Production Report for Q4 2012

RNS Number : 3319W
Anglo American PLC
25 January 2013
 



25 January 2013

Anglo American plc

Production Report for the fourth quarter ended 31 December 2012

 

Overview

 

 

·     Solid increases in production of export metallurgical coal, copper, export thermal coal from  South Africa,  iron ore from Kolomela and diamonds

 

·     Export metallurgical coal production increased by 13% to 4.6 million tonnes, with a 5% increase in the coking coal share of product to 74% versus Q3 2012

 

·     Copper production(1) from Los Bronces increased by 31% with the mine's expansion contributing 54,100 tonnes. Total copper production increased by 2% to 172,900 tonnes

 

·     Export thermal coal production from South Africa increased by 5% to 4.7 million tonnes reflecting the ramp up of Zibulo and increased production of lower calorific coal. Cerrejón achieved record production of 11.5 million tonnes in 2012

 

·     Diamond production increased by 24% to 8.1 million carats reflecting the resumption of mining operations at Jwaneng in September 2012

 

·     Kumba Iron Ore production decreased by 19% due to the illegal strike at Sishen mine. This action and subsequent recovery time has resulted in a loss of production of around 5 million tonnes. Kolomela exceeded monthly design capacity and contributed 2.8 million tonnes for the quarter and 8.5 million tonnes for the year, significantly in excess of its ramp up schedule

 

·     Equivalent refined platinum production decreased by 29% due to the illegal strike at the Rustenburg, Amandelbult and Union mines. 272,590 ounces of platinum production were lost during the quarter as a result of this action and subsequent ramp up

 

·     Nickel production(2) decreased by 25% to 7,400 tonnes, largely due to the expiry of Loma de Níquel mining concessions in Venezuela in November 2012

 

  

This Production Report for the fourth quarter ended 31 December 2012 is unaudited

 

Preliminary Results for the full year to 31 December 2012 will be announced on 15 February 2013

 

(1)              Copper production from the Copper business unit

(2)              Nickel production from the Nickel business unit

 

IRON ORE & MANGANESE

 

Iron Ore and Manganese

Q4

2012

Q4

2011

Q4 2012

vs.

Q4 2011

Q3

2012

Q4 2012

vs.

Q3 2012

FY

2012

FY

2011

FY 2012

vs.

FY 2011

Iron ore

000 t

9,013

11,160

(19)%

12,497

(28)%

43,065

41,268

4%

Manganese ore

000 t

847

722

17%

858

(1)%

3,348

2,787

20%

Manganese alloys

000 t

61

78

(22)%

52

18%

198

301

(34)%

 

Iron Ore - Production from Kumba Iron Ore decreased by 19% to 9 Mt, mainly due to the impact of the illegal strike at Sishen mine during the quarter and low attendance in the mining section following the strike action. At 31 December 2012, around 5 Mt of production had been lost at Sishen mine, though production rates have continued to improve. The faster than planned ramp up of Kolomela mine partially offset the negative impact on production at Sishen mine. Kolomela mine has exceeded monthly design capacity since July 2012 and reached record levels in the fourth quarter.  The mine produced 2.8 Mt for the quarter, and is on track to achieve design capacity of 9 Mtpa in 2013.

 

Export sales volumes for the quarter decreased by 6% to 9 Mt principally as a result of the production losses at Sishen mine, partially offset by production from Kolomela mine and by sales from stock.

 

Finished product stockpile levels amounted to 3.7 Mt, a decrease of 29% compared to 31 December 2011.

 

Minas-Rio project - During the quarter, Anglo American announced that all three injunctions contributing to the previously announced delay of first ore on ship to the end of 2014 had been lifted. As announced in November 2012, Anglo American is carrying out a detailed capital cost review to assess the outstanding capital expenditure requirements in light of current development progress and the disruptive challenges faced by the project.

 

Manganese ore - The record ore production trend continued in Q4 2012 driven by a substantial improvement in plant availability at GEMCO (Australia). Ore production for the full year increased by 20% to 3.3 Mt, a record performance.

 

Manganese alloy - Production decrease of 22% reflects the closure of the South Plant at Metalloys (South Africa) in January 2012. Alloy volumes increased by 18% from Q3 2012 as TEMCO (Australia) production returned to full capacity following the temporary suspension of operations that occurred during the first half of 2012.

