The subject of International Mining’s April Operations Focus article is Australia’s third largest nickel producer, Mincor. Managing Director David Moore says the company “is exceptionally ship-shape.” This he says is down to a strong cash balance and no debt, a strong hedge book, robust operations (operational earnings A$4.8 million per month), and a uniquely flexible business model. http://www.mincor.com.au/images/mincor—cahni.pdf

That business model includes:

• Production sourced from numerous mining operations
• Third party mill with take-or-pay tolling and offtake agreements
• Unique ability to tailor production to market conditions.

Furthermore, Mincor has “a guaranteed market for all production (with very low credit risk),” explains Moore and “low head office and corporate costs.”