Global insight

Western Areas to Cut 2016 CAPEX

Nickel miner Western Areas will defer nearly A$32.6-million in capital expenditure from 2016 to 2017 as it battles the sustained decline in nickel prices.

Monday, October 12, 2015

Asia Slowdown Stalls US$233M Manganese Mine

A planned US$233 million manganese mine at Matthews Ridge, Region One by Canadian firm Reunion Gold Corporation is at a standstill having been affected by the economic slowdown in Asia and other parts of the world making it difficult for the company to find fi...

Monday, October 12, 2015

Canada Benefits from the Nickel Tariffs Elimination

Under the TPP, nickel products would also benefit from Japan eliminating a 3% tariff within ten years. The country had also agreed to cut tariffs of up to 7.9% within ten years for petroleum products and Vietnam was expected to drop tariffs of up to 30% within...

Monday, October 12, 2015

Glencore Advances First Tranche of $30m Loan to PolyMet

TSX- and NYSE MKT-listed PolyMet Mining has received the first tranche of $6-million under a $30-million loan facility due on March 31, 2016, giving the project developer about $10.3-million working capital to advance its NorthMet copper/nickel/precious metals...

Monday, October 12, 2015

BHP to Cut 37 Jobs at Kambalda Concentrator

Mining giant BHP Billiton will cut some 37 staff from its Kambalda concentrator, in Western Australia, as third-party providers cut ore supply.

Saturday, October 10, 2015

Panoramic Ups the Nickel Resource at Savannah

Nickel miner Panoramic Resources has lifted the resource of its Savannah project, in Western Australia, by 54400t.

Saturday, October 10, 2015

Western Areas Completes Cosmos Buy

ASX-listed Western Areas has completed the A$24.5-million acquisition of the Cosmos nickel complex from diversified miner Glencore’s Xstrata Nickel Australasia Operations subsidiary.

Friday, October 9, 2015

Latin America’s Steel Imports from China Increase in First 8 Months

According to Latin American Steel Association (ALACERO), the rolled steel imports from China to the region increased by 5% between January and August, reaching 5.7 millon tons.

Friday, October 9, 2015
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