Anglo American 2Q20 production results
Published by Jessica Casey,
Editor
World Coal,
Mark Cutifani, Chief Executive of Anglo American, said: “Anglo American has shown resilience in addressing the challenges posed by COVID-19, acting quickly to help safeguard the lives and livelihoods of our workforce and host communities. Our comprehensive response supported the continuity of the majority of our operations during varying degrees of lockdown in different jurisdictions, albeit at reduced capacity in many cases. Continued strong performances from our Minas-Rio iron ore operation in Brazil and the Collahuasi copper operation in Chile helped mitigate our overall decrease in production to 18%, as we also addressed operational issues at our metallurgical coal and PGM operations. Building up from a production level of around 60% of total capacity in April, we continue to increase and had reached about 90% of production capacity by the end of June.
"Beyond the current business imperatives, we continue to ensure that our business is well positioned for the long term, including the nature of our portfolio evolution and societal responsibilities. During the quarter, we have confirmed our plans to work towards an exit from our remaining thermal coal operations in South Africa, in line with our overall trajectory towards later cycle products. And, benefiting from the ongoing transformation of our physical processes through our FutureSmart MiningTM programme, we set out our clear aim of achieving carbon neutrality across our operations by 2040 – an ambitious and important commitment for us as a business, for our employees and our diverse stakeholders."
2Q20 Highlights
- Minas-Rio in Brazil continued its strong operational performance, with 6.2 million t of high quality iron ore production, reflecting ongoing P101 productivity improvements.
- Collahuasi in Chile increased copper production by 38% due to strong performance.
- Metallurgical coal production decreased by 32% to 4 million t due to two incidents underground, at Moranbah and Grosvenor, as well as longwall moves at Grosvenor and Grasstree.
- COVID-19 lockdowns across southern Africa affected De Beers, PGMs, Kumba and Thermal Coal, with lower refined PGMs production due to the repairs and ramp-up of the ACP.
Read the article online at: https://www.worldcoal.com/mining/16072020/anglo-american-2q20-production-results/
You might also like
Stanmore Resources to acquire remaining interest in Eagle Downs
Stanmore Resources has acquired Aquila’s interest in the Eagle Downs metallurgical coal project, as well as the Eagle Downs South metallurgical coal tenements and associated assets.