Anglo American Q2 Production Report

RNS Number : 6601E
Anglo American PLC
20 July 2016
 

 

Click on, or paste the following link into your web browser, to view the associated PDF document.

http://www.rns-pdf.londonstockexchange.com/rns/6601E_-2016-7-19.pdf 

 

 

 

20 July 2016

 

Anglo American plc

Production Report for the second quarter ended 30 June 2016

 

Overview

 

 

Q2 2016

Q2 2015

% vs. Q2 2015

H1 2016

H1 2015

% vs. H1 2015

Diamonds (Mct)(1)

6.4

8.0

(19)%

13.3

15.6

(15)%

Platinum (produced ounces) (koz)(2)

586

581

1%

1,153

1,125

2%

Copper retained operations (t)(3) (4) (5)

144,200

156,800

(8)%

290,700

303,600

(4)%

Nickel (t)(6)

11,100

6,300

76%

22,300

13,000

72%

Iron ore - Kumba (Mt)

8.9

10.4

(15)%

17.8

22.6

(21)%

Iron ore - Minas-Rio (Mt)(7)

3.5

1.8

91%

6.8

3.0

128%

Export metallurgical coal (Mt)

5.5

5.3

4%

10.0

10.2

(2)%

Export thermal coal (Mt)

8.1

8.6

(6)%

15.7

17.3

(9)%

 

Mark Cutifani, Anglo American Chief Executive, said "The Q2 2016 operating results are in line with the equivalent period of 2015 on a copper equivalent basis(8). We are building upon the improving operational trend from the first quarter as we recover refined platinum production and continue to ramp-up Minas-Rio, Grosvenor and Barro Alto.  We also continue to demonstrate discipline in our key markets, particularly diamonds and platinum, in line with our focus on higher margin and lower cost assets. The decisive actions taken by De Beers last year led to more normal trading conditions in the first half of 2016 with sales volumes increasing as a result, but we maintain a cautious outlook."

 

·     Diamond production decreased by 19% to 6.4 million carats, reflecting the decision to reduce production in response to prevailing trading conditions in H2 2015.

·      Platinum production (expressed as metal in concentrate)(2) increased by 1% to 585,700 ounces, whilst refined platinum production increased by 33% to 747,600 ounces, reflecting the recovery at the Precious Metals Refinery after a planned stocktake and safety stoppage in Q1 2016.

·     Copper production from the retained operations (excluding the AA Norte assets sold effective 1 September 2015) decreased by 8% to 144,200 tonnes.  Expected lower grades and significant snowfall impacted operations at Los Bronces, albeit partly offset by plant stability improvements at Collahuasi.

·     Nickel production increased by 76% to 11,100 tonnes following the successful completion of the Barro Alto furnace rebuilds in 2015.

·      Iron ore production from Kumba decreased by 15% to 8.9 million tonnes as Sishen restructured (downsized) and transitioned the operations to a lower cost pit configuration.

·    Iron ore production from Minas-Rio increased by 91% to 3.5 million tonnes (wet basis) as the operation continues its ramp-up.

·      Export metallurgical coal production increased by 4% to 5.5 million tonnes due to first longwall production at Grosvenor in May and a longwall move at Grasstree in the prior year, partially offset by ramp-up at Moranbah after the completion of the longwall move in the prior quarter.

·    Export thermal coal production decreased by 6% to 8.1 million tonnes due to ramping down production at Drayton where mining activities will cease in late 2016 and planned production cuts at Cerrejón, partly offset by higher production at most South African Export operations.

(1) De Beers production on 100% basis; (2) In keeping with industry benchmarks, production disclosure has been amended to reflect own mine production and purchases of metal in concentrate. Previous disclosure of own mine production and purchases of metal in concentrate was converted to equivalent refined production using standard smelting and refining recoveries; (3) Copper production from the Copper business unit; (4) Copper production shown on a contained metal basis; (5) 2015 Copper production normalised for the sale of Anglo Norte; (6) Nickel production from the Nickel business unit; (7) Wet basis; (8) Copper equivalent production is normalised for the sale of Anglo American Norte and the Kimberley mine, and to reflect Snap Lake being placed on care and maintenance.

 

DE BEERS

 

Diamonds

(100% basis)

Q2

 2016

Q2

2015

Q2 2016

vs.

Q2 2015

Q1

2016

Q2 2016

vs.

Q1 2016

H1

2016

H1

2015

H1 2016 vs.  

H1 2015

Diamonds

000 carats

6,448

7,963

(19)%

6,866

(6)%

13,314

15,628

(15)%

                   

 

 

De Beers - Diamond production decreased by 19% to 6.4 million carats, reflecting the decision to reduce production in response to prevailing trading conditions in H2 2015.

 

At Debswana (Botswana), production decreased by 12% to 5.2 million carats with Orapa reduced by 27% and the placing of Damtshaa on care and maintenance from 1 January 2016.

 

Production at DBCM (South Africa) decreased by 26% to 0.8 million carats due mainly to the completion of the sale of Kimberley Mines in January 2016.

 

Production at Namdeb Holdings (Namibia) decreased by 31% to 0.3 million carats with reduced production at Debmarine Namibia because of extended planned in-port maintenance of the Mafuta vessel and lower grades at Namdeb's Land operations.

 

Production in Canada decreased by 71% to 0.1 million carats due to Snap Lake being placed on care and maintenance in December 2015.  Production at Victor was in line with Q2 2015.

 

Consolidated rough diamond sales in Q2 2016 were 9.6 million carats (from three Sights) compared with 4.9 million carats (from two Sights) in Q2 2015. Apart from the additional Sight in 2016, this increase reflected higher midstream restocking from lower inventory levels in 2015. Consolidated sales volumes for H1 2016 were 17.2 million carats, compared with 13.3 million carats for H1 2015 (from five Sights, in each case).

 

The De Beers rough price index was on average 16% lower in H1 2016 compared with H1 2015. The average realised price at $177/ct was 14% lower than H1 2015.

 

Full Year Guidance

Full year production guidance (on a 100% basis) remains unchanged at 26-28 million carats, subject to trading conditions. 

 

 

PLATINUM

 

Platinum

 

Q2

 2016

Q2

2015

Q2 2016

vs.

Q2 2015

Q1

2016

Q2 2016

vs.

Q1 2016

H1

2016

H1

2015

H1 2016 vs.  

