REG - Anglo American PLC - Q2 2014 Production Report <Origin Href="QuoteRef">AAL.L</Origin> - Part 1
06/09/2014 16:46
For best results when printing this announcement, please click on the link
below:
http://pdf.reuters.com/Regnews/regnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20140717:nRSQ5488Ma
RNS Number : 5488M
Anglo American PLC
17 July 2014
17 July 2014
Anglo American plc
Production Report for the second quarter ended 30 June 2014
Overview
Q2 2014 Q2 2013 % vs. Q2 2013 H1 2014 H1 2013 % vs. H1 2013
Iron ore (Mt) 11.5 11.3 2% 22.8 21.6 5%
Export metallurgical coal (Mt) 4.8 4.4 10% 10.9 9.0 21%
Export thermal coal (Mt) 8.1 8.5 (5)% 16.0 15.5 4%
Copper (t)(1) 194,400 183,000 6% 396,400 353,300 12%
Nickel (t)(2) 10,600 8,500 25% 19,800 14,700 35%
Platinum (equivalent refined) (koz)(3) 358 594 (40)% 715 1,177 (39)%
Diamonds (Mct)(4) 8.5 7.9 7% 16.0 14.3 12%
· Kumba Iron Ore production increased by 2% to 11.5 million tonnes
following a solid performance at both Sishen and Kolomela. Waste removal at
Sishen remained a key operational focus during the quarter
· Export metallurgical coal production increased by 10% to 4.8 million
tonnes due to productivity improvements at open cut operations and Grasstree,
partially offset by a longwall move at Moranbah and subsequent geotechnical
issues with the cutting panel
· Export thermal coal production decreased by 5% to 8.1 million tonnes
primarily due to lower production from Drayton in Australia. Production from
the South African assets increased due to improved operational performance
· Copper production increased by 6% to 194,400 tonnes, with improved
production from Los Bronces and Collahuasi due to higher throughput,
partially offset by expected lower production at El Soldado
· Nickel production increased by 25% to 10,600 tonnes driven by
continued improved operational stability at Barro Alto, prior to the planned
rebuild of the furnaces commencing in the second half of the year
· Niobium production was flat at 1,100 tonnes
· Phosphates concentrate production was flat at 349,500 tonnes.
Fertiliser production decreased by 8% due to maintenance stoppages and
throughput constraints
· Platinum equivalent refined production decreased by 40% to 358,000
ounces as a result of the industrial action at Rustenburg, Amandelbult and
Union mines in South Africa. A three-year wage agreement reached on 24 June
2014 ended the five months of industrial action
· Diamond production increased by 7% to 8.5 million carats, largely due
to higher output at Venetia following the recovery from the pit flooding in
2013
(1) Copper production from the Copper business unit
(2) Nickel production from the Nickel business unit
(3) Equivalent refined is the mines' production and purchases of
metal in concentrate, secondary metals and other metals converted to
equivalent refined production using Anglo American Platinum Limited's standard
smelting and refining recoveries
(4) De Beers production on 100% basis
IRON ORE AND MANGANESE
Iron Ore and Manganese Q22014 Q22013 Q2 2014vs.Q2 2013 Q12014 Q2 2014vs.Q1 2014 H12014 H12013 H1 2014 vs.H1 2013
Iron ore 000 t 11,465 11,278 2% 11,328 1% 22,793 21,613 5%
Manganese ore 000 t 868 864 0% 692 25% 1,561 1,668 (6)%
Manganese alloys 000 t 73 73 0% 65 12% 137 131 5%
Iron Ore - Production from Kumba Iron Ore increased by 2% to 11.5 million
tonnes. The pit at Sishen continued to be mined according to the production
recovery plan, although further unexpected rainfall during May 2014 hampered
waste stripping operations. Waste removal, however, increased by 8% compared
to Q2 2013 and by 24% compared to the previous quarter. Sishen production was
8.3 Mt for the quarter, a decrease of 3% compared to Q2 2013 and 4% compared
to the previous quarter.
Kolomela mine produced 2.9 million tonnes, a 14% increase due to a continued
strong operational performance.
Export sales increased by 1% to 10.3 million tonnes. Domestic sales increased
by 21% to 1.4 million tonnes due to increased offtake by ArcelorMittal
S.A.
Manganese ore - Production flat at 868,000 tonnes and 24% higher compared to
the previous quarter driven by GEMCO delivering a record Q2 as it recovered
from the higher than usual rainfall during Q1 2014.
Manganese alloy - Production of 72,500 tonnes was in line with prior year.
