South32 reduces FY19 alumina production guidance

Mining-and-metals company South32 has revised its alumina production guidance down due to a de-bottlenecking initiative, it said in its third-quarter financial year report on Thursday April 18.

The company reduced production guidance at its Worsley alumina facility in operation by 4% to 3.79 million tonnes to, “support a sustainable increase in production-to-nameplate capacity ahead of future de-bottlenecking,” it said. South32 owns a 86% share of the Worsley alumina refinery in Western Australia, with Japan Alumina Associated owning 10% and Sojitz Alumina owning the remaining 4% share. Production at Worsely fell by 15% to 893,000 tonnes compared with the previous quarter, which runs from October to December of 2018. Concurrently, sales fell 10% quarter on quarter to 936,000 tonnes in the third quarter of the company’s 2019 financial year. The company will increase production at the facility to a nameplate capacity of 4.6 million tonnes per year by 2020. South32 also reduced the production guidance at its Brazil Alumina operation, of which it owns a...

Published

Justin Yang

Alice Mason

April 18, 2019

16:20 GMT

London