NICKEL: Weak price stalls development at Lockerby

ONTARIO – In light of low nickel prices, Toronto-based First Nickel has been forced to discontinue ramp development at its Lockerby nickel-copper mine near Sudbury. The company considered several alternatives, but settled on mining only...

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ONTARIO – In light of low nickel prices, Toronto-based First Nickel has been forced to discontinue ramp development at its Lockerby nickel-copper mine near Sudbury. The company considered several alternatives, but settled on mining only the remaining ore on and above the 6800 level.

The remaining developed ore should be mined out in the third quarter this year. At that time the company will either put the mine on care and maintenance or close it.

Thomas M. Boehlert, president and CEO of FNI, commented, "Our employees at Lockerby have worked long and hard to make the mine a success. However, the operation is simply not economic at the current market price of nickel."

Lockerby is the company's only producing mine. Learn more about it by clicking here

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