UK-based mining giant Anglo American has announced its production results for the second quarter and the first half this year.
In the second quarter, the company produced 15.64 million mt of iron ore, increasing by 8.8 percent compared to the same quarter of the previous year, driven by a strong operational performance at Minas Rio, and up by 3.7 percent compared to the first quarter. In the first half this year, the company’s iron ore production totaled 30.72 million mt, up by 11.5 percent year on year.
The company’s iron ore sales in the second quarter totaled 15.78 million mt, up by nine percent, while its iron ore sales in the first half came to 30.33 million mt, up by 7.1 percent, both year on year.
In the second quarter, the company’s iron ore production at Kumba decreased by 1.5 percent year on year to 9.32 million mt, while in the first six months its iron ore production at Kumba increased by 5.5 percent year on year to 18.74 million mt. In the given quarter the production at Sishen was 6.4 million mt, while production at Kolomela was 2.9 million mt. In the given quarter, total iron ore sales from the Kumba mine decreased by eight percent year on year to 9.5 million mt, reflecting a weak logistics performance.
Regarding its Brazilian iron ore project Minas Rio, Anglo American said that its iron ore output amounted to 6.33 million mt in the second quarter, up by 28.9 percent year on year, driven by a strong mining and plant performance and timing of maintenance.
Anglo American’s iron ore production guidance for 2023 is at 57-61 million mt, unchanged from the previous guidance.
