21 April 2016
Anglo American plc
Production Report for the first quarter ended 31 March 2016
Overview
|
Q1 2016 |
Q1 2015 |
% vs. Q1 2015 |
Diamonds (Mct)(1) |
6.9 |
7.7 |
(10)% |
Platinum (produced ounces) (koz)(2) |
567 |
544 |
4% |
Copper (t)(3) (4) (5) |
146,500 |
146,800 |
- |
Nickel (t)(6) |
11,200 |
6,700 |
67% |
Iron ore - Kumba (Mt) |
8.9 |
12.2 |
(27)% |
Iron ore - Minas-Rio (Mt)(7) |
3.3 |
1.2 |
185% |
Export metallurgical coal (Mt) |
4.5 |
5.0 |
(9)% |
Export thermal coal (Mt) |
7.7 |
8.7 |
(13)% |
Mark Cutifani, Anglo American Chief Executive, said "The Q1 2016 operating results are in line with the equivalent period of 2015 on a copper equivalent basis(8) and reflect the major restructuring programme under way and our ongoing efficiency and cost reduction strategy. They also demonstrate the market discipline we continue to show in our key markets, particularly diamonds and platinum, and are consistent with our restructuring plans as we focus on lower cost and higher margin assets. We are encouraged that the actions we have taken in diamonds are continuing to have a positive effect, while operational productivity continues on an upward trajectory. As a consequence of our solid progress, our production guidance for 2016 remains unchanged."
· Diamond production decreased by 10% to 6.9 million carats, reflecting the decision to reduce production in response to trading conditions in 2015.
· Platinum production (expressed as metal in concentrate)(2) increased by 4% to 567,000 ounces driven primarily by increases at Amandelbult and Mogalakwena. Refined platinum production decreased by 52% due to a planned stocktake and a Section 54 safety stoppage at the Precious Metals Refinery (PMR) for 12 days.
· Copper production from the retained operations (excluding the AA Norte assets that were sold effective 1 September 2015) was in line with Q1 2015. Overall production decreased by 15%.
· Nickel production increased by 67% to 11,200 tonnes following the successful completion of the Barro Alto furnace rebuilds.
· Iron ore production from Kumba decreased by 27% to 8.9 million tonnes as Sishen is being transitioned to a lower cost pit configuration.
· Iron ore production from Minas-Rio increased to 3.3 million tonnes (wet basis) as the operation continues to ramp-up. Production increased by 3% vs. Q4 2015.
· Export metallurgical coal production decreased by 9% to 4.5 million tonnes due to planned longwall moves taking place at both Moranbah and Grasstree, partially offset by improved operational performance at Dawson and development coal production at Grosvenor.
· Export thermal coal production decreased by 13% to 7.7 million tonnes due to planned production cuts at Cerrejón as a result of market conditions and a change in mix at Landau to higher margin domestic sales.
(1) De Beers production on 100% basis; (2) In keeping with industry benchmarks, production disclosure has been amended to reflect own mine production and purchases of metal in concentrate. Previous disclosure of own mine production and purchases of metal in concentrate was converted to equivalent refined production using standard smelting and refining recoveries; (3) Copper production from the Copper business unit; (4) Copper production shown on a contained metal basis; (5) Q1 2015 Copper production normalised for the sale of Anglo Norte. (6) Nickel production from the Nickel business unit; (7) Wet basis; (8) Copper equivalent production is normalised for the sale of Anglo American Norte and the Kimberly mine, and to reflect Snap Lake being placed on care and maintenance.
DE BEERS
Diamonds (100% basis) |
Q1 2016 |
Q1 2015 |
Q1 2016 vs. Q1 2015 |
Q4 2015 |
Q1 2016 vs. Q4 2015 |
Diamonds |
000 carats |
6,866 |
7,665 |
(10)% |
7,052 |
(3)% |
| |
|
|
|
|
|
|
De Beers - Diamond production decreased by 10% to 6.9 million carats, reflecting the decision to reduce production in response to trading conditions in 2015.
