Anglo American Production Report Q3 2013

RNS Number : 8079Q

Anglo American PLC

18 October 2013

 



18 October 2013

Anglo American plc Interim Management Statement for the third quarter ended 30 September 2013

Overview

·      Kumba Iron Ore production decreased by 24% to 9.5 Mt following weaker production at Sishen which was partially offset by a strong performance at Kolomela

·      Export metallurgical coal production increased by 9% to a record 4.9 Mt due to continued longwall performance improvements which more than offset the planned closure at Aquila

·      Export thermal coal production from South Africa decreased by 1% to 4.5 Mt. Cerrejón production increased to 3.2 Mt, a 13% increase, as the operation maintained a strong recovery post the strike in Q1 2013

·      Copper production⁽¹⁾ increased by 32% to 207,300 tonnes, with 22% higher production at Los Bronces and a 130% increase at Collahuasi

·      Nickel production increased by 7% to 9,600 tonnes, with higher production at Barro Alto more than offsetting the permanent cessation of production at Loma de Níquel. Production at Barro Alto increased by 51% to 7,100 tonnes

·      Niobium production increased by 7% to 1,100 tonnes, reflecting operational improvements at the plants and improved grades

·      Phosphates production increased by 5% to 326,300 tonnes due to performance improvements and increased plant availability

·      Platinum equivalent refined production was flat at 623,000 ounces. In line with the restructuring plans, Khomanani, Khuseleka 2 and Union North Decline were placed on long term care and maintenance

·      Diamond production increased by 21% to 7.7 million carats, primarily owing to the Jwaneng mine recovering fully from the slope failure in June 2012

This Interim Management Statement for the third quarter ended 30 September 2013 is unaudited.

(1)              Copper production from the Copper business unit

(2)              Nickel production from the Nickel business unit

IRON ORE AND MANGANESE

Iron Ore and Manganese		Q3 2013	Q3 2012	Q3 2013 vs. Q3 2012	Q2 2013	Q3 2013 vs. Q2 2013	YTD 2013	YTD 2012	YTD 2013 vs. YTD 2012
Iron ore	000 t	9,474	12,497	(24)%	11,278	(16)%	31,087	34,053	(9)%
Manganese ore	000 t	788	858	(8)%	864	(9)%	2,455	2,501	(2)%
Manganese alloy	000 t	55	52	5%	73	(25)%	185	137	35%

Iron Ore - Production from Kumba Iron Ore decreased by 24% to 9.5 Mt, as weaker production at Sishen was partly offset by a strong performance at Kolomela. Production at Sishen mine was impacted by ongoing pit constraints and section 54 regulatory safety stoppages in August 2013.   The Sishen mine pit is currently operating at a quarterly run rate of approximately 8 Mt. A plan to address the current pit constraints and a longer term operational strategy is expected to be presented by the end of the year. Production at Kolomela increased by 12% to 2.8 Mt and is expected to produce approximately 10 Mt in 2013, in excess of its original design capacity of 9 Mtpa.

Export sales volumes decreased by 5% to 9.4 Mt, mainly owing to lower production at Sishen mine and the annual maintenance shutdown of the rail and port by Transnet; this was partially offset by Kolomela mine's production gains. Finished product stockpile levels amounted to 2.2 Mt, a decrease of 60%. Export sales volumes for 2013 are anticipated to be lower than the previously guided 40 Mt and are dependent on production levels.

Manganese Ore- Production decreased by 8% to 788,000 tonnes, due to the planned shutdown at Hotazel in South Africa and lower recoveries at GEMCO in Australia.

Manganese Alloy - Production increased by 5% to 54,800 tonnes due to the temporary cessation of production at TEMCO in 2012.

METALLURGICAL COAL

Metallurgical Coal		Q3 2013	Q3 2012	Q3 2013 vs. Q3 2012	Q2 2013	Q3 2013 vs. Q2 2013	YTD 2013	YTD 2012	YTD 2013 vs. YTD 2012
Metallurgical - Export	000 t	4,912	4,496	9%	4,396	12%	13,922	13,084	6%
Thermal - Export	000 t	1,672	1,674	-	1,513	11%	4,679	4,357	7%
Thermal - Domestic	000 t	1,753	1,725	2%	1,725	2%	4,551	4,899	(7)%

Metallurgical Coal - Export metallurgical coal production increased by 9% to 4.9 Mt, a record quarterly performance, owing to continued longwall performance improvements at underground operations. As planned, Aquila mine, a bord and pillar operation producing 0.5 Mtpa, was placed on care and maintenance at the end of July 2013. Q4 production will be impacted by planned longwall moves at Moranbah and Grasstree. 

