CaNickel names Kevin Zhu chief executive

CaNickel Mining Ltd has appointed Kevin Zhu as ceo following Wenfeng Liu’s decision to relinquish the role.

CaNickel Mining Ltd has appointed Kevin Zhu as ceo following Wenfeng Liu’s decision to relinquish the role.

Zhu, who is currently a director at CaNickel, served as the company’s interim chief executive from December 2010 to August 2011.

Liu is stepping down as the company’s chief to focus on his role as chairman, the Vancouver, British Columbia, Canada-based company said.

Meanwhile, CaNickel has appointed James Dai to the position of cfo and corporate secretary. He replaces Derek Liu, who resigned from these posts for personal reasons.

CaNickel owns the Bucko Lake Nickel Mine in Manitoba, which is currently on care and maintenance, and several nickel, copper and platinum group metal projects in the Thompson Nickel Belt.

The company put Bucko Lake on care and maintenance in 2012 due to low nickel prices.

This report was first published by American Metal Market.
editorial@metalbulletin.com

What to read next
US President Joe Biden will increase tariffs on Chinese imports including steel and aluminium, electric vehicles, semiconductors and advanced batteries, to counteract China’s “unfair” trading practices, he announced on Tuesday May 14
Anglo American's rejection of takeover bids by BHP has put copper firmly under the spotlight, but what challenges lie ahead for the red metal as the corporate tussle continues?
Copper fabricators in China and the wider Southeast Asian region continue to feel the pain of high copper prices on futures exchanges and a lack of new orderbooks, with some having already asked for a postponing of shipments of long-term copper cathodes, sources told Fastmarkets in the week to Wednesday May 15
Recent weeks have seen a significant number of miners agreeing sales of copper concentrate to traders for one to four years of supply, Fastmarkets has learned
The copper market is facing a historical moment with Chinese smelters now paying premiums for raw material copper concentrate while selling their finished product at a discount, but participants point to easing concentrate demand in the second quarter as supportive for the market
The new tariffs on aluminium imports imposed by Mexico are affecting the light metal's supply chain, trade flows and premiums, sources told Fastmarkets during the week to Friday May 3.