At Debswana (Botswana), production decreased by 5% to 5.3 million carats as a result of the strategy to align production to trading conditions. There was lower production at Orapa, partially offset by an increase in production at Jwaneng. Damtshaa (a satellite operation of Orapa) was placed on care and maintenance from 1 January 2016.
Production at DBCM (South Africa) decreased by 12% to 0.9 million carats mainly due to the completion of the sale of Kimberley mines to Ekapa Minerals, as announced on 21 January 2016.
Production at Namdeb Holdings (Namibia) decreased by 4% to 0.4 million carats due to reduced grade at Namdeb.
Production in Canada decreased by 68% to 0.2 million carats due to Snap Lake being placed on care and maintenance in December 2015.
Consolidated rough diamond sales of 7.6 million carats in Sights 1 and 2 of 2016 reflected an improvement in trading conditions relative to H2 2015. Sales volumes were 10% lower than in Q1 2015, however this was due to the number of Sights in the respective periods: 2 Sights in Q1 2016 vs. 3 Sights in Q1 2015.
Full Year Guidance
Full year production guidance (on a 100% basis) remains unchanged at 26 - 28 million carats, subject to trading conditions.
PLATINUM
Platinum |
|
Q1 2016 |
Q1 2015 |
Q1 2016 vs. Q1 2015 |
Q4 2015 |
Q1 2016 vs. Q4 2015 |
Refined |
|
|
|
|
|
|
Platinum |
000 oz |
261 |
542 |
(52)% |
745 |
(65)% |
Palladium |
000 oz |
182 |
348 |
(48)% |
468 |
(61)% |
Rhodium |
000 oz |
48 |
65 |
(27)% |
86 |
(44)% |
Copper - Refined |
t |
3,300 |
3,900 |
(15)% |
4,700 |
(30)% |
Copper - Matte(1) |
t |
- |
300 |
(100)% |
- |
- |
Nickel - Refined |
t |
5,700 |
5,700 |
- |
7,300 |
(22)% |
Nickel - Matte(1) |
t |
- |
400 |
(100)% |
- |
- |
Gold |
000 oz |
28 |
30 |
(7)% |
30 |
(5)% |
Produced ounces(2) |
|
|
|
|
|
|
Platinum |
000 oz |
567 |
544 |
4% |
598 |
(5)% |
(1) Copper and nickel refined through third parties is shown as production of copper matte and nickel matte.
(2) In keeping with industry benchmarks, production disclosure has been amended to reflect own mine production and purchases of metal in concentrate. Previous disclosure of own mine production and purchases of metal in concentrate was converted to equivalent refined production using standard smelting and refining recoveries.
Platinum - Production increased by 4% to 567,000 ounces driven primarily by higher production from Amandelbult, Mogalakwena and Unki, partially offset by lower production at Rustenburg.
Amandelbult production increased by 33% to 111,000 ounces due to improved mining efficiencies and increased concentrator recoveries. Mogalakwena production increased by 7% to 109,000 ounces due to higher grade and improved concentrator throughput. Production from Unki increased by 14% to 19,000 ounces due to improved running time of the concentrators and increased head grade. In total, production from retained own-mine operations increased by 18% vs. Q1 2015.
Rustenburg (including Western Limb Tailings Retreatment) production decreased by 15,000 ounces to 106,000 ounces due to difficult ground conditions and lower grade.
Independently managed production (mined and purchased), excluding third party purchase of concentrate, increased by 6% to 185,000 ounces driven by Kroondal, BRPM and Mototolo.
The refined platinum production for the quarter was materially impacted by a planned stocktake at the Precious Metal Refinery (PMR) and a Section 54 safety stoppage which also closed the PMR for 12 days and materially impacted production for a subsequent 37 days. The PMR was back to steady state operation from 6 April 2016. As a result refined platinum production decreased by 52% to 261,000 ounces with similar decreases for palladium and rhodium.
