Anglo American plc Interim Management Statement Production Report for the third quarter ended 30 September 2010
21 October, 2010
Anglo American plc Interim Management Statement Production Report for the third quarter ended 30 September 2010
Overview
- Platinum refined production increased by 11% to 697,000 ounces and expect to achieve full year target of 2.5 million ounces
- Year to date cash operating costs of R11,647 per equivalent refined platinum ounce
- Labour productivity increased by 4%
- Copper production decreased by 9% to 153,400 tonnes, mainly due to expected lower grades, ore hardness and scheduled maintenance at Los Bronces
- Nickel(1) production increased by 16% to 5,700 tonnes
- Iron ore production was flat at 11.8 million tonnes and showed a 3% increase compared to the second quarter of 2010
- Metallurgical coal production from the Australian operations increased by 26% to 4.0 million tonnes
- Thermal coal production decreased by 2% to 22.2 million tonnes
- Diamond production increased by 15% to 9.0 million carats
- 36,000 tpa Barro Alto nickel project, on schedule to more than double nickel production, was 98% complete at the end of Q3 2010. First production is expected in Q1 2011
- Further strengthening of balance sheet through US$1.25 billion bond issue
- US$750 million 2.150% Senior Notes Due 2013
- US$500 million 4.450% Senior Notes Due 2020
Preliminary Results for the full year to 31 December 2010 will be announced on 17 February 2011.
This report forms Anglo American plc’s Interim Management Statement for the purpose of the UK Listing Authority’s Disclosure and Transparency Rules
(1) Nickel production from the Nickel Business Unit
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Forward looking statements:
This Interim Management Statement contains certain forward looking statements which involve risk and uncertainty because they relate to events and depend on circumstances that occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward looking statements.