GREY:NEVDQ - Post by User
Post by
bogfiton Jul 31, 2022 6:53pm
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Post# 34863416
Glencore copper production down 15% compared to H1 2021.
Glencore copper production down 15% compared to H1 2021. "Major global miner and commodity trader Glencore (LSE: GLEN) reported today that its own sourced copper production was 510,200 tonnes in H1 2022, down 15% compared to H1 2021.
The company said that lower copper production was due to ongoing geotechnical
constraints at Katanga, the basis change arising from the sale of Ernest Henry in January 2022, Collahuasi mine sequencing and lower copper units produced within Glencore’s zinc business."
Glencore says its copper production down 15% in H1, reduces FY2022 copper guidance "
Explanation given less than convincing.
BTW - Mt. Ida has been flooded twice in two years. Rail service to port disrupted.
b.