REG - Anglo American PLC - Anglo American Q1 2015 Production Report <Origin Href="QuoteRef">AAL.L</Origin>

Anglo AmericanAnnouncement

15/07/2015 14:15

RNS Number : 0552L
Anglo American PLC
23 April 2015
23 April 2015
Anglo American plc
Production Report for the first quarter ended 31 March 2015
Overview
Q1 2015
Q1 2014
% vs. Q1 2014
Iron ore - Kumba (Mt)
12.2
11.3
7%
Iron ore - Minas-Rio (Mt)(1)
1.2
-
nm(2)
Export metallurgical coal (Mt)
5.0
6.1
(17)%
Export thermal coal (Mt)
8.7
7.9
11%
Copper (t)(3) (4)
171,800
202,000
(15)%
Nickel (t)(5)
6,700
9,200
(27)%
Platinum (equivalent refined) (koz)(6)
536
357
50%
Diamonds (Mct)(7)
7.7
7.5
2%
 Solid Q1 2015 production performance, in line with Anglo American's expectations.
 Iron ore production from Kumba increased by 7% to 12.2 million tonnes due to improved equipment productivity at Sishen and plant performance at Kolomela.
 Minas-Rio produced 1.2 million tonnes (wet basis) of iron ore during Q1 2015, a 71% increase compared to Q4 2014 and broadly in line with ramp-up plans. The port is operating well, with 13 vessels loaded since first ore on ship (FOOS) in October 2014.
 Export metallurgical coal production decreased by 17% following Canadian operation Peace River Coal being put on care and maintenance in Q4 2014 and Australian production being impacted by tropical cyclone Marcia.
 Export thermal coal production increased by 11% to 8.7 million tonnes due to increased productivity and a change in product mix in Australia.
 Copper production decreased by 15% to 171,800 tonnes, as expected, primarily as a result of the decision to take the smaller of Los Bronces' two processing plants offline for 51 days in the quarter to manage water reserve levels.
 Nickel production decreased by 27% to 6,700 tonnes, as expected, due to the scheduled rebuild of the Barro Alto furnaces, which is under way and on track for completion in Q4 2015.
 Equivalent refined platinum production increased by 50% to 536,000 ounces compared to strike impacted Q12014, with Mogalakwena delivering a 13% production increase.
 Diamond production increased by 2% to 7.7 million carats, driven primarily by higher grades at Venetia. Full year production guidance for diamonds has been reduced from 32 to 34 million carats to 30 to 32 million carats, in light of current trading conditions.
 All other Business Units are performing in line with the delivery of full year production guidance.
(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) 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's standard smelting and refining recoveries
(7) De Beers production on 100% basis 


IRON ORE AND MANGANESE
Iron Ore and Manganese 
Q1
2015
Q1
2014
Q1 2015
vs.
Q1 2014
Q4
2014
Q1 2015
vs.
Q4 2014
Iron ore - Kumba
000 t
12,167
11,328
7%
12,432
(2)%
Iron ore - Minas-Rio(1)
000 t
1,177
-
nm
688
71%
Manganese ore 
000 t
787
692
14%
882
(11)%
Manganese alloys
000 t
73
65
12%
80
(9)%
(1) Wet basis
Kumba Iron Ore - Production from Kumba Iron Ore increased by 7% to 12.2 million tonnes.
Sishen produced 8.9 million tonnes, an increase of 3%. The implementation of the Operating Model at Sishen continues to deliver improved equipment productivity. Waste removal increased by 27% to 49 million tonnes.
Kolomela continued its strong operational performance, producing 3.0 million tonnes, an 18% increase due to improved plant performance.
Export sales increased by 22% to 11.5 million tonnes, due to higher production and utilisation of the Multi-Purpose Terminal at Saldanha port. In addition, reclaimer maintenance impacted prior year sales export volumes from Kolomela.
Total finished product stocks decreased to 6.1 million tonnes as at 31 March 2015 compared with 6.5 million tonnes at year end.
Full year production guidance remains unchanged at 47 to 48 million tonnes.
Iron Ore Brazil - Minas-Rio produced 1.2 million tonnes (wet basis), a 71% increase compared to Q4 2014 and broadly in line with ramp-up plans, with strong mining activity partially offset by performance issues at the filtration plant. These issues are being addressed and are not expected to impact full year guidance. The port is operating as expected, with 13 vessels loaded since first ore on ship (FOOS) in October 2014.
Full year production guidance remains unchanged at 11 to 14 million tonnes (wet basis).
Nameplate capacity is expected to be reached during the second quarter of 2016, with production of 24 to 26.5 million tonnes (wet basis) expected in 2016.
Manganese ore - Manganese ore production increased by 14% with good performances across both regions. South Africa benefited from improved ore recovery and increased plant availability whilst Australia benefited from higher plant utilisation and favourable ore grades atGemco.
Manganese alloy - Manganese alloy production increased by 12% due to improved furnace stability and availability at both Metalloys in South Africa.


