Anglo American ramps up 2Q iron ore, coking coal output
UK-South African mining firm Anglo American increased coking coal production in the second quarter after completing longwall moves. Its global iron ore output continued to rise following a restart at the Minas-Rio mine in Brazil.
Anglo produced 5.8mn t of metallurgical coal for export from Australia in April-June, up by 41pc from the first quarter and by 11pc from a year earlier. This comprised 4.96mn t of hard coking coal and 884,900t of pulverized coal injection and semi-soft coking coal.
Anglo completed longwall moves at its Moranbah and Grasstree mines in Queensland in the first quarter. The extended 15-week longwall move at Moranbah is intended to shorten another move later this year.
The company kept its full-year met coal production guidance unchanged at 22mn-24mn t.
Anglo's global iron ore production rose by 7.1pc from a year earlier to 16.4mn in the second quarter. This comprised 10.5mn t from its Kumba division in South Africa and 5.9mn t from its Minas-Rio mine.
Production at Minas-Rio was suspended for most of last year because of a slurry pipeline leak, but the company was able to undertake optimisation work in the meantime. The mine is one of the world's largest sources of high-grade iron ore concentrate.
But output from Kumba fell from 11.6mn t in April-June last year because of unscheduled plant maintenance at its Sishen and Kolomela sites and poor weather conditions, the company said.
Anglo revised its full-year iron ore production guidance for Kumba lower to 42mn-43mn t from 43mn-44mn t previously. Production guidance for Minas-Rio has been increased to 19mn-21mn t from 18mn-20mn t after the mine's strong performance in the first half of the year.
source: Argus Media
Top News
Five last month
Two last year
US Energy Dept finalizes $2.26bn loan for Lithium Americas’ Nevada mine
Abandoned copper mines embraced as fast track to boost output
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Mercuria eyes equity in African assets, new metals boss says
Glencore posts lower metals output for first nine months, reiterates outlook
Gold price surge adds glitter to tarnished miners
Traders see gold as a surefire bet as coin-toss election looms
Anglo American sells Australian coal JV stake for $1.1 billion
Gold price shows little reaction to jobs data
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
Liberty Gold advances Black Pine project permitting
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years