Albidon in trouble again

NICKEL miner Albidon has suspended operations at its Munali mine in Zambia, citing a 23% drop in nickel prices over the past four months and lower than expected recoveries leading to “serious cash flow difficulties”.

Albidon in trouble again Albidon in trouble again Albidon in trouble again Albidon in trouble again Albidon in trouble again

The company said there was no guarantee it could secure alternative finance, therefore suspension was the best option.

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