Unki mine production increased to 66,300 ounces
Platinum production improved by 38%
Palladium production increased by 37%
Production at Unki mine improved by 38% to 66,300 ounces for the second quarter ended 30 June 2022 according to the latest quarterly report by parent company Anglo American Platinum Limited.
The increase in production is attributed to the completion of the concentrator debottlenecking project.
“The concentrator debottlenecking project was completed in Q4 2021 which increased concentrator capacity from 180ktpm to 210ktpm,” Anglo American said.
The Group highlighted that during the quarter, increased mining to fill capacity led to a 24% increase in tonnes milled.
The 4E built-up head grade increased by 12% to 3.87g/t, returning to a more normalised grade.
Unki’s platinum production increased by 38% to 29,700 ounces whilst palladium production increased by 37% to 25,700 ounces.
Meanwhile, Anglo American’s total PGM production for the quarter under review decreased by 2% to 1, 031, 500 ounces with platinum production also shrinking by 2% to 479,100 ounces and palladium production declining by 4% to 321,500 ounces.
“Despite total PGM production being marginally lower in Q2 2022 against Q2 2021, I am pleased with the improved stability across the operations as we build maturity in our operating model and asset reliability,” Anglo America Chief Executive Officer, Natascha Viljoen said.
Total PGM production from own-managed mines decreased by 2% to 586,700 ounces primarily due to lower production from Mogalakwena, partially offset by strong production from Mototolo and Unki.
Refined PGM production (from owned production, excluding tolling) decreased by 8% to 1,240,600 ounces, due to more normalised throughput.
However, the purchase of PGM concentrate (POC) from third parties increased by 2% to 245,600 ounces primarily due to the continued recovery of third-party volumes from the impact of Covid-19.
PGM sales volumes for the quarter decreased by 16% to 1,206,200 ounces, in line with lower refined production.
Platinum sales volumes decreased by 9% to 600,900 ounces whilst palladium sales volumes fell by 16% to 388,800 ounces.
Concerning the 2022 guidance, the Group maintained its metal-in-concentrate with PGM guidance at 3.9 to 4.3 million PGM ounces and its refined PGM production guidance at 4.0 to 4.4 million PGM ounces, subject to the potential impact of Eskom power outages.
“Both are subject to the extent of further Covid-19 related disruption,” the Group said.
Equity Axis News