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Anglo American PLC (AAL)

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Friday 20 July, 2012

Anglo American PLC

Q2 2012 Production Report

RNS Number : 1072I
Anglo American PLC
20 July 2012
 



 

 

 

20 July 2012

Anglo American plc

Production Report for the second quarter ended 30 June 2012

 


Overview

 

·      Successful project execution and asset optimisation delivered volume growth in iron ore, metallurgical coal, export thermal coal, copper(1) and nickel(2)

 

Growth projects delivered in 2011 continue to ramp up well, with Los Bronces expansion achieving 92% of nameplate capacity during the quarter

 

·      Iron ore production increased by 12% to 12.9 million tonnes due to the ramp-up of the Kolomela mine and production improvements at Amapá

 

Should current production levels be sustained at Kolomela mine, it ought to produce at least 6 million tonnes in 2012, and reach 9 Mtpa design capacity in 2013

 

·      Metallurgical Coal achieved a quarterly production record, with export metallurgical coal production increasing by 23% to 4.8 million tonnes, benefiting from productivity improvements

 

·     Export thermal coal production from Colombia increased by 22% to 3.1 million tonnes, achieving a quarterly production record. Export thermal coal production from South Africa increased by 7% to 4.2 million tonnes due to the ramp-up of Zibulo

 

·      Copper production(1) increased by 7% to 161,100 tonnes.  Strong ramp-up of the Los Bronces expansion was offset by lower grades, lower recoveries and adverse weather

 

·      Nickel production(2)  increased by 65% to 10,900 tonnes as production from Barro Alto continued to ramp up

 

·      Platinum equivalent refined production was flat at 583,600 ounces. Refined production was 623,000 ounces, 3% less, due to the slower than expected ramp-up of the converter plant following the planned maintenance

 

·      Diamond production decreased by 11% to 7.2 million carats largely in response to market conditions; while focusing on planned maintenance and waste stripping

 

This Production Report for the second quarter ended 30 June 2012 is unaudited.

 

Interim Results for the half year to 30 June 2012 will be announced on 27 July 2012, 07:00 BST.

 

(1)    Copper production from the Copper business unit

(2)    Nickel production from the Nickel business unit

 



 

IRON ORE & MANGANESE

 

Iron Ore and Manganese

Q2

Q2

Q2 2012

Q1

Q2 2012

H1

H1

H1 2012

2012

2011

vs.

2012

vs.

2012

2011

vs.



Q2 2011


Q1 2012



H1 2011

Iron ore

000 t

12,917

11,534

12%

11,679

11%

24,596

21,479

15%

Manganese ore

000 t

826

716

15%

816

1%

1,643

1,257

31%

Manganese alloys

000 t

30

76

(60)%

55

(45)%

85

145

(41)%

 

Iron ore - Kumba production of 11.4 Mt was 11% higher, and 13% above the 10.1 Mt in Q1 2012.  The increase in production from Kolomela was offset by a 22% decrease in production from the Sishen mine jig plant due to mining feedstock and ore quality constraints as well as maintenance on single-line conveyor systems.  However, production run rates at the Sishen dense media separation and jig plants recovered in the second quarter of 2012 as the ramp-up in waste mining continued. Following the successful early commissioning in August 2011, Kolomela mine continues to ramp up well, with 1.7 Mt produced during the quarter. Should the current ramp-up performance be sustained, the mine ought to produce at least 6 Mt in 2012, and reach 9 Mtpa design capacity in 2013.

 

In Brazil, Amapá production of 1.5 Mt was 25% higher, primarily due to higher mass recovery in the beneficiation plant as a result of increased stability of the plant. Output was 7% lower than Q1 2012, mainly owing to constraints in power supply and maintenance at the beneficiation plant.

 

Manganese Ore - Record production and sales owing to consistently strong operating performance and improved plant availability at both GEMCO in Australia and Hotazel in South Africa.

 

Manganese Alloys - The termination of energy-intensive silica-manganese production at the Metalloys plant in South Africa and the temporary suspension of production at TEMCO in Australia during Q1 2012 resulted in substantially lower manganese alloy production. TEMCO is expected to return to full capacity by the end of Q3 2012.

 

METALLURGICAL COAL

 

Metallurgical Coal (1)

Q2

Q2

Q2 2012

Q1

Q2 2012

H1

H1

H1 2012

2012

2011

vs.

2012

vs.

2012

2011

vs.



Q2 2011


Q1 2012



H1 2011

Export metallurgical

000 t

4,846

3,949

23%

3,743

29%

8,589

6,114

40%

000 t

3,286

3,088

6%

2,571

28%

5,857

6,090

(4)%

(1) In 2011, the Group decided to retain Peace River Coal and, from July 2011, it has been managed within the Metallurgical Coal business unit. Information presented includes Peace River Coal and comparatives have been reclassified.

 

Metallurgical Coal - A quarterly production record of 4.8 Mt of export metallurgical coal was achieved following productivity improvements at all open cut operations, including at Peace River Coal in Canada.  Production in Australia recovered from wet weather in Q1 2012, benefiting from the initiatives implemented in 2011 to mitigate rain impacts.  

 



 

THERMAL COAL

 

Thermal Coal

Q2

Q2

Q2 2012

Q1

Q2 2012

H1

H1

H1 2012

2012

2011

vs.

2012

vs.

2012

2011

vs.



Q2 2011


Q1 2012



H1 2011

RSA  export thermal (non-Eskom)

000 t

4,224

3,931

7%

3,694

14%

7,918

7,945

-

Colombia export thermal

000 t

3,105

2,538

22%

2,953

5%

6,058

5,147

18%

RSA domestic - Eskom

000 t

8,326

8,783

(5)%

 

7,763

7%

16,089

17,058

(6)%

RSA domestic - other

000 t

1,577

1,418

11%

1,592

(1)%

3,168

2,562

24%

 

Thermal Coal - Export thermal coal production in South Africa increased by 7% due to the ramp-up of Zibulo, partly offset by the planned closure of high-cost sections at Goedehoop, Greenside and Kleinkopje. Cerrejón delivered a record quarterly performance, with production up 22%, benefiting from a reduction in weather-related stoppages.

 

South African export thermal coal sales for the quarter were below those for the first quarter due to the 10-day Transnet Freight Rail maintenance shutdown during Q2 2012.

 

COPPER

 

Copper

Q2

Q2

Q2 2012

Q1

Q2 2012                

H1

H1

H1 2012 

2012

2011

vs.

2012

vs.

2012

2011

vs.



Q2 2011


Q1 2012   



H1 2011

Copper                             

            t

161,100

150,300

7%

168,400

(4)%

329,500

289,100

14%

 

Copper - Total copper production increased by 7% to 161,100 tonnes.  Production from Los Bronces was 72% higher, with the Los Bronces expansion project contributing 46,500 tonnes. This was partly offset by lower grades and adverse weather.  The new processing plant is ramping up strongly, with mill throughput at 97% of the ramp-up profile achieved during the quarter.  The established operation will continue to be impacted by a declining grade profile.

 

Attributable production from Collahuasi of 30,200 tonnes was 45% lower, due to expected lower ore grades during 2012, and was exacerbated by lower recoveries, adverse weather conditions and a ball mill failure.  Lower grade, lower recoveries and repair of the ball mill will have a negative impact into the second half of the year.

 

Lower production versus Q1 2012 was largely owing to the production issues at Collahuasi and the temporary closure of the Los Bronces operations in June following a safety incident.

 

A net positive provisional pricing adjustment of $20 million was recorded in the first half of 2012 compared to a negative price adjustment of $36 million in 2011, resulting in a realised price of 370 c/lb versus 422 c/lb for the prior period.

 



 

NICKEL

 

Nickel

Q2

Q2

Q2 2012

Q1

Q2 2012

H1

H1

H1 2012

2012

2011

vs.

2012

vs.

2012

2011

vs.



Q2 2011


Q1 2012



H1 2011

Nickel

t

10,900

6,600

65%

12,000

(9)%

22,900

12,700

80%

 

Nickel - Production increased by 65% to 10,900 tonnes following the ramp-up of Barro Alto, which produced 5,400 tonnes during the quarter. Production from Loma de Níquel and Codemin was in line with prior year.

 

Production decreased by 9% versus Q1 2012 principally as a result of a previously announced kiln shutdown at Barro Alto. A shutdown in respect of the second line is planned for the second half of 2012.

 

PLATINUM

 

Platinum

Q2

Q2

Q2 2012

Q1

Q2 2012

H1

H1

H1 2012

 

2012

2011

vs.

2012

vs.

2012

2011

vs.

 



Q2 2011


Q1 2012



H1 2011

 

Refined




 

Platinum

000 oz

623

641

(3)%

403

55%

1,026

1,174

(13)%

 

Palladium

000 oz

356

374

(5)%

235

51%

591

662

(11)%

 

Rhodium

000 oz

75

80

(6)%

54

39%

129

166

(22)%

 

Copper

t

3,300

3,300

-

2,900

14%

6,200

6,800

(9)%

 

Nickel

t

5,400

5,500

(2)%

4,700

15%

10,100

10,300

(2)%

 

Gold

000 oz

24

32

(23)%

24

-

48

60

(20)%

 

Equivalent refined






Platinum

000 oz

584

593

(2)%

593

(2)%

1,177

1,160

1%

 

 

Platinum - Both equivalent refined platinum production and production volumes from own mines were in line with previous year.  Lower production volumes at Tumela, Union North and Mogalakwena mines were partly offset by higher production volumes at the other underground operations, which were less impacted by safety stoppages than in the corresponding period in 2011. Production at Rustenburg mines (Bathopele, Khuseleka, Khomanani, Siphumelele and Thembelani) increased by 16% compared to Q2 2011 due to improved productivity and safety performances.

 

The impact of safety stoppages on underground mines reduced during the quarter following positive joint and pro-active effort from management, the Department of Mineral Resources and the workforce. Although Platinum experienced 22 safety stoppages at own mining operations during Q2 2012, compared with 12 in Q2 2011 and 17 in Q1 2012, the scope and the duration of the safety stoppages improved significantly. The safety stoppages were more localised and were addressed over shorter periods than in 2011. As a result, 9,800 ounces of platinum were lost due to safety stoppages in Q2 2012, compared with 22,000 ounces in Q2 2011.

 

Refined platinum production at 623,000 ounces was 3% less than Q2 2011, primarily due to the delayed restart of the converter plant post its annual maintenance. However, those difficulties have been resolved and the furnace matte converted in June 2012 exceeded the previous monthly record by 5%. We expect the backlog in pipeline stocks to be processed by the end of the Q3 2012 as the converter plant has reached steady-state operating level.

 

Palladium, Rhodium and Nickel - Refined production of palladium, rhodium and nickel decreased by 5%, 6% and 2% respectively owing to a different source mix from operations and different pipeline processing times for each metal.

 

DIAMONDS

 

Diamonds

Q2

Q2

Q2 2012

Q1

Q2 2012

H1

H1

H1 2012

2012

2011

vs.

2012

vs.

2012

2011

vs.



Q2 2011


Q1 2012



H1 2011

Diamonds

000 carats

7,241

8,138

(11)%

6,208

17%

13,449

15,534

(13%)

 

Diamonds - Production decreased by 11% to 7.2 million carats largely in response to market conditions; while focusing on scheduled maintenance and waste stripping.

 

OTHER MINING & INDUSTRIAL

 

Other Mining and

Industrial - Core(1)

Q2

Q2

Q2 2012

Q1

Q2 2012

H1

H1

H1 2012

2012

2011

vs.

2012

vs.

2012

2011

vs.



Q2 2011


Q1 2012



H1 2011

Phosphates

 t

271,500

260,700

4%

246,900

10%

518,400

501,500

3%

Niobium

t

1,200

900

33%

1,100

9%

2,300

1,800

28%

(1)    Assets originally identified for divestment as part of the restructuring programme announced in October 2009 are managed as a separate business unit, Other Mining and Industrial. In 2011, the Group decided to retain Copebrás and Catalão.

 

Phosphates - Phosphates production increased by 4% in response to market demand. In comparison with Q1 2012, production increased by 10% due to improved plant reliability and availability.

 

Niobium - Niobium production increased by 33% due to better performance at the tailings plant and higher grades. Boa Vista plant benefited from improvements in the concentration process.

 

EXPLORATION & EVALUATION

 

Exploration and evaluation operating expenditure for the first half of 2012 was $314 million, 43% higher than for the same period in 2011, reflecting an increased focus on developing the Group's high-quality brownfield expansion options in Copper at Los Bronces and Collahuasi (Chile), as well as measured progression of greenfield growth options at Michiquillay (Peru) and Pebble (Alaska).  Metallurgical Coal expenditure was concentrated primarily at the Moranbah South and Grosvenor 2 brownfield projects in Australia. Exploration costs reflect a continued commitment to investigate and develop greenfield opportunities in Iron Ore, Metallurgical Coal, Copper and Nickel, as well as brownfield drilling across all business units.

 



 

PRODUCTION SUMMARY

 

The figures below include the entire output of consolidated entities and the Group's attributable share of joint ventures, joint arrangements and associates where applicable, except for De Beers which is quoted on a 100% basis.

 

 

 



% Change


% Change


Q2

Q1

Q4

Q3

Q2

Q2 2012

Q2 2012

H1

H1

H1 2012


2012

2012

2011

2011

2011

vs.

vs.

2012

2011

vs.







Q1 2012

Q2 2011



H1 2011

Iron Ore & Manganese segment  (tonnes)











Iron ore

12,917,200

11,678,500

12,427,300

12,182,900

11,534,100

11%

12%

24,595,700

21,478,900

15%

Manganese ore(1)

826,400

816,200

722,500

807,600

716,100

1%

15%

1,642,600

1,256,700

31%

Manganese alloys(1)(2)

30,200

55,000

78,000

77,600

76,100

(45)%

(60)%

85,200

144,900

(41)%

Kumba Iron Ore

      










Lump

7,045,500

6,294,100

6,914,800

6,745,900

6,384,200

12%

10%

13,339,600

11,784,300

13%

Fines

4,403,700  

3,812,400

4,245,400

4,207,600

3,975,200

16%

11%

8,216,100

7,369,600

11%

Total Kumba production

11,449,200      

10,106,500

11,160,200

10,953,500

10,359,400

13%

11%

21,555,700

19,153,900

13%

Amapá

      










Sinter feed

536,700

508,000

404,900

354,500

326,400

6%

64%

1,044,700

641,600

63%

Pellet feed

514,800

560,300

495,300

514,000

465,500

(8)%

11%

1,075,100

939,000

14%

Spiral concentrates

416,500

503,700

366,900

360,900

382,800

(17)%

9%

920,200

744,400

24%

Total Amapá production

1,468,000

1,572,000

1,267,100

1,229,400

1,174,700

(7%)

25%

3,040,000

2,325,000

31%

Attributable sales volumes











RSA export iron ore

10,597,600

10,121,200

9,600,400

9,167,100

9,806,200

5%

8%

20,718,800

18,363,500

13%

RSA domestic iron ore

1,368,000

1,319,500

1,241,800

1,537,700

1,836,200

4%

(25)%

2,687,500

3,661,700

(27)%

South American export iron ore

1,278,800

1,443,500

1,374,000

1,452,000

918,000

(11)%

39%

2,722,300

1,981,000

37%

Samancor sales volumes

      










Manganese ore

883,200

794,400

691,600

782,000

741,600

 11%

19%

1,677,600

1,472,800

14%

Manganese alloys

50,400

71,600

78,400

74,400

79,200

(30)%

(36)%

122,000

162,000

(25)%

Metallurgical Coal segment  (tonnes) (3)











Export metallurgical

4,845,600

3,743,000

4,060,600

4,015,000

3,949,400

29%

23%

8,588,600

6,114,100

40%

Thermal

3,286,300

2,570,600

3,358,700

3,978,000

3,087,500

28%

6%

5,856,900

6,089,800

(4)%

Weighted average achieved FOB prices (US$/t)











Export metallurgical

192

190

234

267

276

1%

(30)%

191

251

(24)%

Export thermal

94

113

103

98

103

(17)%

(9)%

103

103

-

Domestic thermal

35

39

34

35

35

(10)%

-

37

35

6%

Attributable sales volumes











Export metallurgical

4,651,500

3,950,700

4,010,900

3,720,500

3,928,900

18%

18%

8,602,200

6,251,600

38%

Export thermal

1,525,400

1,222,100

1,849,900

1,877,500

1,600,400

25%

(5)%

2,747,500

2,546,900

8%

Domestic thermal

1,698,300

1,484,300

1,853,300

1,843,100

1,867,000

14%

(9)%

3,182,600

3,758,600

(15)%

Production by region:

Australia

      










Export metallurgical

4,490,900

3,510,100

3,805,000

3,749,300

3,642,700

28%

23%

8,001,000

5,699,000

40%

Thermal

3,286,300

2,570,600

3,358,700

3,978,000

3,087,500

28%

6%

5,856,900

6,089,800

(4)%

Total Australia

7,777,200

6,080,700

7,163,700

7,727,300

6,730,200

28%

16%

13,857,900

11,788,800

18%

Canada

      










Export Metallurgical

354,700

232,900

255,600

265,700

306,700

52%

16%

587,600

415,100

42%

Thermal Coal segment (tonnes) (4)











RSA export thermal

4,223,500

3,694,200

4,455,900

4,145,500

3,930,600

14%

7%

7,917,700

7,945,100

-

Colombia export thermal

3,104,700

2,953,000

2,752,700

2,851,800

2,537,700

5%

22%

6,057,700

5,147,200

18%

RSA domestic - Eskom

8,326,200

7,762,700

9,487,000

8,751,400

8,782,600

7%

(5)%

16,088,900

17,057,600

(6)%

RSA domestic - other

1,560,900

1,533,200

1,390,100

1,052,900

1,333,800

2%

17%

3,094,100

2,398,600

29%

RSA domestic - metallurgical

15,700

58,400

84,500

75,600

83,800

(73)%

(81)%

74,100

163,300

(55)%

Weighted average achieved FOB prices (US$/t)











RSA export thermal

93

104

107

115

122

(11)%

(24)%

99

120

(18)%

Colombia export thermal

90

95

98

103

104

(5%)

(13)%

92

101

(9)%

RSA domestic thermal

21

22

19

22

22

(5)%

(5)%

21

22

(5)%

Attributable sales volumes











RSA export thermal

3,720,100

4,518,700

5,146,400

4,605,000

3,212,900

(18)%

16%

8,238,800

6,780,700

22%

Colombia export thermal

2,959,600

2,634,000

2,783,700

2,900,600

2,852,900

12%

4%

5,593,600

5,000,300

12%

RSA domestic thermal

9,909,500

9,447,500

10,842,600

9,901,600

9,867,000

5%

-

19,357,000

19,392,200

-

Production by region:

South Africa

      










