Q2 2012 Production Report

RNS Number : 1072I

Anglo American PLC

20 July 2012

 



20 July 2012
Anglo American plc Production Report for the second quarter ended 30 June 2012

Overview

·      Successful project execution and asset optimisation delivered volume growth in iron ore, metallurgical coal, export thermal coal, copper⁽¹⁾ and nickel⁽²⁾

o  Growth projects delivered in 2011 continue to ramp up well, with Los Bronces expansion achieving 92% of nameplate capacity during the quarter

·      Iron ore production increased by 12% to 12.9 million tonnes due to the ramp-up of the Kolomela mine and production improvements at Amapá

o  Should current production levels be sustained at Kolomela mine, it ought to produce at least 6 million tonnes in 2012, and reach 9 Mtpa design capacity in 2013

·      Metallurgical Coal achieved a quarterly production record, with export metallurgical coal production increasing by 23% to 4.8 million tonnes, benefiting from productivity improvements

·     Export thermal coal production from Colombia increased by 22% to 3.1 million tonnes, achieving a quarterly production record. Export thermal coal production from South Africa increased by 7% to 4.2 million tonnes due to the ramp-up of Zibulo

·      Copper production⁽¹⁾ increased by 7% to 161,100 tonnes.  Strong ramp-up of the Los Bronces expansion was offset by lower grades, lower recoveries and adverse weather

·      Nickel production⁽²⁾  increased by 65% to 10,900 tonnes as production from Barro Alto continued to ramp up

·      Platinum equivalent refined production was flat at 583,600 ounces. Refined production was 623,000 ounces, 3% less, due to the slower than expected ramp-up of the converter plant following the planned maintenance

·      Diamond production decreased by 11% to 7.2 million carats largely in response to market conditions; while focusing on planned maintenance and waste stripping

This Production Report for the second quarter ended 30 June 2012 is unaudited.

Interim Results for the half year to 30 June 2012 will be announced on 27 July 2012, 07:00 BST.

(1)    Copper production from the Copper business unit

(2)    Nickel production from the Nickel business unit

IRON ORE & MANGANESE

Iron Ore and Manganese		Q2	Q2	Q2 2012	Q1	Q2 2012	H1	H1	H1 2012
		2012	2011	vs.	2012	vs.	2012	2011	vs.
				Q2 2011		Q1 2012			H1 2011
Iron ore	000 t	12,917	11,534	12%	11,679	11%	24,596	21,479	15%
Manganese ore	000 t	826	716	15%	816	1%	1,643	1,257	31%
Manganese alloys	000 t	30	76	(60)%	55	(45)%	85	145	(41)%

Iron ore - Kumba production of 11.4 Mt was 11% higher, and 13% above the 10.1 Mt in Q1 2012.  The increase in production from Kolomela was offset by a 22% decrease in production from the Sishen mine jig plant due to mining feedstock and ore quality constraints as well as maintenance on single-line conveyor systems.  However, production run rates at the Sishen dense media separation and jig plants recovered in the second quarter of 2012 as the ramp-up in waste mining continued. Following the successful early commissioning in August 2011, Kolomela mine continues to ramp up well, with 1.7 Mt produced during the quarter. Should the current ramp-up performance be sustained, the mine ought to produce at least 6 Mt in 2012, and reach 9 Mtpa design capacity in 2013.

In Brazil, Amapá production of 1.5 Mt was 25% higher, primarily due to higher mass recovery in the beneficiation plant as a result of increased stability of the plant. Output was 7% lower than Q1 2012, mainly owing to constraints in power supply and maintenance at the beneficiation plant.

Manganese Ore - Record production and sales owing to consistently strong operating performance and improved plant availability at both GEMCO in Australia and Hotazel in South Africa.

Manganese Alloys - The termination of energy-intensive silica-manganese production at the Metalloys plant in South Africa and the temporary suspension of production at TEMCO in Australia during Q1 2012 resulted in substantially lower manganese alloy production. TEMCO is expected to return to full capacity by the end of Q3 2012.

