RMI 0.00% 1.6¢ resource mining corporation limited

Ann: Wowo Gap Exploration Update , page-20

  1. 2,072 Posts.
    Buckland... all for the humour mate :)

    I can't see how this will have no effect on the sp 2moz.

    Just for the uneducated like myself...

    Nickel found in Laterite(WIKIPEDIA)


    Laterite ores were the major source of early nickel. Rich laterite deposits in New Caledonia were mined starting the end of the 19th century to produce white metal. The discovery of sulfide deposits of Sudbury, Ontario, Canada, during the early part of the 20th century shifted the focus to sulfides for nickel extraction. About 70% of the Earth's land-based nickel resources are contained in laterites; they currently account for about 40% of the world nickel production. In 1950 laterite-source nickel was less than 10% of total production, in 2003 it accounted for 42%, and by 2012 the share of laterite-source nickel is expected to be 51%. The four main areas in the world with the largest nickel laterite resources are New Caledonia, with 21%; Australia, with 20%; the Philippines, with 17%; and Indonesia, with 12%.
 
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