REG - Anglo American PLC - Q3 2015 Production Report <Origin Href="QuoteRef">AAL.L</Origin> - Part 1

Anglo AmericanAnnouncement

22/10/2015 07:02

RNS Number : 0390D
Anglo American PLC
22 October 2015
22 October 2015
Anglo American plc
Production Report for the third quarter ended 30 September 2015
Click on, or paste the following link into your web browser, to view the associated PDF document
http://www.rns-pdf.londonstockexchange.com/rns/0390D_-2015-10-21.pdf
Overview
Q3 2015
Q3 2014
% vs. Q3 2014
YTD 2015
YTD 2014
% vs. YTD 2014
Iron ore - Kumba (Mt)
11.4
13.0
(12)%
33.9
35.8
(5)%
Iron ore - Minas-Rio (Mt)(1)
2.9
-
nm
5.9
-
nm
Export metallurgical coal (Mt)
5.5
5.1
8%
15.7
16.0
(2)%
Export thermal coal (Mt)
8.8
9.0
(2)%
26.1
25.0
5%
Copper (t)(3) (4)
171,100
176,900
(3)%
527,400
573,300
(8)%
Nickel (t)(5)
6,800
10,700
(36)%
19,800
30,500
(35)%
Platinum (produced ounces) (koz)(6)
614
541
14%
1,739
1,267
37%
Diamonds (Mct)(7)
6.0
8.2
(27)%
21.6
24.2
(11)%
 Q3 2015 production increased by 2% (on a copper equivalent basis) compared to Q3 2014 and by 3% compared to Q2 2015.
 Iron ore production from Kumba decreased by 12% to 11.4 million tonnes due to a temporary lack of sufficient exposed high quality ore for blending purposes at Sishen and adjustments to the mine plan and schedule as it transitions to the lower cost pit configuration.
 Minas-Rio produced 2.9 million tonnes (wet basis) of iron ore, a 60% increase compared to Q2 2015, reflecting the ongoing ramp up of the operation.
 Export metallurgical coal production increased by 8% to 5.5 million tonnes, driven by productivity improvements at Grasstree, which more than offset the loss of production from Peace River Coal being placed on care and maintenance in December 2014.
 Export thermal coal production was broadly flat at 8.8 million tonnes, with higher production at Cerrejn offsetting lower production from South Africa.
 Copper production from retained operations increased by 1%, while total production decreased by 3% to 171,100 tonnes as a result of the sale of the Norte assets, effective for reporting from 1 September.
 Nickel production decreased by 36% to 6,800 tonnes due to the planned Barro Alto furnace rebuilds. Both furnace rebuilds are now complete, ahead of schedule and below budgeted cost, with Furnace 2 operating at design capacity and Furnace 1 currently being ramped up.
 Platinum production (expressed as metal in concentrate)(6) increased by 14% to 614,300 ounces due to Rustenburg, Amandelbult and Union mines ramping up to normal production levels during the comparable period in 2014 following the strike.
 Diamond production decreased by 27% to 6.0 million carats, following the decision to reduce production to better reflect current trading conditions.
(1) Wet basis; (2) Not meaningful (nm); (3) Copper production from the Copper business unit; (4) Copper production shown on a contained metal basis; (5) Nickel production from the Nickel business unit; (6) In keeping with industry benchmarks, production disclosure has been amended to reflect own mine production and purchases of metal in concentrate. Previous disclosure of own mine production and purchases of metal in concentrate was converted to equivalent refined production using standard smelting and refining recoveries; (7) De Beers production on 100% basis.


IRON ORE AND MANGANESE
Iron Ore and Manganese 
Q3
2015
Q3
2014
Q3 2015
vs.
Q3 2014
Q2
2015
Q3 2015
vs.
Q2 2015
YTD
2015
YTD
2014
YTD 2015 vs. 
YTD2014
Iron ore - Kumba
000t
11,391
12,972
(12)%
10,385
10%
33,943
35,765
(5)%
Iron ore - Minas-Rio(1)
000t
2,919
-
nm
1,826
60%
5,922
-
nm
Manganese ore(2)
000t
923
866
7%
806
15%
2,516
2,427
3%
Manganese alloys(3)
000t
44
68
(36)%
54
(18)%
170
206
(17)%
(1) Wet basis
(2) Saleable production 
(3) Production includes medium carbon ferro-manganese
Kumba Iron Ore - Production from Kumba Iron Ore decreased by 12% to 11.4 million tonnes.
Sishen produced 7.7 million tonnes, a decrease of 17% due to a temporary lack of sufficient exposed high quality ore for blending purposes and adjustments to the mine plan and schedule as it transitions to the lower cost pit configuration.
At Kolomela, revised mining plans were implemented, including deferral of mining at one of three pits. Efficiencies and throughput at the plant continued to improve, resulting in production of 3.3 million tonnes for the quarter.
Export sales of 9.8 million tonnes were achieved, an increase of 9%, due to improved rail and port operating performance. Total finished product stocks were 4.7 million tonnes, compared with 6.5 million tonnes at 30 September 2014.
Production guidance
While further operational improvement is expected in Q4, Sishen production for 2015 is revised to ~31 million tonnes (previous guidance of 33 million tonnes). Waste mining activities are currently at ~230 million tonnes and are expected to be maintained at this level for the remainder of 2015 and 2016 to ensure adequate volumes of high quality ore are exposed (previous guidance ~200 million tonnes).
Kolomela production for the year has been revised upwards to ~12 million tonnes (previous guidance of 11 million tonnes) and, in order to ensure feed to the plants at this rate going forward, waste mining has been increased to 44-45 million tonnes (previous guidance of 35-38 million tonnes).
Overall production guidance at Kumba for 2015 is revised to ~43 million tonnes (previous guidance ~44 million tonnes).
Iron Ore Brazil - Minas-Rio's ramp up is continuing and gained further momentum during the third quarter, with 2.9 million tonnes (wet basis) produced, 60% higher than in Q2 2015. The mine, pipeline and filtration plant productivity rates are in line with plan, however Q3 production was marginally lower than expected due to water quality issues (a result of ongoing drought conditions and the mix of ore mined which limits blending opportunities in the current shallow pit).
Production guidance
As a result, full year production guidance for Minas-Rio has been decreased to ~10 million tonnes (wet basis) from previous guidance of 11 to 14 million tonnes (wet basis).
Manganese ore - Manganese ore production increased by 7% in Q3 2015, largely driven by the Australian operations. Ore production from South African operations was adjusted lower to meet decreased demand from Metalloys, where furnaces were shut in response to market conditions.
Manganese alloy - Manganese alloy production decreased by 36% with only one furnace in operation at Metalloys, due to market conditions, compared with full operation in Q3 2014.
COAL
Coal 
Q3
2015
Q3
2014
Q3 2015
vs.
Q3 2014
Q2
2015
Q3 2015
vs.
Q2 2015
YTD
2015
YTD
2014
YTD 2015 vs. 
YTD 2014
Australia & Canada









