Im Guessing the Russia conversation is leveled at me User23.......Russia will be no threat to Global demand /supply their domestic demand will be enough to slow their own Global supply down as a matter of interest to all on this site.
these countries and their total Nickel resource reserves ;
AUSTRALIA..........................20m ....metric tonnes
NEW CALEDONIA ...............12m..... '' " " " "
BRAZIL...................................7.5m....." " " " " "
RUSSIA...................................6.0m....." '" " " " '
CUBA.......................................5.5m....." " " " " " "
SOUTH AFRICA......................3.7 m...." " " " ' "
CANADA...................................3.3m...." " " " " "
CHINA......................................3.0m....." " " " " "
PHILIPPINES...........................1.1m......" " " " " "
OTHER......................................4.7m...." " " " " "
The Philippines Mining Minister Indicated that they have approximately 7 years of Mining life left if the current extraction rate did not reduce . that the Philippines would be better to refine their own Nickel as Indonesia are going to do .to prolong the life of their supply and Maintain jobs into the future ,This would then give them an estimated 15 years of life as not all reserves can be won.
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- Ann: Pre-Feasibility Study for the Isabel Nickel Project-AVQ.AX
Ann: Pre-Feasibility Study for the Isabel Nickel Project-AVQ.AX, page-190
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