REG - Anglo American PLC - Anglo American Q1 2016 Production Report <Origin Href="QuoteRef">AAL.L</Origin>

Anglo AmericanAnnouncement

21/04/2016 07:06

RNS Number : 8806V
Anglo American PLC
21 April 2016
21 April 2016
Anglo American plc
Production Report for the first quarter ended 31 March 2016
Overview
Q1 2016
Q1 2015
% vs. Q1 2015
Diamonds (Mct)(1)
6.9
7.7
(10)%
Platinum (produced ounces) (koz)(2)
567
544
4%
Copper (t)(3) (4) (5)
146,500
146,800
-
Nickel (t)(6)
11,200
6,700
67%
Iron ore - Kumba (Mt)
8.9
12.2
(27)%
Iron ore - Minas-Rio (Mt)(7)
3.3
1.2
185%
Export metallurgical coal (Mt)
4.5
5.0
(9)%
Export thermal coal (Mt)
7.7
8.7
(13)%
Mark Cutifani, Anglo American Chief Executive, said "The Q1 2016 operating results are in line with the equivalent period of 2015 on a copper equivalent basis(8) and reflect the major restructuring programme under way and our ongoing efficiency and cost reduction strategy.They also demonstrate the market discipline we continue to show in our key markets, particularly diamonds and platinum, and are consistent with our restructuring plans as we focus on lower cost and higher margin assets. We are encouraged that the actions we have taken in diamonds are continuing to have a positive effect, while operational productivity continues on an upward trajectory. As a consequence of our solid progress, our production guidance for 2016 remains unchanged."
 Diamond production decreased by 10% to 6.9 million carats, reflecting the decision to reduce production in response to trading conditions in 2015.
 Platinum production (expressed as metal in concentrate)(2) increased by 4% to 567,000 ounces driven primarily by increases at Amandelbult and Mogalakwena. Refined platinum production decreased by 52% due to a planned stocktake and a Section 54 safety stoppage at the Precious Metals Refinery (PMR) for 12 days.
 Copper production from the retained operations (excluding the AA Norte assets that were sold effective 1 September 2015) was in line with Q1 2015. Overall production decreased by 15%.
 Nickel production increased by 67% to 11,200 tonnes following the successful completion of the Barro Alto furnace rebuilds.
 Iron ore production from Kumba decreased by 27% to 8.9 million tonnes as Sishen is being transitioned to a lower cost pit configuration.
 Iron ore production from Minas-Rio increased to 3.3 million tonnes (wet basis) as the operation continues to ramp-up. Production increased by 3% vs. Q4 2015.
 Export metallurgical coal production decreased by 9% to 4.5 million tonnes due to planned longwall moves taking place at both Moranbah and Grasstree, partially offset by improved operational performance at Dawson and development coal production at Grosvenor.
 Export thermal coal production decreased by 13% to 7.7 million tonnes due to planned production cuts at Cerrejn as a result of market conditions and a change in mix at Landau to higher margin domestic sales.
(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) Q1 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 Kimberly mine, and to reflect Snap Lake being placed on care and maintenance.
DE BEERS
Diamonds
(100% basis)
Q1
2016
Q1
2015
Q1 2016
vs.
Q1 2015
Q4
2015
Q1 2016
vs.
Q4 2015
Diamonds
000 carats
6,866
7,665
(10)%
7,052
(3)%
De Beers - Diamond production decreased by 10% to 6.9 million carats, reflecting the decision to reduce production in response to trading conditions in 2015.
At Debswana (Botswana), production decreased by 5% to 5.3 million carats as a result of the strategy to align production to trading conditions. There was lower production at Orapa, partially offset by an increase in production at Jwaneng. Damtshaa (a satellite operation of Orapa) was placed on care and maintenance from 1 January 2016.
Production at DBCM (South Africa) decreased by 12% to 0.9 million carats mainly due to the completion of the sale of Kimberley mines to Ekapa Minerals, as announced on 21 January 2016.
Production at Namdeb Holdings (Namibia) decreased by 4% to 0.4 million carats due to reduced grade at Namdeb.
Production in Canada decreased by 68% to 0.2 million carats due to Snap Lake being placed on care and maintenance in December 2015.
