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nickel mine shuts after price fall

  1. pecora
    23,528 Posts.
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    18/11/08
    18:08
    Post #: 4510776
    Reuters

    Copernicus nickel mine in Australia will be shut indefinitely pending an improvement in nickel prices, mine owner Thundelarra Exploration Ltd said.

    The mine was developed last year when nickel sold for more than $US20 per pound, the company said. Nickel currently fetches about US$4.80 per pound.
    THX Price at posting: 16.3¢ Sentiment: None Disclosure: Not Held
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