Photo by: Bloomberg
PERTH (miningweekly.com) – The share price of ASX-listed Mirabela Nickel fell by nearly 4% on Tuesday after the company revealed that its Brazilian subsidiary had been issued with a stop work order at its Santa Rita mine and port operations.
Work was stopped at the mine site on May 8, and Mirabela said that since that time, the requested remedial work of installing protective guardrails in the plant, and a small enclosure to cover parts of the conveyor belt, had been undertaken.
A follow-up inspection by the Ministry of Work was scheduled for Tuesday.
In the meantime, planned plant maintenance was brought forward during the plant shutdown.
The company has also been allowed to load and haul the remaining in-stock concentrate to the Ilheus port storage facility, and to ship all concentrate stored at the Ilheus port to its overseas customers.
Mirabela said that it was working towards resuming normal plant and port operations as soon as possible, with the miner saying that full-year production expectations would remain unchanged.
Mirabela was trading at a low of 10.5c a share on Tuesday, down from an opening price of 12c a share.