Consolidated rough diamond sales of 7.6 million carats in Sights 1 and 2 of 2016 reflected an improvement in trading conditions relative to H2 2015. Sales volumes were 10% lower than in Q1 2015, however this was due to the number of Sights in the respective periods: 2 Sights in Q1 2016 vs. 3 Sights in Q1 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
Q1
2016
Q1
2015
Q1 2016
vs.
Q1 2015
Q4
2015
Q1 2016
vs.
Q4 2015
Refined
Platinum
000 oz
261
542
(52)%
745
(65)%
Palladium
000 oz
182
348
(48)%
468
(61)%
Rhodium
000 oz
48
65
(27)%
86
(44)%
Copper - Refined
t
3,300
3,900
(15)%
4,700
(30)%
Copper - Matte(1)
t
-
300
(100)%
-
-
Nickel - Refined
t
5,700
5,700
-
7,300
(22)%
Nickel - Matte(1)
t
-
400
(100)%
-
-
Gold
000 oz
28
30
(7)%
30
(5)%
Produced ounces(2)
Platinum
000 oz
567
544
4%
598
(5)%
(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 increased by 4% to 567,000 ounces driven primarily by higher production from Amandelbult, Mogalakwena and Unki, partially offset by lower production at Rustenburg. 
Amandelbult production increased by 33% to 111,000 ounces due to improved mining efficiencies and increased concentrator recoveries. Mogalakwena production increased by 7% to 109,000 ounces due to higher grade and improved concentrator throughput. Production from Unki increased by 14% to 19,000 ounces due to improved running time of the concentrators and increased head grade. In total, production from retained own-mine operations increased by 18% vs. Q1 2015. 
Rustenburg (including Western Limb Tailings Retreatment) production decreased by 15,000 ounces to 106,000 ounces due to difficult ground conditions and lower grade. 
Independently managed production (mined and purchased), excluding third party purchase of concentrate, increased by 6% to 185,000 ounces driven by Kroondal, BRPM and Mototolo.
The refined platinum production for the quarter was materially impacted by a planned stocktake at the Precious Metal Refinery (PMR) and a Section 54 safety stoppage which also closed the PMR for 12 days and materially impacted production for a subsequent 37 days. The PMR was back to steady state operation from 6 April 2016. As a result refined platinum production decreased by 52% to 261,000 ounces with similar decreases for palladium and rhodium.
Platinum sales volumes decreased by 21%, reflecting the stoppages at the PMR in the quarter, partly mitigated by inventory draw-downs.
Full Year Guidance
Full year guidance of 2.3 - 2.4 million ounces of production remains unchanged, for both produced and refined platinum.
COPPER
Copper(1)
Q1
2016
Q1
2015
Q1 2016
vs.
Q1 2015
Q4
2015
Q1 2016
vs.
Q4 2015
Copper retained operations(2)
t
146,500
146,800
-
181,400
(19)%
Copper
t
146,500
171,800
(15)%
181,400
(19)%
(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 the AA Norte assets that were sold effective 1 September 2015) was in line with Q1 2015, or 15% lower on an absolute basis. Production decreased by 19% compared to Q4 2015 as a result of lower grades, consistent with the production plan for the year.
Production from Los Bronces decreased by 10% to 85,200 tonnes, driven by the expected decline in grades in the quarter. In H1 2015, water restrictions were mitigated by increasing the cut-off grade, offsetting the impact of the reduced throughput at the plant.
At Collahuasi, attributable production increased by 11% to 51,100 tonnes due to improved plant stability and hence operating times, after rectification work undertaken in 2015, combined with higher grades.
El Soldado production increased by 67% to 10,200 tonnes due to the increasing availability of higher grade ore, in line with the revised mine plan.
Total copper sales from the retained operations were broadly in line with prior year at 137,500 tonnes.
Full Year Guidance
Full year production guidance remains at 600,000 - 630,000 tonnes.
NICKEL
Nickel
Q1
2016
Q1
2015
Q1 2016
vs.
Q1 2015
Q4
2015
Q1 2016
vs.
Q4 2015
Nickel
t
11,200
6,700
67%
10,500
7%
Nickel - Nickel production increased by 67% to 11,200 tonnes, following the successful rebuild of the Barro Alto furnaces which are now producing at nameplate capacity. Production from Codemin remained in line with Q1 2015 at 2,300 tonnes.
Full Year Guidance
Nickel production guidance remains unchanged at 45,000 - 47,000 tonnes. 
NIOBIUM 
Niobium
Q1
2016
Q1
2015
Q1 2016
vs.
