News Articles for Poseidon Nickel

Poseidon Nickel has said the purchase of the Black Swan mine from Norilsk Nickel would save the company $240 million in start up-costs.

Poseidon Nickel has released its June quarter update, after acquiring the Black Swan project from Norilsk for $1.5 million.

Shares in Perth-based Poseidon Nickel have risen 23.7 per cent after the company agreed to acquire Norilsk Nickel's Black Swan project near Kalgoorlie for an undisclosed amount.

Poseidon Nickel has restarted mine refurbishment activities at the Windarra mine site and employed new managers as it prepares for potential production later in the year.

Junior Resources firms Poseidon Nickel and Fox Resources have each outlined capital raisings in a bid to bolster company balance sheets.

Poseidon Nickel has signalled it no longer plans to pursue a major debt capital raising in the United States, appointing a new chairman to replace US-based Bud Scruggs.

Poseidon Nickel is in negotiations to treat ore from its Mt Windarra mine at a third-party facility, allowing it to postpone the high cost of building a new plant of its own.

Poseidon Nickel has suspended its shares from trading on the ASX as it works to secure funding to support the construction of its Windarra project.

Andrew Forrest's philanthropic efforts are as restless as the iron ore magnate himself. Recent changes appear to be part of a restructuring of his various private and charitable interests under the new brand of Minderoo.

Poseidon Nickel has announced Bud Scruggs as its new chairman to replace the departing Andrew Forrest.

The nickel market is a tough place to be currently but that isn't stopping Poseidon Nickel and Sirius Resources from pursuing their mining plans.

Mining industry pundits bemoaning the end of the ‘boom' will be pleasantly surprised to know that up to a dozen major projects could go ahead over the coming year.

Poseidon Nickel has hailed new drilling results at its Windarra nickel project and outlined plans to resume drilling in coming months, which meant it expected to re-engage contractors who had finis

PM misfires on referendum

Andrew Forrest has been appointed as chair of the Art Gallery of Western Australia Foundation council.

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

It's an old adage that some of the biggest fortunes have been made when business conditions are at their toughest.

The big moves in currency markets over the past week have only a little to do with developments in Australia and a lot to do with the US.

Poseidon Nickel says its historic Windarra nickel mine will cost $197 million to re-start, with a feasibility study flagging a 10-year mine life and first production in 2014.

Levy on cards for disability insurance

Poseidon Nickel has announced that it could recommence nickel mining at the Mt Windarra site in the north eastern goldfields of Western Australia by June 2013.

Perth-based green power utility Enerji has signed an agreement with Poseidon Nickel that will pave the way for the company's waste heat recovery system to be installed in Poseidon's Windarra power

Poseidon Nickel has signed an agreement with a Chinese construction and engineering group and Arccon Construction to design build a nickel sulphide concentrator for its Mt Windarra nickel project.

Andrew Forest's Poseidon Nickel has successfully raised $3 million through a placement to fund exploration at its Windarra Nickel project.

West Perth-based Triton Gold is planning to list on the local stock exchange next week after its initial public offer was oversubscribed.

Hedge fund manager RAB Special Situations has reduced its stake in Poseidon Nickel by over 6 per cent after selling some $7 million worth of shares.

THE roll call of Western Australian businesses directly affected by the global credit crunch grew suddenly during the past week, with several listed companies changing their plans in response to the meltdown on Wall Street.

Bateman Engineering has continued its expansion into Western Australia, signing a deal with Poseidon Nickel Ltd to undertake pre-feasibility work at the Windarra nickel project.

Subiaco-based Poseidon Nickel Ltd, currently listed as Niagara Mining Ltd, has purchased Nedlands-based Dynasty Metals Ltd's Laverton Nickel Project through a scrip issue of $400,000.