Mincor Restarts Nickel Flagship with Miitel

Mincor, an Australian nickel-miner has confirmed that they will pursue the production at its flagship Miitel nickel mine, in Western Australia. Ramp up will start by June and is expected to be in full production by July of 2010.

MD David Moore is quoted saying:

“Not only does this increase the existing Miital ore reserves by more than 32%, but it also provides an additional production front within the mine, increasing the overall production capacity.  However, any mine life extensions delineated through this exploration programme would fall under the new resources super tax, and hence their ability to deliver an attractive return on capital is unclear at this stage.”

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