Q1 2015
Q4
2015
Q1 2016
vs.
Q4 2015
Niobium
t
1,400
1,300
8%
1,600
(13)%
Niobium - Niobium production increased by 8% to 1,400 tonnes reflecting the continued ramp-up of the BVFR plant, which reached commercial production in March. Production decreased by 13% vs. Q4 2015 due to an extended plant stoppage to reduce stock levels and following a period of heavy rainfall.
Full Year Guidance
Production from current installed capacity is expected to increase to 6,800 tonnes once the BVFR plant reaches nameplate capacity in the third quarter of 2016. This, when combined with debottlenecking activities currently being implemented, will take the total annual capacity to 9,000 tonnes.
PHOSPHATES
Phosphates 
Q1
2016
Q1
2015
Q1 2016
vs.
Q1 2015
Q4
2015
Q1 2016
vs.
Q4 2015
Phosphates
Concentrate
t
333,100
319,300
4%
355,700
(6)%
Phosphoric acid
t
79,100
63,200
25%
63,900
24%
Fertiliser
t
274,900
238,800
15%
303,400
(9)%
Dicalcium phosphate (DCP)
t
31,500
36,200
(13)%
38,700
(19)%
Phosphates - Concentrate production increased by 4% due to softer material feed to the plant. Fertiliser production increased by 15%, mainly due to strong performance at the granulation plants and good availability of phosphoric acid. Phosphoric acid production increased by 25% reflecting the non-recurrence of maintenance activities and strong plant performance at both sites. DCP production decreased by 13% due to the timing of an annual maintenance stoppage in Cubato and lower demand in Catalo.
Full Year Guidance
Fertiliser and DCP production in 2016 is expected to be broadly similar to 2015. Phosphoric acid production is expected to increase to around 300,000 tonnes driven by improved performance at Cubato following the maintenance repairs in the second half of 2015.
IRON ORE AND MANGANESE
Iron Ore and Manganese 
Q1
2016
Q1
2015
Q1 2016
vs.
Q1 2015
Q4
2015
Q1 2016
vs.
Q4 2015
Iron ore - Kumba
000 t
8,925
12,167
(27)%
10,935
(18)%
Iron ore - Minas-Rio(1)
000 t
3,349
1,177
185%
3,253
3%
Manganese ore(2)
000 t
776
787
(1)%
596
30%
Manganese alloys(3)
000 t
32
73
(56)%
44
(26)%
(1) Wet basis
(2) Saleable production 
(3) Production includes medium carbon ferro-manganese
Kumba Iron Ore - Production from Kumba Iron Ore decreased by 27% to 8.9 million tonnes.
Sishen produced 5.8 million tonnes, a decrease of 34%. Waste removal decreased to 33.9 million tonnes vs. 49.3 million tonnes in Q1 2015. The reduction in production and waste volumes was consistent with the mine's lower cost pit configuration. Sishen continues to experience feedstock constraints, which has been exacerbated by higher levels of rainfall experienced during the quarter. Solutions are being implemented to increase mine flexibility. 
Kolomela produced 2.7 million tonnes for the quarter, a decrease of 9% due to safety stoppages as a result of a fatal incident that occurred on-mine in January 2016.
At Thabazimbi, 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 18% to 9.4 million tonnes due to lower production. Total finished product stocks were 3.2 million tonnes, compared with 4.7 million tonnes at year end as stocks were drawn-down to more optimal levels.
The Section 189 (headcount reduction) process is on track with consultations on the organisational structures completed. The material changes are due to the revised pit configuration and related restructuring.
Full Year Guidance
Guidance for Sishen remainsunchanged at ~27million tonnes production and waste volumes of 135-150 million tonnes, whilst Kolomela remains on track toproduce ~12 million tonnes with waste mining forecast to be 46-48 million tonnes. 
As previously indicated, detailed work to refine the Sishen life of mine plan based on the revised pit configuration is ongoing and will be finalised during 2016.
Iron Ore Brazil - Minas-Rio's ramp-up continues, with 3.3 million tonnes (wet basis) produced in Q1 2016, an increase of 185% vs. Q1 2015. Production increased by 3% vs. Q4 2015 due to mining area confinement arising from current licensing constraints.
Full Year Guidance
Production guidance for 2016 remains at 15-18 Mt (wet basis).
