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Q2 2017 Production Report

20 July, 2017

Anglo American plc Production Report for the second quarter ended 30 June 2017

Anglo American reports an 8% increase in copper equivalent production in the second quarter of 2017, compared to the same period of 2016. For the half year as a whole, copper equivalent production increased by 9%.

Mark Cutifani, Anglo American Chief Executive, 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 Kué 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.
Production Summary
  Q2 2017 Q2 2016 % vs. Q2 2016 H1 2017 H1 2016 % vs. H1 2016
Diamonds (Mct)(1) 8.7 6.4 36% 16.1 13.3 21%
Copper (t)(2) (3) 140,800 144,200 (2)% 283,400 290,700 (3)%
Platinum (produced ounces) (koz)(4) 617 586 5% 1,189 1,153 3%
Iron ore – Kumba (Mt) 11.4 8.9 28% 21.9 17.8 23%
Iron ore – Minas-Rio (Mt)(5) 4.3 3.5 24% 8.7 6.8 27%
Export metallurgical coal (Mt) 4.0 4.9 (19)% 9.2 9.0 2%
Export thermal coal (Mt)(6) 6.5 6.8 (4)% 13.4 13.2 1%
Nickel (t)(7) 11,300 11,100 2% 21,200 22,300 (5)%

This Production Report for the second quarter ended 30 June 2017 is unaudited.

(1) De Beers production on 100% basis except the Gahcho Kué joint venture which is on an attributable 51% basis;
(2) Copper production from the Copper business unit;
(3) Copper production shown on a contained metal basis;
(4) Reflects own mine production and purchases of metal in concentrate;
(5) Wet basis;
(6) Export thermal coal includes export primary production from South Africa and Colombia, and excludes secondary South African production that may be sold into either the export or domestic markets;
(7) Nickel production from the Nickel business unit;
(8) Copper equivalent production is normalised for, Kimberley, Niobium & Phosphates, Foxleigh and Callide, and to reflect Snap Lake being placed on care and maintenance, and the closure of Drayton.

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For further information, please contact:

Media Investors
UK UK
James Wyatt-Tilby Paul Galloway
Email: [email protected] Email: [email protected]
Tel: +44 (0)20 7968 8759 Tel: +44 (0)20 7968 8718
Marcelo Esquivel Trevor Dyer
Email: [email protected] Email: [email protected]
Tel: +44 (0)20 7968 8891 Tel: +44 (0)20 7968 8992
South Africa Sheena Jethwa
Pranill Ramchander Email: [email protected]
Email: [email protected] Tel: +44 (0)20 7968 8680
Tel: +27 (0)11 638 2592
Ann Farndell
Email: [email protected]
Tel: +27 (0)11 638 2786

Notes to editors:

Anglo American is a globally diversified mining business. Our portfolio of world-class competitive mining operations and undeveloped resources provides the raw materials to meet the growing consumer-driven demands of the world’s developed and maturing economies. Our people are at the heart of our business. It is our people who use the latest technologies to find new resources, plan and build our mines and who mine, process and move and market our products to our customers around the world.

As a responsible miner - of diamonds (through De Beers), copper, platinum and other precious metals, iron ore, coal and nickel - we are the custodians of what are precious natural resources. We work together with our key partners and stakeholders to unlock the long-term value that those resources represent for our shareholders and for the communities and countries in which we operate – creating sustainable value and making a real difference.

www.angloamerican.com

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