REG - Anglo American PLC - Anglo American Q3 2016 Production Report <Origin Href="QuoteRef">AAL.L</Origin> - Part 1

Anglo AmericanAnnouncement

25/10/2016 07:05

RNS Number : 3364N
Anglo American PLC
25 October 2016
NEWSRELEASE
25 October2016
AngloAmerican plc
ProductionReport for thethird quarterended 30September2016
Click on, or paste the following link into your web browser, to view the associated PDF document
http://www.rns-pdf.londonstockexchange.com/rns/3364N_-2016-10-24.pdf
Overview
Q3 2016
Q3 2015
% vs. Q3 2015
YTD 2016
YTD 2015
% vs. YTD 2015
Diamonds (Mct)(1)
6.3
6.0
4%
19.6
21.6
(9)%
Platinum (produced ounces) (koz)(2)
619
614
1%
1,772
1,739
2%
Copper retained operations (t)(3)(4)(5)
139,800
153,100
(9)%
430,500
456,600
(6)%
Nickel (t)(6)
11,300
6,800
66%
33,600
19,800
70%
Iron ore - Kumba (Mt)
11.8
11.4
3%
29.5
33.9
(13)%
Iron ore - Minas-Rio (Mt)(7)
4.5
2.9
53%
11.3
5.9
91%
Export metallurgical coal (Mt)
5.5
5.5
1%
15.5
15.7
(1)%
Export thermal coal (Mt)(8)
8.8
8.8
0%
24.5
26.1
(6)%
MarkCutifani,AngloAmericanChiefExecutive,said"Operational improvements continue across the portfolio, delivering a 4% production increase on a copper equivalent basis(9) in the third quarter, and a 12% increase compared to Q2 2016. The latter increase is largely due to the strong recovery at Kumba's Sishen mine, a 46% production increase, following the successful completion of its restructuring. In our diamond and platinum businesses we continue to maintain discipline on volumes by mining to demand, whilst the ramp-ups at Minas-Rio and Grosvenor are progressing well, and Barro Alto has now reached nameplate capacity. The modestly higher production at De Beers is reflective of improved market conditions relative to Q3 2015, but we maintain a cautious outlook."
 Diamondproductionincreasedby4%to6.3 millioncarats compared with Q3 2015 when production was reduced in response to the prevailing trading conditions.
 Platinum production(expressedas metalinconcentrate)(2)was broadly unchanged, increasing by1%to619,000ounces. Refinedplatinumproduction increasedby14%to694,700ounces, followingrecovery atthePreciousMetalsRefinery.
 Copper productionfromthe retainedoperationsdecreased by9%to139,800tonnes. Expectedlowergrades at Los Bronces and the impact of strikes at Los Bronces and El Soldado, were partlyoffsetbystrong plant performance and higher grades atCollahuasi.
 Nickelproductionincreasedby66%to11,300tonnes followingthesuccessfulcompletionofthe BarroAltofurnacerebuildsin2015.
 Iron oreproductionfromKumbaincreasedby 3% (33% vs. Q2 2016)to11.8milliontonnes due to productivity improvements at Sishen following its restructuring.
 IronoreproductionfromMinas-Rio increased by 53%to4.5million tonnes (wet basis)asthe operationcontinuesto ramp-up.
 Exportmetallurgicalcoalproductionwas broadly unchanged, increasing by 1% to 5.5milliontonnesdueto the ramp-upatGrosvenor and a longwall move at Moranbah in Q3 2015, offsetting geological issues at Grasstree and the sale of Foxleigh, which completed on 30 August 2016.
 Export thermal coal production remained flat at 8.8 million tonnes. An increase in production at Cerrejn was offset by a ramp-down at Drayton where mining activities will cease in Q4 2016.
     (1) DeBeers production on 100% basis except the Gahcho Ku joint venture which is on an attributable 51% basis; (2) Reflects own mine production and purchases of metal in concentrate. (3) Copper production from the Copper business unit; (4) Copper production shown on a contained metal basis; (5) 2015 Copper production normalised for the sale of Anglo American Norte; (6) Nickel production from the Nickel business unit; (7) Wet basis; (8) Export thermal coal includes production from Australia, South Africa and Colombia; (9) Copper equivalent production is normalised for the sale of Anglo American Norte and the Kimberley mine, and to reflect Snap Lake being placed on care and maintenance..
DE BEERS
Diamonds(1)
Q3
2016
Q3
2015
Q3 2016
vs.
Q3 2015
Q2
2016
Q3 2016
vs.
Q2 2016
YTD
2016
YTD
2015
YTD 2016 vs.
YTD 2015
Debswana
000 carats
4,549
4,074
12%
5,184
(12)%
15,061
15,619
(4)%
Namdeb Holdings
000 carats
405
466
(13)%
296
37%
1,145
1,359
(16)%
DBCM
000 carats
1,094
1,036
6%
821
33%
2,847
3,214
(11)%
De Beers Canada
000 carats
225
436
(48)%
147
53%
534
1,448
(63)%
Total carats recovered
000 carats
6,273
6,012
4%
6,448
(3)%
19,587
21,640
(9)%
(1) De Beers production is on a 100% basis, except for the Gahcho Ku joint venture which is on an attributable 51% basis.
DeBeers-Diamondproductionincreasedby4%to6.3 millioncarats compared with Q3 2015 when production was reduced in response to the prevailing trading conditions. 
AtDebswana (Botswana), productionincreased by 12%to 4.5millioncaratswith production at Jwaneng increasing by 47% as a result of planned maintenance in Q3 2015 being prioritised in light of trading conditions. This was partly offset by a planned 22% decrease at Orapa to align aggregate production to trading conditions.
ProductionatDBCM(SouthAfrica)increasedby 6%to1.1millioncarats largely as a result of processing higher grades at Venetia and increased throughput at Voorspoed. This was partly offset by the early completionofthesaleof KimberleyMinesinJanuary2016.
