REG - Anglo American PLC - Anglo American Q4 2014 Production Report <Origin Href="QuoteRef">AAL.L</Origin>

Anglo AmericanAnnouncement

28/01/2015 07:00

RNS Number : 3098D
Anglo American PLC
28 January 2015
28 January 2015
Anglo American plc
Production Report for the fourth quarter ended 31 December 2014
Overview
Q4 2014
Q4 2013
% vs. Q4 2013
Iron ore - Kumba (Mt)
12.4
11.3
10%
Iron ore - Minas-Rio (wmt)(1)
0.7
-
nm(2)
Export metallurgical coal (Mt)
4.9
4.7
4%
Export thermal coal (Mt)
9.7
9.5
2%
Copper (t)(3) (4)
174,800
214,300
(18)%
Nickel (t)(5)
6,700
10,200
(34)%
Platinum (equivalent refined) (koz)(6)
594
520
14%
Diamonds (Mct)(7)
8.4
9.1
(8)%
 Kumba Iron Ore production increased by 10% to 12.4 million tonnes following implementation of the production recovery plan and Anglo American Operating Model at Sishen. Waste removal at Sishen continues to be the operational focus.
 Minas-Rio achieved first ore on ship on 25 October 2014; production started in the quarter.
 Export metallurgical coal production increased by 4% to 4.9 million tonnes due to a step change in performance at Grasstree and Q4 2013 longwall moves. 
 Export thermal coal production increased by 2% to 9.7 million tonnes mainly due to increases across Australian and South African operations.
 Copper production decreased by 18% to 174,800 tonnes, primarily as a result of the expected grade declines at Los Bronces and Collahuasi.
 As expected, nickel production decreased by 34% to 6,700 tonnes due to the Barro Alto Line 2 furnace rebuild, which commenced in October.
 Equivalent refined platinum production increased by 14% to 593,900 ounces mainly due to higher production at Amandelbult, Rustenburg and Union mines as Q4 2013 was impacted by industrial action. Mogalakwena also increased production in Q4 2014 due to increased throughput at the concentrator and mining productivity improvements.
 Diamond production decreased by 8% to 8.4 million carats compared with Q4 2013 due to lower grades at Orapa and Venetia, combined with lower production at Snap Lake as a result of a mandatory safety stoppage.
 Given the sharply lower commodity price environment, particularly for the bulk commodities, Anglo American expects to record certain non-cash impairment charges as special items for the 2014 financial year. Full details will be provided when Anglo American publishes its preliminary results for 2014 on 13 February 2015.
(1) Wet metric tonnes (wmt)
(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 
Q4
2014
Q4
2013
Q4 2014
vs.
Q4 2013
Q3
2014
Q4 2014
vs.
Q3 2014
2014
2013
2014 
vs.
2013
Iron ore - Kumba
000 t
12,432
11,286
10%
12,972
(4%)
48,197
42,373
14%
Iron ore - Minas-Rio(1)
000 t
688
-
nm
-
-
688
-
nm
Manganese ore 
000 t
882
846
4%
866
2%
3,309
3,302
0%
Manganese alloys
000 t
80
66
21%
68
18%
286
251
14%
(1) Wet metric tonnes (wmt)
Kumba Iron Ore - Production from Kumba Iron Ore increased by 10% to 12.4 million tonnes.
Sishen produced 9.3 million tonnes for the quarter, an increase of 11%. The implementation of the Operating Model at Sishen is already yielding results including improvements in waiting times on shovels and total tonnes handled since June 2014. Waste removal increased by 20% to 50 million tonnes. Total waste mined for 2014 was 187 million tonnes, up 12% compared to the prior year. While this is below the previously announced 2014 target of 220 million tonnes, the redesign of the western pushbacks of the pit, in conjunction with increased vertical rate of advance and current waste removal run rates means sufficient ore has been exposed to support 2015 production target of 36 million tonnes.
Kolomela continued its strong operational performance, producing 2.7 million tonnes, in line with Q4 2013, but down 19% on Q3 2014 due largely to planned maintenance in the quarter.
Export sales increased by 23% to 11.7 million tonnes, due to higher production and through utilisation of the Multi-Purpose Terminal at Saldanha port, and up 29% on Q3 2014 following the annual Transnet maintenance shutdown in August. Domestic sales decreased by 31% to 0.9 million tonnes owing to reduced customer offtake.
Total finished product stocks were 6.5 million tonnes at year end, compared with 2.9 million tonnes at the end of 2013 and 6.5 million tonnes as at 30 September 2014.
Iron Ore Brazil - Minas-Rio achieved first ore on ship (FOOS) on 25 October 2014. Production started in the quarter and delivered 0.7 million wet metric tonnes.
Manganese ore - Manganese ore production increased by 4% driven by improved ore recovery and increased plant availability in South Africa. The continued strong performance of the South African operations resulted in record ore production for the second half of the year.
 