Manganese ore - Manganese ore production was in line vs. Q1 2015, and was 30% higher than Q4 2015 when production had been temporarily suspended at the Wessels and Mamatwam mines. Following the strategic review, mining activity recommenced in Q1 2016. GEMCO ore production increased as the business took full advantage of drier weather conditions, and delivered record ore sales in Q1 2016.
Manganese alloy - Manganese alloy production decreased by 56% vs. Q1 2015 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 
Q1
2016
Q1
2015
Q1 2016
vs.
Q1 2015
Q4
2015
Q1 2016
vs.
Q4 2015
Australia 
Metallurgical - Export
000 t
4,526
4,996
(9)%
5,484
(17)%
Thermal - Export
000 t
1,066
1,433
(26)%
1,154
(8)%
Thermal - Domestic 
000 t
1,493
1,650
(10)%
1,979
(25)%
South Africa
Thermal - Export 
000 t
3,976
4,342 
(8)%
3,878
3%
Thermal - Domestic (Eskom)
000 t
6,392
6,951 
(8)%
5,534
16%
Thermal - Domestic (Non-Eskom)
000 t
1,804
1,702 
6%
1,822
(1)%
Colombia
Thermal - Export
000 t
2,610
2,975
(12)%
2,628
(1)%
Australia - Export metallurgical coal production decreased by 9% to 4.5 million tonnes due to planned longwall moves in the quarter at both Moranbah and Grasstree, partially offset by strong operational performance at Capcoal open cut mine, as well as the delivery of development coal from Grosvenor. In Q1 2015 Dawson was impacted by a maintenance shutdown at the coal preparation plant.
Australian export thermal coal production decreased by 26% to 1.1 million tonnes due to expected lower production from Drayton as it goes through a phased closure following the rejection of the Drayton South project by the NSW government. 
On 20 January 2016 the agreement to sell the Callide thermal coal mine to Batchfire Resources was announced and remains subject to a number of conditions.
On 4 April 2016 the sale of Foxleigh open cut mine in Australia to Taurus Funds Management was announced. The sale is subject to conditions.
South Africa - Export thermal coal production decreased by 8% to 4.0 million tonnes, driven in part by mix at Landau (producing more domestic coal which, at current prices, results in a higher margin). Goedehoop production was impacted by unfavourable geology and Greenside experienced some temporary power outage issues.
Eskom production decreased by 8% to 6.4 million tonnes due to a planned longwall move at New Denmark and planned production reductions at Kriel.
Colombia - Cerrejn's production decreased by 12% to 2.6 million tonnes, due to planned production cuts to take out the highest cost capacity in response to market conditions.
Full Year Guidance
Full year production guidance remains unchanged at 21 - 22 million tonnes for export metallurgical coal and 28 - 30 million tonnes for export thermal coal from South Africa and Colombia.
EXPLORATION AND EVALUATION
Exploration and Evaluation expenditure totalled $46 million, a decrease of 38%. Exploration expenditure for the quarter totalled $29 million, a decrease of 20%. Evaluation expenditure for the quarter totalled $17 million, a decrease of 55%. 
NOTE
This Production Report for the first quarter ended 31 March 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
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q1 2016
vs.
Q4 2015
Q1 2016
vs.
Q1 2015
Carats recovered
100% basis
Orapa
2,001,000
2,516,000
1,959,000
2,792,000
2,610,000
(20)%
(23)%
Letlhakane
125,000
73,000
134,000
111,000
188,000
71%
(34)%
Damtshaa
-
59,000
45,000
60,000
57,000
(100)%
(100)%
Jwaneng
3,202,000
2,101,000
1,936,000
2,950,000
2,777,000
52%
15%
Debswana
5,328,000
4,749,000
4,074,000
5,913,000
5,632,000
12%
(5)%
Namdeb
72,000
119,000
148,000
131,000
96,000
(39)%
(25)%
Debmarine Namibia
372,000
286,000
318,000
300,000
366,000
30%
2%
Namdeb Holdings
444,000
405,000
466,000
431,000
462,000
10%
(4)%
Kimberley
68,000
242,000
192,000
182,000
221,000
(72)%
(69)%
Venetia
706,000
1,033,000
712,000
763,000
624,000
(32)%
13%
Voorspoed
158,000
184,000
132,000
172,000
216,000
(14)%
(27)%
DBCM
932,000
1,459,000
1,036,000
1,117,000
1,061,000
(36)%
(12)%
Snap Lake
3,000
280,000
283,000
352,000
328,000
(99)%
(99)%
Victor
159,000
159,000
153,000
150,000
182,000
- 
(13)%
De Beers Canada
162,000
439,000
436,000
502,000
510,000
(63)%
(68)%
Total carats recovered
6,866,000
7,052,000
6,012,000
7,963,000
7,665,000
(3)%
(10)%
Sales volumes (1)
Total sales volume - carats (100%)(Mct)
8.1
3.6
3.0
5.4
8.6
125%
(6)%
Consolidated sales volume - carats(Mct)
7.6
3.6
3.0
4.9
8.4
111%
(10)%
Platinum
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q1 2016
vs.
