Palabora production for Q1 up 9%

[] — Palabora Mining Company on Wednesday reported a quarter-on-quarter increase in production of 9% for the first quarter of 2010.

Production was slightly lower than the corresponding period in 2009, it said.

Production from the underground mine averaged 31 542 tonnes on a daily
basis for the quarter.

In total, 2 838 805 tonnes of ore was hoisted during the quarter with a copper grade of 0.66%. Average copper head grade was relatively unchanged
from the last quarter but 2% lower than the corresponding period in 2009.

A member of the Rio Tinto Group of Companies, situated in the Ba-Phalaborwa area of Limpopo, Palabora operates a large block cave copper mine smelter complex and 241 million tonne magnetite stockpile.