Johannesburg – Palabora Mining Company [JSE:PAM]‚ the South African copper producer‚ said on Monday full year copper concentrate production fell 25% compared to 2011 due to the closure of production for 67 days in the third quarter of the year following a guide rope failure.
“The impact of the guide rope was partially mitigated by processing of tap-off and slag material‚” the company said in a statement on the JSE.
The production shaft was damaged when a guide rope broke on July 4 last year. Normal copper production was restored in the fourth quarter across all copper production streams albeit with stoppages associated with the safety incidence in October‚ Palabora said.
Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.