February 3, 2012 / 2:43 PM / in 6 years

UPDATE 1-URSA Major Minerals halts Ontario mine operations

(Follows alerts)

Feb 3 (Reuters) - Canada’s URSA Major Minerals Inc said it is temporarily suspending operations at its Shakespeare Nickel mine in Ontario, sending its shares down as much as 8 percent in early morning trade.

“Our previous processing agreement expired in December 2011 and we have not been able to conclude a new processing agreement for Shakespeare ore,” Chief Executive Richard Sutcliffe said in a statement.

Shares of the company were trading at 6 Canadian cents on Friday on the Toronto Stock Exchange. (Reporting by Shounak Dasgupta in Bangalore; Editing by Sriraj Kalluvila)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below