Q1 2015 Production Report
23 April, 2015
Anglo American plc Production Report for the first quarter ended 31 March 2015
| Overview | |||
|---|---|---|---|
| Q1 2015 | Q1 2014 | % vs. Q1 2014 | |
| Iron ore – Kumba (Mt) | 12.2 | 11.3 | 7% |
| Iron ore – Minas-Rio (Mt)(1) | 1.2 | - | nm(2) |
| Export metallurgical coal (Mt) | 5.0 | 6.1 | (17)% |
| Export thermal coal (Mt) | 8.7 | 7.9 | 11% |
| Copper (t)(3) (4) | 171,800 | 202,000 | (15)% |
| Nickel (t)(5) | 6,700 | 9,200 | (27)% |
| Platinum (equivalent refined)(koz)(6) | 536 | 357 | 50% |
| Diamonds (Mct)(7) | 7.7 | 7.5 | 2% |
- Solid Q1 2015 production performance, in line with Anglo American’s expectations.
- Iron ore production from Kumba increased by 7% to 12.2 million tonnes due to improved equipment productivity at Sishen and plant performance at Kolomela.
- Minas-Rio produced 1.2 million tonnes (wet basis) of iron ore during Q1 2015, a 71% increase compared to Q4 2014 and broadly in line with ramp-up plans. The port is operating well, with 13 vessels loaded since first ore on ship (FOOS) in October 2014.
- Export metallurgical coal production decreased by 17% following Canadian operation Peace River Coal being put on care and maintenance in Q4 2014 and Australian production being impacted by tropical cyclone Marcia.
- Export thermal coal production increased by 11% to 8.7 million tonnes due to increased productivity and a change in product mix in Australia.
- Copper production decreased by 15% to 171,800 tonnes, as expected, primarily as a result of the decision to take the smaller of Los Bronces’ two processing plants offline for 51 days in the quarter to manage water reserve levels.
- Nickel production decreased by 27% to 6,700 tonnes, as expected, due to the scheduled rebuild of the Barro Alto furnaces, which is under way and on track for completion in Q4 2015.
- Equivalent refined platinum production increased by 50% to 536,000 ounces compared to strike impacted Q12014, with Mogalakwena delivering a 13% production increase.
- Diamond production increased by 2% to 7.7 million carats, driven primarily by higher grades at Venetia. Full year production guidance for diamonds has been reduced from 32 to 34 million carats to 30 to 32 million carats, in light of current trading conditions.
- All other Business Units are performing in line with the delivery of full year production guidance.
This Production Report for the first quarter ended 31 March 2015 is unaudited.
(1) Wet basis
(2) Not meaningful (nm)
(3) Copper production from the Copper business unit
(4) Copper production shown on a contained metal basis
(5) Nickel production from the Nickel business unit
(6) 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’s standard smelting and refining recoveries
(7) De Beers production on 100% basis
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