A nickel mining hub in the southern Philippines, which produces mostly high-grade material, has suspended extraction operations indefinitely as the regional government conducts an industry audit, a top government official told Reuters on Monday. The government of Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) has suspended operations of all four mining companies in its jurisdiction, said Environment, Natural Resources and Energy Minister Abdulraof Abdul Macacua.
The Philippines' mining watchdog has recommended lifting the suspension of a small-sized nickel miner, one of several ore producers ordered in 2016 to halt operations in an industry-wide crackdown, a senior government official said on Wednesday. The Mines and Geosciences Bureau (MGB) recommended that Zambales Diversified Metals Corp - one of two nickel subsidiaries of DMCI Mining Corp - be allowed to resume mining operations, Environment Undersecretary Analiza Teh said.
Indonesia has confirmed it will ban exports of nickel ore from January 2020 — two years earlier than expected. The Southeast Asian nation is the...
Macro research firm Fitch Solutions says global nickel production growth will remain strong this year, driven by ongoing supply recovery in Indonesia and a return to positive production growth in the Philippines. This strong production growth is despite subdued performances in major markets such as Canada, Australia and Russia.
Nickel Mines said on Monday the company and its Chinese partner in the Hengjaya Nickel Industry (HNI) project in Indonesia have agreed to amend two contractual terms, including limiting the option for the miner to raise its stake in the project. The move comes at a time when Indonesia has said it would stop nickel ore exports from January 1, 2020, two years earlier than initially indicated, as it speeds up efforts to process more of its resources at home.
Canadian miner First Quantum Minerals is planning a restart of its Ravensthorpe nickel mine, in Western Australia, early in 2020. Director of exploration Mike Christie told delegates at the last day of Paydirt’s Africa Downunder conference, that production at Ravensthorpe would be ramped-up to between 20 000 t/y and 30 000 t/y of nickel over the next few years.
Higher nickel prices has prompted ASX-listed Poseidon Nickel to take the decision to restart its Black Swan operations, in Western Australia. The Poseidon board has approved an accelerated programme of work which will include the rehabilitation of mine escape ladderways at the Silver Swan mine, the rehabilitation of all access ways and structures at the Black Swan plant, and the dewatering of the Black Swan openpit mine.
ASX-listed Centaurus Metals has executed a formal sale and purchase agreement with Brazilian major Vale over the Jaguar nickel sulpide project, following board approval from Vale. Under the terms of the agreement, Centaurus would make an initial $250 000 cash payment and transfer its Salobo West exploration license and exploration license applications to Vale.
Indonesia's ban on nickel ore exports could boost the country's earnings from the metal five-fold in the next five years through growth in industries such as stainless steel and battery materials, a minister said on Wednesday. In a move that threatens to cut global supply, the world's top nickel miner said this week it would stop nickel ore exports from January 1, 2020, two years earlier than initially indicated, to promote more domestic processing.
Indonesia will enforce a complete ban on the export of raw nickel ore from January 1, two years earlier than planned, as the nation seeks to lock in supplies for dozens of smelters that are under construction and buttress a drive to build out local processing capacity, an official said. The suspension is also in line with a plan to preserve low-grade nickel ore containing cobalt and lithium for use in electric batteries, Bambang Gatot Ariyono, director general for mineral and coal at the Energy and Mineral Resources Ministry, told reporters on Monday. Miners with outstanding permits to export nickel ore may ship the mineral until the year-end, he said.