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AAL Anglo American Plc

2,356.50
-21.50 (-0.90%)
28 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Anglo American Plc LSE:AAL London Ordinary Share GB00B1XZS820 ORD USD0.54945
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -21.50 -0.90% 2,356.50 2,352.50 2,354.00 2,412.50 2,342.50 2,350.50 1,636,750 16:35:11
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 30.84B 283M 0.2116 111.20 31.81B

Anglo American PLC Q3 2012 Production report (4828P)

25/10/2012 7:00am

UK Regulatory


TIDMAAL

RNS Number : 4828P

Anglo American PLC

25 October 2012

 
25 October 2012 
Anglo American plc 
 Production Report for the third quarter ended 30 September 
 2012 
 

Overview

-- Solid operational performance with production increases across five of the seven commodities

-- Kumba Iron Ore production increased by 14% to a record 12.5 million tonnes, driven by faster than planned ramp up of Kolomela mine. Kolomela is expected to produce at least 7 million tonnes in 2012

   --       Export metallurgical coal production increased by 12% to 4.5 million tonnes 
   --       Export thermal coal production from South Africa increased by 10% to 4.6 million tonnes 

-- Copper production(1) increased by 12% to 157,300 tonnes, reflecting the full ramp up of the Los Bronces expansion project

-- Nickel production(2) increased by 38% to 9,000 tonnes, with production from Barro Alto offsetting the lack of production from Loma de Níquel in Venezuela

-- Refined platinum production of 649,000 ounces was flat, while equivalent refined platinum production decreased by 6% to 626,300 ounces. Production and costs were adversely impacted by illegal industrial action which caused production loss of 42,000 ounces of equivalent refined platinum in the quarter

-- Diamond production decreased by 31% to 6.4 million carats, largely in response to market conditions and the Jwaneng slope failure

-- On 16 August 2012, Anglo American completed the acquisition of a 40% shareholding in De Beers from CHL Holdings Limited for a cash consideration of $5.2 billion

-- On 24 August 2012, Anglo American completed the sale of a 25.4% shareholding in Anglo American Sur to a Codelco and Mitsui joint venture company for a cash consideration of $2.0 billion

-- During the quarter, Anglo American issued corporate bonds with a US dollar equivalent value of $2.3 billion in the US and European markets

The Interim Management Statement for the third quarter ended 30 September 2012 is unaudited. Preliminary Results for the full year to 31 December 2012 will be announced on

15 February 2013. This report forms Anglo American plc's Interim Management Statement for the purpose of the UK Listing Authority's Disclosure and Transparency Rules.

   (1)              Copper production from the Copper business unit 
   (2)              Nickel production from the Nickel business unit 

IRON ORE & MANGANESE

 
 Iron Ore and Manganese        Q3       Q3     Q3 2012     Q2     Q3 2012     YTD      YTD    YTD 2012 
                               2012     2011      vs.      2012      vs.      2012     2011      vs. 
                                                Q3 2011            Q2 2012                     YTD 2011 
                        000 
 Iron ore                 t   12,497   10,953       14%   11,449        9%   34,053   30,107        13% 
                        000 
 Manganese ore            t      858      808        6%      826        4%    2,501    2,065        21% 
                        000 
 Manganese alloys         t       52       78     (33%)       30       72%      137      223      (38%) 
--------------------  -----  -------  -------  --------  -------  --------  -------  -------  --------- 
 

Iron Ore - Record quarterly Kumba Iron Ore production of 12.5 Mt was achieved, owing to faster than planned ramp up of Kolomela mine. Kolomela's production of 2.5 Mt was 44% higher than Q2 2012, with the mine reaching design capacity in July 2012, ahead of schedule. The mine is expected to produce at least 7 Mt in 2012, with full production of 9 Mtpa in 2013.

Production from Sishen mine of 9.8 Mt declined by 7%, as mining feedstock and quality constraints continued to impact plant throughput. However, an improvement plan has been implemented and, as a result, production increased by 0.3 Mt quarter on quarter.