Metallurgical - Export
000 t
5,476
5,090
8%
5,253
4%
15,724
15,974
(2)%
Thermal - Export
000 t
1,366
1,575
(13)%
1,327
3%
4,126
3,302
25%
Thermal - Domestic 
000 t
1,800
2,074
(13)%
1,622
11%
5,073
5,148
(1)%
South Africa









Thermal - Export 
000 t
4,887
5,008
(2)%
4,297
14%
13,526
13,430
1%
Thermal - Domestic (Eskom)
000 t
6,763
8,000
(15)%
6,774 
0%
20,488
23,554
(13)%
Thermal - Domestic (Non-Eskom)
000 t
1,730
1,863
(7)%
1,590 
9%
5,022
4,834
4%
Colombia









Thermal - Export
000 t
2,527
2,369
7%
2,944
(14)%
8,446
8,225
3%
Australiaand Canada - Export metallurgical coal production increased by 8% to 5.5 million tonnes due to record production from Capcoal's underground Grasstree operation and development coal delivered from Grosvenor, which more than offset the effect of Peace River Coal being placed on care and maintenance in December 2014 (Q3 2014 production of 0.4 million tonnes) and an extended longwall move at Moranbah in Q3 to rectify equipment design issues.
Australian export thermal coal production decreased by 13% to 1.4 million tonnes due to expected lower production from Drayton as the mine nears the end of its life.
South Africa - Export thermal coal production reduced by 2% to 4.9 million tonnes. Lower production at Mafube, as the operation transitioned into new reserves, and the planned closure of one section at Goedehoep was partly offset by productivity improvements across all operations, notably at Zibulo (+10%) and Greenside (+6%).
Eskom production decreased by 15% to 6.8 million tonnes predominantly due to reduced demand from Eskom.
Domestic thermal (Non-Eskom) production reduced by 7% to 1.7 million tonnes due to a safety related stoppage at Isibonelo.
Colombia - Cerrejn's production increased by 7% to 2.5 million tonnes, due to improved productivity and heavy rain in the comparable period in Q3 2014.
Production guidance
Full year production guidance remains unchanged at 20 to 21 million tonnes for export metallurgical coal and 28 to 30 million tonnes for export thermal coal from South Africa and Colombia.
COPPER
Copper 
Q3
2015
Q3
2014
Q3 2015
vs.
Q3 2014
Q2
2015
Q3 2015
vs.
Q2 2015
YTD
2015
YTD
2014
YTD 2015 vs. 
YTD 2014
Copper(1)
t
171,100
176,900
(3%)
184,500
(7%)
527,400
573,300
(8%)
Copper retained operations(2)
t
153,100
150,900
1%
156,700
(2%)
456,600
496,700
(8%)
(1) Copper production shown on a contained metal basis
(2) Anglo American Norte excluded for all periods
Copper - Copper production decreased by 3% to 171,100 tonnes, largely driven by the sale of the Norte assets, effective for reporting from 1 September 2015. Production from retained operations increased by 1%.
Production from Los Bronces increased by 3% to 98,600 tonnes. Higher grade material was processed to offset water constraints during July and August. High levels of plant throughput were achieved in September. The total year-to-date production impact of water constraints was ~18,000 tonnes, net of mitigating actions. Following high levels of precipitation during the latter part of Q3, no further water constraints are expected to impact production in 2015.
At Collahuasi, attributable production decreased by 10% to 43,500 tonnes. This was primarily due to major maintenance on two of the three smaller SAG lines (together ~40% of capacity) to address previously reported vibration and structural issues. Plant operating times are expected to increase during Q4 2015, with no major maintenance shutdowns expected. 
On 29 September 2015, Collahuasi announced an intention to focus solely on the higher margin sulphide production and to curtail the higher cost oxide production, with a gradual ramp-down beginning from 1 October 2015. 
El Soldado production increased by 64% to 11,000 tonnes due to higher grade ore processed.
Production guidance
Following the sale of the Norte assets (~37,000 tonnes impact) and the announced changes at Collahuasi (~3,000 tonnes impact at 44% share), full year production guidance is adjusted to 680,000 to 710,000 tonnes (previously 720,000 to 750,000 tonnes).
The annualised impact of the sale of the Norte assets is ~110,000 tonnes, whilst the annual impact of the curtailment of Collahuasi oxide production is ~10,000 tonnes (at 44% share).
NICKEL
Nickel
Q3
2015
Q3
2014
Q3 2015
vs.
Q3 2014
Q2
2015
Q3 2015
vs.
Q2 2015
YTD
2015
YTD
2014
YTD 2015 vs. 
YTD 2014
Nickel
t
6,800
10,700
(36)%
6,300
8%
19,800
30,500
(35)%
Nickel - Nickel production decreased by 36% to 6,800 tonnes, due to the planned furnace rebuilds at Barro Alto.The Furnace 2 rebuild was concluded ahead of schedule, with first metal tapped in April 2015 and is now producing at nameplate capacity. First metal was tapped following the Furnace 1 rebuild in September 2015, also ahead of schedule, and ramp up is under way with nameplate capacity expected to be achieved by the end of 2016. The overall furnace rebuild is now expected to be completed at below budgeted cost.
Production from Codemin decreased by 13% to 2,100 tonnes mainly due to differences in maintenance timing between years.
Production guidance
Full year production guidance has been revised upwards to 28,000 to 30,000 tonnes (previously 25,000 to 30,000 tonnes).
NIOBIUM 
Niobium
Q3
2015
Q3
2014
Q3 2015
vs.
Q3 2014
Q2
2015
Q3 2015
vs.
Q2 2015
YTD
2015
YTD
2014
YTD 2015 vs.
YTD 2014
Niobium
t
1,800
1,200
50%
1,600
13%
4,700
3,400
38%
Niobium - Niobium production increased by 50% to 1,800 tonnes following the ramp up of the Boa Vista Fresh Rock (BVFR) plant. Production from installed capacity is expected to increase to 6,800 tonnes per year once the BVFR plant reaches nameplate capacity in mid-2016 (previously 2017).
PHOSPHATES
Phosphates 
Q3
2015
Q3
2014
Q3 2015
vs.
Q3 2014
Q2
2015
Q3 2015
vs.
Q2 2015
YTD
2015
YTD
2014
YTD 2015 
vs. 
YTD 2014
Phosphates









