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Nickel miner extends contracts

Privately-owned underground mining contractor Barminco has extended its long-term stay at Western Areas’ (ASX: WSA) Forrestania nickel camp in Western Australia, a new A$236 million (US$179 million) mining and drilling contract that highlights the fact that a contractor can remain part of an operating-cost equation even, in this case, in a grim nickel price environment.

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Underground at Flying Fox in Western Australia

High head grades make Flying Fox and nearby Spotted Quoll – where Barminco has worked for about 12 years and five years, respectively – two of the lowest cost sulphide nickel producers in the world.

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