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Anglo American PLC (AAL)

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Thursday 22 October, 2015

Anglo American PLC

Q3 2015 Production Report

RNS Number : 0390D
Anglo American PLC
22 October 2015
 



22 October 2015

 

Anglo American plc

Production Report for the third quarter ended 30 September 2015

 

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

 

http://www.rns-pdf.londonstockexchange.com/rns/0390D_-2015-10-21.pdf

 

Overview

 

Q3 2015

Q3 2014

% vs. Q3 2014

YTD 2015

YTD 2014

% vs. YTD 2014

Iron ore - Kumba (Mt)

11.4

13.0

(12)%

33.9

35.8

(5)%

Iron ore - Minas-Rio (Mt)(1)

2.9

-

nm

5.9

-

nm

Export metallurgical coal (Mt)

5.5

5.1

8%

15.7

16.0

(2)%

Export thermal coal (Mt)

8.8

9.0

(2)%

26.1

25.0

5%

Copper (t)(3) (4)

171,100

176,900

(3)%

527,400

573,300

(8)%

Nickel (t)(5)

6,800

10,700

(36)%

19,800

30,500

(35)%

Platinum (produced ounces) (koz)(6)

614

541

14%

1,739

1,267

37%

Diamonds (Mct)(7)

6.0

8.2

(27)%

21.6

24.2

(11)%

 

·       Q3 2015 production increased by 2% (on a copper equivalent basis) compared to Q3 2014 and by 3% compared to Q2 2015.

·       Iron ore production from Kumba decreased by 12% to 11.4 million tonnes due to a temporary lack of sufficient exposed high quality ore for blending purposes at Sishen and adjustments to the mine plan and schedule as it transitions to the lower cost pit configuration.

·       Minas-Rio produced 2.9 million tonnes (wet basis) of iron ore, a 60% increase compared to Q2 2015, reflecting the ongoing ramp up of the operation.

·       Export metallurgical coal production increased by 8% to 5.5 million tonnes, driven by productivity improvements at Grasstree, which more than offset the loss of production from Peace River Coal being placed on care and maintenance in December 2014.

·       Export thermal coal production was broadly flat at 8.8 million tonnes, with higher production at Cerrejón offsetting lower production from South Africa.

·       Copper production from retained operations increased by 1%, while total production decreased by 3% to 171,100 tonnes as a result of the sale of the Norte assets, effective for reporting from 1 September.

·       Nickel production decreased by 36% to 6,800 tonnes due to the planned Barro Alto furnace rebuilds. Both furnace rebuilds are now complete, ahead of schedule and below budgeted cost, with Furnace 2 operating at design capacity and Furnace 1 currently being ramped up.

·       Platinum production (expressed as metal in concentrate)(6) increased by 14% to 614,300 ounces due to Rustenburg, Amandelbult and Union mines ramping up to normal production levels during the comparable period in 2014 following the strike.

·       Diamond production decreased by 27% to 6.0 million carats, following the decision to reduce production to better reflect current trading conditions.

 

(1) Wet basis; (2) Not meaningful (nm); (3) Copper production from the Copper business unit; (4) Copper production shown on a contained metal basis; (5) Nickel production from the Nickel business unit; (6) 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; (7) De Beers production on 100% basis.



IRON ORE AND MANGANESE

 

Iron Ore and Manganese

Q3

 2015

Q3

2014

Q3 2015

vs.

Q3 2014

Q2

2015

Q3 2015

vs.

Q2 2015

YTD

2015

YTD

2014

YTD 2015 vs.  

YTD2014

Iron ore - Kumba

000t

11,391

12,972

(12)%

10,385

10%

33,943

35,765

(5)%

Iron ore - Minas-Rio(1)

000t

2,919

-

nm

1,826

60%

5,922

-

nm

Manganese ore(2)

000t

923

866

7%

806

15%

2,516

2,427

3%

Manganese alloys(3)

000t

44

68

(36)%

54

(18)%

170

206

(17)%

(1)  Wet basis

(2)  Saleable production

(3)  Production includes medium carbon ferro-manganese

 

Kumba Iron Ore - Production from Kumba Iron Ore decreased by 12% to 11.4 million tonnes.

 

Sishen produced 7.7 million tonnes, a decrease of 17% due to a temporary lack of sufficient exposed high quality ore for blending purposes and adjustments to the mine plan and schedule as it transitions to the lower cost pit configuration.

 

At Kolomela, revised mining plans were implemented, including deferral of mining at one of three pits.  Efficiencies and throughput at the plant continued to improve, resulting in production of 3.3 million tonnes for the quarter.

 

Export sales of 9.8 million tonnes were achieved, an increase of 9%, due to improved rail and port operating performance.  Total finished product stocks were 4.7 million tonnes, compared with 6.5 million tonnes at 30 September 2014.

 

Production guidance

While further operational improvement is expected in Q4, Sishen production for 2015 is revised to ~31 million tonnes (previous guidance of 33 million tonnes). Waste mining activities are currently at ~230 million tonnes and are expected to be maintained at this level for the remainder of 2015 and 2016 to ensure adequate volumes of high quality ore are exposed (previous guidance ~200 million tonnes).

 

Kolomela production for the year has been revised upwards to ~12 million tonnes (previous guidance of 11 million tonnes) and, in order to ensure feed to the plants at this rate going forward, waste mining has been increased to 44-45 million tonnes (previous guidance of 35-38 million tonnes).

 

Overall production guidance at Kumba for 2015 is revised to ~43 million tonnes (previous guidance ~44 million tonnes).