Manganese alloy - Manganese alloy production increased by 21% due to improved smelter stability and higher furnace availability at the South African and Australian operations.
COAL
Coal 
Q4
2014
Q4
2013
Q4 2014
vs.
Q4 2013
Q3
2014
Q4 2014
vs.
Q3 2014
2014
2013
2014 
vs.
2013
Australia & Canada









Metallurgical - Export
000 t
4,932
4,733
4%
5,090
(3)%
20,906
18,656
12%
Thermal - Export
000 t
1,872
1,585
18%
1,575
19%
5,174
6,264
(17)%
Thermal - Domestic 
000 t
1,966
1,689
16%
2,074
(5)%
7,115
6,239
14%
South Africa









Thermal - Export 
000 t
4,783
4,602
4%
5,008
(4)%
18,213
17,031
7%
Thermal - Domestic (Eskom)
000 t
7,435
7,618
(2)%
8,000
(7)%
30,989
33,567
(8)%
Thermal - Domestic 
(Non-Eskom)
000 t
1,761
1,234
43%
1,863
(5)%
6,595
5,992
10%
Colombia









Thermal - Export
000 t
3,002
3,290
(9)%
2,369
27%
11,227
11,001
2%
Australia and Canada - Export metallurgical coal production increased by 4% to 4.9 million tonnes, due to a step change in performance at Grasstree following the Operating Model implementation and Q4 2013 longwall moves. Performance at Moranbah continues to be affected by longwall mechanical issues, which are not expected to be fully rectified until late Q3 2015.
Australian export thermal coal production increased by 18% to 1.9 million tonnes due to improved productivity and mix at Dawson.
South Africa - Export thermal coal production increased by 4% to 4.8 million tonnes, driven by productivity improvements across all operations and export product quality optimisation. 
Production for Eskom was 2% lower at 7.4 million tonnes owing to reduced Eskom demand and planned production declines at Kriel prior to the move to the new mining areas, offset by stabilised production from New Denmark. Domestic non-Eskom production increased by 43% to 1.8 million tonnes as a result of productivity improvements at Isibonelo.
Colombia - Cerrejn's production decreased by 9% to 3.0 million tonnes, due to the ramp up in Q4 2013 to mitigate the volumes lost in the strike in Q1 2013. Production increased by 27% compared to Q3 2014 aided by favorable weather and a strong operational performance over the prior quarter.
BASE METALS AND MINERALS - COPPER
Copper 
Q4
2014
Q4
2013
Q4 2014
vs.
Q4 2013
Q3
2014
Q4 2014
vs.
Q3 2014
2014
2013
2014 
vs.
2013
Copper (1)
t
174,800
214,300
(18)%
176,900
(1)%
748,100
775,000
(3)%
(1) Copper production shown on a contained metal basis
Copper - Copper production on a contained metal basis decreased by 18% to 174,800 tonnes.
Production from Los Bronces decreased by 21% to 87,200 tonnes due to the anticipated lower grades and recoveries, as well as planned preventative maintenance which took place for 16days at the Los Bronces Plant 1.
At Collahuasi, attributable production decreased by 19% to 52,600 tonnes. This was due to unplanned maintenance and expected lower grades and recoveries as production moved to a new phase of the Rosario pit.
El Soldado production decreased by 41% to 7,400 tonnes due to expected lower grades arising from the previously reported intersection with a geological fault.
Combined production from Mantos Blancos and Mantoverde increased by 2% to 27,600 tonnes, with the increase in cathode production from Mantos Blancos being partially offset by the decrease in the production from Mantoverde due to expected lower grades.
At the end of 2014, Anglo American had 164,700 tonnes of copper provisionally priced at 287c/lb, bringing the realised copper price for the full year to 300c/lb. The final price of these sales will be determined in the 2015 financial year.
BASE METALS AND MINERALS - NICKEL, NIOBIUM AND PHOSPHATES
NICKEL
Nickel
Q4
2014
Q4
2013
Q4 2014
vs.
Q4 2013
Q3
2014
Q4 2014
vs.
Q3 2014
2014
2013
2014 
vs.
2013
Nickel
t
6,700
10,200
(34)%
10,700
(37)%
37,200
34,400
8%
Nickel - Nickel production decreased by 34% to 6,700 tonnes, principally due to a planned reduction at Barro Alto (down 42% to 4,500 tonnes), reflecting the Line 2 furnace rebuild, which commenced on schedule in October. Completion of the Line 2 rebuild and commencement of the Line 1 rebuild is expected in Q2 2015.
Production from Codemin decreased by 8% to 2,200 tonnes, driven by lower grades.
NIOBIUM 
Niobium
Q4
2014
Q4
2013
Q4 2014
vs.
Q4 2013
Q3
2014
Q4 2014
vs.
Q3 2014
2014
2013
2014 
vs.
2013
Niobium
t
1,300
1,200
8%
1,200
8%
4,700
4,500
4%
Niobium - Production of niobium increased by 8% to 1,300 tonnes due to first production in the quarter from the now complete Boa Vista Fresh Rock project.
PHOSPHATES
Phosphates 
Q4
2014
Q4
2013
Q4 2014
vs.
Q4 2013
Q3
2014
Q4 2014
vs.
Q3 2014
2014
2013
2014 
vs.
2013
Phosphates









