Anglo American Q2 Production Report

RNS Number : 5746J

Anglo American PLC

18 July 2013

 



18 July 2013

Anglo American plc Production Report for the second quarter ended 30 June 2013

Overview

·      Kumba Iron Ore production decreased marginally by 1% to 11.3 Mt as weaker production at Sishen, following the recovery from the strike in H2 2012, was offset by a strong performance at Kolomela

·      Export metallurgical coal production decreased by 9% to 4.4 Mt due to strategic production cuts executed in 2012 in anticipation of weakening market conditions, a planned longwall move at Moranbah and the recovery following adverse weather conditions

·      Export thermal coal production from South Africa decreased by 5% to 4.0 Mt. Cerrejón production decreased marginally to 3.0 Mt following the strong recovery after the strike in Q1 2013

·      Copper production⁽¹⁾ increased 14% to 182,900 tonnes, with 13% higher production at Los Bronces and a 25% increase at Collahuasi

·      Nickel production⁽²⁾ decreased by 22% to 8,500 tonnes due to the permanent cessation of production at Loma de Níquel, partially offset by higher production at Barro Alto

·      Platinum equivalent refined production increased by 2% to 594,000 ounces despite intermittent illegal industrial action

·      Diamond production increased by 10% to 7.9 million carats due to favourable ore grades at Orapa and Jwaneng, offset by lower production from Venetia following flooding in January 2013

·      Phosphates production increased by 15% to 312,300 tonnes due to performance improvement and increased plant availability

·      Niobium production decreased by 8% to 1,100 tonnes reflecting expected declining ore grade, partially offset by operational improvements

This Production Report for the second quarter ended 30 June 2013 is unaudited.

Interim Results for the six months to 30 June 2013 will be announced on 26 July 2013, 07:00 BST. 

(1)              Copper production from the Copper business unit

(2)              Nickel production from the Nickel business unit

IRON ORE AND MANGANESE

Iron Ore and Manganese		Q2 2013	Q2 2012	Q2 2013 vs. Q2 2012	Q1 2013	Q2 2013 vs. Q1 2013	H1 2013	H1 2012	H1 2013 vs. H1 2012
Iron ore	000 t	11,278	11,449	(1)%	10,335	9%	21,613	21,556	-
Manganese ore	000 t	864	826	5%	803	8%	1,667	1,643	2%
Manganese alloy	000 t	73	30	141%	57	26%	130	85	53%

Iron Ore - Production from Kumba Iron Ore decreased marginally by 1% to 11.3 Mt, as weaker production at Sishen was offset by a strong performance at Kolomela. Production at Sishen mine suffered from low supply of higher grade material as the mine continued to recover from stock drawdowns during the unprotected strike in Q4 2012. Production volumes at Kolomela, which successfully ramped up in 2012, increased by 49% to 2.6 Mt, reflecting 3 months of full production during the quarter.

Export sales volumes decreased by 4% to 10.2 Mt, due to lower stockpiles and production as Sishen continues to recover from the unprotected strike in Q4 2012. Finished product stockpile levels amounted to 3.3 Mt, a decrease of 11% compared to Q2 2012.

Manganese Ore- Production increased by 5% to 0.9 Mt, a quarterly record benefitting from improved plant availability at GEMCO in Australia.

Manganese Alloy - Production increased by 141% to 73,000 tonnes due the temporary cessation of production at TEMCO in Q2 2012.

METALLURGICAL COAL

Metallurgical Coal		Q2 2013	Q2 2012	Q2 2013 vs. Q2 2012	Q1 2013	Q2 2013 vs. Q1 2013	H1 2013	H1 2012	H1 2013 vs. H1 2012
Metallurgical - Export	000 t	4,396	4,846	(9)%	4,615	(5)%	9,010	8,589	5%
Thermal - Export	000 t	1,513	1,499	1%	1,494	1%	3,007	2,683	12%
Thermal - Domestic	000 t	1,725	1,787	(3)%	1,073	61%	2,798	3,174	(12)%

Metallurgical Coal - Export metallurgical coal production decreased by 9% to 4.4 Mt due to strategic production cuts executed in 2012 in anticipation of weakening market conditions, a planned longwall move at Moranbah and recovery at Dawson following adverse weather conditions in Q1 2013. This was partially offset by improved longwall cutting hours at Moranbah.  