Concentrate
t
363,100
362,700
0%
303,300
20%
985,700
1,060,100
(7)%
Phosphoric Acid
t
75,600
81,300
(7)%
62,400
21%
201,200
216,400
(7)%
Fertiliser
t
294,400
284,700
3%
274,200
7%
 807,400
827,600
(2)%
Dicalcium phosphate (DCP)
t
33,700
44,100
(24)%
38,700
(13)%
108,600
119,300
(9)%
Phosphates - Concentrate and fertiliser production was broadly in line with Q3 2014. Phosphoric acid production decreased by 7% to 75,600 tonnes mainly due to plant repairs at Cubato and DCP production decreased by 24% as priority was given to phosphoric acid sales. 
PLATINUM
Platinum

Q3
2015
Q3
2014
Q3 2015
vs.
Q3 2014
Q2
2015
Q3 2015
vs.
Q3 2015
YTD
2015
YTD
2014
YTD 2015 vs. 
YTD 2014
Refined









Platinum
000 oz
611
460
33%
561
9%
1,714
1,316
30%
Palladium
000 oz
391
316
23%
388
1%
1,127
868
30%
Rhodium
000 oz
78
48
60%
77
1%
220
158
39%
Copper - Refined
t
4,200
2,800
50%
4,000
5%
12,100
9,900
22%
Copper - Matte(1)
t
-
1,300
(100)%
-
-
300
4,800
(94)%
Nickel - Refined
t
6,400
5,200
23%
6,000
7%
18,100
15,700
15%
Nickel - Matte(1)
t
-
1,800
(100)%
-
-
400
5,900
(93)%
Gold
000 oz
23
15
58%
30
(24)%
84
67
25%
Produced ounces(2)









