Anglo American, the diversified mining group, reported a 5% increase in copper production in the third quarter, thanks to new operating procedures at a key mine.
- At De Beers, stable trading conditions supported an increase in rough diamond production, driven principally by Debswana, and the ramp-up of Gahcho Kué
- Copper production increased by 5% to 147,300 tonnes, reflecting strong mine extraction and higher associated grades
- Production guidance for Platinum has been lowered to 2.30 - 2.35 million ounces following the closure of unprofitable production at Bokoni, which was placed on care and maintenance in the quarter
- Production guidance at Kumba Iron Ore has been further increased to 42 - 44 million tonnes following the continuation of strong productivity performance at Sishen
- Metallurgical coal production increased by 8% as Grosvenor delivered strong production through successful management of geological challenges and completion of its first longwall panel
- Thermal coal production decreased by 15% due to operating challenges at Khwezela, a 100-hour safety stoppage across all the South African coal operations in August and weather-related stoppages at Cerrejón
Mark Cutifani, Anglo American Chief Executive, said: "We have delivered another strong production performance across our business. Grosvenor production has materially stepped-up as the new operating procedures have been implemented, while Gahcho Kué and Minas-Rio continue to make positive contributions.
"We have further increased production guidance at Kumba Iron Ore as we continue to improve our broader productivity performance. In Platinum, we have taken necessary steps to remove unprofitable ounces from production as we focus on value over volume."
Anglo American shares were up 0.4% to £14.50 in early trade on the London Stock Exchange