Albidon announced that its wholly owned subsidiary Albidon Zambia has been handed over with a notice of default from the senior lenders to the Munali nickel project. The default had arisen because the Munali nickel project had recently been placed on care and-maintenance due to low nickel prices. For full story, click here
The Shire of Ravensthorpe has dismissed speculation BHP’s local nickel mine may be mothballed, saying it has been reassured by the company that the operation will continue. For full story, click here
The closure of Xstrata’s Falcondo Nickel mine is a possible sign of things to come. With prices down so much, analysts are speculating that more mines could be shut down. For more information, click here
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