Platinum sales volumes decreased by 21%, reflecting the stoppages at the PMR in the quarter, partly mitigated by inventory draw-downs.
Full Year Guidance
Full year guidance of 2.3 - 2.4 million ounces of production remains unchanged, for both produced and refined platinum.
COPPER
Copper(1) |
Q1 2016 |
Q1 2015 |
Q1 2016 vs. Q1 2015 |
Q4 2015 |
Q1 2016 vs. Q4 2015 |
Copper retained operations(2) |
t |
146,500 |
146,800 |
- |
181,400 |
(19)% |
Copper |
t |
146,500 |
171,800 |
(15)% |
181,400 |
(19)% |
(1) Copper production shown on a contained metal basis
(2) Anglo American Norte excluded for all periods
Copper - Copper production from the retained operations (excluding the AA Norte assets that were sold effective 1 September 2015) was in line with Q1 2015, or 15% lower on an absolute basis. Production decreased by 19% compared to Q4 2015 as a result of lower grades, consistent with the production plan for the year.
Production from Los Bronces decreased by 10% to 85,200 tonnes, driven by the expected decline in grades in the quarter. In H1 2015, water restrictions were mitigated by increasing the cut-off grade, offsetting the impact of the reduced throughput at the plant.
At Collahuasi, attributable production increased by 11% to 51,100 tonnes due to improved plant stability and hence operating times, after rectification work undertaken in 2015, combined with higher grades.
El Soldado production increased by 67% to 10,200 tonnes due to the increasing availability of higher grade ore, in line with the revised mine plan.
Total copper sales from the retained operations were broadly in line with prior year at 137,500 tonnes.
Full Year Guidance
Full year production guidance remains at 600,000 - 630,000 tonnes.
NICKEL
Nickel |
Q1 2016 |
Q1 2015 |
Q1 2016 vs. Q1 2015 |
Q4 2015 |
Q1 2016 vs. Q4 2015 |
Nickel |
t |
11,200 |
6,700 |
67% |
10,500 |
7% |
| |
|
|
|
|
|
|
Nickel - Nickel production increased by 67% to 11,200 tonnes, following the successful rebuild of the Barro Alto furnaces which are now producing at nameplate capacity. Production from Codemin remained in line with Q1 2015 at 2,300 tonnes.
Full Year Guidance
Nickel production guidance remains unchanged at 45,000 - 47,000 tonnes.
NIOBIUM
Niobium |
Q1 2016 |
Q1 2015 |
Q1 2016 vs. Q1 2015 |
Q4 2015 |
Q1 2016 vs. Q4 2015 |
Niobium |
t |
1,400 |
1,300 |
8% |
1,600 |
(13)% |
| |
|
|
|
|
|
|
Niobium - Niobium production increased by 8% to 1,400 tonnes reflecting the continued ramp-up of the BVFR plant, which reached commercial production in March. Production decreased by 13% vs. Q4 2015 due to an extended plant stoppage to reduce stock levels and following a period of heavy rainfall.
Full Year Guidance
Production from current installed capacity is expected to increase to 6,800 tonnes once the BVFR plant reaches nameplate capacity in the third quarter of 2016. This, when combined with debottlenecking activities currently being implemented, will take the total annual capacity to 9,000 tonnes.
PHOSPHATES
Phosphates |
Q1 2016 |
Q1 2015 |
Q1 2016 vs. Q1 2015 |
Q4 2015 |
Q1 2016 vs. Q4 2015 |
Phosphates |
|
|
|
|
|
|
Concentrate |
t |
333,100 |
319,300 |
4% |
355,700 |
(6)% |
Phosphoric acid |
t |
79,100 |
63,200 |
25% |
63,900 |
24% |
Fertiliser |
t |
274,900 |
238,800 |
15% |
303,400 |
(9)% |
Dicalcium phosphate (DCP) |
t |
31,500 |
36,200 |
(13)% |
38,700 |
(19)% |
Phosphates - Concentrate production increased by 4% due to softer material feed to the plant. Fertiliser production increased by 15%, mainly due to strong performance at the granulation plants and good availability of phosphoric acid. Phosphoric acid production increased by 25% reflecting the non-recurrence of maintenance activities and strong plant performance at both sites. DCP production decreased by 13% due to the timing of an annual maintenance stoppage in Cubatão and lower demand in Catalão.
