Anglo American: Kumba Iron Ore Production Down 12% Amidst Plant Maintenance
The Anglo American Kumba iron ore production for Q1 CY19 witnessed at 9.5 MnT, down 12% as against Q1 CY18 production at 10.8 MnT. On quarterly basis too, the production dropped 6% as against Q4 CY18 at 10.2 MnT. The production was on lower side due to unplanned plant maintenance at Sishen and Kolomela mine.
Kumba iron ore exports up 2%; domestic sales down 16% in Q1 CY19
• The Kumba iron ore exports in Q1 CY'19 increased to 10.1 MnT as against 9.95 MnT in Q1 CY18 amid rising demand for premium quality lump products.
• The Kumba iron ore domestic sales dropped 16% to 0.75 MnT against 0.89 MnT in Q1 CY18.
Minas-Rio mine production up 61% in Q1 CY19 amid ramp-up projects
Minas Rio mines, pellet production for the quarter witnessed at 4.9 MnT, up 61% against 3.05 MnT in Q1 CY18 amid progression of ramp-up projects.
The production in Q1 CY19 picked up against 0.2 Mnt in last quarter due to operation resumption at mine in Dec’18. The production at mine was suspended in Mar’18 following discovery of two leakage in iron ore pipeline from mine to Acu port.
Minas Rio pellet sales up 39% in Q1 CY19
Minas Rio pellet sales recorded at 4.03 MnT in Q1 CY19, up 39% as compared to 2.9 MnT in Q1 CY18. The pellet sales picked up in Q1 CY19 after being nil for H2 CY18.
Anglo American: 2019 Guidance
• The 2019 production guidance for Kumba iron ore mine remain intact at 43-44 MnT
• Minas Rio pellet production guidance for 2019 remains firm at 18-20 MnT (wet MT basis).
source: SteelMint
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