ProductionatNamdebHoldings(Namibia)decreased by 13%to0.4millioncaratswith lowergradesatNamdeb Land, and the Debmar Pacific vessel being in port for planned maintenance in Q3 2016 at Debmarine Namibia.
ProductioninCanada decreased by 48%to0.2millioncaratsduetoSnapLakebeingplacedon careandmaintenanceinDecember2015.This was partially offset by first production at Gahcho Ku. Gahcho Ku was officially opened on 20 September 2016 and ramp-up is progressing well.
ConsolidatedroughdiamondsalesinQ32016increased by 77% to5.3millioncarats.This increasereflected improved trading conditions from those experienced in Q3 2015, when higher pipeline stock impacted midstream demand. 
FullYearGuidance
Fullyearproductionguidanceremainsunchangedat26-28millioncarats,subject totradingconditions.
PLATINUM
Platinum
Q3
2016
Q3
2015
Q3 2016
vs.
Q3 2015
Q2
2016
Q3 2016
vs.
Q2 2016
YTD
2016
YTD
2015
YTD 2016 vs. 
YTD 2015
Produced ounces(1)
Platinum
000 oz
619
614
1%
586
6%
1,772
1,739
2%
Refined
Platinum
000 oz
695
611
14%
748
(7)%
1,703
1,714
(1)%
Palladium
000 oz
413
391
6%
472
(13)%
1,067
1,127
(5)%
Rhodium
000 oz
87
78
12%
91
(4)%
225
220
3%
Copper - Refined
t
3,800
4,200
(10)%
3,700
3%
10,800
12,100
(11)%
Copper - Matte(2)
t
0
0
0%
0
0%
0
300
(100)%
Nickel - Refined
t
7,100
6,400
11%
6,400
11%
19,200
18,100
6%
Nickel - Matte(2)
t
0
0
0%
0
0%
0
400
(100)%
Gold
000 oz
24
23
5%
22
8%
74
84
(11)%
(1) Reflects own mine production and purchases of metal in concentrate.
(2) Copper andnickelrefined through third parties is shown as productionof coppermatte andnickelmatte.
Platinum-Production(metalinconcentrate)was broadly unchanged, increasing by1%to619,100ounces.
Mogalakwenaproductionincreasedby 12%to 100,700ounces. This was driven by a 19% increase in tonnes milled due to increased plant efficiencies and throughput, though Q3 2015 was impacted by community disruption. The increase is partially offset by areturntonormalisedgrades of 2.92g/t, with normalised grades ranging between 2.8g/t to 3.0g/t.
Amandelbult production was broadly unchanged, increasing by 1% to 128,300 ounces. 
Unki production increased by 16% to 18,200 ounces. Improved underground mining efficiencies resulted in a 5% increase in tonnes milled, complemented by a 9% increase in grade.
Independently managed production (mined and purchased, but excluding third party purchase of concentrate) was broadly unchanged, decreasing by 1% to 207,100 ounces, driven primarily by Bokoni due to the closure of two shafts in Q4 2015. This was offset by strong performance at Modikwa, Kroondal and BRPM.
Production from Rustenburg operations including the Western Limb Tailings Retreatment decreased by 3% to 120,900 ounces. Production was impacted by two fatalities in Q3 2016.
Following the restructuring at Union, the mine continued to perform in line with its optimised mine plan, maintaining production at 37,700 ounces, despite a reduction in labour.
Refined platinum production increased by 14% to 694,600 ounces as a result of processing additional matte material that had built-up after a Section 54 safety stoppage in Q1 2016 at the Precious Metals Refinery. 
As announced by Anglo American Platinum on 13 September 2016, following the run-out Platinum's Waterval Smelter on 10 September 2016, the furnace rebuild has been brought forward from the planned date in 2018, and will proceed in Q4 2016. This has impacted Q3 2016 refined production by c.6,000 ounces and is now estimated to impact full year refined production by c.75,000 (previously 70,000-100,000) ounces. The furnace rebuild will result in a build-up of concentrate ahead of being smelted, however this will be processed in full by the end of 2017. Mining and concentrating activities are unaffected, therefore there is no change to the full year production guidance.
FullYearGuidance
Fullyearproductionguidance(metalinconcentrate)remainsunchangedatbetween2.3-2.4million ounces.
COPPER
Copper(1)
Q3 2016
Q3 2015
Q3 2016 vs.
Q3 2015
Q2 2016
Q3 2016 vs. 
Q2 2016
YTD 2016
YTD 2015
YTD 2016 vs. YTD 2015
Collahuasi (44% share)
t
57,000
43,500
31%
56,200
1%
164,300
138,800
18%
Los Bronces mine
t
72,100
98,600
(27)%
75,600
(5)%
232,900
290,700
(20)%
Copper retained operations(2)
t
139,800
153,100
(9)%
144,200
(3)%
430,500
456,600
(6)%
Total attributable copper production
t
139,800
171,100
(18)%
144,200
(3)%
430,500
527,400
(18)%
(1) Copperproduction shown on acontained metalbasis
(2) Anglo American Norte excluded forallperiods
Copper-Copperproductionfromtheretainedoperations(excludingAANorteassetssoldeffective
1 September2015)decreasedby9%to139,800tonnesandby3%comparedtoQ22016.
Production from Los Bronces decreased by 27% to 72,100 tonnes due to expected lower grades (0.65% vs 0.87%) mainly as a consequence of lower mine development in higher grade areas in H1 following severe weather, as previously reported. In addition, operations were disrupted by a seven day strike in September (c.7kt impact on production).
At Collahuasi, attributable production increased by 31% to 57,000 tonnes due to higher grades (1.23% vs. 1.09%) and continued strong plant performance. Significant maintenance to the SAG lines also took place in Q3 2015. 
