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New Caledonia to Allow Some Nickel Exports to China

Reuters reported that New Caledonia plans to allow two companies to export nickel ore to China. The move will end a longstanding ban — New Caledonia has been resisting selling ore directly to large countries like China in order to preserve its domestic smelting and refining industry.

Samarco to Restart Production by Q4 2016

Reuters reported that the Brazil-based Samarco iron ore mine, whose tailings dam burst last year, killing 19 people, will restart production by the start of Q4 2016. Samarco is a joint venture between Vale SA (NYSE:VALE) and BHP Billiton (ASX:BHP,LSE:BLT,NYSE:BHP).

Glencore Reports $5 Billion Loss for 2015

Glencore (LSE:GLEN) reported a $5 billion loss for 2015, according to the Wall Street Journal, which makes last year one of the company’s worst ever performances. However, CEO Ivan Glasenberg was quoted as saying on a call with reporters, “Have we bottomed? I think so.”

Iron Ore Hits Highest Price in Three Months

The Financial Times reported that iron ore prices jumped to their highest point in three months on Tuesday, spurred on by seasonal restocking by China’s steel mills. Overall, iron ore is up 5 percent so far in 2015 — it’s outperformed most commodities aside from gold.

Lara Exploration Acquires Tocantins Gold Project in Brazil

Lara Exploration (TSXV:LRA) has entered an agreement with Brazil Americas Investments & Participation Mineração to acquire the Tocantins gold project in central Brazil. Lara will assume project costs going forward, and will pay Brazil Americas 50% of any proceeds from the eventual sale of the project to a third-party.

Equitas Resources (TSXV:EQT; FSE:T6UN) is one of the first junior resource companies in the last 20 years to hold such a large, consolidated land package in the Voisey's Bay district. With a first-class, experienced team of professionals skilled in raising capital and managing successful exploration projects Equitas Resources has a tight share structure on early stage of nickel focused exploration. Connect with Equitas Resources to learn more.
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