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    The future of mining giant BHP Billiton’s Nickel West arm appears solid as the company focused on extending its current operating life from 2023 to 2032, and sinks cash into maintaining its asset integrity. BHP, which has unsuccessfully tried to sell its nickel businesses, has invested A$2-million a month for the last ten months into maintenance and repairs at Nickel West. The spending will continue for the remainder of 2016 and 2017, said Nickel West asset president Eduard Haegel on Thursday.
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Nearby Location News

  • Avanco to earn into Jaguar's gold project 2016-10-07
    Metals developer Avanco Resources has signed a deal with TSX-listed Jaguar Mining to acquire the Gurupi gold project, in northern Brazil. Under the terms of the agreement, Avanco can earn an initial 20% interest in the project by paying a cash fee of $1.7-million, and an additional $500 000 in either cash or shares, as well as spending $300 000 to perfect title and establish access at the project within 12 months.
  • ASX: Avanco to Acquire Advanced Gold Project 2016-10-06
  • Luna Gold Corporation Announces Positive Pre-Feasibility Study Results on Aurizona Gold Project and Proposed Share Consolidation 2016-09-12

    VANCOUVER, BC--(Marketwired - September 12, 2016) - Luna Gold Corp. (TSX: LGC) -

    Highlights Include:

  • Luna Gold Announces Greenfields Exploration Agreement With AngloGold Ashanti 2016-05-27

    VANCOUVER, BC--(Marketwired - May 27, 2016) - Luna Gold Corp. (TSX: LGC), ("Luna" or the "Company") is pleased to announce that it has entered into an exploration agreement with AngloGold Ashanti Limited for the Company's greenfields mineral claims that surround its past-producing Aurizona Gold Mine in northern Brazil. The terms of the agreement require AngloGold Ashanti to invest US$14 million in exploration expenditure over a four year period to earn a 70% interest in the mineral claims. The joint venture will not include mineral claims that correspond to the Aurizona Gold Mine, the nearby Tatajuba orebody extension and other brownfields properties, or the Touro greenfields property. Should AngloGold Ashanti not fund the US$14 million in exploration over the 4-year earn in period, then they will not receive any interest in the mineral claims.

  • Alcoa to Curtail Smelting Capacity in Brazil as Reshaping of Upstream Portfolio Continues 2015-03-30
    NEW YORK & SÃO PAULO--(BUSINESS WIRE)--Lightweight metals leader Alcoa (NYSE: AA) today announced that it will curtail the remaining 74,000 metric tons of smelting capacity at its São Luís (Alumar) facility in Brazil. The decision is aligned with the Company’s recent announcement to evaluate upstream capacity for possible curtailment, closure or sale as Alcoa further optimizes its commodity portfolio. The curtailment is expected to be complete by April 15, 2015. “We continue to take decisive st

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