Ravensthorpe mine to re-open in 18mths

Posted on 21/02/2010  

First Quantum Minerals hopes to have the Ravensthorpe nickel mine operating within 18 months, after formally taking control of the site. Over the next year the company will work on modifying the plant and then spend about six months to commission and ramp-up the mine. It expects the works to cost about $170 million. The mine was closed down by BHP Billiton in January 2009, amid difficulties in exploiting the nickel laterite deposits and plunging prices of the metal. The mine cost $2.4 billion for BHP to build and when it closed 1,800 people lost their jobs, a huge economic blow to the towns of Ravensthorpe and Hopetoun.

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