PROJECT UPDATE: Royal Nickel Signs $15-million Royalty Deal
Nickel – Royal Nickel's Dumont project in the Abitibi region of Quebec was given a boost today with the announcement of a royalty purchase agreement with RK Mine Finance (Red Kite).
Articles Tagged "Nickel Company News"
Belvedere Increases Nickel Production in 2012
Nickel – Belvedere Resources Ltd. (TSXV:BEL) released its financial and operating results for 2012, commenting that it produced 2,282 tonnes of nickel and saw $28.9 million euros in revenue. That's up from 2011's 2,157 tonnes and $24.7 million euros in revenue.
Norilsk Nickel Likely to Suspend Botswana Operations
Nickel – Reuters reported that Russia’s Norilsk Nickel might halt operations at its nickel mine in Botswana due to a sharp drop in the prices of metals.
North American Nickel Closes First Tranche, Raises $4.4M
Nickel – North American Nickel Inc (TSXV:NAN) announced that its first tranche of non-brokered private placement garnered a gross proceeds of $4,458,345 through the issuance of 26,225,561 units. The proceeds will be used to finance the company’s Maniitsoq 2013 exploration and drill program.
Palmer Invests $1B on Yabulu Nickel Refinery
Nickel – Mining Weekly reported that Clive Palmer announced his plans to invest A$1 billion in an upgrade for Queensland Nickel’s Yabulu refinery that would include the construction of new plant facilities, railway, and a tailings treatment facility.
Bindura Nickel Ships First Ore from Trojan Mine After 4-Year Shutdown
Nickel – Mining Weekly reported that Bindura Nickel Corporation has made its first shipment to Durban from the newly restarted Trojan nickel mine in Zimbabwe after being idle for 4 years.
Melkior Resources Expands Claims in Ungava Nickel Belt
Nickel – Melkior Resources Inc (TSXV:MKR) announced that it has expanded its claims in the Ungava nickel belt in Quebec by map staking, acquiring 33 claims totaling 1,361 hectares.
First Nickel Announces Completion of Refinancing
Nickel – First Nickel Inc (TSX:FNI) announced that the company’s restructuring of all existing indebtedness has taken effect today, and this includes an increase of its revolving credit facility with Nova Scotia Bank to $15million and the extension of its maturity date to March 2015.
KWG Resources Provides Koper Lake Update
Nickel – KWG Resources Inc (TSXV:KWG) announced that the company has commenced its exploration program under the options agreement between Bold Ventures Inc. and Fancamp Exploration Ltd. According to the press release, a third drill is being done which will focus on nickel and other mineralization.
Pure Nickel Announces Results for First Quarter Ended February 28, 2013
Nickel – Pure Nickel Inc (TSX:NIC) announced the release of its operating highlights and financial report which showed a net working capital of $3 million and a net loss of $0.3 million.
