Australia flooding to disrupt lead, zinc concentrate rail shipments
The 1,000 km (620 mile) rail line is used by miners including Glencore, MMG Ltd and South 32 to carry zinc and lead concentrate from the Mt Isa region.
The company isn’t under pressure to follow rivals like BHP in seeking acquisitions, and will instead focus on innovation to grow production and lower costs, CEO Kathleen Quirk said.
El Teniente’s first-half production is tracking lower than the same period last year as it repairs areas of the underground operation affected by the collapse last June.