Vale to sell stake in nickel producer to Indonesia’s Inalum

Brazil iron-ore miner Vale said on Friday in a securities filing that its Canadian subsidiary had reached an agreement to sell a 20% stake in the nickel producer PT Vale Indonesia to state-controlled PT Indonesia Asahan (Inalum). Vale's Canadian subsidiary will receive $290-million for the sale, in which Sumitomo Metal Mining is also participating.

BHP buys Norilsk tenements in WA

Diversified miner BHP has struck a deal with the Australian arm of major Norilsk Nickel to acquire the Honeymoon Well nickel project, in Western Australia. The Honeymoon Well nickel project comprises the Honeymoon Well development project and a 50% interest in the Albion Downs North and Jericho exploration joint ventures (JV). BHP Nickel West is currently a 50% shareholder in the Albion Downs North and Jericho JVs.

Woodmac predicts surge in nickel in sulphate demand

Demand for nickel in sulphate from the electric vehicle (EV) market is expected to reach some 800 000 t/y by 2035, while production is expected to rise from the 211 000 t produced in 2019 to peak at 450 000 t by 2027, says consultancy firm Wood Mackenzie (Woodmac). “Existing and would-be nickel producers are being drawn to the possibility of manufacturing sulphate to benefit from perceived premiums payable on nickel sulphate sales. While premiums have long been recognised in the plating sector, it is less clear in the EV battery space. The only visibility on pricing is Chinese selling prices,” Woodmac research director Andrew Mitchell said.

Nickel market to evolve as EVs, role-players and projects change

The international refined nickel production and trade market will evolve in the coming decade as China's large nickel deficit, driven by the electric vehicle (EV) success story, and Russia's slowly falling nickel surplus, driven by a thin project pipeline, opens opportunities for other producers, says financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch). The company further notes that Indonesia will be one of the outperformers over the coming years, as it is well positioned to service Chinese demand owing to its close geographical location and rising domestic refined nickel production capacity.

Indonesia nickel ore export ban to remain -mining ministry director

Indonesia will keep in place a ban on the export of nickel ore even as it relaxes exports of some other minerals under revisions to its mining law, the director of minerals at the country's energy and minerals ministry said on Thursday. Indonesia's parliament passed revisions to its mining law last month, allowing miners building smelters to export ore for the next three years. But the revisions stipulated that the government can rule against the export of specific ores under a separate regulation.

Indonesia nickel ore export ban to remain

Indonesia will keep in place a ban on the export of nickel ore even as it relaxes exports of some other minerals under revisions to its mining law, the director of minerals at the country's energy and minerals ministry said on Thursday. Indonesia's parliament passed revisions to its mining law last month, allowing miners building smelters to export ore for the next three years. But the revisions stipulated that the government can rule against the export of specific ores under a separate regulation.

Atlantic Nickel’s Santa Rita achieves strong performance

Nickel exploration, mining and beneficiation company Atlantic Nickel  says its Santa Rita mine, in Brazil, remains operational, with limited disruptions  to the supply chain as a result of the Covid-19 pandemic. The mine completed its second and third shipments ahead of schedule and has produced more than 30 000 t of nickel concentrate to date.

Mincor eyes Kambalda start before year-end

Junior Mincor Resources has awarded an underground mining contract for its Kambalda nickel operation, in Western Australia, to Pit N Portal. The contract will span the first five years of underground mining at the new Cassini nickel mine, where early surface work was recently completed, as well as a three-year contract, and a possible two-year extension period, at the Northern Operations, which include the brownfield Durkin North and Long nickel mines. Mincor on Thursday said that it was targeting the start of mining operations in the second half of this year, subject to board approval and a final investment decision on the Nickel Restart plan.

Mincor eyes Kambalda start before year end

Junior Mincor Resources has awarded an underground mining contract for its Kambalda nickel operation, in Western Australia to Pit N Portal. The contract will span the first five years of underground mining at the new Cassini nickel mine, where early surface work was recently completed, as well as a three year contract, and a possible two year extension period, at the Northern Operations, which include the brownfields Durkin North and Long nickel mines.