 

Iron Ore Brazil - Minas-Rio's ramp up is continuing and gained further momentum during the third quarter, with 2.9 million tonnes (wet basis) produced, 60% higher than in Q2 2015. The mine, pipeline and filtration plant productivity rates are in line with plan, however Q3 production was marginally lower than expected due to water quality issues  (a result of ongoing drought conditions and the mix of ore mined which limits blending opportunities in the current shallow pit).

 

Production guidance

As a result, full year production guidance for Minas-Rio has been decreased to ~10 million tonnes (wet basis) from previous guidance of 11 to 14 million tonnes (wet basis). 

 

Manganese ore - Manganese ore production increased by 7% in Q3 2015, largely driven by the Australian operations. Ore production from South African operations was adjusted lower to meet decreased demand from Metalloys, where furnaces were shut in response to market conditions.

 

Manganese alloy - Manganese alloy production decreased by 36% with only one furnace in operation at Metalloys, due to market conditions, compared with full operation in Q3 2014.

 

COAL

 

Coal

Q3

2015

Q3

2014

Q3 2015

vs.

Q3 2014

Q2

2015

Q3 2015

vs.

Q2 2015

YTD

2015

YTD

2014

YTD 2015 vs.  

YTD 2014

Australia & Canada










Metallurgical - Export

000 t

5,476

5,090

8%

5,253

4%

15,724

15,974

(2)%

Thermal - Export

000 t

1,366

1,575

(13)%

1,327

3%

4,126

3,302

25%

Thermal - Domestic

000 t

1,800

2,074

(13)%

1,622

11%

5,073

5,148

(1)%

South Africa










Thermal - Export

000 t

4,887

5,008

(2)%

4,297

14%

13,526

13,430

1%

Thermal - Domestic (Eskom)

000 t

6,763

8,000

(15)%

6,774

0%

20,488

23,554

(13)%

Thermal - Domestic (Non-Eskom)

000 t

1,730

1,863

(7)%

1,590

9%

5,022

4,834

4%

Colombia










Thermal - Export

000 t

2,527

2,369

7%

2,944

(14)%

8,446

8,225

3%

 

 

Australia and Canada - Export metallurgical coal production increased by 8% to 5.5 million tonnes due to record production from Capcoal's underground Grasstree operation and development coal delivered from Grosvenor, which more than offset the effect of Peace River Coal being placed on care and maintenance in December 2014 (Q3 2014 production of 0.4 million tonnes) and an extended longwall move at Moranbah in Q3 to rectify equipment design issues. 

 

Australian export thermal coal production decreased by 13% to 1.4 million tonnes due to expected lower production from Drayton as the mine nears the end of its life. 

 

South Africa - Export thermal coal production reduced by 2% to 4.9 million tonnes. Lower production at Mafube, as the operation transitioned into new reserves, and the planned closure of one section at Goedehoep was partly offset by productivity improvements across all operations, notably at Zibulo (+10%) and Greenside (+6%).

 

Eskom production decreased by 15% to 6.8 million tonnes predominantly due to reduced demand from Eskom.

 

Domestic thermal (Non-Eskom) production reduced by 7% to 1.7 million tonnes due to a safety related stoppage at Isibonelo.

 

Colombia - Cerrejón's production increased by 7% to 2.5 million tonnes, due to improved productivity and heavy rain in the comparable period in Q3 2014.

 

Production guidance

Full year production guidance remains unchanged at 20 to 21 million tonnes for export metallurgical coal and 28 to 30 million tonnes for export thermal coal from South Africa and Colombia.

 

  

COPPER

 

Copper

Q3

2015

Q3

2014

Q3 2015

vs.

Q3 2014

Q2

2015

Q3 2015

vs.

Q2 2015

YTD

2015

YTD

2014

YTD 2015 vs.  

YTD 2014

Copper(1)

t

171,100

176,900

(3%)

184,500

(7%)

527,400

573,300

(8%)

Copper  retained operations(2)

t

153,100

150,900

1%

156,700

(2%)

456,600

496,700

(8%)

 

(1)       Copper production shown on a contained metal basis

(2)       Anglo American Norte excluded for all periods

 

Copper - Copper production decreased by 3% to 171,100 tonnes, largely driven by the sale of the Norte assets, effective for reporting from 1 September 2015. Production from retained operations increased by 1%.

 

Production from Los Bronces increased by 3% to 98,600 tonnes.  Higher grade material was processed to offset water constraints during July and August.  High levels of plant throughput were achieved in September. The total year-to-date production impact of water constraints was ~18,000 tonnes, net of mitigating actions. Following high levels of precipitation during the latter part of Q3, no further water constraints are expected to impact production in 2015. 

 

At Collahuasi, attributable production decreased by 10% to 43,500 tonnes. This was primarily due to major maintenance on two of the three smaller SAG lines (together ~40% of capacity) to address previously reported vibration and structural issues. Plant operating times are expected to increase during Q4 2015, with no major maintenance shutdowns expected.

 

On 29 September 2015, Collahuasi announced an intention to focus solely on the higher margin sulphide production and to curtail the higher cost oxide production, with a gradual ramp-down beginning from 1 October 2015.

 

El Soldado production increased by 64% to 11,000 tonnes due to higher grade ore processed. 

 

Production guidance

Following the sale of the Norte assets (~37,000 tonnes impact) and the announced changes at Collahuasi (~3,000 tonnes impact at 44% share), full year production guidance is adjusted to 680,000 to 710,000 tonnes (previously 720,000 to 750,000 tonnes).

 

The annualised impact of the sale of the Norte assets is ~110,000 tonnes, whilst the annual impact of the curtailment of Collahuasi oxide production is ~10,000 tonnes (at 44% share).

