IGO to record impairment against nickel assets in strategy shift
IGO has been undertaking a strategic review in an attempt to revaluate its resources.
A nickel mine in northern Manitoba will start producing again after a 6-month suspension of operations due to a dispute over contractors, Business in Vancouver reported:
Vancouver-based junior mining company Crowflight Minerals Inc. (TSX: CML) announced this morning that its Bucko Lake nickel mine near Wabowden, Man. has resumed operations after a six-month suspension.
A major reason the company shut down its mine operations was the company’s decision to stop using mining contractors and to staff mine operations with Crowflight’s own crews, according to Crowflight CFO and corporate secretary Derek Liu.
Under resumed operations, he said, Crowflight is no longer using contractors.
The mine is expected to produce 800 tonnes of ore a day within three months, according to the company.