Export thermal coal production of 1.7 Mt was in line and increased by 11% compared to Q2 2013 owing to improved equipment performance.

THERMAL COAL

Thermal Coal		Q3 2013	Q3 2012	Q3 2013 vs. Q3 2012	Q2 2013	Q3 2013 vs. Q2 2013	YTD 2013	YTD 2012	YTD 2013 vs. YTD 2012
South Africa
Thermal - Export	000 t	4,505	4,555	(1)%	4,015	12%	12,429	12,473	-
Thermal - Domestic (Eskom)	000 t	9,053	9,057	-	8,767	3%	25,950	25,146	3%
Thermal - Domestic (Non-Eskom)	000 t	1,665	1,531	9%	1,574	6%	4,758	4,625	1%
Colombia
Thermal - Export	000 t	3,184	2,829	13%	3,014	6%	7,711	8,887	(13)%

Thermal Coal - Export thermal coal production in South Africa decreased by 1% to 4.5 Mt. Production increases at Greenside and Kleinkopje were offset by challenging mining conditions at the rest of the mines.  In line with improved railing performance, export sales volumes exceeded production by 8%.

Domestic thermal coal production for Eskom was in line, while non-Eskom domestic thermal coal production increased by 9% to 1.7 Mt due to additional production at Isibonelo.  

Cerrejón production increased by 13% to 3.2 Mt as production was ramped up to recover volumes lost from the strike in Q1 2013.

COPPER

Copper		Q3 2013	Q3 2012	Q3 2013 vs. Q3 2012	Q2 2013	Q3 2013 vs. Q2 2013	YTD 2013	YTD 2012	YTD 2013 vs. YTD 2012
Copper	t	207,300	157,300	32%	182,900	13%	560,600	486,800	15%

Copper - Record quarterly copper production of 207,300 tonnes, an increase of 32%, was driven by improved operating performance and grades at Los Bronces and Collahuasi.

Production at Los Bronces increased by 22% to 106,400 tonnes owing to a continued strong performance at the Confluencia plant. Reduced mine congestion and de-bottlenecking at the primary crushers have improved continuity of ore supply and throughput at both processing plants.  Improvements implemented in the Confluencia milling and flotation processes have also resulted in higher recoveries. 

Production from Collahuasi increased by 130% to 63,600 tonnes. This significant increase reflects the ball mill breakdown and SAG 3 mill under performance in 2012.  Following the SAG 3 stator motor replacement and repowering in Q2 2013, mill throughput has increased with performance for the quarter in line with expected capacity. Production was also higher as a result of the planned return to higher grades and recoveries. 

Production at El Soldado decreased by 25% to 9,400 tonnes, reflecting lower grades. In addition, as a result of encountering a major fault intersection, development of the next major phase of ore supply at the mine has slowed and production is expected to be lower for the next two years.

NICKEL

Nickel		Q3 2013	Q3 2012	Q3 2013 vs. Q3 2012	Q2 2013	Q3 2013 vs. Q2 2013	YTD 2013	YTD 2012	YTD 2013 vs. YTD 2012
Nickel	t	9,500	9,000	6%	8,500	14%	24,200	31,900	(24)%

Nickel - Production increased by 7% to 9,600 tonnes, with higher production at Barro Alto more than offsetting the permanent cessation of production at Loma de Níquel in Venezuela in November 2012. Loma de Níquel produced 1,800 tonnes in Q3 2012.

Production at Barro Alto increased by 51% to 7,100 tonnes due to a series of improvements that are yielding better operational stability. However, to eliminate certain faults on a permanent basis,   a furnace re-design and rebuild is required. The furnace rebuilds are in the planning phase and are expected to take place in 2014 and 2015. Full production rates expected to be achieved in 2016.

