Power Loss at Nifty Copper Operation to Dampen Production

Metals X (ASX:MLX,OTC Pink: MLXEF) has advised that production for the March 2019 quarter from its Nifty copper operations will be impacted by a temporary power loss to the underground mine.

As stated in the press release:

The power outage, combined with other legacy issues relating to Nifty Infrastructure and mine services that the company continues to address, have had an impact on production in the current quarter. Production for the March 2019 quarter is now expected to be in the range of 4,000 tonnes to 4,200 tonnes of copper in concentrate.

The power outage was caused by the short-circuiting of underground power cables leading from the gas turbine to the underground workings. Repairs have been completed, the system re-energized and mining activities recommenced.

Damien Marantelli, Metals X Managing Director, commented:

“The lower production at Nifty for the current quarter is disappointing given the progress we have been making as a new management team in reviewing and refining operations at the mine.”

“As outlined in the December 2018 quarterly report, we continue to focus on increasing development rates at Nifty, particularly in priority areas, and driving operational efficiencies and cost reductions. These are the drivers critical to the future success of Nifty and we will continue to pursue them vigorously.”

Click here to read the full press release from Metals X.