Poseidon postpones launch of Lake Johnston after Norilsk Nickel
Edited by Rhod Mackenzie / 2015-07-16 11:50:20
The Australian company Poseidon Nickel Ltd has temporarily frozen its activity at the Lake Johnston mine in Western Australia until there is an improvement of the situation on the nickel market, the company reports.
The company completed all preparations to restart the production at the project, which was acquired from Norilsk Nickel for AU$1 million in late 2014, but "the current nickel price was the reason for the rescheduling of its launch".
