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MARKET TALK: Minara To Shutdown Nickel Ops Oct-Nov

Friday, May 11, 2007
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Australian nickel producer Minara Resources (MRE.AU) announces "major shutdown" of Murrin Murrin nickel operation for October-November 2007, but still targets to improve operational performance on record 31,524 tons of nickel output last year. Says shutdown is part of "statutory maintenance," adds ongoing improvements at plant will make up for lost time. Shares down 3.8%.

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