The strategic production focus and Moranbah's improvement had a favourable impact on the product mix, with hard coking coal (HCC) to pulverised coal injection (PCI) increasing by 8% in H1 2013 compared to H1 2012.  

Aquila, a bord and pillar operation producing around 0.5 Mtpa of hard coking coal, will be placed under care and maintenance from 30 July 2013, as a result of weaker prices.

Export thermal coal production was in line at 1.5 Mt.

THERMAL COAL

Thermal Coal		Q2 2013	Q2 2012	Q2 2013 vs. Q2 2012	Q1 2013	Q2 2013 vs. Q1 2013	H1 2013	H1 2012	H1 2013 vs. H1 2012
South Africa
Thermal - Export	000 t	4,015	4,224	(5)%	3,909	3%	7,924	7,918	-
Thermal - Domestic (Eskom)	000 t	8,767	8,326	5%	8,130	8%	16,896	16,089	5%
Thermal - Domestic (Non-Eskom)	000 t	1,574	1,577	1%	1,519	4%	3,093	3,094	-
Colombia
Thermal - Export	000 t	3,014	3,105	(3)%	1,512	99%	4,526	6,058	(25)%

Thermal Coal - Export thermal coal production in South Africa decreased by 5% to 4.0 Mt primarily due to mining through poorer than planned geology at Goedehoop.

Domestic thermal coal production for Eskom increased by 5% to 8.8 Mt, owing to improved machine availability and higher longwall production at New Denmark.

Cerrejón recovered strongly following the strike in Q1 2013, with production only marginally lower than Q2 2012's record production.

COPPER

Copper		Q2 2013	Q2 2012	Q2 2013 vs. Q2 2012	Q1 2013	Q2 2013 vs. Q1 2013	H1 2013	H1 2012	H1 2013 vs. H1 2012
Copper	t	182,900	161,100	14%	170,400	7%	353,300	329,500	7%

Copper - Production increased by 14% to 182,900 tonnes in line with expectations, due to higher production across all businesses except Mantoverde. Production guidance for 2013 is maintained at 680,000 tonnes, against a backdrop of continued caution around the operating performance recovery and stability, particularly at Collahuasi.

Production from Los Bronces increased by 13% to 101,700 tonnes with a strong performance at the new Confluencia plant. Los Bronces' mine development is progressing, with mine congestion and continuity of ore feed to the two processing plants continuing to improve.  The increased mill throughput, however, was partially offset by lower ore grades.

Production from Collahuasi increased by 25% to 37,700 tonnes due to a return to higher ore grades and recoveries despite a planned 49 day shutdown of SAG Mill 3 for a stator motor replacement and repowering which was successfully completed in May 2013. Following re-commissioning of the mill, Collahuasi's mill throughput has improved in line with expectations. 

Production at El Soldado increased by 9% to 13,900 tonnes as a result of higher grades.  Mantos Blancos production increased 14% to 15,200 tonnes due to increased cathode production from dump leaching.

A negative provisional pricing adjustment of $189 million was recorded in H1 2013 compared to a positive price adjustment of $20 million in H1 2012, resulting in a realised price of 318 c/lb for H1 2013 versus 370 c/lb for H1 2012.

NICKEL

Nickel		Q2 2013	Q2 2012	Q2 2013 vs. Q2 2012	Q1 2013	Q2 2013 vs. Q1 2013	H1 2013	H1 2012	H1 2013 vs. H1 2012
Nickel	t	8,500	10,900	(22)%	6,200	37%	14,700	22,900	(36)%

Nickel - Production decreased by 22% to 8,500 tonnes, driven by the permanent cessation of production at Loma de Níquel in Venezuela in November 2012. Loma de Níquel produced 3,000 tonnes in Q2 2012. This was partially offset by higher production at Barro Alto, which increased by 13% to 6,100 tonnes. Production at Barro Alto continues to ramp-up, but was affected by a number of stoppages during the quarter. It is expected that Barro Alto will produce approximately 20,000 - 25,000 tonnes in 2013.

