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Saturday, 27 March 2010

Mine Watch (Munali)

Munali resumed production on Friday under new Chinese owners. The Nickel mine is expected to raise annual output of nickel ore to 1.2 million tonnes by 2012 from the current 900,000 tonnes per year. Australia's Albidon Ltd, which halted operations last year at the country's only nickel mine following a fall in metals prices, resumed output after China's Jinchuan Group took over majority shareholding and invested $37 million.

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