 

 

NICKEL

 

Nickel

Q3

2015

Q3

2014

Q3 2015

vs.

Q3 2014

Q2

2015

Q3 2015

vs.

Q2 2015

YTD

2015

YTD

2014

YTD 2015 vs.  

YTD 2014

Nickel

t

6,800

10,700

(36)%

6,300

8%

19,800

30,500

(35)%

 

Nickel - Nickel production decreased by 36% to 6,800 tonnes, due to the planned furnace rebuilds at Barro Alto. The Furnace 2 rebuild was concluded ahead of schedule, with first metal tapped in April 2015 and is now producing at nameplate capacity. First metal was tapped following the Furnace 1 rebuild in September 2015, also ahead of schedule, and ramp up is under way with nameplate capacity expected to be achieved by the end of 2016. The overall furnace rebuild is now expected to be completed at below budgeted cost.

 

Production from Codemin decreased by 13% to 2,100 tonnes mainly due to differences in maintenance timing between years.

 

Production guidance

Full year production guidance has been revised upwards to 28,000 to 30,000 tonnes (previously 25,000 to 30,000 tonnes).

 

NIOBIUM

 

Niobium

Q3

2015

Q3

2014

Q3 2015

vs.

Q3 2014

Q2

2015

Q3 2015

vs.

Q2 2015

YTD

2015

YTD

2014

YTD 2015 vs.

YTD 2014

Niobium

t

1,800

1,200

50%

1,600

13%

4,700

3,400

38%

 

 

 

Niobium - Niobium production increased by 50% to 1,800 tonnes following the ramp up of the Boa Vista Fresh Rock (BVFR) plant. Production from installed capacity is expected to increase to 6,800 tonnes per year once the BVFR plant reaches nameplate capacity in mid-2016 (previously 2017).

 

 

PHOSPHATES

 

Phosphates

Q3

2015

Q3

2014

Q3 2015

vs.

Q3 2014

Q2

2015

Q3 2015

vs.

Q2 2015

YTD

2015

YTD

2014

YTD 2015

vs.  

YTD 2014

Phosphates










Concentrate

t

363,100

362,700

0%

 303,300

20%

985,700

1,060,100

(7)%

Phosphoric Acid

t

75,600

81,300

(7)%

62,400

21%

201,200

216,400

(7)%

Fertiliser

t

294,400

284,700

3%

274,200

7%

  807,400

827,600

(2)%

Dicalcium phosphate (DCP)

t

33,700

44,100

(24)%

38,700

(13)%

108,600

119,300

(9)%

 

 

Phosphates - Concentrate and fertiliser production was broadly in line with Q3 2014. Phosphoric acid production decreased by 7% to 75,600 tonnes mainly due to plant repairs at Cubatão and DCP production decreased by 24% as priority was given to phosphoric acid sales.

 

  

PLATINUM

 

Platinum


Q3

2015

Q3

2014

Q3 2015

vs.

Q3 2014

Q2

2015

Q3 2015

vs.

Q3 2015

YTD

2015

YTD

2014

YTD 2015 vs.  

YTD 2014

Refined









Platinum

000 oz

611

460

33%

561

9%

1,714

1,316

30%

Palladium

000 oz

391

316

23%

388

1%

1,127

868

30%

Rhodium

000 oz

78

48

60%

77

1%

220

158

39%

Copper - Refined

t

4,200

2,800

50%

4,000

5%

12,100

9,900

22%

Copper - Matte(1)

t

-

 1,300

(100)%

-

-

300

4,800

(94)%

Nickel - Refined

t

6,400

5,200

23%

6,000

7%

18,100

15,700

15%

Nickel - Matte(1)

t

-

1,800

(100)%

-

-

400

5,900

(93)%

Gold

000 oz

23

15

58%

30

 (24)%

84

67

25%

Produced ounces(2)










Platinum

000 oz

614

541

14%

581

6%

1,739

1,267

37%

 

(1)       Nickel and copper refined through third parties is shown as production of nickel matte and copper 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 - Platinum production increased by 14% to 614,300 ounces compared to 541,000 ounces in Q3 2014, where strike-affected mines were ramping up to normal production during the quarter. Production increased by 6% compared to Q2 2015 due to increased volumes, as the third quarter has the highest number of working days in the year.

 

Platinum production from own mines and tailings retreatment increased by 25% to 395,000 ounces due to the Rustenburg, Amandelbult and Union operations ramping up following the strike in the comparable period in Q3 2014. Lost production in Q3 2014 as a result of the ramp-up following the strike was approximately 92,000 ounces. In addition, as part of the on-going optimisation of Union mine, production decreased by 11,000 ounces in Q3 2015 following the closure of the mine declines at the end of 2014. 

 

Mogalakwena production increased by 2% to 90,000 ounces due to higher achieved head grade and improved recoveries at the concentrator. The mine was affected by community disruption during the quarter which led to a loss of production of 9,000 ounces. 

 

Rustenburg (including WLTR) increased platinum production from 101,000 ounces to 122,000 ounces; Union mine increased from 34,000 to 38,000 ounces; and Amandelbult increased from 75,000 to 126,000 ounces due to the mines ramping up to normal production in 2014 following the strike.

 

Independently managed production (mined and purchased) was broadly unchanged at 209,000 ounces.

 

Refined platinum production increased by 33% to 610,900 ounces, following a return to normal production after the industrial action and subsequent ramp up in Q3 2014. Refined palladium and rhodium increased for similar reasons. The mix of metals returned to normal compositions as all mines produced at normal rates.

