Canadian miner Lundin Mining has agreed to sell its Eagle nickel/copper mine and Humboldt mill in the US to Talon Metals in a share-based transaction that will create a pure-play American nickel/copper company
The buyer will also pay Pacific Nickel a 1% royalty on nickel ore shipped from Kolosori, provided that monthly shipments exceed 170 000 t and benchmark prices on the Shanghai Metals Market average above $72/t.
ASX-listed junior Legacy Minerals has lodged an exploration licence application (ELA6901) over the Nico Young nickel/cobalt deposit in New South Wales (NSW) – a resource containing about one-million tonnes of nickel and 100 000 t of cobalt.
Nickel Asia Corp. is in talks to unload its minority stake in a key processing plant to Japan’s Sumitomo Metal Mining Co. as the Philippines’ top producer of the metal focuses on upstream mining and renewable energy businesses.