NIOBIUM & PHOSPHATES

Niobium & Phosphates		Q3 2013	Q3 2012	Q3 2013 vs. Q3 2012	Q2 2013	Q3 2013 vs. Q2 2013	YTD 2013	YTD 2012	YTD 2013 vs. YTD 2012
Niobium	t	1,100	1,100	7%	1,100	-	3,300	3,400	(2)%
Phosphates	t	326,300	311,100	5%	300,500	9%	900,200	831,300	8 %

Niobium - Production increased by 5% due to operational improvements at Boa Vista and the tailings plant, resulting in increased throughput and recovery, respectively. The richer niobium pentoxide grade materials from the tailings plant also improved performance.

Phosphates - Fertiliser production increased by 7% due to enhanced performance following improved maintenance scheduling, increased plant availability and better performance at the acidulation and granulation plants.

PLATINUM

Platinum		Q3 2013	Q3 2012	Q3 2013 vs. Q3 2012	Q2 2013	Q3 2013 vs. Q2 2013	YTD 2013	YTD 2012	YTD 2013 vs. YTD 2012
Refined
Platinum	000 oz	666	649	3%	582	14%	1,687	1,675	1%
Palladium	000 oz	369	392	(6)%	320	16%	953	983	(3)%
Rhodium	000 oz	85	91	(6)%	70	22%	211	220	(4)%
Copper(1) - Refined	t	2,600	2,700	(4)%	1,900	37%	6,500	8,900	(27)%
Copper(1) - Matte	t	300	-	-	4,100	(93)%	4,400	-
Nickel(1) - Refined	t	4,900	3,700	32%	3,400	44%	11,600	13,800	(16)%
Nickel(1) - Matte	t	300	-	-	5,400	(94)%	5,700	-
Gold	000 oz	34	39	(12)%	16	107%	74	87	(15)%
Equivalent
Platinum	000 oz	623	626	(1)%	594	5%	1,800	1,803	0%

(1)       Nickel and copper refined through third parties is shown as production of nickel matte and copper matte. Nickel and copper matte, per the table, reflects matte sold to a third party in Q3 2013 from 2012 and 2013 production stockpile. Nickel matte production in 2012: 3.2 Kt; YTD 2013: 2.5 Kt. Copper matte production 2012: 2.4 Kt; YTD 2013: 2.0 Kt                            

Platinum - Equivalent refined platinum production was flat at 623,000 ounces. Production from own operations and the Western Limb Tailings Retreatment was 406,000 ounces, 5% decrease due to the planned mine closures and challenges in redeploying staff to mines with labour shortages. Production from joint ventures and associates, inclusive of both mine and purchased production, increased by 9% to 199,000 ounces.

In line with the restructuring plans, Khomanani mine, Khuseleka 2 shaft and Union North Decline were placed on long term care and maintenance in September. As a result, Platinum production at the Rustenburg mines, was 132,000 ounces, an 11% decrease and 13% decrease compared with Q2 2013. Production at Bathopele mine was impacted by the loss of two lives in an incident in July 2013. Production at the Tumela and Dishaba mines decreased by 10% due to safety stoppages and shortages of production crews and supervisors. Mogalakwena production increased by 20% as a result of higher milled volume and improved concentrator recovery.

Refined platinum production at 666,000 ounces increased by 3% and by 14% versus Q2 2013, primarily due to improved performance at the Anglo American Platinum Converting Process (ACP) plant, which is operating at a steady state level after issues were resolved at the end of Q2 2013.

Platinum experienced industrial action at Rustenburg and the North of the Pilanesburg operations between 27 September 2013 and 10 October 2013. Approximately 44,000 platinum ounces of production were lost as a result.

Palladium, Rhodium and Nickel - Refined production of palladium and rhodium decreased by 6% and 6% respectively as a result of a different source mix from operations and changed pipeline processing times for each metal. Refined nickel production increased by 44% following the resolution of technical challenges in the new nickel tank house, and continued ramp up. 

DIAMONDS

Diamonds		Q3 2013	Q3 2012	Q3 2013 vs. Q3 2012	Q2 2013	Q3 2013 vs. Q2 2013	YTD 2013	YTD 2012	YTD 2013 vs. YTD 2012
Diamonds	000 carats	7,732	6,375	21%	7,931	(3)%	22,027	19,824	11%

Diamonds - Production increased by 21% to 7.7 million carats, largely owing to the full restoration of operations at Jwaneng following the slope failure incident in June 2012. This was partly offset by unplanned maintenance at one of the two Orapa processing plants. Production from Canada was significantly higher due to increased mining volumes and grade at Snap Lake.

Production at Debswana decreased by 14% compared to Q2 2013 due to the Orapa plant maintenance and lower grades at Jwaneng. Production at Venetia continues to improve  following the recovery from the impact of the pit flooding earlier in the year.

EXPLORATION AND EVALUATION

Exploration and Evaluation expenditure for Q3 2013 totalled $131 million, a decrease of 38%.

Exploration expenditure in Q3 2013 was $50 million, a decrease of $14 million as a result of reductions across all businesses more than offsetting the extra outlay resulting from inclusion of De Beers from August 2012.  

Evaluation expenditure for the quarter was $81 million, a decrease of 46% driven by reductions in copper, iron ore and metallurgical coal.

SIGNIFICANT TRANSACTIONS

On 16 September 2013, Anglo American announced that its wholly owned subsidiary Anglo American (US) Pebble LLC had given notice under the Pebble limited partnership agreement that it was withdrawing from the Pebble copper project in Alaska. Anglo American expects to record an impairment charge of $300 million at 31 December 2013 on a post-tax basis.

On 25 September 2013, Anglo American announced it had agreed revised terms for the sale of its 70% interest in the Amapá iron ore operation in Brazil ("Amapá") to Zamin Ferrous Ltd. ("Zamin"). The sale was announced in January 2013; however in March 2013, prior to the completion of the transaction, a major geological event occurred at the Santana port facility which resulted in the destruction of the port shiploader infrastructure and sampling tower and the tragic loss of six lives. In light of these circumstances, Anglo American entered into further discussions with its partner Cliffs Natural Resources ("Cliffs") and Zamin. Anglo American subsequently entered into an agreement with Cliffs to acquire its 30% interest in Amapá and has now agreed to amend the sale agreement with Zamin, including to reflect Anglo American's disposal of a 100% interest in Amapá to Zamin. Anglo American has agreed to sell 100% of Amapá to Zamin for an initial total consideration of approximately $136 million, subject to certain adjustments at completion plus the repayment of any inter-company balances. In addition, Zamin will pay Anglo American conditional deferred consideration of up to a maximum of $130 million in total, payable over a five year period and calculated on the basis of the market price for iron ore. As part of the transaction, Anglo American will assume responsibility for, and the risks and rewards of, the insurance claim in relation to the Santana port incident by acquiring the claim at full claim value. The transaction is expected to close by the end of the year and is subject to Amapá state regulatory approval.

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' joint ventures which are quoted on a 100% basis.