 

Production guidance

Full year production guidance is unchanged at 2.3 to 2.4 million ounces.

 

 

DIAMONDS

 

Diamonds

(100% basis)

Q3

2015

Q3

2014

Q3 2015

vs.

Q3 2014

Q2

2015

Q3 2015

vs.

Q2 2015

YTD

2015

YTD

2014

YTD 2015 vs.

YTD 2014

Diamonds

000 carats

6,012

8,193

(27)%

7,963

(25)%

21,640

24,239

(11)%

 

De Beers - Diamond production decreased by 27% to 6.0 million carats, following the decision to reduce production to better reflect current trading conditions.

 

At Debswana, production decreased by 35% to 4.1 million carats as a result of planned maintenance being prioritised in light of current trading conditions at both Jwaneng and Orapa, whilst at Jwaneng there was also a focus on waste mining and the processing of lower grade material.

 

Production at DBCM (South Africa) decreased by 8% to 1.0 million carats, largely as a result of reduced throughput and processing lower grades at Venetia, again as a response to current trading conditions.

 

Production in Namibia increased by 4% due to higher volumes from the marine operations, partly as a result of increased availability of the Mafuta vessel. 

 

Production in Canada increased by 11%, due principally to improved grades at Snap Lake.

 

 

Production guidance

Full year production guidance is now ~29 million carats (previously 29 to 31 million carats), subject to trading conditions.

 

 

 

 

EXPLORATION AND EVALUATION

 

Exploration and Evaluation expenditure totalled $70 million, a decrease of 34% compared to Q3 2014.  Exploration expenditure for the quarter was $32 million, a decrease of 26%. Evaluation expenditure for the quarter was $38 million, a decrease of 40%, primarily in relation to iron ore.

 

 

NOTE

 

This Production Report for the third quarter ended 30 September 2015 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.

 

Iron ore (tonnes)

Q3 2015

Q2 2015

Q1 2015

Q4 2014

Q3 2014

Q3 2015

vs.

Q2 2015

Q3 2015

vs.

Q3 2014

YTD

2015

YTD

2014

H1 2015 vs.

H1 2014

Kumba Iron Ore











Lump

7,322,300

6,761,800

7,889,900

8,048,000

8,235,700

8%

(11)%

21,974,100

23,220,800

(5)%

Fines

4,068,600

3,622,900

4,277,500

4,383,600

4,736,400

12%

(14)%

11,968,900

12,544,100

(5)%

Total Kumba production

11,390,900

10,384,700

12,167,400

12,431,600

12,972,100

10%

(12)%

33,943,000

35,764,900

(5)%

Sishen

7,669,800

7,176,200

8,885,500

9,286,300

9,260,200

7%

(17)%

23,731,600

26,254,300

(10)%

Kolomela

3,347,800

2,880,300

2,972,500

2,727,800

3,379,000

16%

(1)%

9,200,600

8,840,300

4%

Thabazimbi

373,300

328,200

309,400

417,500

332,900

14%

12%

1,010,800

670,300

51%

Total Kumba production

11,390,900

10,384,700

12,167,400

12,431,600

12,972,100

10%

(12)%

33,943,000

35,764,900

(5)%

Kumba sales volumes











RSA export iron ore

9,846,500

11,732,600

11,471,600

11,699,000

9,058,800

(16)%

9%

33,050,700

28,768,700

15%

RSA domestic iron ore

960,700

1,348,000

1,434,600

901,800

1,129,200

(29)%

(15)%

3,743,300

3,918,000

(4)%

Minas-Rio











Pellet feed (wet basis)

2,918,800

1,826,200

1,176,700

687,700

-

60%

nm

5,921,700

-

nm

Minas-Rio sales volumes











Export - pellet feed (wet basis)

2,793,900

1,344,400

1,294,300

239,600

-

108%

nm

5,432,600

-

nm

Samancor











Manganese ore(1)

923,200

805,700

786,700

882,100

866,000

15%

7%

2,515,600

2,426,500

3%

Manganese alloys(1)(2)

43,700

53,600

72,800

80,400

    68,400

(18)%

(36)%

170,100

205,700

(17)%

Samancor sales volumes











Manganese ore

813,900

720,700

829,900

841,100

853,000

13%

(5)%

2,364,500

2,541,000

(7)%

Manganese alloys

42,400

55,300

63,600

72,800

       68,400

(23)%

(38)%

178,800

222,000

(19)%

 

 



 

 

Coal (tonnes)

Q3 2015

Q2 2015

Q1 2015

Q4 2014

Q3 2014

Q3 2015

vs.

Q2 2015

Q3 2015

vs.

Q3 2014

YTD

2015

YTD

2014

YTD 2015 vs.

YTD 2014

Australia











Metallurgical - Export Coking

4,115,000

3,743,800

3,746,900

3,364,400

3,196,200

10%

29%

11,605,700

10,077,900

15%

Metallurgical - Export PCI

1,360,500

1,508,800

1,248,800

1,395,800

1,493,900

(10)%

(9)%

4,118,000

4,595,000

(10)%


5,475,500

5,252,600

4,995,700

4,760,200

4,690,100

4%

17%

15,723,800

14,672,900

7%

Thermal - Export

1,366,400

1,326,600

1,433,200

1,871,600

1,574,600

3%

(13)%

4,126,200

3,302,300

25%

Thermal - Domestic

1,800,500

1,622,400

1,649,900

1,966,300

2,074,400

11%

(13)%

5,072,800

5,148,300

(1)%


3,166,900

2,949,000

3,083,100

3,837,900

3,649,000

7%

(13)%

9,199,000

8,450,600

9%

Canada











Metallurgical - Export Coking

-

-

-

160,200

385,000

0%

nm

-

1,233,400

(100)%

Metallurgical - Export PCI

-

-

-

11,200

15,000

0%

nm

-

67,800

(100)%


-

-

-

171,400

400,000

0%

nm

-

1,301,200

(100)%

South Africa











Thermal - Export

4,887,200

   4,296,700

4,341,700    

4,782,800

5,007,600     

14%

(2)%

13,525,600

      13,430,400

1%

Thermal - Domestic (Eskom)