Platinum
000 oz
614
541
14%
581
6%
1,739
1,267
37%
(1) Nickel and copper refined through third parties is shown as production of nickel matte and copper matte
(2) In keeping with industry benchmarks, production disclosure has been amended to reflect own mine production and purchases of metal in concentrate. Previous disclosure of own mine production and purchases of metal in concentrate was converted to equivalent refined production using standard smelting and refining recoveries.
Platinum-Platinum production increased by 14% to 614,300 ounces compared to 541,000 ounces in Q3 2014, where strike-affected mines were ramping up to normal production during the quarter. Production increased by 6% compared to Q2 2015 due to increased volumes, as the third quarter has the highest number of working days in the year.
Platinum production from own mines and tailings retreatment increased by 25% to 395,000 ounces due to the Rustenburg, Amandelbult and Union operations ramping up following the strike in the comparable period in Q3 2014. Lost production in Q3 2014 as a result of the ramp-up following the strike was approximately 92,000 ounces. In addition, as part of the on-going optimisation of Union mine, production decreased by 11,000 ounces in Q3 2015 following the closure of the mine declines at the end of 2014. 
Mogalakwena production increased by 2% to 90,000 ounces due to higher achieved head grade and improved recoveries at the concentrator. The mine was affected by community disruption during the quarter which led to a loss of production of 9,000 ounces. 
Rustenburg (including WLTR) increased platinum production from 101,000 ounces to 122,000 ounces; Union mine increased from 34,000 to 38,000 ounces; and Amandelbult increased from 75,000 to 126,000 ounces due to the mines ramping up to normal production in 2014 following the strike.
Independently managed production (mined and purchased) was broadly unchanged at 209,000 ounces.
Refined platinum production increased by 33% to 610,900 ounces, following a return to normal production after the industrial action and subsequent ramp up in Q3 2014. Refined palladium and rhodium increased for similar reasons. The mix of metals returned to normal compositions as all mines produced at normal rates.
Production guidance
Full year production guidance is unchanged at 2.3 to 2.4 million ounces.
DIAMONDS
Diamonds
(100% basis)
Q3
2015
Q3
2014
Q3 2015
vs.
Q3 2014
Q2
2015
Q3 2015
vs.
Q2 2015
YTD
2015
YTD
2014
YTD 2015 vs.
YTD 2014
Diamonds
000 carats
6,012
8,193
(27)%
7,963
(25)%
21,640
24,239
(11)%
De Beers - Diamond production decreased by 27% to 6.0 million carats, following the decision to reduce production to better reflect current trading conditions.
At Debswana, production decreased by 35% to 4.1 million carats as a result of planned maintenance being prioritised in light of current trading conditions at both Jwaneng and Orapa, whilst at Jwaneng there was also a focus on waste mining and the processing of lower grade material.
Production at DBCM (South Africa) decreased by 8% to 1.0 million carats, largely as a result of reduced throughput and processing lower grades at Venetia, again as a response to current trading conditions.
Production in Namibia increased by 4% due to higher volumes from the marine operations, partly as a result of increased availability of the Mafuta vessel.
Production in Canada increased by 11%, due principally to improved grades at Snap Lake.
Production guidance
Full year production guidance is now ~29 million carats (previously 29 to 31 million carats), subject to trading conditions.
EXPLORATION AND EVALUATION
Exploration and Evaluation expenditure totalled $70 million, a decrease of 34% compared to Q3 2014. Exploration expenditure for the quarter was $32 million, a decrease of 26%. Evaluation expenditure for the quarter was $38 million, a decrease of 40%, primarily in relation to iron ore.
NOTE
This Production Report for the third quarter ended 30 September 2015 is unaudited.
PRODUCTION SUMMARY
The figures below include the entire output of consolidated entities and the Group's attributable share of joint operations, associates and joint ventures where applicable, except for De Beers' joint ventures which are quoted on a 100% basis.
Iron ore (tonnes)
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q3 2015
vs.
Q2 2015
Q3 2015
vs.
Q3 2014
YTD
2015
YTD
2014
H1 2015 vs.
H1 2014
Kumba Iron Ore










Lump
7,322,300
6,761,800
7,889,900
8,048,000
8,235,700
8%
(11)%
21,974,100
23,220,800
(5)%
Fines
4,068,600
3,622,900
4,277,500
4,383,600
4,736,400
12%
(14)%
11,968,900
12,544,100
(5)%
Total Kumba production
11,390,900
10,384,700
12,167,400
12,431,600
12,972,100
10%
(12)%
33,943,000
35,764,900
(5)%
Sishen
7,669,800
7,176,200
8,885,500
9,286,300
9,260,200
7%
(17)%
23,731,600
26,254,300
(10)%
Kolomela
3,347,800
2,880,300
2,972,500
2,727,800
3,379,000
16%
(1)%
9,200,600
8,840,300
4%
Thabazimbi
373,300
328,200
309,400
417,500
332,900
14%
12%
1,010,800
670,300
51%
Total Kumba production
11,390,900
10,384,700
12,167,400
12,431,600
12,972,100
10%
(12)%
33,943,000
35,764,900
(5)%
Kumba sales volumes










RSA export iron ore
9,846,500
11,732,600
11,471,600
11,699,000
9,058,800
(16)%
9%
33,050,700
28,768,700
15%
RSA domestic iron ore
960,700
1,348,000
1,434,600
901,800
1,129,200
(29)%
(15)%
3,743,300
3,918,000
(4)%
Minas-Rio










Pellet feed (wet basis)
2,918,800
1,826,200
1,176,700
687,700
-
60%
nm
5,921,700
-
nm
Minas-Rio sales volumes










Export - pellet feed (wet basis)
2,793,900
1,344,400
1,294,300
239,600
-
108%
nm
5,432,600
-
nm
Samancor










Manganese ore(1)
923,200
805,700
786,700
882,100
866,000
15%
7%
2,515,600
2,426,500
3%
Manganese alloys(1)(2)
43,700
53,600
72,800
80,400
 68,400
(18)%
(36)%
170,100
205,700
(17)%
Samancor sales volumes










Manganese ore
813,900
720,700
829,900
841,100
853,000
13%
(5)%
2,364,500
2,541,000
(7)%
Manganese alloys
42,400
55,300
63,600
72,800 
 68,400
(23)%
(38)%
178,800
222,000
(19)%


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










Metallurgical - Export Coking
4,115,000
3,743,800
3,746,900
3,364,400
3,196,200
10%
29%
11,605,700
10,077,900
15%
Metallurgical - Export PCI
1,360,500
1,508,800
1,248,800
1,395,800
1,493,900
(10)%
(9)%
4,118,000
4,595,000
(10)%

5,475,500
5,252,600
4,995,700
4,760,200
4,690,100
4%
17%
15,723,800
14,672,900
7%
Thermal - Export
1,366,400
1,326,600
1,433,200
1,871,600
1,574,600
3%
(13)%
4,126,200
3,302,300
25%
Thermal - Domestic
1,800,500
1,622,400
1,649,900
1,966,300
2,074,400
11%
(13)%
5,072,800
5,148,300
(1)%

