Avebury Nickel Mine the latest to close amid nickel price decline
Avebury Nickel Mine the latest to close amid nickel price decline The Avebury nickel mine in Tasmania is the latest Australian nickel mine to suspend operations following a decline in nickel prices amid increased international competition and reduced demand. Mallee Resources Limited, owner of the Avebury mine, announced that the mine had gone into receivership in September last year. KordaMentha, the receivers and managers of the mine, have confirmed that the Avebury nickel mine will be transitioning into care and maintenance due to a near 50% decline in global nickel prices since last year. Tasmanian Resources Minister Felix Ellis says Tasmania has not been immune to the global nickel implosion which is mothballing mines across Australia and internationally, with other...