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Mar.29.2024 1USD=7.095RMB
  SteelHome >>Raw Material>>Market Info>>Special Studies
 
South 32 Announces 2019 Q3 Manganese Production Report

https://en.steelhome.com [SteelHome] 2019-10-18 15:08:00

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Maintained higher rates of manganese ore production at our low-cost, flexible operations and commenced exploration drilling in the Southern Areas target at GEMCO following the receipt of approvals.

 

Australia Manganese saleable ore production increased by 21% (or 150kwmt) to 868kwmt in the September 2019 quarter. Higher utilisation rates were achieved in the primary circuit as the impact of heavy rainfall in the prior quarter subsided. The Premium Concentrate Ore (PC02) circuit operated at approximately 120% of its design capacity, as we continued to take advantage of favourable market conditions with our low cost PC02 fines product contributing 11% of total production. While we continue to monitor market conditions and the potential impact from the wet season across the remainder of the financial year, FY20 production guidance remains unchanged at 3,560kwmt.

 

Manganese alloy saleable production decreased by 30% (or 12kt) to 28kt in the September 2019 quarter as one of the four furnaces was taken offline.

 

South Africa Manganese saleable ore production decreased by 4% (or 25kwmt) to 547kwmt in the September 2019 quarter as a planned maintenance shut was completed at our high grade underground Wessels mine. We continued to take advantage of favourable market conditions by selling lower quality fines products and utilising higher cost trucking as an alternative route to market. While we continue to monitor market conditions FY20 production guidance remains unchanged at 2,100kwmt.

 

Manganese alloy saleable production decreased by 27% (or 6kt) to 16kt in the September 2019 quarter.

 

T1: Production Summary

South32 share

YTD FY19

YTD FY20

YoY

1Q19

4Q19

1Q20

QoQ

Manganese ore production (kwmt)

1,447

1,415

-2%

1,447

1,290

1,415

10%

Manganese alloy production (kt)

52

44

-15%

52

62

44

-29%

 

T2: Production Guidance

Production guidance (South32 share)

FY19

3M YTD FY20

FY20e

Australia Manganese

 

 

 

Manganese ore production (kwmt)

3,349

868

3,560

South Africa Manganese

 

 

 

Manganese ore production6 (kwmt)

2,187

547

2,100

 

T3: Australia Manganese (60% share)

South32 share

YTD FY19

YTD FY20

YoY

1Q19

4Q19

1Q20

1Q20 vs 1Q19

1Q20 vs 4Q19

Manganese ore production (kwmt)

932

868

-7%

932

718

868

-7%

21%

Manganese ore sales (kwmt)

884

852

-4%

884

916

852

-4%

-7%

Manganese alloy production (kt)

41

28

-32%

41

40

28

-32%

-30%

Manganese alloy sales (kt)

29

32

10%

29

46

32

10%

-30%

 

T3: South Africa Manganese (60% share)

South32 share

YTD FY19

YTD FY20

YoY

1Q19

4Q19

1Q20

1Q20 vs 1Q19

1Q20 vs 4Q19

Manganese ore production6 (kwmt)

515

547

6%

515

572

547

6%

-4%

Manganese ore sales6 (kwmt)

487

544

12%

487

573

544

12%

-5%

Manganese alloy production (kt)

11

16

45%

11

22

16

45%

-27%

Manganese alloy sales (kt)

16

13

-19%

16

22

13

-19%

-41%

Related Link: Official Document


(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837)
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