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Mining Weekly reported Albidon’s (ASX:ALB) difficulties deepened on Friday, as it suspended operations at its Munali nickel mine, in Zambia.
Mining Weekly reported Albidon’s (ASX:ALB) difficulties deepened on Friday, as it suspended operations at its Munali nickel mine, in Zambia.
As quoted in the market news:
The company said in a statement that it was experiencing “serious cash flow difficulties” as the Munali operation delivered less-than-budgeted nickel recoveries and global nickel prices dropped sharply