Export thermal

4,223,500

3,694,200

4,455,900

4,145,500

3,930,600

14%

7%

7,917,700

7,945,100

-

RSA domestic - Eskom

8,326,200

7,762,700

9,487,000

8,751,400

8,782,600

7%

(5)%

16,088,900

17,057,600

(6)%

RSA domestic - other

1,560,900

1,533,200

1,390,100

1,052,900

1,333,800

2%

17%

3,094,100

2,398,600

29%

RSA domestic - metallurgical

15,700

58,400

84,500

75,600

83,800

(73)%

(81)%

74,100

163,300

(55)%

Total South Africa

14,126,300

13,048,500

15,417,500

14,025,400

14,130,800

8%

-

27,174,800

27,564,600

(1)%

Colombia











Export Thermal

3,104,700

2,953,000

2,752,700

2,851,800

2,537,700

5%

22%

6,057,700

5,147,200

18%



 



% Change


% Change


Q2

Q1

Q4

Q3

Q2

Q2 2012

Q2 2012

H1

H1

H1 2012


2012

2012

2011

2011

2011

vs.

vs.

2012

2011

vs.







Q1 2012

Q2 2011



H1 2011

Coal production by commodity (tonnes)











Metallurgical

4,861,300

3,801,400

4,145,100

4,090,600

4,033,200

28%

21%

8,662,700

6,277,400

38%

Thermal excl. RSA domestic

10,614,500

9,217,800

10,567,300

10,975,300

9,555,800

15%

11%

19,832,300

19,182,100

3%

RSA domestic thermal

9,887,100

9,295,900

10,877,100

9,804,300

10,116,400

6%

(2)%

19,183,000

19,456,200

(1)%

Copper segment (tonnes) (5)











Collahuasi

68,700

76,700

114,500

104,300

125,000

(10)%

(45%)

145,400

234,500

(38)%

Average sulphide ore grade (%)

0.8

0.8

1.0

1.0

1.0



0.8

1.0


Los Bronces mine

89,800

93,200

72,600

47,400

52,100

(4)%

72%

183,000

101,700

80%

Average sulphide ore grade LB (%)

0.9

0.9

0.9

0.9

0.9



0.9

0.9


Average sulphide ore grade LB DP (%)

0.8

0.9

0.7

n/a

n/a



0.9

n/a


El Soldado mine

12,700

13,400

15,400

13,600

9,400

(5)%

35%

26,100

17,900

46%

Average sulphide ore grade (%)

0.8

0.9

0.9

0.9

0.8



0.8

0.7


Mantos Blancos mine

13,300

 12,900

 17,700

 18,300

 18,400

3%

(28)%

26,200

36,100

(27)%

Average sulphide ore grade (%)

0.7

0.6

0.8

0.9

1.0



0.6

1.1


Mantoverde mine

15,100

15,200

13,800

14,700

15,400

(1)%

(2)%

30,300

30,200

-

Average oxide ore

grade (%)

0.7

0.6

0.6

0.6

0.6



0.6

0.7


Total copper production

199,600

211,400

234,000

198,300

220,300

(6)%

(9)%

411,000

420,400

(2)%

Attributable copper production

161,100

168,400

170,000

139,900

150,300

(4)%

7%

329,500

289,100

14%

Attributable sales volumes

160,200

155,200

177,000

154,000

144,500

3%

11%

315,400

277,300

14%

Nickel segment (tonnes) (6)











Codemin

2,500

2,100

2,500

2,400

2,400

19%

4%

4,600

4,600

-

Loma de Niquel

3,000

3,300

3,300

3,000

3,100

(9)%

(3)%

6,300

7,000

(10)%

Barro Alto (7)

5,400

6,600

4,100

1,100

1,100

(18)%

391%

12,000

1,100

991%

Total nickel  production

10,900

12,000

9,900

6,500

6,600

(9)%

65%

22,900

12,700

80%

Attributable  sales volumes

12,600

10,800

6,400

7,000

6,000

17%

110%

23,400

12,100

93%

Platinum segment











Refined production











Platinum (troy oz)

623,000

402,800

710,000

646,500

640,700

55%

(3)%

1,025,800

1,173,600

(13)%

Palladium (troy oz)

355,500

235,000

392,700

376,000

373,800

51%

(5)%

590,500

662,000

(11)%

Rhodium (troy oz)

