Wednesday, June 6, 2007

Inco Indonesia Raises Reserves Estimate as Technology Extends Mine Life

(Bloomberg) -- PT International Nickel Indonesia, the
country's largest nickel miner, raised the estimate of its
mineable reserves by a fifth as the use of newer technology has
helped extend the life of its mine.

The company has extractable mineral reserves of 177 million
metric tons of ore containing 1.77 percent nickel, President Arif
Siregar said at a mining conference in Manila today. That
compares with a 2005 estimate of 145 million tons of ore with 1.8
percent nickel.


Read more at Bloomberg Commodities News

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