Concentrate
t
355,600
353,400
1%
362,700
(2)%
1,415,700
1,406,300
1%
Phosphoric Acid
t
78,600
78,000
1%
81,300
(3)%
295,000
317,100
(7)%
Fertiliser
t
284,900
299,000
(5)%
284,700
0%
1,112,500
1,199,000
(7)%
Dicalcium phosphate (DCP)
t
44,800
38,700
16%
44,100
2%
164,100
159,600
3%
Phosphates - Concentrate production increased by 1% to 355,600 tonnes due to better throughput from the new milling plant implemented in Q1 2014. Fertiliser production decreased by 5% to 284,900 tonnes due to acid plant maintenance activities in Q4 2014.
PLATINUM
Platinum

Q4
2014
Q4
2013
Q4 2014
vs.
Q4 2013
Q3
2014
Q4 2014
vs.
Q3 2014
2014
2013
2014 
vs.
2013
Refined









Platinum
000 oz
574
692
(17)%
460
25%
1,890
2,380
(21)%
Palladium
000 oz
358
428
(16)%
316
13%
1,225
1,381
(11)%
Rhodium
000 oz
72
84
(14)%
48
48%
229
295
(22)%
Copper - Refined
t
2,600
1,800
44%
2,800
(7)%
12,500
8,300
51%
Copper - Matte(1)
t
1,400
1,400
0%
1,300
8%
6,200
5,800
7%
Nickel - Refined
t
4,800
5,200
(8)%
5,200
(8)%
20,500
16,800
22%
Nickel - Matte(1)
t
1,800
100
nm
1,800
0%
7,700
5,800
33%
Gold
000 oz
29
27
8%
15
98%
96
100
(4)%
Equivalent refined









Platinum
000 oz
594
520
14%
533
11%
1,842
2,320
(21)%
(1) Nickel and copper refined through third parties is shown as production of nickel matte and copper matte
Platinum-Equivalent refined platinum production increased by14% to593,900 ounces. Mines affected by the strikes in 2014 were fully ramped-up by the end of Q3 and performed ahead of Q4 2013 which was impacted by a two week strike where approximately 44,000 ounces of platinum production were lost. 
Own mine and tailings retreatment platinum production increased by 22% to 380,000 ounces. Rustenburg delivered 105,800 ounces, a 36% increase, Union increased by 24% to 42,800 ounces whilst Amandelbult mines increased by 41% to 103,300 ounces. As part of on-going optimisation of Union, the decline shaft was successfully closed during the quarter, reducing production by 60,000 ounces on an annualised basis. 
Mogalakwena production increased by 11% to 98,100 ounces due to increased concentrator throughput, supported by mining productivity improvement programmes. This increase included 5,300 ounces processed at the Lonmin Baobab concentrator.
The independently managed production (mined and purchased) decreased by 2% to 194,300 ounces compared with the 197,700 ounces in Q4 2013 driven mainly by lower production at BRPM and Mototolo. BRPM production decreased by 6% to 50,500 ounces due to S54 stoppages following two fatalities in October 2014, whilst Mototolo produced 29,500 ounces, a 10% reduction due to operational challenges at the concentrator and lower grade. Bokoni production increased by 11% to 27,100 ounces.
Refined platinum production decreased by 17% to 573,700 ounces, due to the replenishing of the pipeline stock which had been drawn down on during the strikes in the first half of the year; refined palladium and rhodium decreased for similar reasons.
DIAMONDS
Diamonds
(100% basis)
Q4
2014
Q4
2013
Q4 2014
vs.
Q4 2013
Q3
2014
Q4 2014
vs.
Q3 2014
2014
2013
2014 
vs.
2013
Diamonds
000 carats
8,366
9,132
(8)%
8,193
2%
32,605
31,159
5%
De Beers - Diamond production decreased by 8% to 8.4 million carats. This decrease was driven by lower grades at Orapa and Venetia, as well as lower production at Snap Lake as a result of a mandatory safety stoppage following a fall of ground in the quarter. These production decreases were partially offset by increased production at Jwaneng, which benefited from improved plant availability.
Diamond production was 2% higher than Q3 2014 due primarily to higher output at Venetia (following plant maintenance), offset by lower grades at Jwaneng.
Production for the year to December 2014 was 32.6 million carats, a 5% increase on the previous year, due to increased production from Debswana, with Jwaneng and Orapa both delivering higher output as a result of improved plant performance.
EXPLORATION AND EVALUATION
Exploration and Evaluation expenditure for Q4 2014 totalled $110 million, a decrease of 34% on prior year. Exploration expenditure was $61 million, a decrease of $2 million, mainly attributable to nickel. Evaluation expenditure for the quarter was $49 million, down by 52%, primarily in the Kumba Iron Ore, Coal Australia and Canada, Copper, Platinum and De Beers businesses.
NOTE
This Production Report for the fourth quarter ended 31 December 2014 is unaudited. Financial Results for the year to 31 December 2014 will be announced on 13 February 2015.
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.
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q4 2014
vs.
Q3 2014
Q4 2014
vs.
Q4 2013
2014
2013
2014 vs 2013
Kumba Iron Ore










