Anglo American 4Q Output Rose 4% Benefiting From Minas-Rio Ramp-Up
23 Gennaio 2020 - 9:04AM
Dow Jones News
By Adriano Marchese
Anglo American PLC (AAL.LN) said Thursday that copper-equivalent
production rose 4% in the fourth quarter, which includes the
benefits from the continued ramp-up of its iron-ore production at
Minas-Rio in Brazil.
The diversified mining company said that, excluding the impact
of Minas-Rio, however, group copper-equivalent production is down
1% in the period.
Minas-Rio produced 6.2 million tons of iron ore in the period,
and Kumba iron ore production rose 16% to 11.8 million tons in the
quarter.
Copper output dropped 13% in the period to 158,800 metric tons,
compared with 183,500 tons in the prior-year period.
Looking ahead to 2020, the company said that full-year copper
production remains unchanged at 620,000 tons and 670,000 tons.
Metallurgical coal production rose 11% to 6.3 million tons, the
company said.
Rough diamond production from De Beers, Anglo American's
majority-owned diamond producing subsidiary, fell by 15% in the
quarter to 7.8 million total carats recovered, driven by lower
production levels in South Africa and Botswana.
For 2020, the company retains its production guidance at 32
million carats and 34 million carats, but cautioned that this is
subject to trading conditions.
Anglo American Platinum Ltd. (AMS.JO), another majority-owned
subsidiary, said total platinum-group metal production--which
includes platinum and palladium--was 1.2 million ounces, a 8.6%
increase compared with the prior-year period.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
January 23, 2020 02:49 ET (07:49 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Grafico Azioni Anglo American (LSE:AAL)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Anglo American (LSE:AAL)
Storico
Da Apr 2023 a Apr 2024
