tiprankstipranks
Pacific Nickel Mines Addresses Delays and Expands Mining
Company Announcements

Pacific Nickel Mines Addresses Delays and Expands Mining

Pacific Nickel Mines Limited (AU:PNM) has released an update.

Pacific Nickel Mines Limited reports operational challenges at the Kolosori Nickel Project, including equipment breakdowns and unseasonal rainfall, delaying the next shipment until late July. Additionally, the company is addressing a discrepancy in nickel ore grade with Glencore and has begun mining high-grade nickel ore at the new Block 11 pit. For the Jejevo Nickel Project, the Environmental Impact Statement has been lodged, with the company aiming to secure development consent and a mining lease by late 2024.

For further insights into AU:PNM stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskPacific Nickel Mines Announces Trading Halt
TipRanks Australian Auto-Generated NewsdeskPacific Nickel Director’s Stock Holdings Shift
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Optimize your mobile reading experience. Download the TipRanks App today!