 

 

METALLURGICAL COAL

 

Metallurgical Coal

Q4

2012

Q4

2011

Q4 2012

vs.

Q4 2011

Q3

2012

Q4 2012

vs.

Q3 2012

FY

2012

FY

2011

FY 2012

vs.

FY 2011

Export metallurgical

 000 t

4,580

4,061

13%

4,496

2%

17,664

14,190

24%

Export thermal

000 t

1,690

1,593

6%

1,674

1%

6,046

6,065

-

Domestic thermal

 000 t

2,025

1,766

15%

1,725

17%

6,925

7,362

(6)%

 

Metallurgical Coal - Production of export metallurgical coal for the quarter was 4.6 Mt, and a record performance of 17.7 Mt for the full year. All export open cut operations achieved full year site records for production of saleable tonnes.

 

 

For the quarter, metallurgical coal production increased by 13%, driven by a strong performance in longwall production and the impacts from the partial drift failure and longwall move in 2011. Production at Moranbah increased by 55% compared to Q3 2012, driven by the longwall productivity. Peace River Coal in Canada increased production by 43% due to a combination of productivity improvements and upgrades to the coal handling and preparation plant. Coking coal as a percentage of export metallurgical coal increased by 5% to 74% compared to Q3 2012.

 

Export thermal coal production, driven by productivity improvements, increased by 6%.

 

Anglo American continues to focus on delivering growth in premium coking coals and reducing lower margin tonnes. The brownfield Grosvenor metallurgical coal project in Queensland, Australia is progressing in line with expectations. All permits and licenses are in place and engineering and procurement activities are progressing to plan. Construction has commenced on site with the access road complete and bulk earthworks well under way. Longwall production is expected to be achieved in 2016.

 

 

THERMAL COAL

 

Thermal Coal

Q4

2012

Q4

2011

Q4 2012

vs.

Q4 2011

Q3

2012

Q4 2012

vs.

Q3 2012

FY

2012

FY

2011

FY 2012

vs.

FY 2011

RSA  export thermal

000 t

4,659

4,456

5%

4,555

2%

17,132

16,328

5%

Colombia export thermal

000 t

2,662

2,753

(3)%

2,829

(6)%

11,549

10,752

7%

RSA domestic - Eskom

000 t

8,561

9,487

(10)%

9,057

(5)%

33,706

35,296

(5)%

RSA domestic - other

000 t

1,595

1,475

8%

1,531

4%

6,293

5,060

23%

 

Thermal Coal - Export thermal coal production in South Africa increased by 5% to 4.7 Mt as a result of the ramp up at Zibulo and a change to include lower calorific value and higher yielding products at Zibulo and Goedehoop. This was partly offset by the planned closures of high-cost pits at Kleinkopje.

 

Domestic coal production decreased by 7% to 10.2 Mt predominantly due to an additional longwall move at New Denmark.

 

Cerrejón's production performance for the quarter decreased marginally as a result of the higher volume of waste removal. For the full year, improved weather conditions helped Cerrejón to achieve record production.

 

 

COPPER

 

Copper

Q4

2012

Q4

2011

Q4 2012

vs.

Q4 2011

Q3

2012

Q4 2012

vs.

Q3 2012

FY

2012

FY

2011

FY 2012

vs.

FY 2011

Copper                             

t

172,900

170,000

2%

157,300

10%

659,700

599,000

10%

 

Copper - Production increased by 2% to 172,900 tonnes. Production from Los Bronces increased by 31%, mainly due to the ramped up Los Bronces expansion project. The expansion contributed an additional 35,100 tonnes in the quarter, and 177,100 tonnes for the full year.  This was partially offset by lower ore grades.

 

Collahuasi's production decreased by 36%, due to planned lower ore grades and lower mill throughput and recoveries. Ball Mill No. 3, which was shut down for repair in April 2012, was recommissioned in November 2012 and is operating at capacity. As previously announced, a shareholder-led team performed a detailed diagnostic review during the second half of 2012 and a business improvement plan is being implemented.  Early indications from the actions taken are positive and have resulted in a 17% increase in production compared to Q3 2012.