In October 2012, Sishen mine's production was affected by an illegal strike. The strike started on 3 October, with production suspended on 4 October when striking miners blocked access to the pit, creating an unsafe environment for mining operations. The strikers were removed from the mine on 16 October and management regained possession of all the heavy mining equipment from the strikers. Following the removal of the strikers from the mine, production is being ramped up. As at 24 October, Sishen mine had lost approximately 2.2 Mt of finished product from the strike.

The Minas-Rio iron ore project is progressing and, during the quarter, two legal stoppages were lifted, allowing important activities to continue at the beneficiation plant site. If all the current impediments are cleared by the end of 2012 and there are no major unexpected interventions, it is anticipated that first ore on ship will be delivered in the second half of 2014. Capital expenditure for the completion of this project was expected to be approximately $5.8 billion, however the quantum of a further increase is currently under review.

Manganese Ore - Consistently strong operating performance and improved plant availability at GEMCO (Australia) contributed to record ore production in the quarter - a 6% increase to 858,000 tonnes.

Manganese Alloys - The resumption of production at TEMCO (Australia) in July 2012 led to a substantial increase in alloy production quarter on quarter to 52,000 tonnes. The year to date decline in alloy production reflected the permanent closure of energy-intensive silico-manganese production at Metalloys (South Africa) in January 2012.

METALLURGICAL COAL

 
 Metallurgical                    Q3      Q3    Q3 2012     Q2    Q3 2012     YTD      YTD    YTD 2012 
  Coal 
                                 2012    2011      vs.     2012      vs.      2012     2011      vs. 
                                                 Q3 2011           Q2 2012                     YTD 2011 
                           000 
 Export metallurgical        t   4,496   4,015       12%   4,846      (7%)   13,084   10,129        29% 
                           000 
 Thermal                     t   3,399   3,978     (15%)   3,286        3%    9,256   10,068       (8%) 
----------------------  ------  ------  ------  --------  ------  --------  -------  -------  --------- 
 

Metallurgical Coal - Production of metallurgical coal increased by 12% to 4.5 Mt. This was driven by productivity improvements and the timing of longwall moves (one move in the quarter versus two moves in Q3 2011) in Australia, and a 59% increase in production from Peace River in Canada. Production was 7% lower quarter on quarter due to the scheduled longwall move at Grasstree mine in Australia.

Thermal coal production decreased by 15% to 3.4 Mt in response to weaker market conditions.

The brownfield Grosvenor metallurgical coal project in Queensland, Australia is progressing in line with current plan. Engineering is 60% complete, earthworks on site commenced in July and drift construction began in October.

THERMAL COAL

 
 Thermal Coal              Q3      Q3    Q3 2012     Q2    Q3 2012     YTD      YTD    YTD 2012 
                          2012    2011      vs.     2012      vs.      2012     2011      vs. 
                                          Q3 2011           Q2 2012                     YTD 2011 
RSA export          000 
 thermal              t   4,555   4,146       10%   4,224        8%   12,473   12,091         3% 
Colombia export     000 
 thermal              t   2,829   2,852      (1%)   3,105      (9%)    8,887    7,999        11% 
RSA domestic        000 
 - Eskom              t   9,057   8,751        3%   8,326        9%   25,146   25,809       (3%) 
RSA domestic        000 
 - other              t   1,531   1,129       36%   1,577      (3%)    4,699    3,690        27% 
----------------  -----  ------  ------  --------  ------  --------  -------  -------  --------- 
 

Thermal Coal - Export thermal coal production in South Africa increased by 10% to 4.6 Mt due to the ramp-up of Zibulo and the industrial action that affected operations in Q3 2011. This was partly offset by the planned closure of high-cost sections at Goedehoop and Greenside, as well as a pit closure at Kleinkopje. Cerrejón production was in line, despite the rescheduling of the annual shiploader maintenance carried out in the quarter.

COPPER

 
 Copper                 Q3       Q3     Q3 2012     Q2     Q3 2012     YTD      YTD    YTD 2012 
                        2012     2011      vs.      2012      vs.      2012     2011      vs. 
                                         Q3 2011            Q2 2012                     YTD 2011 
 Copper         t     157,300  139,900       12%  161,100      (2%)  486,800  429,000        13% 
-----------  -------  -------  -------  --------  -------  --------  -------  -------  --------- 
 
 

Copper - Production increased by 12% to 157,300 tonnes. Los Bronces production was 84% higher, despite continued lower ore grades and recoveries, with the Los Bronces expansion project contributing 48,900 tonnes. The new processing plant continues to ramp up and achieved design throughput capacity in August and September 2012. Production at Los Bronces is expected to continue to be impacted by higher waste stripping and lower ore grades.

