[miningmx.com] – SOUTH32, the company created from the demerger of assets from BHP Billiton, missed June quarter nickel production guidance due to labour unrest at its Cerro Matoso mine in Colombia and a drop in ore grades, said Reuters.
Output of the metal was 40,000 tonnes against guidance of 43,000 tonnes provided in April and down 9% year-on-year, said Reuters which was citing data from South32’s quarterly operations report.
Production is expected to decline by a similar amount in the 2016 financial year before stabilising the following year, the company said.
Click here to read the full article