COAL
Coal 
Q1
2015
Q1
2014
Q1 2015
vs.
Q1 2014
Q4
2014
Q1 2015
vs.
Q4 2014
Australia & Canada






Metallurgical - Export
000 t
4,996
6,053
(17)%
4,932
1%
Thermal - Export
000 t
1,433
769
86%
1,872
(23)%
Thermal - Domestic 
000 t
1,650
1,228
34%
1,966
(16)%
South Africa






Thermal - Export 
000 t
 4,342 
 4,149 
5%
 4,783 
(9)%
Thermal - Domestic (Eskom)
000 t
 6,951 
 7,407 
(6)%
 7,435 
(7)%
Thermal - Domestic (Non-Eskom)
000 t
 1,702 
 1,360 
25%
 1,761 
(3)%
Colombia






Thermal - Export
000 t
2,975
2,948
1%
3,002
(1)%
Australiaand Canada - Export metallurgical coal production decreased by 17% following Canadian operation Peace River Coal being put on care and maintenance in Q4 2014 and lower Australian production. Export metallurgical coal production from Australia decreased by 11% to 5.0 million tonnes primarily due to tropical cyclone Marcia impacting Dawson production and railings due to closure of the Moura rail line. The Dawson coal preparation plant maintenance shut down was brought forward to partially mitigate the impact on full year production. Production at Moranbah was impacted by ongoing equipment design issues which should be rectified during the longwall move planned for Q3 2015. Grasstree continued its strong performance delivering record production.
Australian export thermal coal production increased by 86% to 1.4 million tonnes due to change in product mix and increased productivity.
South Africa - Export thermal coal production increased by 5% to 4.3 million tonnes due to productivity improvements across all export operations.
Eskom production decreased by 6% to 7.0 million tonnes mainly owing to reduced demand for New Vaal coal and planned reductions at Kriel prior to the move to the new mining areas.
Domestic non-Eskom production increased by 25% to 1.7 million tonnes due to increased domestic production at Zibulo and Greenside.
Colombia - Cerrejn's production was broadly unchanged at 3.0 million tonnes. 
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.


BASE METALS AND MINERALS - COPPER
Copper 
Q1
2015
Q1
2014
Q1 2015
vs.
Q1 2014
Q4
2014
Q1 2015
vs.
Q4 2014
Copper (1)
t
171,800
202,000
(15)%
174,800
(2)%
(1) Copper production shown on a contained metal basis
Copper - Copper production decreased by 15% to 171,800 tonnes, 2% lower than Q4 2014.
Production from Los Bronces decreased by 18% to 94,700 tonnes due to lower throughput, following the planned shutdown of the smaller of the two processing plants for 51 days to manage water reserve levels, partially offset by higher ore grades. The expected water supply constraints form part of the mining and processing plans for the year, which include actively managing the use of the two processing plants. Additional water efficiency and supply projects were implemented during the period and longer term initiatives are progressing. Production levels are planned to increase over the remainder of the year as plant operating times increase.
At Collahuasi, attributable production decreased by 12% to 46,000 tonnes. This was primarily due to lower ore feed as a result of the planned primary crusher and SAG 3 maintenance, as well as unplanned stoppages caused by adverse weather conditions and recent regional flooding. 
El Soldado production decreased by 38% to 6,100 tonnes due to expected lower ore availability arising from the previously reported intersection with a geological fault.
Production from Mantos Blancos and Mantoverde increased by 3% in aggregate to 25,000 tonnes, due to operational improvements, despite the impact from heavy rainfall and floods interrupting operations during the last week of March.
Full year production guidance remains unchanged at 720,000 to 750,000 tonnes.


