REG - Anglo American PLC - Q4 2015 Production Report <Origin Href="QuoteRef">AAL.L</Origin> - Part 1

Anglo AmericanAnnouncement

28/01/2016 07:10

RNS Number : 2301N
Anglo American PLC
28 January 2016
28 January 2016
Anglo American plc
Production Report for the fourth quarter ended 31 December 2015
Overview
Q4 2015
Q4 2014
% vs. Q4 2014
2015
2014
2015 vs. 2014
Iron ore - Kumba (Mt)
10.9
12.4
(12)%
44.9
48.2
(7)%
Iron ore - Minas-Rio (Mt)(1)
3.3
0.7
nm
9.2
0.7
nm
Export metallurgical coal (Mt)
5.5
4.9
11%
21.2
20.9
1%
Export thermal coal (Mt)
7.7
9.7
(21)%
33.8
34.6
(2)%
Copper (t)(2) (3)
181,400
174,800
4%
708,800
748,100
(5)%
Nickel (t)(4)
10,500
6,700
57%
30,300
37,200
(19)%
Platinum (produced ounces) (koz)(5)
598
603
(1)%
2,337
1,870
25%
Diamonds (Mct)(6)
7.1
8.4
(16)%
28.7
32.6
(12)%
  Q4 2015 production increased by 3% (on a copper equivalent basis) compared to both Q4 2014 and Q3 2015.The 2015 full year production increased by 5% (on a copper equivalent basis)(7).
Iron ore production from Kumba decreased by 12% to 10.9 million tonnes as Sishen is being transitioned to a lower cost pit configuration.
Minas-Rio produced 3.3 million tonnes (wet basis) of iron ore, a more than fourfold increase compared to 0.7 million tonnes in Q4 2014, reflecting the ongoing ramp up of the operation.
Export metallurgical coal production increased by 11% to 5.5 million tonnes due to strong operational performances at both Grasstree and Moranbah.
Export thermal coal production decreased by 21% to 7.7 million tonnes due to the impact of strikes in South Africa and weather related production issues at Cerrejn.
Copper production from the retained operations (excluding the AA Norte assets that were sold effective 1 September 2015) increased by 23% to 181,400 tonnes due to higher grades, throughput and metal recoveries. Overall copper production increased by 4%.
Nickel production increased by 57% to 10,500 tonnes following the successful completion of the planned Barro Alto furnace rebuilds.
Niobium production increased by 23% to 1,600 tonnes with the continuing ramp up of the Boa Vista Fresh Rock (BVFR) plant. Fertiliser production increased by 6%.
  Platinum production (expressed as metal in concentrate)(5) was broadly flat at 598,000 ounceswithoperational improvements at own operations, offset by a reduction in purchase of concentrate ounces from third parties.
Diamond production decreased by 16% to 7.1 million carats, reflecting the decision to reduce production in response to trading conditions.
(1) Wet basis; (2) Copper production from the Copper business unit; (3) Copper production shown on a contained metal basis; (4) Nickel production from the Nickel business unit; (5) 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; (6) De Beers production on 100% basis; (7) Copper equivalent production using long-term prices and normalised for the sale of Anglo Norte.
IRON ORE AND MANGANESE
Iron Ore and Manganese 
Q4
2015
Q4
2014
Q4 2015
vs.
Q4 2014
Q3
2015
Q4 2015
vs.
Q3 2015
 2015
2014
2015 vs. 2014
Iron ore - Kumba
000 t
10,935
12,432
(12)%
11,391
(4)%
44,878
48,197
(7)%
Iron ore - Minas-Rio(1)
000 t
3,253
688
nm
2,919
11%
9,174
688
nm
Manganese ore(2)
000 t
596
882
(32)%
923
(35)%
3,112
3,309
(6)%
Manganese alloys(3)
000 t
44
80
(46)%
44
0%
214
286
(25)%
(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 10.9 million tonnes.
Sishen produced 7.7 million tonnes, a decrease of 17%. During 2016, the mine continues to transition to a lower cost pit configuration, which is expected to result in previously disclosed lower production and materially lower waste stripping volumes. The planned mine configuration will have a materially lower cost base.
At Kolomela, efficiency and throughput at the plant continued to improve, partially offset by planned plant maintenance during October, resulting in production of 2.9 million tonnes for the quarter, a 5% increase.
Export sales decreased by 10% to 10.5 million tonnes, due to lower production. Total finished product stocks were 4.7 million tonnes, compared with 6.5 million tonnes at 31 December 2014 as stocks were drawn-down to optimal levels.
Mining ceased at Thabazimbi at the end of September 2015. Material previously mined was processed during the final quarter. Closure procedures have been implemented and all activity at the mine is expected to cease in the middle of 2016.
Iron Ore Brazil - Minas-Rio's ramp up continues, with 3.3 Mt (wet basis) produced in the quarter, 11% higher than in Q3 2015. Each element of the Minas-Rio system has been tested to full capacity, however Q4 production was lower than the revised plan, as a result of ore variability and drought related water availability issues. Following recent rainfall, water availability is now back to normal, whilst the ore variability is expected to be overcome as the mining footprint expands over time.
The production strategy for Minas-Rio is being revised to ensure lower operating costs.
Manganese ore - Manganese ore production decreased by 32%, largely driven by the temporary suspension of operations at the Wessels and Mamatwan mines following a fatal incident on 2 November 2015. Ore production at the GEMCO operation in Australia decreased by 5%.
