30 October 2023
30 October 2023
The fire at the Kostenko coal mine occurred on 28 October 2023, reportedly due to a methane blast.
The decision to place the Renard mine in a care and maintenance phase is effective immediately.
Adelong plans to begin an initial drilling programme after securing a permit for the third licence application at the project.
The share subscription in the JV has also been concluded, with Anglo American purchasing a 70% stake.
Lower sales volumes dragged down revenues, which fell 5% to $2.5bn, despite the rise in gold and copper average realised prices.
With a $690m debt, Chemaf is also looking for other options such as a joint venture.
Net operating revenues stood at $10.62bn while proforma adjusted EBITDA from continuing operations was $4.48bn.
With a 115,000-tonne (t) stockpile of underground ore ready for production, Bellevue poured its first gold bar weighing 8.3kg.
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