CAPITAL MARKETS

Weak nickel price to blame

DESPITE achieving its lowest unit cash costs for the year, Western Areas is feeling the pinch of a subdued nickel price and is deferring the Cosmic Boy mill expansion, while its executive directors forfeit 50% of their short-term incentives.

Lauren Barrett

Weak nickel price to blame

The nickel miner produced 6031 tonnes of nickel in ore at an average grade of 4.7% for the June quarter, down from 7146t of nickel in ore over the March period. Total nickel in concentrate produced...

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