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Anglo American reports December quarter production report
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Monday, 30 Jan 2012
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Anglo American Plc a mining company with operations from Australia to Brazil said that its fourth quarter iron-ore output climbed 5%, while platinum volumes missed annual targets as South Africa ordered more safety stoppages.

Q4 overview:

1. Iron ore production increased by 5% to 12.4 million tonnes mainly due to initial production from Kolomela mine and a continued improvement in performance at Amapá

9 million tonne per annum Kolomela mine commissioned five months ahead of schedule, with first shipment from Saldanha port in December 2011

Production ramp up schedule for Kolomela mine of 4 to 5 million tonnes in 2012

2. Metallurgical Coal delivered record production from its Australian open cut metallurgical coal operations, resulting in a 4% increase in metallurgical coal production to 4.1 million tonnes

3. Export thermal coal production from South Africa and Colombia increased by 5% to 8.6 million tonnes

4. Copper production increased by 10% to 170,000 tonnes, and by 22% compared to Q3 2011, due to the commissioning of the Los Bronces expansion and higher ore grades at Los Bronces, Collahuasi and El Soldado

5. Nickel production increased by 125% to 9,900 tonnes, and by 52% compared to Q3 2011, as production from Barro Alto continued to ramp up

6. Platinum refined production decreased by 19% to 710,000 ounces, mainly due to a greater number of safety stoppages resulting in lower mine production and increased processing of lower grade surface stockpiles. Equivalent refined platinum production declined by 9% to 583,200 ounces, due to a higher number of safety stoppages. This was offset by a strong performance at Mogalakwena’s North pit and full ramp up at Unki mine

7. Diamond production decreased by 24% to 6.5 million carats. This reduction mainly reflects De Beers’ deliberate focus on increasing waste stripping, as well as scheduled maintenance at the Debswana and DBCM operations in recognition of short-term global macro-economic volatility

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