News

May 08, 2007

Regency Mines Trying To Emulate Toledo Mining In Direct Shipping Nickel Laterites

By Henry Sandford

AIM listed Regency Mines, until recently a company with a market capitalisation of less than £5 million, has decided to make its Mambare nickel project in Papua New Guinea its main thrust, according to executive chairman Andrew Bell. The company’s plan is to emulate Toledo Mining, which is also listed on the AIM and has seen its value increase significantly in recent months after it established an operation direct shipping nickel laterite ore from its Berong nickel project in the Philippines to customers in China.

Rusina Mining is another AIM listed company planning the same sort of operation, although its plans are much more advanced than Regency’s. Rusina expects to begin production from its Acoje project in the Philippines in the third quarter of this year, and has also seen its value boosted substantially so far this year.

Of course, the skyrocketing price of nickel has played a big part in drawing investors to Toledo and Rusina, but with many analysts forecasting firm nickel prices for some time...