Home / Metal News / Nickel / Australian miner South32's Metalloys smelter in South Africa has entered a period of maintenance.
Australian miner South32's Metalloys smelter in South Africa has entered a period of maintenance.
Jul 22,2020 17:09CST
translation
[Australian miner South32's Metalloys smelter in South Africa enters maintenance period] diversified mining company South32 has carried out a temporary overhaul of (Metalloys), a manganese alloy smelter in Meyerton, Gauteng province. South 32 said in its second-quarter results that the decision was made after considering the future economic viability of the smelter.
The content below was translated by Tencent automatically for reference.

SMM7 March 22: diversified mining company South32 has temporarily overhauled the manganese alloy smelter (Metalloys), which is located in the Meyerton region of Gauteng, South Africa.

On Monday, South 32 said in its second-quarter results that it made the decision after considering the future economic viability of the smelter. It is reported that the company's saleable manganese alloy production decreased by 16000 tons to 53000 tons in fiscal year 2020.

South32, led by CEO Graham Kerr, reviewed its Australian manganese alloy smelter Temco, which expects to record related pre-tax, non-cash impairment charges of $109 million in its fiscal year 2020 results. The one-time pre-tax restructuring cost, including layoffs, is expected to be $7 million.

South Africa's saleable manganese ore production fell 14 per cent to 1.878 million wet metric tons in fiscal year 2020, mainly due to a weak market in the second half of 2019. This has reduced the use of high-cost trucks and extended the maintenance period of the Wessels mine in the Northern Cape.

After temporarily entering the maintenance period in the second quarter, the current Mamatwan open-pit mine and Wessels underground mine have returned to full capacity operation.

Affected by the epidemic, manganese ore sales in South Africa fell by 34% in the second quarter.

[mine Annual report] Nickel production and sales of South32:2020 fell 1% in fiscal year compared with the same period last year.

Scan the code to apply to join the SMM industry communication group:

Nickel
mining
South32

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news