BASE METALS AND MINERALS - NICKEL, NIOBIUM AND PHOSPHATES
NICKEL
Nickel
Q1
2015
Q1
2014
Q1 2015
vs.
Q1 2014
Q4
2014
Q1 2015
vs.
Q4 2014
Nickel
t
6,700
9,200
(27)%
6,700
0%
Nickel - Nickel production decreased by 27% to 6,700 tonnes, due to the planned Line 2 furnace rebuild at Barro Alto. This rebuild was concluded ahead of schedule, with first metal tapped on 2 April 2015 and production is now ramping-up. The Line 1 rebuild commenced ahead of schedule given the successful completion of the Line 2 rebuild and is scheduled to complete in Q4 2015. 
Production from Codemin was unchanged at 2,300 tonnes.
Full year production guidance remains unchanged at 20,000 to 25,000 tonnes.
NIOBIUM 
Niobium
Q1
2015
Q1
2014
Q1 2015
vs.
Q1 2014
Q4
2014
Q1 2015
vs.
Q4 2014
Niobium
t
1,300
1,100
18%
1,300
0%
Niobium - Niobium production increased by 18% to 1,300 tonnes following the start of the ramp-up of the Boa Vista Fresh Rock (BVFR) plant. Production from existing operations is expected to increase to 6,800 tonnes once the BVFR plant achieves nameplate capacity in 2017.
PHOSPHATES
Phosphates 
Q1
2015
Q1
2014
Q1 2015
vs.
Q1 2014
Q4
2014
Q1 2015
vs.
Q4 2014
Phosphates






Concentrate
t
319,300
347,900
(8)%
355,600
(10)%
Phosphoric Acid
t
63,200
53,800
17%
78,600
(20)%
Fertiliser
t
238,800
267,200
(11)%
284,900
(16)%
Dicalcium phosphate (DCP)
t
36,200
31,600
15%
44,800
(19)%
Phosphates - Concentrate production decreased by 8% to 319,300 tonnes mainly due to an extended annual stoppage at the beneficiation plant and increased hardness of material. Phosphoric acid production increased by 17% as Q1 2014 was impacted by a maintenance stoppage at Catalo, with DCP production similarly increasing by 15%. Fertiliser production decreased by 11% to 238,800 tonnes due to planned plant maintenance.

PLATINUM
Platinum

Q1
2015
Q1
2014
Q1 2015
vs.
Q1 2014
Q4
2014
Q1 2015
vs.
Q4 2014
Refined






Platinum
000 oz
542
435
25%
574
(5)%
Palladium
000 oz
348
257
36%
358
(3)%
Rhodium
000 oz
65
61
7%
72
(9)%
Copper - Refined
t
3,900
3,200
22%
2,600
50%
Copper - Matte(1)
t
300
1,200
(75)%
1,400
(79)%
Nickel - Refined
t
5,700
4,900
16%
4,800
19%
Nickel - Matte(1)
t
400
1,400
(71)%
1,800
(78)%
Gold
000 oz
30
25
19%
29
4%
Equivalent refined

Platinum
000 oz
536
357
50%
594
(10)%
(1) Nickel and copper refined through third parties is shown as production of nickel matte and copper matte
Platinum-Equivalent refined platinum production increased by 50% to 536,000 ounces compared to 357,000 ounces in Q1 2014, which was impacted by industrial action. 
Own mines and tailings retreatment platinum production doubled to 350,000 ounces as operations reached full ramp-up following the strike in 2014. Lost production in Q1 2014 as a result of the strike was approximately 185,000 ounces. Mogalakwena production increased by 13% to 100,000 ounces due to improved mining performance, recoveries and higher grades. Rustenburg delivered 106,000 ounces, Union 32,000 ounces and Amandelbult 81,000 ounces. As part of on-going optimisation of Union, the decline shaft was successfully closed in Q4 2014, reducing annual production by approximately 60,000 ounces. 
Independently managed production (mined and purchased) decreased by 6% to 172,000 ounces driven mainly by lower production at BRPM and Kroondal. Production was impacted as a result of a fatal incident at BRPM North shaft in January and Section 54 safety stoppages at Kroondal.
Refined platinum production increased by 25% to 542,000 ounces, following the industrial action in Q1 2014. Refined palladium and rhodium increased for similar reasons. The mix of metals has returned to normal compositions as all mines are producing at normal rates.
Full year refined production guidance remains unchanged at 2.3 to 2.4 million ounces.