COAL
Coal Q22014 Q22013 Q2 2014vs.Q2 2013 Q12014 Q2 2014vs.Q1 2014 H12014 H12013 H1 2014vs.H1 2013
Australia & Canada
Metallurgical - Export 000 t 4,831 4,396 10% 6,053 (20)% 10,884 9,010 21%
Thermal - Export 000 t 958 1,513 (37)% 769 25% 1,728 3,007 (43)%
Thermal - Domestic 000 t 1,846 1,725 7% 1,228 50% 3,074 2,798 10%
South Africa
Thermal - Export 000 t 4,274 4,015 6% 4,149 3% 8,423 7,924 6%
Thermal - Domestic (Eskom) 000 t 8,147 8,767 (7)% 7,407 10% 15,554 16,896 (8)%
Thermal - Domestic (Non-Eskom) 000 t 1,611 1,574 2% 1,360 19% 2,971 3,093 (4)%
Colombia
Thermal - Export 000 t 2,908 3,014 (4)% 2,948 (1)% 5,856 4,526 29%
Australia and Canada - Export metallurgical coal production increased by 10%
to 4.8 million tonnes mainly due to productivity improvements from the open
cut operations, most notably Dawson. The Grasstree underground mine recorded a
significant improvement in productivity, while Moranbah experienced
geotechnical issues with the commencement of the new cutting panel following a
longwall move.
Australian export thermal coal production decreased by 37% to 1.0 million
tonnes due to lower production from Drayton as the mine nears the end of its
life.
South Africa - Export thermal coal production increased by 6% to 4.3 million
tonnes due to productivity improvements at Greenside, Goedehoep and
Kleinkopje; however, this was partially offset by adverse mining conditions at
Zibulo.
Production to Eskom decreased by 7% to 8.1 million tonnes due to lower
production from Kriel as the current reserve base nears depletion.
Domestic non-Eskom production improved by 2% to 1.6 million tonnes primarily
due to additional production at Isibonelo.
Colombia - Cerrejón's production decreased by 4% predominantly due to dust
emission constraints following the extended drought conditions.
BASE METALS AND MINERALS - COPPER
Copper Q22014 Q22013 Q2 2014vs.Q2 2013 Q12014 Q2 2014vs.Q1 2014 H12014 H12013 H1 2014 vs. H1 2013
Copper t 194,400 183,000 6% 202,000 (4)% 396,400 353,300 12%
Copper - Copper production increased by 6% to 194,400 tonnes.
Production from Los Bronces increased by 4% to 106,000 tonnes, with continued
throughput improvement at both plants. H1 2014 production was 11% higher than
the prior year due to higher grade areas being mined in the period.
At Collahuasi, production increased by 42% to 53,600 tonnes due to the SAG
Mill 3 shutdown in Q2 2013 and higher grades. Higher grades reflect the
current phase of mining.
El Soldado's production decreased by 40% to 8,400 tonnes due to the previously
reported intersection with a geological fault. The geological fault delayed
the development of the next major phase of ore supply, resulting in lower ore
availability and grades.
Production from Mantos Blancos and Mantoverde decreased by 11% to a total of
26,400 tonnes, with both operations experiencing a decline in grades.
BASE METALS AND MINERALS - NICKEL, NIOBIUM AND PHOSPHATES
NICKEL
Nickel Q22014 Q22013 Q2 2014vs.Q2 2013 Q12014 Q2 2014vs.Q1 2014 H12014 H12013 H1 2014 vs.
H1 2013
Nickel t 10,600 8,500 25% 9,200 15% 19,800 14,700 35%
Nickel - Production increased by 25% to 10,600 tonnes driven by continued
improved operational stability at Barro Alto, prior to the planned rebuild of
the furnaces commencing in the second half of the year.
Production from Barro Alto increased by 41% to 8,600 tonnes, reflecting
continued operational stability as well as the impact from the Q2 2013
unplanned stoppages in both lines.
Production from Codemin decreased by 17% to 2,000 tonnes mainly due to
rephasing of annual maintenance from Q1 to Q2 2014.
NIOBIUM
Niobium Q22014 Q22013 Q2 2014vs.Q2 2013 Q12014 Q2 2014vs.Q1 2014 H12014 H12013 H1 2014
vs.
H1 2013
Niobium t 1,100 1,100 0% 1,100 0% 2,200 2,200 0%
Niobium - Production of niobium was flat at 1,100 tonnes.
PHOSPHATES
Phosphates Q22014 Q22013 Q2 2014vs.Q2 2013 Q12014 Q2 2014vs.Q1 2014 H12014 H12013 H1 2014
vs.
H1 2013
Phosphates
Concentrate t 349,500 349,900 0% 347,900 0% 697,400 697,900 0%
Phosphoric Acid t 81,300 82,100 (1)% 53,800 51% 135,100 159,600 (15)%
Fertiliser t 275,700 300,500 (8)% 267,200 3% 542,900 573,700 (5)%
Dicalcium phosphate (DCP) t 43,600 39,500 10% 31,600 38% 75,200 77,800 (3)%
Phosphates - Concentrate production was flat at 349,500 tonnes. Fertiliser
production decreased by 8% to 275,700 tonnes, owing to an extension of planned
maintenance and other corrective maintenance stoppages, throughput constraints
on certain products in Catalão, product mix change reflecting market demand
and severe weather conditions causing power shortages at Cubatão in early
May.
Phosphoric acid production decreased by 1% to 81,300 tonnes and dicalcium
phosphate production increased by 10% to 43,600 tonnes, due to a 12-day plant
stoppage in Cubatão in 2013.
PLATINUM
Platinum Q22014 Q22013 Q2 2014vs.Q2 2013 Q12014 Q2 2014vs.Q1 2014 H12014 H12013 H1 2014 vs.
H1 2013
Refined
Platinum 000 oz 421 582 (28)% 435 (3)% 856 1,021 (16)%
Palladium 000 oz 295 320 (8)% 257 15% 551 583 (5)%
Rhodium 000 oz 49 70 (30)% 61 (20)% 109 126 (13)%
Copper(1) - Refined t 3,900 1,900 105% 3,200 22% 7,100 3,900 82%
Copper(1) - Matte t 2,300 4,100 (44)% 1,200 92% 3,500 4,100 (15)%
Nickel(1) - Refined t 5,600 3,400 65% 4,900 14% 10,500 6,700 57%
Nickel(1) - Matte t 2,700 5,400 (50)% 1,400 93% 4,100 5,400 (24)%
Gold 000 oz 27 16 64% 25 5% 52 40 32%
Equivalent refined
Platinum 000 oz 358 594 (40)% 357 0% 715 1,177 (39)%
(1) Nickel and copper refined through third parties is shown as
production of nickel matte and copper matte. Nickel and copper matte, per the
table, reflects matte sold to a third party in Q2 2013 from 2012 and 2013
production stockpile
Platinum - Equivalent refined platinum production decreased by 40% to 358,000
ounces, primarily due to the industrial action, which began on 23 January 2014
and which affected the Rustenburg, Amandelbult and Union mines in South
Africa. The industrial action concluded on 24 June 2014. The total platinum
ounces lost due to the industrial action for the second quarter was 239,000
ounces. Total lost production from the industrial action during H1 2014 was
424,000 ounces and a further 16,000 ounces has been lost during the ramp up of
operations as "safe return to work" procedures are undertaken before mining
can commence. In addition, production was 44,000 ounces lower due to the
consolidation of mines at Rustenburg and Union as part of the restructuring in
2013.
The industrial action did not impact production at the Mogalakwena and Unki
mines nor at the majority of the joint operations and associates. Mogalakwena
mine's production increased by 23% to 96,000 ounces, due to higher achieved
4E(15) head grade and increased concentrator throughput, supported by the
mining productivity improvement programmes. Unki mine production was flat at
15,000 ounces.
Production from the joint venture and associate portfolio increased by 3% to
188,000 ounces. All operations except Modikwa mine delivered production
increases. Production at Modikwa mine was impacted in June 2014 by Section 54
safety notices that were issued by the Department of Mineral Resources
following a fatal incident that occurred on 3 June 2014.
Refined platinum production decreased by 28% to 421,000 ounces. While the
processing operations were not directly impacted by the strike action, lower
mined supply affected refined production. A drawdown of inventory helped
offset some of the shortfall.
Palladium, Rhodium and Nickel -Refined production of palladium decreased by
8%, while refined production of rhodium decreased by 30%. This variance was
due to a different source of feed as certain mines' supply was impacted by the
industrial action and the different processing times of the metals. Refined
nickel production increased by 105% as nickel tank house production continues
to improve. Nickel and copper matte production in Q2 2013 includes previously
stockpiled nickel and copper matte delivered to third parties for processing.
DIAMONDS
Diamonds(100% basis) Q22014 Q22013 Q2 2014vs.Q2 2013 Q12014 Q2 2014vs.Q1 2014 H12014 H12013 H1 2014 vs.
H1 2013
Diamonds 000 carats 8,515 7,931 7% 7,531 13% 16,046 14,295 12%
Diamonds - Production increased by 7% to 8.5 million carats largely due to the
recovery from the pit flooding at Venetia in 2013. At Debswana, production
benefited from improved productivity at the processing plants, together with
the impact of the clean-up of the Jwaneng slope failure in 2013. This was
offset by the mining of lower grade areas at Jwaneng.
Operations in southern Africa were affected by high seasonal rainfall in Q1
2014, but recovered in Q2 2014, supported by initiatives implemented to better
cope with these conditions.
NOTE
This Production Report for the second quarter ended 30 June 2014 is
unaudited.
Interim Financial Results for the six months to 30 June 2014 will be announced
on 25 July 2014.
PRODUCTION SUMMARY
The figures below include the entire output of consolidated entities and the
Group's attributable share of joint operations, associates and joint ventures
where applicable, except for De Beers' joint ventures which are quoted on a
100% basis.
Iron Ore (tonnes) Q2 2014 Q1 2014 Q4 2013 Q3 2013 Q2 2013 Q2 2014vs.Q1 2014 Q2 2014vs.Q2 2013 H12014 H12013 H1 2014 vs.H1 2013
Kumba Iron Ore
Lump 6,951,600 6,979,200 6,825,200 5,614,100 6,866,400 0% 1% 13,930,800 13,056,700 7%
Fines 4,513,400 4,348,600 4,460,500 3,860,500 4,411,400 4% 2% 8,862,000 8,556,100 4%
Total Kumba production 11,465,000 11,327,800 11,285,700 9,474,600 11,277,800 1% 2% 22,792,800 21,612,800 5%
Sishen 8,336,600 8,657,500 8,395,000 6,429,100 8,562,100 (4)% (3)% 16,994,100 16,114,400 5%
Kolomela 2,948,400 2,512,900 2,739,500 2,806,100 2,583,600 17% 14% 5,461,300 5,263,100 4%
Thabazimbi 180,000 157,400 151,200 239,400 132,100 14% 36% 337,400 235,300 43%
Total Kumba production 11,465,000 11,327,800 11,285,700 9,474,600 11,277,800 1% 2% 22,792,800 21,612,800 5%
Kumba sales volumes
RSA export iron ore 10,287,200 9,422,700 9,530,200 9,422,400 10,178,300 9% 1% 19,709,900 20,123,500 (2)%
RSA domestic iron ore 1,374,000 1,414,800 1,305,700 1,312,200 1,131,500 (3)% 21% 2,788,800 2,013,500 39%
Samancor
Manganese ore(1) 868,300 692,200 846,000 788,100 864,200 25% 0% 1,560,500 1,667,600 (6)%
Manganese alloys(1)(2) 72,500 64,800 66,200 54,800 72,800 12% 0% 137,300 131,000 5%
Samancor sales volumes
Manganese ore 854,100 833,900 837,900 766,100 793,800 2% 8% 1,688,000 1,658,100 2%
Manganese alloys 74,400 79,200 60,400 56,800 68,400 (6)% 9% 153,600 131,500 17%
Coal (tonnes) Q2 2014 Q1 2014 Q4 2013 Q3 2013 Q2 2013 Q2 2014vs.Q1 2014 Q2 2014vs.Q2 2013 H12014 H12013 H1 2014 vs.H1 2013
Australia
Metallurgical - Export Coking Metallurgical - Export PCI 2,917,700 1,441,800 3,964,000 1,659,300 3,133,900 1,241,900 3,053,000 1,444,700 2,663,400 1,283,800 (26)% (13)% 10% 12% 6,881,700 3,101,100 5,524,700 2,573,600 25% 20%
4,359,500 5,623,300 4,375,800 4,497,700 3,947,200 (22)% 10% 9,982,800 8,098,300 23%
Thermal - Export 958,400 769,300 1,584,700 1,672,400 1,513,100 25% (37)% 1,727,700 3,006,900 (43)%
Thermal - Domestic 1,846,000 1,227,900 1,688,800 1,752,300 1,725,300 50% 7% 3,073,900 2,798,300 10%
2,804,400 1,997,200 3,273,500 3,424,700 3,238,400 40% (13)% 4,801,600 5,805,200 (17)%
Canada
Metallurgical - Export Coking 439,200 409,200 339,300 412,500 448,500 7% (2)% 848,400 912,000 (7)%
Metallurgical - Export PCI 32,000 20,800 18,300 1,700 - 54% - 52,800 - -
471,200 430,000 357,600 414,200 448,500 10% 5% 901,200 912,000 (1)%
South Africa
Thermal - Export 4,273,600 4,149,100 4,602,000 4,504,900 4,015,200 3% 6% 8,422,700 7,924,400 6%
Thermal - Domestic (Eskom) 8,146,800 7,406,900 7,617,800 9,053,200 8,766,600 10% (7)% 15,553,700 16,896,400 (8)%
Thermal - Domestic (Other) 1,611,200 1,359,500 1,234,100 1,665,300 1,573,800 19% 2% 2,970,700 3,092,600 (4)%
14,031,600 12,915,500 13,453,900 15,223,400 14,355,600 9% (2)% 26,947,100 27,913,400 (3)%
Colombia
Thermal - Export 2,907,700 2,948,200 3,290,300 3,184,900 3,014,300 (1)% (4)% 5,855,900 4,526,300 29%
2,907,700 2,948,200 3,290,300 3,184,900 3,014,300 (1)% (4)% 5,855,900 4,526,300 29%
Total Metallurgical coal production 4,830,700 6,053,300 4,733,400 4,911,900 4,395,700 (20)% 10% 10,884,000 9,010,300 21%
Total Export Thermal coal production 8,139,700 7,866,600 9,477,000 9,362,200 8,542,600 3% (5)% 16,007,800 15,457,600 4%
Total Domestic Thermal coal production 11,604,000 9,994,300 10,540,700 12,470,800 12,065,700 16% (4)% 21,596,900 22,787,200 (5)%
