Report: Madagascar’s major nickel mine suspended for one month

Company News 09:58AM Jan 12, 2018 Source:SMM

Operations at Sumitomo Corp’s Ambatovy nickel mine in Madagascar were suspended on January 4 before hurricane Ava hit, the company said on Thursday January 11.

Some equipment has been damaged but the maintenance work has started. The company expected the repairing work to finish by the end of January while production would be halted during the time, Reuters reported.

This would have some impact on Chinese domestic steel mills as they import nickel briquette from the mine under a tax-free policy.

According to SMM data, the mine produced 34,000 mt of nickel briquette in 2017. Global nickel output last year stood at 173,100 mt.

The mine also produces by-products including cobalt and ammonium sulfate. 

 


The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.

Key Words:  nickel   steel   Madagascar 

Report: Madagascar’s major nickel mine suspended for one month

Company News 09:58AM Jan 12, 2018 Source:SMM

Operations at Sumitomo Corp’s Ambatovy nickel mine in Madagascar were suspended on January 4 before hurricane Ava hit, the company said on Thursday January 11.

Some equipment has been damaged but the maintenance work has started. The company expected the repairing work to finish by the end of January while production would be halted during the time, Reuters reported.

This would have some impact on Chinese domestic steel mills as they import nickel briquette from the mine under a tax-free policy.

According to SMM data, the mine produced 34,000 mt of nickel briquette in 2017. Global nickel output last year stood at 173,100 mt.

The mine also produces by-products including cobalt and ammonium sulfate. 

 


The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.

Key Words:  nickel   steel   Madagascar