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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.
Mining Exploration Result Demand Slowdown, Nickel, Zinc, Copper Fall as Slumping Demand Boosts Inventories
Nickel, zinc and copper fell as a global economic slowdown weakened demand for industrial metals used in manufacturing and construction.
Copper mine gets cash infusion as it tries to secure loans
Atlas Consolidated Mining and Development Corp. and its joint venture partner has agreed to infuse additional funds in Carmen Copper Corp. (CCC), one of Atlas’ subsidiaries.
Atlas and Crescent Asian Special Opportunities Portfolio (Casop) will provide some $48 million to its copper mining unit “until January 2009 on a pro-rata basis,” Atlas said in a disclosure [...]
MBMI Subsidiaries Issued Nickel Mine Development Permits
MBMI RESOURCES INC. is pleased to advise that, the Company’s Philippine subsidiary has been granted all requisite mining, and environmental permits to commence development and mining on the Alpha nickel property in Narra, Palawan, Philippines. The granting of these permits marks a milestone in an extensive process and enables the Company’s subsidiary to commence the [...]
UPDATE 1-CVMR hopes to seal Philippine nickel deal in weeks
Canada’s Chemical Vapour Metal Refining Inc. (CVMR) said on Friday it was close to finalising a deal with Philnico Industrial Corp. to reopen the Nonoc nickel mine in the south of the Philippines.
Nonoc has the capacity to produce 41,000 tonnes of nickel a year or 3 percent of world demand and its possible revival would [...]
Mindoro Resources Ltd.: Update From Agata Nickel Laterite Project
Mindoro Resources Ltd. is pleased to provide an update from the Agata nickel laterite project, where five coring drill rigs are in operation. Both limonite and saprolite horizons of the laterite are substantially thicker than anticipated, not only increasing tonnage potential, but also expanding market potential for the higher-value nickel material in the saprolite [...]
Sumitomo Metal to boost nickel production by 2013
Major Japanese metals smelter Sumitomo Metal Mining Co. said on Monday it aims to nearly double its nickel output by 2013 to catch up with global majors such as Norilsk , the world’s top producer.
Sumitomo Metal plans to boost output capacity of nickel, a key ingredient in stainless steel, to 100,000 tonnes a year by [...]
China Reports 3.78Mt of Nickel Ore Imports Last Year
China imported 3.78 million tonnes of nickel ore last year, a 6.8-fold increase compared with the previous year, according to statistics released by the General Administration of Customs.
Total nickel ore imports amounted to RMB 3.41 billion ($440 million) in 2006, 1.5 times the amount for 2005. However, average import prices declined by 67.7% to RMB [...]
Chinese imports of nickel ore to surge
Atlas Consolidated Mining & Development Corp has said it plans to ship 45,000 metric tons of low-grade nickel ore from the Philippines to China this month, more than doubling January’s exports to the world’s biggest consumer of refined nickel.
The company, the second-largest Philippine miner by market value, exported 19,000 tons of the ore to China [...]
