ALB 0.00% 5.7¢ albion resources limited

munali nickel project update

  1. RKS
    573 Posts.
    13th October 2008
    MUNALI NICKEL PROJECT UPDATE
    KEY POINTS
    • First revenue from sale of concentrates received.
    • Appointment of new General Manager – Munali.
    • Final completion of construction contract achieved and construction
    contractor demobilised from site.
    • Commissioning of the processing plant is progressing well with 900ktpa
    (2,465tpd) nameplate capacity being exceeded on a number of occasions.
    • Dedicated power line to Project completed and energised.
    • Mining development rates on target, stoping operations commenced.
    • Final draw-down of US$10m – Barclay’s senior debt facility.
 
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