Total Coal production 24,574,400 23,914,200 24,751,100 26,744,900 25,004,000 3% (2)% 48,488,600 47,255,100 (3)%
Weighted average achieved FOB prices
Australia and Canada
Metallurgical - Export(3) US$/t 109 124 133 129 153 (12)% (29)% 117 151 (23)%
Thermal - Export US$/t 82 79 78 82 84 4% (2)% 81 87 (7)%
Thermal - Domestic US$/t 35 40 40 39 40 (13)% (13)% 37 39 (5)%
South Africa
Thermal - Export US$/t 73 77 76 74 76 (5)% (4)% 75 80 (6)%
Thermal - Domestic US$/t 19 18 21 18 19 6% 0% 19 20 (5)%
Colombia
Thermal - Export US$/t 67 68 72 70 75 (2%) (11)% 68 76 (11)%
Sales volumes
Australia and Canada
Metallurgical - Export(4) 5,152,600 5,386,200 5,182,200 4,859,000 4,667,100 (4)% 10% 10,538,800 9,003,300 17%
Thermal - Export 897,300 1,019,700 1,881,800 1,477,900 1,505,300 (12)% (40)% 1,917,000 3,011,900 (36)%
Thermal - Domestic 1,870,000 1,331,400 1,632,000 1,684,300 1,700,000 40% 10% 3,201,400 2,809,100 14%
South Africa
Thermal - Export 3,982,500 3,977,300 4,660,200 4,877,600 4,049,100 0% (2)% 7,959,700 7,964,000 0%
Thermal - Domestic 9,677,500 9,078,500 8,805,800 10,429,100 10,243,400 7% (6)% 18,756,100 19,809,200 (5)%
Colombia
Thermal - Export 2,858,200 2,647,200 3,067,100 3,154,800 3,157,100 8% (10)% 5,505,400 4,930,593 12%
Coal by mine (tonnes) Q2 2014 Q1 2014 Q4 2013 Q3 2013 Q2 2013 Q2 2014vs.Q1 2014 Q2 2014vs.Q2 2013 H12014 H12013 H1 2014
vs.H1 2013
Australia
Callide 1,844,600 1,229,200 1,688,800 1,752,300 1,725,300 50% 7% 3,073,800 2,876,600 7%
Capcoal (incl. Grasstree) 1,847,500 1,904,700 1,578,800 1,606,000 1,461,100 (3)% 26% 3,752,200 2,876,600 30%
Dawson 1,101,200 1,022,800 1,162,700 993,300 1,077,100 8% 2% 2,124,000 1,829,800 16%
Drayton 708,500 659,100 976,400 1,055,900 785,000 7% (10)% 1,367,600 1,678,400 (19)%
Foxleigh 471,200 432,900 421,900 541,000 475,700 9% (1)% 904,100 1,003,700 (10)%
Jellinbah 756,300 677,500 755,900 673,400 610,000 12% 24% 1,433,800 1,087,200 32%
Moranbah North 434,600 1,694,300 1,064,800 1,300,500 1,051,400 (74)% (59)% 2,128,900 2,551,200 (17)%
7,163,900 7,620,500 7,649,300 7,922,400 7,185,600 (6)% 0% 14,784,400 13,903,500 6%
Canada
Peace River Coal 471,200 430,000 357,600 414,200 448,500 10% 5% 901,200 912,000 (1)%
471,200 430,000 357,600 414,200 448,500 10% 5% 901,200 912,000 (1)%
South Africa
Goedehoop 1,177,200 1,138,400 1,228,300 1,194,600 1,143,200 3% 3% 2,315,600 2,258,000 3%
Greenside 806,500 803,500 923,700 862,800 792,500 0% 2% 1,610,000 1,483,000 9%
Isibonelo 1,329,100 1,248,900 1,139,700 1,421,700 1,259,500 6% 6% 2,578,000 2,505,400 3%
Kleinkopje 1,142,700 807,500 935,600 1,106,900 973,800 42% 17% 1,950,200 1,954,700 0%
Kriel 1,756,200 2,045,500 1,962,500 2,189,900 2,056,200 (14)% (15)% 3,801,700 3,950,300 (4)%
Landau 870,900 902,700 1,079,800 1,065,800 939,100 (4)% (7)% 1,773,600 1,938,400 (9)%
Mafube 413,500 321,800 416,200 475,400 437,000 28% (5)% 735,300 933,700 (21)%
New Denmark 1,091,800 638,800 569,200 817,100 1,203,700 71% (9)% 1,730,600 2,200,600 (21)%
New Vaal 4,321,200 3,895,000 3,905,200 4,797,300 4,321,200 11% 0% 8,216,200 8,403,300 (2)%
Zibulo 1,122,500 1,113,400 1,293,700 1,291,900 1,229,400 1% (9)% 2,235,900 2,286,000 (2)%
14,031,600 12,915,500 13,453,900 15,223,400 14,355,600 9% (2)% 26,947,100 27,913,400 (3)%
Colombia
Carbones del Cerrejón 2,907,700 2,948,200 3,290,300 3,184,900 3,014,300 (1)% (4)% 5,855,900 4,526,300 29%
2,907,700 2,948,200 3,290,300 3,184,900 3,014,300 (1)% (4)% 5,855,900 4,526,300 29%
