..Operating mines (be it gold, lithium, coal, iron ore) all face this risk plus commodity pricing risk.
..MIN is down -11%
..Commodity price and production delays are not relevant short term risk for junior exploration stocks.
MinRes hit by lithium delay as mining services work dries up Brad ThompsonReporter
Apr 26, 2023 – 10.13am
KEY POINTS
Work to double processing plant capacity at Mt Marion to 900,000 tonnes a year of mixed grade spodumene concentrate was hit by problems getting workers to site and finding them beds.
Both spodumene concentrate and battery chemical sales from Mt Marion would be at the lower end of full-year guidance along with a big jump in spodumene production costs.
MinRes cut mining services full-year production volume guidance from 270-280 million tonnes to 245-255 million tonnes.
Mineral Resources has been hit by delays at its key Mt Marion lithium expansion project less than a week after flexing its muscle to scupper the acquisition of Essential Metals.
The Chris Ellison-led MinRes also slashed full-year production guidance for its core mining services division as contracts dry up and with new projects still in the approval stage.
