During a regular inspection at the Extremo Norte mine, it was identified that the area around the main access and the escape route presented above-normal ground displacements

Vital to use placement funds for construction, mining and operations for production at Nechalacho project.

The 2105 ferrosilicon contract price on ZCE closed at 7,190 yuan per ton on March 22.

The Toronto-listed firm's deal for rival gold miner Semafo helped the company increase production by 40% from 2019's levels to a record 908,000 ounces last year.

The miner’s free cash flow increased from $38m in 2019 to $476m across last year, with the fourth quarter alone delivering $261m.

The project development work commenced in June 2020 pursuant to the 10-year coal supply offtake award by Eskom in July 2019.

The Company currently employs 178 full time personnel under the contract, with a further increase of around 60 full time personnel.

Glencore is evaluating the feasibility of developing the mine that is located in Queensland.