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) |