UK-based mining giant Anglo American has announced its production results for the first quarter this year.
The company produced 15.07 million mt of iron ore in the first quarter, increasing by 14.5 percent compared to the same quarter of the previous year and down by 3.9 percent compared to the fourth quarter last year.
In the given quarter, the company’s iron ore production at Kumba increased by 13.6 percent year on year to 9.42 million mt, reflecting improved the operational performance. In the given period, production at Sishen was 6.3 million mt, while production at Kolomela was 3.1 million mt. In the first quarter, total iron ore sales from the Kumba mine increased by two percent year on year to 9.5 million mt, despite the ongoing weak logistics performance.
Regarding its Brazilian iron ore project Minas Rio, Anglo American said that its iron ore output amounted to 5.65 million mt in the first quarter, up 16 percent year on year, driven by the improved mining performance.
Besides, Anglo American’s metallurgical coal production amounted to 3.53 million mt in the first quarter, rising by 59 percent year on year, due to the restart of Grosvenor mine and the commissioning of Aquila mine.
Anglo American’s iron ore production guidance for 2023 is unchanged at 57-61 million mt, while its metallurgical coal production guidance at 16-19 million mt.