Reported 26 days ago
Sumitomo Corp is gradually resuming operations at its Ambatovy nickel and cobalt project in Madagascar after a recent pipeline issue, while evaluating future production levels. The company is focused on stabilizing production, having recently produced only half the expected nickel volume. With a significant impairment loss previously recorded, Sumitomo is considering various options for the project, including potential partnerships or adjustments in operations.
Source: YAHOO