El Soldado production decreased by 3% to 10,700 tonnes due largely to the impact of a 13-day strike that took place in July (c.4kt impact on production).
FullYearGuidance
Full year guidance for 2016 remains at 570,000 - 600,000 tonnes. 
NICKEL
Nickel
Q3
2016
Q3
2015
Q32016 vs.
Q32015
Q2
2016
Q32016 vs.
Q22016
YTD
2016
YTD
2015
YTD2016 vs.
YTD2015
Nickel
t
11,300
6,800
66%
11,100
2%
33,600
19,800
70%
Nickel-Nickelproduction increasedby66%to11,300tonnesfollowingthe successfulrebuild of bothBarroAltofurnaces,whicharenowproducingatnameplatecapacity.Productionfrom Codemin increased by 10% to 2,300 tonnes.
FullYearGuidance
Full yearproductionguidanceremainsunchangedat45,000-47,000tonnes.
NIOBIUM
Niobium
Q3
2016
Q3
2015
Q32016 vs.
Q32015
Q2
2016
Q32016 vs.
Q22016
YTD
2016
YTD
2015
YTD2016 vs.
YTD2015
Niobium
t
2,100
1,800
17%
1,200
75%
4,700
4,700
0%
Niobium -Niobiumproductionincreasedby 17%to2,100tonnes reflecting the continued ramp-up of the BVFR plant, with record production achieved in July.
The sale of the Niobium and Phosphates businesses completed as at the end of 30 September 2016.
PHOSPHATES
Phosphates
Q3
2016
Q3
2015
Q32016 vs.
Q32015
Q2
2016
Q32016 vs.
Q22016
YTD
2016
YTD
2015
YTD2016 vs.
YTD2015
Phosphates
Concentrate
t
342,400
363,100
(6)%
358,000
(4)%
1,033,400
985,700
 5%
Phosphoric acid
t
80,900
75,600
 7%
73,600
10%
 233,600
201,200
16%
Fertiliser
t
303,500
294,400
3%
285,900
6%
 864,300
807,400
7%
Dicalciumphosphate(DCP)
t
40,900
33,700
21%
41,500
(1)%
113,900
 108,600
 5%
Phosphates-Production of concentrate, phosphoric acid and fertiliser was largely unchanged. DCPproductionincreased by21%, driven by improved operational stability and increased phosphoric acid availability (due to both higher production and product mix optimisation).
The sale of the Niobium and Phosphates businesses completed as at the end of 30 September 2016.
IRON OREANDMANGANESE
IronOre andManganese
Q3
2016
Q3
2015
Q32016 vs.
Q32015
Q2
2016
Q32016 vs.
Q22016
YTD
2016
YTD
2015
YTD2016 vs.
YTD2015
Iron ore-Kumba
000 t
11,760
11,391
3%
8,864
33%
29,548
33,943
(13)%
Iron ore-Minas-Rio(1)
000 t
4,452
2,919
53%
3,484
28%
11,286
5,922
91%
Manganese ore(2)
000 t
762
923
(17)% 
791
(4)%
2,329
2,516
(7)%
Manganese alloys(3)
000 t
39
44
(11)%
30
31%
101
170
(41)%
(1) Wet basis
(2) Saleableproduction
(3) Productionincludes mediumcarbon ferro-manganese
KumbaIronOre-Ironoreproductionincreasedby3%to 11.8milliontonnes.
Sishenproductionincreasedby 9% (46% against Q2 2016)to8.3milliontonnes underpinned by higher quality feedstock material and improved plant yields. The restructuring has been completed and the mine successfully transitioned to a 3-shift roster system in September 2016 which is expected to result in further improvements in equipment efficiencies over the medium term. Consistent with the mine's lower cost pit configuration, wasteremovaldecreasedto 35milliontonnescomparedto60milliontonnesinQ32015. Waste run rates remain in line with the full year guidance. 
Kolomelaproductionwas broadly unchanged at3.4milliontonnes.
Exportsalesincreasedby 5%to10.3milliontonnesreflectinghigherproduction.Totalfinishedproduct stockswere3.1milliontonnes,comparedwith2.3milliontonnesat30 June 2016. 
FullYearGuidance
Full year production guidance for Sishen remains unchanged at ~27 million tonnes and waste volumes of between 135-150 million tonnes. Kolomela is expected to marginally exceed its full year guided production of ~12 million tonnes, with a commensurate increase in waste, which has previously been guided at 46-48 million tonnes.
IronOreBrazil-IronoreproductionfromMinas-Rio increasedto4.5 milliontonnes (wet basis)during Q32016,a28%increasecomparedtoQ22016,asthe operationcontinuesitsramp-up.
In July 2016, a provisional licence approval was granted and allowed immediate access to the next tranche of reserves, which brought forward an increase in availability and reduction in variability of run-of-mine material, leading to overall improved operational performance in Q3 2016. The final approval of this licence was obtained in October 2016.
FullYear guidance
Full yearproductionguidanceforIronOreBrazil remains unchanged at 15-17 milliontonnes(wetbasis).
Manganeseore-Manganeseoreproductiondecreased by 17% fromQ32015 due to revised production levels in response to market conditions. The mines are now running at the optimised rate following the decision to stop work at the South African Wessels underground mine following a fatality in June 2016.
Manganesealloy-Manganesealloyproductiondecreased by11%as the South African Manganese operations continue to only operate one of its four furnaces due to market conditions.
COAL
Coal
Q3
2016
Q3
2015
Q32016
vs.
Q32015
Q2
2016
Q32016
vs.
Q22016
YTD
2016
YTD
2015
YTD2016
vs.
