Pacific Nickel Mines Limited (AU:PNM) has released an update.
Pacific Nickel Mines Limited announced a temporary operational reset at its Kolosori Nickel Project due to equipment availability issues and unseasonal heavy rainfall, impacting mining schedules. They are currently in talks with financier Glencore International AG to manage the ongoing funding and costs, while putting the mine into care and maintenance mode. The company is also focusing on integrating their 80% interest in the Jejevo nickel project into their operations, with further updates expected by the end of the month.
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