Manganese alloy - Manganese alloy production decreased by 46% following the suspension of three of four furnaces at Metalloys in South Africa, due to market conditions.
COAL
Coal 
Q4
2015
Q4
2014
Q4 2015
vs.
Q4 2014
Q3
2015
Q4 2015
vs.
Q3 2015
 2015
2014
2015 vs. 2014
Australia & Canada
Metallurgical - Export
000 t
5,484
4,932
11%
5,476
-
21,208
20,906
1%
Thermal - Export
000 t
1,154
1,872
(38)%
1,366
(16)%
5,281
5,174
2%
Thermal - Domestic 
000 t
1,979
1,966
-
1,800
10%
7,052
7,115
(1)%
South Africa
Thermal - Export 
000 t
3,878
4,783
(19)%
4,887
(21)%
17,404
18,213
(4)%
Thermal - Domestic (Eskom)
000 t
5,534
7,435
(26)%
6,763
(18)%
26,021
30,989
(16)%
Thermal - Domestic (Non-Eskom)
000 t
1,822
1,761
3%
1,730
5%
6,844
6,595
4%
Colombia
Thermal - Export
000 t
2,628
3,002
(12)%
2,527
4%
11,074
11,227
(1)%
Australiaand Canada - Export metallurgical coal production increased by 11% to 5.5 million tonnes due to strong operational performances at Grasstree and Moranbah, as well as the delivery of development coal from Grosvenor. This more than offset the effect of Peace River Coal being placed on care and maintenance in December 2014 (Q4 2014 production of 0.2 million tonnes).
Australian export thermal coal production decreased by 38% to 1.2 million tonnes due to expected lower production from Drayton as the mine nears the end of its life. In addition, a favourable mix at Dawson led to an increase in higher value metallurgical coal production.
On 20 January 2016 the agreement to sell the Callide thermal coal mine to Batchfire Resources was announced and remains subject to a number of conditions.
South Africa - Export thermal coal production reduced by 19% to 3.9 million tonnes driven by strikes (which had a 0.6 million tonnes impact), the planned closure of a section at Goedehoop and the transition to new reserves at Mafube. 
Eskom production decreased by 26% to 5.5 million tonnes predominantly due to reduced demand from Eskom, as well as safety stoppages impacting the New Denmark mine in November.
Colombia - Cerrejn's production decreased by 12% to 2.6 million tonnes, due to the impact of severe dry weather and the suspension of operations due to dust emission levels, which had an impact on production of ~1 million tonnes in the year.
COPPER
Copper 
Q4
2015
Q4
2014
Q4 2015
vs.
Q4 2014
Q3
2015
Q4 2015
vs.
Q3 2015
 2015
2014
2015 vs. 2014
Copper(1)
t
181,400
174,800
4%
171,100
6%
708,800
748,100
(5)%
Copper retained operations(2)
t
181,400
147,200
23%
153,100
18%
638,000
643,900
(1)%
(1) Copper production shown on a contained metal basis
(2) Anglo American Norte excluded for all periods
Copper - Copper production increased by 4% to 181,400 tonnes, despite the sale of the AA Norte assets, effective from 1 September 2015. Production from the retained operations increased by 23%.
Production from Los Bronces increased by 27% to 111,000 tonnes, driven by higher throughput, grades and recoveries. High levels of precipitation during the latter part of Q3 and into Q4 meant that throughput restrictions related to water availability were removed, contributing to the improved performance in the quarter.
At Collahuasi, attributable production increased by 17% to 61,500 tonnes primarily due to higher grades. The previously reported vibration and structural issues on the two smaller SAG lines were successfully resolved with a step-change in plant operating times in the fourth quarter, resulting in a 41% increase in production compared to Q3 2015.
El Soldado production increased by 20% to 8,900 tonnes due to higher grades.
At the end of 2015, Anglo American had 197,631 tonnes of copper provisionally priced at 214 c/lb, bringing the realised copper price for the full year to 228c/lb. The final price of these sales will be determined in the 2016 financial year.
NICKEL
Nickel
Q4
2015
Q4
2014
Q4 2015
vs.
Q4 2014
Q3
2015
Q4 2015
vs.
Q3 2015
 2015
2014
2015 vs. 2014
Nickel
t
10,500
6,700
57%
6,800
54%
30,300
37,200
(19)%
Nickel - Nickel production increased by 57% to 10,500 tonnes, following the successful rebuild of the Barro Alto furnaces which are now producing at nameplate capacity. Production from Codemin increased by 9% to 2,400 tonnes due to higher ore grade.
NIOBIUM 
Niobium
Q4
2015
Q4
2014
Q4 2015
vs.
Q4 2014
Q3
2015
Q4 2015
vs.
Q3 2015
 2015
2014
2015 vs. 2014
Niobium
t
1,600
1,300
23%
1,800
(11)%
6,300
4,700
34%
Niobium - Niobium production increased by 23% to 1,600 tonnes reflecting the ongoing ramp up of the BVFR plant. Production is expected to increase to 6,800 tonnes per year once the BVFR plant reaches nameplate capacity in Q3 2016. This, when combined with certain metallurgical debottlenecking activities (currently being implemented), will take the total annual capacity to 9,000 tonnes.
PHOSPHATES
Phosphates 
Q4
2015
Q4
2014
Q4 2015
vs.
Q4 2014
Q3
2015
Q4 2015
vs.
