Power Restored After Interruption at CSA Copper Mine
04 Marzo 2024 - 12:30PM
Business Wire
Metals Acquisition Limited ARBN 671 963 198 (NYSE: MTAL; ASX:
MAC)
Metals Acquisition Limited ARBN 671 963 198 (NYSE: MTAL;
ASX:MAC), a private limited company incorporated under the laws of
Jersey, Channel Islands (MAC or the Company) wishes
to advise that, on the evening of 29 February 2024, a large storm
passed approximately 100km to the east (near Nyngan) of the CSA
Copper Mine which impacted the main 132kVa power line to the mine.
All grid power was out to the mine for more than 26 hours whilst
the power line owner and operator restored the downed lines and
infrastructure. The loss of power to the mine resulted in three
days of production being impacted, including when accounting for
restart and ramping up to normal levels of operation.
All of our people are safe and while approximately 50mm of
rainfall at the CSA Copper Mine was associated with this storm
event, this has had no impact on operations due to the
long-standing nature of the operation and its well established
systems for dealing with rainfall events.
The Company currently estimates that with the loss of power and
the associated restart of the mine will result in approximately 400
to 500 tonnes of copper production being deferred from the March
quarter into the June quarter.
This announcement is authorised for release by Mick McMullen,
Chief Executive Officer & Director.
About Metals Acquisition Limited
Metals Acquisition Limited (NYSE: MTAL; ASX:MAC) is a company
focused on operating and acquiring metals and mining businesses in
high quality, stable jurisdictions that are critical in the
electrification and decarbonization of the global economy.
Forward Looking Statements
This press release includes “forward-looking statements.” MAC’s
actual results may differ from expectations, estimates, and
projections and, consequently, you should not rely on these
forward-looking statements as predictions of future events. Words
such as “expect,” “estimate,” “project,” “budget,” “forecast,”
“anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,”
“believes,” “predicts,” “potential,” “continue,” and similar
expressions (or the negative versions of such words or expressions)
are intended to identify such forward-looking statements. These
forward-looking statements involve significant risks and
uncertainties that could cause the actual results to differ
materially from those discussed in the forward-looking statements.
Most of these factors are outside MAC’s control and are difficult
to predict. Factors that may cause such differences include, but
are not limited to: the ability to recognize the anticipated
benefits of the business combination, which may be affected by,
among other things; the supply and demand for copper; the future
price of copper; the timing and amount of estimated future
production, costs of production, capital expenditures and
requirements for additional capital; cash flow provided by
operating activities; unanticipated reclamation expenses; claims
and limitations on insurance coverage; the uncertainty in mineral
resource estimates; the uncertainty in geological, metallurgical
and geotechnical studies and opinions; infrastructure risks; and
dependence on key management personnel and executive officers; and
other risks and uncertainties. MAC cautions that the foregoing list
of factors is not exclusive. MAC cautions readers not to place
undue reliance upon any forward-looking statements, which speak
only as of the date made. MAC does not undertake or accept any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements to reflect any change
in its expectations or any change in events, conditions, or
circumstances on which any such statement is based.
More information on potential factors that could affect MAC’s or
CSA Mine’s financial results is included from time to time in MAC’s
public reports filed with the SEC. If any of these risks
materialize or MAC’s assumptions prove incorrect, actual results
could differ materially from the results implied by these
forward-looking statements. There may be additional risks that MAC
does not presently know, or that MAC currently believes are
immaterial, that could also cause actual results to differ from
those contained in the forward-looking statements. In addition,
forward-looking statements reflect MAC’s expectations, plans or
forecasts of future events and views as of the date of this
communication. MAC anticipates that subsequent events and
developments will cause its assessments to change. However, while
MAC may elect to update these forward-looking statements at some
point in the future, MAC specifically disclaims any obligation to
do so, except as required by law. These forward- looking statements
should not be relied upon as representing MAC’s assessment as of
any date subsequent to the date of this communication. Accordingly,
undue reliance should not be placed upon the forward-looking
statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20240304573263/en/
Mick McMullen Chief Executive Officer Metals Acquisition
Limited. investors@metalsacqcorp.com
Dan Vujcic Chief Development Officer Metals Acquisition
Limited.
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