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Covid-19 restrictions hit Glencore’s operations
By Dineo Faku
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JOHANNESBURG - MANDATORY Covid-19 pandemic restrictions weighed heavily on Glencore’s ferrochrome, nickel and oil operations in 2020, chief executive Ivan Glasenberg said yesterday.
“Required Covid-19 related mandatory suspensions and international mobility restrictions significantly impacted 2020 production of ferrochrome in South Africa, oil in Chad and nickel at Koniambo. Furthermore, various proactive market-related supply reductions were initiated in the second half of 2020, primarily with respect to coal production from Australia,” Glasenberg said.
Glencore, the global metals and mining giant, which owns a 79.5 percent stake in the Glencore-Merafe Chrome joint venture, recorded a 28 percent decline year-on-year in 2020 to 1.02 million tons due to the lockdown in South Africa, and the halting of smelter operations in the second quarter with a phased restart thereafter. ....

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