Full Year Guidance
Fertiliser and DCP production in 2016 is expected to be broadly similar to 2015. Phosphoric acid production is expected to increase to around 300,000 tonnes driven by improved performance at Cubatão following the maintenance repairs in the second half of 2015.
IRON ORE AND MANGANESE
Iron Ore and Manganese |
Q1 2016 |
Q1 2015 |
Q1 2016 vs. Q1 2015 |
Q4 2015 |
Q1 2016 vs. Q4 2015 |
Iron ore - Kumba |
000 t |
8,925 |
12,167 |
(27)% |
10,935 |
(18)% |
Iron ore - Minas-Rio(1) |
000 t |
3,349 |
1,177 |
185% |
3,253 |
3% |
Manganese ore(2) |
000 t |
776 |
787 |
(1)% |
596 |
30% |
Manganese alloys(3) |
000 t |
32 |
73 |
(56)% |
44 |
(26)% |
(1) Wet basis
(2) Saleable production
(3) Production includes medium carbon ferro-manganese
Kumba Iron Ore - Production from Kumba Iron Ore decreased by 27% to 8.9 million tonnes.
Sishen produced 5.8 million tonnes, a decrease of 34%. Waste removal decreased to 33.9 million tonnes vs. 49.3 million tonnes in Q1 2015. The reduction in production and waste volumes was consistent with the mine's lower cost pit configuration. Sishen continues to experience feedstock constraints, which has been exacerbated by higher levels of rainfall experienced during the quarter. Solutions are being implemented to increase mine flexibility.
Kolomela produced 2.7 million tonnes for the quarter, a decrease of 9% due to safety stoppages as a result of a fatal incident that occurred on-mine in January 2016.
At Thabazimbi, mining activities ceased on 30 September 2015 and processing activities ceased on 31 March 2016. Closure of the mine is proceeding according to plan.
Export sales decreased by 18% to 9.4 million tonnes due to lower production. Total finished product stocks were 3.2 million tonnes, compared with 4.7 million tonnes at year end as stocks were drawn-down to more optimal levels.
The Section 189 (headcount reduction) process is on track with consultations on the organisational structures completed. The material changes are due to the revised pit configuration and related restructuring.
Full Year Guidance
Guidance for Sishen remains unchanged at ~27 million tonnes production and waste volumes of 135-150 million tonnes, whilst Kolomela remains on track to produce ~12 million tonnes with waste mining forecast to be 46-48 million tonnes.
As previously indicated, detailed work to refine the Sishen life of mine plan based on the revised pit configuration is ongoing and will be finalised during 2016.
Iron Ore Brazil - Minas-Rio's ramp-up continues, with 3.3 million tonnes (wet basis) produced in Q1 2016, an increase of 185% vs. Q1 2015. Production increased by 3% vs. Q4 2015 due to mining area confinement arising from current licensing constraints.
Full Year Guidance
Production guidance for 2016 remains at 15-18 Mt (wet basis).
Manganese ore - Manganese ore production was in line vs. Q1 2015, and was 30% higher than Q4 2015 when production had been temporarily suspended at the Wessels and Mamatwam mines. Following the strategic review, mining activity recommenced in Q1 2016. GEMCO ore production increased as the business took full advantage of drier weather conditions, and delivered record ore sales in Q1 2016.
Manganese alloy - Manganese alloy production decreased by 56% vs. Q1 2015 following the restructuring of South Africa Manganese operations, due to market conditions. In May 2015 operations were suspended at three of the four furnaces at Metalloys in South Africa.