3,166,900
2,949,000
3,083,100
3,837,900
3,649,000
7%
(13)%
9,199,000
8,450,600
9%
Canada










Metallurgical - Export Coking
-
-
-
160,200
385,000
0%
nm
-
1,233,400
(100)%
Metallurgical - Export PCI
-
-
-
11,200
15,000
0%
nm
-
67,800
(100)%

-
-
-
171,400
400,000
0%
nm
-
1,301,200
(100)%
South Africa










Thermal - Export
4,887,200
 4,296,700 
4,341,700 
4,782,800
5,007,600 
14%
(2)%
13,525,600
 13,430,400 
1% 
Thermal - Domestic (Eskom)
6,763,000
 6,774,000 
6,950,700 
7,434,600
8,000,200 
(0)%
(15)%
20,487,700
 23,553,900 
(13)%
Thermal - Domestic 
(Non-Eskom)
1,730,400
 1,590,000 
 1,702,000 
1,761,400
 1,862,800 
9%
(7)%
5,022,400
 4,833,500 
4% 

13,380,600
12,660,700 
12,994,400 
13,978,800
14,870,600
6%
(10)%
39,035,700
41,817,800
(7)%
Colombia










Thermal - Export
2,526,800
2,944,400
2,975,000
3,002,300
2,368,800
(14)%
7%
8,446,200
8,224,700
3%
Total Metallurgical coal production
5,475,400
5,252,600
4,995,700
4,931,600
5,090,100
4%
8%
15,723,800
15,974,100
(2)%
Total Export Thermal coal production
8,780,400
8,567,700
8,749,900
9,656,700
8,951,000
2%
(2)%
26,098,000
24,957,400
5%
Total Domestic Thermal coal production
10,293,900
9,986,400
10,302,600
11,162,300
11,937,400
3%
(14)%
30,582,900
33,535,700
(9)%
Total Coal production
24,549,800
23,806,700
24,048,200
25,750,600
25,978,500
3%
(5)%
72,404,700
74,467,200
(3)%
Sales volumes (own mined)










Australia and Canada










Metallurgical - Export(4)
5,480,900
5,103,100
5,113,400
5,025,600
5,003,800
7%
10%
15,697,400
15,542,600
1%
Thermal - Export
1,638,600
1,505,800
1,418,200
2,345,400
1,703,800
9%
(4)%
4,562,500
3,620,800
26%
Thermal - Domestic
1,871,900
1,670,500
1,591,000
1,989,400
2,102,300
12%
(11)%
5,133,400
5,303,700
(3)%
South Africa










Thermal - Export
4,568,600
4,967,400
5,195,200 
5,139,300
4,473,700
(8)%
2% 
14,731,100 
12,433,500
18%
Thermal - Domestic
7,977,783
8,203,900
8,746,600
8,770,400
9,690,900
(3)%
(18)%
24,928,300 
 28,447,000 
(12)%
Colombia










 Thermal - Export
2,853,400
2,765,700
3,005,100
2,732,000
3,076,800
3%
(7)%
8,624,200
8,582,100
0%
Coal by mine (tonnes)
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q3 2015
vs.
Q2 2015
Q3 2015
vs.
Q3 2014
YTD
2015
YTD
2014
YTD 2015 vs.
YTD 2014
Australia










Callide
1,988,900
1,789,300
1,857,000
2,164,700
2,318,500
11%
(14)%
5,635,200
5,392,300
5%
Capcoal 
(incl. Grasstree)
2,353,300
1,793,500
2,259,100
2,074,300
1,816,300
31%
30%
6,405,900
5,568,500
15%
Dawson
1,249,400
1,375,500
663,800
1,074,800
1,041,400
(9)%
20%
3,288,700
3,165,400
4%
Drayton
600,400
462,800
707,500
920,200
817,000
30%
(27)%
1,770,700
2,184,600
(19)%
Foxleigh
494,800
511,200
478,300
579,200
551,200
(3)%
(10)%
1,484,300
1,455,300
2%
Grosvenor
147,300
121,800
51,600
-
-
21%
0%
320,700
-
0%
Jellinbah
798,400
766,400
763,900
757,100
732,800
4%
9%
2,328,700
2,166,600
7%
Moranbah North
1,009,900
1,381,100
1,297,600
1,027,800
1,061,900
(27)%
(5)%
3,688,600
3,190,800
16%

8,642,400
8,201,600
8,078,800
8,598,100
8,339,100
5%
4%
24,922,800
23,123,500
8%
Canada










Peace River Coal
-
-
-
171,400
400,000
0%
(100)%
-
1,301,200
(100)%

-
-
-
171,400
400,000
0%
(100)%
-
1,301,200
(100)%
South Africa










Goedehoop
1,151,200
 1,106,100 
1,133,800
1,245,800
1,210,200
4% 
(5)%
3,391,100 
 3,525,800 
(4)%
Greenside
1,059,600 
 992,300 
927,500
1,010,700
1,003,400
7% 
6% 
2,979,400 
 2,613,500 
14% 
Zibulo
1,592,500 
 1,385,000 
1,281,100
1,367,900
1,450,000
15% 
10% 
4,258,500 
3,685,900 
16% 
Kleinkopje
895,200 
 572,000 
860,300
950,200
1,011,500
57% 
(11)%
2,327,500 
 2,961,600 
(21)%
Landau
1,144,600 
 1,065,000 
979,900
1,208,800
1,195,900
7% 
(4)%
3,189,500 
 2,969,600 
7% 
Mafube
370,100 
 344,500 
361,500
414,700
525,400
7% 
(30)%
1,076,000 
 1,260,700 
(15)%
New Vaal
3,576,700 
 4,211,200 
3,548,600
3,701,400
4,755,200
(15)%
(25)%
11,336,600 
12,971,500
(13)%
New Denmark
881,600 
 441,100 
872,600
1,312,400
724,900
100% 
22% 
2,195,300 
2,455,500
(11)%
Kriel
1,613,000 
 1,546,000 
1,813,300
1,462,400
1,614,000
4% 
(0)%
4,972,300 
5,415,600
(8)%
Isibonelo
1,096,100 
 997,500 
1,215,800
1,304,500
1,380,100
10% 
(21)%
3,309,500 
3,958,100
(16)%

