31
Jan
16:11
IGO shelves Cosmos nickel project
Australian miner IGO announced Wednesday it would transition its Cosmos nickel project in Western Australia into care and maintenance amid low commodity prices.
A review of the project, which began mid-last year, showed a decrease in the expected mine life, delays in attaining full processing plant capacity and further rises in operating and capital costs. At the same time, the commodity prices “deteriorated significantly,” impacting the project’…
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Very good overview of the weekly steel market.
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