Lump
8,048,000
8,235,700
7,480,100
7,505,000
7,369,500
(2%)
9%
31,268,800
27,086,600
15%
Fines
4,383,600
4,736,400
3,984,900
3,822,800
3,916,200
(7%)
12%
16,927,700
15,286,500
11%
Total Kumba production
12,431,600
12,972,100
11,465,000
11,327,800
11,285,700
(4%)
10%
48,196,500
42,373,100
14%
Sishen
9,286,300
9,260,200
8,336,600
8,657,500
8,395,000
0%
11%
35,540,600
30,938,500
15%
Kolomela
2,727,800
3,379,000
2,948,400
2,512,900
2,739,500
(19%)
0%
11,568,100
10,808,700
7%
Thabazimbi
417,500
332,900
180,000
157,400
151,200
25%
176%
1,087,800
625,900
74%
Total Kumba production
12,431,600
12,972,100
11,465,000
11,327,800
11,285,700
(4%)
10%
48,196,500
42,373,100
14%
Kumba sales volumes










RSA export iron ore
11,699,000
9,058,800
10,287,200
9,422,700
9,530,200
29%
23%
40,467,700
39,076,000
4%
RSA domestic iron ore
901,800
1,129,200
1,374,000
1,414,800
1,305,700
(20%)
(31%)
4,819,800
4,631,400
4%
Minas-Rio










Pellet feed (wmt)
687,700
-
-
-
-
nm
nm
687,700
-
nm
Minas-Rio sales volumes










Export - pellet feed (wmt)
239,600
-
-
-
-
nm
nm
239,600
-
nm
Samancor










Manganese ore(1)
882,100
866,000
868,300
692,200
846,000
2%
4%
3,308,600
3,301,700
0%
Manganese alloys(1)(2)
80,400
 68,400
72,500
64,800
66,200
18%
21%
286,100
251,100
14%
Samancor sales volumes










Manganese ore
841,100
853,000
854,100
833,900
837,900
(1)%
0%
3,382,100
3,262,100
4%
Manganese alloys
72,800 
 68,400
74,400
79,200
60,400
6%
21%
294,800
248,700
19%
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q4 2014
vs.
Q3 2014
Q4 2014
vs.
Q4 2013
2014
2013
2014 vs 2013
Australia










Metallurgical - Export Coking
3,364,400
3,196,200
2,917,700
3,964,000
3,133,900
5%
7%
13,442,300
11,711,600
15%
Metallurgical - Export PCI
1,395,800
1,493,900
1,441,800
1,659,300
1,241,900
(7)%
12%
5,990,800
5,260,200
14%

4,760,200
4,690,100
4,359,500
5,623,300
4,375,800
1%
9%
19,433,100
16,971,800
15%
Thermal - Export
1,871,600
1,574,600
958,400
769,300
1,584,700
19%
18%
5,173,900
6,264,000
(17)%
Thermal - Domestic
1,966,300
2,074,400
1,846,000
1,227,900
1,688,800
(5)%
16%
7,114,600
6,239,400
14%

3,837,900
3,649,000
2,804,400
1,997,200
3,273,500
5%
17%
12,288,500
12,503,400
(2)%
Canada










Metallurgical - Export Coking
160,200
385,000
439,200
409,200
339,300
(58)%
(53)%
1,393,600
1,663,800
(16)%
Metallurgical - Export PCI
11,200
15,000
32,000
20,800
18,300
(25)%
(39)%
79,000
20,000
295%

171,400
400,000
471,200
430,000
357,600
(57)%
(52)%
1,472,600
1,683,800
(13)%
South Africa










Thermal - Export
4,782,800
 5,007,600 
 4,273,600 
4,149,100 
 4,602,000 
(4)%
4%
18,213,100
17,031,300
7%
Thermal - Domestic (Eskom)
7,434,600
 8,000,200 
 8,146,800 
 7,406,900 
 7,617,800 
(7)%
(2)%
30,988,500
33,567,400
(8)%
Thermal - Domestic 
(Non-Eskom)
1,761,400
 1,862,800 
 1,611,200 
 1,359,500 
 1,234,100 
(5)%
43%
6,594,900
5,992,000
10%

13,978,800
14,870,600
14,031,600
 12,915,500 
 13,453,900 
(6)%
4%
55,796,500
56,590,700
(1)%
Colombia










Thermal - Export
3,002,300
2,368,800
2,907,700
2,948,200
3,290,300
27%
(9)%
11,227,000
11,001,000
2%

