Nittetsu Mining Co., Ltd.
[Progress of Disclosure] Notice on Progress of Efforts Toward Start of Production (Alkeros Mine Development Project)
Report on progress since the previous release regarding delays to the start of production at the Alkeros Mine. At present, although damage to public roads remains with some temporary bypass sections, access to the mine has been secured and construction continues. Discussions with relevant authorities are ongoing concerning power supply and commissioning. The company is aiming for start of production within fiscal 2026, and will promptly disclose the specific timing once a clear outlook is obtained. The impact on financial results is under review.
Key Figures
- Key Figure 1: Target timing for start of production — within fiscal 2026 (fiscal year ending March 2027)
- Key Figure 2: Current status of roads, power supply, and commissioning progress (unknown)
- Key Figure 3: Conclusion on impact to financial results (TBD)
AI要約
Progress of Disclosure and Current Status
This notice is a progress report on delays related to the start of production at the Alkeros Mine development project, summarizing the road conditions and mine access status after heavy rainfall, and the status of tests and procedures for securing power necessary for plant operation. At this time, access to the mine has been secured and construction is continuing. Procedures related to power supply are being discussed with relevant authorities.
Outlook and Impact on Financial Results
The timing of the start of production is being examined based on the progress of plant construction, power supply, and commissioning, and the company is targeting within fiscal 2026 (fiscal year ending March 2027). The specific start date will be announced promptly once the outlook becomes clear. The impact on financial results is currently under review, and if it is determined that there will be a material impact, the company will disclose it promptly.
Nittetsu Mining Co., Ltd.
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