Liberty suspends output on low nickel prices

Aug 14, 2012 | 05:04 PM | Barbara O'Donovan

Tags  Liberty Mines, nickel, nickel price, Jien International Investment, Barbara O'Donovan

NEW YORK — Liberty Mines Inc. has temporarily suspended production at all of its properties effective immediately due to low nickel prices, the company said Tuesday.

The Toronto-based company said it intends to preserve its nickel ore until base metals prices improve and production becomes economically viable.

"Our decision to suspend production temporarily is not being taken lightly but is ultimately in the best long-term interests of our investors and strategic partners," Liberty president and chief executive officer Chris Stewart said in a statement. "In the interim, we are making every effort to reduce costs and update our go-forward strategy." ....

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