Norilsk Nickel announced that as part of an overall reassessment of its international nickel operations and the current market dynamics, Norilsk Nickel Australia, a subsidiary of OJSC MMC Norilsk Nickel, has decided to put its Waterloo and Silver Swan underground operations in Western Australia’s eastern goldfields region into care and maintenance.
Reported that annual production reached 1,077 tonnes of payable nickel. Fourth quarter production of 944 tonnes of payable nickel at cash cost of $4.86/lb. Commercial production started during the fourth quarter of 2006.
January 30, 2007
Announced an update on activities on the Wildara project, Western Australia. Including 3 RC percussion holes, which intersected black shales interpreted to be the source of the TEM conductors, however the soil anomalies remain unexplained.
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