Q4 2015
Q1 2016
vs.
Q1 2015
Refined production
Platinum (troy oz)
260,800
744,900
610,900
560,600
542,400
(65)%
(52)%
Palladium (troy oz)
181,600
468,400
390,700
387,700
348,100
(61)%
(48)%
Rhodium (troy oz)
47,700
85,700
77,600
76,900
65,000
(44)%
(27)%
Copper refined (tonnes)(2)
3,300
4,700
4,200
4,000
3,900
(30)%
(15)%
Copper matte (tonnes)(2)
-
-
-
-
300
-
(100)%
Nickel refined (tonnes)(2)
5,700
7,300
6,400
6,000
5,700
(22)%
-
Nickel matte (tonnes)(2)
-
-
-
-
400
-
(100)%
Gold (troy oz)
27,900
29,500
23,000
30,400
30,100
(5)%
(7)%
Produced ounces
Platinum (troy oz)
567,000
598,000
614,300
580,900
544,100
(5)%
4%
4E built-up head grade (g/tonne milled)(3)
3.11
3.24
3.27
3.27
3.14
(4)%
(1)%
Platinum sales volumes
412,800
621,800
690,100
635,600
523,900
(34)%
(21)%
Copper (tonnes) on a contained metal basis unless stated otherwise(4)
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q1 2016
vs.
Q4 2015
Q1 2016
vs.
Q1 2015
Collahuasi 100% basis (Anglo American share 44%)
Ore mined
14,858,200
22,468,800
18,879,300
20,130,700
18,094,700
(34)%
(18)%
Ore processed - Oxide
-
-
1,484,900
1,835,700
1,333,300
-
(100)%
Ore processed - Sulphide
12,102,800
12,801,300
9,464,800
10,464,200
11,060,300
(5)%
9%
Ore grade processed - Oxide 
(% ASCu)(5)
-
-
0.63
0.60
0.69
-
-
Ore grade processed - Sulphide (% TCu)(6)
1.15
1.25
1.09
1.15
1.08
(8)%
7%
Production - Copper cathode
1,900
3,100
6,000
6,600
6,500
(39)%
(71)%
Production - Copper in concentrate
114,200
136,800
92,800
105,500
98,000
(17)%
17%
Total copper production for Collahuasi
116,100
139,900
98,800
112,100
104,500
(17)%
11%
Anglo American's share of copper production for Collahuasi(7)
51,100
61,500
43,500
49,300
46,000
(17)%
11%
Anglo American Sur 
Los Bronces mine(8)
Ore mined
10,487,900
13,252,200
10,112,600
13,345,700
13,548,000
(21)%
(23)%
Marginal ore mined
13,402,300
11,673,100
7,733,600
10,929,100
8,916,800
15%
50%
Ore processed - Sulphide
12,055,300
14,115,200
11,584,300
10,447,300
9,250,100
(15)%
30%
Ore grade processed - Sulphide (% TCu)
0.74
0.83
0.87
0.98
1.07
(11)%
(31)%
Production - Copper cathode
9,700
9,700
8,500
7,800
9,000
0%
8%
Production - Copper in concentrate
75,500
101,300
90,100
89,600
85,700
(25)%
(12)%
Production total
85,200
111,000
98,600
97,400
94,700
(23)%
(10)%
El Soldado mine(8)
Ore mined
1,448,000
1,280,000
951,600
1,915,700
1,060,800
13%
37%
Ore processed - Sulphide
1,836,100
1,557,500
1,441,800
1,752,100
1,214,000
18%
51%
Ore grade processed - Sulphide (% TCu)
0.75
0.79
0.90
0.71
0.66
(5)%
14%
Production - Copper cathode
-
-
-
-
200
-
(100)%
Production - Copper in concentrate
10,200
8,900
11,000
10,000
5,900
15%
73%
Production total
10,200
8,900
11,000
10,000
6,100
15%
67%
Chagres Smelter(8)
0%
0%
Ore smelted
35,900
