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Name | Symbol | Market | Type |
---|---|---|---|
Anglo American PLC (QX) | USOTC:NGLOY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.07 | 6.54% | 17.44 | 17.31 | 17.50 | 17.60 | 16.43 | 16.51 | 381,709 | 21:00:01 |
By Jaime Llinares Taboada
Anglo American PLC on Tuesday reported higher copper, iron-ore and platinum group metals production for the second quarter, as operations benefited from the lower impact of Covid-19 lockdowns compared with the same period of 2020.
The miner produced 15.7 million metric tons of iron ore in the three months to June, up 6% from a year earlier.
Copper output increased 2% to 170,000 tons due to strong plant performance at Los Bronces in Chile.
Platinum group metals production surged 59% to 1.06 million ounces driven by higher Mogalakwena production in South Africa and lower restrictions.
Diamonds production more than doubled, metallurgical coal output was down 25% and thermal coal production slipped 1%. Nickel output fell 2% and manganese ore production increased 18%.
"We have generally maintained operating levels at approximately 95% of normal capacity and, as a consequence, production increased by 20% compared to Q2 of last year," Chief Executive Mark Cutifani said.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT
(END) Dow Jones Newswires
July 20, 2021 02:42 ET (06:42 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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