 

As at the end of 2012, Anglo American had 117,900 tonnes of copper provisionally priced at

359 c/lb. Provisional pricing of copper sales resulted in a positive operating profit adjustment of

$47 million for 2012, versus a negative operating profit adjustment of $278 million in the prior year.

 

 

NICKEL

 

Nickel

Q4

2012

Q4

2011

Q4 2012

vs.

Q4 2011

Q3

2012

Q4 2012

vs.

Q3 2012

FY

2012

FY

2011

FY 2012

vs.

FY 2011

Nickel

      t

7,400

9,900

(25)%

9,000

(18)%

39,300

29,100

35%

 

Nickel - Production decreased by 25% to 7,400 tonnes owing to the cessation of production at Loma de Níquel in Venezuela, which was partly offset by an increased contribution from Barro Alto.

 

Barro Alto delivered 4,900 tonnes in the quarter. As previously stated, line 1's electric furnace experienced a partial sidewall collapse in October 2012. A decision was taken to rebuild all 4 side-walls, which was completed at the end of November 2012 with the furnace returning to full production in mid-December 2012.

 

There was no production at Loma de Níquel in Venezuela in the quarter due to an export ban and the expiration of three remaining mining concessions at Loma de Níquel on 10 November 2012.

 

 

PLATINUM

 

Platinum


Q4

2012

Q4

2011

Q4 2012

vs.

Q4 2011

Q3

2012

Q4 2012

vs.

Q3 2012

FY

2012

FY

2011

FY 2012

vs.

FY 2011

Refined










Platinum

000 oz

704

710

(1)%

649

8%

2,379

2,530

(6)%

Palladium

000 oz

413

393

5%

392

5%

1,396

1,431

(2)%

Rhodium

000 oz

91

97

(6)%

91

1%

311

338

(8)%

Copper

t

2,500

2,900

(14)%

2,700

(7)%

11,400

12,800

(11)%

Nickel

t

3,900

5,100

(24)%

3,700

5%

17,700

20,300

(13)%

Gold

000 oz

19

28

(34)%

39

(52)%

105

105

-

Equivalent










Platinum

000 oz

416

583

(29)%

626

(34)%

2,219

2,410

(8)%

 

Platinum - Equivalent refined platinum production decreased by 29% owing to the illegal strike action at the Rustenburg, Amandelbult and Union mines.

 

The illegal strike took place between 18 September and 15 November 2012. This resulted in a loss of platinum production of 272,590 ounces during the quarter. These losses were somewhat offset by higher output from Mogalakwena, from the joint venture operations and from the BRPM associate. Refined production of platinum was down 1% at 703,800 ounces as pipeline stocks continued to be processed through the strike period.

 

Palladium, Rhodium and Nickel - Refined production of rhodium and nickel decreased by 6% and 24% respectively, while palladium increased by 5%. Palladium and rhodium variances are a result of a different source mix from operations and different pipeline processing times for each metal, whilst nickel production was impacted by the illegal strike and the ongoing technical challenges in the new nickel tank house at the base metals refinery.

 

 

DIAMONDS

 

Diamonds

Q4

2012

Q4

2011

Q4 2012

vs.

Q4 2011

Q3

2012

Q4 2012

vs.

Q3 2012

FY

2012

FY

2011

FY 2012

vs.

FY 2011

Diamonds

000 carats

8,051

6,491

24%

6,375

26%

 27,875

31,328

(11)%

 

Diamonds - De Beers' operations continued to focus on waste stripping and maintenance activities initiated in Q4 2011, in response to softer demand. Production in Q4 2012, however, increased by 26% compared with Q3 2012, following the resumption of operations at Jwaneng, where the slope failure incident at the end of June 2012 disrupted output.

 

Production from South African operations (De Beers Consolidated Mines) increased by 69% and 24% versus Q3 2012, helping to address shortfalls following the Jwaneng slope failure.

 

 

OTHER MINING & INDUSTRIAL

 

Other Mining and Industrial

Q4

2012

Q4

2011

Q4 2012

vs.

Q4 2011

Q3

2012

FY

2012

FY

2011

FY 2012

vs.