PLATINUM

Platinum		Q2 2013	Q2 2012	Q2 2013 vs. Q2 2012	Q1 2013	Q2 2013 vs. Q1 2013	H1 2013	H1 2012	H1 2013 vs. H1 2012
Refined
Platinum	000 oz	582	623	(7)%	439	32%	1,021	1,026	-
Palladium	000 oz	320	356	(10)%	264	21%	583	591	(1)%
Rhodium	000 oz	70	75	(7)%	57	24%	126	129	(2)%
Copper(1) - Refined	t	1,900	3,300	(42)%	2,000	(5)%	3,900	6,200	(37)%
Copper(1) - Matte	t	4,100	-	-	-	-	4,100	-	-
Nickel(1) - Refined	t	3,400	5,400	(37)%	3,300	3%	6,700	10,100	(34)%
Nickel(1) - Matte	t	5,400	-	-	-	-	5,400	-	-
Gold	000 oz	16	24	(32)%	23	(30)%	40	48	(18)%
Equivalent
Platinum	000 oz	594	584	2%	583	2%	1,177	1,177	-

(1)       Nickel and copper refined through third parties is now shown as production of nickel matte and copper matte. Nickel and copper matte, per the table, reflects matte sold to a third party in Q2 2013 from 2012 and 2013 production stockpile. Nickel matte production in 2012: 3.2 Kt; H1 2013: 2.2 Kt. Copper matte production 2012: 2.4 Kt; H1 2013: 1.7 Kt

Platinum - Equivalent refined platinum production increased by 2% to 594 koz, with own operations contributing 397 koz. Underground mining performance was impacted by illegal industrial actions, a national bus driver strike which impacted employees' ability to commute to work and labour shortages. This was exacerbated by the lack of flexibility, in the current labour environment, to redeploy employees to operations where there is a skills shortage. Equivalent refined platinum production from joint ventures and associates, inclusive of both mined and purchased production, increased by 2% to 182 koz. Equivalent refined platinum production in the Q2 2012 included 11 koz from non-managed Marikana joint venture which was placed on care and maintenance in June 2012.  On a comparative basis, excluding non-managed Marikana joint venture, operating mines improved production by 14 koz or 8%. Equivalent refined platinum ounces purchased from third parties increased from 15 koz to 16 koz.   

Refined platinum production decreased by 7% to 582 koz due to three separate production incidents at the converting plant in April 2013 which resulted in lower output into the refinery. The incidents were resolved and the converting plant operated at a steady state level by the end of the quarter.

Palladium, Rhodium and Nickel - Refined production of palladium and rhodium decreased by 10% and 7% respectively. Palladium and rhodium variances are a result of a different source mix from operations and different pipeline processing times for each metal. Nickel production continued to be affected by technical challenges in the new nickel tank house, however, production improved in the quarter as the company sold nickel matte to a third party. Anglo American Platinum sold 5,400 tonnes of nickel matte and 4,100 tonnes of copper matte to a third party during Q2 2013. 

DIAMONDS

Diamonds		Q2 2013	Q2 2012	Q2 2013 vs. Q2 2012	Q1 2013	Q2 2013 vs. Q1 2013	H1 2013	H1 2012	H1 2013 vs. H1 2012
Diamonds	000 carats	7,931	7,241	10%	6,364	25%	14,295	13,449	6%

Diamonds - Production increased by 10% to 7.9 million carats, largely reflecting improved grades at Orapa and Jwaneng, offset by lower recoveries at Venetia following flooding in January 2013. Production at Venetia decreased by 60%, with shortfalls mitigated through the processing of ore stockpiles. Restoration of full operations is expected during H2 2013.

Production at Jwaneng in Botswana continues to recover from the impact of the slope failure incident in June 2012, which is expected to be fully resolved during Q3 2013.

