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Anglo American plc Production Report for the third quarter ended 30 September 2014

23 October, 2014

Overview

Q3 2014 Q3 2013 % vs. Q3 2013
Iron ore (Mt) 13.0 9.5 37%
Export metallurgical coal (Mt) 5.1 4.9 4%
Export thermal coal (Mt) 9.0 9.4 (4)%
Copper (t)(1) 176,900 207,300 (15)%
Nickel (t)(2) 10,700 9,500 13%
Platinum (equivalent refined) (koz)(3) 533 623 (14)%
Diamonds (Mct)(4) 8.2 7.7 6%
  • Kumba Iron Ore production increased by 37% to 13 million tonnes following implementation of the production recovery plan at Sishen and record output at Kolomela. Waste removal at Sishen continues to be the operational focus
  • Export metallurgical coal production increased by 4% to 5.1 million tonnes. Moranbah recovered from the geotechnical issues reported in Q2 2014
  • Export thermal coal production decreased by 4% to 9.0 million tonnes owing to adverse weather conditions in Colombia, partly offset by operational improvements in South Africa
  • Copper production decreased by 15% to 176,900 tonnes, with expected grade declines at Los Bronces and Collahuasi being partially offset by improved throughput at Los Bronces
  • Nickel production increased by 13% to 10,700 tonnes driven by continued improved operational stability at Barro Alto prior to the planned rebuild of the two furnaces, with the first commencing at the beginning of October
  • Platinum ramp up at strike-affected mines (Rustenburg, Amandelbult and Union mines) was completed, with normal production resumed by September. Platinum equivalent refined production decreased by 14% to 532,800 ounces as a result of the post-strike ramp-up and planned lower production at both Rustenburg and Union following the 2013 restructuring
  • Diamond production increased by 6% to 8.2 million carats, with higher production at Debswana due to a strong performance at Jwaneng. This was partially offset by lower production at operations in South Africa and Canada

(1) Copper production from the Copper business unit

(2) Nickel production from the Nickel business unit

(3) Equivalent refined is the mines’ production and purchases of metal in concentrate, secondary metals and other metals converted to equivalent refined production using Anglo American Platinum Limited’s standard smelting and refining recoveries

(4) De Beers production on 100% basis

View full PDF of this press release

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
Emily Blyth
Tel: +44 (0)20 7968 8481
Edward Kite
Tel: +44 (0)20 7968 2178
South Africa
Pranill Ramchander
Tel: +27 (0)11 638 2592
Sarah McNally
Tel: +44 (0)20 7968 8747
Shamiela Letsoalo
Tel: +27 (0)11 638 3112

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