						% Change				% Change
	Q3 2013	Q2 2013	Q1 2013	Q4 2012	Q3 2012	Q3 2013 vs. Q2 2013	Q3 2013 vs. Q3 2012	YTD 2013	YTD 2012	YTD 2013 vs. YTD 2012
Iron Ore & Manganese segment (tonnes)
Kumba Iron Ore
Lump	5,614,100	6,866,400	6,190,300	5,551,000	7,689,900	(18)%	(27)%	18,670,800	21,029,500	(11)%
Fines	3,860,500	4,411,400	4,144,700	3,461,500	4,807,000	(12)%	(20)%	12,416,600	13,023,100	(5)%
Total Kumba production	9,474,600	11,277,800	10,335,000	9,012,500	12,496,900	(16)%	(24)%	31,087,400	34,052,600	(9)%
Kumba sales volumes
RSA export iron ore	9,422,400	10,178,300	9,945,100	8,979,600	9,958,600	(7)%	(5)%	29,545,800	30,677,400	(4)%
RSA domestic iron ore	1,312,200	1,131,500	882,000	833,100	1,162,400	16%	13%	3,325,700	3,849,900	(14)%
Samancor
Manganese ore (1)	788,100	864,200	803,400	846,800	858,400	(9)%	(8)%	2,455,700	2,501,000	(2)%
Manganese alloys (1) (2)	54,800	72,800	57,300	61,200	52,000	(25)%	5%	184,900	137,000	35%
Samancor sales volumes
Manganese ore	766,100	793,800	864,300	714,800	820,000	(3)%	(7)%	2,424,200	2,380,000	2%
Manganese alloys	56,800	68,400	63,100	65,600	48,000	(17)%	18%	188,300	170,000	11%
Metallurgical Coal segment (tonnes)
Metallurgical - Export coking coal	3,465,500	3,111,900	3,324,800	3,387,000	3,095,300	11%	12%	9,902,200	8,474,600	17%
Metallurgical - Export PCI	1,446,400	1,283,800	1,289,800	1,193,000	1,400,400	13%	3%	4,020,000	4,609,700	(13)%
Total Metallurgical - Export	4,911,900	4,395,700	4,614,600	4,580,000	4,495,700	12%	9%	13,922,200	13,084,300	6%
Thermal	3,424,700	3,238,400	2,566,800	3,714,700	3,398,900	6%	1%	9,229,900	9,255,800	-
Weighted average achieved  FOB prices (US$/t)
Metallurgical - Export (3)	129	153	148	146	188	(16)%	(31)%	142	190	(25)%
Thermal - Export	82	84	90	83	96	(2)%	(15)%	86	100	(14)%
Thermal - Domestic	39	40	37	37	36	(3)%	8%	39	36	8%
Sales volumes
Metallurgical - Export (4)	4,859,000	4,667,100	4,336,200	4,714,000	4,096,800	4%	19%	13,862,300	12,699,000	9%
Thermal - Export	1,477,900	1,505,300	1,506,600	1,518,800	1,776,300	(2)%	(17)%	4,489,800	4,523,800	(1)%
Thermal - Domestic	1,684,300	1,700,000	1,109,100	1,920,800	1,817,500	(1)%	(7)%	4,493,400	5,000,100	(10)%
Production by region: Australia
Metallurgical - Export	4,497,700	3,947,200	4,151,100	4,213,700	4,072,700	14%	10%	12,596,000	12,073,700	4%
Thermal	3,424,700	3,238,400	2,566,800	3,714,700	3,398,900	6%	1%	9,229,900	9,255,800	-
Total Australia	7,922,400	7,185,600	6,717,900	7,928,400	7,471,600	10%	6%	21,825,900	21,329,500	2%
Canada
Metallurgical - Export	414,200	448,500	463,500	366,300	423,000	(8)%	(2)%	1,326,200	1,010,600	31%

						% Change				% Change
	Q3 2013	Q2 2013	Q1 2013	Q4 2012	Q3 2012	Q3 2013 vs. Q2 2013	Q3 2013 vs. Q3 2012	YTD 2013	YTD 2012	YTD 2013 vs. YTD 2012
Thermal Coal segment (tonnes)
South Africa
Thermal - Export	4,504,900	4,015,200	3,909,200	4,659,100	4,555,300	12%	(1)%	12,429,300	12,473,000	0%
Thermal - Domestic (Eskom)	9,053,200	8,766,600	8,129,800	8,560,600	9,056,900	3%	0%	25,949,600	25,145,800	3%
Thermal - Domestic (Non-Eskom)	1,665,300	1,573,800	1,518,800	1,594,500	1,530,500	6%	9%	4,757,900	4,624,600	3%
Metallurgical - Domestic	-	-	-	-	-	-	-	-	74,100	(100)%
Colombia
Thermal - Export	3,184,900	3,014,300	1,512,000	2,661,700	2,829,400	6%	13%	7,711,200	8,887,100	(13)%
Weighted average achieved FOB prices (US$/t)
South Africa
Thermal - Export	74	76	83	84	87	(3)%	(15)%	78	95	(18)%
Thermal - Domestic	18	19	20	21	20	(5)%	(10)%	19	21	(10)%
Colombia
Thermal - Export	70	75	77	84	86	(7)%	(19)%	73	90	(19)%
Sales volumes
South Africa
Thermal - Export	4,877,600	4,049,100	3,914,900	4,511,000	4,400,800	20%	11%	12,841,600	12,639,600	2%
Thermal - Domestic	10,429,100	10,243,400	9,565,800	10,192,500	10,468,500	2%	-	30,238,300	29,825,500	1%
Colombia
Thermal - Export	3,154,800	3,157,100	1,773,500	2,701,700	2,630,300	0%	20%	8,085,400	8,223,900	(2)%
Production by region: South Africa
Thermal - Export	4,504,900	4,015,200	3,909,200	4,659,100	4,555,300	12%	(1)%	12,429,300	12,473,000	0%
Thermal - Domestic (Eskom)	9,053,200	8,766,600	8,129,800	8,560,600	9,056,900	3%	0%	25,949,600	25,145,800	3%
Thermal - Domestic (Non-Eskom)	1,665,300	1,573,800	1,518,800	1,594,500	1,530,500	6%	9%	4,757,900	4,624,600	3%
Metallurgical - Domestic	-	-	-	-	-	-	%	-	74,100	(100)%
Total South Africa	15,223,400	14,355,600	13,557,800	14,814,200	15,142,700	6%	1%	43,136,800	42,317,500	2%
Colombia
Thermal - Export	3,184,900	3,014,300	1,512,000	2,661,700	2,829,400	6%	13%	7,711,200	8,887,100	(13)%

