Trade Resources Industry Trends Anglo American Corporation Announces Its Production Results for The Third Quarter

Anglo American Corporation Announces Its Production Results for The Third Quarter

UK-based mining giant Anglo American Corporation has announced its production results for the third quarter of the current calendar year.

In the third quarter, the iron ore production from Kumba Iron Ore decreased by 24 percent year on year to 9.5 million metric tons following weaker production at its Sishen mine which was partially offset by a strong performance at Kolomela mine.

In the meantime, Anglo American's export metallurgical coal production increased by nine percent year on year in the third quarter of this year to a record 4.9 million mt due to continued longwall performance improvements which more than offset the planned closure at Aquila.

Nickel production of Anglo American increased by seven percent as compared to the corresponding period of last year to 9,600 mt, with higher production at Barro Alto more than offsetting the permanent cessation of production at Loma de Níquel. Production at Barro Alto increased by 51 percent to 7,100 tonnes.

Source: http://www.steelorbis.com/steel-news/latest-news/anglo-american-sees-24-percent-drop-in-iron-ore-output-in-q3-789649.htm
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Anglo American Sees 24 Percent Drop in Iron Ore Output in Q3
Topics: Metallurgy