Sierra Rutile warns of another low quarter of production
PERTH (miningweekly.com) – Rare earths miner Sierra Rutile has flagged lower production for the June quarter, ahead of its quarterly report, noting that operations in Sierra Leone were being hampered by power disruptions caused by mechanical failures at the company’s power station.
The ASX-listed company told shareholders that these power disruptions have impacted plant availability.
In light of current market conditions for rutile sales, the company is now prioritising heavy mineral concentrate (HMC) production, with the mineral separation plant and one of the four wet concentrators currently offline. The miner told shareholders that while this situation persists, there would be an adverse impact on rutile production.
“Work is ongoing to resolve the power disruption issues and Sierra Rutile currently anticipates returning to full capacity early in the third quarter. At this stage, the company expects that much of the production lost in June can be made up in the second half as HMC stocks currently being built up are processed to saleable product,” the miner said in a statement.
However, the company was no longer expecting to exceed 2022 production of 136 000 t of rutile, it added.
The disrupted second quarter operations followed on from a tough first quarter, which was hampered by operational issues, as production was lost in March owing to water pump availability, below budget grades and a 19-hour power outage caused by severe weather conditions.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.
VISIT SHOWROOM
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
