Minara Resources Nickel Production On Standby
July 05 2011 - 7:23PM
Dow Jones News
Nickel production from Minara Resources Ltd.'s (MRE.AU) Murrin
Murrin mine and plant has been suspended after the failure of a
heat exchanger last week, the company said Wednesday.
The acid plant at Murrin Murrin remains offline, the company
said, after a heat exchanger in the acid plant --where acid is run
through the ore to extract a nickel-rich solution-- failed last
week.
At the time of the failure last week, production was continuing
at reduced rates. However, Minara said today that metal production
is now on standby.
Minara is 72%-owned by Glencore International PLC (GLEN.LN).
In an update in April, the company said it expects to produce
33,000 metric tons to 37,000 tons of nickel over the year to the
end of December, around 2%-3% of global mined nickel production. It
said Wednesday that it was still assessing the impact of the
failure on those forecasts.
-By David Fickling, Dow Jones Newswires; +61 2 8272 4689;
david.fickling@dowjones.com
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