Weekly Nickel News

Top Stories : November 7 to 13
Australian mining company Jervois Global has made the final investment decision (FID) to restart its 100% owned São Miguel Paulista (SMP ) nickel-cobalt refinery in São Paulo, Brazil. Under Stage 1, the SMP refinery is expected to produce 10,000 metric tonnes per annum (mtpa) of nickel and 2,000mtpa of cobalt metal cathode starting in Q1 2024.

Magna Mining (TSXV: NICU) says the first mineral resource for its Denison nickel, copper and platinum group metals project in the Sudbury basin shows “significant potential.” Magna is exploring the restart of a past-producing underground mine and adding an open-pit operation to the site, also known as Crean Hill.

Canada Nickel Company Inc. today announced the results of further laboratory test results that build on the success of initial work on the In Process Tailings (“IPT”) Carbonation Process, which is a novel method for accelerated carbon capture that the Company believes has transformative potential.

ALX Resources Corp. is pleased to announce that recent surface sampling at the Flying Vee Nickel Project (“Flying Vee”, or the “Project”) performed as follow up to a 2022 airborne electromagnetic (“EM”) survey has returned values of up to 1.11% nickel and 0.42% copper from a historical trench located over a newly-identified EM conductor.

Canada’s First Quantum Minerals (TSX: FM) has begun programs at the Money nickel-copper-platinum group element prospect, as continues its 70% earn-in on Dreadnought Resources (ASX: DRE) ground. First Quantum has recommenced work with an additional 12km of fixed loop electromagnetic (FLEM) surveys underway at the prospect

Xander Resources Inc. (“Xander” or the “Company”) (TSXV:XND) (OTC:XNDRF) (FSX:1XI) is pleased to announce that it has engaged the services of Forage DCB Drilling of Rouyn-Noranda (“DCB”) to complete the near-term drill program at its Timmins Nickel Project (the “Property”) located in Timmins, Ontario.

Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the “Company” or “Green River”) is pleased to provide the following information regarding the mineralogy at its Quesnel Nickel Project, located 40 kilometers from the City of Quesnel, British Columbia, in the prolific Cariboo Mining District.

NickelSearch Ltd (ASX:NIS) has delivered “exceptional” metallurgical test-work results, unlocking value at the Carlingup Nickel Project near Ravensthorpe, Western Australia. Notably, the company’s preliminary ore sorting test-work has indicated nickel sulphides at Carlingup can be sorted based on magnetic induction and density.

Earnings/ Financial Results
Nickel Asia net income up 12% (The Manila Times)
NICKEL Asia Corp. announced an attributable net income of P6.90 billion, up 12 percent from the P6.17 billion reported during the same period last year. The company’s revenues rose by 2 percent to P21.51 billion in the first nine months of 2022 from P21.03 billion last year, owed largely to higher nickel ore prices and favorable exchange rates.

On the supply side, rising SHFE nickel pushed up the absolute spot prices, which weighed on the consumption though the spot premiums kept falling. In terms of NPI, NPI plants were still firm to their prices, but downstream stainless steel mills did not agree with such price hike.

Fund Raising/Grants
Archer Exploration (CSE: RCHR) has announced its fully subscribed $10 million private placement offering, previously announced in October. The offering will consist of 4.5 million in non flow-through units of Archer at a price of $0.66; about 4.2 million flow-through units at a price of $0.75 unit;

News Stories
From lithium to nickel to copper, the energy transition is driving a surge in mineral and metal demand. But while there’s growing recognition of the mineral supply challenge, there remains a disconnect between the scale of demand and what will be required to meet it.

Before Macron expressed opposition to deep-sea mining during the ongoing climate conference in Egypt, France’s position was somewhat ambiguous. At a UN conference in Lisbon in July, Macron said he wanted to put a stop to deep-sea mining

Australia’s resources sector is already one of the largest and most advanced in the world. Our well-established mining industry and world-leading mining equipment and technology make Australia an exceptional destination for critical mineral investment.

As a non-miner in the mining world, Jim Cooney championed the concept of sustainable development and pioneered the application of policies and procedures to improve the industry’s social and environmental performance.

Demand for Electric Vehicles is soaring-accelerated by climate change concerns. EVs reduce tailpipe emissions from cars, trucks and buses, which are responsible for 30% of greenhouse gas pollutants. The switch to EVs is worldwide and growing. The Simply Insurance website projects by 2040, 58% of global vehicle sales will be electric.