						% Change						% Change
	Q3 2013	Q2 2013	Q1 2013	Q4 2012	Q3 2012	Q3 2013 vs. Q2 2013	Q3 2013 vs. Q3 2012	YTD 2013		YTD 2012		YTD 2013 vs. YTD 2012
Copper segment (tonnes) (5)
Collahuasi total production	144,700	85,800	66,900	73,800	62,900	69%	130%	297,400		208,300		43%
Collahuasi attributable production (6)	63,600	37,700	29,400	32,500	27,700	69%	130%	130,700		91,600		43%
Avg sulphide grade (%TCu) (7)	1.21	1.00	0.75	0.74	0.70	21%	73%	1.01		0.76		33%
Los Bronces mine (8)	106,400	101,700	98,300	95,100	87,200	5%	22%	306,400		270,200		13%
Avg sulphide grade LB (%TCu)	0.83	0.82	0.80	0.85	0.79	1%	5%	0.82		0.83		(1)%
Avg sulphide grade LBDP (%TCu)	0.84	0.80	0.79	0.83	0.79	5%	6%	0.81		0.83		(2)%
El Soldado mine (8)	9,400	13,900	15,600	15,200	12,500	(32)%	(25)%	38,900		38,600		1%
Avg sulphide grade (% TCu)	0.65	0.91	1.03	0.94	0.72	(29)%	(10)%	0.87		0.80		9%
Mantos Blancos mine	13,500	15,200	12,400	13,900	14,100	(11)%	(4)%	41,100		40,300		2%
Avg sulphide grade (% ICu) (9)	0.69	0.69	0.54	0.59	0.71	0%	(3)%	0.64		0.66		(3)%
Mantoverde mine	14,100	14,400	14,700	16,200	15,800	(2)%	(11)%	43,200		46,100		(6)%
Avg oxide grade (% ASCu) (10)	0.55	0.58	0.61	0.63	0.65	(5)%	(15)%	0.58		0.64		(9)%
Total copper production	288,100	231,000	207,900	214,200	192,500	25%	50%	727,000		603,500		20%
Attributable copper production (11)	207,300	182,900	170,400	172,900	157,300	13%	32%	560,600		486,800		15%
Attributable sales volumes	216,700	176,700	160,300	177,900	150,200	23%	44%	553,700		465,600		19%
Nickel segment (tonnes) (12)
Barro Alto	7,100	6,100	4,100	4,900	4,700	16%	51%	17,300		16,700		4%
Loma de Niquel	-	-	-	-	1,800	-	-	-		8,100		-
Codemin	2,400	2,400	2,100	2,500	2,500	0%	(4)%	6,900		7,100		(3)%
Total nickel production	9,500	8,500	6,200	7,400	9,000	12%	6%	24,200		31,900		(24)%
Sales volumes	9,200	6,300	7,100	9,000	7,600	46%	21%	22,600		31,000		(27)%
Niobium and Phosphates segment (tonnes)
Niobium	1,100	1,100	1,100	1,000	1,100	0%	7%	3,300	3,400		(3)%
Phosphates	326,300	300,500	273,200	294,200	311,100	9%	5%	900,000	831,300		8%
Platinum segment
Refined production
Platinum (troy oz)	666,400	581,800	439,200	703,800	649,000	14%	3%	1,687,400		1,674,800		1%
Palladium (troy oz)	369,300	319,700	263,600	413,300	392,100	16%	(6)%	952,600		982,600		(3)%
Rhodium (troy oz)	84,900	69,800	56,500	91,200	90,500	22%	(6)%	211,250		219,500		(4)%
Copper refined (tonnes) (13)	2,600	1,900	2,000	2,500	2,700	37%	(4)%	6,500		8,900		(27)%
Copper matte (tonnes) (13)	300	4,100	-	-	-	(93)%	-	4,400		-		-
Nickel refined (tonnes) (13)	4,900	3,400	3,300	3,900	3,700	44%	32%	11,600		13,800		(16)%
Nickel matte (tonnes) (13)	300	5,400	-	-	-	(94)%	-	5,700		-		-
Gold (troy oz)	33,700	16,300	23,300	18,600	38,500	107%	(12)%	73,300		86,600		(15)%
Equivalent refined
Platinum (troy oz)	622,600	594,500	583,000	416,000	626,300	5%	(1)%	1,800,100		1,803,100		0%
4E built-up head grade (g/tonne milled	3.36	3.24	3.22	3.22	3.32	4%	+1%	3.28		3.20		2%
Diamonds segment (diamonds recovered - carats) (14)
Debswana	5,446,000	6,369,000	4,535,000	5,537,000	4,385,000	(14)%	24%	16,350,000		14,679,000		11%
Namdeb	445,000	423,000	429,000	470,000	419,000	5%	6%	1,297,000		1,197,000		8%
De Beers Consolidated Mines	1,355,000	639,000	1,002,000	1,547,000	1,247,000	112%	9%	2,996,000		2,885,000		4%
De Beers Canada	485,000	500,000	398,000	497,000	324,000	(3)%	50%	1,383,000		1,063,000		30%
Total diamonds production	7,731,000	7,931,000	6,364,000	8,051,000	6,375,000	(3)%	21%	22,026,000		19,824,000		11%

