UK-based mining giant Anglo American has announced its production results for the second quarter and first half of this year.
In the second quarter, the company produced 15.58 million mt of iron ore, remaining almost unchanged from the same quarter of the previous year and up by 3.3 percent compared to the first quarter. In the first half this year, the company’s iron ore production totaled 30.72 million mt, unchanged year on year.
The company’s iron ore sales in the second quarter totaled 16.5 million mt, up by 5.1 percent, while its iron ore sales in the first half came to 29.5 million mt, down by 2.6 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 9.18 million mt, while in the first six months its iron ore production at Kumba decreased by 1.5 percent year on year to 18.46 million mt. In the second quarter, the production at Sishen was 6.64 million mt, while production at Kolomela was 2.54 million mt. In the given quarter, total iron ore sales from the Kumba mine increased by 3.2 percent year on year to 9.7 million mt, reflecting the improved equipment performance following repairs undertaken at Saldanha Bay port in the second quarter of 2024.
Regarding its Brazilian iron ore project Minas Rio, Anglo American said that its iron ore output amounted to 6.39 million mt in the second quarter, up by 0.9 percent year on year, reflecting a record second quarter performance.
Anglo American’s iron ore production guidance for 2024 is at 58-62 million mt, unchanged from the previous guidance.