Total Coal production 24,574,400 23,914,200 24,751,100 26,744,900 25,004,000 3% (2)% 48,488,600 47,255,100 3%
3%
Copper (tonnes) unless stated otherwise(6) Q2 2014 Q1 2014 Q4 2013 Q3 2013 Q2 2013 Q2 2014vs.Q1 2014 Q2 2014vs.Q2 2013 H12014 H12013 H1 2014
vs.H1 2013
Collahuasi 100% basis (Anglo American share 44%)
Ore mined 16,248,500 17,560,100 23,120,000 19,421,500 19,526,000 (7)% (17)% 33,808,600 38,414,000 (12)%
Ore processed - Oxide 1,659,900 1,700,500 1,481,600 1,594,100 2,024,300 (2)% (18)% 3,360,400 3,953,200 (15)%
Ore processed - Sulphide 13,194,500 12,060,400 14,019,700 13,467,600 9,972,800 9% 32% 25,254,900 20,071,700 26%
Ore grade processed - Oxide (% ASCu)(6) 0.72 0.71 0.71 0.75 0.89 1% (19)% 0.72 0.88 (19)%
Ore grade processed - Sulphide (% TCu)(7) 1.03 1.09 1.23 1.21 1.00 (6)% 3% 1.06 0.88 21%
Production - Copper cathode 4,400 5,300 5,500 6,900 8,400 (17)% (48)% 9,700 16,100 (40)%
Production - Copper in concentrate 117,400 113,600 141,700 137,800 77,400 3% 52% 231,000 136,600 69%
Total copper production for Collahuasi 121,800 118,900 147,200 144,700 85,800 2% 42% 240,700 152,700 58%
Anglo American's share of copper production for Collahuasi(8) 53,600 52,300 64,800 63,700 37,800 2% 42% 105,900 67,100 58%
Anglo American Sur
Los Bronces mine(9)
Ore mined 15,483,900 12,311,300 14,502,400 13,243,600 14,991,700 26% 3% 27,795,200 29,192,100 (5)%
Marginal ore mined 4,949,400 5,280,400 5,261,100 3,903,800 4,551,100 (6)% 9% 10,229,800 8,056,400 27%
Ore processed - Sulphide 13,911,500 13,295,100 12,940,500 13,168,200 12,960,600 5% 7% 27,206,600 25,851,900 5%
Ore grade processed - Sulphide (% TCu) 0.81 0.88 0.87 0.83 0.81 (8)% (1)% 0.84 0.80 5%
Production - Copper cathode 8,900 9,900 9,900 8,600 9,300 (10)% (4)% 18,800 19,300 (3)%
Production - Copper in sulphate - - - - 200 - (100)% - 600 (100)%
Production - Copper in concentrate 97,100 105,700 100,000 97,900 92,200 (8)% 5% 202,800 180,100 13%
Production total 106,000 115,600 109,900 106,500 101,700 (8)% 4% 221,600 200,000 11%
El Soldado mine(9)
Ore mined 450,300 1,893,500 2,001,200 1,910,600 2,439,800 (76)% (82)% 2,343,800 4,664,900 (50)%
Ore processed - Sulphide 1,777,400 1,856,900 1,852,400 1,730,200 1,870,600 (4)% (5)% 3,634,300 3,729,800 (3)%
Ore grade processed - Sulphide (% TCu) 0.58 0.67 0.90 0.65 0.91 (13)% (36)% 0.63 0.97 (35)%
Production - Copper cathode 300 200 300 200 300 50% 0% 500 700 (29)%
Production - Copper in concentrate 8,100 9,700 12,300 9,200 13,600 (16)% (40)% 17,800 28,800 (38)%
Production total 8,400 9,900 12,600 9,400 13,900 (15)% (40)% 18,300 29,500 (38)%
Chagres Smelter(9)
Ore smelted 33,200 36,700 39,900 38,100 35,800 (10)% (7)% 69,900 71,800 (3)%
Production 32,400 35,500 38,700 36,800 34,900 (9)% (7)% 67,900 69,700 (3)%
Total copper production for Anglo American Sur 114,400 125,500 122,500 115,900 115,600 (9)% (1)% 239,900 229,500 5%
Anglo American Norte
Mantos Blancos mine
Ore processed - Sulphide 1,109,000 1,078,000 1,099,500 1,073,300 1,059,400 3% 5% 2,187,000 2,156,800 1%
Ore grade processed - Sulphide (% ICu) (10) 0.60 0.69 0.69 0.69 0.69 (13)% (13)% 0.62 0.61 2%
Production - Copper cathode 7,900 5,000 6,700 7,500 8,000 58% (1)% 12,900 15,300 (16)%
Production - Copper in concentrate 6,300 6,100 6,700 6,100 7,200 3% (13)% 12,400 12,300 1%
Production total 14,200 11,100 13,400 13,600 15,200 28% (7)% 25,300 27,600 (8)%
