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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Minara Fpo | ASX:MRE | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From Jun 2019 to Jun 2024
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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