DIAMONDS
Diamonds
(100% basis)
Q1
2015
Q1
2014
Q1 2015
vs.
Q1 2014
Q4
2014
Q1 2015
vs.
Q4 2014
Diamonds
000 carats
7,665
7,531
2% 
8,366
(8)%
De Beers - Diamond production increased by 2% to 7.7 million carats driven primarily by higher grades at Venetia in South Africa.
Production at DBCM (South Africa) increased by 14% to 1.1 million carats. This was as a result of higher overall grade at Venetia, due to the commissioning of the Red Area Tailings Treatment (RATT) plant in mid-2014. TheRATTprocesseshigheraveragegrade, lower value material than run-of-mine orefromthepit.
Debswana's production decreased by 2% to 5.6 million carats due to a decline in grade at Orapa, which was largely offset by an increase in throughput at both Jwaneng and Orapa.
Production from the Canadian mines increased by 25% due to productivity improvement initiatives at both Snap Lake and Victor.
Diamond production decreased by 8% compared to Q4 2014 due to the planned change in mining areaatVenetia,alongwithafocusonwaste miningatJwaneng.
Full year production guidance has been reduced from 32 to 34 million carats to 30 to 32 million carats, in light of current trading conditions.
EXPLORATION AND EVALUATION
Exploration and Evaluation expenditure for Q1 2015 totalled $75 million, a decrease of 8%.
Exploration expenditure was $37 million, an increase of 6%, mainly attributable to Copper.
Evaluation expenditure for the quarter was $38 million, down by 19%, primarily in the Kumba Iron Ore, Coal Australia and Copper businesses.

NOTE
This Production Report for the first quarter ended 31 March 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)
Q12015
Q4 2014
Q3 2014
Q2 2014
Q12014
Q1 2015
vs.
Q4 2014
Q1 2015
vs.
Q1 2014
Kumba Iron Ore







Lump
7,889,900
8,048,000
8,235,700
7,480,100
7,505,000
(2)%
5%
Fines
4,277,500
4,383,600
4,736,400
3,984,900
3,822,800
(2)%
12%
Total Kumba production
12,167,400
12,431,600
12,972,100
11,465,000
11,327,800
(2)%
7%
Sishen
8,885,500
9,286,300
9,260,200
8,336,600
8,657,500
(4)%
3%
Kolomela
2,972,500
2,727,800
3,379,000
2,948,400
2,512,900
9%
18%
Thabazimbi
309,400
417,500
332,900
180,000
157,400
(26)%
97%
Total Kumba production
12,167,400
12,431,600
12,972,100
11,465,000
11,327,800
(2)%
7%
Kumba sales volumes







RSA export iron ore
11,471,600
11,699,000
9,058,800
10,287,200
9,422,700
(2)%
22%
RSA domestic iron ore
1,434,600
901,800
1,129,200
1,374,000
1,414,800
59%
1%
Minas-Rio







Pellet feed (wet basis)
1,176,700
687,700
-
-
-
71%
nm
Minas-Rio sales volumes







Export - pellet feed (wet basis)
1,294,300
239,600
-
-
-
440%
nm
Samancor







Manganese ore(1)
786,700
882,100
866,000
868,300
692,200
(11)%
14%
Manganese alloys(1)(2)
72,800
80,400
 68,400
72,500
64,800
(9)%
12%
Samancor sales volumes







Manganese ore
829,900
841,100
853,000
854,100
833,900
(1)%
0%
Manganese alloys
63,600
72,800 
 68,400
74,400
79,200
(13)%
(20)%


Coal (tonnes)
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q1 2015
vs.
Q4 2014
Q1 2015
vs.
Q1 2014
Australia







