A court ruling in July found that former CEO Benjamin Mossman was “actively or passively involved” in the Yellow Giant mine exceeding permitted amounts of zinc on multiple occasions.

Revenue for the major global copper producer during the July-to-September period rose 17%.

Once submitted, the revised application will tack on around 12 months to the overall regulatory process.

The direct cost reached 198.8 cents per pound, a year-on-year increase of 39.6 cents, the report found.

The Quebrada Blanca 2 project would now cost between $8.6 billion and $8.8 billion, compared with an earlier estimate of $8 billion to $8.2 billion.

Anglo expects to produce between 830,000 and 870,000 metric tons of copper this year, lowering a previous forecast of 840,000 to 930,000.

The company expects to see annual production at the lower end of its 2023 guidance for QB2.

Indonesia is set to stop exports of copper concentrate from May after the government delayed the implementation of a ban from June this year.