6,763,000

   6,774,000

6,950,700

7,434,600

8,000,200  

(0)%

(15)%

20,487,700

      23,553,900

(13)%

Thermal - Domestic

(Non-Eskom)

1,730,400

   1,590,000

  1,702,000

1,761,400

  1,862,800

9%

(7)%

5,022,400

        4,833,500

4%


13,380,600

 12,660,700

12,994,400

13,978,800

14,870,600

6%

(10)%

39,035,700

41,817,800

(7)%

Colombia











Thermal - Export

2,526,800

2,944,400

2,975,000

3,002,300

2,368,800

(14)%

7%

8,446,200

8,224,700

3%

Total Metallurgical coal production

5,475,400

5,252,600

4,995,700

4,931,600

5,090,100

4%

8%

15,723,800

15,974,100

(2)%

Total Export Thermal coal production

8,780,400

8,567,700

8,749,900

9,656,700

8,951,000

2%

(2)%

26,098,000

24,957,400

5%

Total Domestic Thermal coal production

10,293,900

9,986,400

10,302,600

11,162,300

11,937,400

3%

(14)%

30,582,900

33,535,700

(9)%

Total Coal production

24,549,800

23,806,700

24,048,200

25,750,600

25,978,500

3%

(5)%

72,404,700

74,467,200

(3)%

Sales volumes (own mined)











Australia and Canada











Metallurgical - Export(4)

5,480,900

5,103,100

5,113,400

5,025,600

5,003,800

7%

10%

15,697,400

15,542,600

1%

Thermal - Export

1,638,600

1,505,800

1,418,200

2,345,400

1,703,800

9%

(4)%

4,562,500

3,620,800

26%

Thermal - Domestic

1,871,900

1,670,500

1,591,000

1,989,400

2,102,300

12%

(11)%

5,133,400

5,303,700

(3)%

South Africa











Thermal - Export

4,568,600

4,967,400

5,195,200      

5,139,300

4,473,700

(8)%

2%

 14,731,100

12,433,500

18%

Thermal - Domestic

7,977,783

8,203,900

8,746,600

8,770,400

9,690,900

(3)%

(18)%

 24,928,300

      28,447,000

(12)%

Colombia











    Thermal - Export

2,853,400

2,765,700

3,005,100

2,732,000

3,076,800

3%

(7)%

8,624,200

8,582,100

0%

 

           

 

  

 

Coal by mine (tonnes)

Q3 2015

Q2 2015

Q1 2015

Q4 2014

Q3 2014

Q3 2015

vs.

Q2 2015

Q3 2015

vs.

Q3 2014

YTD

2015

YTD

2014

YTD 2015 vs.

YTD 2014

 

Australia











Callide

1,988,900

1,789,300

1,857,000

2,164,700

2,318,500

11%

(14)%

5,635,200

5,392,300

5%

Capcoal

(incl. Grasstree)

