Change time

Australian Mincor produce nickel is smaller than expected

According to the managing director of Australian Mincor Resources David Moore, a company can not be implemented in the current fiscal year, the production target for the nickel production at the level of 12−13 ths. Tons. Production of nickel ore in the III quarter amounted to about 93 thousand. T, and the estimated content of nickel the breed of 2.89% is equivalent to approximately 2,700 tons of nickel, which is less than the planned amount, said Mr. Moore.

During the first half of the current fiscal year (ending June 30) Mincor produced 6175 tons of nickel.

Mincor also began careful study of the question of the re-opening of Miitel mine — on the basis of recent results of exploratory drilling, including aspects such as time, cost of capital construction, structure, activities and staff. «We are very confident that Miitel can be restarted quickly and profitably, and we will make further announcements in this regard in May — after the completion of the study of this issue», — said David Moore.

Miitel made from the date of introduction into operation in 2001, 55 thousand. Tons of nickel, but its work was suspended in December 2008

See all news