FY 2011

Phosphates

t

302,300

274,900

10%

292,300

3%

1,113,000

1,060,900

5%

Niobium

t

1,000

1,000

-

1,100

(9)%

4,400

3,900

13%

Amapá

000 t

1,498

1,267

18%

1,534

(2)%

6,072

4,822

26%

 

 

Phosphates - Production increased by 10% due to a number of asset optimisation initiatives which improved overall plant performance at Catalão and Cubatão. Record production of 1.1 Mt of fertiliser was achieved in 2012, a 5% increase year on year.

 

Niobium - Production was flat with declining ore quality offset by improvements in both throughput and recoveries.

 

Amapá - Production increased by 18% to 1.5 Mt, driven by continuing higher mass recovery in the beneficiation plant as a result of increased plant stability. Output decreased by 2% compared with Q3 2012, principally due to planned maintenance.

 

On 4 January 2013 Anglo American announced the agreed sale of its interest in the Amapá iron ore operation to Zamin Ferrous Ltd. The transaction is expected to complete in 2013.

 

  

EXPLORATION & EVALUATION

 

Exploration and Evaluation spend for 2012 was $731 million, an increase of 36% compared to 2011, and $205 million for the quarter, an increase of 13%.

 

Exploration expenditure for the quarter was $71 million, up 74%. Exploration expenditure of

$206 million for 2012 increased by 70% compared to 2011 driven by the inclusion of fully consolidated De Beers exploration costs following the acquisition of an additional 40% interest in De Beers as well as increased exploration activity. Expenditure was primarily focused on opportunities in Australia, Brazil, Canada, Chile, Finland, Peru and several countries in Africa.

 

Evaluation spend for the quarter was $134 million, down 5%. Evaluation expenditure was

$525 million, an increase of 26% compared to 2011 principally driven by the Copper business and the ongoing studies at Michiquillay (Peru) and Pebble (Alaska) projects. Evaluation spend also includes Metallurgical Coal expenditure at Moranbah South and Grosvenor 2 project (Australia) as well as Iron Ore technical studies including the Minas-Rio expansion project in Brazil. De Beers evaluation costs are also fully consolidated in 2012.

 

 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


Q4 2012

Q3 2012

Q2 2012

Q1 2012

Q4 2011

Q4 2012

vs.

Q3 2012

Q4 2012

vs.

Q4 2011

FY 2012

FY 2011

FY 2012

vs.

FY 2011

Iron Ore & Manganese segment (tonnes)









Kumba Iron Ore


      









Lump

 5,551,000

7,689,900

7,045,500      

6,294,100

6,914,800

(28)%

(20)%

26,580,500

25,445,100

4%

Fines

 3,461,500

4,807,000

4,403,700      

3,812,400

4,245,400

(28)%

(18)%

16,484,600

15,822,500

4%

Total Kumba production

 9,012,500

12,496,900

11,449,200      

10,106,500

11,160,200

(28)%

(19)%

 43,065,100

41,267,600

4%

Kumba sales volumes











RSA export iron ore

8,979,600

9,958,600

10,597,600

10,121,200

9,600,400

(10)%

(6)%

 39,657,000

37,131,100

7%

RSA domestic iron ore

833,100

1,162,400

1,368,000

1,319,500

1,241,800

(28)%

(33)%

 4,683,000

6,441,200

(27)%

Samancor











Manganese ore (1)

846,800

858,400

826,400

816,200

722,500 

(1)%

17%

3,347,800

2,786,800

20%

Manganese alloys (1) (2)

61,200

52,000

30,200

55,000

78,000 

18%

(22)%

198,400

300,500

(34)%

Samancor sales volumes



      








Manganese ore

714,800

820,000

883,200

794,400

691,600

(13)%

3%

3,212,400

2,946,400

9%

Manganese alloys

65,600

48,000

50,800            

71,600

78,400

37%

(16)%

236,000

314,800

(25)%

Metallurgical Coal segment (tonnes) (3)









Export coking coal

3,387,000

3,095,300

3,234,300

2,145,000

2,702,900

9%

25%

11,861,600

10,226,700

16%

Export PCI

1,193,000

1,400,400

1,611,300

1,598,000

1,357,700

(15)%

(12)%

5,802,700 

3,963,000

46%

Total export metallurgical (4)

