Sherritt International Corp (Toronto-based diversified int’l mining co.) will acquire a controlling stake in the Sulawesi nickel project in Indonesia from Rio Tinto Ltd. (RIO) for an undisclosed amount.
Nickel Outlook Strong, Projects Risky, Macquarie Says
The outlook for the nickel market is “strong” on the back of growing stainless steel consumption, currently limited supply and the risk attached to new projects, Macquarie Group Ltd. said.
Mining the Seafloor for Rare-Earth Minerals
For decades, entrepreneurs have tried to gather up potato-size rocks that carpet the global seabed. Known as manganese nodules, the rocks are plentiful in nickel, copper and cobalt, as well as manganese and other elements, but lie miles down …
Nickel Demand Growth in China to Slow as Stainless Steel Expansion Cools
Nickel demand growth in China, the world’s biggest consumer, will slow this year as stainless steel production cools and as competition persists from lower-cost alternatives, said Beijing Antaike Information Development Co.
A History of Nickel Laterites
Nickel can be produced from either sulphides or laterite ore. About 72% of the world’s nickel resources are laterites found mainly in tropical locales such as Indonesia, Cuba, Brazil and New Caledonia.
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