13,380,600 
12,660,700
12,994,400
13,978,800
14,870,600
6% 
(10)%
39,035,700 
41,817,800
(7)%
Colombia










Carbones del Cerrejn
2,526,800
2,944,400
2,975,000
3,002,300
2,368,800
(14)%
7%
8,446,200
8,224,700
3%
Total Coal production
24,549,800
23,806,700
24,048,200
25,750,600
25,978,500
3%
(5)%
72,404,700
74,467,200
(3)%


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










Ore mined
18,879,300
20,130,700
18,094,700
15,594,200
16,442,500
(6)%
15%
57,104,700
50,251,100
14%
Ore processed - Oxide
1,484,900
1,835,700
1,333,300
1,552,300
1,744,800
(19)%
(15)%
4,653,900
5,105,200
(9)%
Ore processed - Sulphide
9,464,800
10,464,200
11,060,300
11,991,600
11,689,600
(10)%
(19)%
30,989,300
36,944,500
(16)%
Ore grade processed - Oxide 
(% ASCu)(6)
0.63
0.60
0.69
0.68
0.78
6%
(19)%
0.63
0.74
(14)%
Ore grade processed - Sulphide (% TCu)(7)
1.09
1.15
1.08
1.1
1.12
(5)%
(2)%
1.11
1.08
3%
Production - Copper cathode
6,000
6,600
6,500
9,100
6,200
(9)%
(3)%
19,100
15,900
20%
Production - Copper in concentrate
92,800
105,500
98,000
110,400
104,000
(12)%
(11)%
296,300
335,000
(12)%
Total copper production for Collahuasi
98,800
112,100
104,500
119,500
110,200
(12)%
(10)%
315,400
350,900
(10)%
Anglo American's share of copper production for Collahuasi(8)
43,500
49,300
46,000
52,600
48,500
(12)%
(10)%
138,800
154,400
(10)%
Anglo American Sur 










Los Bronces mine(9)










Ore mined
10,112,600
13,345,700
13,548,000
15,655,600
14,215,400
(24)%
(29)%
37,006,300
42,010,600
(12)%
Marginal ore mined
7,733,600
10,929,100
8,916,800
8,993,400
7,012,900
(29)%
10%
27,579,500
17,242,700
60%
Ore processed - Sulphide
11,584,300
10,447,300
9,250,100
12,739,000
14,202,100
11%
(18)%
31,281,700
41,408,700
(24)%
Ore grade processed - Sulphide (% TCu)
0.87
0.98
1.07
0.75
0.71
(11)%
23%
0.97
0.79
23%
Production - Copper cathode
8,500
7,800
9,000
8,300
9,100
9%
(7)%
25,300
27,900
(9)%
Production - Copper in concentrate
90,100
89,600
85,700
78,900
86,600
1%
4%
265,400
289,400
(8)%
Production total
98,600
97,400
94,700
87,200
95,700
1%
3%
290,700
317,300
(8)%
El Soldado mine(9)










Ore mined
951,600
1,915,700
1,060,800
563,900
210,700
(50)%
352%
3,928,100
2,554,500
54%
Ore processed - Sulphide
1,441,800
1,752,100
1,214,000
1,762,700
1,806,600
(18)%
(20)%
4,407,900
5,440,900
(19)%
Ore grade processed - Sulphide (% TCu)
0.90
0.71
0.66
0.55
0.53
27%
70%
0.76
0.59
28%
Production - Copper cathode
0
0
200
400
300
nm
nm
200
800
(75)%
Production - Copper in concentrate
11,000
10,000
5,900
7,000
6,400
10%
72%
26,900
24,200
11%
Production total
11,000
10,000
6,100
7,400
6,700
10%
64%
27,100
25,000
8%
Chagres Smelter(9)










Ore smelted
39,900
36,200
37,100
28,900
33,300
10%
20%
113,200
103,200
10%
Production
38,900
35,300
36,000
28,300
32,300
10%
20%
110,200
100,200
10%
Total copper production for Anglo American Sur
109,600
107,400
100,800
94,600
102,400
2%
7%
317,800
342,300
(7)%
Anglo American Norte










Mantos Blancos mine










Ore processed - Sulphide
718,400
1,043,300
1,073,800
1,059,300
1,156,100
(31)%
(38)%
2,835,500
3,343,100
(15)%
Ore grade processed - Sulphide (% TCu)
0.75
0.79
0.75
0.75
0.68
(5)%
10%
0.76
0.62
23%
Production - Copper cathode
5,000
8,500
6,900
7,300
6,500
(41)%
(23)%
20,400
19,400
5%
Production - Copper in concentrate
4,500
6,800
6,800
6,800
6,500
(34)%
(31)%
18,100
18,900
(4)%
Production total
9,500
15,300
13,700
14,100
13,000
(38)%
(27)%
38,500
38,300
1%
Mantoverde mine










