Join our daily newsletter At The Bell to receive exclusive market insights
South32 Limited (ASX:S32) has reported a temporary shutdown of its Groote Eyelandt manganese operations as Cyclone Megan wreaks havoc on-site.
“Severe weather conditions continue to impact the Eylandt and we are closely monitoring the situation,” the company wrote on Monday.
South32 reports that a wharf on-site crucial for operations has been structurally damaged by the weather system.
The company has also flagged that guidance for the year could be hurt. The mine is an open-cut strip operation.
South32 will release a further update on sales volumes “when access to the port and other infrastructure is restored.”
South32 owns 60% of a company called GEMCO that operates the manganese side of things with the other 40% held by Anglo American.
The operation is slated for a 2030 shutdown.
