Australia based Newcrest mining’s production guidance for copper remains unchanged as announced by the company on April 7. The company plans to produce 140,000-145,000mt of copper by the end of the fiscal year ending June 2020.
Newcrest is taking measures to minimise the effect of COVID-19 on its output. The company is in the process of evaluating the potential impact of the virus on its operations. All the mines owned by Newcrest are functional at present.
The company is engaging with all its key suppliers to avoid supply disruptions of goods and services. Meanwhile, the company is also looking for alternatives should the supply chain be disrupted. According to the company, demand for copper concentrates has not reduced in this period.