Low metal prices hits Tati Nickel Mine

Tati Nickel Mining Company Managing Director Sergey Steshenko
Tati Nickel Mining Company Managing Director Sergey Steshenko

FRANCISTOWN: Tati Nickel Mining Company (TNMC) Managing Director Sergey Steshenko has said that they continue to experience low metal prices and declining ore grades. He was speaking at the mine's long service awards recently.

Commodity prices have plunged by over 10% in the past 12 months in tandem with a weak trend on the international market.

"This is a challenge for all of us and the mining industry at large. Our survival strategy - the 'ABC strategy' - should take us to the end of 2015, and it needs us to work hard," said Steshenko.

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