YTD2015
Australia
Metallurgical-Export
000 t
5,507
5,476
1%
5,483
0%
15,516
15,724
(1)%
Thermal-Export
000 t
1,113
1,366
(19)%
1,107
1%
3,286
4,126
(20)%
Thermal- Domestic
000 t
1,682
1,801
(7)%
1,717
(2)%
4,892
5,073
(4)%
SouthAfrica
Thermal-Export
000 t
4,751
4,887
(3)%
4,656
2%
13,383
 13,526
(1)%
Thermal- Domestic (Eskom)
000 t
8,084
6,763
20%
6,709
20%
21,185
20,488
3%
Thermal- Domestic (Non- Eskom)
000 t
1,856
1,730
7%
1,824
2%
5,484
5,022
9%
Colombia
Thermal-Export
000 t
2,928
2,527
16%
2,330
26%
7,867
8,446
(7)%
Australia-Exportmetallurgicalcoalproduction was broadly unchanged, increasing by 1%to5.5milliontonnesdueto production ramping up at Grosvenor and a Q3 2015 longwall move at Moranbah, offset by the sale of the Foxleigh open cut mine (completed on 30 August 2016) and geological issues at Grasstree ahead of the planned longwall move.
Australian export thermal coal production decreased by 19% to 1.1 million tonnes as Drayton continues to ramp down to a full cessation of mining activities in Q4 2016. 
SouthAfrica- Export thermalcoalproduction decreasedby3%to4.8million tonnes. This is primarily due to Landau and Zibulo export production being re-directed into the domestic market for value. 
Eskom related production increased by 20% due to increased demand from Eskom and increased Eskom production at Kleinkopje.
Colombia-Cerrejn'sattributableproductionincreasedby16%to2.9milliontonnesdueto improved productivity and favourable weather conditions.
FullYearGuidance
Fullyearproductionguidanceforexportmetallurgical coal has been reduced to 20.5-21.5 million tonnes (previously 21-22million tonnes) due to the completion of the Foxleigh sale on 30 August 2016.
FullyearproductionguidanceforexportthermalcoalfromSouthAfricaandColombiaremains unchangedat28-30milliontonnes. 
EXPLORATIONANDEVALUATION
ExplorationandEvaluation expenditureforthe quartertotaled$51 million, a decreaseof 27%.
Exploration expenditure forthequartertotaled$26million,adecreaseof19%.
Evaluation expenditureforthequartertotaled$25million,adecreaseof 34%.
NOTE
This Production Report for the third quarter ended 30 September 2016 is unaudited.
PRODUCTION SUMMARY
ThefiguresbelowincludetheentireoutputofconsolidatedentitiesandtheGroup'sattributableshare ofjointoperations, associatesandjointventureswhereapplicable,exceptforDeBeers'joint ventureswhicharequotedona 100%basis unless otherwise stated.
De Beers
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q3 2016
vs.
Q2 2016
Q3 2016
vs.
Q3 2015
YTD
2016
YTD
2015
YTD 2016 vs.
YTD 2015
Carats recovered
100% basis (unless otherwise stated)
Orapa
1,536,000
2,028,000
2,001,000
2,516,000
1,959,000
(24)%
(22)%
5,565,000
7,361,000
(24)%
Letlhakane
176,000
159,000
125,000
73,000
134,000
11%
31%
460,000
433,000
6%
Damtshaa
-
-
-
59,000
45,000
-
(100)%
-
162,000
(100)%
Jwaneng
2,837,000
2,997,000
3,202,000
2,101,000
1,936,000
(5)%
47%
9,036,000
7,663,000
18%
Debswana
4,549,000
5,184,000
5,328,000
4,749,000
4,074,000
(12)%
12%
15,061,000
15,619,000
(4)%
Namdeb
120,000
94,000
72,000
119,000
148,000
28%
(19)%
286,000
375,000
(24)%
Debmarine Namibia
285,000
202,000
372,000
286,000
318,000
41%
(10)%
859,000
984,000
(13)%
Namdeb Holdings
405,000
296,000
444,000
405,000
466,000
37%
(13)%
1,145,000
1,359,000
(16)%
Kimberley
-
-
68,000
242,000
192,000
- 
(100)%
68,000
595,000
(89)%
Venetia
898,000
695,000
706,000
1,033,000
712,000
29%
26%
2,299,000
2,099,000
10%
Voorspoed
196,000
126,000
158,000
184,000
132,000
56%
48%
480,000
520,000
(8)%
DBCM
1,094,000
821,000
932,000
1,459,000
1,036,000
33%
6%
2,847,000
3,214,000
(11)%
Snap Lake
-
-
3,000
280,000
283,000
- 
(100)%
3,000
963,000
(100)%
Victor
142,000
147,000
159,000
159,000
153,000
(3)%
(7)%
448,000
485,000
(8)%
Gahcho Ku (51% basis)
83,000
-
-
-
-
-
-
83,000
-
-
De Beers Canada
225,000
147,000
162,000
439,000
436,000
53%
(48)%
534,000
1,448,000
(63)%
Total carats recovered
6,273,000
6,448,000
6,866,000
7,052,000
6,012,000
(3)%
4%
19,587,000
21,640,000
(9)%
Sales volumes (1)
Total sales volume - carats (100%)(Mct)
5.7
10.2
8.1
3.6
3.0
(44)%
90%
24.0
17.0
41%
Consolidated sales volume - carats(Mct)
5.3
9.6
7.6
3.6
3.0
(45)%
77%
22.6
16.3
39%
Platinum
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q3 2016
vs.
Q2 2016
Q3 2016
vs.
Q3 2015
YTD
2016
YTD
2015
YTD 2016 vs.
