Anglo American output rises in all areas except platinum


Anglo American (AAUKF, AAUKY) reports higher Q1 production compared with the year-ago quarter, with the exception of platinum which has suffered from protracted strikes.

Anglo says iron ore output rose 10% to 11.3M metric tons due to solid performances from its two South African iron ore mines.

Copper production rose 18% to 202K tons, helped by higher copper grades at the Los Bronces and Collahuasi mines in Chile.

Coal output gained 7.5% to 23.9M tons, helped by improved production from its Colombian Cerrejon mine which suffered from strikes in the year-ago period.

Diamond production at its De Beers unit rose 18% to 7.5M carats.

Platinum production at its majority-owned Anglo American Platinum (AGPPY, AGPPF) fell 39% to 357K equiv. oz.

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