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
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