Q3 2015
 2015
2014
2015 vs. 2014
Phosphates
Concentrate
t
355,700
355,600
0%
363,100
(2)%
1,341,400
1,415,700
(5)%
Phosphoric Acid
t
63,900
78,600
(19)%
75,600
(15)%
265,100
295,000
(10)%
Fertiliser
t
303,400
284,900
6%
294,400
3%
1,110,800
1,112,500
(0)%
Dicalcium phosphate (DCP)
t
38,700
44,800
(14)%
33,700
15%
147,300
164,100
(10)%
Phosphates - Concentrate production was unchanged. Phosphoric acid production decreased by 19% mainly due to maintenance activities. Fertiliser production increased 6% as a result of good performance at the granulation plant. DCP production decreased by 14% as priority was given to phosphoric acid sales.
PLATINUM
Platinum
Q4
2015
Q4
2014
Q4 2015
vs.
Q4 2014
Q3
2015
Q4 2015
vs.
Q3 2015
 2015
2014
2015 vs. 2014
Refined
Platinum
000 oz
745
574
30%
611
22%
2,459
1,890
30%
Palladium
000 oz
468
358
31%
391
20%
1,595
1,225
30%
Rhodium
000 oz
86
72
20%
78
10%
305
229
33%
Copper - Refined
t
4,700
2,600
81%
4,200
12%
16,800
12,500
34%
Copper - Matte(1)
t
-
1,400
(100)%
-
0%
300
6,200
(95)%
Nickel - Refined
t
7,300
4,800
52%
6,400
14%
25,400
20,500
24%
Nickel - Matte(1)
t
-
1,800
(100)%
-
0%
400
7,700
(95)%
Gold
000 oz
30
29
2%
23
28%
113
96
18%
Produced ounces(2)
Platinum
000 oz
598
603
(1)%
614
(3)%
2,337
1,870
25%
(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 was broadly flat at 598,000 ounces, compared to 603,000 ounces in Q4 2014, with operational improvements at own operations offset by a reduction in purchase of concentrate ounces from third parties.
Platinum production from own mines and tailings retreatment increased to 398,000 ounces from 389,000 ounces due to higher production from Amandelbult and Unki, partially offset by lower production at Union and Rustenburg. 
Whilst Mogalakwena production was largely flat at 98,000 ounces, Amandelbult increased by 14% to 121,000 ounces due to improved mining efficiencies, increased concentrator recoveries and the start-up of opencast mining. Production from Unki also increased by 19% to 19,000 ounces due to improved mining efficiencies and plant performance. 
Rustenburg (including Western Limb Tailings Retreatment) platinum production decreased by 4,000 ounces to 118,000 ounces due to lower grade and safety related stoppages. Production from Union decreased by 5,000 ounces to 38,000 ounces, mainly due to the closure of the decline section during Q4 2014. 
Independently managed production (mined and purchased) excluding third party purchase of concentrate, was broadly unchanged at 199,000 ounces.
Refined platinum production increased by 30% to 745,000 ounces, following a return to normal production after the industrial action and subsequent ramp up in Q4 2014. Refined palladium and rhodium increased for similar reasons. The mix of metals returned to normal compositions as all mines produced at normal rates.
DIAMONDS
Diamonds
(100% basis)
Q4
2015
Q4
2014
Q4 2015
vs.
Q4 2014
Q3
2015
Q4 2015
vs.
Q3 2015
 2015
2014
2015 vs. 2014
Diamonds
000 carats
7,052
8,366
(16)%
6,012
17%
28,692
32,605
(12)%
De Beers - Diamond production decreased by 16% to 7.1 million carats, reflecting the decision to reduce production in response to trading conditions.
At Debswana (Botswana), production decreased by 21% to 4.7 million carats as a result of a reduction in tonnes treated at Jwaneng and Orapa, consistent with the decision to reduce production in line with trading conditions. Damtshaa (a satellite operation of Orapa Mine) was placed on care and maintenance from 1 January 2016.
Production at DBCM (South Africa) increased marginally to 1.5 million carats. Venetia's production declined, driven by a reduction in tonnes treated, consistent with the decision to reduce production in line with trading conditions. Voorspoed and Kimberley both increased production, although this represents a small proportion of overall production.
On 21 January 2016, the completion of the sale of Kimberley mines to Ekapa Minerals was announced.
Production at Namdeb Holdings (Namibia) decreased by 18% to 0.4 million carats due to mining being focused on lower grade areas, consistent with the decision to reduce production in line with trading conditions.
Production in Canada decreased by 8% to 0.4 million carats, due to marginally reduced activity at Victor and lower grade at Snap Lake. In December 2015, De Beers announced that Snap Lake would be placed on care and maintenance with immediate effect.
Quarterly production increased by 17% compared with Q3 2015, due to improved grade at Orapa and as a result of an annual planned six-day plant shutdown at Venetia in Q3.
Rough diamond sales volumes in the quarter were 3.6 million carats (from 3 sights), compared with 3.0 million carats in Q3 (from 2 sights). This reflected the weaker trading conditions and higher pipeline stocks that impacted the midstream.
For the full year, volumes decreased by 39% to 19.9 million carats (20.6 million carats on a 100% basis including all sales by joint ventures).
The De Beers rough price index was on average 8% lower in 2015 than in 2014, with the index falling by 15% over the course of the year. However, the average realised price at $207 per carat was 5% higher than in 2014 due to a higher quality average product mix.
