skip to content

Trading statements

Anglo American output up

20 July 2017 07:19

Anglo American saw an 8% increase in copper equivalent production in the second quarter of 2017, compared to the corresponding period of 2016.

For the half year as a whole, copper equivalent production increased by 9%.

Chief executive Mark Cutifani said: "We have delivered another strong production quarter across most of our businesses.

"Through the improvements we have made to our portfolio and the efficiencies we are driving, we continue to unlock the potential of our world class assets.

"The production ramps at Gahcho Kué, Minas-Rio and Grosvenor are also contributing to these ongoing positive performance trends.

"We have increased the full year production guidance for Kumba Iron Ore and are on track to deliver full year guidance across the rest of our products."

Highlights

- At De Beers, the ramp-up of Gahcho Kue and stable trading conditions supported a 36% increase in rough diamond production. - Copper production, while broadly unchanged, was impacted by the temporary mine stoppage at El Soldado, partially offset by higher production at Los Bronces. - Platinum's Mogalakwena mine production increased by 15% due to higher grades and increased throughput. - Iron ore volumes from Sishen increased by 38% due to operational improvements. - Metallurgical coal production from Australia was impacted by Cyclone Debbie, two longwall moves in Q2 and the ongoing geological issues at Grosvenor; improvements are expected in H2.

Story provided by StockMarketWire.com

Related Company: AAL

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

-

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.