Albidon says Zambian mine well hedged despite metal price falls
Perth-based nickel sulphide miner Albidon said it has sidestepped the collapse in metals prices generally through a strong hedge position and low operating costs to ensure a strongly margined nickel mine. The mine was one of the few new nickel sulphide mines to come on stream this year, and addressing delegates at the Paydirt 2008 Africa Downunder Resources Conference, Albidon’s Dale Rogers, said the company’s bankable feasibility study on the Munali mine in Zambia, was completed at a nickel price of $4,25/lb.
