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.
The miner may write down the value of its WA nickel business after the price of the steel-making ingredient plunged by almost a quarter over the past 12 months.
Australia is joining the United States to tackle China’s dominance in key green commodities. But the government faces tough choices to help local industry.
An obscure Swiss group says it’s developing the controversial Queensland Nickel refinery,but state or local governments are in the dark.
The mining giant says growth in iron ore demand will come from India and other countries in Asia.
Producers want government help to set up precincts with an industrial ecosystem to drive down costs.
Andrew Forrest’s Wyloo Metals wants to absorb WA nickel miner Mincor as the sector boosted by battery demand consolidates.
One of the world’s biggest and most sophisticated trading houses thought it was funding a deal for 25,000 tonnes of valuable nickel. There was just one problem.