2,353,300

1,793,500

2,259,100

2,074,300

1,816,300

31%

30%

6,405,900

5,568,500

15%

Dawson

1,249,400

1,375,500

663,800

1,074,800

1,041,400

(9)%

20%

3,288,700

3,165,400

4%

Drayton

600,400

462,800

707,500

920,200

817,000

30%

(27)%

1,770,700

2,184,600

(19)%

Foxleigh

494,800

511,200

478,300

579,200

551,200

(3)%

(10)%

1,484,300

1,455,300

2%

Grosvenor

147,300

121,800

51,600

-

-

21%

0%

320,700

-

0%

Jellinbah

798,400

766,400

763,900

757,100

732,800

4%

9%

2,328,700

2,166,600

7%

Moranbah North

1,009,900

1,381,100

1,297,600

1,027,800

1,061,900

(27)%

(5)%

3,688,600

3,190,800

16%


8,642,400

8,201,600

8,078,800

8,598,100

8,339,100

5%

4%

24,922,800

23,123,500

8%

Canada











Peace River Coal

-

-

-

171,400

400,000

0%

(100)%

-

1,301,200

(100)%


-

-

-

171,400

400,000

0%

(100)%

-

1,301,200

(100)%

South Africa











Goedehoop

1,151,200

  1,106,100

1,133,800

1,245,800

1,210,200

4%

(5)%

 3,391,100

        3,525,800

(4)%

Greenside

 1,059,600

      992,300

927,500

1,010,700

1,003,400

7%

6%

 2,979,400

        2,613,500

14%

Zibulo

 1,592,500

   1,385,000

1,281,100

1,367,900

1,450,000

15%

10%

 4,258,500

3,685,900       

16%

Kleinkopje

 895,200

      572,000

860,300

950,200

1,011,500

57%

(11)%

 2,327,500

        2,961,600

(21)%

Landau

 1,144,600

   1,065,000

979,900

1,208,800

1,195,900

7%

(4)%

 3,189,500

        2,969,600

7%

Mafube

 370,100

      344,500

361,500

414,700

525,400

7%

(30)%

 1,076,000

      1,260,700

(15)%

New Vaal

 3,576,700

   4,211,200

3,548,600

3,701,400

4,755,200

(15)%

(25)%

 11,336,600

12,971,500

(13)%

New Denmark

 881,600

      441,100

872,600

1,312,400

724,900

100%

22%

 2,195,300

2,455,500

(11)%

Kriel

 1,613,000

   1,546,000

1,813,300

1,462,400

1,614,000

4%

(0)%

 4,972,300

5,415,600

(8)%

Isibonelo

 1,096,100

      997,500

1,215,800

1,304,500

1,380,100

10%

(21)%

 3,309,500

3,958,100

(16)%


 13,380,600

12,660,700

12,994,400

13,978,800

14,870,600

6%

(10)%

 39,035,700

41,817,800

(7)%

Colombia











Carbones del Cerrejón

2,526,800

2,944,400

2,975,000

3,002,300

2,368,800

(14)%

7%

8,446,200

8,224,700

3%

Total Coal production

24,549,800

23,806,700

24,048,200

25,750,600

25,978,500

3%

(5)%

72,404,700

74,467,200

(3)%

 

 

 

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

Q3 2015

Q2 2015

Q1 2015

Q4 2014

Q3 2014

Q3 2015

vs.

Q2 2015

Q3 2015

vs.

Q3 2014

YTD

2015

YTD

2014

YTD 2015 vs.

YTD 2014

Collahuasi 100% basis (Anglo American share 44%)











Ore mined

18,879,300

20,130,700

18,094,700

15,594,200

16,442,500

(6)%

15%

57,104,700

50,251,100

14%

Ore processed - Oxide

1,484,900

1,835,700

1,333,300

1,552,300

1,744,800

(19)%

(15)%

4,653,900

5,105,200

(9)%

Ore processed - Sulphide

9,464,800

10,464,200

11,060,300

11,991,600

11,689,600

(10)%

(19)%

30,989,300

36,944,500

(16)%

Ore grade processed - Oxide

(% ASCu)(6)

0.63

0.60

0.69

0.68

0.78

6%

(19)%

0.63

0.74

(14)%

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

1.09

1.15

1.08

1.1

1.12

(5)%

(2)%

1.11

1.08

3%

Production - Copper cathode

6,000

6,600

6,500

9,100

6,200

(9)%

(3)%

19,100

15,900

20%

Production - Copper in concentrate

92,800

105,500

98,000

110,400

104,000

(12)%

(11)%

296,300

335,000

(12)%

Total copper production for Collahuasi

98,800

112,100

104,500

119,500

110,200

(12)%

(10)%

315,400

350,900

(10)%

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

43,500

49,300

46,000

52,600

48,500

(12)%

(10)%

138,800

154,400

(10)%

Anglo American Sur











Los Bronces mine(9)











Ore mined

10,112,600

13,345,700

13,548,000

15,655,600

14,215,400

(24)%

(29)%

37,006,300

42,010,600

(12)%

Marginal ore mined

7,733,600

10,929,100

8,916,800

8,993,400

7,012,900

(29)%

10%

27,579,500

17,242,700

60%

Ore processed - Sulphide

11,584,300

10,447,300

9,250,100

12,739,000

14,202,100

11%

(18)%

31,281,700

41,408,700

(24)%

Ore grade processed - Sulphide (% TCu)

0.87

0.98

1.07

0.75

0.71

(11)%

23%

0.97

0.79

23%

Production - Copper cathode

8,500

7,800

9,000

8,300

9,100

9%

(7)%

25,300

27,900

(9)%

 

Production - Copper in concentrate

90,100

89,600

85,700

78,900

86,600

1%

4%

265,400

289,400

(8)%

Production total

98,600

97,400

94,700

87,200

95,700

1%

3%

290,700

317,300

(8)%

El Soldado mine(9)











Ore mined

951,600

1,915,700

1,060,800

563,900

210,700

(50)%

352%

3,928,100

2,554,500

54%

Ore processed - Sulphide

1,441,800

1,752,100

1,214,000

1,762,700

1,806,600

(18)%

(20)%

4,407,900

5,440,900

(19)%

Ore grade processed - Sulphide (% TCu)

0.90

0.71

0.66

0.55

0.53

27%

70%

0.76

0.59

28%

Production - Copper cathode

0

0

200

400

300

nm

nm

200

800

(75)%

Production - Copper in concentrate

11,000

10,000

5,900

7,000

6,400

10%

72%

26,900

24,200

11%

Production total

11,000

10,000

6,100

7,400

6,700

10%

64%

27,100

25,000

8%

Chagres Smelter(9)











Ore smelted

39,900

36,200

37,100

28,900

33,300

10%

20%

113,200

103,200

10%

Production

38,900

35,300

36,000

28,300

32,300

10%

20%

110,200

100,200

10%

Total copper production for Anglo American Sur

109,600

107,400

100,800

94,600

102,400

2%

7%

317,800

342,300

(7)%

Anglo American Norte











Mantos Blancos mine











Ore processed  - Sulphide

718,400

1,043,300

1,073,800

1,059,300

1,156,100

(31)%

(38)%

2,835,500

3,343,100

(15)%

Ore grade processed - Sulphide (% TCu)

0.75

0.79

0.75

0.75

0.68

(5)%

10%

0.76

0.62

23%

Production - Copper cathode

5,000

8,500

6,900

7,300

6,500

(41)%

(23)%

20,400

19,400

5%

Production - Copper in concentrate

4,500

6,800

6,800

6,800

6,500

(34)%

(31)%

18,100

18,900

(4)%

Production total

9,500

15,300

13,700

14,100

13,000

(38)%

(27)%

38,500

38,300

1%

Mantoverde mine











Ore processed - Oxide

1,838,000

2,487,900

2,279,400

2,582,100

2,634,100

(26)%

(30)%

6,605,300

7,730,700

(15)%

Ore processed - Marginal ore

1,658,000

2,790,000

1,496,800

2,274,500

2,077,300

(41)%

(20)%

5,944,800

6,371,600

(7)%

Ore grade processed - Oxide (% ASCu)

