08
Feb
02:18
Mallee's Avebury nickel mine to be idled
The receivers and managers of Australian miner Mallee Resources have announced that the Avebury nickel mine will transition into a care and maintenance program, Kallanish notes.
The administrators have been operating Avebury while looking for a long-term buyer. However, the decline in nickel prices, largely attributable to the significant expansion in Indonesian supply, has adversely impacted the motivation of interested parties.
In a statement, they note t…
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