https://www.miningweekly.com
PROJECT
PROJECT
project

Western Areas hits targets in 2019

18th July 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Nickel miner Western Areas has hit its production targets in the full year ended June, delivering another consistent quarter in the three months to June.

Western Areas produced 5 423 t of nickel in the June quarter, bringing full-year production to 23 208 t, with total nickel-in-concentrate reaching 5 433 t in the quarter under review, while full-year production was reported at 21 675 t of nickel-in-concentrate.

The full-year production was in line with the guidance of between 20 500 t and 22 00 t of nickel-in-concentrate, while unit cash costs for the full year also hit target at A$2.98/lb, compared with the guidance of between A$2.80/lb and A$3.20/lb.

Sales volumes for the quarter were up from the 5 189 t reported in the March quarter, to 5 890 t, bringing full-year sales volumes to 21 483 t. This resulted in the highest operational cashflow for the year of A$49.3-million being reported in the June quarter.

Western Areas MD Dan Lougher said on Thursday that strong free cash flows of A$27.6-million were reported for the June quarter, which resulted in A$144.3-million cash at bank at the end of the quarter.

Meanwhile, Lougher noted that the Odysseus project’s early works package was completed on time and on budget.

A previously completed definitive feasibility study estimated that the A$299-million Cosmos Odysseus project would produce on average 13 000 t/y of nickel-in-concentrate over an initial ten-year mine life, based on an ore reserve of 8.1-million tonnes, grading 2% nickel for 164 000 t of nickel.

Edited by Creamer Media Reporter

Comments

Showroom

SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
17th April 2024

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.126 0.156s - 113pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: