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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