Western Areas posts solid quarter
PERTH (miningweekly.com) – Nickel miner Western Areas has maintained its production outlook for 2020, with the company reporting a solid quarter in the three months to March.
Total nickel mined during the quarter reached 5 896 t, which was in line with the 5 849 t produced in the previous quarter. Total nickel-in-concentrate produced declined slightly from the 5 399 t produced in the December quarter to 5 154 t.
“Despite the various challenges encountered during the quarter, our Forrestania operations produced another reliable operating result while also delivering a backlog of concentrate from the prior quarter. At our new Odysseus mine, significant infrastructure work was completed, including the shaft headframe boxcut, which is now prepared for civil concrete foundation works,” said MD Dan Lougher.
Nickel sales for the quarter increased significantly from the 3 991 t sold in the December quarter to 3 456 t; however, Lougher noted that nickel prices fell during the March quarter as a result of Covid-19 economic and financial impacts across the global market.
He noted that the accompanying fall in the Australian dollar over the same period has, however, cushioned the impact of the nickel price movement.
Nickel prices continue to be volatile; however, some early signs of stability are starting to become evident, and the closure of various international nickel operations, owing to Covid-19-related suspensions or lower prices, is expected to assist in rebalancing the wider nickel market.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
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















