- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Platts reported that Lundin Mining Corp. (TSX:LUN) is developing a new nickel deposit that may increase the life of its Michigan-based Eagle nickel-copper mine.
Platts reported that Lundin Mining Corp. (TSX:LUN) is developing a new nickel deposit that may increase the life of its Michigan-based Eagle nickel-copper mine. Eagle reached full production in 2015, and output is set to decline gradually from hereon out.
As quoted in the market news:
“We’re aggressively drilling Eagle East, a new deposit, and that’s looking quite promising,” [a Lundin Mining] official, who asked not to be identified, said Monday.
The drilling is aimed at allowing the Toronto-based company to “come up with an inferred resource,” the official said. “The grades [of ore] are looking real good, and we could have an inferred resource in 2017.”
That timetable would give the company plenty of time to expand Eagle, whose initial nickel production of about 25,000 mt in its first full year of operation is forecast to fall to 21,000-24,000 mt in 2016, 18,000-21,000 mt in 2017 and 15,000-18,000 mt in 2018. Copper output is expected to be similar.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.