Mantoverde mine
Ore processed - Oxide 2,566,100 2,530,500 2,473,500 2,708,500 2,544,800 1% 1% 5,096,600 5,203,200 (2)%
Ore processed - Marginal ore 2,189,100 2,105,200 1,729,100 2,179,000 2,235,800 4% (2)% 4,294,300 4,372,300 (2)%
Ore grade processed - Oxide (% ASCu ) 0.48 0.50 0.52 0.55 0.58 (4)% (17)% 0.49 0.60 (17)%
Ore grade processed - Marginal ore (% ASCu ) 0.23 0.24 0.23 0.24 0.26 (1)% (10)% 0.24 0.26 (9)%
Production - Copper cathode 12,200 13,100 13,600 14,100 14,400 (7)% (15)% 25,300 29,100 (13)%
Total copper production for Anglo American Norte 26,400 24,200 27,000 27,700 29,600 9% (11)% 50,600 56,700 (11)%
Total Copper segment copper production 262,600 268,600 296,700 288,300 231,000 (2)% 14% 531,200 438,900 21%
Total Attributable copper production(11) 194,400 202,000 214,300 207,300 183,000 (4)% 6% 396,400 353,300 12%
Attributable sales volumes 180,800 207,600 214,500 216,700 176,700 (13)% 2% 388,400 337,000 15%
15%
Nickel (tonnes) unless stated otherwise(12) Q2 2014 Q1 2014 Q4 2013 Q3 2013 Q2 2013 Q2 2014vs.Q1 2014 Q2 2014vs.Q2 2013 H12014 H12013 H1 2014 vs.H1 2013
Barro Alto
Ore mined 736,600 354,000 321,300 885,200 510,300 108% 44% 1,090,600 792,500 38%
Ore processed 555,500 464,000 487,800 444,400 412,700 20% 35% 1,019,500 684,100 49%
Ore grade processed - %Ni 1.78 1.78 1.82 1.87 1.74 0% 2% 1.78 1.78 0%
Production 8,600 6,900 7,800 7,100 6,100 25% 41% 15,500 10,200 52%
Codemin
Ore mined 6,800 - - - 6,800 - 0% 6,800 6,800 0%
Ore processed 140,800 147,200 151,700 157,000 157,900 (4)% (11)% 288,000 293,700 (2)%
Ore grade processed - %Ni 1.67 1.67 1.72 1.70 1.68 (0)% (1)% 1.67 1.70 (2)%
Production 2,000 2,300 2,400 2,400 2,400 (13)% (17)% 4,300 4,500 (4)%
Total Nickel segment nickel production 10,600 9,200 10,200 9,500 8,500 15% 25% 19,800 14,700 35%
Sales volumes 8,900 10,000 11,200 9,200 6,300 (11)% 41% 18,900 13,400 41%
Niobium (tonnes) unless otherwise stated Q2 2014 Q1 2014 Q4 2013 Q3 2013 Q2 2013 Q2 2014vs.Q1 2014 Q2 2014vs.Q2 2013 H12014 H12013 H1 2014 vs.H1 2013
Niobium
Ore mined 356,200 38,500 457,100 407,500 314,500 825% 13% 394,700 364,200 8%
Ore processed 238,700 229,700 224,400 239,900 249,700 4% (4)% 468,400 498,800 (6)%
Ore grade processed - %Nb 1.10 0.92 1.16 1.19 1.11 20% (1)% 1.01 1.16 (13)%
Production 1,100 1,100 1,200 1,100 1,100 - 0% 2,200 2,200 0%
Sales volumes 1,200 1,100 1,200 1,200 1,200 9% 0% 2,300 2,300 0%
Phosphates (tonnes) unless otherwise stated Q2 2014 Q1 2014 Q4 2013 Q3 2013 Q2 2013 Q2 2014vs.Q1 2014 Q2 2014vs.Q2 2013 H12014 H12013 H1 2014 vs.H1 2013
Phosphates
Concentrate 349,500 347,900 353,400 355,000 349,900 0% - 697,400 697,900 -
Concentrate grade - %P2O5 37.1 36.8 36.7 37.1 37.4 1% (1)% 37.0 37.4 (1)%
Phosphoric acid 81,300 53,800 78,000 79,500 82,100 51% (1)% 135,100 159,600 (15)%
Fertiliser(13) 275,700 267,200 299,000 326,300 300,500 3% (8)% 542,900 573,700 (5)%
High analysis fertiliser 44,200 30,100 44,400 61,300 53,000 47% (17)% 74,300 103,600 (28)%
Low analysis fertiliser 231,500 237,100 254,600 265,000 247,500 (2)% (6)% 468,600 470,100 -
Dicalcium phosphate (DCP) 43,600 31,600 38,700 43,100 39,500 38% 10% 75,200 77,800 (3)%
Fertiliser sales volumes 241,000 266,500 340,100 280,300 263,600 (10)% (9)% 507,500 542,900 (7)%
Platinum Q2 2014 Q1 2014 Q4 2013 Q3 2013 Q2 2013 Q2 2014vs.Q1 2014 Q2 2014vs.Q2 2013 H12014 H12013 H1 2014 vs.H1 2013
Refined production
