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Anglo American PLC (AAL.LN) said Thursday that total production in the second quarter of 2018 grew by 6% in copper equivalent, excluding the impact of activities suspended at its operations of Minas-Rio iron ore in Brazil. 19659002] Iron ore production from its Kumba operations in South Africa reached 11.6 million tonnes, an increase of 12% to 158,000 tonnes in the quarter ended June 30. of 11.4 million tonnes in the period of the previous year. However, Anglo American has reduced its forecast for an entire year from 43 to 44 million tons, down from 44 to 45 million tons previously, in order to align production rates with rail availability
. increased by 3% to 9 million carats and forecasts for the year remain unchanged at 34 million-36 million carats of diamonds.
The majority-owned platinum producer of the company, Anglo American Platinum Ltd. (AMS.JO), said that during the quarter, platinum and palladium stagnated at 619,600 ounces and 406,000 ounces respectively.
Anglo American Platinum announced that after a strong quarter, it had increased its platinum production forecast to 2.40 million-2.45 million ounces. Total production of platinum group metals for the year was also increased between 4.85 million and 5.10 million ounces
Anglo American also said that the inspection work pipelines in Minas-Rio were on track and a 4-kilometer pipeline section where leaks have occurred will be replaced. The replacement should be completed in the fourth quarter.
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