METALLURGICAL COAL

Metallurgical Coal (1)		Q2	Q2	Q2 2012	Q1	Q2 2012	H1	H1	H1 2012
		2012	2011	vs.	2012	vs.	2012	2011	vs.
				Q2 2011		Q1 2012			H1 2011
Export metallurgical	000 t	4,846	3,949	23%	3,743	29%	8,589	6,114	40%
Thermal	000 t	3,286	3,088	6%	2,571	28%	5,857	6,090	(4)%

⁽¹⁾ In 2011, the Group decided to retain Peace River Coal and, from July 2011, it has been managed within the Metallurgical Coal business unit. Information presented includes Peace River Coal and comparatives have been reclassified.

Metallurgical Coal - A quarterly production record of 4.8 Mt of export metallurgical coal was achieved following productivity improvements at all open cut operations, including at Peace River Coal in Canada.  Production in Australia recovered from wet weather in Q1 2012, benefiting from the initiatives implemented in 2011 to mitigate rain impacts.  

THERMAL COAL

Thermal Coal		Q2	Q2	Q2 2012	Q1	Q2 2012	H1	H1	H1 2012
		2012	2011	vs.	2012	vs.	2012	2011	vs.
				Q2 2011		Q1 2012			H1 2011
RSA  export thermal (non-Eskom)	000 t	4,224	3,931	7%	3,694	14%	7,918	7,945	-
Colombia export thermal	000 t	3,105	2,538	22%	2,953	5%	6,058	5,147	18%
RSA domestic - Eskom	000 t	8,326	8,783	(5)%	7,763	7%	16,089	17,058	(6)%
RSA domestic - other	000 t	1,577	1,418	11%	1,592	(1)%	3,168	2,562	24%

Thermal Coal - Export thermal coal production in South Africa increased by 7% due to the ramp-up of Zibulo, partly offset by the planned closure of high-cost sections at Goedehoop, Greenside and Kleinkopje. Cerrejón delivered a record quarterly performance, with production up 22%, benefiting from a reduction in weather-related stoppages.

South African export thermal coal sales for the quarter were below those for the first quarter due to the 10-day Transnet Freight Rail maintenance shutdown during Q2 2012.

COPPER

Copper		Q2	Q2	Q2 2012	Q1	Q2 2012	H1	H1	H1 2012
		2012	2011	vs.	2012	vs.	2012	2011	vs.
				Q2 2011		Q1 2012			H1 2011
Copper	t	161,100	150,300	7%	168,400	(4)%	329,500	289,100	14%

Copper - Total copper production increased by 7% to 161,100 tonnes.  Production from Los Bronces was 72% higher, with the Los Bronces expansion project contributing 46,500 tonnes. This was partly offset by lower grades and adverse weather.  The new processing plant is ramping up strongly, with mill throughput at 97% of the ramp-up profile achieved during the quarter.  The established operation will continue to be impacted by a declining grade profile.

Attributable production from Collahuasi of 30,200 tonnes was 45% lower, due to expected lower ore grades during 2012, and was exacerbated by lower recoveries, adverse weather conditions and a ball mill failure.  Lower grade, lower recoveries and repair of the ball mill will have a negative impact into the second half of the year.

Lower production versus Q1 2012 was largely owing to the production issues at Collahuasi and the temporary closure of the Los Bronces operations in June following a safety incident.

A net positive provisional pricing adjustment of $20 million was recorded in the first half of 2012 compared to a negative price adjustment of $36 million in 2011, resulting in a realised price of 370 c/lb versus 422 c/lb for the prior period.

NICKEL

Nickel		Q2	Q2	Q2 2012	Q1	Q2 2012	H1	H1	H1 2012
		2012	2011	vs.	2012	vs.	2012	2011	vs.
				Q2 2011		Q1 2012			H1 2011
Nickel	t	10,900	6,600	65%	12,000	(9)%	22,900	12,700	80%

Nickel - Production increased by 65% to 10,900 tonnes following the ramp-up of Barro Alto, which produced 5,400 tonnes during the quarter. Production from Loma de Níquel and Codemin was in line with prior year.

Production decreased by 9% versus Q1 2012 principally as a result of a previously announced kiln shutdown at Barro Alto. A shutdown in respect of the second line is planned for the second half of 2012.