Production at Collahuasi decreased by 40%. Output had been expected to decrease as a consequence of planned lower ore grades from current phases in the mine plan, but this was compounded by a combination of lower recoveries, an extended ball mill outage and a number of other plant reliability challenges. The joint shareholder intervention initiated in July 2012 to address these issues is expected to start delivering improvements from Q4 2012 onwards.

NICKEL

 
 Nickel                  Q3      Q3    Q3 2012     Q2     Q3 2012     YTD      YTD    YTD 2012 
                        2012    2011      vs.      2012      vs.      2012     2011      vs. 
                                        Q3 2011            Q2 2012                     YTD 2011 
 Nickel            t    9,000   6,500       38%   10,900     (17%)   31,900   19,200        66% 
-----------  --------  ------  ------  --------  -------  --------  -------  -------  --------- 
 
 

Nickel - Production increased by 38% to 9,000 tonnes due to the ramp-up of Barro Alto, partially offset by lower production at Loma de Níquel, which stopped production in September 2012.

Barro Alto delivered 4,700 tonnes in the quarter and 16,700 tonnes year to date. Production in the quarter was impacted by the planned shut-down of both kilns. On 15 October, Kiln 1's electric furnace experienced a sidewall collapse, which will impact the production outlook. Barro Alto remains in ramp-up phase and earnings therefore are capitalised.

Loma de Níquel's three remaining concessions (after cancellation of 13 other concessions) are due to expire on 10 November 2012 and, if there is no development in this situation in the coming weeks, then there will be no further production contribution from this operation. Anglo American is continuing to engage with stakeholders in Venezuela.

PLATINUM

 
 Platinum              Q3      Q3       Q3      Q2       Q3      YTD      YTD      YTD 
                                       2012             2012                       2012 
                       2012    2011     vs.     2012     vs.     2012     2011      vs. 
                                        Q3               Q2                         YTD 
                                        2011             2012                       2011 
 Refined 
                000 
 Platinum        oz     649     647        -     623       4%    1,675    1,820     (8%) 
                000 
 Palladium       oz     392     376       4%     356      10%      983    1,038     (5%) 
                000 
 Rhodium         oz      91      75      20%      75      21%      220      241     (9%) 
 Copper           t   2,700   3,100    (13%)   3,300    (18%)    8,900    9,900    (10%) 
 Nickel           t   3,700   4,900    (24%)   5,400    (31%)   13,800   15,200     (9%) 
                000 
 Gold            oz      39      17     125%      24      60%       87       77      12% 
 Equivalent 
                000 
 Platinum        oz     626     667     (6%)     584       7%    1,803    1,827     (1%) 
------------  -----  ------  ------  -------  ------  -------  -------  -------  ------- 
 

Platinum - Equivalent refined platinum production decreased by 6% owing to lower production at Union North and South, Mogalakwena, Tumela and Siphumelele mines. Production at Union North and South mines declined by 23% and 26% respectively due to lower grades caused by a decline in Merensky ore mined, a fall of ground and a shortage of stopeable face. Mogalakwena production was lower as a result of the breakdown of the primary crusher at the North concentrator and lower head grade.

Platinum production at Rustenburg (Bathopele, Khuseleka, Khomanani, Siphumelele and Thembelani mines) was 148,100 ounces for the quarter, a decrease of 0.3%, and up 2% quarter on quarter despite the loss of 42,000 ounces of platinum due to illegal strike action in July and September.

Anglo American Platinum has been experiencing illegal industrial strike action at its Rustenburg, Union and Amandelbult mining operations since 18 September 2012. This followed an initial safety suspension on 12 September. The strike was initially contained to the Rustenburg mining operations, but has since commenced at Union (North and South) and Amandelbult (Tumela and Dishaba) operations as of the first week of October.