H1 2015

Refined

 

 

 

 

 

 

 

 

 

Platinum

000 oz

748

561

33%

261

187%

1,008

1,103

(9)%

Palladium

000 oz

472

388

22%

182

160%

654

736

(11)%

Rhodium

000 oz

91

77

18%

48

90%

138

142

(2)%

Copper - Refined

t

3,700

4,000

(8)%

3,300

12%

7,000

7,900

(11)%

Copper - Matte(1)

t

0

0

0%

0

0%

0

300

(100)%

Nickel - Refined

t

6,400

6,000

7%

5,700

12%

12,100

11,700

3%

Nickel - Matte(1)

t

0

0

0%

0

0%

0

400

(100)%

Gold

000 oz

22

30

(27)%

28

(20)%

50

61

(17)%

Produced ounces(2)

 

 

 

 

 

 

 

 

 

Platinum

000 oz

586

581

1%

567

3%

1,153

1,125

2%

 

(1)   Copper and nickel refined through third parties is shown as production of copper matte and nickel matte.

(2)   In keeping with industry benchmarks, production disclosure has been amended to reflect own mine production and purchases of metal in concentrate. Previous disclosure of own mine production and purchases of metal in concentrate was converted to equivalent refined production using standard smelting and refining recoveries.

 

Platinum - Production (metal in concentrate) increased by 1% to 585,700 ounces.

 

Mogalakwena production decreased by 3% to 98,800 ounces. Whilst milled volumes increased by 6%, a return to normalised lower grades in Q2 resulted in the 3% decrease.

 

Amandelbult production increased by 1% to 106,200 ounces. Strong mining performance was mostly offset by a fatal incident on 26 April 2016 which resulted in a mine stoppage and a loss of 18,000 ounces of production.

 

Unki production increased by 12% to 17,800 ounces. Improved underground mining efficiencies, which resulted in increased milled volume were complemented by a 9% increase in grade. 

 

Independently managed production (mined and purchased, but excluding third party purchase of concentrate) increased by 9% to 203,200 ounces, driven by strong production performances from Mototolo, Modikwa, BRPM and Kroondal, partly offset by Bokoni.

 

Platinum production from Rustenburg operations including the Western Limb Tailings Retreatment was 8% lower at 112,300 ounces. Production was impacted by a fatal incident, the impact of mining through difficult ground areas and marginally lower grade. This was partly offset by an increase in tailings retreatment production.

 

Following the significant restructuring at Union, the mine continued to improve performance against its optimised mine plan with production 31% higher at 41,200 ounces mainly due to improved underground mining efficiencies and increased stability at the concentrator plant.

 

Refined platinum production increased by 33% to 747,600 ounces. The increase is a result of refining the backlog of product not delivered in Q1 2016 as a result of a planned stock take at the Precious Metals Refinery (PMR), together with a Section 54 Stoppage which closed the PMR for 12 days and materially impacted production for a further 37 days. The remainder of the shortfall in refined production is expected to be caught up in Q3 2016. 

 

Full Year Guidance

Full year production guidance (metal in concentrate) remains unchanged at between 2.3-2.4 million ounces.

 

 

 

 

 

COPPER

 

Copper(1)

Q2

 2016

Q2

2015

Q2 2016

vs.

Q2 2015

Q1

2016

Q2 2016

vs.

Q1 2016

H1

2016

H1

2015

H1 2016 vs.  

H1 2015

Copper retained operations(2)

t

144,200

156,800

(8)%

146,500

(2)%

290,700

303,600

(4)%

Copper

t

144,200

184,500

(22)%

146,500

(2)%

290,700

356,300

(18)%

 

(1)   Copper production shown on a contained metal basis

(2)   Anglo American Norte excluded for all periods

 

Copper - Copper production from the retained operations (excluding AA Norte assets sold effective 1 September 2015) decreased by 8% to 144,200 tonnes and by 2% compared to Q1 2016.

 

Production from Los Bronces decreased by 22% to 75,600 tonnes primarily due to expected lower grades, as well as unseasonal and extremely high levels of snowfall which hampered operations at the mine during Q2 restricting access to high grade ore zones (0.62% vs. 0.98%). This was partially offset by no further water restrictions which impacted production in the first half of 2015.

 

At Collahuasi, attributable production increased by 14% to 56,200 tonnes due to improved plant stability and operating times following rectification work undertaken in 2015, combined with higher grades (1.21% vs. 1.15%).

 

El Soldado production increased by 24% to 12,400 tonnes due to the increasing availability of higher grade ore, in line with the revised mine plan. On the 8 July 2016 the unionised workforce at El Soldado went on strike after rejecting the offer made by the company as part of the collective bargaining process.

 

At the end of H1 2016, Anglo American had 155,300 tonnes of copper provisionally priced at           220c/lb. The final price of these sales will be determined in H2 2016. The realised copper price for the first half to 215c/lb.

 

Full Year Guidance

Owing to the severe winter weather experienced at Los Bronces during the quarter, which limited mine extraction and the ability to mine the higher altitude, higher-grade phases, full year production guidance has been revised down to 570,000 - 600,000 tonnes for 2016 (previously 600,000 - 630,000 tonnes), and 570,000 - 600,000 tonnes for 2017 (previously 590,000 - 620,000 tonnes).

 

 

 NICKEL

 

 

Nickel

Q2

 2016

Q2

2015

Q2 2016

vs.

Q2 2015

Q1

2016

Q2 2016

vs.

Q1 2016

H1

2016

H1

2015

H1 2016 vs.  

H1 2015

Nickel

t

11,100

6,300

76%

11,200

(1)%

22,300

13,000

72%

                   

 

Nickel - Nickel production increased by 76% to 11,100 tonnes following the successful rebuild of both Barro Alto furnaces, which are now producing at close to nameplate capacity. Production from Codemin remained in line with Q2 2015 at 2,300 tonnes.

 

Full Year Guidance

Full year production guidance remains unchanged at 45,000 - 47,000 tonnes.

 

 

NIOBIUM

 

Niobium

Q2

 2016

Q2

2015

Q2 2016

vs.

Q2 2015

Q1

2016

Q2 2016

vs.

Q1 2016

H1

2016

H1

2015

H1 2016 vs.  

H1 2015

Niobium

t

1,200

1,600

(25)%

1,400

(14)%

2,600

2,900

(10)%

                   

 

Niobium - Niobium production decreased by 25% to 1,200 tonnes due to a planned stoppage in May to implement a downstream metallurgy project. Subsequent plant performance has been strong, with an all-time production record achieved in June.

 

 

PHOSPHATES

 

Phosphates

Q2

 2016

Q2

2015

Q2 2016

vs.