COAL
Coal |
Q1 2016 |
Q1 2015 |
Q1 2016 vs. Q1 2015 |
Q4 2015 |
Q1 2016 vs. Q4 2015 |
Australia |
|
|
|
|
|
|
Metallurgical - Export |
000 t |
4,526 |
4,996 |
(9)% |
5,484 |
(17)% |
Thermal - Export |
000 t |
1,066 |
1,433 |
(26)% |
1,154 |
(8)% |
Thermal - Domestic |
000 t |
1,493 |
1,650 |
(10)% |
1,979 |
(25)% |
South Africa |
|
|
|
|
|
|
Thermal - Export |
000 t |
3,976 |
4,342 |
(8)% |
3,878 |
3% |
Thermal - Domestic (Eskom) |
000 t |
6,392 |
6,951 |
(8)% |
5,534 |
16% |
Thermal - Domestic (Non-Eskom) |
000 t |
1,804 |
1,702 |
6% |
1,822 |
(1)% |
Colombia |
|
|
|
|
|
|
Thermal - Export |
000 t |
2,610 |
2,975 |
(12)% |
2,628 |
(1)% |
Australia - Export metallurgical coal production decreased by 9% to 4.5 million tonnes due to planned longwall moves in the quarter at both Moranbah and Grasstree, partially offset by strong operational performance at Capcoal open cut mine, as well as the delivery of development coal from Grosvenor. In Q1 2015 Dawson was impacted by a maintenance shutdown at the coal preparation plant.
Australian export thermal coal production decreased by 26% to 1.1 million tonnes due to expected lower production from Drayton as it goes through a phased closure following the rejection of the Drayton South project by the NSW government.
On 20 January 2016 the agreement to sell the Callide thermal coal mine to Batchfire Resources was announced and remains subject to a number of conditions.
On 4 April 2016 the sale of Foxleigh open cut mine in Australia to Taurus Funds Management was announced. The sale is subject to conditions.
South Africa - Export thermal coal production decreased by 8% to 4.0 million tonnes, driven in part by mix at Landau (producing more domestic coal which, at current prices, results in a higher margin). Goedehoop production was impacted by unfavourable geology and Greenside experienced some temporary power outage issues.
Eskom production decreased by 8% to 6.4 million tonnes due to a planned longwall move at New Denmark and planned production reductions at Kriel.
Colombia - Cerrejón's production decreased by 12% to 2.6 million tonnes, due to planned production cuts to take out the highest cost capacity in response to market conditions.
Full Year Guidance
Full year production guidance remains unchanged at 21 - 22 million tonnes for export metallurgical coal and 28 - 30 million tonnes for export thermal coal from South Africa and Colombia.
EXPLORATION AND EVALUATION
Exploration and Evaluation expenditure totalled $46 million, a decrease of 38%. Exploration expenditure for the quarter totalled $29 million, a decrease of 20%. Evaluation expenditure for the quarter totalled $17 million, a decrease of 55%.
NOTE
This Production Report for the first quarter ended 31 March 2016 is unaudited.
PRODUCTION SUMMARY
The figures below include the entire output of consolidated entities and the Group's attributable share of joint operations, associates and joint ventures where applicable, except for De Beers' joint ventures which are quoted on a 100% basis.
