SMM News: recently, Poseidon Nickel said that due to the recent surge in nickel prices, the company will restart the business of the Black Swan (Black Swan project in Western Australia, due to Indonesia, the world's largest nickel mine producer, said it would stop exports early next year, two years earlier than originally expected, nickel prices soared. Poseidon said in a statement that "improving market dynamics" would provide a price basis for supporting the restart of the Black Swan business.
The nickel-based mining company, backed by billionaire Andrew Forrester (Andrew Forrest), says it will take months to restart and could cost $2.9 million. David Ricki, who was appointed interim chief executive on Monday, said: "We are now entering an important critical moment for Poseidon to help improve the continued rise in nickel prices."
According to Poseidon Nickel's website, the Black Swan Project is located about 600km east of Perth, 50km northeast of Calculi in western Australia and 300km south of Poseidon. Poseidon acquired the Black Swan project from Norilsk Nickel Australia at the end of 2014. The project includes the Silver Swan open pit mine, the, Black Swan open pit mine, and the Black Swan 2.2Mtpa concentrator, which contains 191400 tons of nickel metal.
(photo Source: Poseidon Nickel)
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