Nickel might remind you of a shiny five-cent coin, but there’s more to it than meets the eye. With the increasing demand from low-carbon technologies, this metal is dancing with the devil, both in its uses and its volatile price. Nickel’s Resume: Mostly found giving stainless steel its oomph (about 70% of world demand), nickel’s now stealing the limelight in...
The future of the global transition to electric vehicles is intricately linked to a remote region in Canada – the Ring of Fire. The Untapped Wealth: Located in Northern Ontario, far from any major roads and surrounded by dense forests and peat bogs, the Ring of Fire is recognized by industry experts and government officials as a crucial reservoir of...
Glencore has announced it will stop financing Koniambo Nickel (KNS) in New Caledonia by February 2024, unless a new financial solution is found. Glencore, a 49% shareholder, is KNS’s sole financier. This move raises concerns over the future of the plant and its 1,350 employees, amid rising production costs and competitiveness challenges facing New Caledonia’s nickel industry. Check out more...
Embarking on a Geological Odyssey Estrella Resources, known for its mastery in nickel discovery, is steering its investigative prowess towards unearthing lithium treasures at its Carr Boyd project in Western Australia. Armed with a myriad of geological and geophysical data, Estrella seeks to decrypt the geological sonnets encrypted within the rocks of this famed terrain. Carr Boyd’s Nickel Legacy Historically,...
Perth-based NiCo Resources is positioning itself as a key player amidst the increasing global nickel demand, with a renewed focus on the Wingellina deposit in the Musgrave region. A deposit that, until now, faced decades of stagnation due to resistance from traditional owners and challenging economics. A Storied History of Wingellina The Wingellina deposit’s narrative began 65 years ago when...
Philex Mining Corp., led by Manuel V. Pangilinan, has unveiled plans to seek partners as it enters the nickel mining sector in Zambales, aligning with the global transition toward clean energy. During the Mining Philippines conference, Philex President and CEO Eulalio Austin revealed the company’s interest in the nickel industry, in addition to its ongoing development of copper and gold...
Bayrock Resources, backed by QX Resources, has announced an expansion of the mineral lease area for its promising Vuostok nickel-copper project located in Northern Sweden. QX Resources, led by Steve Promnitz, acquired a 39% stake in Bayrock Resources, an unlisted Australian company with a portfolio of nickel-copper-cobalt projects in Sweden, in July. The Vuostok project is situated approximately 60km northwest...
The U.S. Department of Defense has awarded a grant exceeding $20 million to mine developer Talon Metals, which is actively exploring for nickel deposits in the geologically unique region spanning parts of Minnesota and Michigan’s Upper Peninsula. Nickel plays a crucial role in aerospace and electric vehicle battery manufacturing, with Talon committed to supplying automaker Tesla with 165 million pounds...
Inomin Mines (TSXV: MINE), the 100% owner of the Beaver-Lynx critical minerals project, has announced promising findings from the initial drilling at the South zone. Hole B23-01 yielded significant concentrations of 23.03% magnesium, 0.19% nickel, and 0.39% chromium. Meanwhile, hole B23-02 returned notable values of 21.09% magnesium, 0.17% nickel, and 0.34% chromium. The Beaver-Lynx property, situated approximately 50 km from...
Leading mining services provider Thiess has been awarded a substantial AU$240 million contract for nickel mining operations by PT Halmahera Sukses Mineral, marking its second successful venture into the Indonesian nickel market in 2023. Over the course of this 3.5-year contract, Thiess will oversee the complete spectrum of mining operations, encompassing mine development, haul road construction, ore loading, and hauling....
