News Articles for Mincor Resources

Gold and iron ore are the newsmakers in Western Australia's mining industry but nickel could be the troublemaker, with most nickel mines now operating at a loss, potentially triggering another roun

HOW does the managing director of an aspiring nickel miner remain positive amid weakening commodities prices and an equities market in decline?

Nickel miner Mincor Resources has shrugged off a first half loss of $2.21 million to declared an interim dividend of 2 cents per share.

Nickel miner Mincor Resources has bounced back into the black, lodging a net profit of $240,000 for the year ended June 30, despite a 19 per cent drop in nickel prices.

Nickel miner Mincor has capped a busy six months by nudging back into the black, reporting a $350,000 profit for the six months to December 31.

Nickel miner Mincor Resources says a restructuring of its operations has placed it on a solid financial footing, despite booking a net loss after tax of $23.4 million for the 2010-11 financial year

Kambalda nickel miner Mincor Resources has launched an on-market share buy-back to re-acquire approximately 10 per cent of its issued capital.

Nickel miner Mincor says it is entering a new era of acquisitions and opportunities outside its home base of Kambalda after entering a $30 million joint venture covering a group of highly prospective gold and copper tenements in Papua New Guinea.

Mincor Resources says it may have to close its Otter Juan nickel mine in Kambalda a year before schedule after it was forced to reduce production due to a sudden deterioration in ground conditions in the lower-most levels of the mine.

Nickel miner Mincor Resources has posted it's second ever period in the red, with a $2.1 million first half net loss on the back of unexpected operational issues at its Kambalda mines.

Mincor Resources has recorded $28.1 million net profit after tax for the 2010 financial year a $44.8 million turnaround from global financial crisis-induced losses in 2008-09.

Nickel producer Mincor Resources has announced a 37 per cent increase in its ore reserves at its Kambalda Nickel Operation.

West Perth-based nickel miner Mincor Resources has released its quarterly report and announced a full year operating surplus of $83 million.

Mincor Resources says it will restart its Miitel nickel operation, more than a year after it halted production due to the financial crisis, but warns the proposed super profit tax places the mine in a precarious position.

A strengthening nickel price and reduced operating costs have lifted Mincor Resources' earnings into the black, with the nickel miner today booking a $14.2 million interim net profit after tax.

Nickel miner Mincor Resources expects a return to profitability for the first half of 2009/10, today lifting its profit guidance to $14 million.

Nickel miner Mincor Resources has recovered from a big first-half loss to post a modest profit in the second half of the finacial year but it was not enough to save the group from an annual loss of $16 million.

BHP Billiton has elected to extend a nickel offtake agreement with miner Mincor Resources for a further nine years.

Mincor Resources has extended its relationship with a Japanese government entity, this time over the Bonaparte zinc project near Kununurra.

Shares in nickel miner Mincor Resources closed nearly 20 per cent higher today, driven by a positive quarterly report where higher production and lower cash costs generated a net cash flow of $17.9 million.

Shares in Mincor Resources have risen as the nickel miner commits to a dividend payout despite posting its first ever loss in eight years.

Nickel miner Mincor Resources says it will suspend operations at its Miitel mine after Christmas as it details cost cutting measures to carry it through the mining downturn.

Nickel producer Mincor Resources NL will place its Wannaway mine on care and maintenance at the end of the week as remnant mining draws to an end.

Nickel miner Mincor Resources NL has announced a $31.3 million net profit after tax for the six months to December 2007, 16 per cent down on its $37.1 million profit for last year's corresponding period.

View Resources Ltd's hopes of offloading its 30 per cent stake in the Carnilya Hill nickel mine to joint venture partner Mincor Resources NL have been dashed, with Mincor Ltd today terminating the proposed $25 million deal.

Kambalda nickel producer Mincor Resources NL is set to increase its production by 18 per cent after today announcing approval for the $23 million development of its 100 per cent owned McMahon Nickel project near Kambalda.

West Perth-based nickel producer Mincor Resources NL has increased its net profit to $101.3 million, a new record for the company and a 246 per cent increase on the previous year's net profit of $29.3 million.

West Perth-based nickel producer Mincor Resources NL's director of exploration Jim Reeve has died, the company announced today.

West Perth-based nickel producer Mincor Resources NL will target a 28 per cent increase in production for the next financial year, having acheived forecast production levels for 2006-07, the company has announced.

The mining and property booms have created unprecedented wealth in Western Australia. WA Business News looks at the individuals leading the charge.

Kambalda-based nickel producer Mincor Resources NL has secured a net half year profit after tax increase of 271 per cent, to $37.2 million, the company announced today.

Kambalda nickel producer Mincor Resources NL said it had reached an agreement with Tectonic Resources NL under which Mincor may earn an 80 per cent interest in the tenement holding the now-closed Rav 8 nickel mine near Ravensthorpe.

West Perth-based nickel miner Mincor Resources NL will acquire the interest of privately owned Goldfields Mine Management Ltd in two Kambalda mines for $30 million and a percentage of royalties.

Kambalda-based nickel miner Mincor Resources NL will earn a 70 per cent interest in ten exploration licences held by West Perth-based Image Resources NL for a cost of $1.5 million, the company has announced.

Kambalda nickel mining company Mincor Resources NL today announced board approval for a major expansion of its Miitel mining operation.

Kambalda-based nickel mining company Mincor Resources NL has announced a 45% increase in net profit after tax to $29.3 million, generated by strong nickel production and stronger prices.

Mincor Resources NL has announced the appointment of chief operating officer Jim Reeve to its board of directors, with immediate effect.

Western Australian-based nickel producer Mincor Resources NL has announced a further step in its growth and expansion strategy by lodging tenement applications for the Tottenham copper project in northern New South Wales.

West Perth-based nickel miner Mincor Resources NL has completed the sale of its residual interest in Tethyan Copper Company Ltd to Antofagasta plc, receiving $15.7 million in return for the transfer to Antofagasta of almost 12.6 million options in Tethyan

Mincor Resources NL has added a diversified tungsten, uranium, copper and gold exploration opportunity to its growth portfolio after being granted exploration licences in the Gascoyne region, east of Carnarvon in Western Australia.