mineral exploration project – commodity prices – mining stock- trade and market

First Nickel Inc. is pleased to announce that it has entered into an engagement letter to appoint Societe Generale and Commonwealth Bank of Australia to act as exclusive lead arrangers for a senior secured project loan facility up to CAD$30 million. Any commitment by either Lead Arranger will be subject to, among other things, internal credit approval, due diligence, receipt of any government and regulatory approvals and definitive legal documentation, including the provision of a separate commitment letter.

An initial cash arrangement fee was paid to the Lead Arrangers upon signing of...

The union and Xstrata Nickel in Sudbury, under pressure from a looming strike deadline, reached...

Canadian base-metals-miner HudBay Minerals expects to make a final decision on whether to proceed with the Fenix nickel project, in Guatemala, around the middle of next year, CEO Peter Jones said on Wednesday.

The company is trying to come up with a low-cost power solution for the project, which is bought last year when it acquired Skye Resources,

Brazil’s Vale has begun mining ore at its Goro nickel mine in New Caledonia and expects the processing plant to begin production early next year, a company spokesman said on Wednesday.

“It should be up and running in January,” said Cory McPhee, a spokesman for Vale Inco, the company’s Toronto-based nickel wing.

The Department of Environment and Natural Resources has issued an environmental compliance certificate for a nickel mining project of the Norway-based Intex Resources on Mindoro Island.

NS Silver Corporation has entered into a Letter of Intent pursuant to which SNS has received the exclusive option to acquire 100% of Northern Nickel Mining Inc.’s interest in the Golden Rose Mine consisting of 15 mining leases and 31 mining claims located in Afton and Scholes Townships in the Sudbury Mining District of. Ontario.

Nickel futures prices traded downwards in line with subdued overseas trend on concerns over demand.

At the MCX, nickel for far month December delivery contract fell by 2.98% at Rs 831.60 per kg with turnover in 6 lot. It opened at Rs 842.90 per kg as compared to its previous close of Rs 857.10 per kg.

Chinese nickel company Gobimin dumped its nickel assets and is embarking on a new business model of becoming a vertically integrated silver marketer and silver refiner to serve China’s domestic market.