4,580,000

4,495,700

4,845,600

3,743,000

4,060,600

2%

13%

17,664,300

14,189,700

24%

Thermal

3,714,700

3,398,900

3,286,300

2,570,600

3,358,700

9%

11%

12,970,500

13,426,500

(3)%

Weighted average achieved FOB prices (US$/t)











Export metallurgical

146

188

192

190

234

(22)%

(38)%

178

251

(29)%

Export thermal

83

96

94

113

103

(14)%

(19)%

96

101

(5)%

Domestic thermal

37

36

35

39

34

3%

9%

37

35

6%

Sales volumes











Export metallurgical (5)

4,714,000

4,096,800

4,651,500

3,950,700

4,010,900

15%

18%

17,413,000

13,983,000

25%

Export thermal

1,518,800

1,776,300

1,525,400

1,222,100

1,849,900

(14)%

(18)%

6,042,600

6,274,400

(4)%

Domestic thermal

1,920,800

1,817,500

1,698,300

1,484,300

1,853,300

6%

4%

6,920,900

7,455,000

(7)%

Production by region:

Australia



      








Export metallurgical

4,213,700

4,072,700

4,490,900      

3,510,100

3,805,000

3%

11%

16,287,400

13,253,300

23%

Thermal

3,714,700

3,398,900

3,286,300      

2,570,600

3,358,700

9%

11%

12,970,500

13,426,500

(3)%

Total Australia

7,928,400

7,471,600

7,777,200      

6,080,700

7,163,700

6%

11%

29,257,900

26,679,900

10%

Canada



      








Export metallurgical

366,300

423,000

354,700      

232,900

255,600

(13)%

43%

1,376,900

936,300

47%

 



 







% Change



% Change


Q4 2012

Q3 2012

Q2 2012

Q1 2012

Q4 2011

Q4 2012

vs.

Q3 2012

Q4 2012

vs.

Q4 2011

FY 2012

FY 2011

FY 2012

vs.

FY 2011

Thermal Coal segment (tonnes) (6)










RSA export thermal

4,659,100

4,555,300

4,223,500

3,694,200

4,455,900

2%

5%

17,132,100

16,328,400

5%

Colombia export thermal

2,661,700

2,829,400

3,104,700

2,953,000

2,752,700

(6)%

(3)%

11,548,800

10,751,700

7%

RSA domestic - Eskom

8,560,600

9,056,900

8,326,200

7,762,700

9,487,000

(5)%

(10)%

33,706,400

35,296,000

(5)%

RSA domestic - other

1,594,500

1,530,500

1,560,900    

1,533,200

1,390,100

4%

15%

6,219,100

5,059,700

23%

RSA domestic - metallurgical

-

-

15,700

58,400

84,500

-

(100)%

74,100

323,400

(77)%

Weighted average achieved FOB prices (US$/t)











RSA export thermal

84

87

93

104

107

(3)%

(21)%

92

114

(19)%

Colombia export thermal

84

86

90

95

98

(2)%

(14)%

89

101

(12)%

RSA domestic thermal

21

20

21

22

19

5%

11%

21

21

-

Sales volumes











RSA export thermal

4,511,000

4,400,800

3,720,100

4,518,700

5,146,400

3%

(12)%

17,150,600

16,532,100

4%

Colombia export thermal

2,701,700

2,630,300

2,959,600

2,634,000

2,783,700

3%

(3)%

10,925,600

10,684,600

2%

RSA domestic thermal

10,192,500

10,468,500

9,909,500

9,447,500

10,842,600

(3)%

(6)%

40,018,000

40,136,500

-

Production by region:

South Africa



      








Export thermal

4,659,100

4,555,300

4,223,500      

3,694,200

4,455,900

2%

5%

17,132,100

16,328,400

5%

RSA domestic - Eskom

8,560,600

9,056,900

8,326,200

7,762,700

9,487,000

(5)%

(10)%

33,706,400

35,296,000

(5)%

RSA domestic - other

1,594,500

1,530,500

1,560,900    

1,533,200

1,390,100

4%

15%

6,219,100

5,059,700

23%

RSA domestic - metallurgical

-

-

15,700

58,400

84,500

-

(100)%

74,100

323,400

(77)%

Total South Africa

14,814,200

15,142,700

14,126,300

13,048,500

15,417,500

(2)%

(4)%

57,131,700

57,007,500

-

Colombia











Export thermal

2,661,700

2,829,400

3,104,700

2,953,000

2,752,700

(6)%

(3)%

11,548,800

10,751,700

7%

 

 



 

 






% Change



% Change


Q4 2012

Q3 2012

Q2 2012

Q1 2012

Q4 2011

Q4 2012

vs.