As a result of the illegal industrial action and the initial safety suspension, equivalent refined platinum production losses, including from joint ventures and associates, amounted to 42,000 ounces in Q3 2012 and an additional 96,300 ounces from 1 to 24 October 2012. The production losses have also resulted in an additional 8% increase in unit costs for Q3 2012, due to the retained fixed cost base. The average loss of platinum production is 4,500 ounces per day (3,800 ounces for own mines). As a result, and dependent on the resolution of the illegal strike action, the expected refined platinum production for 2012 is reduced to between 2.2 and 2.4 million ounces. Given the retained fixed cost base, and as result of the reduction in production, the 2012 unit cost is expected to be R15,500 to R16,000 per equivalent refined platinum ounce. In line with the lower production levels and in light of continued adverse market conditions, planned total capital expenditure for 2012 has been reduced further to R6.5 billion.

Palladium, Rhodium and Nickel - Refined production of palladium and rhodium increased by 4% and 20% respectively, while nickel decreased by 24% due to technical challenges in the new tank house at the base metal refinery. Palladium and rhodium variances are a result of a different source mix from operations and different pipeline processing times for each metal.

DIAMONDS

 
 Diamonds                  Q3     Q3    Q3 2012    Q2    Q3 2012     YTD     YTD    YTD 2012 
                           2012   2011     vs.     2012     vs.      2012    2011      vs. 
                                         Q3 2011          Q2 2012                    YTD 2011 
 Diamonds     000 carats  6,375  9,305     (31%)  7,241     (12%)   19,824  24,839      (20%) 
----------  ------------  -----  -----  --------  -----  --------  -------  ------  --------- 
 
 

Diamonds - Production decreased by 31% to 6.4 million carats, largely in response to market conditions and the Jwaneng slope failure in June 2012 which temporarily prevented access to the main ore body. Market conditions reflect a combination of a softening in the polished diamond market and a credit constrained rough diamond market. The current operational focus is on maintenance, waste stripping and safety improvements, ensuring the mines are well positioned to respond to an increase in demand once market conditions improve.

OTHER MINERALS & INDUSTRIAL

 
  Other Mining and        Q3       Q3     Q3 2012     Q2     Q3 2012     YTD      YTD    YTD 2012 
   Industrial 
                          2012     2011      vs.      2012      vs.      2012     2011      vs. 
                                           Q3 2011            Q2 2012                     YTD 2011 
 Phosphates          t  292,300  284,500        3%  271,500        8%  810,700  786,000         3% 
 Niobium             t    1,100    1,100         -    1,200      (8%)    3,400    2,900        17% 
                   000 
 Amapá          t    1,530    1,230       25%    1,470        4%    4,570    3,550        29% 
----------------  ----  -------  -------  --------  -------  --------  -------  -------  --------- 
 

Phosphates - Production increased by 3% to 292,300 tonnes due to increased capacity of the plants through business improvements and change in product mix.

Niobium - Production was in line, though marginally lower than Q2 2012, owing to the lower quality of ore feed, which is expected to continue until the end of the year.

Amapá - Production increased by 25% to 1.5 Mt, primarily due to higher mass recovery in the beneficiation plant as a result of increased plant stability. Output was 4% higher than Q2 2012, principally driven by increased productivity following improved weather conditions from August 2012 onwards.

FINANCING

During the quarter, the Group issued corporate bonds with a US dollar equivalent value of $2.3 billion in the US and European markets. These comprised:

   --      $750 million 2.625% senior notes due 2017 
   --      $600 million 4.125% senior notes due 2022 

-- EUR750 million 2.500% guaranteed notes due 2018 issued under the Euro Medium Term Note (EMTN) programme

EXPLORATION & EVALUATION

Exploration and evaluation operating expenditure for the nine months ended 30 September 2012 was $526 million, 47% higher than the same period of 2011.

Exploration expenditure was $136 million for the nine months ended 30 September 2012 was 62% higher than the same period of 2011. Expenditure was primarily focused on opportunities in Australia, Brazil, Canada, Chile, Finland, Peru and several countries in Africa.

Evaluation expenditure was $390 million for the nine months ended 30 September 2012 reflected ongoing project and technical studies, particularly in the Metallurgical Coal, Copper and Iron Ore businesses. Metallurgical Coal expenditure was concentrated primarily at the Moranbah South and Grosvenor 2 brownfield projects in Australia. The Copper business' evaluation expenditure was focused on Michiquillay (Peru) and Pebble (Alaska) projects.