OTHER MINING AND INDUSTRIAL

Other Mining and Industrial		Q2 2013	Q2 2012	Q2 2013 vs. Q2 2012	Q1 2013	Q2 2013 vs. Q1 2013	H1 2013	H1 2012	H1 2013 vs. H1 2012
Phosphates	t	312,300	271,500	15%	284,400	10%	596,700	518,400	15%
Niobium	t	1,100	1,200	(8)%	1,100	-	2,200	2,300	(4)%

Phosphates - Production increased by 15% to 312,300 tonnes due to improved performance following optimised maintenance scheduling, increased plant availability and enhanced performance at the acidulation plant and granulation plants.

Niobium - Production decreased by 8% to 1,100 tonnes, with declining ore quality, as expected, partially offset by improvements to throughput and recoveries.

EXPLORATION AND EVALUATION

Exploration and Evaluation expenditure for Q2 2013 totalled $132 million, a decrease of 24%.

Exploration expenditure in Q2 2013 was $45 million, an increase of $5m, driven by the inclusion of De Beers partially offset by a reduction in central exploration expenses.  

Evaluation expenditure for the quarter was $87 million, a decrease of 35%. Evaluation expenditure is mainly focused on iron ore, metallurgical coal, copper and diamonds.

PRODUCTION SUMMARY

The figures below include the entire output of consolidated entities and the Group's attributable share of joint ventures, joint arrangements and associates where applicable, except for De Beers' joint ventures which are quoted on a 100% basis.

						% Change				% Change
	Q2 2013	Q1 2013	Q4 2012	Q3 2012	Q2 2012	Q2 2013 vs. Q1 2013	Q2 2013 vs. Q2 2012	H1 2013	H1 2012	H1 2013 vs. H1 2012
Iron Ore & Manganese segment (tonnes)
Kumba Iron Ore
Lump	6,866,400	6,190,300	5,551,000	7,689,900	7,045,500	11%	(3)%	13,056,700	13,339,600	(2)%
Fines	4,411,400	4,144,700	3,461,500	4,807,000	4,403,700	6%	-	8,556,100	8,216,100	4%
Total Kumba production	11,277,800	10,335,000	9,012,500	12,496,900	11,449,200	9%	(1)%	21,612,800	21,555,700	-
Kumba sales volumes
RSA export iron ore	10,178,300	9,945,100	8,979,600	9,958,600	10,597,600	2%	(4)%	20,123,400	20,718,800	(3)%
RSA domestic iron ore	1,132,500	882,000	833,100	1,162,400	1,368,000	28%	(17)%	2,014,500	2,687,500	(25)%
Samancor
Manganese ore (1)	864,200	803,400	846,800	858,400	826,400	8%	5%	1,667,600	1,642,600	2%
Manganese alloys (1) (2)	72,800	57,300	61,200	52,000	30,200	27%	141%	131,000	85,200	53%
Samancor sales volumes
Manganese ore	793,800	864,300	714,800	820,000	883,200	(8)%	(10)%	1,658,100	1,677,600	(1)%
Manganese alloys	68,400	63,100	65,600	48,000	50,800	8%	35%	131,500	122,000	8%
Metallurgical Coal segment (tonnes)
Metallurgical - Export coking coal	3,111,900	3,324,800	3,387,000	3,095,300	3,234,300	(6)%	(4)%	6,436,700	5,379,300	20%
Metallurgical - Export PCI	1,283,800	1,289,800	1,193,000	1,400,400	1,611,300	-	(20)%	2,573,600	3,209,300	(20)%
Total Metallurgical - Export	4,395,700	4,614,600	4,580,000	4,495,700	4,845,600	(5)%	(9)%	9,010,300	8,588,600	5%
Thermal	3,238,400	2,566,800	3,714,700	3,398,900	3,286,300	26%	(1)%	5,805,200	5,856,900	(1)%
Weighted average achieved FOB prices (US$/t)
Metallurgical - Export (3)	153	148	146	188	192	3%	(20)%	151	191	(21)%
Thermal - Export	84	90	83	96	94	(7)%	(11)%	87	103	(16)%
Thermal - Domestic	40	37	37	36	35	8%	14%	39	37	5%
Sales volumes
Metallurgical - Export (4)	4,667,100	4,336,200	4,714,000	4,096,800	4,651,500	8%	-	9,003,300	8,602,200	5%
Thermal - Export	1,505,300	1,506,600	1,518,800	1,776,300	1,525,400	-	(1)%	3,011,900	2,747,500	10%
Thermal - Domestic	1,700,000	1,109,100	1,920,800	1,817,500	1,698,300	53%	-	2,809,100	3,182,600	(12)%
Production by region: Australia
Metallurgical - Export	3,947,200	4,151,100	4,213,700	4,072,700	4,490,900	(5)%	(12)%	8,098,300	8,001,000	1%
Thermal	3,238,400	2,566,800	3,714,700	3,398,900	3,286,300	26%	(1)%	5,805,200	5,856,900	(1)%
Total Australia	7,185,600	6,717,900	7,928,400	7,471,600	7,777,200	7%	(8)%	13,903,500	13,857,900	-
Canada
Metallurgical - Export	448,500	463,500	366,300	423,000	354,700	(3)%	26%	912,000	587,600	55%