35,900
39,900
36,200
37,100
0%
(3)%
Production
35,200
34,900
38,900
35,300
36,000
1%
(2)%
Total copper production for Anglo American Sur
95,400
119,900
109,600
107,400
100,800
(20)%
(5)%
Anglo American Norte
Mantos Blancos mine
Ore processed - Sulphide
-
-
718,400
1,043,300
1,073,800
-
(100)%
Ore grade processed - Sulphide (% TCu)
-
-
0.75
0.79
0.75
-
-
Production - Copper cathode
-
-
5,000
8,500
6,900
-
(100)%
Production - Copper in concentrate
-
-
4,500
6,800
6,800
-
(100)%
Production total
-
-
9,500
15,300
13,700
-
(100)%
Mantoverde mine
Ore processed - Oxide
-
-
1,838,000
2,487,900
2,279,400
-
(100)%
Ore processed - Marginal ore 
-
-
1,658,000
2,790,000
1,496,800
-
(100)%
Ore grade processed - Oxide (% ASCu) 
-
-
0.51
0.54
0.51
-
-
Ore grade processed - Marginal ore (% ASCu)
-
-
0.20
0.21
0.22
-
-
Production - Copper cathode
-
-
8,500
12,500
11,300
-
(100)%
Total copper production for Anglo American Norte
-
-
18,000
27,800
25,000
-
(100)%
Total Copper segment copper production
211,500
259,800
226,400
247,300
230,300
(19)%
(8)%
Total Attributable copper production(9)
146,500
181,400
171,100
184,500
171,800
(19)%
(15)%
Total Attributable payable copper production
141,600
175,300
165,800
179,000
166,800
(19)%
(15)%
Total Attributable sales volumes
137,500
183,000
178,400
179,400
164,800
(25)%
(17)%
Total Attributable payable sales volumes
133,000
176,700
172,900
173,800
160,100
(25)%
(17)%
Third party sales - Mantos Copper(10)
9,200
41,400
-
-
-
(78)%
100%
Nickel (tonnes)
unless stated otherwise(11)
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q1 2016
vs.
Q4 2015
Q1 2016
vs.
Q1 2015
Barro Alto
Ore mined
457,000
453,200
1,351,700
903,300
235,300
1%
94%
Ore processed
598,100
566,400
330,700
281,100
294,600
6%
103%
Ore grade processed - %Ni
1.77
1.77
1.79
1.80
1.77
0%
0%
Production
8,900
8,100
4,700
4,100
4,400
10%
102%
Codemin
Ore mined
-
-
-
8,600
-
-
-
Ore processed
151,400
 154,000
140,000
145,700
151,400
(2)%
0%
Ore grade processed - %Ni
1.68
1.69
1.70
1.71
1.66
(1)%
1%
Production
2,300
2,400
2,100
2,200
2,300
(4)%
0%
Total Nickel segment nickel production
11,200
10,500
6,800
6,300
6,700
7%
67%
Sales volumes
10,800
9,500
6,400
8,600
7,500
14%
44%
Niobium
(tonnes) unless stated otherwise
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q1 2016
vs.
Q4 2015
Q1 2016
vs.
Q1 2015
Niobium
Ore mined
690,300
637,700
597,300
605,600
291,100
8%
137%
Ore processed
484,800
580,700
578,400
570,400
501,800
(17)%
(3)%
Ore grade processed - %Nb
0.91
1.00
0.93
0.93
0.96
(9)%
(5)%
Production
1,400
1,600
1,800
1,600
1,300
(13)%
8%
Sales volumes
1,100
800
1,400
1,500
1,300
38%
(15)%
Phosphates 
(tonnes) unless stated otherwise
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q1 2016
vs.
Q4 2015
Q1 2016
vs.