3,002,300
2,368,800
2,907,700
2,948,200
3,290,300
27%
(9)%
11,227,000
11,001,000
2%
Total Metallurgical coal production
4,931,600
5,090,100
4,830,700
6,053,300
4,733,400
(3)%
4%
20,905,700
18,655,600
12%
Total Export Thermal coal production
9,656,700
8,951,000
8,139,700
7,866,600
9,477,000
8%
2%
34,614,000
34,296,300
1%
Total Domestic Thermal coal production
11,162,300
11,937,400
11,604,000
9,994,300
10,540,700
(6)%
6%
44,698,000
45,798,800
(2)%
Total Coal production
25,750,600
25,978,500
24,574,400
23,914,200
24,751,100
(1)%
4%
100,217,700
98,750,700
1%
Weighted average achieved US$/t FOB prices










Australia and Canada










Metallurgical - Export(3)
105
105
109
124
133
0%
(21)%
111
140
(21)%
Thermal - Export
65
73
82
79
78
(11)%
(17)%
72
84
(14)%
Thermal - Domestic
33
34
35
40
40
(3)%
(18)%
35
39
(10)%
South Africa










Thermal - Export 
63
70
 73 
 77 
 76 
(10)%
(17)%
70
77
(10)%
Thermal - Domestic
20
19
 19 
 18 
 21 
5%
(5)%
19
19
0%
Colombia










Thermal - Export
65
67
67
68
72
(3)%
(10)%
67
73
(8)%
Sales volumes










Australia and Canada










Metallurgical - Export(4)
5,025,600
5,003,800
5,152,600
5,386,200
5,182,200
0%
(3)%
20,568,200
19,044,500
8%
Thermal - Export
2,345,400
1,703,800
897,300
1,019,700
1,881,800
38%
25%
5,966,200
6,371,600
(6)%
Thermal - Domestic
1,989,400
2,102,300
1,870,000
1,331,400
1,632,000
(5)%
22%
7,293,100
6,125,400
19%
South Africa










Thermal - Export
5,139,300
4,473,700
3,982,500
3,977,300
4,660,200
15%
10%
17,572,800
17,501,800
0%
Thermal - Domestic
8,770,400
9,690,900
9,677,500
9,078,500
8,805,800
(9)%
0%
37,217,300
39,044,100
(5)%
Colombia










Thermal - Export
2,732,000 
3,076,800
2,858,100
2,647,100
3,067,000
(11)%
(11)%
11,314,000 
11,152,000 
1%
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q4 2014
vs.
Q3 2014
Q4 2014
vs.
Q4 2013
2014
2013
2014 vs 2013
Australia










Callide
2,164,700
2,318,500
1,844,600
1,229,200
1,688,800
(7)%
28%
7,557,000
6,317,800
20%
Capcoal (incl. Grasstree)
2,074,300
1,816,300
1,847,500
1,904,700
1,578,800
14%
31%
7,642,800
6,061,400
26%
Dawson
1,074,800
1,041,400
1,101,200
1,022,800
1,162,700
3%
(8)%
4,240,200
3,985,700
6%
Drayton
920,200
817,000
708,500
659,100
976,400
13%
(6)%
3,104,800
3,710,700
(16)%
Foxleigh
579,200
551,200
471,200
432,900
421,900
5%
37%
2,034,500
1,966,600
3%
Jellinbah
757,100
732,800
756,300
677,500
755,900
3%
-
2,923,700
2,516,500
16%
Moranbah North
1,027,800
1,061,900
434,600
1,694,300
1,064,800
(3)%
(3)%
4,218,600
4,916,500
(14)%

8,598,100
8,339,100
7,163,900
7,620,500
7,649,300
3%
12%
31,721,600
29,475,200
8%
Canada










Peace River Coal
171,400
400,000
471,200
430,000
357,600
(57)%
(52)%
1,472,600
1,683,800
(13)%

171,400
400,000
471,200
430,000
357,600
(57)%
(52)%
1,472,600
1,683,800
(13)%
South Africa










Goedehoop
1,245,800
1,210,200
1,177,200
1,138,400
1,228,300
3%
1%
4,771,600
4,680,800
2%
Greenside
1,010,700
1,003,400
806,500
803,500
923,700
1%
9%
3,624,100
3,269,500
11%
Isibonelo
1,304,500
1,380,100
1,329,100
1,248,900
1,139,700
(5)%
14%
5,262,600
5,066,800
4%
Kleinkopje
950,200
1,011,500
1,142,700
807,400
935,600
(6)%
2%
3,911,800
3,997,200
(2)%
Kriel
1,462,400
1,614,000
1,756,200
2,045,500
1,962,500
(9)%
(25)%
6,878,100
8,102,700
(15)%
Landau
1,208,800
1,195,900
870,900
902,800
1,079,800
1%
12%
4,178,400
4,084,000
2%
Mafube
414,700
525,400
413,500
321,800
416,200
(21)%
-
1,675,400
1,825,400
(8)%
New Denmark
1,312,400
724,900
1,091,800
638,800
569,200
81%
131%
3,767,900
3,586,900
5%
New Vaal
3,701,400
4,755,200
4,321,200
3,895,000
3,905,200
(22)%
(5)%
16,672,800
17,105,700
(3)%
Zibulo
1,367,900
1,450,000
1,122,500
1,113,400
1,293,700
(6)%
6%
5,053,800
4,871,700
4%