PLATINUM

Platinum		Q2	Q2	Q2 2012	Q1	Q2 2012	H1	H1	H1 2012
		2012	2011	vs.	2012	vs.	2012	2011	vs.
				Q2 2011		Q1 2012			H1 2011
Refined
Platinum	000 oz	623	641	(3)%	403	55%	1,026	1,174	(13)%
Palladium	000 oz	356	374	(5)%	235	51%	591	662	(11)%
Rhodium	000 oz	75	80	(6)%	54	39%	129	166	(22)%
Copper	t	3,300	3,300	-	2,900	14%	6,200	6,800	(9)%
Nickel	t	5,400	5,500	(2)%	4,700	15%	10,100	10,300	(2)%
Gold	000 oz	24	32	(23)%	24	-	48	60	(20)%
Equivalent refined
Platinum	000 oz	584	593	(2)%	593	(2)%	1,177	1,160	1%

Platinum - Both equivalent refined platinum production and production volumes from own mines were in line with previous year.  Lower production volumes at Tumela, Union North and Mogalakwena mines were partly offset by higher production volumes at the other underground operations, which were less impacted by safety stoppages than in the corresponding period in 2011. Production at Rustenburg mines (Bathopele, Khuseleka, Khomanani, Siphumelele and Thembelani) increased by 16% compared to Q2 2011 due to improved productivity and safety performances.

The impact of safety stoppages on underground mines reduced during the quarter following positive joint and pro-active effort from management, the Department of Mineral Resources and the workforce. Although Platinum experienced 22 safety stoppages at own mining operations during Q2 2012, compared with 12 in Q2 2011 and 17 in Q1 2012, the scope and the duration of the safety stoppages improved significantly. The safety stoppages were more localised and were addressed over shorter periods than in 2011. As a result, 9,800 ounces of platinum were lost due to safety stoppages in Q2 2012, compared with 22,000 ounces in Q2 2011.

Refined platinum production at 623,000 ounces was 3% less than Q2 2011, primarily due to the delayed restart of the converter plant post its annual maintenance. However, those difficulties have been resolved and the furnace matte converted in June 2012 exceeded the previous monthly record by 5%. We expect the backlog in pipeline stocks to be processed by the end of the Q3 2012 as the converter plant has reached steady-state operating level.

Palladium, Rhodium and Nickel - Refined production of palladium, rhodium and nickel decreased by 5%, 6% and 2% respectively owing to a different source mix from operations and different pipeline processing times for each metal.

DIAMONDS

Diamonds		Q2	Q2	Q2 2012	Q1	Q2 2012	H1	H1	H1 2012
		2012	2011	vs.	2012	vs.	2012	2011	vs.
				Q2 2011		Q1 2012			H1 2011
Diamonds	000 carats	7,241	8,138	(11)%	6,208	17%	13,449	15,534	(13%)

Diamonds - Production decreased by 11% to 7.2 million carats largely in response to market conditions; while focusing on scheduled maintenance and waste stripping.

OTHER MINING & INDUSTRIAL

Other Mining and Industrial - Core(1)		Q2	Q2	Q2 2012	Q1	Q2 2012	H1	H1	H1 2012
		2012	2011	vs.	2012	vs.	2012	2011	vs.
				Q2 2011		Q1 2012			H1 2011
Phosphates	t	271,500	260,700	4%	246,900	10%	518,400	501,500	3%
Niobium	t	1,200	900	33%	1,100	9%	2,300	1,800	28%

(1)    Assets originally identified for divestment as part of the restructuring programme announced in October 2009 are managed as a separate business unit, Other Mining and Industrial. In 2011, the Group decided to retain Copebrás and Catalão.

Phosphates - Phosphates production increased by 4% in response to market demand. In comparison with Q1 2012, production increased by 10% due to improved plant reliability and availability.

Niobium - Niobium production increased by 33% due to better performance at the tailings plant and higher grades. Boa Vista plant benefited from improvements in the concentration process.

EXPLORATION & EVALUATION

Exploration and evaluation operating expenditure for the first half of 2012 was $314 million, 43% higher than for the same period in 2011, reflecting an increased focus on developing the Group's high-quality brownfield expansion options in Copper at Los Bronces and Collahuasi (Chile), as well as measured progression of greenfield growth options at Michiquillay (Peru) and Pebble (Alaska).  Metallurgical Coal expenditure was concentrated primarily at the Moranbah South and Grosvenor 2 brownfield projects in Australia. Exploration costs reflect a continued commitment to investigate and develop greenfield opportunities in Iron Ore, Metallurgical Coal, Copper and Nickel, as well as brownfield drilling across all business units.