Anglo American recognises the longer term value of exploration and evaluation activities. However, in light of the current macro-economic environment and following recent successes, expenditure is being moderated in 2012 and 2013.

SIGNIFICANT TRANSACTIONS

On 16 August 2012, Anglo American completed the acquisition of a 40% shareholding in De Beers from CHL Holdings Limited (representing the Oppenheimer family interests), thereby increasing Anglo American's shareholding in De Beers to 85%. Under the terms of the November 2011 agreement between Anglo American and CHL, Anglo American paid a total cash consideration of $5.2 billion, comprising the agreed purchase price of $5.1 billion and a number of adjustments as provided for under the agreement.

On 24 August 2012, Anglo American completed the sale of a 25.4% shareholding in Anglo American Sur to a Codelco and Mitsui joint venture company controlled by Codelco for a combined total cash consideration of $2.0 billion.

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 
                 Q3 2012     Q2 2012     Q1 2012     Q4 2011     Q3 2011     Q3    Q3 2012      YTD         YTD        YTD 
                                                                            2012      vs.       2012        2011       2012 
                                                                             vs.    Q3 2011                             vs. 
                                                                             Q2                                         YTD 
                                                                            2012                                       2011 
Iron Ore & Manganese 
 segment (tonnes) 
Kumba Iron 
 Ore 
Lump             7,689,900   7,045,500   6,294,100   6,914,800   6,745,900     9%       14%  21,029,500  18,530,300       13% 
Fines            4,807,000   4,403,700   3,812,400   4,245,400   4,207,600     9%       14%  13,023,100  11,577,100       12% 
Total Kumba 
 production     12,496,900  11,449,200  10,106,500  11,160,200  10,953,500     9%       14%  34,052,600  30,107,400       13% 
Kumba Sales 
 volumes 
RSA export 
 iron ore        9,958,600  10,597,600  10,121,200   9,600,400   9,167,100   (6%)        9%  30,677,400  27,530,700       11% 
RSA domestic 
 iron ore        1,162,400   1,368,000   1,319,500   1,241,800   1,537,700  (15%)     (24%)   3,849,900   5,199,300     (26%) 
Samancor 
Manganese 
 ore (1)           858,400     826,400     816,200     722,500     807,600     4%        6%   2,501,000   2,065,000       21% 
Manganese 
 alloys (1) 
 (2)                52,000      30,200      55,000      78,000      77,600    72%     (33%)     137,000     223,000     (38%) 
Samancor 
 sales volumes 
Manganese 
 ore               702,400     883,200     794,400     691,600     782,000  (20%)     (10%)   2,380,000   2,255,000        6% 
Manganese 
 alloys             48,000      50,400      71,600      78,400      74,400   (5%)     (35%)     170,000     236,000     (28%) 
Metallurgical Coal 
 segment (tonnes) (3) 
Export coking 
 coal            3,095,300   3,234,300   2,145,000   2,702,900   2,761,800   (4%)       12%   8,474,600   7,523,800       13% 
Export PCI       1,400,400   1,611,300   1,598,000   1,357,700   1,253,200  (13%)       12%   4,609,700   2,605,300       77% 
Total export 
 metallurgical 
 (4)             4,495,700   4,845,600   3,743,000   4,060,600   4,015,000   (7%)       12%  13,084,300  10,129,100       29% 
Thermal          3,398,900   3,286,300   2,570,600   3,358,700   3,978,000     3%     (15%)   9,255,800  10,067,800      (8%) 
Weighted 
average 
achieved 
FOB prices 
(US$/t) 
Export 
 metallurgical         188         192         190         234         267   (2%)     (30%)         190         257     (26%) 
Export thermal          96          94         113         103          98     2%      (2%)         100         101         - 
Domestic 
 thermal                36          35          39          34          35     3%        3%          36          35        6% 
Sales volumes 
Export 
 metallurgical 
 (5)             4,096,800   4,651,500   3,950,700   4,010,900   3,720,500  (12%)       10%  12,699,000   9,972,100       27% 
Export thermal   1,776,300   1,525,400   1,222,100   1,849,900   1,877,500    16%      (5%)   4,523,800   4,424,500        2% 
Domestic 
 thermal         1,817,500   1,698,300   1,484,300   1,853,300   1,843,100     7%      (1%)   5,000,100   5,601,700     (11%) 
Production 
 by region: 
 Australia 
Export 
 metallurgical   4,072,700   4,490,900   3,510,100   3,805,000   3,749,300   (9%)        9%  12,073,700   9,448,300       28% 
Thermal          3,398,900   3,286,300   2,570,600   3,358,700   3,978,000     3%     (15%)   9,255,800  10,067,800      (8%) 
Total 
 Australia       7,471,600   7,777,200   6,080,700   7,163,700   7,727,300   (4%)      (3%)  21,329,500  19,516,100        9% 
Canada 
Export 
 Metallurgical     423,000     354,700     232,900     255,600     265,700    19%       59%   1,010,600     680,800       48% 
--------------  ----------  ----------  ----------  ----------  ----------  -----  --------  ----------  ----------  -------- 
 
