Anglo American 3Q Production Rose 2% Driven by Iron Ore, Diamonds
October 21 2021 - 2:48AM
Dow Jones News
By Jaime Llinares Taboada
Anglo American PLC said Thursday that its third-quarter
production increased 2%, and narrowed guidance for diamonds, copper
and iron ore to the lower end of the range.
The miner produced 16.9 million metric tons of iron ore in the
three months through September, up 15% from a year earlier driven
by the Minas-Rio operations in Brazil.
Copper output declined 6% to 157,000 tons due to planned
maintenance at the Collahuasi mine in Chile.
Platinum group metals production was broadly flat at 1.12
million ounces.
In addition, production of diamonds jumped 28%, metallurgical
coal output fell 11%, nickel was up 2% and manganese ore rose
7%.
"We are broadly on track to deliver our full year production
guidance across all products, while taking the opportunity to
tighten up the guidance for diamonds, copper and iron ore within
our current range as we approach the end of the year," Chief
Executive Mark Cutifani said.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
October 21, 2021 02:33 ET (06:33 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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