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Several Mining Companies Hold Plans New Mines Onstream
The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines onstream.
Albidon hedges Zambia nickel output
Australia’s Albidon Ltd has locked in high nickel prices for the first years of its flagship Munali project in Zambia, its managing director said.
Albidon is seeking to expand regional exploration, with exploration projects in four other African countries.
Construction is underway on the company’s Munali underground nickel mine, which is due to produce its first concentrate [...]
Mining round-up: Alexander, Griffin, Medusa, Berkeley, Patagonia Gold, Albidon
mid-tier base and precious metals mining company,” he added.
Griffin Mining cheered a record annual profit of $29.5m Monday, up from $0.3m in 2005, and declared a maiden dividend of 3 cents per share.
The figures for the 12 months to 31 December also showed revenue up to $48.8m from $6.1m, with the group expecting initial gold, [...]
Albidon delving for nickel/platinum/cobalt/copper camp in the Munali area of Zambia
Nickel exploration and development company, Albidon, believes a nickel camp is to be found within the Munali intrusion in Zambia and is continuing exploration and drilling here to increase the size of its prime Munali Nickel project and looking at prospective satellite orebodies.
Managing director Dale Rogers said after the Africa Mining Conference held in Livingstone, [...]
lbidon progresses on nickel and zinc while partner company outlines uranium anomalies
Albidon Ltd listed on both AIM and the ASX in March 2004 with a view to developing its portfolio of nickel-platinum projects in Southern Africa. The ticker symbol is ALD on AIM and ALB on the ASX; market capitalisation is approximately £109 million or US$215 million. The company states that its strategy is threefold: to [...]
Munali Nickel project seen as great story for investors
Albidon managing director Dale Rogers believes strongly that nickel demand will continue to exceed supply for several years as the industry has not succeeded in making many discoveries over the years.
Rogers told Mineweb, shortly after Albidon signed an offtake agreement with China’s top nickel producer, the Jinchuan Group, for its Munali Nickel project in Zambia, [...]
