South32 reduced its production targets in five mining operations in the fiscal year of 2023, involving coal, nickel, zinc, and alumina, due to adverse weather and other temporary impacts, according to the company's chief executive officer, Graham Kerr.
The miner reduced its metallurgical coal guidance by 7% at Illawarra owing to challenging strata conditions.
It also cut guidance for Brazil alumina operations by 4% owing to a temporary conveyor outage, reduced production target of Cerro Matoso nickel operation by 7% owing to difficulties accessing higher grade ore, and lowered down Zinc output guidance of South32's Cannington operations by 6%.
However, the company remains on-track to meet 2023 production guidance at the majority of their operations, according to Graham Kerr.
(Writing by Emma Yang Editing by Harry Huo)
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