Q2 2015

Q1

2016

Q2 2016

vs.

Q1 2016

H1

2016

H1

2015

H1 2016 vs.  

H1 2015

Phosphates

 

 

 

 

 

 

 

 

 

Concentrate

t

  358,000

303,300

18%

333,100

7%

691,100

622,600

11%

Phosphoric acid

t

73,600

62,400

18%

79,100

(7)%

152,700

125,600

22%

Fertiliser

t

285,900

274,200

4%

274,900

4%

560,800

513,000

9%

Dicalcium phosphate (DCP)

t

41,500

38,700

7%

31,500

32%

73,000

74,900

(3)%

Phosphates - Concentrate production increased by 18% due to softer material feed to the plant. Fertiliser production increased by 4%, mainly due to strong performance at the granulation plants and good plant conditions allowing a combination of the January and March maintenance programmes. Phosphoric acid production increased by 18% due to increased plant stability and higher equipment availability at both sites. DCP production increased by 7% following stable process and phosphoric acid availability.

 

 

IRON ORE AND MANGANESE

 

Iron Ore and Manganese

Q2

 2016

Q2

2015

Q2 2016

vs.

Q2 2015

Q1

2016

Q2 2016

vs.

Q1 2016

H1

2016

H1

2015

H1 2016 vs.  

H1 2015

Iron ore - Kumba

000 t

8,864

10,385

(15)%

8,925

(1)%

17,788

22,552

(21)%

Iron ore - Minas-Rio(1)

000 t

3,484

1,826

91%

3,349

4%

6,833

3,003

128%

Manganese ore(2)

000 t

791

806

(2)%

776

2%

1,567

1,568

0%

Manganese alloys(3)

000 t

30

54

(45)%

32

(7)%

62

126

(51)%

 

(1)  Wet basis

(2)  Saleable production

(3)  Production includes medium carbon ferro-manganese

 

Kumba Iron Ore - Iron ore production decreased by 15% to 8.9 million tonnes.

 

Sishen production decreased by 21% to 5.7 million tonnes, whilst waste removal decreased to         31 million tonnes compared to 58 million tonnes in Q2 2015. The reduction in production and waste volumes was consistent with the mine's lower cost pit configuration, although run rates for the quarter were lower than expected due to the significant restructuring and ~31% reduction in the workforce at Sishen. Production was further exacerbated by higher than normal levels of rainfall and a safety related stoppage. Solutions have been implemented which have already shown improvements in mine flexibility and run rates on key operating parameters during June in line with full year production guidance of ~27Mt. 

 

Kolomela production increased by 10% to 3.2 million tonnes, due to increased plant throughput.

 

At Thabazimbi there was no production in the quarter after mining activities ceased on 30 September 2015 and processing activities ceased on 31 March 2016. Closure of the mine is proceeding according to plan.

 

Export sales decreased by 26% to 8.7 million tonnes due to lower production. Total finished product stocks were 2.3 million tonnes, compared with 4.7 million tonnes at year end as stocks were drawn-down further.

 

Full Year Guidance

Full year production guidance for Sishen remains unchanged at ~27 million tonnes and waste volumes of between 135-150 million tonnes.  Kolomela remains on track to produce ~12 million tonnes and waste volumes of 46-48 million tonnes.

 

 

Iron Ore Brazil - Iron ore production from Minas-Rio increased by 91% to 3.5 million tonnes (wet basis) during Q2 2016, a 4% increase compared to Q1 2016, as the operation continues its ramp-up. The constrained pit and ongoing licence processes have resulted in lower than anticipated quality run-of-mine material. On 7 July 2016 a provisional approval was granted for the next phase of licensing, which has allowed immediate access to the next tranche of reserves.

 

Full Year Guidance

Due to the pit constraint, full year production guidance for Iron Ore Brazil has been revised to 15-17 million tonnes (previously 15-18 million tonnes) (wet basis).

 

 

Manganese ore - Manganese ore production was broadly in line with Q2 2015.

 

Manganese alloy - Manganese alloy production decreased by 45% following the restructuring of South Africa Manganese operations due to market conditions. In May 2015, operations were suspended at three of the four furnaces at Metalloys in South Africa.

 

 

 

COAL

 

Coal

Q2

 2016

Q2

2015

Q2 2016

vs.

Q2 2015

Q1

2016

Q2 2016

vs.

Q1 2016

H1

2016

H1

2015

H1 2016 vs.  

H1 2015

Australia

 

 

 

 

 

 

 

 

 

Metallurgical - Export

000 t

5,483

5,253

4%

4,526

21%

10,009

10,248

(2)%

Thermal - Export

000 t

1,107

1,327

(17)%

1,066

4%

2,173

2,760

(21)%

Thermal - Domestic

000 t

1,717

1,622

6%

1,493

15%

3,210

3,272

(2)%

South Africa

 

 

 

 

 

 

 

 

 

Thermal - Export

000 t

4,656

4,297

8%

3,976

17%

8,632

8,638

0%

Thermal - Domestic (Eskom)

000 t

6,709

6,774

(1)%

6,392

5%

13,101

13,725

(5)%

Thermal - Domestic (Non-Eskom)

000 t

1,824

1,590

15%

1,804

1%

3,628

3,292

10%

Colombia

 

 

 

 

 

 

 

 

 

Thermal - Export

000 t

2,330

2,944

(21)%

2,610

(11)%

4,940

5,919

(17)%

 

 

Australia - Export metallurgical coal production increased by 4% to 5.5 million tonnes due to first longwall production at Grosvenor in May and a longwall move at Grasstree in the prior year.  These increases offset lower production at Moranbah which was ramping-up after the completion of the longwall move in Q1 2016.

 

Australian export thermal coal production decreased by 17% to 1.1 million tonnes as Drayton ramps down to cease mining operations in late 2016 following the NSW Planning Assessment Commission recommendation not to approve the Drayton South Project.

 

South Africa - Export thermal coal production increased by 8% to 4.7 million tonnes.  Production increased across nearly all operations due to productivity improvements.

 

Eskom related production was broadly unchanged.

 

Domestic non-Eskom production increased by 15% to 1.8 million tonnes mainly due to Zibulo and Landau export production re-directed to the domestic market generating a higher margin.

 

Colombia - Cerrejón's attributable production decreased by 21% to 2.3 million tonnes due to heavy rainfall in May and June, and ongoing planned production cuts to take out the highest cost capacity in response to market conditions.

 

Full Year Guidance

Full year production guidance for export metallurgical coal remains unchanged at 21-22 million tonnes. This is subject to the completion of any asset disposals.

