MMG Set to Resume Operations at Dugald River Zinc Mine After Grassfire Containment

Mining firm MMG Ltd has announced that operations at its Dugald River zinc mine in Queensland, Australia, are expected to resume following the containment of a nearby grassfire. The fire, which approached the perimeter of the site, has been successfully managed, allowing the company to proceed with normal operations later in the day.

MMG, which is backed by state-owned China Minmetals Corporation, confirmed that the temporary suspension of activities is not expected to have a material impact on its annual production outlook. In fiscal 2023, the Dugald River mine produced over 150,000 metric tons of zinc, contributing significantly to MMG’s output.

“With the grassfire that was burning on the perimeter of the site now contained, we expect to resume operations at Dugald River today,” the company stated. The duration of the suspension has not been disclosed, but Bloomberg News first reported on the operational halt.

MMG’s shares traded 0.4% higher at HK$2.68 on the Hong Kong Stock Exchange by 0401 GMT, reflecting investor confidence in the company’s ability to manage the situation effectively.