IN BRIEF: Brazil assets to be bought by ACG get ringing endorsement lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.
ACG Acquisition Co Ltd - special purpose acquisition company - Notes comments from boss of Appian Brazil, which comprises of Atlantic Nickel nickel sulphide mine and Mineracao Vale Verde copper mine.
Appian Brazil Chief Executive Officer Paulo Castell.
LONDON, Feb. 22, 2023 /PRNewswire/ Mineracao Vale Verde Ltda. ("MVV" or the "Company") and Appian Capital Advisory LLP ("Appian") are pleased to announce the successful ramp up during 2022 of the Serrote copper-gold mine and processing plant ("Serrote" or the "Mine") located in Alagoas, Brazil. Serrote is now operating at full production capacity. This follows completion of construction ahead of schedule and under budget in 2021. Serrote 2022 full year performance highlights Industry-leading ESG and safety record, with zero (0) Lost Time Injuries as at 31st December 2022 for the prior 12 months with 1.9 million cumulative hours worked MVV completed the ramp-up of operations in the fourth quarter with: - Mining tracking ahead of plan with 3.0Mt of total material moved in Q4 - Processing plant reached 105% of designed capacity over Q4 at 4.3Mtpa annualized for the period - Copper recoveries achieving 82.8% over Q4 Full year 2022 product
Illegal mining, labor union issues, a failed deal all cause for concern for Sibanye's investors. Read more to see our take on these issues and whether SBSW can turn things around.