This week’s Bulls N’ Bears Runner of the Week is … Iceni Gold. Other “WA Budget week” runners include Alliance Nickel,OZZ Resources and Caprice Resources.
The torrent of cheap nickel from Indonesia has claimed more Australian jobs with Canadian miner First Quantum to put its WA mine into care and maintenance.
Copper is shaping up as a star for the mining giant,as it edges closer to making a final call on its nickel business in West Australia.
America’s national security and the health of the planet depended on commodities managed by Australia,Caroline Kennedy told Paydirt Battery Minerals Conference in Perth.
Mining giant BHP has taken a big hit to its half-year profit after writing down its WA nickel operations and setting more money aside to deal with its Samarco mine disaster in Brazil.
A dig into the mining giant’s numbers tells quite a story about the significant changes it has made to how it is spending the vast volumes of cash it is generating.
Nickel was a rising star of Australia’s battery-driven green energy mining boom,but then events in Indonesia changed everything.
The global collapse of nickel prices and rising costs related to the 2015 Samarco dam disaster has forced the Australian mining giant to write down the value of its operations.
Battery minerals specialist IGO will close its Cosmos nickel mine in WA’s Goldfields before it is fully complete,slashing 400 jobs.
WA’s troubled nickel sector is pleading for government help to withstand a price slump caused by booming production from Indonesia.
Lower prices are crushing Australia’s $5 billion nickel sector with BHP to close an ore processing plant after major customer Wyloo Metals announced mine shuts.