Tag: GEMCO

BOTH the 2019 half year results and March quarter results for South32 bode well for the year ahead, with chief executive Graham Kerr confident of an achievable production guidance for 2019. “For the full year we’ve increased production guidance at Illawarra Metallurgical Coal by 7 per cent with production guidance unchanged for all other operations,” he said. “We’ve also lowered unit cost guidance for most operations as we maintain operating discipline and benefit from a stronger US dollar.” Saleable production at Illawarra for the March quarter increased by 68 per cent and 2033kt to 5Mt in the nine months ended March 2019, and was set to produce 6.5kt as it started on the extraction of new panels at both Appin…

All images: South 32. BY AMY BLOM THE world’s largest and lowest-cost manganese ore producer is set to produce even more, as South32 launches a three-year drilling program at GEMCO. South32 has continued to surge on the back of its Groote Eylandt Mining Company operation (GEMCO), with exploration plans underway designed to leverage even more value from the manganese mine. GEMCO is an open-cut mining operation in the Gulf of Carpentaria, 50km from the Northern Territory mainland, producing high-grade manganese ore that is then shipped to South32’s Tasmanian manganese alloy plant (TEMCO) and around the world. According to South32, GEMCO is one of the largest and lowest-cost manganese ore producers in the world. Together, GEMCO and TEMCO form South32’s Australian manganese operations.…