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Anglo American plc Production Report for the first quarter ended 31 March 2014

24 April, 2014

Anglo American plc Production Report for the first quarter ended 31 March 2014

Overview      
  Q1 2014 Q1 2013 % vs. Q1 2013
Iron ore (Mt) 11.3 10.3 +10%
Export metallurgical coal (Mt) 6.1 4.6 +31%
Export thermal coal (Mt) 7.9 6.9 +14%
Copper (t) 202,000 170,500 +18%
Nickel (t) 9,200 6,200 +48%
Platinum (equivalent refined)(1) (koz) 357 583 (39)%
Diamonds (Mct) 7.5 6.4 +18%
  • Kumba Iron Ore production increased by 10% to 11.3 million tonnes, following solid performances at both Sishen and Kolomela. Q1 2013 was impacted by lower than planned production at Sishen following the unprotected strike in Q4 2012
  • Export metallurgical coal production increased by 31% to 6.1 million tonnes, a record quarter, primarily as a result of continuing productivity improvements
  • Export thermal coal production from South Africa increased by 6% to 4.1 million tonnes. Cerrejón’s production increased by 95% reflecting the strike affected Q1 2013 period
  • Copper production(2) increased by 18% to 202,000 tonnes, with improved performance from Los Bronces and Collahuasi, primarily the result of higher ore grades. Production guidance for FY 2014 has been revised upwards to 710,000 - 730,000 tonnes (previously 700,000 - 720,000 tonnes)
  • Nickel production(3) increased by 48% to 9,200 tonnes driven by improved operational stability at Barro Alto
  • Niobium production was flat at 1,100 tonnes as higher recoveries were offset by lower ore grade
  • Phosphates concentrate production was flat at 347,900 tonnes. Fertiliser production decreased by 2% due to unplanned maintenance stoppage and throughput constraints
  • Platinum equivalent refined production decreased by 39% to 357,000 ounces as a result of the industrial action at Rustenburg, Amandelbult and Union mines in South Africa. As a consequence of the ongoing industrial action FY 2014 production guidance has been revised downwards to approximately 2.1 million ounces (previously 2.3 - 2.4 million ounces)
  • Diamond production increased by 18% to 7.5 million carats, largely due to the impact of planned plant maintenance at Orapa in Q1 2013 and recovery from the 2012 sidewall failure at Jwaneng

This Production Report for the first quarter ended 31 March 2014 is unaudited. Interim Results for the six months to 30 June 2014 will be announced on 25 July 2014. This report forms Anglo American plc’s Interim Management Statement for the purpose of the UK Listing Authority’s Disclosure and Transparency Rules.

(1) 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
(2) Copper production from the Copper business unit
(3) Nickel production from the Nickel business unit

View full PDF of this press release (143 KB, link opens in a new window)

For further information, please contact:

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

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

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