 

Full year production guidance for export thermal coal from South Africa and Colombia remains unchanged at 28-30 million tonnes.

 

 

EXPLORATION AND EVALUATION

 

Exploration and Evaluation expenditure for the quarter totalled $45 million, a decrease of 35%.  Exploration expenditure for the quarter totalled $24 million, a decrease of 31%. Evaluation expenditure for the quarter totalled $22 million, a decrease of 40%.

 

 

 

 

 

NOTE

 

This Production Report for the second quarter ended 30 June 2016 is unaudited.

 

PRODUCTION SUMMARY

 

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

 

 

De Beers

Q2 2016

Q1 2016

Q4 2015

Q3 2015

Q2 2015

Q2 2016

vs.

Q1 2016

Q2 2016

vs.

Q2 2015

H1

2016

H1

2015

H1 2016 vs.

H1 2015

Carats recovered

 

 

 

 

 

 

 

 

 

 

100% basis

 

 

 

 

 

 

 

 

 

 

Orapa

2,028,000

2,001,000

2,516,000

1,959,000

2,792,000

1%

(27)%

4,029,000

5,402,000

(25)%

Letlhakane

159,000

125,000

73,000

134,000

111,000

27%

43%

284,000

299,000

(5)%

Damtshaa

-

-

59,000

45,000

60,000

-

(100)%

-

117,000

(100)%

Jwaneng

2,997,000

3,202,000

2,101,000

1,936,000

2,950,000

(6)%

2%

6,199,000

5,727,000

8%

Debswana

5,184,000

5,328,000

4,749,000

4,074,000

5,913,000

(3)%

(12)%

10,512,000

11,545,000

(9)%

 

 

 

 

 

 

 

 

 

 

 

Namdeb

94,000

72,000

119,000

148,000

131,000

31%

(28)%

166,000

227,000

(27)%

Debmarine Namibia

202,000

372,000

286,000

318,000

300,000

(46)%

(33)%

574,000

666,000

(14)%

Namdeb Holdings

296,000

444,000

405,000

466,000

431,000

(33)%

(31)%

740,000

893,000

(17)%

 

 

 

 

 

 

 

 

 

 

 

Kimberley

-

68,000

242,000

192,000

182,000

(100)%

(100)%

68,000

403,000

(83)%

Venetia

695,000

706,000

1,033,000

712,000

763,000

(2)%

(9)%

1,401,000

1,387,000

1%

Voorspoed

126,000

158,000

184,000

132,000

172,000

(20)%

(27)%

284,000

388,000

(27)%

DBCM

821,000

932,000

1,459,000

1,036,000

1,117,000

(12)%

(26)%

1,753,000

2,178,000

(20)%

 

 

 

 

 

 

 

 

 

 

 

Snap Lake

-

3,000

280,000

283,000

352,000

(100)%

(100)%

3,000

680,000

(100)%

Victor

147,000

159,000

159,000

153,000

150,000

(8)%

(2)%

306,000

332,000

(8)%

147,000

162,000

439,000

436,000

502,000

(9)%

(71)%

309,000

1,012,000

(69)%

6,448,000

6,866,000

7,052,000

6,012,000

7,963,000

(6)%

(19)%

13,314,000

15,628,000

(15)%

Sales volumes (1)

 

 

 

 

 

 

 

 

 

 

Total sales volumes - carats (100%) (Mct)

10.2

8.1

3.6

3.0

5.4

26%

89%

18.3

14.0

31%

9.6

7.6

3.6

3.0

4.9

26%

96%

17.2

13.3

29%

                         

 

Platinum

Q2 2016

Q1 2016

Q4 2015

Q3 2015

Q2 2015

Q2 2016

vs.

Q1 2016

Q2 2016

vs.

Q2 2015

H1

2016

H1

2015

H1 2016 vs.

H1 2015

Refined production

 

 

 

 

 

 

 

 

 

 

    Platinum (troy oz)

747,600

260,800

744,900

610,900

560,600

187%

33%

1,008,400

1,103,000

(9)%

Palladium (troy oz)

472,300

181,600

468,400

390,700

387,700

160%

22%

653,900

735,800

(11)%

Rhodium (troy oz)

90,700

47,700

85,700

77,600

76,900

90%

18%

138,400

141,900

(2)%

Copper  refined (tonnes)(2)

3,700

3,300

4,700

4,200

4,000

12%

(8)%

7,000

7,900

(11)%

Copper  matte (tonnes)(2)

0

0

0

0

0

0%

0% 

0

300

(100)%

Nickel refined (tonnes)(2)

6,400

5,700

7,300

6,400

6,000

12%

7%

12,100

11,700

3%

Nickel matte (tonnes)(2)

0

0

0

0

0

0%

0% 

0

400

(100)%

Gold (troy oz)

22,300

27,900

29,500

23,000

30,400

(20)%

(27)%

50,200

60,500

(17)%

     Mogalakwena (troy oz)

98,800

109,000

98,500

89,700

102,300

(9%)

(3%)

207,800

204,300

2%

     Amandelbult (troy oz)

106,200

110,900

120,900

127,600

105,400

(4%)

1%

217,100

189,000

15%

     Unki (troy oz)

17,800

18,600

18,600

15,700

15,900

(4%)

12%

36,400

32,200

13%

     Independently managed (troy oz)

203,200

185,100

199,100

209,000

185,700

10%

9%

388,300

360,400

8%

     Rustenburg (troy oz)

112,300

106,400

117,800

124,000

122,600

6%

(8%)

218,700

243,600

(10%)

     Union (troy oz)

41,200

34,300

38,000

37,700

31,400

20%

31%

75,500

65,500

15%

     Other(3) (troy oz)

6,200

2,700

5,100

10,500

17,600

130%

(65)%

8,900

30,000

(70)%

Produced ounces

Platinum (troy oz)

585,700

567,000

598,000

614,300

580,900

3%

1%

1,152,700

1,125,000

2%

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

3.00

3.11

3.24

3.27

3.27

(4)%

(8)%

3.05

3.21

(5)%

Platinum sales volumes

808,400

412,800

621,800

690,100

635,600

96%

27%

1,221,200

1,159,500

5%

 

 

 

Copper (tonnes) on a contained metal     basis unless stated otherwise(5)

Q2 2016

Q1 2016

Q4 2015

Q3 2015

Q2 2015

Q2 2016

vs.

Q1 2016

Q2 2016

vs.

Q2 2015

H1

2016

H1

2015

H1 2016 vs.

