Anglo American posts increased iron ore output for Q4

UK-based mining giant Anglo American Corporation has announced its production results for the fourth quarter of 2014. In the given quarter, iron ore production from Kumba Iron Ore increased by 10 percent year on year to 12.4 million mt, while Sishen mine production rose by 11 percent year on year to 9.3 million mt.
 
Anglo American's export iron ore sales increased by 23 percent year on year to 11.7 million mt during the fourth quarter, due to higher production and through utilization of the Multi-Purpose Terminal at Saldanha port. Domestic sales decreased by 31 percent to 900,000 mt owing to reduced customer offtake.
 
Anglo American's export metallurgical coal production in the fourth quarter last year increased by four percent year on year to 4.9 million mt, while the company's nickel production decreased by 34 percent year on year to 6,700 mt.