South Africa Brazil and Ukraine together accounted for nearly 65% of reserves in 2013 Therefore the recovery of cobalt and manganese but also nickel and copper from marine mineral deposits such as manganese crusts or polymetallic nodules may contribute to an increase of the future primary supply
Mineral resource base The Group s mineral resources and ore reserves as at 1 January 2024 1 In 2021 SRK Consulting Russia completed an estimate of mineral resources and ore reserves using its own methodology 2 The six platinum group metals PGMs are platinum palladium rhodium ruthenium osmium and iridium 3 Proven and probable ore
Upgrading high grade nickel copper and cobalt Mineral Resources into the Measured and Indicated categories is a pivotal step towards converting these into Proven and Probable Reserves
According to data released by the United States Geological Survey USGS the global terrestrial nickel metal reserves are approximately 96 million tons with nickel sulfide ores accounting for 40 % and nickel laterite ores for 60 % Li et al 2023a And there is almost no separate nickel minerals
By using simulations on cut off grade COG to calculate resources and classify mineral resources the estimation results obtained mean nickel levels above % so that the CoG to be used must be
Although nickel Laterites make up 70% of the world s nickel reserves few of them become producing mines Over the last 60 years magmatic sulfide nickel deposits produced 60% of the world s nickel The mine has a mineral reserve of 124 million tonnes with an average nickel content of % and a cobalt content of % The mine began
3 Nickel reserves Seven African countries produce nickel with upcoming production in Tanzania taking the total to eight These African countries at present account for % of global annual nickel production Rare earth mineral reserves The major African countries involved in rare earth mineral production during 2021 included Madagascar
Overview of mineral reserves availability in Rwanda opportunities and challenges tive for rewood and nickel The country owns other precious stones such as amphibolite
Mineral resources and ore reserves Data on mineral resources and ore reserves are based on the data on ore and metal balance reserves from the Russian divisions reported in Form No 5 gr under the Russian classification analysed and converted as necessary to estimates under the Australasian Code for Reporting of Mineral Resources and Ore Reserves
Norilsk In 2021 SRK Consulting Russia completed an estimate of mineral resources and ore reserves using its own methodology and Kola divisions Ore mln t Metal grade Contained metal ; Ni % Cu % Pd g/t Pt g/t Au g/t 6 PGM The six platinum group metals PGMs are platinum palladium rhodium ruthenium osmium and iridium g/t Ni kt Cu kt Pd koz Pt koz
In 2020 Indonesian nickel resources and reserves were estimated to be around 143 million tons and 49 million tons respectively According to USGS data in 2021 Indonesia is ranked the richest nickel reserve in the world with 22% of the world nickel reserves followed by Australia 21% Brazil 17% Russia 8% New Calidonia 7% and Cuba 6%
Class A nickel reserves declined percent to billion in 2023 from billion in 2022 while Class A chromite reserves increased 33 percent to million in 2023 from million in 2022 The PSA said the four minerals contributed percent to the gross domestic product last year
Based on data from the United States Geological Survey USGS for 2021 global nickel mineral reserves totaled 95 million tons The majority of these reserves are concentrated in Indonesia Australia Brazil Russia the Philippines and other nations Fig 1 a China holds the sixth largest nickel mineral reserve globally with an estimated million tons
5 Mineral resources and ore reserves norilsk and kola divisions as of Data regarding the mineral resources and ore reserves of the deposits of the Taimyr and Kola peninsulas were classified according to the Australasian Code for Reporting of Mineral Resources andOre Reserves JORC code created by the Australasian Institute of Mining and Metallurgy
Its mineral reserves were included into the State Register of Mineral Reserves in 2007 In 2014 Nornickel halted the development of the Bugdainskoye deposit for three years in a low price global molybdenium market and in 2017 extended the suspension of operations for another five years until 31 December 2022
Measured and indicated recoures / proven and probable resorves as of December 31 2019 Data regarding the mineral resources and ore reserves of the deposits of the Taimyr and Kola peninsulas were classified according to the Australasian Code for Reporting of Mineral Resources and Ore Reserves JORC code created by the Australasian Institute of
6 NORILSK AND KOLA DIVISIONS In 2021 SRK Consulting Russia completed an estimate of mineral resources and ore reserves using its own methodology Ore mln t Metal grade Contained metal ; Ni % Cu % Pd g/t Pt g/t Au g/t 6PGM The six platinum group metals PGMs are platinum palladium rhodium ruthenium osmium and iridium g/t Ni kt Cu
Nickel MineN Beeshoek Iron Ore Mine ARM Platinum ARM Ferrous ARM Coal Map not to scale Goedgevonden GGV Coal Mine Participative Coal Business PCB SOUTH Mineral Reserves consist of stockpiles already mined and ready for processing Both are quoted at the grade fed to the plant Open pit Mineral Resources are quoted as in situ
The term Ore Reserves as defined in Clause 28 of the JORC Code has the same meaning as Mineral Reserves as defined in the CIM Definition Standards for Mineral Resources and Mineral Reserves Overview The resource and reserve data in the following tables are as at 31 December 2022 unless otherwise noted
RAMU NICKEL COBALT PROJECT Located in Madang Province Papua New Guinea NI 43 101 TECHNICAL REPORT Report Prepared for Effective Date of Mineral Reserves 31 December 2017 Report Prepared by Dr Q Deng BS MS and PhD CPG AIPG RM MMSA Director Behre Dolbear Australia Pty Ltd Mr P D Ingham MSc BSc FAusIMM