EXPLORATION AND EVALUATION
Exploration and Evaluation expenditure totalled $85 million, a decrease of 23%. Exploration expenditure for the quarter was $51 million, a decrease of 16%. Evaluation expenditure for the quarter was $34 million, a decrease of 31%.
NOTE
This Production Report for the fourth quarter ended 31 December 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)
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q4 2015
vs.
Q3 2015
Q4 2015
vs.
Q4 2014
2015
2014
2015 vs.
2014
Kumba Iron Ore
Lump
7,029,100
7,322,300
6,761,800
7,889,900
8,048,000
(4)%
(13)%
29,003,100
31,268,800
(7)%
Fines
3,906,100
4,068,600
3,622,900
4,277,500
4,383,600
(4)%
(11)%
15,875,100
16,927,700
(6)%
Total Kumba production
10,935,200
11,390,900
10,384,700
12,167,400
12,431,600
(4)%
(12)%
44,878,200
48,196,500
(7)%
Sishen
7,661,300
7,669,800
7,176,200
8,885,500
9,286,300
0%
(17)%
31,392,800
35,540,600
(12)%
Kolomela
2,853,800
3,347,800
2,880,300
2,972,500
2,727,800
(15)%
5%
12,054,400
11,568,100
4%
Thabazimbi
420,100
373,300
328,200
309,400
417,500
13%
1%
1,431,000
1,087,800
32%
Total Kumba production
10,935,200
11,390,900
10,384,700
12,167,400
12,431,600
(4)%
(12)%
44,878,200
48,196,500
(7)%
Kumba sales volumes
RSA export iron ore
10,509,300
9,846,500
11,732,600
11,471,600
11,699,000
7%
(10)%
43,560,000
40,467,700
8%
RSA domestic iron ore
533,500
960,700
1,348,000
1,434,600
901,800
(44)%
(41)%
4,276,800
4,819,800
(11)%
Minas-Rio
Pellet feed (wet basis)
3,252,500
2,918,800
1,826,200
1,176,700
687,700
11%
373%
9,174,200
687,700
nm
Minas-Rio sales volumes
Export - pellet feed (wet basis)
3,035,000
2,793,900
1,344,400
1,294,300
239,600
9%
nm
8,467,600
239,600
nm
Samancor
Manganese ore(1)
596,000
923,200
805,700
786,700
882,100
(35)%
(32)%
3,111,600
3,308,600
(6)%
Manganese alloys(1)(2)
43,500
43,700
53,600
72,800
80,400
0%
(46)%
213,600
286,100
(25)%
Samancor sales volumes
Manganese ore
720,200
813,900
720,700
829,900
841,100
(12)%
(14)%
3,084,700
3,382,100
(9)%
Manganese alloys
42,000
42,400
55,300
63,600
72,800 
(1)%
(42)%
203,300
294,800
(31)%
Coal (tonnes)
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q4 2015
vs.
Q3 2015
Q4 2015
vs.
Q4 2014
2015
2014
2015 vs.
2014
Australia
Metallurgical - Export Coking
4,302,100
4,115,000
3,743,800
3,746,900
3,364,400
5%
28%
15,907,900
13,442,300
18%
Metallurgical - Export PCI
1,182,200
1,360,500
1,508,800
1,248,800
1,395,800
(13)%
(15)%
5,300,300
5,990,800
(12)%
5,484,300
5,475,500
5,252,600
4,995,700
4,760,200
0%
15%
21,208,200
19,433,100
9%
Thermal - Export
1,154,300
1,366,400
1,326,600
1,433,200
1,871,600
(16)%
(38)%
5,280,500
5,173,900
2%
Thermal - Domestic
1,978,800
1,800,500
1,622,400
1,649,900
1,966,300
10%
1%
7,051,600
7,114,600
(1)%
3,133,100
3,166,900
2,949,000
3,083,100
3,837,900
(1)%
(18)%
12,332,100
12,288,500
0%
Canada
Metallurgical - Export Coking
-
-
-
-
160,200
nm
nm
-
1,393,600
nm
Metallurgical - Export PCI
-
-
-
-
11,200
nm
nm
-
79,000
nm
-
-
-
-
171,400
nm
nm
-
1,472,600
nm
South Africa
Thermal - Export
3,878,000
4,887,200
 4,296,700 
4,341,700 
4,782,800
(21)%
(19)%
17,403,600
18,213,100
(4)%
Thermal - Domestic (Eskom)
5,533,500
6,763,000
 6,774,000 
6,950,700 
7,434,600
(18)%
(26)%
26,021,200
30,988,500
(16)%
Thermal - Domestic 
(Non-Eskom)
1,821,500
1,730,400
 1,590,000 
 1,702,000 
1,761,400
5%
3%
6,843,900
6,594,900
4%
11,233,000
13,380,600
12,660,700 
12,994,400 
13,978,800
(16)%
(20)%
50,268,700
55,796,500
(10)%
Colombia
Thermal - Export
2,628,100
2,526,800
2,944,400
2,975,000
3,002,300
4%
(12)%
11,074,300
11,227,000
(1)%
Total Metallurgical coal production
5,484,300
5,475,500
5,252,600
4,995,700
4,931,600
-
11%
21,208,200
20,905,700
1%
Total Export Thermal coal production
7,660,400
8,780,400
8,567,700
8,749,900
9,656,700
(13)%
(21)%
33,758,400
34,614,000
(2)%
Total Domestic Thermal coal production
9,333,800
10,293,900
9,986,400
10,302,600
11,162,300
(9)%
(16)%
39,916,700
44,698,000
(11)%
Total Coal production
22,478,500
24,549,800
23,806,700
24,048,200
25,750,600
(8)%
(13)%
94,883,300
100,217,700
(5)%
Sales volumes (own mined)
Australia and Canada
Metallurgical - Export(4)
5,396,000
5,480,900
5,103,100
5,113,400
5,025,600
(2)%
7%
21,093,400
20,568,200
3%
Thermal - Export
1,341,700
1,638,600
1,505,800
1,418,200
2,345,400
(18)%
(43)%
5,904,200
5,966,200
(1)%
Thermal - Domestic
1,915,800
1,871,900
1,670,500
1,591,000
1,989,400
2%
(4)%
7,049,300
7,293,100
(3)%
South Africa
Thermal - Export
5,188,700
4,568,600
4,967,400
5,195,200 
5,139,300
14%
1%
19,919,800
17,572,800
13%
Thermal - Domestic
6,763,300
7,977,783
8,203,900
8,746,600
8,770,400
(15)%
(23)%
31,691,600
37,217,300
(15)%
Colombia
 Thermal - Export
2,565,100
2,853,400
2,765,700
3,005,100
2,732,000
(10)%
(6)%
11,189,300
11,314,000 
(1)%
Coal by mine (tonnes)
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q4 2015
vs.
