Anglo American 2Q Production Increased as Restrictions Eased
20 July 2021 - 4:55PM
Dow Jones News
By Jaime Llinares Taboada
Anglo American PLC on Tuesday reported higher copper, iron-ore
and platinum group metals production for the second quarter, as
operations benefited from the lower impact of Covid-19 lockdowns
compared with the same period of 2020.
The miner produced 15.7 million metric tons of iron ore in the
three months to June, up 6% from a year earlier.
Copper output increased 2% to 170,000 tons due to strong plant
performance at Los Bronces in Chile.
Platinum group metals production surged 59% to 1.06 million
ounces driven by higher Mogalakwena production in South Africa and
lower restrictions.
Diamonds production more than doubled, metallurgical coal output
was down 25% and thermal coal production slipped 1%. Nickel output
fell 2% and manganese ore production increased 18%.
"We have generally maintained operating levels at approximately
95% of normal capacity and, as a consequence, production increased
by 20% compared to Q2 of last year," Chief Executive Mark Cutifani
said.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
July 20, 2021 02:42 ET (06:42 GMT)
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