Mirabela Nickel cuts production forecast

Mirabela Nickel Ltd has cut its production guidance for the year to December, citing maintenance work and disruptions to its explosives supply.

Mirabela Nickel Ltd has cut its production guidance for the year to December, citing maintenance work and disruptions to its explosives supply.

The Perth-based, Brazil-focused miner said it expected to produce between 17,000 and 18,500 tonnes of nickel concentrate this calendar year, down from its previous target of between 22,000 and 24,000 tonnes.

Disruptions to the supply of nitrate in Brazil were restricting the supply of explosives, while maintenance of its primary crusher was also impacting production, Mirabela said.

The company's shares were down half a cent at 8.3 cents at 1353 AEST.

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