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Anglo American plc Production Report for the second quarter ended 30 June 2014

17 July, 2014

Anglo American plc Production Report for the second quarter ended 30 June 2014

Overview

  Q2 2014 Q2 2013 % vs. Q2 2013 H1 2014 H1 2013 % vs. H1 2013
Iron ore (Mt) 11.5 11.3 2% 22.8 21.6 5%
Export metallurgical coal (Mt) 4.8 4.4 10% 10.9 9.0 21%
Export thermal coal (Mt) 8.1 8.5 (5)% 16.0 15.5 4%
Copper (t)(1) 194,400 183,000 6% 396,400 353,300 12%
Nickel (t)(2) 10,600 8,500 25% 19,800 14,700 35%
Platinum (equivalent refined) (koz)(3) 358 594 (40)% 715 1,177 (39)%
Diamonds (Mct)(4) 8.5 7.9 7% 16.0 14.3 12%
  • Kumba Iron Ore production increased by 2% to 11.5 million tonnes following a solid performance at both Sishen and Kolomela. Waste removal at Sishen remained a key operational focus during the quarter
  • Export metallurgical coal production increased by 10% to 4.8 million tonnes due to productivity improvements at open cut operations and Grasstree, partially offset by a longwall move at Moranbah and subsequent geotechnical issues with the cutting panel
  • Export thermal coal production decreased by 5% to 8.1 million tonnes primarily due to lower production from Drayton in Australia. Production from the South African assets increased due to improved operational performance
  • Copper production increased by 6% to 194,400 tonnes, with improved production from Los Bronces and Collahuasi due to higher throughput, partially offset by expected lower production at El Soldado
  • Nickel production increased by 25% to 10,600 tonnes driven by continued improved operational stability at Barro Alto, prior to the planned rebuild of the furnaces commencing in the second half of the year
  • Niobium production was flat at 1,100 tonnes
  • Phosphates concentrate production was flat at 349,500 tonnes. Fertiliser production decreased by 8% due to maintenance stoppages and throughput constraints
  • Platinum equivalent refined production decreased by 40% to 358,000 ounces as a result of the industrial action at Rustenburg, Amandelbult and Union mines in South Africa. A three-year wage agreement reached on 24 June 2014 ended the five months of industrial action
  • Diamond production increased by 7% to 8.5 million carats, largely due to higher output at Venetia following the recovery from the pit flooding in 2013

This Production Report for the second quarter ended 30 June 2014 is unaudited.

Interim Financial Results for the six months to 30 June 2014 will be announced on 25 July 2014

(1) Copper production from the Copper business unit
(2) Nickel production from the Nickel business unit
(3) Equivalent refined is the mines' production and purchases of metal in concentrate, secondary metals and other metals converted to equivalent refined production using Anglo American Platinum Limited's standard smelting and refining recoveries
(4) De Beers production on 100% basis

View full PDF of this press release (116 KB, link opens in a new window)

For further information, please contact:

Media Investors
UK UK
James Wyatt-Tilby Paul Galloway
Tel: +44 (0)20 7968 8759 Tel: +44 (0)20 7968 8718
   
Emily Blyth Caroline Crampton
Tel: +44 (0)20 7968 8481 Tel: +44 (0)20 7968 2192
   
South Africa Sarah McNally
Pranill Ramchander Tel: +44 (0)20 7968 8747
Tel: +27 (0)11 638 2592  

Notes to editors:

Anglo American is one of the world's largest mining companies, is headquartered in the UK and listed on the London and Johannesburg stock exchanges. Our portfolio of mining businesses meets our customers' changing needs and spans bulk commodities – iron ore and manganese, metallurgical coal and thermal coal; base metals and minerals – copper, nickel, niobium and phosphates; and precious metals and minerals – in which we are a global leader in both platinum and diamonds. At Anglo American, we are committed to working together with our stakeholders – our investors, our partners and our employees – to create sustainable value that makes a real difference, while upholding the highest standards of safety and responsibility across all our businesses and geographies. The company's mining operations, pipeline of growth projects and exploration activities span southern Africa, South America, Australia, North America, Asia and Europe.
www.angloamerican.com