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Canada-based Sherritt International Corporation has appointed Fitzroy Richardson as interim CFO effective immediately to provide experienced financial leadership as the company works to complete outstanding quarterly filings and seek revocation of a failure-to-file cease trade order issued by the Ontario Securities Commission on May 21. Richardson brings nearly 30 years of experience at Sherritt, where he has held senior finance and treasury roles, most recently as president of subsidiary New Providence Metals Marketing, and his appointment strengthens the leadership team as the corporation navigates acute financial, legal and operational challenges stemming from expanded US sanctions against Cuba announced on May 1. Sherritt operates a strategically important refinery in Alberta, recognised as the only significant cobalt refinery and one of just three nickel refineries in North America, and has suspended its direct participation in joint venture activities in Cuba while working with stakeholders and advisers to address the US executive order.
India's federal Ministry of Mines is expected to shortly unveil a policy with incentives to process lithium and nickel with an outlay of around 30-billion rupees ($313.48-million), according to two sources familiar with the matter, as New Delhi targets 30% electric car penetration and 80% for two-wheelers by 2030 from 6% and 9% at present. To qualify for the incentives, lithium processing plants must have a minimum capacity of 30 000 t, while nickel plants must have at least 50 000 t, with the policy covering two critical minerals linked to securing an electric vehicle value system.
The UN Economic Commission for Africa has launched a €15-million regional project to strengthen environmentally and socially responsible critical minerals value chains across the Southern African Development Community region, running from 2026 to 2031 in the Democratic Republic of Congo, Mozambique, Namibia, South Africa, Zambia and Zimbabwe. The project seeks to support sustainable industrialisation, value addition, job creation and environmental protection in the region's growing critical minerals sector, with ECA Southern Africa regional director Eunice Kamwendo noting that Africa exports most of its minerals in raw form, capturing only a small share of the value despite hosting a significant proportion of the world's reserves in key minerals such as cobalt, copper, lithium, manganese, nickel and platinum-group metals.
Modern metals developer Lifezone Metals is advancing the Kabanga nickel project in Tanzania towards a final investment decision targeted for 2026, following completion of a feasibility study in July 2025 that confirmed mineral reserves of 52.2-million tonnes grading 1.98% nickel, 0.27% copper and 0.15% cobalt. The study estimates an after-tax net present value of $1.58-billion at an 8% discount rate and an internal rate of return of 23.3%, with the initial development phase designed for a 3.4-million-tonne-a-year underground mine and concentrator expected to produce 902 000 t of nickel, 134 000 t of copper and 69 000 t of cobalt in concentrate over an 18-year mine life.
Nickel Updates
Russian Platinum plans to start production at its Arctic polymetallic project in November, the company’s owner said on Thursday. Currently only metals giant Nornickel produces platinum group...
Having warned shareholders of acute financial, legal and operational challenges ahead owing to US sanctions in Cuba last month, TSX-listed Sherritt International Corporation has appointed Fitzroy...
UK-listed mining investment company BWA Group has promoted nonexecutive director Peter Taylor as CEO effective June 1. Taylor has been a nonexecutive director of BWA Group since August 2024,...
India's federal Ministry of Mines is expected to shortly unveil a policy with incentives to process lithium and nickel with an outlay of around 30-billion rupees ($313.48-million), according to two...
The Indonesian unit of French miner Eramet has halted nickel ore production after a government decision to slash its 2026 mining quota by 70% compared to last year left it unable to continue...
The UN Economic Commission for Africa (ECA) has launched a €15-million regional project to strengthen environmentally and socially responsible critical minerals value chains across the Southern...
Mining and metals companies are working to maximise production and ensure they produce high-quality products with the lowest possible environmental impact and at competitive prices, and industrial...
Lifezone is continuing with pre-final investment decision and early works activities at Kabanga.
TSX-V-listed copper and precious metals miner Magna Mining produced 4.1-million copper-equivalent payable pounds in the first quarter of the year, with both tonnage and grades forecast to increase...
Diversified metals miner Eramet has appointed Simon Henochsberg to succeed Abel Martins as group CFO and has announced the partial restart of mineral sands processing at its Grande Côte operation,...
The Ontario Securities Commission has issued a failure-to-file cease trade order against TSX-listed Sherritt International Corporation effective May 21, owing to the company’s failure to file its...
A technology company with ambitions to redefine global metals production, Boston Metal, has raised $75-million to accelerate deployment of its Moltex Oxide Electrolysis (MOE) platform and scale...
ASX-listed Ionic Rare Earth (IonicRE) has signed a joint development and licensing agreement with US-based Nth Cycle, a critical mineral refining technology company, to enhance end-to-end rare...
Canadian mining company Sherritt International Corporation, which is among Cuba’s largest foreign investors, is seeking to take the necessary and most appropriate actions to definitively address...
London-listed URU Metals has completed the fieldwork component of the ground-based frequency-domain electromagnetic (FDEM) survey at the Zeb nickel project, in South Africa. The survey forms part...
As mining companies benefit from strong commodity prices and robust cash flows, a familiar challenge is resurfacing: how to allocate capital at the top of the cycle. Rishal Maharaj, coverage...
Construction of Shaft 3, and its associated underground materials-handling and crushing infrastructure, is in the final stages of commissioning.
As Botswana’s mining sector continues to diversify, there are significant opportunities to support more efficient, resilient and sustainable mining operations, reports manufacturer of mining...
The junior mining sector in South Africa is well equipped with resources, knowledge and skills to place the mining sector on an upward trajectory to again become a leading player in the supply of...
Eligible South African junior miners can access funding through the Junior Mining Exploration Fund (JMEF) to de-risk early-stage exploration projects. Increased exploration activity will help to...
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