13,978,800
14,870,600
14,031,600
12,915,500
13,453,900
(6)%
4%
55,796,500
56,590,700
(1)%
Colombia










Carbones del Cerrejn
3,002,300
2,368,800
2,907,700
2,948,200
3,290,300
27%
(9)%
11,227,000
11,001,000
2%
3,002,300
2,368,800
2,907,700
2,948,200
3,290,300
27%
(9)%
11,227,000 
11,001,000 
2%
Total Coal production
25,750,600
25,978,500
24,574,400
23,914,200
24,751,100
(1)%
4%
100,217,700
98,750,700
1%
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q4 2014
vs.
Q3 2014
Q4 2014
vs.
Q4 2013
2014
2013
2014 vs 2013
Collahuasi 100% basis (Anglo American share 44%)










Ore mined
15,594,200
16,442,500
16,248,500
17,560,100
23,120,000
(5)%
(33)%
65,845,300
80,955,500
(19)%
Ore processed - Oxide
1,552,300
1,744,800
1,659,900
1,700,500
1,481,600
(11)%
5%
6,657,500
7,028,900
(5)%
Ore processed - Sulphide
11,991,600
11,689,600
13,194,500
12,060,400
14,019,700
3%
(14)%
48,936,100
47,559,000
3%
Ore grade processed - Oxide (% ASCu)(6)
0.68
0.78
0.72
0.71
0.71
(13)%
(4)%
0.72
0.81
(11)%
Ore grade processed - Sulphide (% TCu)(7)
1.10
1.12
1.03
1.09
1.23
(2)%
(11)%
1.08
1.07
1%
Production - Copper cathode
9,100
6,200
4,400
5,300
5,500
47%
65%
25,000
28,400
(12)%
Production - Copper in concentrate
110,400
104,000
117,400
113,600
141,700
6%
(22)%
445,400
416,100
7%
Total copper production for Collahuasi
119,500
110,200
121,800
118,900
147,200
8%
(19)%
470,400
444,500
6%
Anglo American's share of copper production for Collahuasi(8)
52,600
48,500
53,600
52,300
64,800
8%
(19)%
207,000
195,600
6%
Anglo American Sur 










Los Bronces mine(9)










Ore mined
15,655,600
14,215,400
15,483,900
12,311,300
14,502,400
10%
8%
57,666,200
56,938,200
1%
Marginal ore mined
8,993,400
7,012,900
4,949,400
5,280,400
5,261,100
28%
71%
26,236,100
17,221,300
52%
Ore processed - Sulphide
12,739,000
14,202,100
13,911,500
13,295,100
12,940,500
(10)%
(2)%
54,147,700
51,960,500
4%
Ore grade processed - Sulphide (% TCu)
0.75
0.71
0.81
0.88
0.87
5%
(14)%
0.78
0.83
(5)%
Production - Copper cathode
8,300
9,100
8,900
9,900
9,900
(9)%
(16)%
36,200
37,800
(4)%
Production - Copper in sulphate 
-
-
-
-
-
-
-
-
600
-
Production - Copper in concentrate
78,900
86,600
97,100
105,700
100,000
(9)%
(21)%
368,300
378,000
(3)%
Production total
87,200
95,700
106,000
115,600
109,900
(9)%
(21)%
404,500
416,400
(3)%
El Soldado mine(9)










Ore mined
563,900
210,700
450,300
1,893,500
2,001,200
168%
(72)%
3,118,400
8,576,700
(64)%
Ore processed - Sulphide
1,762,700
1,806,600
1,777,400
1,856,900
1,852,400
(2)%
(5)%
7,203,600
7,312,500
(1)%
Ore grade processed - Sulphide (% TCu)
0.55
0.53
0.58
0.67
0.9
5%
(38)%
0.58
0.88
(33)%
Production - Copper cathode
400
300
300
200
300
33%
33%
1,200
1,200
0%
Production - Copper in concentrate
7,000
6,400
8,100
9,700
12,300
9%
(43)%
31,200
50,400
(38)%
Production total
7,400
6,700
8,400
9,900
12,600
10%
(41)%
32,400
51,600
(37)%
Chagres Smelter(9)










Ore smelted
28,900
33,300
33,200
36,700
39,900
(13)%
(28)%
132,100
149,800
(12)%
Production
28,300
32,300
32,400
35,500
38,700
(12)%
(27)%
128,500
145,200
(12)%
Total copper production for Anglo American Sur
94,600
102,400
114,400
125,500
122,500
(8)%
(23)%
436,900
468,000
(7)%
Anglo American Norte










