Metalpedia
Metalpedia
  • Nickel: news
  • 1. Parmelia Resources identifies nickel sulphide potential at Jaurdi Hills
  • Parmelia ResourcesParmelia Resources (ASX:PML) has identified significant nickel-sulphide potential at the new Dunnsville Nickel Prospect in the northeast of its Jaurdi Hills Project in Western Australia.
  • This follows independent analysis of historic soil geochemistry, drilling, mapping and aeromagnetics has identified nickel-sulphide potential at its Jaurdi Hills Project in Western Australia.
  • The prospect comprises two high priority and three low priority nickel-sulphide exploration targets spread along a 5 kilometre strike of the Jaurdi Ultramafic Belt.
  • The high priority targets are defined by coincident >500ppm nickel, 150ppm copper, 100ppm cobalt and >60ppb platinum-palladium soil geochemical anomalism.
  • The three low priority targets located between the Northern and Southern targets comprise smaller areas of >500ppm nickel coincident with >150ppm copper.
  • The anomalies were identified in legacy soil geochemical data from programs carried out by Coolgardie Gold in 1997 and Sentosa Mining in 2010.
  • Non-coincident peak assay results returned from these programs include 3470ppm nickel, 390ppm copper, and 305ppm cobalt.
  • A study by nickel exploration consultant Burke Geoscience has defined these previously unrecognised magmatic nickel-sulphide exploration potential at the new Dunnsville Nickel Prospect in the north-east of the Jaurdi Hills Project area.
  • Significantly, low manganese assay results returned from most samples suggests the anomalies are related to sub-surface geology or magmatic nickel-sulphide mineralisation rather than surficial scavenging by manganese oxide minerals present in the regolith profile.
  • The company now plans to refine targets for future drilling, and also continues to evaluate several additional nickel-sulphide exploration opportunities.
  • Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.
  • Source: Parmelia Resources identifies nickel sulphide potential at Jaurdi Hills-July 30, 2014 by Proactive Investors
  • 2. CAF Invests in the Largest Ferro-nickel Project in Indonesia
  • CAF Invests in IndonesiaBeijing, Hong Kong, Jakarta, 3 October, 2013 – China-ASEAN Investment Cooperation Fund (CAF) has signed an investment and financing agreement on 3 October, 2013 to develop a ferro-nickel smelter in Indonesia with Shanghai Decent Investment Group Co. Ltd. and PT Bintangdelapan Investama as partners. The signing was witnessed by the President of the People’s Republic of China Xi Jinping and the President of the Republic of Indonesia Susilo Bambang Yudhoyono at the China-Indonesia Business Luncheon held in Jakarta.
  • The joint venture forms a strong partnership between the second largest stainless steel producer in China, one of the largest nickel miners in Indonesia and CAF to build and operate the country’s largest ferro-nickel smelter. The project is located at the first and newly inaugurated China-Indonesia Industrial Investment and Cooperation Zone. The project will have an annual production capacity of 300,000 tonnes of ferro-nickel for export. The investment marks CAF’s first investment in Indonesia and the ninth in ASEAN.
  • Commenting on the investment, Mr. Li Ruogu, Chairman of both the Export-Import Bank of China and CAF said: “This project sets a milestone to support the growth and sustainability of Indonesia’s heavy industry, particularly the metal refinery industry.”
  • “This project is one of the most important offshore investments for Tsingshan Group. We are fully committed to the development of the nickel industry in Indonesia and within the ASEAN region,” commented Mr. Xiang Guangda, Chairman of Tsingshan Group.
  • Source：http://www.china-asean-fund.com/news-detail.php?id=11
  • 3. Colombia's Cerro Matoso ferronickel mine partly reopens
  • Cerro MatosoBOGOTA, Oct (KOSDAQ:039200.KQ-news) 10 (Reuters) - Colombia's Cerro Matoso, the world's No. 2 ferronickel producer, partially restarted operations on Thursday after indigenous groups protesting at its mine lifted their blockade of the entrance, enabling workers to regain access to the site.
  • Cerro Matoso, owned by mining multinational BHP Billiton (NYSE:BBL-news) , supplies 4 percent of the world's ferronickel. A surplus of nickel, the metal derived from ferronickel, has driven its price down around 20 percent so far this year.
  • Source：https://uk.finance.yahoo.com/news/colombias-cerro-matoso-ferronickel-mine-191307556.html
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