SMM10, March 20: recently, South32 released its results for the third quarter of 2021 (the first quarter of fiscal year 2020). South32 CEO Graham Kerr said, "our top priority is still to maintain the safety and health of our employees and to maintain safe and reliable operations." We will continue to adjust our response according to the various stages of the epidemic in the place where we operate. Despite the health crisis, we maintain annual production guidance in all operating departments. The company's nickel ore output in the third quarter of 2020 was 10kt (kilotons), an increase of 3 per cent month-on-month.
Production situation:
Production guidance:
Cerro Matoso (Cerro Matoso)
Cerro Matoso's nickel production increased by 3 per cent (or 0.3kt) in the third quarter to 10.0 kt as the plant continued to achieve higher plant utilization and productivity. The production guidance price for fiscal 2021 remains unchanged at 33.5kt, and the plant plans to significantly refurbish one of the furnaces in the fourth quarter of 2020.
Sales increased by 4% in the third quarter compared with the previous quarter. Ferronickel products are sold on the basis of L or M + 1 with reference to the LME Nickel Index and often attract product discounts.
