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Kagara & Minara Resources review operations

October 27, 2008 @ 11:42 am In Nickel Company News

Falling prices of Nickel have forced two miners in Western Australia to announce review and restructuring of operations, which may include a likely delay or scrapping of new projects.

Peter Johnston, chief executive of Minara Resources, said:

While we are in a challenging period of a turbulent commodity market, and nickel has certainly been affected, we believe in the mid to longer term that prices will stabilise and then return to a more favourable outlook.

For full story, click here [1]

For Minara Resources's website, click here [2]


Article printed from Nickel Investing News: http://nickelinvestingnews.com

URL to article: http://nickelinvestingnews.com/283-kagara-minara-resources-review-operations.html

URLs in this post:

[1] here: http://www.news.com.au/heraldsun/story/0,21985,24561605-664,00.html

[2] here: http://www.minara.com.au

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