Q1 2015
Phosphates
Concentrate
333,100
355,700
363,100
303,300
319,300
(6)%
4%
Concentrate grade - %P2O5
36.6
36.7
36.8
36.9
36.9
0%
(1)%
Phosphoric acid
79,100
63,900
75,600
62,400
63,200
24%
25%
Fertiliser
274,900
303,400
294,400
274,200
238,800
(9)%
15%
High analysis fertiliser
47,800
36,700
42,400
56,100
37,500
30%
27%
Low analysis fertiliser
227,100
266,700
252,000
218,100
201,200
(15)%
13%
Dicalcium phosphate (DCP)
31,500
38,700
33,700
38,700
36,200
(19)%
(13)%
Fertiliser sales volumes
247,300
194,400
339,600
317,500
208,500
27%
19%
Iron Ore and Manganese (tonnes)
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q1 2016
vs.
Q4 2015
Q1 2016
vs.
Q1 2015
Kumba Iron Ore
Lump
5,669,700
7,029,100
7,322,300
6,761,800
7,889,900
(19)%
(28)%
Fines
3,254,800
3,906,100
4,068,600
3,622,900
4,277,500
(17)%
(24)%
Total Kumba production
8,924,500
10,935,200
11,390,900
10,384,700
12,167,400
(18)%
(27)%
Sishen
5,841,800
7,661,300
7,669,800
7,176,200
8,885,500
(24)%
(34)%
Kolomela
2,713,100
2,853,800
3,347,800
2,880,300
2,972,500
(5)%
(9)%
Thabazimbi
369,600
420,100
373,300
328,200
309,400
(12)%
(19)%
Total Kumba production
8,924,500
10,935,200
11,390,900
10,384,700
12,167,400
(18)%
(27)%
Kumba sales volumes
RSA export iron ore
9,376,100
10,509,300
9,846,500
11,732,600
11,471,600
(11)%
(18)%
RSA domestic iron ore
1,167,700
533,500
960,700
1,348,000
1,434,600
119%
(19)%
Minas-Rio
Pellet feed (wet basis)
3,349,400
3,252,500
2,918,800
1,826,200
1,176,700
3%
185%
Minas-Rio sales volumes
Export - pellet feed (wet basis)
3,714,400
3,035,000
2,793,900
1,344,400
1,294,300
22%
187%
Samancor
Manganese ore(12)
775,900
596,000
923,200
805,700
786,700
30%
(1)%
Manganese alloys(12)(13)
32,100
43,500
43,700
53,600
72,800
(26)%
(56)%
Samancor sales volumes
Manganese ore
870,900
720,200
813,900
720,700
829,900
21%
5%
Manganese alloys
42,800
42,000
42,400
55,300
63,600
2%
(33)%
Coal (tonnes)
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q1 2016
vs.
Q4 2015
Q1 2016
vs.
Q1 2015
Australia
Metallurgical - Export Coking
3,378,900
4,302,100
4,115,000
3,743,800
3,746,900
(21)%
(10)%
Metallurgical - Export PCI
1,147,200
1,182,200
1,360,500
1,508,800
1,248,800
(3)%
(8)%
4,526,100
5,484,300
5,475,500
5,252,600
4,995,700
(17)%
(9)%
Thermal - Export
1,065,900
1,154,300
1,366,400
1,326,600
1,433,200
(8)%
(26)%
Thermal - Domestic
1,492,900
1,978,800
1,800,500
1,622,400
1,649,900
(25)%
(10)%
2,558,800
3,133,100
3,166,900
2,949,000
3,083,100
(18)%
(17)%
South Africa
Thermal - Export
3,976,000
3,878,000
4,887,200
 4,296,700 
4,341,700 
3%
(8)%
Thermal - Domestic (Eskom)
6,392,000
5,533,500
6,763,000
 6,774,000 
6,950,700 
16%
(8)%
Thermal - Domestic 
(Non-Eskom)
1,803,800
1,821,500
1,730,400
 1,590,000 
 1,702,000 
(1)%
6%
12,171,800
11,233,000
13,380,600
12,660,700 
12,994,400 
8%
(6)%
Colombia
Thermal - Export
2,610,000
2,628,100
2,526,800
2,944,400
2,975,000
(1)%
(12)%
Total Metallurgical coal production
4,526,100
5,484,300
5,475,500
5,252,600
4,995,700
(17)%
(9)%
Total Export Thermal coal production
7,651,900
7,660,400
8,780,400
8,567,700
8,749,900
-
(13)%
Total Domestic Thermal coal production
9,688,700
9,333,800
10,293,900
9,986,400
10,302,600
4%
(6)%
Total Coal production
21,866,700
22,478,500
24,549,800
23,806,700
24,048,200
(3)%
(9)%
Sales volumes (own mined)
Australia 
Metallurgical - Export(14)
4,815,800
5,396,000
5,480,900
5,103,100
5,113,400
(11)%
(6)%
Thermal - Export
1,173,000
1,341,700
1,638,600
1,505,800
1,418,200
(13)%
(17)%
Thermal - Domestic
1,506,800
1,915,800
1,871,900
1,670,500
1,591,000
(21)%
(5)%
South Africa
Thermal - Export
4,343,200
5,188,700
4,568,600
4,967,400
5,195,200 
(16)%
(16)%
Thermal - Domestic
7,828,600
6,763,300
7,977,800
8,203,900
8,746,600
22%
(6)%
Colombia
 Thermal - Export
2,339,000
2,565,100
2,853,400
2,765,700
3,005,100
(9)%
(22)%
Coal by mine (tonnes)
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q1 2016
vs.
