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September 25, 2020

Coronavirus company news summary – Altura ramps up lithium mine in Western Australia – Jupiter Mines releases Q2 financial results – Western Australia reports record resources sales

By Matthew Hall

25 September

Lithium raw materials supplier Altura Mining has ramped up operations at the Altura lithium mine in Western Australia as site-based staff returned to pre-coronavirus rosters. The company reported that production at the lithium mine had been consistent and was expected to reach 43,000 to 45,000 wet metric tonnes (wmt) for the September quarter. Altura also noted that shipping tonnage for the September quarter (Q3-2020) have exceeded production, with 51,217wmt sold via four cargoes. Altura managing director James Brown said: “Altura’s production and sales have continued to be strong through what are still weak market conditions.”

Iron ore mining company Jupiter Mines has announced that overall mining volumes during the quarter that ended on 31 August were below plan as a result of continued delays in mobilising additional equipment due to the coronavirus pandemic. Production and exports from the company’s Tshipi Borwa manganese mine in South Africa remained on track, despite the project tracking behind plan. Irrespective of the issues reported at the mine, Tshipi delivered 840,469t of manganese during Q2-FY2021, compared with the 694,769t in the first quarter.

According to statistics released by the Department of Mines, Industry Regulation and Safety, the resources sector in Western Australia (WA) reported record sales of A$172bn ($121bn) in the FY2019-20. Iron-ore sales reached a record A$103bn ($72bn) on increased output and an ‘eight-year price high’, while gold sales also increased to an all-time high of almost A$16bn ($11.2bn) with prices averaging more than A$2,300 ($1,620) per ounce. WA Mines and Petroleum Minister Bill Johnston said: “These record results underpin the importance and resilience of the resources sector as WA recovers from the impacts of the Covid-19 pandemic.”


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