“The expected financial impact will be an increase of approximately 3.2% of the total annual cost of sales,” Maaden said in a filing.

The removal of Sébastien de Montessus follows an investigation by the board into an irregular payment instruction of $5.9 million issued by him.

Hong Kong-listed CMOC produced 55,526 tons of cobalt in 2023, it said in a filing.

Through the newly formed Minera El Encierro, the companies will carry out exploration for five years in a property comprising 35 concessions.

The firm had on Wednesday said that multiple iron ore cars derailed at its Western Australia operations.

The miners' union expressed concern about the construction workers' plans to force their way into the mine on Jan. 9.

Operations at the mine have been suspended.

On September 20, 2021, a worker stepped into an uncovered floor opening at the company's facility near Rocanville.