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South32 reports lower base metals production in September quarter, maintains its guidance - Kitco NEWS

Last updated Thursday, October 21, 2021 14:30 ET , Source: NewsService

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(Kitco News) - South32 reported today that it has recorded sequentially lower base metals production in September quarter 2021, with Cerro Matoso impacted by a temporary equipment outage, while Cannington extracted a planned series of lower grade stopes.

The company said that during the quarter, it produced 9.6 ktonnes of nickel (previous quarter: 10.9 ktonnes), 3,493 koz of silver (previous quarter: 4,178 koz), 31.9 ktonnes of lead (previous quarter: 41.2 ktonnes) and 15.4 ktonnes of zinc (previous quarter: 19.5 ktonnes).

On the other hand, South32 added it has achieved a 7% increase in manganese production, with a quarterly record at South Africa Manganese and a strong start to the year at Australia Manganese.

Moreover, the company has maintained production above nameplate capacity at Worsley Alumina, with the operation continuing to benefit from improvement initiatives.

The company also restored production to normalised rates at Brazil Alumina in October, following an incident that damaged one of the bauxite unloaders at the refinery in July 2021; and increased production at Mozal Aluminium, with smelter productivity benefitting from its investment in the AP3XLE energy efficiency technology.

Importantly, South32 pointed out that it has maintained its FY22 production guidance with the...



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