ME home
 
  SME FaceBook SME Twitter SME LinkedIn RSS Feed

Subscriber or
SME Member Log On

WEB-ONLY CONTENT

Go to SME eNEWS

MINING INDUSTRY EVENTS

WM2E 2017 Energy Tech Expo  - Exhibit
Dec 14, 2017 - Dec 16, 2017
George Fox Conference  - Conference
Jan 24, 2018
2018 SME Annual Conference & Expo  - Conference
Feb 25, 2018 - Feb 28, 2018
Mongolia Mining 2018  - Conference
Apr 4, 2018 - Apr 6, 2018

METAL PRICES


Au
Ag
Pt
Pd
Ni
Cu
Al
Pb

AGGREGATES
AND MINERALS
MARKETPLACE


http://aggregatesmineralsmarketplace.com
The Mining Engineering, SME and NSSGA
Online Buyers Directory Site
The Online Global Mining and Minerals Library Site

Nickel mine to be in full production in 2012
January 30, 2012

First Nickel Inc. announced that its Lockerby Mine in Sudbury, Canada will be in full production by the end of 2012.

Toronto-based First Nickel said production it expects to produce 6.3 million to 7.4 million lbs of nickel in 2012, the Sudbury Star reported.

“We have recommenced production at Lockerby and expect the mine to be in full production later this year,” chief executive Thomas Boehlert said in a release.

“In addition to Lockerby, we are continuing exploration activities at our other Ontario properties and seek to add to our base metal portfolio through acquisitions of promising exploration properties and operating mines.”

First Nickel said it hopes to be at or near the full production rate of 10 million lbs of nickel a year in the fourth quarter.

The company estimated it total cash production costs at $56.2 million to $61.4 million. Capital expenditures for 2012 are expected to be $16.2 million.

In 2011, First Nickel said it shipped 21.7 kt (24,000 st) of ore from Lockerby to Xstrata Nickel in the fourth quarter.

Lockerby is a former Falconbridge (now Xstrata) mine that First Nickel acquired the rights to in 2004, with the goal of bringing it back into production.

Falconbridge opened the Lockerby mine in 1976 and operated it until September 2004 when it closed.

Three years ago, First Nickel suspended operations at Lockerby because of low metals prices and weak demand, putting 150 people out of work.

Related article search: