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Sumitomo’s Nickel Project to Begin Production in March
Feb. 17, 2012 02:27PM PST
Base Metals Investing Bloomberg reported Sumitomo Corp. (TYO:8053) will begin production at its Ambatovy nickel mine in Madagascar in March.
Bloomberg reported Sumitomo Corp. (TYO:8053) will begin production at its Ambatovy nickel mine in Madagascar in March.
As quoted in the market news:
The project will begin production next month and will have operation rates above 70 percent by the end of this year, Kuniharu Nakamura, managing executive officer, told reporters at a conference today. The mine will produce 60,000 metric tons a year from 2013, he said.