Burkhard Seifert (ILF2020) & Jane Wang (ILF2019), The Australian
Costs at OZ Minerals are expected to surge by 17 per cent this year while production will take a hit as bad weather, Covid absenteeism, outages and input inflation hit the copper and gold miner.
The Adelaide-based mining company said “attraction and retention pressure” for staff was also an issue, as its stock fell 1.4 per cent on the news on Monday.
OZ said it had had a “softer start to the year” due to staff sickness and the weather, as well as “further material handling system and equipment availability issues at Carrapateena’’.