Nickel Mine Closures 2008 Due to Demand Destruction and Low LME Price




Various smelters China 5/08 Much discussion about feasibility of "pig nickel" to be produced as nickel falls to $10/lb, and pollution concerns for upcoming Olympics
Radio Hill Project Australia 7/10 Fox Resources postpones production / (update 12/5) to re-open in late 2009
Murrin Murrin Mine Australia 8/8 Minara to delay a A$300 million expansion
Falcondo Dominican Republic 8/19 Xstrata suspends operations due to high cost of oil (update 12/4 - closed indefinitely)
Jinchuan China Jinchuan Group, China's largest nickel producer, said it has decided to reduce its full-year nickel output target to 100,000 tons, down 16.7%
Blair Mine Australia 930 Australian Mines suspended operations
Shakespeare Mine Canada 10/9 Ursa Major suspending operations
Hitura Mine Finland 10/15 Belvedere suspending operations
Cawse Mine Australia 10/17 Norilsk suspended operations
Lockerby Mine Canada 10/19 First Nickel suspended operations
Lac des Isles Mine Canada 10/21 North American Palladium suspends operations
Levack Mine Canada 10/21 FNX Mining suspends operations
Berong Mine Philippines 11/9 Toledo suspends mining operations
Onca Puma Project Brazil 11/14 Vale delays start up to July 2009  
Copernicus Mine Australia 11/18 Panoramic suspended operations
Beta Hunt Mine Australia Consolidated Minerals to suspend operations by mid December 08
Sorowako Operation Indonesia 10/27 PT Inco - Shutting down all the thermal power generators, until their usage becomes profitable again. This decision will result in decreased annual production perhaps by as much as 20 %
Ufaleynikel Russia 10/27 Russia's 3rd largest producer suspends operations
Moa Bay / Fort Saskatchewan Cuba / Canada 10/29 - Sherritt will suspend expansion of its Fort Saskatchewan nickel refinery and the Moa nickel operations in Cuba / Ambatovy under review
McWatters Mine Canada 10/31 Liberty suspending operations
Redstone Mine Canada 10/31 Liberty suspending operations
Mincor operations (not closed) Australia reducing production
Fenix Project Guatemala 11/4 Hudbay announces delay in construction start-up
Ban Phuc Nickel project Vietnam 11/4 Asian Mineral Resources suspends construction
Taganito Philippines 11/5 Sumitomo Metal Mining Co says it may delay the start of its Taganito nickel project in the Philippines to explore the possibility of cutting project costs.
Craig Nickel Mine Canada 11/13 Xstrata ceasing operations by June 09, ahead of planned closure
Thayer-Lindsey Mine Canada 11/13 Xstrata ceasing operations by Jan 09, ahead of planned closure
Gag Island Project Indonesia 11/14 BHP cancels development of $4.5 billion dollar mine with PT Antam
Waterloo Australia 11/24 Norilsk suspended operations
Silver Swan Australia 11/24 Norilsk suspended operations
PT Inco Indonesia Indonesia 11/26 - will reduce production in 2009 by 20% if price of nickel stays low
PT Aneka Tambang Indonesia 11.26 - reducing production to 11,500-12,000 tonnes, against an initial target of 17,000
Activox Demonstration Plant/Refinery Botswana 11/27 - Norilsk will shut down permanently by 12/31
Trojan Mine Zimbabwe 11/27 Bindura suspending operations
Shangani Mine Zimbabwe 11/27 Bindura suspending operations
Ambatovy Project Madagascar 11/29 Globe & Mail report says Sherritt's project is on "care and maintenance" for at least 6-8 months
Altai Project Russia 12/2 Russian Nickel Company puts project on hold
Copper Cliff Mine Canada 12/4 Vale suspends operations beginning in January
Copper Cliff Deep Project Canada 12/4 Vale delays development for 12 months
Voisey's Bay Canada 12/4 Vale will shut down for month of July 09 // Utility nickel refinery in Dalian, China at 35%
Talvivaara nickel mine Finland 12/5 Talvivaara Mining cuts 2009 production target estimates down 2-5,000 tonnes due to price
Eramet Operations New Caledonia 12/9 In view of the current sales outlook, nickel output will be adjusted from the start of 2009 to an annualized level of about 50,000 tonnes, for a period which will be dictated by changes in demand.
Miitel Mine Australia 12/10 Mincor Resources to suspend production end of this month
McCreedy West Mine Canada 12/10 FNX suspend production
Munali Zambia 12/11 Albidon cuts 110 of its 260 workforce
Avebury nickel mine Australia 12/18 OZ Minerals Ltd closes new mine due to low price of nickel
Barro Alto Brazil 12/18 Anglo American delays construction by 12 months. Commisioning now scheduled for 2011
Tati Nickel Mine & Concentrator Botswana 12/24 Norilsk halts production for 12 days after fire in smelter
Doniambo nickel smelter New Caledonia 1/12 Eramet announces production cut to 50,000 tonnes annual on poor demand, 20,000 tonnes less than 2007 and about the same as 2008 production
Loma de Niquel mine Venezuela 1/20 Anglo American halts production 'temporarily' due to low prices and transportation costs
Ravensthorpe mine Australia 1/21 BHP announced closing indefinetly
Yabulu nickel refinery Australi 1/21 BHP announces it will stop processing nickel cobalt hydroxide and process ore only.
Mount Keith mine Australia 1/21 BHP announces reducing rate of production and laying off 300 workers
Various Indonesia 1/23 PT Aneka Tambang announces it cut its output of ferronickel by 30% to 12,000 metric tons,
Dinapigue, Isabela mine Philippines 1/23 Platinum Group Metals Corp shuts down operations and lays off 405 workers
Ufaleynikel Russia 1/27 Russia's third largest nickel producer announces it will resume production in early February
Craig and Thayer-Lindsley mines Canada 2/9 Xstrata puts both mines on care and maintenance and lays off 686 people
Berong Nickel Mine Philippines 2/9 Toledo Mining announces all production halted at this time.
Black Swan, Lake Johnston mines Australia 2/16 Norilsk Nickel closes remaining two nickel operations in Australia, 330 jobs cut
Various Indonesia 3/2 PT Aneka Tambang says it will cut ferronickel output in 2009 by 32% on the year to 12,000 metric tons due to lower nickel demand
Munali Zambia 3/3 Albidon suspends operations, 350 jobs eliminated
Feni nickel plant in Kavadarci Macedonia 3/17 Cunico Resources tells Dow Jones that they plan to produce 8,000 tonnes in 2009, 80% lower than 2008
Larco Mines Greece 4/8 Larco announces it will cut ferronickel output by about 55 percent in 2009 from 90,000 tonnes last year
Sudbury Canada 4/17 Vale announces it will suspend operations at its Sudbury operations for two months beginning June 1st
Onca Puma Brazil 4/17 Vale announces it will continue the suspension of production at its new mine
Rocky Reward's / @ Leinster Australia 5/12 BHP announces operations have ceased at the Rocky's Reward open pit mine at its Leinster nickel operation
Montcalm in Timmins Canada 6/8 Xstrata announces suspension since March due to explosion is now an indefinite closure
Sta. Cruz, Zambales Philippines 7/1 DMCI Mining Corp. suspends all mining operations

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