MCR mincor resources nl

nickel mine closures...wont hurt market

  1. 1,539 Posts.
    for remaining producers!A few months old but VERY VERY relevant given startup times and a flat market.

    In the order of Mine/ Country/ Remarks/Date

    Various smelters:
    China5/08 Much discussion about feasibility of "pig nickel" to be produced as nickel falls to $10/lb, and
    pollution concerns for upcoming Olympics
    Radio Hill ProjectAustralia7/10 Fox Resources postpones
    production / (update 12/5) to re-open in late 2009
    Murrin Murrin MineAustralia8/8 Minara to delay a A$300 million
    expansion
    FalcondoDominican Republic8/19 Xstrata suspends operations due
    to high cost of oil (update 12/4 - closed indefinitely)
    JinchuanChinaJinchuan Group, China's largest nickel producer,
    said it has decided to reduce its full-year nickel output
    target to 100,000 tons, down 16.7%
    Blair MineAustralia930 Australian Mines suspended operations
    Shakespeare MineCanada10/9 Ursa Major suspending operations
    Hitura MineFinland10/15 Belvedere suspending operations
    Cawse MineAustralia10/17 Norilsk suspended operations
    Lockerby MineCanada10/19 First Nickel suspended operations
    Lac des Isles MineCanada10/21 North American Palladium
    suspends operations
    Levack MineCanada10/21 FNX Mining suspends operations
    Berong MinePhilippines11/9 Toledo suspends mining operations
    Onca Puma ProjectBrazil11/14 Vale delays start up to July 2009

