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The Piaui nickel project is an open-pit nickel-cobalt mining operation located in the state of Piaui, in northeastern Brazil. The project is owned and operated by Piauí Níquel Metais, a subsidiary of Brazilian Nickel, which acquired the mine from Vale in January 2014.
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Forrestania produced 3741t of nickel with mine grades falling from 3.4 to 3.2% and nickel tonnes produced sliding from 4911t in the June quarter to 3741t in the September Quarter. That saw cash costs climb from $3.84/t to $4.95/t, although healthier prices led to a 30% increase in operating cash flow to $31.1m, leaving Western Areas with $147.7m in the bank and no debt.
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Metals Focus says the global average all in sustaining cost for gold miners hit its highest level since 2013 in the September quarter, rising 3.6% quarter on quarter to US$1123/oz. Pic: Metals Focus. Australian miners were the worst off when it came to cost pressures, with costs in Australia climbing by an average of 13.1%.
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There were few places to find solace among the big miners this week, as the heat came out of industrial commodities. A bright spot was lithium plays who sailed through tempestuous weather but ended on a high on Friday in a week which started with positive news. News Mineral Resources (ASX:MIN) and Albemarle plan to bring the giant Wodgina mine
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There were few places to find solace among the big miners this week, as the heat came out of industrial commodities. A bright spot was lithium plays who sailed through tempestuous weather but ended on a high on Friday in a week which started with positive news. News Mineral Resources (ASX:MIN) and Albemarle plan to bring the giant Wodgina mine
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Rock chip samples at NickelX’s Biranup project have returned up to 626g/t gold. Facebook Twitter LinkedIn Whatsapp Email Print After reprocessing all available data, NickelX (ASX: NKL) has secured a contractor for a four-hole drilling program at its Biranup gold project in Western Australia’s Albany-Fraser Orogen, which is along strike of the Tropicana gold mine.
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Nickel miner Nickel Mines (ASX:NIC), rare earths play Australian Strategic Materials (ASX:ASM) and platinum miner Zimplats (ASX:ZIM) were among the big miners leading the mid-caps. According to Fastmarkets, prices in East Asia are catching up to the market leader in China, with lithium carbonate pricing up 5.6% to US$28.25/kg in China, Japan and Korea.
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The Piaui nickel project is an open-pit nickel-cobalt mining operation located in the state of Piaui, in northeastern Brazil. The project is owned and operated by Piauí Níquel Metais, a subsidiary of Brazilian Nickel, which acquired the mine from Vale in January 2014.
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