						% Change				% Change
	Q2 2013	Q1 2013	Q4 2012	Q3 2012	Q2 2012	Q2 2013 vs. Q1 2013	Q2 2013 vs. Q2 2012	H1 2013	H1 2012	H1 2013 vs. H1 2012
Thermal Coal segment (tonnes)
South Africa
Thermal - Export	4,015,200	3,909,200	4,659,100	4,555,300	4,223,500	3%	(5)%	7,924,400	7,917,700	-
Thermal - Domestic (Eskom)	8,766,600	8,129,800	8,560,600	9,056,900	8,326,200	8%	5%	16,896,400	16,088,900	5%
Thermal - Domestic (Non-Eskom)	1,573,800	1,518,800	1,594,500	1,530,500	1,560,900	4%	1%	3,092,600	3,094,100	-
Metallurgical - Domestic	-	-	-	-	15,700	-	(100)%	-	74,100	(100)%
Colombia
Thermal - Export	3,014,300	1,512,000	2,661,700	2,829,400	3,104,700	99%	(3)%	4,526,300	6,057,700	(25)%
Weighted average achieved FOB prices (US$/t)
South Africa
Thermal - Export	76	83	84	87	93	(8)%	(18)%	80	99	(19)%
Thermal - Domestic	19	20	21	20	21	(5)%	(10)%	20	21	(5)%
Colombia
Thermal - Export	75	77	84	86	90	(3)%	(17)%	76	92	(17)%
Sales volumes
South Africa
Thermal - Export	4,049,100	3,914,900	4,511,000	4,400,800	3,720,100	3%	9%	7,964,000	7,917,700	1%
Thermal - Domestic	10,243,400	9,565,800	10,192,500	10,468,500	9,909,500	7%	3%	19,809,200	19,357,000	2%
Colombia
Thermal - Export	3,157,100	1,773,500	2,701,700	2,630,300	2,959,600	78%	7%	4,930,600	5,593,600	(12)%
Production by region: South Africa
Thermal - Export	4,015,200	3,909,200	4,659,100	4,555,300	4,223,500	3%	(5)%	7,924,400	7,917,700	-
Thermal - Domestic (Eskom)	8,766,600	8,129,800	8,560,600	9,056,900	8,326,200	8%	5%	16,896,400	16,088,900	5%
Thermal - Domestic (Non-Eskom)	1,573,800	1,518,800	1,594,500	1,530,500	1,560,900	4%	1%	3,092,600	3,094,100	-
Metallurgical - Domestic	-	-	-	-	15,700	-	(100)%	-	74,100	(100)%
Total South Africa	14,355,600	13,557,800	14,814,200	15,142,700	14,126,300	6%	2%	27,913,400	27,174,800	3%
Colombia
Thermal - Export	3,014,300	1,512,000	2,661,700	2,829,400	3,104,700	99%	(3)%	4,526,300	6,057,700	(25)%