Metallurgical - Export Coking
3,746,900
3,364,400
3,196,200
2,917,700
3,964,000
11%
(5)%
Metallurgical - Export PCI
1,248,800
1,395,800
1,493,900
1,441,800
1,659,300
(11)%
(25)%

4,995,700
4,760,200
4,690,100
4,359,500
5,623,300
5%
(11)%
Thermal - Export
1,433,200
1,871,600
1,574,600
958,400
769,300
(23)%
86%
Thermal - Domestic
1,649,900
1,966,300
2,074,400
1,846,000
1,227,900
(16)%
34%

3,083,100
3,837,900
3,649,000
2,804,400
1,997,200
(20)%
54%
Canada







Metallurgical - Export Coking
-
160,200
385,000
439,200
409,200
(100)%
(100)%
Metallurgical - Export PCI
-
11,200
15,000
32,000
20,800
(100)%
(100)%

-
171,400
400,000
471,200
430,000
(100)%
(100)%
South Africa







Thermal - Export
 4,341,700 
4,782,800
 5,007,600 
 4,273,600 
4,149,100 
(9)%
5% 
Thermal - Domestic (Eskom)
 6,950,700 
7,434,600
 8,000,200 
 8,146,800 
 7,406,900 
(7)%
(6)%
Thermal - Domestic 
(Non-Eskom)
 1,702,000 
1,761,400
 1,862,800 
 1,611,200 
 1,359,500 
(3)%
25% 

 12,994,400 
13,978,800
14,870,600
14,031,600
 12,915,500 
(7)%
1% 
Colombia







Thermal - Export
2,975,000
3,002,300
2,368,800
2,907,700
2,948,200
(1)%
1%

2,975,000
3,002,300
2,368,800
2,907,700
2,948,200
(1)%
1%
Total Metallurgical coal production
4,995,700
4,931,600
5,090,100
4,830,700
6,053,300
1%
(17)%
Total Export Thermal coal production
8,749,900
9,656,700
8,951,000
8,139,700
7,866,600
(9)%
11%
Total Domestic Thermal coal production
10,302,600
11,162,300
11,937,400
11,604,000
9,994,300
(8)%
3%
Total Coal production
24,048,200
25,750,600
25,978,500
24,574,400
23,914,200
(7)%
1%
Weighted average achieved US$/t FOB prices







Australia and Canada







Metallurgical - Export(3)
107
105
105
109
124
2%
(14)%
Thermal - Export
61
65
73
82
79
(6)%
(23)%
Thermal - Domestic
29
33
34
35
40
(12)%
(28)%
South Africa







Thermal - Export 
61
63
70
 73 
 77 
(3)%
(21)%
Thermal - Domestic
18
20
19
 19 
 18 
(10)%
0%
Colombia







Thermal - Export
58
65
67
67
68
(11)%
(15)%
Sales volumes







Australia and Canada







Metallurgical - Export(4)
5,113,400
5,025,600
5,003,800
5,152,600
5,386,200
2%
(5)%
Thermal - Export
1,418,200
2,345,400
1,703,800
897,300
1,019,700
(40)%
39%
Thermal - Domestic
1,591,000
1,989,400
2,102,300
1,870,000
1,331,400
(20)%
19%
South Africa







Thermal - Export
 5,195,200 
5,139,300
4,473,700
3,982,500
3,977,300
1% 
31% 
Thermal - Domestic
8,746,600
8,770,400
9,690,900
9,677,500
9,078,500
0%
(4)%
Colombia







Thermal - Export
3,005,100
2,732,000 
3,076,800
2,858,100
2,647,100
10%
14%
Coal by mine (tonnes)
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q1 2015
vs.
Q4 2014
Q1 2015
vs.
Q1 2014
Australia







Callide
1,857,000
2,164,700
2,318,500
1,844,600
1,229,200
(14)%
51%
Capcoal (incl. Grasstree)
2,259,100
2,074,300
1,816,300
1,847,500
1,904,700
9%
19%
Dawson
663,800
1,074,800
1,041,400
1,101,200
1,022,800
(38)%
(35)%
Drayton
707,500
920,200
817,000
708,500
659,100
(23)%
7%
Foxleigh
478,300
579,200
551,200
471,200
432,900
(17)%
10%
Grosvenor
51,600
-
-
-
-
nm
nm
Jellinbah
763,900
757,100
732,800
756,300
677,500
1%
13%
Moranbah North
1,297,600
1,027,800
1,061,900
434,600
1,694,300
26%
(23)%

