Anglo American Raises Minas-Rio Guidance; Cuts Kumba, Coal Outlook
12 Novembre 2019 - 9:19AM
Dow Jones News
By Adria Calatayud
Anglo American PLC (AAL.LN) on Tuesday raised production
guidance for its Minas Rio iron-ore operation in Brazil, but cut
forecasts for its Kumba iron-ore project in South Africa and
metallurgical coal output for the next two years.
The FTSE 100-listed mining company said it now expects iron-ore
production from Minas-Rio at 23 million tons this year, up from
between 20 million and 22 million previously.
Minas-Rio output is now expected at 22 million to 24 million
tons in 2020 and between 24 million and 26 million tons in 2021,
also higher than previously expected, Anglo American said.
Production from Kumba for both 2020 and 2021 is now forecast at
between 43 million and 44 million tons, which compares with
previous guidance of between 43 million and 45 million tons, the
company said.
Anglo American also cut its production forecasts for
metallurgical coal production to between 22 million and 24 million
tons for 2020 and to between 23 million and 25 million tons for
2021. It previously expected 2020 production at between 23 million
and 25 million tons and 2021 output at between 25 million and 27
million tons.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
November 12, 2019 03:04 ET (08:04 GMT)
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