Anglo American Sees South African Production Hit by Lockdown
27 March 2020 - 7:06PM
Dow Jones News
By Matteo Castia
Anglo American PLC said Friday that it expects a reduction in
iron-ore volume production and thermal-coal export due to the
three-week lockdown imposed by the South African government in
response to the spread of the coronavirus.
The South Africa-based mining multinational said that it
estimates iron-ore 2020 production from its mine at Kumba to be
lower by 2 million tons to 3 million tons, while thermal-coal
export for the year is forecast to be reduced by 1.5 million tons
to 2 million tons.
Anglo American has said in recent days that similar restrictions
in the U.K. and Peru have slowed down its operations in those
countries too.
Write to Matteo Castia at matteo.castia@dowjones.com
(END) Dow Jones Newswires
March 27, 2020 03:51 ET (07:51 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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