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 which is quoted on a 100% basis.

						% Change			% Change
	Q2	Q1	Q4	Q3	Q2	Q2 2012	Q2 2012	H1	H1	H1 2012
	2012	2012	2011	2011	2011	vs.	vs.	2012	2011	vs.
						Q1 2012	Q2 2011			H1 2011
Iron Ore & Manganese segment  (tonnes)
Iron ore	12,917,200	11,678,500	12,427,300	12,182,900	11,534,100	11%	12%	24,595,700	21,478,900	15%
Manganese ore(1)	826,400	816,200	722,500	807,600	716,100	1%	15%	1,642,600	1,256,700	31%
Manganese alloys(1)(2)	30,200	55,000	78,000	77,600	76,100	(45)%	(60)%	85,200	144,900	(41)%
Kumba Iron Ore
Lump	7,045,500	6,294,100	6,914,800	6,745,900	6,384,200	12%	10%	13,339,600	11,784,300	13%
Fines	4,403,700	3,812,400	4,245,400	4,207,600	3,975,200	16%	11%	8,216,100	7,369,600	11%
Total Kumba production	11,449,200	10,106,500	11,160,200	10,953,500	10,359,400	13%	11%	21,555,700	19,153,900	13%
Amapá
Sinter feed	536,700	508,000	404,900	354,500	326,400	6%	64%	1,044,700	641,600	63%
Pellet feed	514,800	560,300	495,300	514,000	465,500	(8)%	11%	1,075,100	939,000	14%
Spiral concentrates	416,500	503,700	366,900	360,900	382,800	(17)%	9%	920,200	744,400	24%
Total Amapá production	1,468,000	1,572,000	1,267,100	1,229,400	1,174,700	(7%)	25%	3,040,000	2,325,000	31%
Attributable sales volumes
RSA export iron ore	10,597,600	10,121,200	9,600,400	9,167,100	9,806,200	5%	8%	20,718,800	18,363,500	13%
RSA domestic iron ore	1,368,000	1,319,500	1,241,800	1,537,700	1,836,200	4%	(25)%	2,687,500	3,661,700	(27)%
South American export iron ore	1,278,800	1,443,500	1,374,000	1,452,000	918,000	(11)%	39%	2,722,300	1,981,000	37%
Samancor sales volumes
Manganese ore	883,200	794,400	691,600	782,000	741,600	11%	19%	1,677,600	1,472,800	14%
Manganese alloys	50,400	71,600	78,400	74,400	79,200	(30)%	(36)%	122,000	162,000	(25)%
Metallurgical Coal segment  (tonnes) (3)
Export metallurgical	4,845,600	3,743,000	4,060,600	4,015,000	3,949,400	29%	23%	8,588,600	6,114,100	40%
Thermal	3,286,300	2,570,600	3,358,700	3,978,000	3,087,500	28%	6%	5,856,900	6,089,800	(4)%
Weighted average achieved FOB prices (US$/t)
Export metallurgical	192	190	234	267	276	1%	(30)%	191	251	(24)%
Export thermal	94	113	103	98	103	(17)%	(9)%	103	103	-
Domestic thermal	35	39	34	35	35	(10)%	-	37	35	6%
Attributable sales volumes
Export metallurgical	4,651,500	3,950,700	4,010,900	3,720,500	3,928,900	18%	18%	8,602,200	6,251,600	38%
