Power supply risks, operational challenges limit supply growth.

MetalCorp's main assets are the North Rock copper-nickel project and the Big Lake copper-zinc-gold-silver project in Ontario.

A lengthy strike at its South African gold mines and flooding at its US platinum operations impacted production.

The Anglo American unit reduced its total 2022 payout by 62% as state-owned utility Eskom struggles to keep its coal-fired power plants working.

The mining industry has been struggling to hit production targets, hurt by everything from floods and droughts to creaking infrastructure and political instability.

Currently, the company produces 200,000 tonnes of copper and 25,000 tonnes of cobalt annually at the mines across the central African copper belt.

Neal Froneman said he had "moved on" from the idea he floated two years ago of merging Sibanye with its South African peers.

The company said refined PGM production from its operations was 3.831,1 million ounces in 2022, down from 5.138,4 million ounces the previous year.