 
                                                                                % Change                              % Change 
                 Q3 2012     Q2 2012     Q1 2012     Q4 2011     Q3 2011      Q3    Q3 2012      YTD         YTD        YTD 
                                                                             2012      vs.       2012        2011       2012 
                                                                             vs.     Q3 2011                             vs. 
                                                                              Q2                                         YTD 
                                                                             2012                                       2011 
Thermal Coal segment 
 (tonnes) (6) 
RSA export 
 thermal         4,555,300   4,223,500   3,694,200   4,455,900   4,145,500      8%       10%  12,473,000  12,090,600        3% 
Colombia 
 export 
 thermal         2,829,400   3,104,700   2,953,000   2,752,700   2,851,800    (9%)      (1%)   8,887,100   7,999,000       11% 
RSA domestic 
 - Eskom         9,056,900   8,326,200   7,762,700   9,487,000   8,751,400      9%        3%  25,145,800  25,809,000      (3%) 
RSA domestic 
 - other         1,530,500   1,560,900   1,533,200   1,390,100   1,052,900    (2%)       45%   4,624,600   3,451,500       34% 
RSA domestic 
 - 
 metallurgical           -      15,700      58,400      84,500      75,600  (100%)    (100%)      74,100     238,900     (69%) 
Weighted 
average 
achieved 
FOB prices 
(US$/t) 
RSA export 
 thermal                87          93         104         107         115    (6%)     (24%)          95         118     (19%) 
Colombia 
 export 
 thermal                86          90          95          98         103    (4%)     (17%)          90         102     (12%) 
RSA domestic 
 thermal                20          21          22          19          22    (5%)      (9%)          21          22      (5%) 
Sales volumes 
RSA export 
 thermal         4,400,800   3,720,100   4,518,700   5,146,400   4,605,000     18%      (4%)  12,639,600  11,385,700       11% 
Colombia 
 export 
 thermal         2,630,300   2,959,600   2,634,000   2,783,700   2,900,600   (11%)      (9%)   8,223,900   7,900,900        4% 
RSA domestic 
 thermal        10,468,500   9,909,500   9,447,500  10,842,600   9,901,600      6%        6%  29,825,500  29,293,800        2% 
Production 
 by region: 
 South Africa 
Export thermal   4,555,300   4,223,500   3,694,200   4,455,900   4,145,500      8%       10%  12,473,000  12,090,600        3% 
RSA domestic 
 - Eskom         9,056,900   8,326,200   7,762,700   9,487,000   8,751,400      9%        3%  25,145,800  25,809,000      (3%) 
RSA domestic 
 - other         1,530,500   1,560,900   1,533,200   1,390,100   1,052,900    (2%)       45%   4,624,600   3,451,500       34% 
RSA domestic 
 - 
 metallurgical           -      15,700      58,400      84,500      75,600  (100%)    (100%)      74,100     238,900     (69%) 
Total South 
 Africa         15,142,700  14,126,300  13,048,500  15,417,500  14,025,400      7%        8%  42,317,500  41,590,000        2% 
Colombia 
Export Thermal   2,829,400   3,104,700   2,953,000   2,752,700   2,851,800    (9%)      (1%)   8,887,100   7,999,000       11% 
Coal production by 
 commodity (tonnes) 
Metallurgical    4,495,700   4,861,300   3,801,400   4,145,100   4,090,600    (8%)       10%  13,158,400  10,368,000       27% 
Thermal excl. 
 RSA domestic   10,783,600  10,614,500   9,217,800  10,567,300  10,975,300      2%      (2%)  30,615,900  30,157,400        2% 
RSA domestic 
 thermal        10,587,400   9,887,100   9,295,900  10,877,100   9,804,300      7%        8%  29,770,400  29,260,500        2% 
--------------  ----------  ----------  ----------  ----------  ----------  ------  --------  ----------  ----------  -------- 
 