Q3 2015
Q4 2015
vs.
Q4 2014
2015
2014
2015 vs.
2014
Australia
Callide
2,295,200
1,988,900
1,789,300
1,857,000
2,164,700
15%
6%
7,930,400
7,557,000
5%
Capcoal 
(incl. Grasstree)
2,283,800
2,353,300
1,793,500
2,259,100
2,074,300
(3)%
10%
8,689,700
7,642,800
14%
Dawson
1,025,800
1,249,400
1,375,500
663,800
1,074,800
(18)%
(5)%
4,314,500
4,240,200
2%
Drayton
351,300
600,400
462,800
707,500
920,200
(41)%
(62)%
2,122,000
3,104,800
(32)%
Foxleigh
376,300
494,800
511,200
478,300
579,200
(24)%
(35)%
1,860,600
2,034,500
(9)%
Grosvenor
179,100
147,300
121,800
51,600
-
22%
0%
499,800
-
100%
Jellinbah
872,700
798,400
766,400
763,900
757,100
9%
15%
3,201,500
2,923,700
10%
Moranbah North
1,233,200
1,009,900
1,381,100
1,297,600
1,027,800
22%
20%
4,921,800
4,218,600
17%
8,617,400
8,642,400
8,201,600
8,078,800
8,598,100
0%
0%
33,540,300
31,721,600
6%
Canada
Peace River Coal
-
-
-
-
171,400
-
nm
-
1,472,600
nm
-
-
-
-
171,400
-
nm
-
1,472,600
nm
South Africa
Goedehoop
896,000
1,151,200
 1,106,100 
1,133,800
1,245,800
(22)%
(28)%
4,287,200
4,771,600
(10)%
Greenside
897,200
1,059,600 
 992,300 
927,500
1,010,700
(15)%
(11)%
3,876,600
3,624,100
7%
Zibulo
1,306,400
1,592,500 
 1,385,000 
1,281,100
1,367,900
(18)%
(4)%
5,565,000
5,053,800
10%
Kleinkopje
824,900
895,200 
 572,000 
860,300
950,200
(8)%
(13)%
3,152,300
3,911,800
(19)%
Landau
1,079,200
1,144,600 
 1,065,000 
979,900
1,208,800
(6)%
(11)%
4,268,700
4,178,400
2%
Mafube
366,500
370,100 
 344,500 
361,500
414,700
(1)%
(12)%
1,442,500
1,675,400
(14)%
New Vaal
2,811,500
3,576,700 
 4,211,200 
3,548,600
3,701,400
(21)%
(24)%
14,148,100
16,672,800
(15)%
New Denmark
643,000
881,600 
 441,100 
872,600
1,312,400
(27)%
(51)%
2,838,300
3,767,900
(25)%
Kriel
1,185,900
1,613,000 
 1,546,000 
1,813,300
1,462,400
(26)%
(19)%
6,158,200
6,878,100
(10)%
Isibonelo
1,222,400
1,096,100 
 997,500 
1,215,800
1,304,500
12%
(6)%
4,531,800
5,262,600
(14)%
11,233,000
13,380,600 
12,660,700
12,994,400
13,978,800
(16)%
(20)%
50,268,700
55,796,500
(10)%
Colombia
Carbones del Cerrejn
2,628,100
2,526,800
2,944,400
2,975,000
3,002,300
4%
(12)%
11,074,300
11,227,000
(1)%
Total Coal production
22,478,500
24,549,800
23,806,700
24,048,200
25,750,600
(8)%
(13)%
94,883,300
100,217,700
(5)%
Copper (tonnes) on a contained metal basis unless stated otherwise(5)
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q4 2015
vs.
Q3 2015
Q4 2015
vs.
Q4 2014
2015
2014
2015 vs.