    Copernicus MineAustralia11/18 Panoramic suspended operations
    Beta Hunt MineAustraliaConsolidated Minerals to suspend
    operations by mid December 08
    Sorowako OperationIndonesia10/27 PT Inco - Shutting down all
    the thermal power generators, until their usage becomes
    profitable again. This decision will result in decreased
    annual production perhaps by as much as 20 %
    UfaleynikelRussia10/27 Russia's 3rd largest producer suspends
    operations
    Moa Bay / Fort SaskatchewanCuba / Canada10/29 - Sherritt will
    suspend expansion of its Fort Saskatchewan nickel refinery and
    the Moa nickel operations in Cuba / Ambatovy under review
    McWatters MineCanada10/31 Liberty suspending operations
    Redstone MineCanada10/31 Liberty suspending operations
    Mincor operations (not closed)Australiareducing production
    Fenix ProjectGuatemala11/4 Hudbay announces delay in
    construction start-up
    Ban Phuc Nickel projectVietnam11/4 Asian Mineral Resources
    suspends construction
    TaganitoPhilippines11/5 Sumitomo Metal Mining Co says it may
    delay the start of its Taganito nickel project in the
    Philippines to explore the possibility of cutting project
    costs.
    Craig Nickel MineCanada11/13 Xstrata ceasing operations by
    June 09, ahead of planned closure
    Thayer-Lindsey MineCanada11/13 Xstrata ceasing operations by
    Jan 09, ahead of planned closure
    Gag Island ProjectIndonesia11/14 BHP cancels development of
    $4.5 billion dollar mine with PT Antam
    WaterlooAustralia11/24 Norilsk suspended operations
    Silver SwanAustralia11/24 Norilsk suspended operations
    PT Inco IndonesiaIndonesia11/26 - will reduce production in
    2009 by 20% if price of nickel stays low
    PT Aneka TambangIndonesia11.26 - reducing production to
    11,500-12,000 tonnes, against an initial target of 17,000
    Activox Demonstration Plant/RefineryBotswana11/27 - Norilsk
    will shut down permanently by 12/31
    Trojan MineZimbabwe11/27 Bindura suspending operations
    Shangani MineZimbabwe11/27 Bindura suspending operations
    Ambatovy ProjectMadagascar11/29 Globe & Mail report says
    Sherritt's project is on "care and maintenance" for at least
    6-8 months
    Altai ProjectRussia12/2 Russian Nickel Company puts project on
    hold
    Copper Cliff MineCanada12/4 Vale suspends operations beginning
    in January
    Copper Cliff Deep ProjectCanada12/4 Vale delays development
    for 12 months
    Voisey's BayCanada12/4 Vale will shut down for month of July
    09 // Utility nickel refinery in Dalian, China at 35%
    Talvivaara nickel mineFinland12/5 Talvivaara Mining cuts 2009
    production target estimates down 2-5,000 tonnes due to price
    Eramet OperationsNew Caledonia12/9 In view of the current
    sales outlook, nickel output will be adjusted from the start
    of 2009 to an annualized level of about 50,000 tonnes, for a
    period which will be dictated by changes in demand.
    Miitel MineAustralia12/10 Mincor Resources to suspend
    production end of this month
    McCreedy West MineCanada12/10 FNX suspend production
    MunaliZambia12/11 Albidon cuts 110 of its 260 workforce
    Avebury nickel mineAustralia12/18 OZ Minerals Ltd closes new
    mine due to low price of nickel
    Barro AltoBrazil12/18 Anglo American delays construction by 12
    months. Commisioning now scheduled for 2011
    Tati Nickel Mine & ConcentratorBotswana12/24 Norilsk halts
    production for 12 days after fire in smelter
    Doniambo nickel smelterNew Caledonia1/12 Eramet announces
    production cut to 50,000 tonnes annual on poor demand, 20,000
    tonnes less than 2007 and about the same as 2008 production
    Loma de Niquel mineVenezuela1/20 Anglo American halts
    production 'temporarily' due to low prices and transportation
    costs
    Ravensthorpe mineAustralia1/21 BHP announced closing
    indefinetly
    Yabulu nickel refineryAustrali1/21 BHP announces it will stop
    processing nickel cobalt hydroxide and process ore only.
    Mount Keith mineAustralia1/21 BHP announces reducing rate of
    production and laying off 300 workers
    VariousIndonesia1/23 PT Aneka Tambang announces it cut its
    output of ferronickel by 30% to 12,000 metric tons,
    Dinapigue, Isabela minePhilippines1/23 Platinum Group Metals
    Corp shuts down operations and lays off 405 workers
    UfaleynikelRussia1/27 Russia's third largest nickel producer
    announces it will resume production in early February
    Craig and Thayer-Lindsley minesCanada2/9 Xstrata puts both
    mines on care and maintenance and lays off 686 people
    Berong Nickel MinePhilippines2/9 Toledo Mining announces all
    production halted at this time.
    Black Swan, Lake Johnston minesAustralia2/16 Norilsk Nickel
    closes remaining two nickel operations in Australia, 330 jobs
    cut
    VariousIndonesia3/2 PT Aneka Tambang says it will cut
    ferronickel output in 2009 by 32% on the year to 12,000 metric
    tons due to lower nickel demand
    MunaliZambia3/3 Albidon suspends operations, 350 jobs
    eliminated
    Feni nickel plant in KavadarciMacedonia3/17 Cunico Resources
    tells Dow Jones that they plan to produce 8,000 tonnes in
    2009, 80% lower than 2008
    Larco MinesGreece4/8 Larco announces it will cut ferronickel
    output by about 55 percent in 2009 from 90,000 tonnes last
    year
    SudburyCanada4/17 Vale announces it will suspend operations at
    its Sudbury operations for two months beginning June 1st
    Onca PumaBrazil4/17 Vale announces it will continue the
    suspension of production at its new mine
    Rocky Reward's / @ LeinsterAustralia5/12 BHP announces
    operations have ceased at the Rocky's Reward open pit mine at
    its Leinster nickel operation
    Montcalm in TimminsCanada6/8 Xstrata announces suspension
    since March due to explosion is now an indefinite closure
    Sta. Cruz, ZambalesPhilippines7/1 DMCI Mining Corp. suspends
    all mining operations
 
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