Anglo American with excellent third quarter performance

Diversified Mining Focused on Improving Efficiency and Productivity in the United States The company's entire business is reflected in another strong quarter, with volumes for the third quarter up 1% year-on-year, said Mark Cutifani Tuesday, Anglo CE.

"The output per employee has increased by 5% (to date this year) compared to (2017), that we maintain a relentless discipline on controllable costs.

" The strong operational performance of our badets from copper resulted in a 17% increase in production, more than offsetting the anticipated decline in volumes at De Beers and the impact of rail infrastructure restrictions at Kumba (iron ore) in the first half of the year. year. "

Copper production increased 17% to 171,800 t in the third quarter, reflecting strong performances in all operations and in the highest planned grades. [19659006] Los Bronces production increased by 23% to 95,800 t due to continued good mine and mill performance, significantly below normal snowfall in winter and higher expected grades [19659006] At Collahuasi, attributable production increased by 5% to 61,500t, reflecting higher ratings. Production at the El Soldado mine increased by 33% to 14,500 t, thanks to the combination of exceptional mine and mill performance and the highest grades expected.

The three mines are all located in Chile. [19659006] The year-round Anglo Copper Production Guide remains unchanged at between 630,000 and 660,000 t

Iron Ore

Minas-Rio de Anglo Mine in Brazil Produced no iron ore during the third quarter, due to the suspension of operations after two leaks in the iron ore sludge pipeline in March

Anglo says that the inspection works of the pipeline is underway, as well as preventive replacement

The inspection and replacement work is expected to be completed in the fourth quarter of this year, and the resumption of operations is subject to the required authorization. (19659003) "The impact of the anticipated pipeline incident gains relative to the guidance provided above remains unchanged, with a 2018 loss of $ 300 to $ 400 million in earnings before interest, taxes and other income. depreciation and amortization. "

The year-round production guide for Kumba, South Africa, remains between 43 million and 44 million tons, while the Minas-Río guide remains unchanged. three million tonnes, reflecting production delivered before pipeline leaks.

Coal

Anglo's Australian metallurgical coal output decreased by 3% to 5.4 million tonnes, with the gradual increase in Grosvenor offset. by a movement of long walls at Moranbah, as well as by the difficult geological conditions at Grbadtree and by the drop in production at Dawson.

Total Coal Export Production t The increase in Anglo production increased by 13% to 7.7 million tonnes, reflecting a strong operational improvement in coal badets. # 39; Anglo.

Thermal coal Thermal coal production in South Africa increased by 16%. 5.1 million tonnes, after operational improvements.

South Africa's domestic thermal coal production decreased 68% to 2.7 million tonnes due to the finalization of the sale of the state-related activities. Eskom at Seriti Resources on March 1st

Meanwhile, Thermal Coal Colombia recorded a 6% increase in attributable output of Cerrejón thermal coal exports, which reached 2.7 million tonnes.

The production guide for metallurgical coal for the entire year remains unchanged from 20 million to 22 million tons, while the production guide for thermal coal intended for the 39 Export for the whole year remains unchanged. ambios since the second quarter revision of 28 million tons to 30 million tons.

Nickel

Anglo's nickel production increased by 3% to 11,500 t, thanks to greater stability resulting from operational improvements to Barro Alto, Brazil, in 2018. [19659006] The production guide for the whole year remains unchanged, from 42,000 to 44,000 t

Manganese

Manganese ore production increased by 6% A quarterly production record to reach 887,600 t.

The production of manganese alloys decreased by 7% to 34,800t due to the planned shutdown of kiln maintenance during the quarter.

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