2014
Collahuasi 100% basis (Anglo American share 44%)
Ore mined
22,468,800
18,879,300
20,130,700
18,094,700
15,594,200
19%
44%
79,573,500
65,845,300
21%
Ore processed - Oxide
-
1,484,900
1,835,700
1,333,300
1,552,300
(100)%
(100)%
4,653,900
6,657,500
(30)%
Ore processed - Sulphide
12,801,300
9,464,800
10,464,200
11,060,300
11,991,600
35%
7%
43,790,600
48,936,100
(11)%
Ore grade processed - Oxide 
(% ASCu)(6)
-
0.63
0.60
0.69
0.68
(100)%
(100)%
0.63
0.72
(12)%
Ore grade processed - Sulphide (% TCu)(7)
1.25
1.09
1.15
1.08
1.1
14%
14%
1.15
1.08
6%
Production - Copper cathode
3,100
6,000
6,600
6,500
9,100
(48)%
(66)%
22,200
25,000
(11)%
Production - Copper in concentrate
136,800
92,800
105,500
98,000
110,400
47%
24%
433,100
445,400
(3)%
Total copper production for Collahuasi
139,900
98,800
112,100
104,500
119,500
42%
17%
455,300
470,400
(3)%
Anglo American's share of copper production for Collahuasi(8)
61,500
43,500
49,300
46,000
52,600
41%
17%
200,300
207,000
(3)%
Anglo American Sur 
Los Bronces mine(9)
Ore mined
13,252,200
10,112,600
13,345,700
13,548,000
15,655,600
31%
(15)%
50,258,500
57,666,200
(13)%
Marginal ore mined
11,673,100
7,733,600
10,929,100
8,916,800
8,993,400
51%
30%
39,252,600
26,236,100
50%
Ore processed - Sulphide
14,115,200
11,584,300
10,447,300
9,250,100
12,739,000
22%
11%
45,396,900
54,147,700
(16)%
Ore grade processed - Sulphide (% TCu)
0.83
0.87
0.98
1.07
0.75
(5)%
10%
0.92
0.78
18%
Production - Copper cathode
9,700
8,500
7,800
9,000
8,300
14%
17%
35,000
36,200
(3)%
Production - Copper in concentrate
101,300
90,100
89,600
85,700
78,900
12%
28%
366,700
368,300
(0)%
Production total
111,000
98,600
97,400
94,700
87,200
13%
27%
401,700
404,500
(1)%
El Soldado mine(9)
Ore mined
1,280,000
951,600
1,915,700
1,060,800
563,900
35%
127%
5,208,100
3,118,400
67%
Ore processed - Sulphide
1,557,500
1,441,800
1,752,100
1,214,000
1,762,700
8%
(12)%
5,965,400
7,203,600
(17)%
Ore grade processed - Sulphide (% TCu)
0.79
0.90
0.71
0.66
0.55
(12)%
44%
0.77
0.58
31%
Production - Copper cathode
-
-
-
200
400
-
(100)%
200
1200
(83)%
Production - Copper in concentrate
8,900
11,000
10,000
5,900
7,000
(19)%
27%
35,800
31,200
15%
Production total
8,900
11,000
10,000
6,100
7,400
(19)%
20%
36,000
32,400
11%
Chagres Smelter(9)
Ore smelted
35,900
39,900
36,200
37,100
28,900
(10)%
24%
149,100
132,100
13%
Production
34,900
38,900
35,300
36,000
28,300
(10)%
23%
145,100
128,500
13%
Total copper production for Anglo American Sur
119,900
109,600
107,400
100,800
94,600
9%
27%
437,700
436,900
0%
Anglo American Norte
Mantos Blancos mine
Ore processed - Sulphide
-
718,400
1,043,300
1,073,800
1,059,300
(100)%
(100)%
2,835,500
4,402,400
(36)%
Ore grade processed - Sulphide (% TCu)
-
0.75
0.79
0.75
0.75
(100)%
(100)%
0.76
0.69
10%
Production - Copper cathode
-
5,000
8,500
6,900
7,300
(100)%
(100)%
20,400
26,700
(24)%
Production - Copper in concentrate
-
4,500
6,800
6,800
6,800
(100)%
(100)%
18,100
25,700
(30)%
Production total
-
9,500
15,300
13,700
14,100
(100)%
(100)%
38,500
52,400
(27)%
Mantoverde mine
Ore processed - Oxide
-
1,838,000
2,487,900
2,279,400
2,582,100
(100)%
(100)%
6,605,300
10,312,800
(36)%
Ore processed - Marginal ore 
-
1,658,000
2,790,000
1,496,800
2,274,500
(100)%
(100)%
5,944,800
8,646,100
(31)%
Ore grade processed - Oxide (% ASCu) 
-
0.51
0.54
0.51
0.49
(100)%
(100)%
0.52
0.48
7%
Ore grade processed - Marginal ore (% ASCu)
-
0.20
0.21
0.22
0.23
(100)%
(100)%
0.21
0.23
(9)%
Production - Copper cathode
-
8,500
12,500
11,300
13,500
(100)%
(100)%
32,300
51,800
(38)%
Total copper production for Anglo American Norte
-
18,000
27,800
25,000
27,600
(100)%
(100)%
70,800
104,200
(32)%
Total Copper segment copper production
259,800
226,400
247,300
230,300
241,700
15%
7%
963,800
1,011,500
(5)%
Total Attributable copper production(10)
181,400
171,100
184,500
171,800
174,800
6%
4%
708,800
748,100
(5)%
Total Attributable payable copper production
175,300
165,800
179,000
166,800
169,700
6%
3%
686,900
725,862
(5)%
Total Attributable sales volumes
183,000
178,400
179,400
164,800
187,400
3%
(2)%
705,600
755,100
(7)%
Total Attributable payable sales volumes
176,700
172,900
173,800
160,100
181,700
2%
(3)%
683,500
732,639
(7)%
Third party sales - Mantos Copper(11)
41,400
-
-
-
-
nm
nm
41,400
-
nm
Nickel (tonnes)
unless stated otherwise(12)
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q4 2015
vs.
