Australia’s Mincor Resources to review ops, cut jobs on low nickel prices

Australian nickel producer Mincor Resources has suspended capital development at its two operating mines in Kambalda and may cut production towards the end of the year amid low nickel prices.

“Mincor expects to produce approximately 120,000 tonnes of ore at 2.8% nickel between June and November 2015, and to achieve its previously stated production target for financial year 2015 of approximately 8,500 tonnes of nickel-in-ore,” it said on Tuesday May 26.

“Mincor will suspend capital development at Miitel, having already stopped it at Mariners,...

Published

Deepali Sharma

May 26, 2015

05:27 GMT

Singapore