IGO has revealed its total recordable injury frequency rate is down 35 per cent year-on-year to 10.4 as it closes out a solid 2023–24 financial year (FY24).
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Part of the Forrestania nickel operations in Western Australia may soon have a new owner as IGO plans to transition the mine to care and maintenance in the next 12 months.
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IGO managing director and chief executive officer (CEO) Ivan Vella has addressed key challenges facing the lithium sector at the 2024 Diggers & Dealers Mining Forum, while offering insight into the company’s future.
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Despite facing operational challenges amid the global nickel and lithium downturn earlier this year, IGO has ended the 2023–24 financial year (FY24) on a high with a strong balance sheet.
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Chinese-owned Tianqi Lithium is high on the list of foreign companies set to access billions under the Australian Government’s new Critical Minerals Production Tax Incentive.
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IGO experienced some turbulence in the March quarter as lithium and nickel prices remained subdued, but a strong balance sheet has seen the company come out the other side.
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Following challenges caused by weakening nickel and lithium prices, IGO has revealed its immediate priorities for the upcoming months to ensure future success.
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Perenti subsidiary Barminco will support IGO as it transitions its Cosmos nickel mine into care and maintenance, following the weakening of nickel prices hitting the sector.
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Ivan Vella, former chief executive aluminium at Rio Tinto, will join the IGO leadership team as managing director and chief executive officer.
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