Q3 2015
Q4 2015
vs.
Q4 2014
2015
2014
2015 vs.
2014
Barro Alto
Ore mined
453,200
1,351,700
903,300
235,300
400,500
(66)%
13%
2,943,600
2,510,400 
17%
Ore processed
566,400
330,700
281,100
294,600
276,000
71%
105%
1,472,800
1,827,400 
(19)%
Ore grade processed - %Ni
1.77
1.79
1.80
1.77
1.86
(1)%
(5)%
1.78
1.81
(2)%
Production
8,100
4,700
4,100
4,400
4,500
72%
80%
21,300
28,300 
(25)%
Codemin
Ore mined
-
-
8,600
-
-
-
-
8,600
6,800 
26%
Ore processed
 154,000
140,000
145,700
151,400
151,500
10%
2%
591,100
593,600 
(0)%
Ore grade processed - %Ni
1.69
1.70
1.71
1.66
1.66
(1)%
2%
1.69
1.67
1%
Production
2,400
2,100
2,200
2,300
2,200
14%
9%
9,000
8,900 
1%
Total Nickel segment nickel production
10,500
6,800
6,300
6,700
6,700
54%
57%
30,300
37,200 
(19)%
Sales volumes
9,500
6,400
8,600
7,500
8,400
48%
13%
32,000
36,100 
(11)%
Niobium
(tonnes) unless stated otherwise
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q4 2015
vs.
Q3 2015
Q4 2015
vs.
Q4 2014
2015
2014
2015 vs.
2014
Niobium
Ore mined
637,700
597,300
605,600
291,100
166,300
7%
283%
2,131,700
985,900
116%
Ore processed
580,700
578,400
570,400
501,800
377,700
0%
54%
2,231,300
1,084,000
106%
Ore grade processed - %Nb
1.00
0.93
0.93
0.96
1.05
8%
(5)%
0.96
1.04
(8)%
Production
1,600
1,800
1,600
1,300
1,300
(11)%
23%
6,300
4,700
34%
Sales volumes
800
1,400
1,500
1,300
1,100
(43)%
(27)%
5,100
4,600
11%
Phosphates 
(tonnes) unless stated otherwise
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q4 2015
vs.
Q3 2015
Q4 2015
vs.
Q4 2014
2015
2014
2015 vs.
2014
Phosphates
Concentrate
355,700
363,100
303,300
319,300
355,600
(2)%
0%
1,341,400
1,415,700
(5)%
Concentrate grade - %P2O5
36.7
36.8
36.9
36.9
36.8
(0)%
(0)%
36.8
37.0
(1)%
Phosphoric acid
63,900
75,600
62,400
63,200
78,600
(15)%
(19)%
265,100
295,000
(10)%
Fertiliser
303,400
294,400
274,200
238,800
284,900
3%
6%
1,110,800
1,112,500
(0)%
High analysis fertiliser
36,700
42,400
56,100
37,500
50,200
(13)%
(27)%
172,700
184,700
(6)%
Low analysis fertiliser
266,700
252,000
218,100
201,200
234,600
6%
14%
938,100
927,700
1%
Dicalcium phosphate (DCP)
38,700
33,700
38,700
36,200
44,800
15%
(14)%
147,300
164,100
(10)%
Fertiliser sales volumes
194,400
339,600
317,500
208,500
277,400
(43)%
(30)%
1,060,100
1,096,600
(3)%
Platinum
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q4 2015
vs.
Q3 2015
Q4 2015
vs.
Q4 2014
2015
2014
2015 vs.
2014
Refined production
Platinum (troy oz)
744,900
610,900
560,600
542,400
573,700
22%
30%
2,458,800
1,889,500
30%
Palladium (troy oz)
468,400
390,700
387,700
348,100
357,700
20%
31%
1,594,900
1,225,400
30%
Rhodium (troy oz)
85,700
77,600
76,900
65,000
71,700
10%
20%
305,200
229,400
33%
Copper refined (tonnes)(13)
4,700
4,200
4,000
3,900
2,600
12%
81%
16,800
12,500
34%
Copper matte (tonnes)(13)
-
-
-
300
1,400
0%
(100)%
300
6,200
(95)%
Nickel refined (tonnes)(13)
7,300
6,400
6,000
5,700
4,800
14%
52%
25,400
20,500
24%
Nickel matte (tonnes)(13)
-
-
-
400
1,800
0%
(100)%
400
7,700
(95)%
Gold (troy oz)
29,500
23,000
30,400
30,100
28,900
28%
2%
113,000
95,600
18%
Produced ounces
Platinum (troy oz)
598,000
614,300
580,900
544,100
602,900
(3)%
(1)%
2,337,300
1,869,900
25%
4E built-up head grade (g/tonne milled)(13)
3.24
3.27
3.27
3.14
3.19
(1)%
2%
3.23
3.00
8%
Platinum sales volumes
621,800
690,100
635,600
523,900
523,400
(10)%
19%
2,471,400
2,114,800
17%
De Beers
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q4 2015
vs.