Australian mining magnate Andrew Forrest is pushing for a global moratorium on seabed mining, saying the world risks destroying what it is yet to understand. Dr Forrest is in Egypt for COP27 and is using the climate summit to campaign against the extraction of seabed resources until the activity has the same protections as land-based mining.

The Department of Environment and Natural Resources (DENR) has identified nine million hectares of potential mining areas in the country as it vowed to boost the mining industry amid the country’s continuous economic setbacks that started during the Covid-19 pandemic.

Data from Statistics South Africa (Stats SA) yesterday showed that mining production shrank by 4.5% in September from a year ago after an upwardly revised 6.4% decline in August. The last time the industry experienced consecutive contractions of this magnitude was between February 2020 and February 2021, at the height of the Covid-19 pandemic

It comes amid a high-stakes international meeting in Jamaica that could have lasting effects on access to what some believe to be the key future source of key minerals used for electric vehicle batteries.

Electra Battery Materials Looks Set To Be A 2023 Cobalt Refiner And Battery Materials Recycler In Canada

The company has completed 174 of 240 planned drill holes at the Chalice West Project and has sent 1,130 samples to the laboratory for analysis. This work is testing for lithium, nickel, rare earths and gold among other elements.

Burgos municipality in Siargao Island, Surigao del Norte, is a recipient of some 2,400 seedlings of both fruit-bearing and non-fruit-bearing trees from a mining company. In a statement on Monday, Burgos town acknowledged the Hinatuan Mining Corporation-Taganaan Nickel Project (HMC-TNP) for the donation

Mining isn’t living up to its own hype

Metal Energy Corp. has provided an update on its high-grade nickel and copper-cobalt Manibridge project in the Thompson Nickel Belt, Manitoba. Currently, drilling is focused in the shadow of the past-producing mine that from 1971 to 1977 produce 1.3 million tonnes at 2.55% nickel and 0.27% copper.

Put Indian mining on the centerstage (The Financial Express)
Next week, from November 16 to 19, India’s flagship summit for the mining industry, the Global Mining Summit will take place in Kolkata. Delegates from India and the rest of the world will gather physically for the first time since 2018 to discuss big ideas and grand plans for India’s natural resources sector.

Sampling at three trenches, which were completed this Fall, at the 9 kilometre (km) long Lalonde nickel polymetallic surface mineralization has now been completed, the firm said Renforth Resources Inc – Visual mineralization was found within the north and south mineralized zones of the magnetic anomaly,” said Nicole Brewster, the CEO of Renforth

It’s no easy task to find a player capable of playing the nickel position at a high level. The best nickels have to be able to either stop the run or drop into pass coverage based on their own instincts and they better be right more often than not.

This is the sixth largest nickel sulphide resource held by an ASX-listed company and the largest outside of the majors, while its head-grade is beaten only by BHP’s Leinster Operations. Where it gets really exciting for the company is that the majority of the resource at the Brazilian project

DETERMINED to cash in on rapidly increasing battery electric vehicle (BEV) sales and soaring demand for minerals, nothing it seems is off the agenda for mining companies when it comes to procuring the ingredients needed to make batteries.

China has built up stakes in more than two dozen Canadian mining companies, including some of the industry’s biggest names. Canada’s latest crackdown on foreign investments in critical minerals is about to put a chill on such activity.

New mining projects seeking ultra-rare elements at formerly abandoned mine sites along tributaries to Idaho’s Salmon River offer to boost the United States’ domestic supply chain for things like electric vehicles, fire retardants and weapons.

The lithium batteries they are not all the same: let’s find out how they are madethe different features and types of construction of lithium accumulators made with different technologies, lithium batteries used on electric cars and those that will arrive in the next 5-10 years

Deep-sea mining is still in its infancy, but some companies are already looking to take the lead in this type of mining. ore, especially to produce batteries for electric cars, which need nickel in their composition.

Gemstone markets should be recession resistant despite the looming downturn in the global economy, predicted the boss of a leading supplier of emeralds and rubies. Sean Gilbertson, chief executive of FTSE-listed mining group Gemfields, told City A.M. he was optimistic about the company’s performance amid challenging economic headwinds.

Around 1,500m of reverse circulation drilling has begun at the Southern prospect within Mamba Exploration’s (ASX: M24) Calyerup Creek gold project in the Great Southern Region of Western Australia.

