CAPITAL MARKETS

Tati troubles

LIONORE Mining reported total production from its Tati nickel operation in Botswana for 2004 came in below forecasted rates, with mining slowed during the fourth quarter due to abnormally high rainfall creating potentially hazardous operating conditions.

Brad Ricks
Tati troubles

Both production and sales of payable nickel for the year came in at 11,450 tonnes, lower than the previously targeted production of 13,000t and 12,300t respectively. At least 157mm of rainfall was recorded...

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