 
                                                                                         % Change                              % Change 
                 Q3 2012       Q2 2012        Q1 2012      Q4 2011       Q3 2011       Q3    Q3 2012      YTD         YTD        YTD 
                                                                                      2012      vs.       2012        2011       2012 
                                                                                       vs.    Q3 2011                             vs. 
                                                                                       Q2                                         YTD 
                                                                                      2012                                       2011 
Copper segment 
 (tonnes) (7) 
Collahuasi 
 total 
 production         62,900          68,700       76,700      114,500         104,300   (8%)     (40%)     208,300     338,800     (39%) 
Collahuasi 
 attributable 
 production 
 (8)                27,700          30,200       33,700       50,500          45,900   (8%)     (40%)      91,600     149,100     (39%) 
Avg sulphide 
 ore grade 
 (%)                   0.7             0.8          0.8          1.0             1.0  (13%)     (30%)         0.8         1.0     (20%) 
Los Bronces 
 mine (9)           87,200          89,800       93,200       72,600          47,400   (3%)       84%     270,200     149,200       81% 
Avg sulphide 
 ore grade 
 LB (%)                0.8             0.9          0.9          0.9             0.9  (11%)     (11%)         0.8         0.9     (11%) 
Avg sulphide 
 ore grade 
 LBDP (%)              0.8             0.8          0.9          0.7             n/a      -       n/a         0.8         n/a       n/a 
El Soldado 
 mine (9)           12,500          12,700       13,400       15,400          13,600   (2%)      (8%)      38,600      31,400       23% 
Avg sulphide 
 ore grade 
 (%)                   0.7             0.8          0.9          0.9             0.9  (13%)     (22%)         0.8         0.8         - 
Mantos 
 Blancos 
 mine               14,100          13,300       12,900       17,700          18,300     6%     (23%)      40,300      54,400     (26%) 
Avg sulphide 
 ore grade 
 (%)                   0.7             0.7          0.6          0.8             0.9      -     (22%)         0.7         1.0     (30%) 
Mantoverde 
 mine               15,800          15,100       15,200       13,800          14,700     5%        7%      46,100      44,900        3% 
Avg oxide 
 ore grade 
 (%)                   0.7             0.7          0.6          0.6             0.6      -       17%         0.6         0.6         - 
Total copper 
 production        192,500         199,600      211,400      234,000         198,300   (4%)      (3%)     603,500     618,700      (2%) 
Attributable 
 copper 
 production 
 (10)              157,300         161,100      168,400      170,000         139,900   (2%)       12%     486,800     429,000       13% 
Attributable 
 sales 
 volumes           150,200         160,200      155,200      177,000         154,000   (6%)      (2%)     465,600     431,300        8% 
Nickel segment 
 (tonnes) (11) 
Codemin              2,500           2,500        2,100        2,500           2,400      -        4%       7,100       6,900        3% 
Loma de 
 Niquel              1,800           3,000        3,300        3,300           3,000  (40%)     (40%)       8,100      10,100     (20%) 
Barro Alto           4,700           5,400        6,600        4,100           1,100  (13%)      327%      16,700       2,200      659% 
Total nickel 
 production          9,000          10,900       12,000        9,900           6,500  (17%)       38%      31,900      19,200       66% 
Sales volumes        7,600          12,600       10,800        6,400           7,000  (40%)        9%      31,000      19,100       62% 
Platinum 
 segment 
Refined 
production 
Platinum 
 (troy oz)         649,000         623,000      402,800      710,000         646,500     4%         -   1,674,800   1,820,100      (8%) 
Palladium 
 (troy oz)         392,100         355,500       35,000      392,700         376,000    10%        4%     982,600   1,038,000      (5%) 
Rhodium (troy 
 oz)                90,500          75,100       53,900       96,800          75,200    21%       20%     219,500     240,800      (9%) 
Copper 
 (tonnes)            2,700           3,300        2,900        2,900           3,100  (18%)     (13%)       8,900       9,900     (10%) 
Nickel 
 (tonnes)            3,700           5,400        4,700        5,100           4,900  (31%)     (24%)      13,800      15,200      (9%) 
Gold (troy 
 oz)                38,500          24,100       24,000       28,000          17,100    60%      125%      86,600      77,100       12% 
Equivalent 
 refined 
Platinum 
 (troy oz)         626,300         583,600       93,200      583,200         666,800     7%      (6%)   1,803,100   1,826,900      (1%) 
4E Built-up 
 head grade 
 (g/tonne 
 milled)              3.32            3.09         3.20         3.27            3.35     7%      (1%)        3.20        3.23      (1%) 
Diamonds segment (diamonds 
 recovered - carats) (12) 
Debswana         4,385,000       5,345,000    4,949,000    4,643,000       6,927,000  (18%)     (37%)  14,679,000  18,247,000     (20%) 
Namdeb             419,000         460,000      318,000      429,000         309,000   (9%)       36%   1,197,000     908,000       32% 
De Beers 
 Consolidated 
 Mines           1,247,000         964,000      674,000      913,000       1,732,000    29%     (28%)   2,885,000   4,530,000     (36%) 
De Beers 
 Canada            324,000         472,000      267,000      506,000         337,000  (31%)      (4%)   1,063,000   1,154,000      (8%) 
Total 
 diamonds 
 production      6,375,000       7,241,000    6,208,000    6,491,000       9,305,000  (12%)     (31%)  19,824,000  24,839,000     (20%) 
-------------  -----------  --------------  -----------  -----------  --------------  -----  --------  ----------  ----------  -------- 
 
