The price of the metal has risen due to speculation that unrest in Ukraine will disrupt nickel supplies from Russia.
Design problems at its largest nickel plant will see Anglo American unable to reach full output capacity for the next three years.
A Chinese mining group will invest $21.2-million to restart the Trojan nickel mine in Zimbabwe, which closed during the country’s political turmoil.
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/ 25 October 2010
With a grim smile on her face the till operator took out the cellphone tucked under her blouse and asked: "In what currency are you paying?"
Anglo-Swiss mining company Xstrata has made a friendly cash bid worth 4,6-billion Canadian dollars for nickel producer LionOre Mining International, the groups said in a joint statement on Monday. The offer for the Canadian group, worth -billion or €3-billion, comes as the price of nickel strikes record high points.
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/ 13 November 2006
Canadian rock band Nickelback’s South African tour, which had been due to kick off on November 25, has been postponed due to the band members’ ”chronic exhaustion” following an extensive American and European tour, promoter Kusasa South Africa said on Monday.
United States mining company Phelps Dodge sealed a -billion deal last week that will create the world’s largest nickel producer and the leading publicly quoted supplier of copper. The agreement is part of a frantic scramble for mining companies as the price of commodities is driven higher by the red-hot Chinese economy and its demand for raw materials.
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/ 17 February 1999
AFTER waiting for 25 years, Burundi has decided to develop the rich Musongati nickel deposit in the southern part of country by entrusting its exploitation to a Canadian-Australian company. With reserves of about 18-million tons of nickel laterite, the Burundian deposit is said to be among the three largest in the world, behind those of […]
WEDNESDAY, 11.00AM GENCOR is on the verge of increasing its share of world nickel production through a partnership deal with Australian producer Queensland Nickel. If the deal goes through, it will result in the formation of the third largest nickel producer in the world with an annual output of between 50 000 and 60 000 […]