Export thermal	1,525,400	1,222,100	1,849,900	1,877,500	1,600,400	25%	(5)%	2,747,500	2,546,900	8%
Domestic thermal	1,698,300	1,484,300	1,853,300	1,843,100	1,867,000	14%	(9)%	3,182,600	3,758,600	(15)%
Production by region: Australia
Export metallurgical	4,490,900	3,510,100	3,805,000	3,749,300	3,642,700	28%	23%	8,001,000	5,699,000	40%
Thermal	3,286,300	2,570,600	3,358,700	3,978,000	3,087,500	28%	6%	5,856,900	6,089,800	(4)%
Total Australia	7,777,200	6,080,700	7,163,700	7,727,300	6,730,200	28%	16%	13,857,900	11,788,800	18%
Canada
Export Metallurgical	354,700	232,900	255,600	265,700	306,700	52%	16%	587,600	415,100	42%
Thermal Coal segment (tonnes) (4)
RSA export thermal	4,223,500	3,694,200	4,455,900	4,145,500	3,930,600	14%	7%	7,917,700	7,945,100	-
Colombia export thermal	3,104,700	2,953,000	2,752,700	2,851,800	2,537,700	5%	22%	6,057,700	5,147,200	18%
RSA domestic - Eskom	8,326,200	7,762,700	9,487,000	8,751,400	8,782,600	7%	(5)%	16,088,900	17,057,600	(6)%
RSA domestic - other	1,560,900	1,533,200	1,390,100	1,052,900	1,333,800	2%	17%	3,094,100	2,398,600	29%
RSA domestic - metallurgical	15,700	58,400	84,500	75,600	83,800	(73)%	(81)%	74,100	163,300	(55)%
Weighted average achieved FOB prices (US$/t)
RSA export thermal	93	104	107	115	122	(11)%	(24)%	99	120	(18)%
Colombia export thermal	90	95	98	103	104	(5%)	(13)%	92	101	(9)%
RSA domestic thermal	21	22	19	22	22	(5)%	(5)%	21	22	(5)%
Attributable sales volumes
RSA export thermal	3,720,100	4,518,700	5,146,400	4,605,000	3,212,900	(18)%	16%	8,238,800	6,780,700	22%
Colombia export thermal	2,959,600	2,634,000	2,783,700	2,900,600	2,852,900	12%	4%	5,593,600	5,000,300	12%
RSA domestic thermal	9,909,500	9,447,500	10,842,600	9,901,600	9,867,000	5%	-	19,357,000	19,392,200	-
Production by region: South Africa
Export thermal	4,223,500	3,694,200	4,455,900	4,145,500	3,930,600	14%	7%	7,917,700	7,945,100	-
RSA domestic - Eskom	8,326,200	7,762,700	9,487,000	8,751,400	8,782,600	7%	(5)%	16,088,900	17,057,600	(6)%
RSA domestic - other	1,560,900	1,533,200	1,390,100	1,052,900	1,333,800	2%	17%	3,094,100	2,398,600	29%
RSA domestic - metallurgical	15,700	58,400	84,500	75,600	83,800	(73)%	(81)%	74,100	163,300	(55)%
Total South Africa	14,126,300	13,048,500	15,417,500	14,025,400	14,130,800	8%	-	27,174,800	27,564,600	(1)%
Colombia
Export Thermal	3,104,700	2,953,000	2,752,700	2,851,800	2,537,700	5%	22%	6,057,700	5,147,200	18%