 
                                                                          % Change                            % Change 
                 Q3 2012    Q2 2012    Q1 2012    Q4 2011    Q3 2011    Q3    Q3 2012      YTD        YTD       YTD 
                                                                       2012      vs.       2012       2011      2012 
                                                                        vs.    Q3 2011                           vs. 
                                                                        Q2                                       YTD 
                                                                       2012                                     2011 
Other Mining and Industrial 
 segment (tonnes) (13) 
Phosphates 
Copebrás     292,300    271,500    246,900    274,900    284,500     8%        3%    810,700    786,000        3% 
Niobium 
Catalão        1,100      1,200      1,100      1,000      1,100   (8%)         -      3,400      2,900       17% 
Amapá 
 (14) 
Sinter feed       519,300    536,700    508,000    404,900    354,500   (3%)       46%  1,564,000    996,100       57% 
Pellet feed       607,800    514,800    560,300    495,300    514,000    18%       18%  1,682,900  1,453,000       16% 
Spiral 
 concentrates     407,200    416,500    503,700    366,900    360,900   (2%)       13%  1,327,400  1,105,300       20% 
Total 
 Amapá 
 production     1,534,300  1,468,000  1,572,000  1,267,100  1,229,400     5%       25%  4,574,300  3.554.400       29% 
Amapá 
 sales volumes  1,422,700  1,278,800  1,443,500  1,374,000  1,452,000    11%      (2%)  4,145,000  3,425,400       21% 
--------------  ---------  ---------  ---------  ---------  ---------  -----  --------  ---------  ---------  -------- 
 
   (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 nine months ended 30 September 2012 (Q3 2011: 701,700 (export) and 276,400 (domestic) tonnes)

   (7)              Excludes Platinum 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 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                          UK 
  James Wyatt-Tilby           Leng Lau 
  Tel: +44 (0)20 7968 8759    Tel: +44 (0)20 7968 8540 
                             Caroline Crampton 
                              Tel: +44 (0)20 7968 2192 
                             Sarah McNally 
                              Tel: +44 (0)20 7968 8747 
 

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

This information is provided by RNS

The company news service from the London Stock Exchange

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