Profit Continues to Elude Talvivaara Nickel Mine
Nickel – Reuters reported that Talvivaara, which was supposed to be Europe’s biggest nickel mine, continues to deal with problems and have had no success in ramping up production.
Articles Tagged "nickel news"
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.
African Eagle Dutwa Project Reinvestigation Shows Visible Nickel Mineralization
Nickel – Mining Weekly reported that a reinvestigation of the African Eagle Resources’ Tanzania property known as the Dutwa project showed visible nickel sulphide mineralization directly below the known laterite deposit.
Nickel Reaches 4-Month Low on Economic Growth Concerns
Nickel – Reuters reported that nickel reached its lowest in four months at $16,105 as concerns on economic growth casts doubt on the demand outlook.
Guatemala Awards 2 Mining Licenses to Nickel Companies
Nickel – Bloomberg reported that the Energy and Mines Ministry in Guatemala has awarded mining licenses to Minera San Rafael S.A and Compania Guatemalteca de Niquel, S.A. Both companies will mine for nickel and other precious metals.
Vulcan Minerals Closes Acquisition of Tasisuak Lake Nickel Property Interest
Nickel – Vulcan Minerals Inc (TSXV:VUL) announced that it has already closed its transaction with Nortec to acquire the latter’s 51% working interest in the Tasisuak Lake Nickel property and has also received all the needed regulatory permits.
First Nickel Announces 2012 Financial and Operating Results
Nickel – First Nickel Inc (TSX:FNI) announced the release of its financial and operating results for fiscal year ended December 31, 2012 which showed a revenue of $36.1 million and a net loss of $36.3 million.
Nickel Drops on China Property Concern
Nickel – Bloomberg reported that nickel dropped 0.5% to $16,885 on the London Metal Exchange on concerns that property curbs in China could negatively impact demand.
