Two projects are expected to come online in 4th quarter 2010.
High density slurry (HDS) - The project is designed to debottleneck the neutralisation circuit which in turn will enable an increase in ore-leach autoclave throughput.
Sixth Reduction Autoclave - This project will deliver a sixth reduction autoclave unit which will operate in parallel to the existing five reduction vessels in the refinery?s nickel circuit.
Should have a positive impact on Q1 and Q2 2011 production and earnings.
MRE Price at posting:
83.0¢ Sentiment: Buy Disclosure: Held