Mincor Resources Set to Suspend Mining at Mariners and Miitel

Mining Weekly reported that Mincor Resources NL (ASX:MCR) is on track to suspend mining operations at its Mariners and Miitel mines. Both are located in Western Australia, and the company has cited the falling nickel price as the reason they are being idled.
As quoted in the market news:

The company noted that over the last 12 months, Mincor had responded rapidly to the deteriorating nickel price, implementing a series of mining decisions that progressively scaled down its operations.
These decisions included the suspension of capital in April last year, which resulted in 88 redundancies, and the implementation of the ‘one operation, two mines’ strategy in July.
During the December quarter, the unified Mariners/Miitel operation was put on a single shift basis, with mining focused on the efficient extraction of the remaining fully-developed ore. This decision led to a further 40 redundancies.
The miner said on Wednesday that given the continued fall in the nickel price, the final phase of the flexible mining strategy would now be implemented, which would see Mincor wind down operations completely during the March quarter.
Mining would cease at the end of January, and the mines would be prepared for a period of suspension until the nickel price recovered.

Click here to read the full Mining Weekly report.