Venture Minerals Limited (ASX:VMS, OTC:VTMLF) (ASX:VMS) (OTCMKTS:VTMLF) has high hopes for its Golden Grove North Project in WA after confirming the potential for a large volcanic massive sulphide (VMS) body in maiden drilling at the Orcus prospect, according to managing director Andrew Radonjic.

Citing climate change, France on Thursday called for an international ban on deep sea mining, upending negotiations by a UN-affiliated organization to allow the exploitation of unique ocean ecosystems for valuable metals to begin within two years.

The company said: Teeside offers the ideal location for a plant of this scale, with access to the UK’s largest Freeport, a highly skilled local workforce, local government support and a rich heritage in the field of chemical processing.

BHP boss Mike Henry: The world won’t run out of metal for the EV revolution

Western Mines says the final assays from drilling at its flagship Mulga Creek Tank project in WA have confirmed disseminated sulphide mineralisation which appear similar in style to the mineralisation found at BHP’s Mt Keith Mine.

Preliminary data from a magnetotelluric, or MT survey across key targets 120km north of Perth has identified a suite of conductors for Tambourah Metals at its Bolgart East, Yerecoin and Wongan Hill South projects.

Toro Energy has unearthed high-grade gold results from geochemical assays of rock chip samples collected to the south of the company’s Golden Ways target that forms part of its Yandal gold project.

The mining analyst is independent with extensive experience in the industry; formerly with PearTree Securities as a mining analyst and started his career as a sell-side mining analyst with Laurentian Bank Securities (in 2008).

American Lithium Minerals, Inc. (AMLM) has a large portfolio of lithium and rare earth exploration properties in the United States. Progress is being made on several fronts.

We’re now embarking on a substantial drill campaign to test the extensions of that mineralisation and ultimately consolidate the Serradella discovery as a new PGE, nickel and copper resource of note and only the second in the West Yilgarn, said CEO Greg Miles.

6K Additive, a division of 6K, a leader in the sustainable production of engineered materials for additive manufacturing and lithium-ion batteries, and Fraunhofer Institute for Laser Technology ILT are collaborating to create a complete life cycle assessment (LCA) for additive manufacturing.

During the first half of 2022, 117,200 tonnes of lithium carbonate equivalent (LCE) were deployed onto roads globally in the batteries of all newly sold passenger EVs combined, an increase of 76% year-over-year.

As of October 28, China’s refined nickel stock from 27 social inventories was only 11,934 tons. The stock of nickel plates from LME[s Asian inventory was around 200 tons. Besides that, with entering the Rainy season in Philippines, the supply of nickel ore was tightened.

In this episode of the Essential Geopolitics podcast from RANE, the risk intelligence company, we turn our attention to Indonesia. In a recent analytical review, Scott Kardas wrote that the Indonesian government has decided to ban raw ore exports. Kardas, a RANE Asia-Pacific analyst, explains why Indonesia is banning raw ore exports.

As world leaders gather at the United Nations climate summit in Egypt this week, another international meeting is underway in Jamaica to decide the fate of the planet’s oceans. The UN-affiliated International Seabed Authority is convening in Kingston to fast-track regulations that could allow the mining of fragile and biodiverse deep sea ecosystems

GOVERNMENT has barred artisanal miners and lithium buyers who had thronged the Sandawana Mine in Mberengwa ultimately giving exclusive rights to the Zimbabwe Miners Federation (ZMF) through Kuvimba Mining House, who will buy the mineral while assisting the miners with equipment and other accessories.

Last week, one of the largest solar manufacturing plants in the country celebrated a major expansion not in California, or Texas but on Minnesota’s Iron Range. DFL U.S. Sens. Amy Klobuchar and Tina Smith were there to celebrate.

Investor Relations
Coming out of the weekend, wheat futures are down 3 to 5 cents. Friday’s wheat trade worked higher, offsetting the midweek Grain Corridor meltdown. On net, December SRW’s 7 1/4 cent gain into the weekend left the contract 18 1/2 cents above last Friday.

Nickel prices rose on Wednesday, handily continuing its surge above $23 thousand a tonne even as the dollar edged up as well. Investors await the outcome of the US mid-term elections which could lead to a new division in Washington, with Republicans expected to thwart social spending plans for Democrats.

The day’s bounce came after the release of the recent round of US inflation data, which showed an annual rise in the US consumer price index of 7.7pc in October, the smallest 12-month increase since January this year and well below analyst forecasts of 8pc.