						% Change				% Change
	Q2 2013	Q1 2013	Q4 2012	Q3 2012	Q2 2012	Q2 2013 vs. Q1 2013	Q2 2013 vs. Q2 2012	H1 2013	H1 2012	H1 2013 vs. H1 2012
Copper segment (tonnes) (5)
Collahuasi total production	85,800	66,900	73,800	62,900	68,700	28%	25%	152,700	145,400	5%
Collahuasi attributable production (6)	37,700	29,400	32,500	27,700	30,200	28%	25%	67,100	63,900	5%
Avg sulphide grade (%TCu) (7)	1.00	0.75	0.74	0.70	0.79	33%	27%	0.88	0.79	11%
Los Bronces mine (8)	101,700	98,300	95,100	87,200	89,800	3%	13%	200,000	183,000	9%
Avg sulphide grade LB (%TCu)	0.82	0.80	0.85	0.79	0.86	2%	(5)%	0.81	0.87	(7)%
Avg sulphide grade LBDP (%TCu)	0.80	0.79	0.83	0.79	0.83	1%	(4)%	0.80	0.86	(7)%
El Soldado mine (8)	13,900	15,600	15,200	12,500	12,700	(11)%	9%	29,500	26,100	13%
Avg sulphide grade (% TCu)	0.91	1.03	0.94	0.72	0.78	(12)%	17%	0.97	0.84	15%
Mantos Blancos mine	15,200	12,400	13,900	14,100	13,300	23%	14%	27,600	26,200	5%
Avg sulphide grade (% ICu) (9)	0.69	0.54	0.59	0.71	0.69	28%	-	0.61	0.63	(3)%
Mantoverde mine	14,400	14,700	16,200	15,800	15,100	(2)%	(5)%	29,100	30,300	(4)%
Avg oxide grade (% ASCu) (10)	0.58	0.61	0.63	0.65	0.68	(5)%	(15)%	0.60	0.63	(5)%
Total copper production	231,000	207,900	214,200	192,500	199,600	11%	16%	438,900	411,000	7%
Attributable copper production (11)	182,900	170,400	172,900	157,300	161,100	7%	14%	353,300	329,500	7%
Attributable sales volumes	176,700	160,300	177,900	150,200	160,200	10%	10%	337,000	315,400	7%
Nickel segment (tonnes) (12)
Barro Alto	6,100	4,100	4,900	4,700	5,400	49%	13%	10,200	12,000	(15)%
Loma de Niquel	-	-	-	1,800	3,000	-	(100)%	-	6,300	(100)%
Codemin	2,400	2,100	2,500	2,500	2,500	14%	(4)%	4,500	4,600	(2)%
Total nickel production	8,500	6,200	7,400	9,000	10,900	37%	(22)%	14,700	22,900	(36)%
Sales volumes	6,300	7,100	9,000	7,600	12,600	(11)%	(50)%	13,400	23,400	(43)%
Platinum segment
Refined production
Platinum (troy oz)	581,800	439,200	703,800	649,000	623,000	32%	(7)%	1,021,000	1,025,800	-
Palladium (troy oz)	319,700	263,600	413,300	392,100	355,500	21%	(10)%	583,300	590,500	(1)%
Rhodium (troy oz)	69,800	56,500	91,200	90,500	75,100	24%	(7)%	126,300	129,000	(2)%
Copper  refined (tonnes) (13)	1,900	2,000	2,500	2,700	3,300	(5)%	(42)%	3,900	6,200	(37)%
Copper  matte (tonnes) (13)	4,100	-	-	-	-	-	-	4,100	-	-
Nickel refined (tonnes) (13)	3,400	3,300	3,900	3,700	5,400	3%	(37)%	6,700	10,100	(34)%
Nickel matte (tonnes) (13)	5,400	-	-	-	-	-	-	5,400	-	-
Gold (troy oz)	16,300	23,300	18,600	38,500	24,100	(30)%	(32)%	39,600	48,100	(18)%
Equivalent refined
Platinum (troy oz)	594,000	583,000	416,000	626,300	583,600	2%	2%	1,177,000	1,176,800	-
4E built-up head grade (g/tonne milled	3.24	3.22	3.22	3.32	3.09	1%	5%	3.25	3.15	3%
Diamonds segment (diamonds recovered - carats) (14)
Debswana	6,369,000	4,535,000	5,537,000	4,385,000	5,345,000	40%	19%	10,904,000	10,294,000	6%
Namdeb	423,000	429,000	470,000	419,000	460,000	(1)%	(8)%	852,000	778,000	10%
De Beers Consolidated Mines	639,000	1,002,000	1,547,000	1,247,000	964,000	(36)%	(34)%	1,641,000	1,638,000	-
De Beers Canada	500,000	398,000	497,000	324,000	472,000	26%	6%	898,000	739,000	22%
Total diamonds production	7,931,000	6,364,000	8,051,000	6,375,000	7,241,000	25%	10%	14,295,000	13,449,000	6%

