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22 April 2010

Anglo American plc Interim Management Statement Production Report for the first quarter ended 31 March 2010

Anglo American plc Interim management statement production Report for the first quarter ended 31 March 2010.

Overview

  • Iron ore production increased by 23% to 12.3 million tonnes as Sishen’s jig plant continues to ramp up to full production
  • Platinum refined production increased by 11% to 447,000 ounces, on track to meet full year target of 2.5 million ounces, with upside flexibility to meet market demand
    • Unit costs on track to remain flat vs. 2009
    • Further labour productivity increase; improved by 17% since Q1 2009
  • Copper production increased by 7% to 161,000 tonnes, due to higher grades and recoveries at Los Bronces and higher grades and throughput at Collahuasi
  • Nickel(1) production increased by 7% to 4,800 tonnes
  • Metallurgical coal production increased by 32% to 3.6 million tonnes
  • Thermal coal production decreased by 2% to 19.2 million tonnes
  • Diamond production increased to 7 million carats to meet strengthening market demand
  • Major divestment programme progressing well
    • Zinc sale process well advanced and highly competitive
    • Tarmac Polish Concrete Products sale completed and Tarmac European Aggregates sale agreed, for an aggregate consideration of approximately $400 million
  • Anglo Platinum and De Beers rights issues successfully completed, supported by Anglo American. Strong demand for $1.7 billion Anglo Platinum rights issue, with minority shareholders over-subscribing by almost 3 times.

Results for the half year to 30 June 2010 will be announced on 30 July 2010.

This report forms Anglo American plc’s Interim Management Statement for the purpose of the UK Listing Authority’s Disclosure and Transparency Rules.

(1) Nickel production from the Nickel Business Unit.

View full PDF of this press release (63 Kb, link opens in a new window)

Forward looking statements:

This Interim Management Statement contains certain forward looking statements which involve risk and uncertainty because they relate to events and depend on circumstances that occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward looking statements.

For further information:

United Kingdom

James Wyatt-Tilby, Media Relations
Tel: +44 (0)20 7968 8759

Caroline Metcalfe, Investor Relations
Tel: +44 (0)20 7968 2192

Leisha Wemyss, Investor Relations
Tel: +44 (0)20 7968 8607

South Africa

Anna Mulholland, Investor Relations
Tel: +27 (0)11 638 2079

Pranill Ramchander, Media Relations
Tel: +27 (0)11 638 2592


Notes to Editors:

Anglo American plc is one of the world’s largest mining companies, is headquartered in the UK and listed on the London and Johannesburg stock exchanges. Its portfolio of mining businesses spans precious metals and minerals – in which it is a global leader in both platinum and diamonds; base metals – copper and nickel; and bulk commodities – iron ore, metallurgical coal and thermal coal. Anglo American is committed to the highest standards of safety and responsibility across all its businesses and geographies and to making a sustainable difference in the development of the communities around its operations. The company’s mining operations and extensive pipeline of growth projects are located in southern Africa, South America, Australia, North America and Asia.
www.angloamerican.co.uk

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