Talvivaara to fail to achieve full year nickel output guidance

Friday, 06 July 2012 15:05:41 (GMT+3)   |  
       

Finland-based nickel and zinc miner Talvivaara Mining Company Plc has announced that in the second quarter this year its nickel production decreased 19.1 percent compared to the corresponding quarter of the previous year, amounting to 3,194 mt. In June alone, the company produced 1,519 mt of nickel.

Nickel output in April only amounted to 198 mt with production at its plant restricted for most of the month due to the stoppage and subsequent changes in certain operating procedures.

The company stated that it might not be able to achieve its full year guidance of 25,000-30,000 mt. However, full year production is still expected to exceed last year's output of 16,077 mt.


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