Lundin: Possible Strike From July 31 At Aguablanca Nickel-Shanghai Metals Market

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Lundin: Possible Strike From July 31 At Aguablanca Nickel

Industry News 12:02:16PM Jul 29, 2010 Source:SMM

LONDON, Jul 29 -- Lundin Mining Corp. (LUN.T) said Wednesday it has been notified of possible strike action at its Aguablanca nickel-copper mine in Spain and this, combined with recent heavy rains, has led it to reduce its guidance for the operation's 2010 production.

"Aguablanca has been notified of possible rolling industrial action commencing July 31 and running for five consecutive Saturdays and Mondays. The action would primarily affect milling operations," the company said. "Contingency plans are being considered."

The effects of heavy rain in the first quarter and continued rain in the second quarter have contributed to the appearance of zones of slope instability in the pit, the company said.

Aguablanca is now expected to produce 7,500 metric tons of nickel and 6,500 tons of copper, plus or minus 5%, this year, Lundin said. Production in 2009 was 8,029 tons of nickel and 6,989 tons of copper.

The mine is located in the province of Badajoz, 80 kilometers by road to Seville and 140 kilometers from a major seaport at Huelva. Year-to-date it has produced 3,871 tons of nickel metal contained and 3,065 tons of copper.

 

Key Words:  nickel Ni 

Lundin: Possible Strike From July 31 At Aguablanca Nickel

Industry News 12:02:16PM Jul 29, 2010 Source:SMM

LONDON, Jul 29 -- Lundin Mining Corp. (LUN.T) said Wednesday it has been notified of possible strike action at its Aguablanca nickel-copper mine in Spain and this, combined with recent heavy rains, has led it to reduce its guidance for the operation's 2010 production.

"Aguablanca has been notified of possible rolling industrial action commencing July 31 and running for five consecutive Saturdays and Mondays. The action would primarily affect milling operations," the company said. "Contingency plans are being considered."

The effects of heavy rain in the first quarter and continued rain in the second quarter have contributed to the appearance of zones of slope instability in the pit, the company said.

Aguablanca is now expected to produce 7,500 metric tons of nickel and 6,500 tons of copper, plus or minus 5%, this year, Lundin said. Production in 2009 was 8,029 tons of nickel and 6,989 tons of copper.

The mine is located in the province of Badajoz, 80 kilometers by road to Seville and 140 kilometers from a major seaport at Huelva. Year-to-date it has produced 3,871 tons of nickel metal contained and 3,065 tons of copper.

 

Key Words:  nickel Ni