Minara Resources: Murrin Murrin Restarted; Fiscal Year Output Down 22%
13 7월 2011 - 9:22AM
Dow Jones News
Operations at Minara Resources Ltd.'s (MRE.AU) Murrin Murrin
nickel plant have restarted following a failure last month but
production will be up to 22% below previous forecasts, the company
said Wednesday.
The company packaged 7,157 metric tons of nickel during the
second quarter to June 30 and expects to produce 29,000 tons-32,000
tons over the full year, against previous guidance of 33,000
tons-37,000 tons in an April update.
The company blamed the shortfall on problems announced 30 June
with Murrin Murrin's acid plant. Wednesday, Minara said a
replacement heat exchanger has now been installed in the acid
plant, the part of the facility where acid is run through ore to
extract a nickel-rich solution.
Minara is 72%-owned by Glencore International PLC (GLEN.LN),
which also owns 40% of the Murrin Murrin project.
-By David Fickling, Dow Jones Newswires; +61 2 8272 4689;
david.fickling@dowjones.com
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