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Market: TSX, ASX
Sector: General Mining
Epic: TSX:MBN
News: Latest news
Web Site: Mirabela Nickel
Other Articles: 04-03-200903-03-200906-01-2009

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Friday July 03, 10:01Commercial property: The contrarian view

The global recession has hit commercial real estate companies hard, with capital values falling 43.6% from their peak in June 2007.

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Friday July 03, 05:05White Canyon Uranium CEO to progress production at Daneros Uranium Mine in 2009

The company has a new Managing Director and CEO - Peter Batten - as of this week. The Daneros Mine has recently received its Permit to Mine in Utah - with production expected in 2009.

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Mirabela Nickel

Mirabela Nickel

Mirabela Nickel Ltd is a mineral exploration company with a portfolio of prospective nickel and other base metal targets in Brazil.

Mirabela's lead project under development is Santa Rita - a disseminated nickel sulphide deposit in the state of Bahia. Production of nickel is targeted to commence in 2009. This is the largest nickel sulphide resource in South America and the largest greenfield nickel sulphide discovery in the world in the last 10 years.

Tuesday, January 06, 2009

Mirabela Nickel aims for Santa Rita financing by Feburary

Mirabela Nickel (ASX/TSX:MBN) said in a statement it was aiming for senior debt financing commitments for its wholly owned Santa Rita nickel project in Brazil by end of January 2009. 

Mirabela indicated it was not aware of any unannounced information to explain the recent increase in the company's share price.  However, it noted the nickel price had increased by 15.8% from $US11,700 per tonne to $US13,500 per tonne in January 2009.

The company announced a maiden Santa Rita underground inferred resource in December 2008 of 55 million tonnes at 0.82% Ni and 0.24% Cu.

Mirabela Nickel Ltd owns 100% of the world class Santa Rita nickel sulphide project with a JORC Indicated open‐cut resource of 130mt grading 0.60% Ni for 780,000t of contained Ni, Santa Rita is the largest nickel sulphide discovery world‐wide in the last 12 years. Construction of a 6.4 mtpa nickel sulphide concentrator commenced in November 2007. Construction is now about 65% complete and the project remains on track to commence production mid 2009.

Mirabela Nickel was trading at $1.25 in Australia.

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