0.51

0.54

0.51

0.49

0.47

(6)%

8%

0.52

0.48

8%

Ore grade processed - Marginal ore (% ASCu)

0.20

0.21

0.22

0.23

0.23

(3)%

(12)%

0.21

0.23

(9)%

Production - Copper cathode

8,500

12,500

11,300

13,500

13,000

(32)%

(35)%

32,300

38,300

(16)%

Total copper production for Anglo American Norte

18,000

27,800

25,000

27,600

26,000

(35)%

(31)%

70,800

76,600

(8)%

Total Copper segment copper production

226,400

247,300

230,300

241,700

238,600

(8)%

(5)%

704,000

769,800

(9)%

Total Attributable copper production(10)

171,100

184,500

171,800

174,800

176,900

(7)%

(3)%

527,400

573,300

(8)%

Total Attributable payable copper production

165,800

179,000

166,800

169,700

171,700

(7)%

(3)%

511,600

556,200

(8)%

Total Attributable sales volumes

178,400

179,400

164,800

187,400

179,300

(1)%

(1)%

522,600

567,700

(8)%

Total Attributable payable sales volumes

172,900

173,800

160,100

181,700

173,900

(1)%

(1)%

506,800

550,800

(8)%

 

Nickel (tonnes) unless otherwise stated (11)

Q3 2015

Q2 2015

Q1 2015

Q4 2014

Q3 2014

Q3 2015

vs.

Q2 2015

Q3 2015

vs.

Q3 2014

YTD

2015

YTD

2014

YTD 2015 vs.

YTD 2014

Barro Alto











Ore mined

1,351,700

903,300

235,300

400,500

1,019,300

50%

33%

2,490,400

2,109,900

18%

Ore processed

330,700

281,100

294,600

276,000

531,900

18%

(38)%

906,400

1,551,400

(42)%

Ore grade processed - %Ni

1,79

1,80

1.77

1.86

1.86

(1)%

(4)%

1,79

1.81

(1)%

Production

4,700

4,100

4,400

4,500

8,300

15%

(43)%

13,100

23,800

(45)%

Codemin











Ore mined

-

8,600

-

-

-

(100)%

-

8,600

6,800

26%

Ore processed

140,000

145,700

151,400

151,500

154,100

(4)%

(9)%

437,100

442,100

(1)%

Ore grade processed - %Ni

1,70

1.71

1.66

1.66

1.67

0%

2%

1,69

1.67

1%

Production

2,100

2,200

2,300

2,200

2,400

(5)%

(13)%

6,700

6,700

0%

Total Nickel segment nickel production

6,800

6,300

6,700

6,700

10,700

8%

(36)%

19,800

30,500

(35)%

Sales volumes

6,400

8,600

7,500

8,400

8,800

(26)%

(27)%

22,500

27,700

(19)%

 

Niobium (tonnes) unless otherwise stated

Q3 2015

Q2 2015

Q1 2015

Q4 2014

Q3 2014

Q3 2015

vs.

Q2 2015

Q3 2015

vs.

Q3 2014

Niobium











Ore mined

597,300

605,600

291,100

166,300

424,900

(1)%

41%

1,494,000

819,600

82%

Ore processed

578,400

570,400

501,800

377,700

237,900

1%

143%

1,650,600

706,300

134%

Ore grade processed - %Nb

0.93

0.93

0.96

1.05

1.08

0%

(14)%

0.94

1.04 

(10)%

Production

1,800

1,600

1,300

1,300

1,200

13%

50%

4,700

3,400

38%

Sales volumes

1,400

1,500

1,300

1,100

1,200

(7)%

17%

4,300

3,500

23%

 

 

Phosphates (tonnes) unless otherwise stated

Q3 2015

Q2 2015

Q1 2015

Q2 2014

Q3 2014

Q3 2015

vs.

Q2 2015

Q3 2015

vs.

Q3 2014

YTD

2015

YTD

2014

YTD 2015 vs.

YTD 2014

 Phosphates











Concentrate

363,100

303,300

319,300

355,600

362,700

20%

0%

985,700

1,060,100

(7%)

Concentrate grade - %P2O5

36.8

36.9

36.9

36.8

37.3

(0%)

(1%)

36.8

37.1

(1%)

Phosphoric acid

75,600

62,400

63,200

78,600

81,300

21%

(7%)

201,200

216,400

(7%)

Fertiliser

294,400

274,200

238,800

284,900

284,700

7%

3%

807,400

827,600

(2%)

High analysis fertiliser

42,400

56,100

37,500

50,200

60,200

(24%)

(30%)

136,000

134,500

1%

Low analysis fertiliser

252,000

218,100

201,200

234,600

224,500

16%

12%

671,300

693,100

(3%)

Dicalcium phosphate (DCP)

33,700

38,700

36,200

44,800

44,100

(13%)

(24%)

108,600

119,300

(9%)

Fertiliser sales volumes

339,600

317,500

208,500

277,400

311,700

7%

9%

865,600

819,200

6%

 

 

Platinum

Q3 2015

Q2 2015

Q1 2015

Q4 2014

Q3 2014

Q3 2015

vs.

Q2 2015

Q3 2015

vs.

