First Quantum Minerals (FQM) purchased the Ravensthorpe Nickel Operation (RNO) in November 2009. Former owners, BHP Billiton operated the site from 2007 to 2009 but did not reach targeted capacity. Following significant modifications to the circuit, FQM started operating in October 2011 and reached ‘commercial production' on December 28.
The Shoemaker-Levy, Halleys and Hale-Bopp tenements comprise the Ravensthorpe Nickel Operation. The tenements straddle the southern highway in Western Australia between the towns of Esperance and Ravensthorpe. There will be a need to develop a new ore body in the next few years in order to maintain production at targeted levels.
Following an atmospheric leach tank failure in December 2014, production stopped at the site for one and half months, resuming at a reduced level on Feb 2, 2015. FQM was targeting output of 24-30kt of nickel for the year as a whole.
This Nickel Operation report provides a detailed analysis of the cost profile, process overview, products and key issues for this asset, as well as a detailed location map.
For nickel producers, advisors and financial companies, this report provides an understanding of the value and efficiency of the operation. Use this report to understand the competitive position, identify acquisition opportunities and strengthen business strategies.
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Asset report | Dec 2015
Ravensthorpe (FQM) nickel operation
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