Northern Star sales drop from last quarter, lifts unit costs view

Rio will evaluate the potential commercial deployment of its Nuton copper heap leaching technologies developed to deliver increased copper recovery from mined ore.

All operations at SOB (South Ore Body mine shaft) have been suspended until further notice.

Electricity shortages have, in the past decade, hurt mining operations in the southern African nation that relies almost completely on hydropower.

The inspection was done following a requirement by the Supreme Court of Justice in the application of the Law on the Closure of Mining Operations and Facilities.

The Reko Diq project hosts one of the world's largest undeveloped copper and gold deposits.

The Cuajone copper mine suspended operations on Feb. 28, after four communities in southern Peru shut down water access to the company.

The company said it had received permission by the Russian government to pay in dollars, but believed Citigroup, the paying agent, would block the payment.

Centerra will be evaluating the impact of this suspension on its 2022 guidance, which was raised to 400,000-450,000 oz earlier in the year.

The company had declared a force majeure in 2021, after the project's general manager was killed on his way to work.