Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

In this list
Metals

Canada Nickel to mull use of Glencore Ontario facility for processing

Commodities | LNG | Natural Gas | Oil | Crude Oil | Refined Products | Metals | Steel | Shipping

Market Movers Americas, Jan 18-22: Biden brings sharp change in energy policy, traders eye pre-inauguration protests

Electric Power

Platts Forward Curves – Gas and Power

Electric Power | Renewables | LNG | Infrastructure Utilities

Caribbean Energy Conference, 21st

Electricity | Coal | Emissions | Electric Power | Renewables | Natural Gas | Metals | Petrochemicals | Aromatics

Blue ammonia to comprise bulk of hydrogen transportation due to lower costs: HSBC

Emissions | LNG | Natural Gas | Oil | Steel | Raw Materials | Containers

Commodity Tracker: 7 charts to watch this week

Canada Nickel to mull use of Glencore Ontario facility for processing

Highlights

Study will examine plant's excess capacity

Concentrates would be supplied from Ontario project

Pittsburgh — Canada Nickel has entered into an agreement with Glencore Canada to examine the potential of using Glencore's Kidd concentrator and metallurgical site in Ontario for the treatment and processing of nickel and cobalt concentrates, both companies said Jan. 11.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Canada Nickel plans to execute a detailed study at the Kidd facility to determine the feasibility of upgrading its excess capacity or utilizing its existing infrastructure in the region to mill and process nickel-cobalt concentrates, according to a statement.

The Kidd concentrator currently processes metal ore to produce copper and zinc concentrates. The concentrates would be supplied from Canada Nickel's Crawford Nickel-Cobalt Sulphide project in Ontario.

"The opportunity to utilize the excess capacity and existing infrastructure at the Kidd site provides the potential to allow a faster, simpler, smaller-scale startup of Crawford at a vastly lower capital cost while the company continues to permit and develop the much larger scale project currently being contemplated," Canada Nickel CEO Mark Selby said.

This study is expected to be completed by the end of March as part of the non-exclusive, non-binding memorandum of understanding between Canada Nickel and Glencore. The companies will continue good faith negotiations toward a binding agreement depending on the outcome of the study.

Technical studies have found Crawford to contain measured and indicated resources of 657 million mt grading at 0.26% nickel and 0.013% cobalt, according to an initial mineral resource estimate updated by Canada Nickel in October.

Kidd produced 67,600 mt of zinc-in-concentrate and 33,500 mt of copper-in-concentrate in 2019.

Canada Nickel plans to market output from Crawford to battery metal and stainless-steel consumers.