rise unless “lossmaking producers start to shut mines and close production.” |
Palmer lists nickel demands
Clive Palmer's embattled north Queensland nickel refinery will only be saved if five demands are met, the businessman-turned-politician says. |
Huge Minnesota Copper-Nickel Mine Clears Environmental Hurdle
Minnesota is on its way to developing its first copper-nickel mine, with the state's Department of Natural Resources deciding last week to approve a complex environmental analysis of the project. |
Madagascar Mine Selects Wenco’s Fleet Management System
Diversified Canadian resources company Sherritt International has selected fleet management systems company Wenco to provide a fleet management system (FMS) for its Ambatovy nickel mine, in Madagascar. |
Western Areas Swings to A$20m Half-Year Loss
The falling nickel price has pushed Western Areas into an after-tax net loss of A$20-million for the six months ended December, compared with a net profit of A$23.6-million in the previous corresponding period. |
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