Anglo American has provided an update on its performance during 2022 and capital expenditure and production guidance for the next three financial years. Anglo American CEO Mr Duncan Wanblad said “This year has seen us focus on our immediate priorities of safety and restoring normal operational disciplines given the pandemic related disruptions of the last few years. In 2022, these have been added to by geopolitically-led economic volatility, and extreme weather and other localised disruptions at our operations.”Production down by 3% in 2022: Quellaveco copper ramp-up and strong diamond production, offset by ore grades in Chile and lower production from Kumba and PGMsCapex of USD 5.7 billion in 2022: lower due to supply chain disruptions, people availability and FXProduction expected to increase by 5% in 2023 as Quellaveco ramps upCapex forecast of USD 6.0 - 6.5 billion in 2023, including USD 0.8 billion for WoodsmithProduction expected to increase by 5% in 2024: led by copper, iron ore and steelmaking coalCapex forecast of USD 5.5 - 6.0 billion in 2024
Anglo American has provided an update on its performance during 2022 and capital expenditure and production guidance for the next three financial years. Anglo American CEO Mr Duncan Wanblad said “This year has seen us focus on our immediate priorities of safety and restoring normal operational disciplines given the pandemic related disruptions of the last few years. In 2022, these have been added to by geopolitically-led economic volatility, and extreme weather and other localised disruptions at our operations.”Production down by 3% in 2022: Quellaveco copper ramp-up and strong diamond production, offset by ore grades in Chile and lower production from Kumba and PGMsCapex of USD 5.7 billion in 2022: lower due to supply chain disruptions, people availability and FXProduction expected to increase by 5% in 2023 as Quellaveco ramps upCapex forecast of USD 6.0 - 6.5 billion in 2023, including USD 0.8 billion for WoodsmithProduction expected to increase by 5% in 2024: led by copper, iron ore and steelmaking coalCapex forecast of USD 5.5 - 6.0 billion in 2024