YTD 2015
Refined production
 Platinum (troy oz)
694,600
747,600
260,800
744,900
610,900
(7)%
14%
1,703,100
1,713,900
(1)%
Palladium (troy oz)
412,900
472,300
181,600
468,400
390,700
(13)%
6%
1,066,800
1,126,500
(5)%
Rhodium (troy oz)
86,800
90,700
47,700
85,700
77,600
(4)%
12%
225,200
219,500
3%
Copper refined (tonnes)(2)
3,800
3,700
3,300
4,700
4,200
3%
(10)%
10,800
12,100
(11)%
Copper matte (tonnes)(2)
-
-
-
-
-
0%
0%
-
300
(100)%
Nickel refined (tonnes)(2)
7,100
6,400
5,700
7,300
6,400
11%
11%
19,200
18,100
6%
Nickel matte (tonnes)(2)
-
-
-
-
-
0%
0%
-
400
(100)%
Gold (troy oz)
24,100
22,300
27,900
29,500
23,000
8%
5%
74,300
83,500
(11)%
 Mogalakwena (troy oz)
100,700
98,800
109,000
98,500
89,700
2%
12%
308,500
294,000
5%
 Amandelbult (troy oz)
128,300
106,200
110,900
120,900
127,600
21%
1%
345,400
316,600
9%
 Unki (troy oz)
18,200
17,800
18,600
18,600
15,700
2%
16%
54,600
47,900
14%
 Independently managed (troy oz)
207,100
203,200
185,100
199,100
209,000
2%
(1)%
595,400
569,300
5%
 Rustenburg (troy oz)
120,900
112,300
106,400
117,800
124,000
8%
(3)%
339,500
367,600
(8)%
 Union (troy oz)
37,700
41,200
34,300
38,000
37,700
(8)%
0%
113,200
103,200
10%
 Other(3) (troy oz)
6,200
6,200
2,700
5,100
10,500
0%
(41)%
15,100
40,700
(63)%
Produced ounces 
Platinum (troy oz)
619,100
585,700
567,000
598,000
614,300
6%
1%
1,771,700
1,739,300
2%
4E built-up head grade (g/tonne milled)(4)
3.19
3.00
3.11
3.24
3.27
6%
(2)%
3.10
3.23
(4)%
Platinum sales volumes
588,000
808,400
412,800
621,800
690,100
(27)%
(15)%
1,809,200
1,849,500
(2)%
Copper (tonnes) on a contained metal basis unless stated otherwise(5)
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q3 2016
vs.
Q2 2016
Q3 2016
vs.
Q3 2015
YTD
2016
YTD
2015
YTD 2016 vs.
YTD 2015
Collahuasi 100% basis (Anglo American share 44%)
Ore mined
17,131,800
15,277,400
14,858,200
22,468,800
18,879,300
12%
(9)%
47,267,400
57,104,700
(17)%
Ore processed - Oxide
-
-
-
-
1,484,900
-
(100)%
-
4,653,900
(100)%
Ore processed - Sulphide
12,522,100
12,479,200
12,102,800
12,801,300
9,464,800
0%
32%
37,104,100
30,989,300
20%
Ore grade processed - Oxide 
(% ASCu)(6)
-
-
-
-
0.63
-
-
-
0.63
-
Ore grade processed - Sulphide (% TCu)(7)
1.23
1.21
1.15
1.25
1.09
2%
13%
1.20
1.11
8%
Production - Copper cathode
800
1,400
1,900
3,100
6,000
(43)%
(87)%
4,100
19,100
(79)%
Production - Copper in concentrate
128,900
126,300
114,200
136,800
92,800
2%
39%
369,400
296,300
25%
Total copper production for Collahuasi
129,700
127,700
116,100
139,900
98,800
2%
31%
373,500
315,400
18%
Anglo American's share of copper production for Collahuasi(8)
57,000
56,200
51,100
61,500
43,500
1%
31%
164,300
138,800
18%
Anglo American Sur 
Los Bronces mine(9)
Ore mined
13,947,400
13,477,900
10,487,900
13,252,200
10,112,600
3%
38%
37,913,200
37,006,300
2%
Marginal ore mined
6,192,800
6,148,500
13,402,300
11,673,100
7,733,600
1%
(20)%
25,743,600
27,579,500
(7)%
Ore processed - Sulphide
11,511,700
12,567,500
12,055,300
14,115,200
11,584,300
(8)%
(1)%
36,134,500
31,281,700
16%
Ore grade processed - Sulphide (% TCu)
0.65
0.62
0.74
0.83
0.87
5%
(25)%
0.67
0.97
(31)%
Production - Copper cathode
8,800
8,900
9,700
9,700
8,500
(1)%
4%
27,400
25,300
9%
Production - Copper in concentrate
63,300
66,700
75,500
101,300
90,100
(5)%
(30)%
205,500
265,400
(23)%
Production total
72,100
75,600
85,200
111,000
98,600
(5)%
(27)%
232,900
290,700
(20)%
El Soldado mine(9)
Ore mined
1,678,300
2,143,000
1,448,000
1,280,000
951,600
(22)%
76%
5,269,300
3,928,100
34%
Ore processed - Sulphide
1,553,200
1,741,200
1,836,100
1,557,500
1,441,800
(11)%
8%
5,130,500
4,407,900
16%
Ore grade processed - Sulphide (% TCu)
0.86
0.89
0.75
0.79
0.90
(3)%
(4)%
0.83
0.76
9%
Production - Copper cathode
-
-
-
-
-
-
-
-
200
(100)%
Production - Copper in concentrate
10,700
12,400
10,200
8,900
11,000
(14)%
(3)%
33,300
26,900
23%
Production total
10,700
12,400
10,200
8,900
11,000
(14)%
(3)%
33,300
27,100
22%
Chagres Smelter(9)
Ore smelted
35,500
36,500
35,900
35,900
39,900
(3)%
(11)%
107,900
113,200
(5)%
Production
34,700
35,500
35,200
34,900
38,900
(2)%
(11)%
105,400
110,200
