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21 October 2010

Anglo American plc Interim Management Statement Production Report for the third quarter ended 30 September 2010

Anglo American plc Interim Management Statement Production Report for the third quarter ended 30 September 2010

Overview

  • Platinum refined production increased by 11% to 697,000 ounces and expect to achieve full year target of 2.5 million ounces
    • Year to date cash operating costs of R11,647 per equivalent refined platinum ounce
    • Labour productivity increased by 4%
  • Copper production decreased by 9% to 153,400 tonnes, mainly due to expected lower grades, ore hardness and scheduled maintenance at Los Bronces
  • Nickel(1) production increased by 16% to 5,700 tonnes
  • Iron ore production was flat at 11.8 million tonnes and showed a 3% increase compared to the second quarter of 2010
  • Metallurgical coal production from the Australian operations increased by 26% to 4.0 million tonnes
  • Thermal coal production decreased by 2% to 22.2 million tonnes
  • Diamond production increased by 15% to 9.0 million carats
  • 36,000 tpa Barro Alto nickel project, on schedule to more than double nickel production, was 98% complete at the end of Q3 2010. First production is expected in Q1 2011
  • Further strengthening of balance sheet through US$1.25 billion bond issue
    • US$750 million 2.150% Senior Notes Due 2013
    • US$500 million 4.450% Senior Notes Due 2020

Preliminary Results for the full year to 31 December 2010 will be announced on 17 February 2011.

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 (132 Kb, link opens in a new window)

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

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

Anna Mulholland, Investor Relations
Tel: +27 (0)11 373 6683

Kgapu Mphahlele, Investor Relations
Tel: +27 (0)11 373 6239


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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