- Write by:
-
Wednesday, April 21, 2021 - 14:11:57
-
640 Visit
-
Print
Mining News Pro - Chilean copper miner Antofagasta has kept its guidance for the full year unchanged at between 730 000 t and 760 000 t, despite the country enduring a sharp uptick in Covid infections in recent weeks.
The full-year guidance assumed that Covid-19 restrictions would remain in place for all of 2021, the LSE-listed miner reported on Wednesday.
“In addition to health measures we introduced last year, we have further reduced our on-site workforce and these actions have allowed us to continue to operate our mines and projects under these challenging conditions,” said CEO Ivan Arriagada.
However, Antofagasta is reviewing major maintenance at Los Pelambres that were originally planned for the second quarter. The maintenance would require many additional workers on-site and would likely be rescheduled to later in the year.
The more extensive lockdowns would also not have an impact on the growth projects at Los Pelambres, Centinela and Zalidvar.
The miner produced 183 000 t at a net cash cost of $1.16/lb in the first quarter. Production was 5.7% lower than in the same quarter in 2020 and 5% lower than in the fourth quarter of 2020, owing to expected reduced grades at Los Pelambres.
Gold production was 59 100 oz in the first quarter of 2021, 9.2% lower than in the same period of 2020 and 8% higher than in the fourth quarter. Molybdenum output increased by 600 t year-on-year to 3 000 t.
Short Link:
https://www.miningnews.ir/En/News/612224
Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an ...
A key measure of Chinese copper demand just sank to zero, another indication that global prices are not balanced with ...
Canadian miner First Quantum Minerals (TSX: FM) believes it will be able to take the already mined 121,000 tonnes of ...
Canadian miner First Quantum Minerals said on Tuesday that it has cut its debt by $1.14 billion in the first quarter.
Chile is expected to produce a record 5.8 million metric tons of copper in 2025, the state-run Chilean Copper Commission ...
Copper traded near $10,000 a ton, hitting a new two-year high on its way, as investors continue to pile in on a bet that ...
A Native American group has asked all members of a US appeals court on Monday to overturn an earlier ruling that granted ...
Codelco is exploring more partnerships with the private sector as Chile’s state copper behemoth looks to recover from a ...
No comments have been posted yet ...