Jubilee Platinum PLC’s (LON:JLP) subsidiary, Braemore Nickel, has had its tailings supply agreement covering the Leinster nickel operations in Western Australia terminated by mining giant BHP Billiton plc (LON:BHP).
Braemore has told BHP that it rejects the notice since it believes there is no legal or factual basis for such a termination.
The subsidiary has been conducting an internal review of the Leinster project to try and improve its viability as part of an economic evaluation.
Jubilee stressed that this nickel tailings project does not form part of its earnings nor does it affect its platinum and chrome projects.
Shares were down 1% to 3.55p.