• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Base Metals Market
    Base Metals News
    Base Metals Stocks
    • Base Metals Market
    • Base Metals News
    • Base Metals Stocks
    market news

    Mirabela Cuts Workforce

    Investing News Network
    Jul. 24, 2012 05:03PM PST
    Base Metals Investing

    SMH reported Mirabela Nickel (TSX:MNB,ASX:MBN) has cut back its workforce in a bid to stem losses as nickel prices continue to languish.

    SMH reported Mirabela Nickel (TSX:MNB,ASX:MBN) has cut back its workforce in a bid to stem losses as nickel prices continue to languish.

    As quoted in the market news:

    After losing $US60 million in the first quarter, the Brazil-focused nickel miner said it had turned around its operating costs. The chief executive, Ian Purdy, said although Mirabela’s operational costs were now breaking even, the company was losing money because of financing costs.

    Click here to read the full SMH report.

    brazilmarket newstsx:mnbasx:mbn
    The Conversation (0)

    Go Deeper

    AI Powered

    Malaga’s Pasto Bueno Mine on Care and Maintenance

    A small pile of nickel.

    Nornickel's Net Profit Dips 37 Percent as Western Sanctions and Market Hurdles Persist

    Latest News

    Copper Quest Announces Multi-National Investor Awareness Campaign

    Bold Ventures Announces Prospecting and Sampling Results and Mobilizes Crew to Burchell Gold and Copper Project

    Heritage Mining Plans Aggressive Program at Zone 3 Extension Mega-Quartz Vein System at its Flagship Drayton-Black Lake Project

    Quetzal Copper Announces Refiling of June 30, 2025 Financial Statements

    Olympic Domain Project Update with BHP

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×