Mirabela Nickel Limited - Santa Rita Mine slowing open pit development
03 August 2015 - 1:15PM
PR Newswire (Canada)
PERTH, Australia, Aug.
3, 2015 /CNW/ - Mirabela Nickel Limited
(Mirabela or the Company) (ASX: MBN)
advises that as a result of the depressed nickel price environment,
and in order to further reduce operating costs, mining operations
at the Santa Rita Mine will slow down commencing on 14 August 2015. Given the continuing
improvement in mining operations, Mirabela has managed to build
sufficient flexibility in the operations to continue processing ore
with minimal ongoing mining activities for a period of at least 30
days.
The material movement will be limited to feeding the gyratory
crusher from existing ore stockpiles and broken ore from the pit.
The ore available will be sufficient to provide steady plant
feed for up to 2 months. The processing plant and other areas
are expected to operate normally and nickel concentrate production
will continue as per the 2015 Budget. Work areas primarily
affected by the reduced activity level are Mine Operations,
Maintenance and Planning.
Mirabela management believe this action to be prudent in light
of continuing weak nickel price. Production guidance remains
unchanged at 16,500-18,000 tonnes of nickel contained in
concentrate for year 2015.
SOURCE Mirabela Nickel Ltd.
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