Glencore Xstrata shuts Falcondo nickel mine

Oct 03, 2013 | 04:15 PM | Rey Mashayekhi

Tags  Glencore Xstrata, Falcondo, Dominican Republic mine, nickel, nickel mine, ferronickel, LME, London Metal Exchange nickel prices

NEW YORK — Glencore Xstrata Plc has temporarily shut its Falcondo nickel mine in the Dominican Republic, citing "adverse market conditions."

The decision was "all market driven," a company spokesman said, noting that it wasn’t influenced by the Dominican government’s decision this week to designate nearby land in La Vega province—the site of a proposed Glencore mining expansion—as a national park.....

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