BASE METALS

OZ reduces copper guidance as Aussie costs rise

COVID-19 absenteeism, a rough patch of weather, and operational issues at Carrapateena in South Australia have caused OZ Minerals to wind back its 2022 production guidance, with a warning that everything is proving to be more expensive.

Carrapateena has underperformed this year

Carrapateena has underperformed this year

Cost expectations are up around 17%, while overall production is expected to be about 8% lower.   While its Carajas East operations in Brazil are outperforming expectations, and should deliver at the...

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