There has been a noticeable increase in the market’s response to positive exploration results, and it is not just in the lithium space either. The switch over to a “risk-on” view of exploration follows a good six months or so of exploration results being ignored while the broader market and commodity prices found their found feet.

BHP has warned shareholders of short-term uncertainty as it moves to take advantage of global megatrends that need copper, nickel and steel. In the past year, BHP has offloaded its petroleum business to Woodside Energy, moved into potash as a century-long investment in food security, and switched its coal focus to high-quality exports for steelmaking.

China’s biggest nickel trader has got the go-ahead to list in Hong Kong, raising funds to expand its production output as demand is set to continue growing along with sales of electric vehicles (EVs).

Lundin Mining (OTCPK:LUNMF) (TSX:LUN:CA) is a large copper producer with assets all over the world. Although copper is the primary metal, let’s also not forget Lundin produces respectable amounts of zinc and nickel.

Widgie Nickel Post-September Quarter Update Webcast

Nanoporous particles exhibit a tremendous amount of surface area for a small amount of material and are quite useful for surface-dependent processes such as heterogeneous catalysis. Johnson Matthey, the Seeker for this Challenge

The Big Australian explored a number of themes at this week’s annual general meeting (AGM). BHP chair Ken MacKenzie highlighted the fact the miner’s portfolio is positioned to benefit from several so-called megatrends.

This week, world leaders are gathering in Sharm El Sheikh, Egypt for COP27, the 27th annual United Nations conference on climate change. This year’s conference carries with it the weight of the climate challenge, an enormous threat facing humanity

Indonesian nickel mines expose eco-costs of electric cars

Environment/ Climate
One of the biggest issues in mining is air pollution from both underground and above ground operations. During the mining process, numerous harmful aerosols are generated, such as quartz, silica, arsenic, diesel, and particulate matter. Permissible exposure limits, which determine how much aerosol can be inhaled without adverse health effects

THE fish kill phenomenon in Barangay Pintatagan in Banaybanay, Davao Oriental is allegedly caused by heavy siltation from mining operations in the area, according to local fisherfolk and environmental groups.

Billionaire miner and philanthropist Andrew Forrest has committed his Fortescue Metals Group to a moratorium on mining the ocean floor, warning that ecosystems could be destroyed before their value was understood.

The conference’s African setting is highly symbolic, with climate finance support from industrialised countries to climate-vulnerable countries in the global South set to top the agenda. Climate change is fuelling increasingly frequent and severe extreme weather events

BloombergNEF’s Allen Abraham wrote earlier this year about dynamics at play in Southeast Asia, where Chinese automakers are trying to gain a foothold in markets dominated by Japanese brands. Here in Indonesia, where BNEF is hosting a clean energy and transport event ahead of next week’s G-20 Bali and Business 20 summits, the push is visible on the ground.

Legal Action
BHP, nonetheless, reported $40.6 billion in earnings before interest, taxes, depreciation and amortisation (Ebitda), a 16% surge compared to the prior year. Free cash flows at $25.2bn were up by 30% while net debt came in at below $400 million, the company said.

Fund Raising/Grants
Ambitious battery metals play Jervois Global is set to go to shareholders for capital to restart the group’s Brazilian refinery. Street Talk understands Jervois Global has called in investment bank UBS to help arrange and underwrite a $200 million equity raising, which is slated to hit the market on Wednesday.

Management Change
SARIMU Kanu has been appointed as the new managing director for Kumul Minerals Holdings Limited (KMHL). KMHL chairman Nellie James made the announcement yesterday. “Under the KMHL constitution, the power to appoint a managing director lies with the board,” James explained.

Triple listed Jervois Global has taken a final investment decision on the restart of its Sao Miguel Paulista (SMP) nickel cobalt refinery in São Paulo, Brazil, while launching a A$231-million equity raise.

Research & Development
A research team led by Oregon State University is planning to develop a new rechargeable battery that could reduce the need for environmentally destructive mining of rare minerals like nickel and lithium and accelerate the clean energy transition.

Norilsk Nickel keeps plans of issuing digital financial assets (DFA) for baskets of metals, department director of the Russian mining and metals company told TASS on the sidelines of the Finopolis forum.

“We are already in early-stage discussions with potential strategic partners for the development of these projects and I look forward to completing this acquisition and finalising those negotiations which will add significant further value to our shareholders,” said executive chair Asimwe Kabunga.