Panoramic Resources, the company that operates one of Western Australia’s few nickel mines, has entered voluntary administration.
Key points:
- Panoramic Resouces, the company behind the Savannah nickel mine, has entered voluntary administration
- The company employs more than 150 staff and 200 contractors in WA’s Kimberley region
- It comes as the price of nickel has fallen by 44 per cent in the past 12 months
It comes less than a month after the company, which operates the Savannah nickel mine north of Halls Creek in the Kimberley region, launched an unsuccessful strategic review on the back of a falling nickel price.
Nickel is a critical mineral used in stainless steel and batteries which, just last year, Australian resources companies were scr…
Read the full article at: https://www.abc.net.au/news/2023-12-14/savannah-nickel-mine-panoramic-resources-exports-to-china/103228950