Australian tycoon Forrest shuts nickel mines after prices crash
Wyloo Metals Pty Ltd., the private nickel producer owned by billionaire Andrew Forrest, is shutting down its Western Australian mines due to a sharp slump in prices for the key transition metal.
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Australia’s Nickel Mines drops share purchase plan amid market volatility
Mining News Pro - Australia’s Nickel Mines Ltd dropped its A$18 million ($13.24 million) share purchase plan (SPP) on Friday, in the wake of market volatility caused mainly by Tsingshan Holding Group’s short squeeze.
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Vale commits $122 million to extend Manitoba nickel mines life
Mining News Pro - Vale is investing C$150 million ($122 million) to extend its mining activities in the Canadian province of Manitoba by ten years.
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Mincor blasts way to Kambalda’s newest nickel mines
Mining News Pro - Mincor Resources has completed the first blasts at the Cassini nickel project and Northern Operations in Western Australia after mining contractor Pit N Portal mobilised at both sites.
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Nickel Mines raises first A$275m
Mining News Pro - Nickel Mines has successfully completed the institutional component of its A$364-million equity raising.
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Nickel Mines to boost pig iron output with $670m acquisition
Mining News Pro - Nickel Mines is set to expand its foothold in Indonesia by acquiring an interest in the Angel Nickel development project for a total consideration of $US490 million ($671.6 million).
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Nickel Mines raises first A$179m
Mining News Pro - Nickel Mines has completed the institutional component of its entitlement offer, raising an initial A$179-million.
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Nickel Mines increases pig iron plant interest to 60% for $US70m
Mining News Pro - Australian company Nickel Mines has increased its interest in an under-construction nickel pig iron plant in Indonesia by 35 per cent to 60 per cent for $US70 million ($97.3 million).
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Nickel Mines lists on ASX with $200 million IPO
Mining News Pro - An Australian nickel producer has completed one of the biggest IPOs on the ASX, officially entering the global nickel market.
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Visit: 1239