More production guidance cuts from elsewhere in the globe.Antofagasta and Vale cut guidance for copper production
Antofagasta has become the latest copper miner to cut production guidance as the industry deals with inflation, drought and maintenance issues.
The London-listed company on Wednesday lowered its full year output target to 640,000 to 660,000 tonnes from 660,000 to 690,000 previously, blaming a leak in an underground pipeline at its Los Pelambres operation in Chile and continued “uncertainty about water availability”.
...
The revised guidance from Antofagasta came just hours after Vale said it expected to produce 270,000 to 285,000 tonnes of copper this year, down from an earlier forecast of 330,000 to 355,000.
That was the result of longer-than-expected maintenance at its Sossego mine in the Amazon and additional maintenance at the Salobo project. Sossego was out of action for four and half months versus an original plan of 45 days, the company said.
More production guidance cuts from elsewhere in the...
-
- There are more pages in this discussion • 1,008 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
