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Mar.29.2024 1USD=7.0948RMB
  SteelHome >>Raw Material>>Market Info>>International Dynamics
 
South32 Announced 2020 Q3 Manganese Production Report

https://en.steelhome.com [SteelHome] 2020-10-21 14:31:04

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Australia Manganese saleable ore production increased by 3% (or 26kwmt) to 880kwmt in the September 2020 quarter as favourable ore characteristics supported an improvement in primary concentrator output, more than offsetting lower volumes of our Premium Concentrate Ore (PC02) fines product. PC02 fines contributed 9% of total production in the period. With its lower relative price realisations, PC02 contributed to an overall modest discount for our manganese ore sales to the high grade 44% index10 during the September 2020 quarter.

While we continue to monitor market conditions and the potential impact from the wet season across the remainder of the year, FY21 production guidance remains unchanged at 3,500kwmt.

Manganese alloy saleable production decreased by 7% (or 2kt) to 27kt in the September 2020 quarter as one of the four furnaces at TEMCO remained offline.

South Africa Manganese saleable ore production increased by 55% (or 207kwmt) to 581kwmt in the September 2020 quarter as the operation returned to full capacity, following the nationwide COVID-19 lockdown in the prior quarter. We took advantage of favourable market conditions by utilising higher cost trucking as an alternate route to market while rail logistics continued to normalise. While we continue to monitor market conditions and the attractiveness of higher cost trucking, FY21 production guidance remains unchanged at 2,000kwmt.

We did not produce any manganese alloy in the September 2020 quarter as our Metalloys manganese alloy smelter remained on care and maintenance.

Production summary

South32 share

YTD FY20

YTD FY21

YoY

1Q20

4Q20

1Q21

QoQ

Manganese ore production (kwmt)

1,415

1,461

3%

1,415

1,228

1,461

19%

Manganese alloy production (kt)

44

27

-39%

44

34

27

-21%

Production guidance

Production guidance (South32 share)

FY20

3M YTD FY21

FY21e

Australia Manganese

 

 

 

Manganese ore production (kwmt)

3,470

880

3,500

South Africa Manganese

 

 

 

Manganese ore production7 (kwmt)

1,878

581

2,000

Operating Performance

South32 share

YTD FY20

YTD FY21

1Q20

2Q20

3Q20

4Q20

1Q21

Australia Manganese (60% share)

 

 

 

 

 

 

 

Manganese ore production (kwmt)

868

880

868

907

841

854

880

Manganese ore sales (kwmt)

852

994

852

885

775

928

994

Ore grade sold (%, Mn)

45.6

44.3

45.6

44.4

44.4

43.9

44.3

Manganese alloy production (kt)

28

27

28

29

24

29

27

Manganese alloy sales (kt)

32

26

32

26

31

27

26

South Africa Manganese (60% share)

 

 

 

 

 

 

 

Manganese ore production7 (kwmt)

547

581

547

491

466

374

581

Manganese ore sales7 (kwmt)

544

517

544

529

476

316

517

Ore grade sold (%, Mn)

40.4

39.7

40.4

39.6

39.8

40.8

39.7

Manganese alloy production (kt)

16

-

16

18

14

5

-

Manganese alloy sales (kt)

13

8

13

15

20

7

8

Source: South32


(To contact the reporter on this story: jemma.shang@steelhome.cn or 86-555-2238875 18155520624)
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