UK-based mining giant Anglo American has announced its production results for the first quarter this year.
The company produced 15.1 million mt of iron ore in the first quarter, remaining unchanged compared to the same quarter of the previous year and increasing by 9.4 percent compared to the fourth quarter last year.
In the given quarter, the company’s iron ore production at Kumba decreased by two percent year on year to 9.28 million mt, due to the reconfiguration of the mine. In the given period, production at Sishen was 6.6 million mt, while production at Kolomela was 2.7 million mt. In the first quarter, total iron ore sales from the Kumba mine dropped by 12.0 percent year on year to 8.4 million mt, as a result of equipment reliability issues at the Saldanha Bay port as well as adverse weather conditions.
Regarding its Brazilian iron ore project Minas Rio, Anglo American said that its iron ore output amounted to 5.9 million mt in the first quarter, up by four percent year on year, driven by the operational improvements.
Besides, Anglo American’s metallurgical coal production amounted to 3.78 million mt in the first quarter, rising by seven percent year on year.
Anglo American’s iron ore production guidance for this year remains unchanged at 58-62 million mt, with its metallurgical coal production guidance at 15-17 million mt.