Ore processed - Oxide
1,838,000
2,487,900
2,279,400
2,582,100
2,634,100
(26)%
(30)%
6,605,300
7,730,700
(15)%
Ore processed - Marginal ore 
1,658,000
2,790,000
1,496,800
2,274,500
2,077,300
(41)%
(20)%
5,944,800
6,371,600
(7)%
Ore grade processed - Oxide (% ASCu) 
0.51
0.54
0.51
0.49
0.47
(6)%
8%
0.52
0.48
8%
Ore grade processed - Marginal ore (% ASCu)
0.20
0.21
0.22
0.23
0.23
(3)%
(12)%
0.21
0.23
(9)%
Production - Copper cathode
8,500
12,500
11,300
13,500
13,000
(32)%
(35)%
32,300
38,300
(16)%
Total copper production for Anglo American Norte
18,000
27,800
25,000
27,600
26,000
(35)%
(31)%
70,800
76,600
(8)%
Total Copper segment copper production
226,400
247,300
230,300
241,700
238,600
(8)%
(5)%
704,000
769,800
(9)%
Total Attributable copper production(10)
171,100
184,500
171,800
174,800
176,900
(7)%
(3)%
527,400
573,300
(8)%
Total Attributable payable copper production
165,800
179,000
166,800
169,700
171,700
(7)%
(3)%
511,600
556,200
(8)%
Total Attributable sales volumes
178,400
179,400
164,800
187,400
179,300
(1)%
(1)%
522,600
567,700
(8)%
Total Attributable payable sales volumes
172,900
173,800
160,100
181,700
173,900
(1)%
(1)%
506,800
550,800
(8)%
Nickel (tonnes) unless otherwise stated (11)
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q3 2015
vs.
Q2 2015
Q3 2015
vs.
Q3 2014
YTD
2015
YTD
2014
YTD 2015 vs.
YTD 2014
Barro Alto










Ore mined
1,351,700
903,300
235,300
400,500
1,019,300
50%
33%
2,490,400
2,109,900 
18%
Ore processed
330,700
281,100
294,600
276,000
531,900
18%
(38)%
906,400
1,551,400 
(42)%
Ore grade processed - %Ni
1,79
1,80
1.77
1.86
1.86
(1)%
(4)%
1,79
1.81 
(1)%
Production
4,700
4,100
4,400
4,500
8,300
15%
(43)%
13,100
23,800
(45)%
Codemin










Ore mined
-
8,600
-
-
-
(100)%
-
8,600
6,800 
26%
Ore processed
140,000
145,700
151,400
151,500
154,100
(4)%
(9)%
437,100
442,100
(1)%
Ore grade processed - %Ni
1,70
1.71
1.66
1.66
1.67
0%
2%
1,69
1.67 
1%
Production
2,100
2,200
2,300
2,200
2,400
(5)%
(13)%
6,700
6,700 
0%
Total Nickel segment nickel production
6,800
6,300
6,700
6,700
10,700
8%
(36)%
19,800
30,500
(35)%
Sales volumes
6,400
8,600
7,500
8,400
8,800
(26)%
(27)%
22,500
27,700
(19)%
Niobium (tonnes) unless otherwise stated
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q3 2015
vs.
Q2 2015
Q3 2015
vs.
Q3 2014
YTD
2015
YTD
2014
YTD 2015 vs.
YTD 2014
Niobium










Ore mined
597,300
605,600
291,100
166,300
424,900
(1)%
41%
1,494,000
819,600
82%
Ore processed
578,400
570,400
501,800
377,700
237,900
1%
143%
1,650,600
706,300
134%
Ore grade processed - %Nb
0.93
0.93
0.96
1.05
1.08
0%
(14)%
0.94
1.04
(10)%
Production
1,800
1,600
1,300
1,300
1,200
13%
50%
4,700
3,400
38%
Sales volumes
1,400
1,500
1,300
1,100
1,200
(7)%
17%
4,300
3,500
23%
Phosphates (tonnes) unless otherwise stated
Q3 2015
Q2 2015
Q1 2015
Q2 2014
Q3 2014
Q3 2015
vs.
Q2 2015
Q3 2015
vs.
Q3 2014
YTD
2015
YTD
2014
YTD 2015 vs.
YTD 2014
Phosphates










Concentrate
363,100
303,300
319,300
355,600
362,700
20%
0%
985,700
1,060,100
(7%)
Concentrate grade - %P2O5
36.8
36.9
36.9
36.8
37.3
(0%)
(1%)
36.8
37.1
(1%)
Phosphoric acid
75,600
62,400
63,200
78,600
81,300
21%
(7%)
201,200
216,400
(7%)
Fertiliser
294,400
274,200
238,800
284,900
284,700
7%
3%
807,400
827,600
(2%)
High analysis fertiliser
42,400
56,100
37,500
50,200
60,200
(24%)
(30%)
136,000
134,500
1%
Low analysis fertiliser
252,000
218,100
201,200
234,600
224,500
16%
12%
671,300
693,100
(3%)
Dicalcium phosphate (DCP)
33,700
38,700
36,200
44,800
44,100
(13%)
(24%)
108,600
119,300
(9%)
Fertiliser sales volumes
339,600
317,500
208,500
277,400
311,700
7%
9%
865,600
819,200
6%
Platinum
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q3 2015
vs.
Q2 2015
Q3 2015
vs.
Q3 2014
YTD
2015
YTD
2014
YTD 2015 vs.
YTD 2014
Refined production