Platinum (troy oz) 420,600 435,200 692,100 666,400 581,800 (3)% (28)% 855,800 1,021,000 (16)%
Palladium (troy oz) 294,600 256,700 428,200 369,300 319,700 15% (8)% 551,300 583,300 (5)%
Rhodium (troy oz) 48,700 60,600 83,500 84,900 69,800 (20)% (30)% 109,300 126,300 (13)%
Copper refined (tonnes)(14) 3,900 3,200 1,800 2,600 1,900 22% 105% 7,100 3,900 49%
Copper matte (tonnes)(14) 2,300 1,200 1,400 300 4,100 92% (44)% 3,500 4,100 17%
Nickel refined (tonnes)(14) 5,600 4,900 5,200 4,900 3,400 14% 65% 10,500 6,700 36%
Nickel matte (tonnes)(14) 2,700 1,400 100 300 5,400 93% (50)% 4,100 5,400 2%
Gold (troy oz) 26,700 25,400 26,700 33,700 16,300 5% 64% 52,100 39,600 32%
Equivalent refined
Platinum (troy oz) 358,200 357,000 520,300 622,600 594,500 0% (40)% 715,200 1,177,000 (39)%
4E built-up head grade (g/tonne milled)(15) 2.77 2.86 3.19 3.36 3.24 (3)% (15)% 2.82 3.25 (13)%
Diamonds Q2 2014 Q1 2014 Q4 2013 Q3 2013 Q2 2013 Q2 2014vs.Q1 2014 Q2 2014vs.Q2 2013 H12014 H12013 H1 2014 vs.H1 2013
Carats recovered(100% basis)
Orapa 3,487,000 3,204,000 3,516,000 2,644,000 3,132,000 9% 11% 6,691,000 5,215,000 28%
Letlhakane 177,000 131,000 164,000 132,000 257,000 35% (31)% 308,000 386,000 (20)%
Damtshaa 70,000 56,000 102,000 55,000 58,000 25% 21% 126,000 107,000 18%
Jwaneng 2,532,000 2,367,000 2,575,000 2,615,000 2,922,000 7% (13)% 4,899,000 5,196,000 (6)%
Debswana 6,266,000 5,758,000 6,357,000 5,446,000 6,369,000 9% (2)% 12,024,000 10,904,000 10%
Land 199,000 137,000 148,000 161,000 137,000 45% 45% 336,000 293,000 15%
Marine 310,000 295,000 317,000 284,000 286,000 5% 8% 605,000 559,000 8%
Namdeb Holdings 509,000 432,000 465,000 445,000 423,000 18% 20% 941,000 852,000 10%
Kimberley 154,000 159,000 147,000 224,000 223,000 (3)% (31)% 313,000 444,000 (30)%
Venetia 834,000 531,000 1,403,000 891,000 258,000 57% 223% 1,365,000 898,000 52%
Voorspoed 186,000 242,000 178,000 240,000 158,000 (23)% 18% 428,000 299,000 43%
DBCM 1,174,000 932,000 1,728,000 1,355,000 639,000 26% 84% 2,106,000 1,641,000 28%
Snap Lake 379,000 268,000 397,000 315,000 328,000 41% 16% 647,000 600,000 8%
Victor 187,000 141,000 185,000 171,000 172,000 33% 9% 328,000 298,000 10%
De Beers Canada 566,000 409,000 582,000 486,000 500,000 38% 13% 975,000 898,000 9%
Total carats recovered 8,515,000 7,531,000 9,132,000 7,732,000 7,931,000 13% 7% 16,046,000 14,295,000 12%
(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) ICu = insoluble copper (total copper less acid soluble
copper)
(11) Difference between total copper production and attributable
copper production arises from Anglo American's 44% interest in Collahuasi
(12) Excludes Anglo American Platinum's nickel production
(13) 2013 fertiliser includes updated production quantification
methodology in the acidulation plant at Cubatão
(14) 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
(15) 4E: the grade measured as the combined content of the four
most valuable precious metals: platinum, palladium,
- More to follow, for following part double click ID:nRSQ5488MbRecent news on Anglo American
See all newsREG - Anglo American PLC - Anglo American Production Report Q2 2025
AnnouncementREG - Valterra Platinum - Production Report Q2 2025
AnnouncementREG - Valterra Platinum - Trading Statement
AnnouncementREG - Valterra Platinum - Board Changes: Independent NED appointments
AnnouncementREG - Anglo American PLC - Director/PDMR Shareholding
Announcement