Q3 2014

YTD

2015

YTD

2014

YTD 2015 vs.

YTD 2014

Refined production











Platinum (troy oz)

610,900

560,600

542,400

573,700

460,000

9%

33%

1,713,900

1,315,800

30%

Palladium (troy oz)

390,700

387,700

348,100

357,700

316,400

1%

23%

1,126,500

867,700

30%

Rhodium (troy oz)

77,600

76,900

65,000

71,700

48,400

1%

60%

219,500

157,700

39%

Copper  refined (tonnes)(12)

4,200

4,000

3,900

2,600

2,800

5%

50%

12,100

9,900

22%

Copper  matte (tonnes)(12)

-

-

300

1,400

1,300

-

nm

300

4,800

(94)%

Nickel refined (tonnes)(12)

6,400

6,000

5,700

4,800

5,200

7%

23%

18,100

15,700

15%

Nickel matte (tonnes)(12)

-

-

400

1,800

      1,800

-

nm

400

5,900

(93)%

Gold (troy oz)

23,000

30,400

30,100

28,900

14,600

(24)%

58%

83,500

66,700

25%

Produced ounces











Platinum (troy oz)(13)

614,300

580,900

544,100

602,900

541,000

6%

14%

1,739,300

1,267,000

37%

4E built-up head grade (g/tonne milled)(14)

3.27

3.27

3.14

3.19

3.06

-

7%

3.23

2.92

11%

Platinum sales volumes

690,100

635,600

523,900

523,400

546,600

9%

26%

1,849,600

1,591,400

16%

 

 

 

De Beers

Q3 2015

Q2 2015

Q1 2015

Q4 2014

Q3 2014

Q3 2015

vs.

Q2 2015

Q3 2015

vs.

Q3 2014

YTD

2015

YTD

2014

YTD 2015 vs.

YTD 2014

Carats recovered











100% basis

Orapa

1,959,000

2,792,000

2,610,000

2,732,000

2,651,000

(30)%

(26)%

7,361,000

9,342,000

(21)%

Letlhakane

134,000

111,000

188,000

83,000

157,000

21%

(15)%

433,000

465,000

(7)%

Damtshaa

45,000

60,000

57,000

94,000

83,000

(25)%

(46)%

162,000

209,000

(22)%

Jwaneng

1,936,000

2,950,000

2,777,000

3,080,000

3,333,000

(34)%

(42)%

7,663,000

8,232,000

(7)%

Debswana

4,074,000

5,913,000

5,632,000

5,989,000

6,224,000

(31)%

(35)%

15,619,000

18,248,000

(14)%












Namdeb

148,000

131,000

96,000

121,000

156,000

13%

(5)%

375,000

492,000

(24)%

Debmarine Namibia

318,000

300,000

366,000

375,000

293,000

6%

9%

984,000

898,000

10%

Namdeb Holdings

466,000

431,000

462,000

496,000

449,000

8%

4%

1,359,000

1,390,000

(2)%












Kimberley

192,000

182,000

221,000

202,000

207,000

5%

(7)%

595,000

520,000

14%

Venetia

712,000

763,000

624,000

1,060,000

776,000

(7)%

(8)%

2,099,000

2,141,000

(2)%

Voorspoed

132,000

172,000

216,000

140,000

143,000

(23)%

(8)%

520,000

571,000

(9)%

DBCM

1,036,000

1,117,000

1,061,000

1,402,000

1,126,000

(7)%

(8)%

3,214,000

3,232,000

(1)%












Snap Lake

283,000

352,000

328,000

301,000

253,000

(20)%

12%

963,000

900,000

7%

Victor

153,000

150,000

182,000

178,000

141,000

2%

9%

485,000

469,000

3%

De Beers Canada

436,000

502,000

510,000

479,000

394,000

(13)%

11%

1,448,000

1,369,000

6%

Total carats recovered

6,012,000

7,963,000

7,665,000

8,366,000

8,193,000

(25)%

(27)%

21,640,000

24,239,000

(11)%

Sales volumes (15)











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

3.0

5.4

8.6

8.0

7.4

(44)%

(59)%

17.0

26.4

(36)%

Total consolidated sales volume - carats (Mct)

3.0

4.9

8.4

7.5

7.1

(39)%

(58)%

16.3

25.2

(35)%

 

 

(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 sales volumes

(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)            Excludes Anglo American Platinum's nickel production

(12)            Nickel and copper refined through third parties is now shown as production of nickel matte and copper matte.

(13)            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.

(14)            4E: the grade measured as the combined content of the four most valuable precious metals: platinum, palladium, rhodium and gold

(15)            Number of Sights (sales cycles) in each quarter as follows:  Q3 2015: 2; Q2 2015: 2; Q1 2015: 3; Q4 2014: 3; Q3 2014: 2

 

 

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: +44 (0)20 7968 8759

 

UK

Paul Galloway

Tel: +44 (0)20 7968 8718

 

South Africa

Pranill Ramchander

Tel: +27 (0)11 638 2592

 

Shamiela Letsoalo

Tel: +27 (0)11 638 3112

 

 

Edward Kite

Tel: +44 (0)20 7968 2178

 

Caroline Crampton

Tel: + 44 (0)20 7968 2192

 

 

 

 

Notes to editors:

Anglo American is a global and diversified mining business that provides the raw materials essential for economic development and modern life. 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 bulk commodities and base metals to precious metals and diamonds (through De Beers) - to our customers around the world. Our diversified portfolio of products spans the economic development cycle and, as a responsible miner, we are the custodians of 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. Our mining operations, growth projects and exploration and marketing activities extend across 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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