8,078,800
8,598,100
8,339,100
7,163,900
7,620,500
(6)%
6%
Canada







Peace River Coal
-
171,400
400,000
471,200
430,000
(100)%
(100)%

-
171,400
400,000
471,200
430,000
(100)%
(100)%
South Africa







Goedehoop
1,133,800
1,245,800
1,210,200
1,177,200
1,138,400
(9)%
0%
Greenside
927,500
1,010,700
1,003,400
806,500
803,500
(8)%
15%
Zibulo
1,281,100
1,367,900
1,450,000
1,122,500
1,113,400
(6)%
15%
Kleinkopje
860,300
950,200
1,011,500
1,142,700
807,400
(9)%
7%
Landau
979,900
1,208,800
1,195,900
870,900
902,800
(19)%
9%
Mafube
361,500
414,700
525,400
413,500
321,800
(13)%
12%
New Vaal
3,548,600
3,701,400
4,755,200
4,321,200
3,895,000
(4)%
(9)%
New Denmark
872,600
1,312,400
724,900
1,091,800
638,800
(34)%
37%
Kriel
1,813,300
1,462,400
1,614,000
1,756,200
2,045,500
24%
(11)%
Isibonelo
1,215,800
1,304,500
1,380,100
1,329,100
1,248,900
(7)%
(3)%

12,994,400
13,978,800
14,870,600
14,031,600
12,915,500
(7)%
1%
Colombia







Carbones del Cerrejn
2,975,000
3,002,300
2,368,800
2,907,700
2,948,200
(1)%
1%
2,975,000
3,002,300
2,368,800
2,907,700
2,948,200
(1)%
1%
Total Coal production
24,048,200
25,750,600
25,978,500
24,574,400
23,914,200
(7)%
1%

Copper (tonnes) on a contained metal basis unless stated otherwise(5)
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q1 2015
vs.
Q4 2014
Q12015
vs.
Q1 2014
Collahuasi 100% basis (Anglo American share 44%)







Ore mined
18,094,700
15,594,200
16,442,500
16,248,500
17,560,100
16%
3%
Ore processed - Oxide
1,333,300
1,552,300
1,744,800
1,659,900
1,700,500
(14)%
(22)%
Ore processed - Sulphide
11,060,300
11,991,600
11,689,600
13,194,500
12,060,400
(8)%
(8)%
Ore grade processed - Oxide 
(% ASCu)(6)
0.69
0.68
0.78
0.72
0.71
1%
(3)%
Ore grade processed - Sulphide (% TCu)(7)
1.08
1.10
1.12
1.03
1.09
(2)%
(1)%
Production - Copper cathode
6,500
9,100
6,200
4,400
5,300
(29)%
23%
Production - Copper in concentrate
98,000
110,400
104,000
117,400
113,600
(11)%
(14)%
Total copper production for Collahuasi
104,500
119,500
110,200
121,800
118,900
(13)%
(12)%
Anglo American's share of copper production for Collahuasi(8)
46,000
52,600
48,500
53,600
52,300
(13)%
(12)%
Anglo American Sur 







Los Bronces mine(9)







Ore mined
13,548,000
15,655,600
14,215,400
15,483,900
12,311,300
(13)%
10%
Marginal ore mined
8,916,800
8,993,400
7,012,900
4,949,400
5,280,400
(1)%
69%
Ore processed - Sulphide
9,250,100
12,739,000
14,202,100
13,911,500
13,295,100
(27)%
(30)%
Ore grade processed - Sulphide (% TCu)
1.07
0.75
0.71
0.81
0.88
43%
22%
Production - Copper cathode
9,000
8,300
9,100
8,900
9,900
8%
(9)%
Production - Copper in concentrate
85,700
78,900
86,600
97,100
105,700
9%
(19)%
Production total
94,700
87,200
95,700
106,000
115,600
9%
(18)%
El Soldado mine(9)