Mantos Blancos mine










Ore processed - Sulphide
1,059,300
1,156,100
1,109,000
1,078,000
1,099,500
(8)%
(4)%
4,402,400
4,329,600
2%
Ore grade processed - Sulphide (% TCu)
0.75
0.68
0.64
0.69
0.74
10%
1%
0.69
0.73
(5)%
Production - Copper cathode
7,300
6,500
7,900
5,000
6,700
12%
9%
26,700
29,500
(9)%
Production - Copper in concentrate
6,800
6,500
6,300
6,100
6,700
5%
1%
25,700
25,100
2%
Production total
14,100
13,000
14,200
11,100
13,400
8%
5%
52,400
54,600
(4)%
Mantoverde mine










Ore processed - Oxide
2,582,100
2,634,100
2,566,100
2,530,500
2,473,500
(2)%
4%
10,312,800
10,385,200
(1)%
Ore processed - Marginal ore 
2,274,500
2,077,300
2,189,100
2,105,200
1,729,100
9%
32%
8,646,100
8,280,400
4%
Ore grade processed - Oxide (% ASCu) 
0.49
0.47
0.48
0.5
0.52
3%
(7)%
0.48
0.57
(14)%
Ore grade processed - Marginal ore (% ASCu)
0.23
0.23
0.23
0.24
0.23
(2)%
(2)%
0.23
0.25
(7)%
Production - Copper cathode
13,500
13,000
12,200
13,100
13,600
4%
(1)%
51,800
56,800
(9)%
Total copper production for Anglo American Norte
27,600
26,000
26,400
24,200
27,000
6%
2%
104,200
111,400
(6)%
Total Copper segment copper production
241,700
238,600
262,600
268,600
296,700
1%
(19)%
1,011,500
1,023,900
(1)%
Total Attributable copper production(10)
174,800
176,900
194,400
202,000
214,300
(1)%
(18)%
748,100
775,000
(3)%
Total Attributable payable copper production
169,700
171,700
186,600
197,900
208,000
(1)%
(18)%
725,900
752,100
(3)%
Total Attributable sales volumes
187,400
179,300
180,800
207,600
214,500
5%
(13)%
755,100
768,200
(2)%
Total Attributable payable sales volumes
181,700
173,900
175,400
201,600
207,900
5%
(13)%
732,600
745,400
(2)%
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q4 2014
vs.
Q3 2014
Q4 2014
vs.
Q4 2013
2014
2013
2014 vs 2013
Barro Alto










Ore mined
400,500
1,019,300
736,600
354,000
321,300
(61)%
25%
2,510,400 
1,998,900 
26%
Ore processed
276,000
531,900
555,500
464,000
487,800
(48)%
(43)%
1,827,400 
1,616,300 
13%
Ore grade processed - %Ni
1.86
1.86
1.78
1.78
1.82
0%
2%
1.81
1.82 
(1)%
Production
4,500
8,300
8,600
6,900
7,800
(46)%
(42)%
28,300 
25,100 
13%
Codemin










Ore mined
-
-
6,800
-
-
0%
0%
6,800 
6,800 
0%
Ore processed
151,500
154,100
140,800
147,200
151,700
(2)%
0%
593,600 
602,400 
(1)%
Ore grade processed - %Ni
1.66
1.67
1.67
1.67
1.72
(1)%
(3)%
1.67
1.71
(2)%
Production
2,200
2,400
2,000
2,300
2,400
(8)%
(8)%
8,900 
9,300 
(4)%
Total Nickel segment nickel production
6,700
10,700
10,600
9,200
10,200
(37)%
(34)%
37,200 
34,400 
8%
Sales volumes
8,400
8,800
8,900
10,000
11,200 
(5)%
(25)%
36,100 
33,800 
7%
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q4 2014
vs.
Q3 2014
Q4 2014
vs.
Q4 2013
2014
2013
2014 vs 2013
Niobium










Ore mined
166,300
424,900
356,200
38,500
457,100
(61)%
(64)%
985,900
1,228,800
(20)%
Ore processed
377,700
237,900
238,700
229,700
224,400
59%
68%
1,084,000
963,100
13%
Ore grade processed - %Nb
1.05
1.08
1.10
0.92
1.16
(3)%
(9)%
1.04
1.17
(11)%
Production
1,300
1,200
1,100
1,100
1,200
8%
8%
4,700
4,500
4%
Sales volumes
1,100
1,200
1,200
1,100
1,200
(8)%
(8)%
4,600
4,700
(2)%
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q4 2014
vs.
Q3 2014
Q4 2014
vs.
Q4 2013
2014
2013
2014 vs 2013
Phosphates