(4)%
Total copper production for Anglo American Sur
82,800
88,000
95,400
119,900
109,600
(6)%
(24)%
266,200
317,800
(16)%
Anglo American Norte
Mantos Blancos mine
Ore processed - Sulphide
-
-
-
-
718,400
-
(100)%
-
2,835,500
(100)%
Ore grade processed - Sulphide (% TCu)
-
-
-
-
0.75
-
-
-
0.76
-
Production - Copper cathode
-
-
-
-
5,000
-
(100)%
-
20,400
(100)%
Production - Copper in concentrate
-
-
-
-
4,500
-
(100)%
-
18,100
(100)%
Production total
-
-
-
-
9,500
-
(100)%
-
38,500
(100)%
Mantoverde mine
Ore processed - Oxide
-
-
-
-
1,838,000
-
(100)%
-
6,605,300
(100)%
Ore processed - Marginal ore 
-
-
-
-
1,658,000
-
(100)%
-
5,944,800
(100)%
Ore grade processed - Oxide (% ASCu) 
-
-
-
-
0.51
-
-
-
0.52
-
Ore grade processed - Marginal ore (% ASCu)
-
-
-
-
0.20
-
-
-
0.21
-
Production - Copper cathode
-
-
-
-
8,500
-
(100)%
-
32,300
(100)%
Total copper production for Anglo American Norte
-
-
-
-
18,000
-
(100)%
-
70,800
(100)%
Total Copper segment copper production
212,500
215,700
211,500
259,800
226,400
(1)%
(6)%
639,700
704,000
(9)%
Total Attributable copper production(10)
139,800
144,200
146,500
181,400
171,100
(3)%
(18)%
430,500
527,400
(18)%
Total Attributable payable copper production
135,000
139,200
141,600
175,300
165,800
(3)%
(19)%
415,800
511,600
(19)%
Total Attributable sales volumes
135,400
143,500
137,500
183,000
178,400
(6)%
(24)%
416,400
522,600
(20)%
Total Attributable payable sales volumes
130,700
138,500
133,000
176,700
172,900
(6)%
(24)%
402,200
506,800
(21)%
Third party sales(11)
26,000
6,700
9,200
41,400
-
288%
100%
41,900
-
100%
Nickel (tonnes)
unless stated otherwise(12)
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q3 2016
vs.
Q2 2016
Q3 2016
vs.
Q3 2015
YTD
2016
YTD
2015
YTD 2016 vs.
YTD 2015
Barro Alto
Ore mined
974,100
835,300
457,000
453,200
1,351,700
17%
(28)%
2,266,400
2,490,400
(9)%
Ore processed
610,000
569,200
598,100
566,400
330,700
7%
84%
1,777,300
906,400
96%
Ore grade processed - % Ni
1.76
1.76
1.77
1.77
1.79
0%
(1)%
1.76
1.79
(2)%
Production
9,000
8,800
8,900
8,100
4,700
2%
91%
26,700
13,100
104%
Codemin
Ore mined
-
7,600
-
-
-
n.m.
n.m
7,600
8,600
(12)%
Ore processed
144,000
151,300
151,400
 154,000
140,000
(5)%
3%
446,700
437,100
2%
Ore grade processed - % Ni
1.72
1.72
1.68
1.69
1.70
0%
1%
1.70
1.69
1%
Production
2,300
2,300
2,300
2,400
2,100
0%
10%
6,900
6,700
3%
Total Nickel segment nickel production
11,300
11,100
11,200
10,500
6,800
2%
66%
33,600
19,800
70%
Sales volumes
11,600
11,100
10,800
9,500
6,400
5%
81%
33,500
22,500
49%
Niobium
(tonnes) unless stated 
otherwise
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q3 2016
vs.
Q2 2016
Q3 2016
vs.
Q3 2015
YTD
2016
YTD
2015
YTD 2016 vs.
YTD 2015
Niobium
Ore mined
877,800
661,000
690,300
637,700
597,300
33%
47%
2,229,100
1,494,000
49%
Ore processed
594,700
601,100
484,800
580,700
578,400
(1)%
3%
1,680,600
1,650,600
2%
Ore grade processed - %Nb
1.06
0.95
0.91
1.00
0.93
12%
14%
0.98
0.94
4%
Production
2,100
1,200
1,400
1,600
1,800
75%
17%
4,700
4,700
0%
Sales volumes
1,600
1,900
1,100
800
1,400
(16)%
14%
4,600
4,300
7%
Phosphates 
(tonnes) unless stated 
otherwise
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q3 2016
vs.
Q2 2016
Q3 2016
vs.
Q3 2015
YTD
2016
YTD
2015
YTD 2016 vs.
YTD 2015
Phosphates
Concentrate
342,400
358,000
333,100
355,700
363,100
(4)%
(6)%
1,033,400
985,700
5%
Concentrate grade - %P2O5
37.1
37.1
36.6
36.7
36.8
0%
1%
36.9
36.8
0%
Phosphoric acid
80,900
73,600
79,100
63,900
75,600
10%
7%
233,600
201,200
16%
Fertiliser
303,500
285,900
274,900
303,400
294,400
6%
3%
864,300
807,400
7%
High analysis fertiliser
56,200
53,600
47,800
36,700
42,400
5%
33%
157,600
136,000
16%
Low analysis fertiliser
247,300
232,300
227,100
266,700
252,000
6%
(2)%
706,700
671,300
5%
Dicalcium phosphate (DCP)
40,900
41,500
31,500
38,700
33,700
(1)%
21%
113,900
108,600
5%
Fertiliser sales volumes
363,100
362,300
247,300
194,400
339,600
0%
7%
972,700
865,600
12%
Iron Ore and Manganese (tonnes)
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q3 2016
vs.
Q2 2016
Q3 2016
vs.
Q3 2015
YTD
2016
YTD
2015
YTD 2016 vs.