75,100

53,900

96,800

75,200

79,900

39%

(6)%

129,000

165,600

(22)%

Copper (tonnes)

3,300

2,900

2,900

3,100

3,300

14%

0%

6,200

6,800

(9)%

Nickel (tonnes)

5,400

4,700

5,100

4,900

5,500

15%

(2)%

10,100

10,300

(2)%

Gold (troy oz)

24,100

24,000

28,000

17,100

31,500

0%

(23)%

48,100

60,000

(20)%

Equivalent refined











Platinum (troy oz)

583,600

593,200

583,200

666,800

592,500

(2)%

(2)%

1,176,800

1,160,100

1%

4E Built-up head grade (g/tonne milled)

3.09

3.20

3.27

3.35

3.19

(3)%

(3)%

3.15

3.16

-

Diamonds segment  (De Beers)

(diamonds recovered - carats)











Debswana

5,345,000

4,949,000

4,643,000

6,927,000

5,923,000

8%

(10)%

10,294,000

11,320,000

(9)%

Namdeb

460,000

318,000

427,000

309,000

205,000

45%

124%

778,000

599,000

30%

De Beers Consolidated

964,000

674,000

913,000

1,732,000

1,526,000

43%

(37)%

1,638,000

2,798,000

(41)%

De Beers Canada

472,000

267,000

506,000

337,000

484,000

77%

(2)%

739,000

817,000

(10)%

Total diamonds production

7,241,000

6,208,000

6,489,000

9,305,000

8,138,000

17%

(11)%

13,449,000

15,534,000

(13)%

Attributable production

3,259,000

2,793,000

2,920,000

4,187,000

3,662,000

17%

(11)%

6,052,000

6,990,000

(13)%

Other Mining and Industrial segment (tonnes) (8)











Phosphates











Copebrás

271,500

246,900

274,900

284,500

260,700

10%

4%

518,400

501,500

3%

Niobium











Catalão

1,200

1,100

1,000

1,100

900

9%

33%

2,300

1,800

28%

 

(1)     Saleable production.

(2)     Production includes Medium Carbon Ferro-manganese.

(3)     Includes Peace River Coal, which was reclassified from Other Mining and Industrial to Metallurgical Coal in 2011 to align with internal management reporting. Comparatives have been reclassified to align with current year presentation.

(4)     Includes capitalised Zibulo sales of 355,800 tonnes for the six months ended 30 June 2011 (Q3 2011: 276,400 tonnes, Q2 2011: 18,200 tonnes).

(5)     Excludes Platinum copper production.

(6)     Excludes Platinum nickel production.

(7)     Barro Alto has not yet achieved commercial production.

(8)     Excludes Tarmac and Scaw Metals.

 

Note:

 

Production figures are sometimes more precise than the rounded numbers shown in this report. The percentage change will reflect the percentage change using the unrounded production figures shown in this report.

 

Forward looking statements:

 

This 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, please contact:

 

Media

 

Investors

 

UK

James Wyatt-Tilby

Tel: +44 (0)20 7968 8759

 

UK

Leng Lau

Tel: +44 (0)20 7968 8540

 

Emily Blyth

Tel: +44 (0)20 7968 8481

 

 

Caroline Crampton

Tel: +44 (0)20 7968 2192

South Africa

Pranill Ramchander

Tel: +27 (0)11 638 2592

 

 

South Africa

Nicholas Gordon

Tel: +27 (0)11 638 3262

 

 

Notes to editors:

Anglo American is one of the world's largest mining companies, is headquartered in the UK and listed on the London and Johannesburg stock exchanges. Anglo American's portfolio of mining businesses spans bulk commodities - iron ore and manganese, metallurgical coal and thermal coal; base metals - copper and nickel; and precious metals and minerals - in which it is a global leader in both platinum and diamonds.  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, extensive pipeline of growth projects and exploration activities span southern Africa, South America, Australia, North America, Asia and Europe. www.angloamerican.com

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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