Anglo American’s production rose by 20% in the second quarter, helped by higher output of platinum and diamonds, the miner said on Tuesday, despite operations running at 95% of full capacity because of COVID-19 disruptions.
Rough diamond production rose by 134% compared to the same period last year as consumer demand recovered, while platinum group metals production at South African unit Anglo American Platinum increased by 59% to 1.06 million ounces.
Copper output rose by 2% to 170,000 tonnes on higher production at Anglo’s largest mine in Chile, Los Bronces.
Anglo expects copper output to reach between 650,000 tonnes and 680,000 tonnes this year. That compares with previous guidance of 640,000 to 680,000 tonnes.
Diamonds and platinum sparkle in Anglo American’s Q2 production
- by: Reuters Staff
- July 20, 2021
- Source:
DYNAMIC WEALTH RESEARCH
- 10/27/2022