Q3 2012

Q4 2012

vs.

Q4 2011

FY 2012

FY 2011

FY 2012

vs.

FY 2011

Copper segment (tonnes) (7)










Collahuasi total production

73,800

62,900

68,700

76,700

114,500

17%

(36)%

282,100

453,300

(38)%

Collahuasi attributable production (8)

32,500

27,700

30,200

33,700

50,500

17%

(36)%

124,100

199,500

(38)%

Avg sulphide ore grade (%)

0.74

0.70

0.79

0.80

1.04

6%

(29)%

0.76

1.02

(26)%

Los Bronces mine (9)

95,100

87,200

89,800

93,200

72,600

9%

31%

365,300

221,800

65%

Avg sulphide ore grade LB (%)

0.85

0.79

0.86

0.89

0.92

8%

(8)%

0.83

0.90

(8)%

Avg sulphide ore grade LBDP (%)

0.83

0.79

0.83

0.90

0.74

5%

12%

0.84

0.74

13%

El Soldado mine (9)

15,200

12,500

12,700

13,400

15,400

22%

(1)%

53,800

46,900

15%

Avg sulphide ore grade (%)

0.94

0.72

0.78

0.89

0.93

31%

1%

0.83

0.82

1%

Mantos Blancos mine

13,900

14,100

13,300

 12,900

 17,700

(1)%

(21)%

54,200

72,100

(25)%

Avg sulphide ore grade (%)

0.59

0.71

0.69

0.58

0.79

(17)%

(25)%

0.64

0.95

(33)%

Mantoverde mine

16,200

15,800

15,100

15,200

13,800

3%

17%

62,300

58,700

6%

Avg oxide ore grade (%)

0.63

0.65

0.68

0.58

0.61

(3)%

3%

0.63

0.62

2%

Total copper production

214,200

192,500

199,600

211,400

234,000

11%

(8)%

817,700

852,800

(4)%

Attributable copper production (10)

172,900

157,300

161,100

168,400

170,000

10%

2%

659,700

599,000

10%

Attributable sales volumes

177,900

150,200

160,200

155,200

177,000

18%

1%

643,500

608,300

6%

Nickel segment (tonnes) (11)










Codemin

2,500

2,500

2,500

2,100

2,500

-

-

9,600

9,500

1%

Loma de Niquel

-

1,800

3,000

3,300

3,300

(100)%

(100)%

8,100

13,400

(40)%

Barro Alto

4,900

4,700

5,400

6,600

4,100

4%

20%

21,600

6,200

248%

Total nickel production

7,400

9,000

10,900

12,000

9,900

(18)%

(25)%

39,300

29,100

35%

Sales volumes

9,000

7,600

12,600

10,800

6,400

18%

41%

40,000

25,500

57%

Platinum segment











Refined production











Platinum (troy oz)

703,800

   649,000

    623,000

402,800

   710,000

8%

(1)%

2,378,600

2,530,100

(6)%

Palladium (troy oz)

413,300

   392,100

     355,500

    235,000

    392,700

5%

5%

1,395,900

1,430,700

(2)%

Rhodium (troy oz)

91,200

     90,500

     75,100

     53,900

      96,800

1%

(6)%

310,700

337,600

(8)%

Copper (tonnes)

2,500

       2,700

         3,300

       2,900

       2,900

(7)%

(14)%

11,400

12,800

(11)%

Nickel (tonnes)

3,900

       3,700

       5,400

       4,700

       5,100

5%

(24)%

17,700

20,300

(13)%

Gold (troy oz)

18,600

     38,500

     24,100

     24,000

    28,000

(52)%

(34)%

105,200

105,100

0%

Equivalent refined











Platinum (troy oz)

416,000

   626,300

  583,600

     593,200

583,200

(34)%

(29)%

2,219,100

2,410,100

(8)%

4E built-up head grade (g/tonne milled)