Q4 2015
Q1 2016
vs.
Q1 2015
Australia
Callide
1,748,200
2,295,200
1,988,900
1,789,300
1,857,000
(24)%
(6)%
Capcoal 
(incl. Grasstree)
1,760,000
2,283,800
2,353,300
1,793,500
2,259,100
(23)%
(22)%
Dawson
1,006,000
1,025,800
1,249,400
1,375,500
663,800
(2)%
52%
Drayton
349,900
351,300
600,400
462,800
707,500
0%
(51)%
Foxleigh
434,500
376,300
494,800
511,200
478,300
15%
(9)%
Grosvenor
203,000
179,100
147,300
121,800
51,600
13%
293%
Jellinbah
758,400
872,700
798,400
766,400
763,900
(13)%
(1)%
Moranbah North
824,900
1,233,200
1,009,900
1,381,100
1,297,600
(33)%
(36)%
7,084,900
8,617,400
8,642,400
8,201,600
8,078,800
(18)%
(12)%
South Africa
Goedehoop
1,001,300
896,000
1,151,200
 1,106,100 
1,133,800
12%
(12)%
Greenside
806,300
897,200
1,059,600 
 992,300 
927,500
(10)%
(13)%
Zibulo
1,390,000
1,306,400
1,592,500 
 1,385,000 
1,281,100
6%
9%
Kleinkopje
966,400
824,900
895,200 
 572,000 
860,300
17%
12%
Landau
1,003,200
1,079,200
1,144,600 
 1,065,000 
979,900
(7)%
2%
Mafube
379,100
366,500
370,100 
 344,500 
361,500
3%
5%
New Vaal
3,521,800
2,811,500
3,576,700 
 4,211,200 
3,548,600
25%
(1)%
New Denmark
604,300
643,000
881,600 
 441,100 
872,600
(6)%
(31)%
Kriel
1,339,800
1,185,900
1,613,000 
 1,546,000 
1,813,300
13%
(26)%
Isibonelo
1,159,600
1,222,400
1,096,100 
 997,500 
1,215,800
(5)%
(5)%
12,171,800
11,233,000
13,380,600 
12,660,700
12,994,400
8%
(6)%
Colombia
Carbones del Cerrejn
2,610,000
2,628,100
2,526,800
2,944,400
2,975,000
(1)%
(12)%
Total Coal production
21,866,700
22,478,500
24,549,800
23,806,700
24,048,200
(3)%
(9)%
(1) Number of Sights (sales cycles) in each quarter as follows: 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) 4E: the grade measured as the combined content of the four most valuable precious metals: platinum, palladium, rhodium and gold 
(4) Excludes Anglo American Platinum's copper production
(5) ASCu = acid soluble copper
(6) TCu = total copper
(7) Anglo American's share of Collahuasi production is 44% 
(8) Anglo American ownership interest of Anglo American Sur is 50.1%.Production is stated at 100% as Anglo American consolidates Anglo American Sur 
(9) Difference between total copper production and attributable copper production arises from Anglo American's 44% interest in Collahuasi
(10) Relates to sales made on behalf of Mantos Copper (previously Mantos Blancos and Mantoverde mines)
(11) Excludes Anglo American Platinum's nickel production
(12) Saleable production 
(13) Production includes medium carbon ferro-manganese
(14) Includes both hard coking coal and PCI sales volumes
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
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

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The company news service from the London Stock Exchange
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