RESOURCES giant Anglo American has reported growth in iron ore, metallurgical coal, export thermal coal, copper and nickel for the quarter ended June, thanks to successful project execution and asset optimisation.
Releasing its production report for the June quarter on Friday, the resources group said the growth projects delivered last year continue to ramp up well, with the Los Bronces expansion in Chile achieving 92% of nameplate capacity during the quarter.
Iron ore production increased 12% to 12,9-million tons due to the ramp-up of the Kolomela mine in SA and production improvements at Amapá in Brazil. Should production levels be sustained at Kolomela mine, it ought to produce at least 6-million tons this year and reach its 9-million-ton-a-year design capacity next year, Anglo said.
Metallurgical Coal achieved a quarterly production record, with export metallurgical coal production increasing 23% to 4,8-million tons.
Export thermal coal production from Colombia increased 22% to 3,1-million tons, achieving a quarterly production record.
Export thermal coal production from SA increased 7% to 4,2-million tons.
Copper production increased 7% to 161100 tons. Nickel production increased 65% to 10900 tons as production at Barro Alto in Brazil continued to ramp up.
Platinum equivalent refined production was flat at 583600oz , while refined production was 623000oz , 3% less, due to the slower than expected ramp-up of the converter plant following planned maintenance.
Diamond production decreased 11% to 7,2-million carats, largely in response to market conditions; and there was a focus on planned maintenance and waste-stripping.
Anglo will release its results for the half year to end-June on Friday.