Anglo’s second-quarter production up 11%
JOHANNESBURG (miningweekly.com) – Diversified mining company Anglo American lifted second-quarter production by 11% compared with the second quarter in 2022, reflecting the ramp-up of its new Quellaveco copper mine in Peru, which has now reached commercial production levels.
A strong performance was also delivered at the London- and Johannesburg-listed company’s Minas-Rio iron-ore operation in Brazil, as well as higher production from its opencast steelmaking coal operations in Australia.
These were offset by temporary lower production from De Beers' Venetia diamond mine in Limpopo, as it transitions from openpit to underground, as well as the impact of lower copper throughput and grades in Chile.
In the six months to June 30, Johannesburg-listed Kumba Iron Ore reported a 6% iron-ore production rise underpinned by Kolomela’s recovery and improved productivity at both operations.
However, multiple disruptions including derailments and cable theft on the Transnet rail line, resulted in iron-ore railed to Saldanha Bay port decreasing by 3% at June 30. With lower finished stock levels at the port, sales decreased by 4%.
Meanwhile, the second-quarter production of platinum group metals (PGMs) subsidiary Anglo American Platinum was 9% lower on short-term operational challenges and infrastructure closures at the Amandelbult mine as well as expected lower grades at the Mogalakwena mine.
Lower refined production of 1 073 800 oz PGM ounces was the result of a planned asset integrity programme at the Johannesburg-listed company’s processing operations.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...
VISIT SHOWROOM
The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
