Collapsed nickel explorer set to bounce back

Albidon collapsed in March, following a slump in world nickel prices, which were among minerals and commodities negatively affected by the global recession. Prior to the recession's onset, Albidon had been operating the Munali Nickel Mine in Zambia for less than a year, while prospecting for the same mineral in Botswana, Tanzania and Tunisia.

Outside Zambia, Albidon had hoped to progress the Selebi-Phikwe exploration to resource estimation and further development, using the mine development experience gained at Munali and benefiting from the geological similarities between the countries.