YTD 2015
Kumba Iron Ore
Lump
7,598,500
5,721,300
5,669,700
7,029,100
7,322,300
33%
4%
18,989,600
21,974,100
(14)%
Fines
4,161,400
3,142,300
3,254,800
3,906,100
4,068,600
32%
2%
10,558,500
11,968,900
(12)%
Total Kumba production
11,759,900
8,863,600
8,924,500
10,935,200
11,390,900
33%
3%
29,548,100
33,943,000
(13)%
Sishen
8,348,700
5,699,600
5,841,800
7,661,300
7,669,800
46%
9%
19,890,100
23,731,600
(16)%
Kolomela
3,411,200
3,164,000
2,713,100
2,853,800
3,347,800
8%
2%
9,288,300
9,200,600
1%
Thabazimbi
-
-
369,600
420,100
373,300
0%
(100)%
369,600
1,010,800
(63)%
Total Kumba production
11,759,900
8,863,600
8,924,500
10,935,200
11,390,900
33%
3%
29,548,000
33,943,000
(13)%
Kumba sales volumes
RSA export iron ore
10,343,200
8,729,700
9,376,100
10,509,300
9,846,500
18%
5%
28,449,000
33,050,700
(14)%
RSA domestic iron ore
706,900
936,000
1,167,700
533,500
960,700
(24)%
(26)%
2,809,600
3,743,300
(25)%
Minas-Rio production
Pellet feed (wet basis)
4,452,400
3,483,800
3,349,400
3,252,500
2,918,800
28%
53%
11,285,600
5,921,700
91%
Minas-Rio sales volumes
Export - pellet feed (wet basis)
4,510,400
3,223,900
3,714,400
3,035,000
2,793,900
40%
61%
11,448,700
5,432,600
111%
Samancor
Manganese ore(13)
761,700
791,300
775,900
596,000
923,200
(4)%
(17)%
2,328,900
2,515,600
(7)%
Manganese alloys(13)(14)
38,900
29,700
32,100
43,500
43,700
31%
(11)%
100,700
170,100
(41)%
Samancor sales volumes
Manganese ore
761,800
833,500
870,900
720,200
813,900
(9)%
(6)%
2,466,200
2,364,500
4%
Manganese alloys
49,200
46,400
42,800
42,000
42,400
6%
16%
138,400
178,800
(23)%
Coal (tonnes)
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q3 2016
vs.
Q2 2016
Q3 2016
vs.
Q3 2015
YTD
2016
YTD
2015
YTD 2016 vs.
YTD 2015
Australia
Metallurgical - Export Coking
4,326,600
3,997,500
3,378,900
4,302,100
4,115,000
8%
5%
11,703,000
11,605,700
1%
Metallurgical - Export PCI
1,180,000
1,485,800
1,147,200
1,182,200
1,360,500
(21)%
(13)%
3,813,000
4,118,000
(7)%
5,506,600
5,483,300
4,526,100
5,484,300
5,475,500
0%
1%
15,516,000
15,723,800
(1)%
Thermal - Export
1,112,700
1,107,000
1,065,900
1,154,300
1,366,400
1%
(19)%
3,285,600
4,126,200
(20)%
Thermal - Domestic
1,682,000
1,716,700
1,492,900
1,978,800
1,800,500
(2)%
(7)%
4,891,600
5,072,800
(4)%
2,794,700
2,823,700
2,558,800
3,133,100
3,166,900
(1)%
(12)%
8,177,200
9,199,000
(11)%
South Africa
Thermal - Export
4,750,900
4,655,800
3,976,000
3,878,000
4,887,200
2%
(3)%
13,382,700
13,525,600
(1)%
Thermal - Domestic (Eskom)
8,083,900
6,708,700
6,392,000
5,533,500
6,763,000
20%
20%
21,184,600
20,487,700
3%
Thermal - Domestic 
(Non-Eskom)
1,855,900
1,824,300
1,803,800
1,821,500
1,730,400
2%
7%
5,484,000
5,022,400
9%
14,690,700
13,188,800
12,171,800
11,233,000
13,380,600
11%
10%
40,051,300
39,035,700
3%
Colombia
Thermal - Export
2,927,800
2,329,500
2,610,000
2,628,100
2,526,800
26%
16%
7,867,300
8,446,200
(7)%
Total Metallurgical coal production
5,506,600
5,483,300
4,526,100
5,484,300
5,475,500
0%
1%
15,516,000
15,723,800
(1)%
Total Export Thermal coal production
8,791,400
8,092,300
7,651,900
7,660,400
8,780,400
9%
0%
24,535,600
26,098,000
(6)%
Total Domestic Thermal coal production
11,621,800
10,249,700
9,688,700
9,333,800
10,293,900
13%
13%
31,560,200
30,582,900
3%
Total Coal production
25,919,800
23,825,300
21,866,700
22,478,500
24,549,800
9%
6%
71,611,800
72,404,700
(1)%
Sales volumes (own mined)
Australia 
Metallurgical - Export(15)
5,512,700
5,403,200
4,815,800
5,396,000
5,480,900
2%
1%
15,731,700
15,697,400
0%
Thermal - Export
1,123,100
1,151,900
1,173,000
1,341,700
1,638,600
(3)%
(31)%
3,448,000
4,562,500
(24)%
Thermal - Domestic
1,604,000
1,653,400
1,506,800
1,915,800
1,871,900
(3)%
(14)%
4,764,200
5,133,400
(7)%
South Africa
Thermal - Export
4,159,300
4,744,000
4,343,200
5,188,700
4,568,600
(12)%
(9)%
13,246,500
14,731,100 
(10)%
Thermal - Domestic
9,522,400
8,187,200
7,828,600
6,763,300
7,977,800
16%
19%
25,538,200
24,928,300 
2%
Colombia
 Thermal - Export
2,905,100
2,843,800
2,339,000
2,565,100
2,853,400
2%
2%
8,087,900
8,624,200
(6)%
Coal by mine (tonnes)
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q3 2016
vs.
Q2 2016
Q3 2016
vs.
Q3 2015
YTD
2016
YTD
2015
YTD 2016 vs.
