Anglo American CEO Mr Duncan Wanblad said “Our production performance started to pick up in the second quarter of 2022, with operational momentum and our focus on asset resilience positioning us well for a stronger second half of the year. Full year production guidance is unchanged for PGMs, copper and iron ore, increased for diamonds and decreased for steelmaking coal due to longwall ramp-up timing. Overall for the second quarter, production was 9% lower compared with the same quarter in 2021, primarily due to expected lower grades and water availability in Copper, ramp-up of the Aquila longwall in Steelmaking Coal and planned maintenance at the Minas-Rio iron ore operation.”He added “Our newly commissioned Quellaveco project in Peru delivered first copper concentrate at the start of July and will contribute to our copper production in the second half. This marks a major milestone in our delivery of this world-class long life asset, on time and on budget - testament to the incredible efforts of our workforce and wider stakeholders through the effects of a global pandemic. Quellaveco is expected to add around 10% to our global output once fully operational, central to the margin-enhancing organic growth we are delivering in future-enabling metals and minerals over the next decade.”Rough diamond production decreased by 4%, reflecting lower grades in Canada and Botswana. Production guidance is increased to 32–34 million carats (previously 30-33 million carats) due to robust demand and strong year-to-date operational performance.Metal in concentrate production from Platinum Group Metals operations was broadly flat, with strong performances at Unki and Mototolo offsetting planned lower grades at Mogalakwena. Copper production decreased by 21% due to planned lower grades and water availability.Iron ore production decreased by 8% after a safety intervention at Kumba’s Kolomela mine, as well as planned maintenance at Minas-Rio.Steelmaking coal production decreased by 12% as the replacement Aquila longwall ramped up following the planned end of production from Grasstree, as well as high rainfall impacting the open pit operations. Full year guidance is revised to 15–17 million tonnes (previously 17-19 million tonnes) and unit cost revised to c.$110/tonne (previously c.$105/tonne).
Anglo American CEO Mr Duncan Wanblad said “Our production performance started to pick up in the second quarter of 2022, with operational momentum and our focus on asset resilience positioning us well for a stronger second half of the year. Full year production guidance is unchanged for PGMs, copper and iron ore, increased for diamonds and decreased for steelmaking coal due to longwall ramp-up timing. Overall for the second quarter, production was 9% lower compared with the same quarter in 2021, primarily due to expected lower grades and water availability in Copper, ramp-up of the Aquila longwall in Steelmaking Coal and planned maintenance at the Minas-Rio iron ore operation.”He added “Our newly commissioned Quellaveco project in Peru delivered first copper concentrate at the start of July and will contribute to our copper production in the second half. This marks a major milestone in our delivery of this world-class long life asset, on time and on budget - testament to the incredible efforts of our workforce and wider stakeholders through the effects of a global pandemic. Quellaveco is expected to add around 10% to our global output once fully operational, central to the margin-enhancing organic growth we are delivering in future-enabling metals and minerals over the next decade.”Rough diamond production decreased by 4%, reflecting lower grades in Canada and Botswana. Production guidance is increased to 32–34 million carats (previously 30-33 million carats) due to robust demand and strong year-to-date operational performance.Metal in concentrate production from Platinum Group Metals operations was broadly flat, with strong performances at Unki and Mototolo offsetting planned lower grades at Mogalakwena. Copper production decreased by 21% due to planned lower grades and water availability.Iron ore production decreased by 8% after a safety intervention at Kumba’s Kolomela mine, as well as planned maintenance at Minas-Rio.Steelmaking coal production decreased by 12% as the replacement Aquila longwall ramped up following the planned end of production from Grasstree, as well as high rainfall impacting the open pit operations. Full year guidance is revised to 15–17 million tonnes (previously 17-19 million tonnes) and unit cost revised to c.$110/tonne (previously c.$105/tonne).
