Anglo American 3Q Production Rose 2% Driven by Iron Ore, Diamonds

By Jaime Llinares Taboada

Anglo American PLC said Thursday that its third-quarter production increased 2%, and narrowed guidance for diamonds, copper and iron ore to the lower end of the range.

The miner produced 16.9 million metric tons of iron ore in the three months through September, up 15% from a year earlier driven by the Minas-Rio operations in Brazil.

Copper output declined 6% to 157,000 tons due to planned maintenance at the Collahuasi mine in Chile.

Platinum group metals production was broadly flat at 1.12 million ounces.

In addition, production of diamonds jumped 28%, metallurgical coal output fell 11%, nickel was up 2% and manganese ore rose 7%.

"We are broadly on track to deliver our full year production guidance across all products, while taking the opportunity to tighten up the guidance for diamonds, copper and iron ore within our current range as we approach the end of the year," Chief Executive Mark Cutifani said.

Write to Jaime Llinares Taboada at [e-mail]; @JaimeLlinaresT

(END) Dow Jones Newswires

October 21, 2021 02:33 ET (06:33 GMT)

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