YTD 2015
Australia
Callide
1,938,900
1,805,300
1,748,200
2,295,200
1,988,900
7%
(3)%
5,492,400
5,635,200
(3)%
Capcoal 
(incl. Grasstree)
1,637,300
2,205,400
1,760,000
2,283,800
2,353,300
(26)%
(30)%
5,602,700
6,405,900
(13)%
Dawson
1,185,900
1,143,800
1,006,000
1,025,800
1,249,400
4%
(5)%
3,335,700
3,288,700
1%
Drayton
317,100
418,200
349,900
351,300
600,400
(24)%
(47)%
1,085,200
1,770,700
(39)%
Foxleigh
438,900
566,000
434,500
376,300
494,800
(22)%
(11)%
1,439,400
1,484,300
(3)%
Grosvenor
685,700
331,200
203,000
179,100
147,300
107%
366%
1,219,900
320,700
280%
Jellinbah
820,200
821,600
758,400
872,700
798,400
0%
3%
2,400,200
2,328,700
3%
Moranbah North
1,277,300
1,015,500
824,900
1,233,200
1,009,900
26%
26%
3,117,700
3,688,600
(15)%
8,301,300
8,307,000
7,084,900
8,617,400
8,642,400
0%
(4)%
23,693,200
24,922,800
(5)%
South Africa
Goedehoop
1,286,500
1,266,600
1,001,300
896,000
1,151,200
2%
12%
3,554,400
3,391,100 
5%
Greenside
1,111,400
990,700
806,300
897,200
1,059,600 
12%
5%
2,908,400
2,979,400 
(2)%
Zibulo
1,571,800
1,638,600
1,390,000
1,306,400
1,592,500 
(4)%
(1)%
4,600,400
4,258,500 
8%
Kleinkopje
1,166,800
757,100
966,400
824,900
895,200 
54%
30%
2,890,300
2,327,500 
24%
Landau
970,300
1,091,900
1,003,200
1,079,200
1,144,600 
(11)%
(15)%
3,065,400
3,189,500 
(4)%
Mafube
506,000
438,500
379,100
366,500
370,100 
15%
37%
1,323,600
1,076,000 
23%
New Vaal
4,350,500
4,027,700
3,521,800
2,811,500
3,576,700 
8%
22%
11,900,000
11,336,600 
5%
New Denmark
777,300
392,600
604,300
643,000
881,600 
98%
(12)%
1,774,200
2,195,300 
(19)%
Kriel
1,834,000
1,503,300
1,339,800
1,185,900
1,613,000 
22%
14%
4,677,100
4,972,300 
(6)%
Isibonelo
1,116,100
1,081,800
1,159,600
1,222,400
1,096,100 
3%
2%
3,357,500
3,309,500 
1%
14,690,700
13,188,800
12,171,800
11,233,000
13,380,600 
11%
10%
40,051,300
39,035,700 
3%
Colombia
Carbones del Cerrejn
2,927,800
2,329,500
2,610,000
2,628,100
2,526,800
26%
16%
7,867,300
8,446,200
(7)%
Total Coal production
25,919,800
23,825,300
21,866,700
22,478,500
24,549,800
9%
6%
71,611,800
72,404,700
(1)%
(1) Number of Sights (sales cycles) in each quarter as follows: Q3 2016: 2; Q2 2016: 3; Q1 2016: 2; Q4 2015: 3; Q3 2015: 2; Q2 2015; 2; Q1 2015: 3
(2) Copper and nickel refined through third parties is shown as production of copper matte and nickel matte
(3) Includes third party purchases and Twickenham
(4) 4E: the grade measured as the combined content of the four most valuable precious metals: platinum, palladium, rhodium and gold 
(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) Relates to sales of copper not produced by Anglo American operations
(12) Excludes Anglo American Platinum's nickel production
(13) Saleable production
(14) Production includes medium carbon ferro-manganese
(15) Includes both hard coking coal and PCI sales volumes
Note:
Productionfiguresaresometimes moreprecisethantheroundednumbersshowninthe commentary ofthisreport.Thepercentagechangewillreflectthepercentagechangeusingthe productionfiguresshownintheProductionSummaryofthisreport.
Forward-lookingstatements:
Thiscontainscertainforwardlookingstatementswhichinvolveriskanduncertainty becausethey relatetoeventsanddependoncircumstancesthatoccurinthefuture.Thereareanumberoffactors thatcouldcauseactualresultsordevelopmentstodiffermateriallyfromthoseexpressedorimplied bytheseforwardlookingstatements.
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
Trevor Dyer
trevor.dyer@angloamerican.com
Tel: +44 (0)20 7968 8992
South Africa
Pranill Ramchander
pranill.ramchander@angloamerican.com
Tel: +27 (0)11 638 2592
Ann Farndell
ann.farndell@angloamerican.com
Tel: +27 (0)11 638 2786
Sheena Jethwa
sheena.jethwa@angloamerican.com
Tel: +44 (0)20 7968 8680
Notestoeditors:
AngloAmericanisagloballydiversifiedminingbusiness.Ourportfolioofworld-classcompetitive miningoperationsandundeveloped resourcesprovidestheraw materialstomeetthegrowing consumer-drivendemandsoftheworld'sdevelopedandmaturingeconomies.Ourpeople areat theheartofour business.Itisourpeople whousethelatesttechnologiestofindnewresources, planandbuildourminesandwhomine,processandmoveandmarketourproducts-from diamonds (through DeBeers)toplatinumandotherpreciousmetalsandcopper-toour customersaroundtheworld.
Asaresponsibleminer,wearethecustodiansofthosepreciousresources.Weworktogetherwith ourkeypartnersandstakeholders tounlockthelong-termvaluethatthoseresourcesrepresent forourshareholders,butalsoforthecommunitiesandcountriesinwhichweoperate-creating sustainablevalueandmakingarealdifference.
www.angloamerican.com

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