Edition:
India

Tharisa Says FY 2020 Production Guidance Is 155 Koz To 165 Koz Pgms (6e Basis) And 1.45 Mt To 1.55 Mt Of Chrome Concentrates


Wednesday, 9 Oct 2019 

Oct 9 (Reuters) - Tharisa PLC ::FOURTH QUARTER AND FULL YEAR PRODUCTION REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2019.FY PGMS RECOVERY AT 82.1% WITH PRODUCTION OF 139.7 KOZ.FY REEF TONNES MINED AND MILLED AT 4 627.1 KT AND 4 836.0 KT RESPECTIVELY.FY CHROME RECOVERY AT 62.0% WITH CHROME PRODUCTION AT 1 290.0 KT.FY PGMS RECOVERY AT 82.1% WITH PRODUCTION OF 139.7 KOZ.THARISA'S FY2020 PRODUCTION GUIDANCE IS 155 KOZ TO 165 KOZ PGMS (6E BASIS) AND 1.45 MT TO 1.55 MT OF CHROME CONCENTRATES.VULCAN PLANT REMAINS FIRMLY ON TRACK FOR COMMISSIONING IN CALENDAR Q4 2020.FY CHROME PRICE RECEIVED DOWN 12.9% TO US$162/T.FY PGM PRICE OF US$1 081/OZ, UP 17.1% FROM 2018.ON TRACK TO ACHIEVE ITS VISION 2020 TARGETS OF 2 MT CHROME CONCENTRATE & 200 KOZ OF PGMS ON AN ANNUALISED BASIS BY END OF CALENDAR YEAR 2020.ORDERS FOR LONG LEAD ITEMS HAVE BEEN PLACED AND CONSTRUCTION SCHEDULE IS ON TRACK FOR COLD COMMISSIONING IN CALENDAR YEAR 2020.CONSTRUCTION ON VULCAN PLANT HAS COMMENCED, WITH CIVIL WORKS DUE TO BE COMPLETED BEFORE CHRISTMAS 2019. 

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