H1 2015

Collahuasi 100% basis (Anglo American share 44%)

 

 

 

 

 

 

 

 

 

 

Ore mined

15,277,400

14,858,200

22,468,800

18,879,300

20,130,700

3%

(24)%

30,135,600

38,225,400

(21)%

Ore processed - Oxide

-

-

-

1,484,900

1,835,700

-

(100)%

-

3,169,000

(100)%

Ore processed - Sulphide

12,479,200

12,102,800

12,801,300

9,464,800

10,464,200

3%

19%

24,582,000

21,524,500

14%

Ore grade processed - Oxide

(% ASCu)(6)

-

-

-

0.63

0.60

-

-

-

0.64

-

Ore grade processed - Sulphide (% TCu)(7)

1.21

1.15

1.25

1.09

1.15

5%

5%

1.18

1.12

6%

Production - Copper cathode

1,400

1,900

3,100

6,000

6,600

(26)%

(79)%

3,300

13,100

(75)%

Production - Copper in concentrate

126,300

114,200

136,800

92,800

105,500

11%

20%

240,500

203,500

18%

Total copper production for Collahuasi

127,700

116,100

139,900

98,800

112,100

10%

14%

243,800

216,600

13%

Anglo American's share of copper production for Collahuasi(8)

56,200

51,100

61,500

43,500

49,300

10%

14%

107,300

95,300

13%

Anglo American Sur

 

 

 

 

 

 

 

 

 

 

Los Bronces mine(9)

 

 

 

 

 

 

 

 

 

 

Ore mined

13,477,900

10,487,900

13,252,200

10,112,600

13,345,700

29%

1%

23,965,800

26,893,700

(11)%

Marginal ore mined

6,148,500

13,402,300

11,673,100

7,733,600

10,929,100

(54)%

(44)%

19,550,800

19,845,900

(1)%

Ore processed - Sulphide

12,567,500

12,055,300

14,115,200

11,584,300

10,447,300

4%

20%

24,622,800

19,697,400

25%

Ore grade processed - Sulphide (% TCu)

0.62

0.74

0.83

0.87

0.98

(16)%

(37)%

0.68

1.02

(34)%

Production - Copper cathode

8,900

9,700

9,700

8,500

7,800

(8)%

14%

18,600

16,800

11%

 

Production - Copper in concentrate

66,700

75,500

101,300

90,100

89,600

(12)%

(26)%

142,200

175,300

(19)%

Production total

75,600

85,200

111,000

98,600

97,400

(11)%

(22)%

160,800

192,100

(16)%

El Soldado mine(9)

 

 

 

 

 

 

 

 

 

 

Ore mined

2,143,000

1,448,000

1,280,000

951,600

1,915,700

48%

12%

3,591,000

2,976,500

21%

Ore processed - Sulphide

1,741,200

1,836,100

1,557,500

1,441,800

1,752,100

(5)%

(1)%

3,577,300

2,966,100

21%

Ore grade processed - Sulphide (% TCu)

0.89

0.75

0.79

0.90

0.71

19%

25%

0.82

0.69

19%

Production - Copper cathode

-

-

-

-

-

-

-

-

200

(100)%

Production - Copper in concentrate

12,400

10,200

8,900

11,000

10,000

22%

24%

22,600

15,900

42%

Production total

12,400

10,200

8,900

11,000

10,000

22%

24%

22,600

16,100

40%

Chagres Smelter(9)

 

 

 

 

 

 

 

 

 

 

Ore smelted

36,500

35,900

35,900

39,900

36,200

2%

1%

72,400

73,300

(1)%

Production

35,500

35,200

34,900

38,900

35,300

1%

1%

70,700

71,300

(1)%

Total copper production for Anglo American Sur

88,000

95,400

119,900

109,600

107,400

(8)%

(18)%

183,400

208,200

(12)%

Anglo American Norte

 

 

 

 

 

 

 

 

 

 

Mantos Blancos mine

 

 

 

 

 

 

 

 

 

 

Ore processed  - Sulphide

-

-

-

718,400

1,043,300

-

(100)%

-

2,117,100

(100)%

Ore grade processed - Sulphide (% TCu)

-

-

-

0.75

0.79

-

-

-

0.77

-

Production - Copper cathode

-

-

-

5,000

8,500

-

(100)%

-

15,400

(100)%

Production - Copper in concentrate

-

-

-

4,500

6,800

-

(100)%

-

13,600

(100)%

Production total

-

-

-

9,500

15,300

-

(100)%

-

29,000

(100)%

Mantoverde mine

 

 

 

 

 

 

 

 

 

 

Ore processed - Oxide

-

-

-

1,838,000

2,487,900

-

(100)%

-

4,767,300

(100)%

Ore processed - Marginal ore

-

-

-

1,658,000

2,790,000

-

(100)%

-

4,286,800

(100)%

Ore grade processed - Oxide (% ASCu)

-

-

-

0.51

0.54

-

-

-

0.53

-

Ore grade processed - Marginal ore (% ASCu)

-

-

-

0.20

0.21

-

-

-

0.21

-

Production - Copper cathode

-

-

-

8,500

12,500

-

(100)%

-

23,800

(100)%

Total copper production for Anglo American Norte

-

-

-

18,000

27,800

-

(100)%

-

52,800

(100)%

Total Copper segment copper production

215,700

211,500

259,800

226,400

247,300

2%

(13)%

427,200

477,600

(11)%

Total Attributable copper production(10)

144,200

146,500

181,400

171,100

184,500

(2)%

(22)%

290,700

356,300

(18)%

Total Attributable payable copper production

139,200

141,600

175,300

165,800

179,000

(2)%

(22)%

280,800

345,800

(19)%

Total Attributable sales volumes

143,500

137,500

183,000

178,400

179,400

4%

(20)%

281,000

344,200

(18)%

Total Attributable payable sales volumes

138,500

133,000

176,700

172,900

173,800

4%

(20)%

271,500

333,900

(19)%

Third party sales(11)

6,700

9,200

41,400

-

-

(27)%

100%

15,900

-

100%

 

 

 

 

 

 

 

 

Nickel (tonnes)

unless stated otherwise(12)

Q2 2016

Q1 2016

Q4 2015

Q3 2015

Q2 2015

Q2 2016

vs.

Q1 2016

Q2 2016

vs.

Q2 2015

H1

2016

H1

2015

H1 2016 vs.

