REFILE-Minara Sees Nickel Output at Lower End of Target-Shanghai Metals Market

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REFILE-Minara Sees Nickel Output at Lower End of Target

Industry News 05:18:20PM Jun 04, 2010 Source:SMM

SYDNEY June 4 -- Australia's No. 2 nickel miner, Minara Resources (MRE.AX: Quote) expects to record full-year output at the lower end of its 30,000-34,000-tonne target due to equipment failure, the company said on Friday.

An investigation into a pipeline failure in a key operating circuit meant production had dropped to a reduced rate, with year-to-date output tracking at the lower end of previous guidance, it said.

 

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REFILE-Minara Sees Nickel Output at Lower End of Target

Industry News 05:18:20PM Jun 04, 2010 Source:SMM

SYDNEY June 4 -- Australia's No. 2 nickel miner, Minara Resources (MRE.AX: Quote) expects to record full-year output at the lower end of its 30,000-34,000-tonne target due to equipment failure, the company said on Friday.

An investigation into a pipeline failure in a key operating circuit meant production had dropped to a reduced rate, with year-to-date output tracking at the lower end of previous guidance, it said.