Telah Terbit: Feb 15, 2024 18:49
CITIC Limited: CITIC Pacific Mining is forced to lower the estimated production of iron concentrate to approximately 14 million wet metric tons in 2024. CITIC Limited (00267.HK) issued a statement on the Hong Kong Stock Exchange, stating that due to the refusal of the tailings dam expansion project by the mineral owner, Mineralogy, CITIC Pacific Mining is now forced to lower the estimated production of iron concentrate to approximately 14 million wet metric tons in 2024 (approximately 21 million wet metric tons in 2023). The company had previously disclosed in the '2023 Interim Report' that the continued operation of CITIC Pacific Mining requires the expansion of its pit and waste rock/ tailings dams beyond the approved land scope. Unless the above-mentioned expansion obtains approval, restrictions on the pit and waste rock/ tailings dams will result in a reduction in iron concentrate production in 2024, possibly leading to a temporary shutdown.

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