trending Market Intelligence /marketintelligence/en/news-insights/trending/Pw-jLsWsvcwLdHpgwD-G4w2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

First Quantum to suspend Ravensthorpe nickel operations


Top electric vehicle markets dominate lithium-ion battery capacity growth


Message in a (Word)Cloud


Essential Metals & Mining Insights - January 2021

Industry Top Trends 2021: Metals and Mining

First Quantum to suspend Ravensthorpe nickel operations

First Quantum Minerals Ltd. said Aug. 9 that it intends to place the Ravensthorpe nickel project in Western Australia on care and maintenance beginning in September, due to low nickel prices.

The company estimates US$10 million in initial costs to place the mine on care and maintenance, with subsequent annual costs of US$5 million. Restarting operations will also cost about US$10 million.

The permitting process for the Shoemaker Levy orebody of the project will continue, together with a regular review of market conditions to determine a potential restart of operations at the project, which was restarted in 2011.