3.22

3.32

3.09

3.20

3.27

(3)%

(2)%

3.20

3.24

(1)%

Diamonds segment (diamonds recovered - carats) (12)








Debswana

5,537,000

4,385,000

5,345,000

4,949,000

4,643,000

26%

19%

20,216,000

22,890,000

(12)%

Namdeb

470,000

419,000

460,000

318,000

429,000

12%

10%

1,667,000

1,335,000

25%

De Beers Consolidated Mines

1,547,000

1,247,000

964,000

674,000

913,000

24%

69%

4,432,000

5,443,000

(19)%

De Beers Canada

497,000

324,000

472,000

267,000

506,000

53%

(2)%

1,560,000

1,660,000

(6)%

Total diamonds production

8,051,000

6,375,000

7,241,000

6,208,000

6,491,000

26%

24%

27,875,000

31,328,000

(11)%

 

 

 

 

 

 



 

 







% Change



% Change


Q4 2012

Q3 2012

Q2 2012

Q1 2012

Q4 2011

Q4 2012

vs.

Q3 2012

Q4 2012

vs.

Q4 2011

FY 2012

FY 2011

FY 2012

vs.

FY 2011

Other Mining and Industrial segment (tonnes) (13)









Phosphates











Copebrás

302,300

292,300

271,500

246,900

274,900

3%

10%

1,113,000

1,060,900

5%

Niobium











Catalão

1,000

1,100

1,200

1,100

1,000

(9)%

-

4,400

3,900

13%

Amapá (14)



      








Sinter feed

536,000

519,300

536,700      

508,000

404,900

3%

32%

2,100,000

1,401,000

50%

Pellet feed

540,300

607,800

514,800

560,300

495,300

(11)%

9%

2,223,200

1,948,300

14%

Spiral concentrates

421,700

407,200

416,500

503,700

366,900

4%

15%

1,749,100

1,472,200

19%

Total Amapá production

1,498,000

1,534,300

1,468,000

1,572,000

1,267,100

(2)%

18%

6,072,300

4,821,500

26%

Amapá sales volumes

1,769,400

1,422,700

1,278,800

1,443,500

1,374,000

24%

29%

5,914,400

4,799, 400

23%

 

 

 

 

(1)              Saleable production

(2)              Production includes medium carbon ferro-manganese

(3)              Includes Peace River Coal, which was reclassified from Other Mining and Industrial to Metallurgical Coal in 2011 to align with internal management reporting. Comparatives have been reclassified to align with current presentation

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

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

(6)              Includes capitalised Zibulo sales of 1,580,700 (export) and 632,200 (domestic) tonnes for the year ended 31 December 2012

(7)              Excludes Anglo American Platinum's copper production

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

(9)              Anglo American previously held 74.5% of AA Sur but, as of 24 August 2012, now holds 50.06%. Production is stated at 100% as Anglo American continues to consolidate AA Sur

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

(11)            Excludes Anglo American Platinum's nickel production

(12)            On 16 August 2012 Anglo American completed its acquisition of an additional 40% interest in De Beers increasing Anglo American's total shareholding to 85%. Production data is disclosed on a 100% basis. Post completion of the acquisition, De Beers Consolidated Mines and De Beers Canada are fully consolidated subsidiaries and Debswana and Namdeb are joint ventures proportionately consolidated at 19.2% (post implied taxes) and 50% respectively. The Diamond Trading Company and Diamdel sell a significant portion of total production on behalf of operations based on contractual agreements in place

(13)            Excludes Tarmac and Scaw Metals

(14)            Amapá was reclassified from Iron Ore Brazil to Other Mining and Industrial in H1 2012 to align with internal management reporting. Comparatives have been reclassified to align with current presentation

 

 

 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: +44 (0)20 7968 8759

 

UK

Leng Lau

Tel: +44 (0)20 7968 8540

 

Emily Blyth

Tel: +44 (0)20 7968 8481

 

 

Caroline Crampton

Tel: +44 (0)20 7968 2192

 

South Africa

Pranill Ramchander

Tel: +27 (0)11 638 2592

 

Sarah McNally

Tel: +44 (0)20 7968 8747

 

 

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

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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