						% Change				% Change
	Q2 2013	Q1 2013	Q4 2012	Q3 2012	Q2 2012	Q2 2013 vs. Q1 2013	Q2 2013 vs. Q2 2012	H1 2013	H1 2012	H1 2013 vs. H1 2012
Other Mining and Industrial segment (tonnes) (15)
Phosphates	312,300	284,400	302,300	292,300	271,500	10%	15%	596,700	518,400	15%
Niobium	1,100	1,100	1,000	1,100	1,200	-	(8)%	2,200	2,300	(4)%

(1)              Saleable production

(2)              Production includes medium carbon ferro-manganese

(3)              Within export coking and export PCI coals there are different grades of coal with different weighted average prices compared to benchmark

(4)              Includes both hard coking coal and PCI product sales volumes

(5)              Excludes Anglo American Platinum's copper production

(6)              Anglo American share of attributable Collahuasi production is 44% of total production

(7)              TCu = total copper

(8)              Anglo American previously held 74.5% of AA Sur, as of 24 August 2012, holds 50.1%. Production is stated at 100% as Anglo American continues to consolidate AA Sur

(9)              ICu = insoluble copper (total copper less acid soluble copper)

(10)            ASCu = acid soluble copper

(11)            Difference between total copper production and attributable copper production is Anglo American's 44% interest in Collahuasi

(12)            Excludes Anglo American Platinum's nickel production

(13)            Nickel and copper refined through third parties is now shown as production of nickel matte and copper matte. Nickel and copper matte, per the table, reflects matte sold to a third party in Q2 2013 from 2012 and 2013 production stockpile. Nickel matte production in 2012: 3.2 Kt; H1 2013: 2.2 Kt. Copper matte production 2012: 2.4 Kt; H1 2013: 1.7 Kt

(14)            Production data for De Beers is disclosed on a 100% basis

(15)            Excludes Amapá, Tarmac and Scaw Metals

Note: Production figures are sometimes more precise than the rounded numbers shown in the commentary of this report. The percentage change will reflect the percentage change using the production figures shown in the Production Summary of this report.

Forward-looking statements: This contains certain forward looking statements which involve risk and uncertainty because they relate to events and depend on circumstances that occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward looking statements.

For further information, please contact:

Media		Investors
UK James Wyatt-Tilby Tel: [phone]		UK Leng Lau Tel: [phone]
Emily Blyth Tel: [phone]		Caroline Crampton Tel: [phone]
South Africa Pranill Ramchander Tel: [phone]		Sarah McNally Tel: [phone]

Notes to editors:

Anglo American is one of the world's largest mining companies, is headquartered in the UK and listed on the London and Johannesburg stock exchanges. Anglo American's portfolio of mining businesses spans bulk commodities - iron ore and manganese, metallurgical coal and thermal coal; base metals - copper and nickel; and precious metals and minerals - in which it is a global leader in both platinum and diamonds. Anglo American is committed to the highest standards of safety and responsibility across all its businesses and geographies and to making a sustainable difference in the development of the communities around its operations. The company's mining operations, extensive pipeline of growth projects and exploration activities span southern Africa, South America, Australia, North America, Asia and Europe. www.angloamerican.com

 

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