(1)              Saleable production

(2)              Production includes medium carbon ferro-manganese

(3)              Within export coking and export PCI coals there are different grades of coal with different weighted average prices compared to benchmark

(4)              Includes both hard coking coal and PCI product sales volumes

(5)              Excludes Anglo American Platinum's copper production

(6)              Anglo American share of attributable Collahuasi production is 44% of total production

(7)              TCu = total copper

(8)              Anglo American previously held 74.5% of AA Sur, as of 24 August 2012, holds 50.1%. Production is stated at 100% as Anglo American continues to consolidate AA Sur

(9)              ICu = insoluble copper (total copper less acid soluble copper)

(10)            ASCu = acid soluble copper

(11)            Difference between total copper production and attributable copper production is Anglo American's 44% interest in Collahuasi

(12)            Excludes Anglo American Platinum's nickel production

(13)            Nickel and copper refined through third parties is shown as production of nickel matte and copper matte. Nickel and copper matte, per the table, reflects matte sold to a third party in Q3 2013 from 2012 and 2013 production stockpile. Nickel matte production in 2012: 3.2 Kt; YTD 2013: 2.5 Kt. Copper matte production 2012: 2.4 Kt; YTD 2013: 2.0 Kt

(14)            Production data for De Beers is disclosed on a 100% basis

Note: Production figures are sometimes more precise than the rounded numbers shown in the commentary of this report. The percentage change will reflect the percentage change using the production figures shown in the Production Summary of 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: [phone]		UK Paul Galloway Tel: [phone]
Emily Blyth Tel: [phone]		Caroline Crampton Tel: [phone]
South Africa Pranill Ramchander Tel: [phone]		Sarah McNally Tel: [phone]

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. Our portfolio of mining businesses meets our customers' changing needs and spans bulk commodities - iron ore and manganese, metallurgical coal and thermal coal; base metals and minerals - copper, nickel, niobium and phosphates; and precious metals and minerals - in which we are a global leader in both platinum and diamonds.  At Anglo American, we are committed to working together with our stakeholders - our investors, our partners and our employees - to create sustainable value that makes a real difference, while upholding the highest standards of safety and responsibility across all our businesses and geographies. The company's mining operations, pipeline of growth projects and exploration activities span southern Africa, South America, Australia, North America, Asia and Europe.

www.angloamerican.com

 

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