Shire statement after FQM announces mining to cease

Published on Monday, 15 January 2024 at 3:43:06 PM

The Shire of Ravensthorpe expresses sympathy for the mine workers affected by the decision of First Quantum Minerals (FQM) to scale down its operations at the Ravensthorpe Nickel Operation (RNO).

FQM has advised the Shire of Ravensthorpe about its intention to reduce operational activities at RNO.

This is anticipated to result in a roughly 30% reduction in the workforce directly employed at the site.

Shire of Ravensthorpe President Tom Major acknowledged the challenging situation and emphasized the need for resilience. 

“This will undoubtedly affect many members of our community and we must unite in facing these challenges,” he said.  

“Our community has demonstrated resilience in the past and we can overcome this together."

 The Shire of Ravensthorpe successfully secured funding to help alleviate economic challenges for the community during previous mining downturns and is committed to pursuing similar avenues of support once again based on community priorities and needs.

Downturn in the nickel price

FQM advised the decision to scale down operation results from the significant downturn in the nickel price experienced during 2023.

Under a new three-year plan FQM said existing stockpiles will continue to be processed at the RNO and it is hoped mining will recommence in three years time.

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