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	Q4 2012 vs. 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: [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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