Anglo American reports 1Q20 production

Highlights

• Demerger of South Africa thermal coal operations, subject to shareholder approval on 5 May.
• Renewable electricity supply agreement signed for mains power at the Quellaveco copper project in Peru. All South American operations will have 100% renewable electricity supply from 2022.
• Copper production increased by 9% due to strong performances at both Los Bronces and Collahuasi.
• Platinum Group Metals (PGMs) production increased by 7%, with Mogalakwena production increasing by 17% due to higher throughput and grade.
• Iron ore production at Kumba increased by 10% driven by higher plant availability.
• Rough diamond sales continued to improve amid midstream restocking following an encouraging holiday selling season for diamond jewellery in major global markets.

Mark Cutifani, CEO of Anglo American, comments:

“Anglo American’s portfolio is increasingly tilted towards future-enabling metals and minerals, with our recently proposed demerger of our thermal coal operations in South Africa moving us further in that direction. We are also making good progress in ensuring every operation plays its part towards a lower carbon world, with 100% renewable electricity supply now secured for all of our operations across Brazil, Chile and Peru.

“Q1 production was at 95% of normal capacity, meeting strong customer demand despite some limited constraints at certain operations due to COVID-19. Production increased by 3% driven by strong performances at the copper operations in Chile, and PGMs and iron ore in South Africa, more than offsetting plant maintenance downtime at Minas-Rio iron ore in Brazil and the temporary suspension at the Moranbah metallurgical coal operation in Australia.”

Read the article online at: https://www.globalminingreview.com/mining/22042021/anglo-american-reports-1q20-production/