						% Change			% Change
	Q2	Q1	Q4	Q3	Q2	Q2 2012	Q2 2012	H1	H1	H1 2012
	2012	2012	2011	2011	2011	vs.	vs.	2012	2011	vs.
						Q1 2012	Q2 2011			H1 2011
Coal production by commodity (tonnes)
Metallurgical	4,861,300	3,801,400	4,145,100	4,090,600	4,033,200	28%	21%	8,662,700	6,277,400	38%
Thermal excl. RSA domestic	10,614,500	9,217,800	10,567,300	10,975,300	9,555,800	15%	11%	19,832,300	19,182,100	3%
RSA domestic thermal	9,887,100	9,295,900	10,877,100	9,804,300	10,116,400	6%	(2)%	19,183,000	19,456,200	(1)%
Copper segment (tonnes) (5)
Collahuasi	68,700	76,700	114,500	104,300	125,000	(10)%	(45%)	145,400	234,500	(38)%
Average sulphide ore grade (%)	0.8	0.8	1.0	1.0	1.0			0.8	1.0
Los Bronces mine	89,800	93,200	72,600	47,400	52,100	(4)%	72%	183,000	101,700	80%
Average sulphide ore grade LB (%)	0.9	0.9	0.9	0.9	0.9			0.9	0.9
Average sulphide ore grade LB DP (%)	0.8	0.9	0.7	n/a	n/a			0.9	n/a
El Soldado mine	12,700	13,400	15,400	13,600	9,400	(5)%	35%	26,100	17,900	46%
Average sulphide ore grade (%)	0.8	0.9	0.9	0.9	0.8			0.8	0.7
Mantos Blancos mine	13,300	12,900	17,700	18,300	18,400	3%	(28)%	26,200	36,100	(27)%
Average sulphide ore grade (%)	0.7	0.6	0.8	0.9	1.0			0.6	1.1
Mantoverde mine	15,100	15,200	13,800	14,700	15,400	(1)%	(2)%	30,300	30,200	-
Average oxide ore grade (%)	0.7	0.6	0.6	0.6	0.6			0.6	0.7
Total copper production	199,600	211,400	234,000	198,300	220,300	(6)%	(9)%	411,000	420,400	(2)%
Attributable copper production	161,100	168,400	170,000	139,900	150,300	(4)%	7%	329,500	289,100	14%
Attributable sales volumes	160,200	155,200	177,000	154,000	144,500	3%	11%	315,400	277,300	14%
Nickel segment (tonnes) (6)
Codemin	2,500	2,100	2,500	2,400	2,400	19%	4%	4,600	4,600	-
Loma de Niquel	3,000	3,300	3,300	3,000	3,100	(9)%	(3)%	6,300	7,000	(10)%
Barro Alto (7)	5,400	6,600	4,100	1,100	1,100	(18)%	391%	12,000	1,100	991%
Total nickel  production	10,900	12,000	9,900	6,500	6,600	(9)%	65%	22,900	12,700	80%
Attributable  sales volumes	12,600	10,800	6,400	7,000	6,000	17%	110%	23,400	12,100	93%
Platinum segment
Refined production
Platinum (troy oz)	623,000	402,800	710,000	646,500	640,700	55%	(3)%	1,025,800	1,173,600	(13)%
Palladium (troy oz)	355,500	235,000	392,700	376,000	373,800	51%	(5)%	590,500	662,000	(11)%
Rhodium (troy oz)	75,100	53,900	96,800	75,200	79,900	39%	(6)%	129,000	165,600	(22)%
Copper (tonnes)	3,300	2,900	2,900	3,100	3,300	14%	0%	6,200	6,800	(9)%
Nickel (tonnes)	5,400	4,700	5,100	4,900	5,500	15%	(2)%	10,100	10,300	(2)%
Gold (troy oz)	24,100	24,000	28,000	17,100	31,500	0%	(23)%	48,100	60,000	(20)%
Equivalent refined
Platinum (troy oz)	583,600	593,200	583,200	666,800	592,500	(2)%	(2)%	1,176,800	1,160,100	1%
4E Built-up head grade (g/tonne milled)	3.09	3.20	3.27	3.35	3.19	(3)%	(3)%	3.15	3.16	-
Diamonds segment  (De Beers) (diamonds recovered - carats)
Debswana	5,345,000	4,949,000	4,643,000	6,927,000	5,923,000	8%	(10)%	10,294,000	11,320,000	(9)%
Namdeb	460,000	318,000	427,000	309,000	205,000	45%	124%	778,000	599,000	30%
De Beers Consolidated	964,000	674,000	913,000	1,732,000	1,526,000	43%	(37)%	1,638,000	2,798,000	(41)%
De Beers Canada	472,000	267,000	506,000	337,000	484,000	77%	(2)%	739,000	817,000	(10)%
Total diamonds production	7,241,000	6,208,000	6,489,000	9,305,000	8,138,000	17%	(11)%	13,449,000	15,534,000	(13)%
Attributable production	3,259,000	2,793,000	2,920,000	4,187,000	3,662,000	17%	(11)%	6,052,000	6,990,000	(13)%
Other Mining and Industrial segment (tonnes) (8)
Phosphates
Copebrás	271,500	246,900	274,900	284,500	260,700	10%	4%	518,400	501,500	3%
Niobium
Catalão	1,200	1,100	1,000	1,100	900	9%	33%	2,300	1,800	28%

(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 year presentation.

(4)     Includes capitalised Zibulo sales of 355,800 tonnes for the six months ended 30 June 2011 (Q3 2011: 276,400 tonnes, Q2 2011: 18,200 tonnes).

(5)     Excludes Platinum copper production.

(6)     Excludes Platinum nickel production.

(7)     Barro Alto has not yet achieved commercial production.

(8)     Excludes Tarmac and Scaw Metals.

Note:

Production figures are sometimes more precise than the rounded numbers shown in this report. The percentage change will reflect the percentage change using the unrounded production figures shown in 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]		South Africa Nicholas Gordon 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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