Platinum (troy oz)
610,900
560,600
542,400
573,700
460,000
9%
33%
1,713,900
1,315,800
30%
Palladium (troy oz)
390,700
387,700
348,100
357,700
316,400
1%
23%
1,126,500
867,700
30%
Rhodium (troy oz)
77,600
76,900
65,000
71,700
48,400
1%
60%
219,500
157,700
39%
Copper refined (tonnes)(12)
4,200
4,000
3,900
2,600
2,800
5%
50%
12,100
9,900
22%
Copper matte (tonnes)(12)
-
-
300
1,400
1,300
-
nm
300
4,800
(94)%
Nickel refined (tonnes)(12)
6,400
6,000
5,700
4,800
5,200
7%
23%
18,100
15,700
15%
Nickel matte (tonnes)(12)
-
-
400
1,800
 1,800 
-
nm
400
5,900
(93)%
Gold (troy oz)
23,000
30,400
30,100
28,900
14,600
(24)%
58%
83,500
66,700
25%
Produced ounces










Platinum (troy oz)(13)
614,300
580,900
544,100
602,900
541,000
6%
14%
1,739,300
1,267,000
37%
4E built-up head grade (g/tonne milled)(14)
3.27
3.27
3.14
3.19
3.06
-
7%
3.23
2.92
11%
Platinum sales volumes
690,100
635,600
523,900
523,400
546,600
9%
26%
1,849,600
1,591,400
16%
De Beers
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q3 2015
vs.
Q2 2015
Q3 2015
vs.
Q3 2014
YTD
2015
YTD
2014
YTD 2015 vs.
YTD 2014
Carats recovered










100% basis
Orapa
1,959,000
2,792,000
2,610,000
2,732,000
2,651,000
(30)%
(26)%
7,361,000
9,342,000
(21)%
Letlhakane
134,000
111,000
188,000
83,000
157,000
21%
(15)%
433,000
465,000
(7)%
Damtshaa
45,000
60,000
57,000
94,000
83,000
(25)%
(46)%
162,000
209,000
(22)%
Jwaneng
1,936,000
2,950,000
2,777,000
3,080,000
3,333,000
(34)%
(42)%
7,663,000
8,232,000
(7)%
Debswana
4,074,000
5,913,000
5,632,000
5,989,000
6,224,000
(31)%
(35)%
15,619,000
18,248,000
(14)%











Namdeb
148,000
131,000
96,000
121,000
156,000
13%
(5)%
375,000
492,000
(24)%
Debmarine Namibia
318,000
300,000
366,000
375,000
293,000
6%
9%
984,000
898,000
10%
Namdeb Holdings
466,000
431,000
462,000
496,000
449,000
8%
4%
1,359,000
1,390,000
(2)%











Kimberley
192,000
182,000
221,000
202,000
207,000
5%
(7)%
595,000
520,000
14%
Venetia
712,000
763,000
624,000
1,060,000
776,000
(7)%
(8)%
2,099,000
2,141,000
(2)%
Voorspoed
132,000
172,000
216,000
140,000
143,000
(23)%
(8)%
520,000
571,000
(9)%
DBCM
1,036,000
1,117,000
1,061,000
1,402,000
1,126,000
(7)%
(8)%
3,214,000
3,232,000
(1)%











Snap Lake
283,000
352,000
328,000
301,000
253,000
(20)%
12%
963,000
900,000
7%
Victor
153,000
150,000
182,000
178,000
141,000
2%
9%
485,000
469,000
3%
De Beers Canada
436,000
502,000
510,000
479,000
394,000
(13)%
11%
1,448,000
1,369,000
6%
Total carats recovered
6,012,000
7,963,000
7,665,000
8,366,000
8,193,000
(25)%
(27)%
21,640,000
24,239,000
(11)%
Sales volumes (15)










Total sales volume - carats (100%)(Mct)
3.0
5.4
8.6
8.0
7.4
(44)%
(59)%
17.0
26.4
(36)%
Total consolidated sales volume - carats(Mct)
3.0
4.9
8.4
7.5
7.1
(39)%
(58)%
16.3
25.2
(35)%
(1) Saleable production 
(2) Production includes medium carbon ferro-manganese
(3) Within export coking and export PCI coals there are different grades of coal with different weighted average prices compared to benchmark
(4) Includes both hard coking coal and PCI sales volumes
(5) Excludes Anglo American Platinum's copper production
(6) ASCu = acid soluble copper
(7) TCu = total copper
(8) Anglo American's share of Collahuasi production is 44% 
(9) Anglo American ownership interest of Anglo American Sur is 50.1%.Production is stated at 100% as Anglo American consolidates Anglo American Sur 
(10) Difference between total copper production and attributable copper production arises from Anglo American's 44% interest in Collahuasi
(11) Excludes Anglo American Platinum's nickel production
(12) Nickel and copper refined through third parties is now shown as production of nickel matte and copper matte.
(13) In keeping with industry benchmarks, production disclosure has been amended to reflect own mine production and purchases of metal in concentrate. Previous disclosure of own mine production and purchases of metal in concentrate was converted to equivalent refined production using standard smelting and refining recoveries.
(14) 4E: the grade measured as the combined content of the four most valuable precious metals: platinum, palladium, rhodium and gold 
(15) Number of Sights (sales cycles) in each quarter as follows: Q3 2015: 2; Q2 2015: 2; Q1 2015: 3; Q4 2014: 3; Q3 2014: 2
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
South Africa
Pranill Ramchander
Tel: +27 (0)11 638 2592
Shamiela Letsoalo
Tel: +27 (0)11 638 3112
Edward Kite
Tel: +44 (0)20 7968 2178
Caroline Crampton
Tel: + 44 (0)20 7968 2192
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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