Q3 2015
Q4 2015
vs.
Q4 2014
2015
2014
2015 vs.
2014
Carats recovered
100% basis
Orapa
2,516,000
1,959,000
2,792,000
2,610,000
2,732,000
28%
(8)%
9,877,000
12,074,000
(18)%
Letlhakane
73,000
134,000
111,000
188,000
83,000
(46)%
(12)%
506,000
548,000
(8)%
Damtshaa
59,000
45,000
60,000
57,000
94,000
31%
(37)%
221,000
303,000
(27)%
Jwaneng
2,101,000
1,936,000
2,950,000
2,777,000
3,080,000
9%
(32)%
9,764,000
11,312,000
(14)%
Debswana
4,749,000
4,074,000
5,913,000
5,632,000
5,989,000
17%
(21)%
20,368,000
24,237,000
(16)%
Namdeb
119,000
148,000
131,000
96,000
121,000
(20)%
(2)%
494,000
613,000
(19)%
Debmarine Namibia
286,000
318,000
300,000
366,000
375,000
(10)%
(24)%
1,270,000
1,273,000
(0)%
Namdeb Holdings
405,000
466,000
431,000
462,000
496,000
(13)%
(18)%
1,764,000
1,886,000
(6)%
Kimberley
242,000
192,000
182,000
221,000
202,000
26%
20%
837,000
722,000
16%
Venetia
1,033,000
712,000
763,000
624,000
1,060,000
45%
(3)%
3,132,000
3,201,000
(2)%
Voorspoed
184,000
132,000
172,000
216,000
140,000
39%
31%
704,000
711,000
(1)%
DBCM
1,459,000
1,036,000
1,117,000
1,061,000
1,402,000
41%
4%
4,673,000
4,634,000
1%
Snap Lake
280,000
283,000
352,000
328,000
301,000
(1)%
(7)%
1,243,000
1,201,000
3%
Victor
159,000
153,000
150,000
182,000
178,000
4%
(11)%
644,000
647,000
(0)%
De Beers Canada
439,000
436,000
502,000
510,000
479,000
1%
(8)%
1,887,000
1,848,000
2%
Total carats recovered
7,052,000
6,012,000
7,963,000
7,665,000
8,366,000
17%
(16)%
28,692,000
32,605,000
(12)%
Sales volumes (15)
Total sales volume - carats (100%)(Mct)
3.6
3.0
5.4
8.6
8.0
20%
(55)%
20.6
34.4
(40)%
Total consolidated sales volume - carats(Mct)
3.6
3.0
4.9
8.4
7.5
20%
(52)%
19.9
32.7
(39)%
(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) Relates to sales made on behalf of Mantos Copper (previously Mantos Blancos and Mantoverde mines)
(12) Excludes Anglo American Platinum's nickel production
(13) Nickel and copper refined through third parties is now shown as production of nickel matte and copper matte.
(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: Q4 2015: 3; Q3 2015: 2; Q2 2015: 2; Q1 2015: 3; Q4 2014: 3
ACHIEVED PRICES SUMMARY
Average achieved prices
FY 2015
FY 2014
H2 2015
H1 2015
FY 2015
vs.
FY 2014
H2 2015
vs.
H1 2015
Iron Ore - FOB prices
Kumba Export (US$/dmt)
54
91
46
61
(41)%
(25)%
Minas-Rio (US$/wmt)
41
57
37
50
(28)%
(26)%
Coal
Australia and Canada
Metallurgical - Export (U$/t) 
90
111
81
100
(19)%
(19)%
Thermal - Export (U$/t)
55
72
50
61
(24)%
(18)%
Thermal - Domestic (U$/t, FOR)
28
35
28
29
(20)%
(3)%
South Africa
Thermal - Export (U$/t)
55
70 
51
60
(21)%
(15)%
Thermal - Domestic (U$/t, FOR)
19
 19 
20
18
(2)%
12%
Colombia
Thermal - Export (U$/t)
55
67
52
58
(17)%
(10)%
Copper (USc/lb)
228
300
203
253
(24)%
(20)%
Nickel (USc/lb)
498
731
415
578
(32)%
(28)%
PGMs 
Platinum (US$/oz)
1,051
1,386
955
1,160 
(24)%
(18)%
Palladium (US$/oz)
703
803
631
779 
(12)%
(19)%
Rhodium (US$/oz)
958
1,147
786
1,133 
(16)%
(31)%
Basket price (US$/oz)
1,905
2,413
1,682
2,157 
(21)%
(22)%
Basket price (ZAR/oz)
24,203
26,219
22,837
25,748
(8)%
(11)%
De Beers 
Total sales volume - carats (100%) (Mct)
20.6
34.4
6.6
14.0
(40)%
(53)%
Total consolidated sales volume - carats (Mct) 
19.9
32.7
6.6
13.3
(39)%
(50)%
Consolidated average realised price ($/Ct)
207
198
209
206
5%
1%
De Beers price index (1)
135
147
127
139
(8)%
(9)%
(1) Average of the De Beers price index for the Sights within the twelve month period. De Beers price index relative to 100 as at December 2006
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
Marcelo Esquivel
Tel: +44 (0)20 7968 8891
UK
Paul Galloway
Tel: +44 (0)20 7968 8718
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
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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