Cause analysis of bankruptcy of 90 1 nickel mine in Huili county

The company lost money. The Panxi area of the motherland contains a large number of mineral deposits, not only the famous vanadium-titanium magnetite, but also coal mines, graphite mines, limestone mines, clay mines, zinc mines, copper mines and nickel mines. Before the construction of Panzhihua V-Ti magnetite utilization base, the first nickel mine in new China, Huili Nickel Mine, also known as 90 1 mine, was established in Huili, not far from Panzhihua. The commissioning of Huili Nickel Mine ended the history that nickel metal in China was totally dependent on imports, and nickel was recovered from scrap metal. 1960s, this mine undertook the production task of more than 70% nickel ore in China and made great contributions to the country. From 65438 to 0985, policy losses began to appear. After that, except for a few years, most nickel mines were at a loss. During the period of 1988, due to the independent control policy of products and the sharp rise in market prices, the enterprise achieved substantial profits. From 1993, the nickel mine fell into losses again, which continued until the enterprise went bankrupt and closed down.