MANAGEMENT

Works on hold at Nifty

Metals X has temporarily suspended work at the Nifty underground copper mine in the Pilbara

Staff reporter

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It is anticipated the works will take about seven days to complete and that the mine will be fully operational by the beginning of next week.

Metals X took control of the mine little more than a year ago after it bought Aditya Birla Minerals.

Nifty’s copper production increased 17% in the June quarter to 5,939t of copper in concentrate at an all-in sustaining cost of A$7,893/t.

The company is aiming for 40,000t/y production rate and has extended its mine life beyond the four to five years of current ore reserves, which were upgraded by 59% in May.

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