Ore mined
1,060,800
563,900
210,700
450,300
1,893,500
88%
(44)%
Ore processed - Sulphide
1,214,000
1,762,700
1,806,600
1,777,400
1,856,900
(31)%
(35)%
Ore grade processed - Sulphide (% TCu)
0.66
0.55
0.53
0.58
0.67
20%
(2)%
Production - Copper cathode
200
400
300
300
200
(50)%
0%
Production - Copper in concentrate
5,900
7,000
6,400
8,100
9,700
(16)%
(39)%
Production total
6,100
7,400
6,700
8,400
9,900
(18)%
(38)%
Chagres Smelter(9)







Ore smelted
37,100
28,900
33,300
33,200
36,700
28%
1%
Production
36,000
28,300
32,300
32,400
35,500
27%
1%
Total copper production for Anglo American Sur
100,800
94,600
102,400
114,400
125,500
7%
(20)%
Anglo American Norte







Mantos Blancos mine







Ore processed - Sulphide
1,073,800
1,059,300
1,156,100
1,109,000
1,078,000
1%
(0)%
Ore grade processed - Sulphide (% TCu)
0.75
0.75
0.68
0.64
0.69
0%
9%
Production - Copper cathode
6,900
7,300
6,500
7,900
5,000
(5)%
38%
Production - Copper in concentrate
6,800
6,800
6,500
6,300
6,100
0%
11%
Production total
13,700
14,100
13,000
14,200
11,100
(3)%
23%
Mantoverde mine







Ore processed - Oxide
2,279,400
2,582,100
2,634,100
2,566,100
2,530,500
(12)%
(10)%
Ore processed - Marginal ore 
1,496,800
2,274,500
2,077,300
2,189,100
2,105,200
(34)%
(29)%
Ore grade processed - Oxide (% ASCu) 
0.51
0.49
0.47
0.48
0.5
3%
1%
Ore grade processed - Marginal ore (% ASCu)
0.22
0.23
0.23
0.23
0.24
(6)%
(10)%
Production - Copper cathode
11,300
13,500
13,000
12,200
13,100
(16)%
(14)%
Total copper production for Anglo American Norte
25,000
27,600
26,000
26,400
24,200
(9)%
3%
Total Copper segment copper production
230,300
241,700
238,600
262,600
268,600
(5)%
(14)%
Total Attributable copper production(10)
171,800
174,800
176,900
194,400
202,000
(2)%
(15)%
Total Attributable payable copper production
166,800
169,700
171,700
186,600
197,900
(2)%
(16)%
Total Attributable sales volumes
164,800
187,400
179,300
180,800
207,600
(12)%
(21)%
Total Attributable payable sales volumes
160,100
181,700
173,900
175,400
201,600
(12)%
(21)%
Nickel (tonnes) unless stated otherwise (11)
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q1 2015
vs.
Q4 2014
Q1 2015
vs.
Q1 2014
Barro Alto







Ore mined
235,300
400,500
1,019,300
736,600
354,000
(41)%
(34)%
Ore processed
294,600
276,000
531,900
555,500
464,000
7%
(37)%
Ore grade processed - %Ni
1.77
1.86
1.86
1.78
1.78
(5)%
(1)%
Production
4,400
4,500
8,300
8,600
6,900
(2)%
(36)%
Codemin







Ore mined
-
-
-
6,800
-
-
-
Ore processed
151,400
151,500
154,100
140,800
147,200
0%
3%
Ore grade processed - %Ni
1.66
1.66
1.67
1.67
1.67
0%
(1)%
Production
2,300
2,200
2,400
2,000
2,300
5%
0%
Total Nickel segment nickel production
6,700
6,700
10,700
10,600
9,200
0%
(27)%
Sales volumes
7,500
8,400
8,800
8,900
10,000
(11)%
(25)%
Niobium (tonnes) unless stated otherwise
Q12015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q1 2015
vs.
Q4 2014
Q1 2015
vs.
Q1 2014
Niobium







Ore mined
291,100 
166,300 
424,900 
356,200 
38,500 
75%
656%
Ore processed
501,800 
377,700 
237,900 
238,700 
229,700 
33%
118%
Ore grade processed - %Nb
0.96
1.05
1.08
1.10
0.92
(9)%
4%
Production
1,300 
1,300 
1,200 
1,100 
1,100 
0%
18%
Sales volumes
1,300 
1,100 
1,200 
1,200 
1,100 
18%
18%
Phosphates (tonnes) unless stated otherwise
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q1 2015
vs.
Q4 2014
Q1 2015
vs.
Q1 2014
Phosphates