H1 2015

Barro Alto

 

 

 

 

 

 

 

 

 

 

Ore mined

835,300

457,000

453,200

1,351,700

903,300

83%

(8)%

1,292,300

1,138,600

13%

Ore processed

569,200

598,100

566,400

330,700

281,100

(5)%

102%

1,167,300

575,700

103%

Ore grade processed - %Ni

1.76

1.77

1.77

1.79

1.80

(1)%

(2)%

1.76

1.78

(1)%

Production

8,800

8,900

8,100

4,700

4,100

(1)%

115%

17,700

8,400

111%

Codemin

 

 

 

 

 

 

 

 

 

 

Ore mined

7,600

-

-

-

8,600

n.m.

(12)%

7,600

8,600

(12)%

Ore processed

151,300

151,400

   154,000

140,000

145,700

0%

4%

302,700

297,100

2%

Ore grade processed - %Ni

1.72

1.68

1.69

1.70

1.71

2%

1%

1.70

1.68

1%

Production

2,300

2,300

2,400

2,100

2,200

0%

5%

4,600

4,500

2%

Total Nickel segment nickel production

11,100

11,200

10,500

6,800

6,300

(1)%

76%

22,300

13,000

72%

Sales volumes

11,100

10,800

9,500

6,400

8,600

3%

29%

21,900

16,100

36%

 

Niobium

(tonnes) unless stated otherwise

Q2 2016

Q1 2016

Q4 2015

Q3 2015

Q2 2015

Q2 2016

vs.

Q1 2016

Q2 2016

vs.

Q2 2015

H1

2016

H1

2015

H1 2016 vs.

H1 2015

Niobium

 

 

 

 

 

 

 

 

 

 

Ore mined

661,000

690,300

637,700

597,300

605,600

(4)%

9%

1,351,300

896,700

51%

Ore processed

601,100

484,800

580,700

578,400

570,400

24%

5%

1,085,900

1,072,200

1%

Ore grade processed - %Nb

0.95

0.91

1.00

0.93

0.93

4%

2%

0.93

0.95

(2)%

Production

1,200

1,400

1,600

1,800

1,600

(14)%

(25)%

2,600

2,900

(10)%

Sales volumes

1,900

1,100

800

1,400

1,500

73%

27%

3,000

2,800

7%

 

 

Phosphates

(tonnes) unless stated otherwise

Q2 2016

Q1 2016

Q4 2015

Q3 2015

Q2 2015

Q2 2016

vs.

Q1 2016

Q2 2016

vs.

Q2 2015

H1

2016

H1

2015

H1 2016 vs.

H1 2015

 Phosphates

 

 

 

 

 

 

 

 

 

 

Concentrate

358,000

333,100

355,700

363,100

303,300

7%

18%

691,100

622,600

11%

Concentrate grade - %P2O5

37.1

36.6

36.7

36.8

36.9

1%

1%

36.8

36.9

0%

Phosphoric acid

73,600

79,100

63,900

75,600

62,400

(7)%

18%

152,700

125,600

22%

Fertiliser

285,900

274,900

303,400

294,400

274,200

4%

4%

560,800

513,000

9%

High analysis fertiliser

53,600

47,800

36,700

42,400

56,100

12%

(4)%

101,400

93,700

8%

Low analysis fertiliser

232,300

227,100

266,700

252,000

218,100

2%

7%

459,400

419,300

10%

Dicalcium phosphate (DCP)

41,500

31,500

38,700

33,700

38,700

32%

7%

73,000

74,900

(3)%

Fertiliser sales volumes

362,300

247,300

194,400

339,600

317,500

47%

14%

609,600

526,000

16%

 

 

 

Iron Ore and Manganese (tonnes)

Q2 2016

Q1 2016

Q4 2015

Q3 2015

Q2 2015

Q2 2016

vs.

Q1 2016

Q2 2016

vs.

Q2 2015

H1

2016

H1

2015

H1 2016 vs.

H1 2015

Kumba Iron Ore

 

 

 

 

 

 

 

 

 

 

5,721,300

5,669,700

7,029,100

7,322,300

6,761,800

1%

(15)%

11,391,000

14,651,700

(22)%

3,142,300

3,254,800

3,906,100

4,068,600

3,622,900

(3)%

(13)%

6,397,100

7,900,400

(19)%

Total Kumba production

8,863,600

8,924,500

10,935,200

11,390,900

10,384,700

(1)%

(15)%

17,788,100

22,552,100

(21)%

Sishen

5,699,600

5,841,800

7,661,300

7,669,800

7,176,200

(2)%

(21)%

11,541,400

16,061,700

(28)%

Kolomela

3,164,000

2,713,100

2,853,800

3,347,800

2,880,300

17%

10%

5,877,100

5,852,800

0%

Thabazimbi

-

369,600

420,100

373,300

328,200

(100)%

(100)%

369,600

637,600

(42)%

Total Kumba production

8,863,600

8,924,500

10,935,200

11,390,900

10,384,700

(1)%

(15)%

17,788,100

22,552,100

(21)%

Kumba sales volumes

 

 

 

 

 

 

 

 

 

 

RSA export iron ore

8,729,700

9,376,100

10,509,300

9,846,500

11,732,600

(7)%

(26)%

18,105,800

23,204,200

(22)%

RSA domestic iron ore

936,000

1,167,700

533,500

960,700

1,348,000

(20)%

(31)%

2,103,700

2,782,600

(24)%

Minas-Rio production

 

 

 

 

 

 

 

 

 

 

Pellet feed (wet basis)

3,483,800

3,349,400

3,252,500

2,918,800

1,826,200

4%

91%

6,833,200

3,002,900

128%

Minas-Rio sales volumes

 

 

 

 

 

 

 

 

 

 

Export - pellet feed (wet basis)

3,223,900

3,714,400

3,035,000

2,793,900

1,344,400

(13)%

140%

6,938,300

2,638,700

163%

Samancor

 

 

 

 

 

 

 

 

 

 

Manganese ore(13)

791,300

775,900

596,000

923,200

805,700

2%

(2)%

1,567,200

1,567,800

0%

Manganese alloys(13)(14)

29,700

32,100

43,500

43,700

53,600

(7)%

(45)%

61,800

126,200

(51)%

Samancor sales volumes

 

 

 

 

 

 

 

 

 

 

Manganese ore

833,500

870,900

720,200

813,900

720,700

(4)%

16%

1,704,400

1,552,400

10%

Manganese alloys

46,400

42,800

42,000

42,400

55,300

8%

(16)%

89,200

118,900

(25%)

 

 

 

 

Coal (tonnes)

Q2 2016

Q1 2016

Q4 2015

Q3 2015

Q2 2015

Q2 2016

vs.

