Search results
Results from the WOW.Com Content Network
Nickel prices, having reached a high of US$50,000 per tonne in May 2007, had fallen to under $11,000 per tonne by the time of the mine's closure. [9] The closure had a devastating effect on the local communities of Ravensthorpe and Hopetoun and led to BHP Billiton being heavily criticised for its handling of the closure.
Kambalda Nickel Operations or Kambalda Nickel Mine is a surface and underground nickel mine as well as a nickel concentrator, near Kambalda East, Western Australia. The deposit was discovered in 1954 and the mine opened in 1967, operated by WMC Resources which was taken over by BHP in 2005. Prior to this, between 2001 and 2003, WMC ceased ...
BHP's Nickel West was supposed to be the miner's showcase green metals hub. It was shut down in October due to low prices caused by massive overproduction in Indonesia.
The nickel deposit at Leinster was discovered in 1971 by Western Selcast Pty Ltd. [2] To develop this asset, the Agnew Mining Company was formed in 1974, of which 60 percent were owned by Western Selcast and 40 percent by MIM Holdings, and development of the mine started in 1976, with underground mining commencing in 1978 in what was then referred to as the Agnew Mine.
BHP wrote down the entire value of its Western Australian nickel mine, worth $2.5 billion, last week. The Australian firm reported an 86% year-on-year drop in net income for the last six months of ...
The union of workers for BHP's sprawling Escondida mine said on Friday it had delivered an initial proposal for a new collective labor contract, marking the opening salvo in much-watched ...
The smelter was once more shut down for maintenance in October 2015, this time for 21 days, which reduced the state's nickel output by 7,000 tonnes for the year, at a time of decreasing volumes of nickel mining in Western Australia and a decreasing global nickel price. [8] At the time, 2015, BHP also looked at the future of its nickel ...
The first Nickel mines in Western Australia were developed in the late 1960s in Kambalda, [5] Laverton and the Kimberley region of Western Australia.. The price of nickel peaked at about £7,000 per pound in late 1969, driven by demand from the Vietnam War and the major Canadian producer, Inco (now Vale Canada), being embroiled in industrial action, creating a supply shortage.