According to the recent report released by South32, due to refurbishment of one furnace, nickel production of Cerro Matoso mine in 4th quarter reaches 6100 tons, falling 39% compared with same period last year. And its sale volume reaches 6100 tons, falling 41% compared with same period last year. In the second half year of 2020, the nickel production are about 16.1 thousand tons, which is 22% less than same period last year. And the furnace refurbishment will be done by the end of January of 2021.
The Nickel Production of Cerro Matoso:
In the second half year of 2020, due to refurbishment of its one furnace, Cerro Matoso produced 16.1 thousand tons nickel, which is 22% less than same period last year. And the refurbishment will be done by the end of January of 2021.
During this period, Cerro Matoso approved the development of Queresas and Porveni Project. This project includes developing 17 million tons mineral resources estimated by the company in 2018.
This is a high return, low cost project. And it will improve the quality of raw materials of iron ore in next 6 years. After this project get approved, the producing speed has respectively increased by 3% and 13% in the year of 2020 and 2021.
About Cerro Matoso mine
The Cerro Matoso mine in northwest of Colombia is one of the largest open-pit ferronickel mines in the world. and the largest mine of South America, containing the largest nickel reserve in Colombia. It is operated by Cerro Matoso S.A., a company that was owned by Anglo-Australian multinational BHP Billiton between 1980 and 2015, and since then is owned by South32.