First Quantum Eyes Year-End Restart of Ravensthorpe Nickel Mine

Reuters reported First Quantum Minerals Ltd (TSX:FM) said nickel production will resume by the end of 2011 from Australia’s Ravensthorpe mine.

As quoted in the market news,

Annual average production for the first five years is expected to be 39,000 tonnes, it said on Friday.

At that rate, First Quantum would become Australia’s no. 2 producer behind BHP Billiton , which operates mines, a refinery and a smelter in Western Australia state.

Click here to read the full Reuters report.