JOHANNESBURG (miningweekly.com) – Canadian miner and explorer First Nickel on Monday reported that Russel Cranswick resigned from the board of directors, effective immediately.
First Nickel, which owned and operated the Lockerby mine in the Sudbury basin in northern Ontario and reached full production during 2013, did not give the reason for Cranswick’s departure.
In June, First Nickel said it was halting development of an underground ramp at Lockerby, owing to low nickel prices and production levels.
The company noted that it would mine out the remaining economic ore on and above the 6 800 ft level in the third quarter of this year, then decide whether to put Lockerby on care and maintenance or shutter it.
In early January, First Nickel restructured its operations at the nickel/copper mine and cut 75% of its contractors and 30% of its permanent workforce – from 164 to 115.