Wednesday , May 31 2023

Improved performance reflects our focus on safe and stable operational momentum-Anglo American

Anglo-American reported that its first-quarter production increased by 9% compared to the same period in 2022, driven by the ramp-up of copper production from the new Quellaveco mine in Peru. Copper production increased by 28%, reflecting the ramp-up of production from the Quellaveco mine, while production from operations in Chile decreased by 15%, primarily due to planned lower grades at both Los Bronces and Collahuasi. Steelmaking coal production increased by 59%. Iron ore production rose by 15%, while Nickel production increased by 4%.

“This improved performance reflects our focus on safe and stable operational momentum through the seasonally slower first quarter of the year which also coincides with the wet season in much of the southern hemisphere,” Duncan Wanblad, Chief Executive of Anglo-American, said.

The company stated that its 2023 production and unit cost guidance is unchanged across all business units.

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