Q1 2016

Q2 2016

vs.

Q2 2015

H1

2016

H1

2015

H1 2016 vs.

H1 2015

Australia

 

 

 

 

 

 

 

 

 

 

Metallurgical - Export Coking

3,997,500

3,378,900

4,302,100

4,115,000

3,743,800

18%

7%

7,376,400

7,490,700

(2)%

Metallurgical - Export PCI

1,485,800

1,147,200

1,182,200

1,360,500

1,508,800

30%

(2)%

2,633,000

2,757,600

(5)%

 

5,483,300

4,526,100

5,484,300

5,475,500

5,252,600

21%

4%

10,009,400

10,248,300

(2)%

Thermal - Export

1,107,000

1,065,900

1,154,300

1,366,400

1,326,600

4%

(17)%

2,172,900

2,759,800

(21)%

Thermal - Domestic

1,716,700

1,492,900

1,978,800

1,800,500

1,622,400

15%

6%

3,209,600

3,272,300

(2)%

 

2,823,700

2,558,800

3,133,100

3,166,900

2,949,000

10%

(4)%

5,382,500

6,032,100

(11)%

South Africa

 

 

 

 

 

 

 

 

 

 

Thermal - Export

4,655,800

3,976,000

3,878,000

4,887,200

   4,296,700

17%

8%

8,631,900

  8,638,400

0%

Thermal - Domestic (Eskom)

6,708,700

6,392,000

5,533,500

6,763,000

   6,774,000

5%

(1)%

13,100,700

13,724,700

(5)%

Thermal - Domestic

(Non-Eskom)

1,824,300

1,803,800

1,821,500

1,730,400

   1,590,000

1%

15%

3,628,100

  3,292,000

10%

 

13,188,800

12,171,800

11,233,000

13,380,600

 12,660,700

8%

4%

25,360,700

 25,655,100

(1)%

Colombia

 

 

 

 

 

 

 

 

 

 

Thermal - Export

2,329,500

2,610,000

2,628,100

2,526,800

2,944,400

(11)%

(21)%

4,939,500

5,919,400

(17)%

Total Metallurgical coal production

5,483,300

4,526,100

5,484,300

5,475,500

5,252,600

21%

4%

10,009,400

10,248,300

(2)%

Total Export Thermal coal production

8,092,300

7,651,900

7,660,400

8,780,400

8,567,700

6%

(6)%

15,744,300

17,317,600

(9)%

Total Domestic Thermal coal production

10,249,700

9,688,700

9,333,800

10,293,900

9,986,400

6%

3%

19,938,400

20,289,000

(2)%

Total Coal production

23,825,300

21,866,700

22,478,500

24,549,800

23,806,700

9%

0%

45,692,100

47,854,900

(4)%

Sales volumes (own mined)

 

 

 

 

 

 

 

 

 

 

Australia

 

 

 

 

 

 

 

 

 

 

Metallurgical - Export(15)

5,403,200

4,815,800

5,396,000

5,480,900

5,103,100

12%

6%

10,219,000

10,216,500

0%

Thermal - Export

1,151,900

1,173,000

1,341,700

1,638,600

1,505,800

(2)%

(24)%

2,324,800

2,924,000

(20)%

Thermal - Domestic

1,653,400

1,506,800

1,915,800

1,871,900

1,670,500

10%

(1)%

3,160,200

3,261,500

(3)%

South Africa

 

 

 

 

 

 

 

 

 

 

Thermal - Export

4,744,000

4,343,200

5,188,700

4,568,600

4,967,400

9%

(4)%

9,087,200

 10,162,600

(11)%

Thermal - Domestic

8,187,200

7,828,600

6,763,300

7,977,800

8,203,900

5%

0%

16,015,700

 16,950,500

(6)%

Colombia

 

 

 

 

 

 

 

 

 

 

    Thermal - Export

2,843,800

2,339,000

2,565,100

2,853,400

2,765,700

22%

3%

5,182,800

5,770,800

(10)%

 

 

 

Coal by mine (tonnes)

Q2 2016

Q1 2016

Q4 2015

Q3 2015

Q2 2015

Q2 2016

vs.

Q1 2016

Q2 2016

vs.

Q2 2015

H1

2016

H1

2015

H1 2016 vs.

H1 2015

 

Australia

 

 

 

 

 

 

 

 

 

 

Callide

1,805,300

1,748,200

2,295,200

1,988,900

1,789,300

3%

1%

3,553,400

3,646,300

(3)%

Capcoal

(incl. Grasstree)

2,205,400

1,760,000

2,283,800

2,353,300

1,793,500

25%

23%

3,965,400

4,052,600

(2)%

Dawson

1,143,800

1,006,000

1,025,800

1,249,400

1,375,500

14%

(17)%

2,149,800

2,039,300

5%

Drayton

418,200

349,900

351,300

600,400

462,800

20%

(10)%

768,200

1,170,300

(34)%

Foxleigh

566,000

434,500

376,300

494,800

511,200

30%

11%

1,000,500

989,500

1%

Grosvenor

331,200

203,000

179,100

147,300

121,800

63%

172%

534,100

173,400

208%

Jellinbah

821,600

758,400

872,700

798,400

766,400

8%

7%

1,580,000

1,530,300

3%

Moranbah North

1,015,500

824,900

1,233,200

1,009,900

1,381,100

23%

(26)%

1,840,500

2,678,700

(31)%

 

8,307,000

7,084,900

8,617,400

8,642,400

8,201,600

17%

1%

15,391,900

16,280,400

(5)%

South Africa

 

 

 

 

 

 

 

 

 

 

Goedehoop

1,266,600

1,001,300

896,000

1,151,200

  1,106,100

26%

15%

2,267,900

   2,239,900

1%

Greenside

990,700

806,300

897,200

 1,059,600

      992,300

23%

0%

1,797,000

   1,919,800

(6)%

Zibulo

1,638,600

1,390,000

1,306,400

 1,592,500

   1,385,000

18%

18%

3,028,600

   2,666,100

14%

Kleinkopje

757,100

966,400

824,900

 895,200

      572,000

(22)%

32%

1,723,500

   1,432,300

20%

Landau

1,091,900

1,003,200

1,079,200

 1,144,600

   1,065,000

9%

3%

2,095,100

   2,044,900

2%

Mafube

438,500

379,100

366,500

 370,100

      344,500

16%

27%

817,600

      706,000

16%

New Vaal

4,027,700

3,521,800

2,811,500

 3,576,700

   4,211,200

14%

(4)%

7,549,500

   7,759,800

(3)%

New Denmark

392,600

604,300

643,000

 881,600

      441,100

(35)%

(11)%

996,900

   1,313,700

(24)%

Kriel

1,503,300

1,339,800

1,185,900

 1,613,000

   1,546,000

12%

(3)%

2,843,200

   3,359,300

(15)%

Isibonelo

1,081,800

1,159,600

1,222,400

 1,096,100

      997,500

(7)%

8%

2,241,400

   2,213,300

1%

 