Concentrate
355,600
362,700
349,500
347,900
353,400
(2)%
1%
1,415,700
1,406,300
1%
Concentrate grade - %P2O5
36.8
37.3
37.1
36.8
36.7
(1)%
0%
37.0
37.2
(1)%
Phosphoric acid
78,600
81,300
81,300
53,800
78,000
(3)%
1%
295,000
317,100
(7)%
Fertiliser(12)
284,900
284,700
275,700
267,200
299,000
0%
(5)%
1,112,500
1,199,000
(7)%
High analysis fertiliser
50,200
60,200
44,200
30,100
44,400
(17)%
13%
184,700
209,400
(12)%
Low analysis fertiliser
234,600
224,500
231,500
237,100
254,600
4%
(8)%
927,700
989,700
(6)%
Dicalcium phosphate (DCP)
44,800
44,100
43,600
31,600
38,700
2%
16%
164,100
159,600
3%
Fertiliser sales volumes
277,400
311,700
241,000
266,500
340,100
(11)%
(18)%
1,096,600
1,163,300
(6)%
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q4 2014
vs.
Q3 2014
Q4 2014
vs.
Q4 2013
2014
2013
2014 vs 2013
Refined production










Platinum (troy oz)
573,700
460,000
420,600
435,200
692,100
25%
(17)%
1,889,500
2,379,500
(21)%
Palladium (troy oz)
357,700
316,400
294,600
256,700
428,200
13%
(16)%
1,225,400
1,380,800
(11)%
Rhodium (troy oz)
71,700
48,400
48,700
60,600
83,500
48%
(14)%
229,400
294,700
(22)%
Copper refined (tonnes)(13)
2,600
2,800
3,900
3,200
1,800
(7)%
44%
12,500
8,300
51%
Copper matte (tonnes)(13)
1,400
1,300
2,300
1,200
1,400
8%
0%
6,200
5,800
7%
Nickel refined (tonnes)(13)
4,800
5,200
5,600
4,900
5,200
(8)%
(8)%
20,500
16,800
22%
Nickel matte (tonnes)(13)
1,800
1,800
2,700
1,400
100
0%
-
7,700
5,800
33%
Gold (troy oz)
28,900
14,600
26,700
25,400
26,700
98%
8%
95,600
100,000
(4)%
Equivalent refined










Platinum (troy oz)
593,900
532,800
358,200
357,000
520,300
11%
14%
1,841,900
2,320,400
(21)%
4E built-up head grade (g/tonne milled)(14)
3.19
3.06
2.77
2.86
3.19
4%
0%
3.00
3.26
(8)%
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q4 2014
vs.
Q3 2014
Q4 2014
vs.
Q4 2013
2014
2013
2014 vs 2013
Carats recovered










100% basis
Orapa
2,732,000
2,651,000
3,487,000
3,204,000
3,516,000
3%
(22)%
12,074,000
11,375,000
6%
Letlhakane
83,000
157,000
177,000
131,000
164,000
(47)%
(49)%
548,000
682,000
(20)%
Damtshaa
94,000
83,000
70,000
56,000
102,000
13%
(8)%
303,000
264,000
15%
Jwaneng
3,080,000
3,333,000
2,532,000
2,367,000
2,575,000
(8)%
20%
11,312,000
10,386,000
9%
Debswana
5,989,000
6,224,000
6,266,000
5,758,000
6,357,000
(4)%
(6)%
24,237,000
22,707,000
7%











Namdeb
121,000
156,000
199,000
137,000
148,000
(22)%
(18)%
613,000
602,000
2%
Debmarine Namibia
375,000
293,000
310,000
295,000
317,000
28%
18%
1,273,000
1,160,000
10%
Namdeb Holdings
496,000
449,000
509,000
432,000
465,000
10%
7%
1,886,000
1,762,000
7%











Kimberley
202,000
207,000
154,000
159,000
147,000
(2)%
37%
722,000
815,000
(11)%
Venetia
1,060,000
776,000
834,000
531,000
1,403,000
37%
(24)%
3,201,000
3,192,000
-
Voorspoed
140,000
143,000
186,000
242,000
178,000
(2)%
(21)%
711,000
717,000
(1)%
DBCM
1,402,000
1,126,000
1,174,000
932,000
1,728,000
25%
(19)%
4,634,000
4,724,000
(2)%











Snap Lake
301,000
253,000
379,000
268,000
397,000
19%
(24)%
1,201,000
1,312,000
(8)%
Victor
178,000
141,000
187,000
141,000
185,000
26%
(4)%
647,000
654,000
(1)%
De Beers Canada
479,000
394,000
566,000
409,000
582,000
22%
(18)%
1,848,000
1,966,000
(6)%
Total carats recovered
8,366,000
8,193,000
8,515,000
7,531,000
9,132,000
2%
(8)%
32,605,000
31,159,000
5%
(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) 2013 fertiliser includes updated production quantification methodology in the acidulation plant at Cubato
(13) Nickel and copper refined through third parties is now shown as production of nickel matte and copper matte. Nickel and copper matte, per the table, reflect matte sold to a third party in Q2 2013 from 2012 and 2013 production stockpiles
(14) 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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