Concentrate
319,300
355,600
362,700
349,500
347,900
(10)%
(8)%
Concentrate grade - %P2O5
36.9
36.8
37.3
37.1
36.8
0%
0%
Phosphoric acid
63,200
78,600
81,300
81,300
53,800
(20)%
17%
Fertiliser
238,800
284,900
284,700
275,700
267,200
(16)%
(11)%
High analysis fertiliser
37,500
50,200
60,200
44,200
30,100
(25)%
25%
Low analysis fertiliser
201,200
234,600
224,500
231,500
237,100
(14)%
(15)%
Dicalcium phosphate (DCP)
36,200
44,800
44,100
43,600
31,600
(19)%
15%
Fertiliser sales volumes
208,500
277,400
311,700
241,000
266,500
(25)%
(22)%
Platinum
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q1 2015
vs.
Q4 2014
Q1 2015
vs.
Q1 2014
Refined production







Platinum (troy oz)
542,400
573,700
460,000
420,600
435,200
(5)%
25%
Palladium (troy oz)
348,100
357,700
316,400
294,600
256,700
(3)%
36%
Rhodium (troy oz)
65,000
71,700
48,400
48,700
60,600
(9)%
7%
Copper refined (tonnes)(12)
3,900
2,600
2,800
3,900
3,200
50%
22%
Copper matte (tonnes)(12)
300
1,400
1,300
2,300
1,200
(79)%
(75)%
Nickel refined (tonnes)(12)
5,700
4,800
5,200
5,600
4,900
19%
16%
Nickel matte (tonnes)(12)
400
1,800
 1,800 
2,700
1,400
(78)%
(71)%
Gold (troy oz)
30,100
28,900
14,600
26,700
25,400
4%
19%
Equivalent refined







Platinum (troy oz)
536,000
593,900
532,800
358,200
357,000
(10)%
50%
4E built-up head grade (g/tonne milled)(13)
3.14
3.19
3.06
2.77
2.86
(2)%
10%
De Beers
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q1 2015
vs.
Q4 2014
Q1 2015
vs.
Q1 2014
Carats recovered







100% basis
Orapa
2,610,000
2,732,000
2,651,000
3,487,000
3,204,000
(4)%
(19)%
Letlhakane
188,000
83,000
157,000
177,000
131,000
127%
44%
Damtshaa
57,000
94,000
83,000
70,000
56,000
(39)%
2%
Jwaneng
2,777,000
3,080,000
3,333,000
2,532,000
2,367,000
(10)%
17%
Debswana
5,632,000
5,989,000
6,224,000
6,266,000
5,758,000
(6)%
(2)%








Namdeb
96,000
121,000
156,000
199,000
137,000
(21)%
(30)%
Debmarine Namibia
366,000
375,000
293,000
310,000
295,000
(2)%
24%
Namdeb Holdings
462,000
496,000
449,000
509,000
432,000
(7)%
7%








Kimberley
221,000
202,000
207,000
154,000
159,000
9%
39%
Venetia
624,000
1,060,000
776,000
834,000
531,000
(41)%
18%
Voorspoed
216,000
140,000
143,000
186,000
242,000
54%
(11)%
DBCM
1,061,000
1,402,000
1,126,000
1,174,000
932,000
(24)%
14%








Snap Lake
328,000
301,000
253,000
379,000
268,000
9%
22%
Victor
182,000
178,000
141,000
187,000
141,000
2%
29%
De Beers Canada
510,000
479,000
394,000
566,000
409,000
6%
25%
Total carats recovered
7,665,000
8,366,000
8,193,000
8,515,000
7,531,000
(8)%
2%
(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) 4E: the grade measured as the combined content of the four most valuable precious metals: platinum, palladium, rhodium and gold


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
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
Shamiela Letsoalo
Tel: +27 (0)11 638 3112
Sarah McNally
Tel: +44 (0)20 7968 8747
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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