13,188,800

12,171,800

11,233,000

 13,380,600

12,660,700

8%

4%

25,360,700

25,655,100

(1)%

Colombia

 

 

 

 

 

 

 

 

 

 

Carbones del Cerrejón

2,329,500

2,610,000

2,628,100

2,526,800

2,944,400

(11)%

(21)%

4,939,500

5,919,400

(17)%

Total Coal production

23,825,300

21,866,700

22,478,500

24,549,800

23,806,700

9%

0%

45,692,100

47,854,900

(5)%

 

 

(1)         Number of Sights (sales cycles) in each quarter as follows: Q2 2016: 3; Q1 2016: 2; Q4 2015: 3; Q3 2015: 2; Q2 2015: 2; Q1 2015: 3

(2)         Copper and nickel refined through third parties is now shown as production of copper matte and nickel matte

(3)         Includes third party purchases and Twickenham

(4)         4E: the grade measured as the combined content of the four most valuable precious metals: platinum, palladium, rhodium and gold

(5)         Excludes Anglo American Platinum's copper production

(6)         ASCu = acid soluble copper

(7)         TCu = total copper

(8)         Anglo American's share of Collahuasi production is 44%

(9)         Anglo American ownership interest of Anglo American Sur is 50.1%. Production is stated at 100% as Anglo American consolidates Anglo American Sur

(10)       Difference between total copper production and attributable copper production arises from Anglo American's 44% interest in Collahuasi

(11)       Relates to sales of copper not produce by Anglo American operations

(12)       Excludes Anglo American Platinum's nickel production

(13)       Saleable production

(14)       Production includes medium carbon ferro-manganese

(15)       Includes both hard coking coal and PCI sales volumes

 

 

 ACHIEVED PRICES SUMMARY

 

 

Average achieved prices

 

H1 2016 

 

H2 2015 

H1 2015 

FY 2015 

H1 2016
vs.
H2 2015
 

 

 

H1 2016
vs.
H1 2015
 

 

 

De Beers

 

 

 

 

 

 

Total sales volumes - carats (100%) (Mct)

18.3

6.6

14.0

20.6

177%

31%

Total consolidated sales volumes - carats (Mct)

17.2

6.6

13.3

19.9

161%

29%

Consolidated average realised       price ($/ct)(1)

177

209

206

207

(15)%

(14)%

De Beers index price (2)

117

127

139

135

(8)%

(16)%

PGMs

 

 

 

 

 

 

Platinum (US$/oz)

971

955

1,160

1,051

2%

(16)%

Palladium (US$/oz)

551

631

 779

703

(13)%

(29)%

Rhodium (US$/oz)

679

786

1,133

958

(14)%

(40)%

Basket price (US$/oz)

1,632

1,682

 2,157

1,905

(3)%

(24)%

Basket price (ZAR/oz)

25,100

22,837

25,748

24,203

10%

(3)%

Copper (USc/lb)

215

203

253

228

6%

(15)%

Nickel (USc/lb)

387

415

578

498

(7)%

(33)%

Iron Ore - FOB prices

 

 

 

 

 

 

Kumba Export (US$/dmt)(3)

55

46

61

54

20%

(10)%

Minas-Rio (US$/wmt)(4)

44

37

50

41

19%

(12)%

Coal

 

 

 

 

 

 

Australia and Canada

 

 

 

 

 

 

Metallurgical - Export (U$/t)(5)

77

81

100

90

(5)%

(23)%

Thermal - Export (U$/t)

47

50

61

55

(6)%

(23)%

Thermal - Domestic (U$/t, FOR)

24

28

29

28

(14)%

(17)%

South Africa

 

 

 

 

 

 

Thermal - Export (U$/t)(6)

50

51

60

55

(2)%

(17)%

Thermal - Domestic (U$/t, FOR)

16

20

18

19

(20)%

(11)%

Colombia

 

 

 

 

 

 

Thermal - Export (U$/t)

47

52

58

55

(10)%

(19)%

(1)       Pricing for the mining business units based on 100% selling value post-aggregation.

(2)       Average of the De Beers index price for the Sights within the six month period. De Beers index price relative to 100 as at December 2006.

(3)       Average realised export basket price (FOB Saldanha).

(4)       Average realised export basket price (FOB Açu) (wet basis).

(5)       Weighted average metallurgical coal sales price achieved.

(6)       Weighted average export thermal coal price achieved.

 

 

 

 

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

james.wyatt-tilby@angloamerican.com

Tel: +44 (0)20 7968 8759

 

Marcelo Esquivel

marcelo.esquivel@angloamerican.com

Tel: +44 (0)20 7968 8891

 

 

UK

Paul Galloway

paul.galloway@angloamerican.com

Tel: +44 (0)20 7968 8718

 

Ed Kite

edward.kite@angloamerican.com

Tel: +44 (0)20 7968 2178

South Africa

Pranill Ramchander

pranill.ramchander@angloamerican.com

Tel: +27 (0)11 638 2592

 

Ann Farndell

ann.farndell@angloamerican.com

Tel: +27 (0)11 638 2786

 

Sheena Jethwa

sheena.jethwa@angloamerican.com

Tel: +44 (0)20 7968 8680

 

 

 

Notes to editors:

 

Anglo American is a globally diversified mining business. Our portfolio of world-class competitive mining operations and undeveloped resources provides the raw materials to meet the growing consumer-driven demands of the world's developed and maturing economies. Our people are at the heart of our business. It is our people who use the latest technologies to find new resources, plan and build our mines and who mine, process and move and market our products - from diamonds (through De Beers) to platinum and other precious metals and copper - to our customers around the world.

 

As a responsible miner, we are the custodians of those precious resources. We work together with our key partners and stakeholders to unlock the long-term value that those resources represent for our shareholders, but also for the communities and countries in which we operate - creating sustainable value and making a real difference.

 

www.angloamerican.com

 

     

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLSFFFWUFMSEFW
UK 100

Latest directors dealings