Mincor positive for the future

Nickel miner Mincor Resources believes it has weathered the financial storm and is confident as it moves into the future.

Nickel miner Mincor Resources has weathered the financial storm and is confident as it moves into the future.

That is the message coming from the company’s annual general meeting held yesterday in Perth.

“We are confident of our future and of the future for the mining sector in general,” Mincor chairman David Humann told shareholders at the meeting.

“My view was, the economies to which our product is exported would recover from any setbacks and that, in fact, new and better opportunities for progress would emerge.

“This has proved to be the case.”

Mincor had been forced to significantly scale back its operations over the previous 12 months as the price of nickel dived sharply.

But according to the company, its balance sheet is strong, its mines have been performing well and its exploration programs were proving successful in the otherwise difficult year.

Humann said that overseas economic growth is set to help the nickel miner.

“China continues to grow rapidly at a compound rate of 8% and a fresh government in Japan gives hope for a return to growth there,” he said.

“Accordingly, we look forward to the global prosperity of the future with confidence.”

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