De Beers |
Q1 2016 |
Q4 2015 |
Q3 2015 |
Q2 2015 |
Q1 2015 |
Q1 2016 vs. Q4 2015 |
Q1 2016 vs. Q1 2015 |
Carats recovered |
|
|
|
|
|
|
|
100% basis |
Orapa |
2,001,000 |
2,516,000 |
1,959,000 |
2,792,000 |
2,610,000 |
(20)% |
(23)% |
Letlhakane |
125,000 |
73,000 |
134,000 |
111,000 |
188,000 |
71% |
(34)% |
Damtshaa |
- |
59,000 |
45,000 |
60,000 |
57,000 |
(100)% |
(100)% |
Jwaneng |
3,202,000 |
2,101,000 |
1,936,000 |
2,950,000 |
2,777,000 |
52% |
15% |
Debswana |
5,328,000 |
4,749,000 |
4,074,000 |
5,913,000 |
5,632,000 |
12% |
(5)% |
|
|
|
|
|
|
|
|
Namdeb |
72,000 |
119,000 |
148,000 |
131,000 |
96,000 |
(39)% |
(25)% |
Debmarine Namibia |
372,000 |
286,000 |
318,000 |
300,000 |
366,000 |
30% |
2% |
Namdeb Holdings |
444,000 |
405,000 |
466,000 |
431,000 |
462,000 |
10% |
(4)% |
|
|
|
|
|
|
|
|
Kimberley |
68,000 |
242,000 |
192,000 |
182,000 |
221,000 |
(72)% |
(69)% |
Venetia |
706,000 |
1,033,000 |
712,000 |
763,000 |
624,000 |
(32)% |
13% |
Voorspoed |
158,000 |
184,000 |
132,000 |
172,000 |
216,000 |
(14)% |
(27)% |
DBCM |
932,000 |
1,459,000 |
1,036,000 |
1,117,000 |
1,061,000 |
(36)% |
(12)% |
|
|
|
|
|
|
|
|
Snap Lake |
3,000 |
280,000 |
283,000 |
352,000 |
328,000 |
(99)% |
(99)% |
Victor |
159,000 |
159,000 |
153,000 |
150,000 |
182,000 |
- |
(13)% |
De Beers Canada |
162,000 |
439,000 |
436,000 |
502,000 |
510,000 |
(63)% |
(68)% |
Total carats recovered |
6,866,000 |
7,052,000 |
6,012,000 |
7,963,000 |
7,665,000 |
(3)% |
(10)% |
Sales volumes (1) |
|
|
|
|
|
|
|
Total sales volume - carats (100%) (Mct) |
8.1 |
3.6 |
3.0 |
5.4 |
8.6 |
125% |
(6)% |
Consolidated sales volume - carats (Mct) |
7.6 |
3.6 |
3.0 |
4.9 |
8.4 |
111% |
(10)% |
Platinum |
Q1 2016 |
Q4 2015 |
Q3 2015 |
Q2 2015 |
Q1 2015 |
Q1 2016 vs. Q4 2015 |
Q1 2016 vs. Q1 2015 |
Refined production |
|
|
|
|
|
|
|
Platinum (troy oz) |
260,800 |
744,900 |
610,900 |
560,600 |
542,400 |
(65)% |
(52)% |
Palladium (troy oz) |
181,600 |
468,400 |
390,700 |
387,700 |
348,100 |
(61)% |
(48)% |
Rhodium (troy oz) |
47,700 |
85,700 |
77,600 |
76,900 |
65,000 |
(44)% |
(27)% |
Copper refined (tonnes)(2) |
3,300 |
4,700 |
4,200 |
4,000 |
3,900 |
(30)% |
(15)% |
Copper matte (tonnes)(2) |
- |
- |
- |
- |
300 |
- |
(100)% |
Nickel refined (tonnes)(2) |
5,700 |
7,300 |
6,400 |
6,000 |
5,700 |
(22)% |
- |
Nickel matte (tonnes)(2) |
- |
- |
- |
- |
400 |
- |
(100)% |
Gold (troy oz) |
27,900 |
29,500 |
23,000 |
30,400 |
30,100 |
(5)% |
(7)% |
Produced ounces |
|
|
|
|
|
|
|
Platinum (troy oz) |
567,000 |
598,000 |
614,300 |
580,900 |
544,100 |
(5)% |
4% |
4E built-up head grade (g/tonne milled)(3) |
3.11 |
3.24 |
3.27 |
3.27 |
3.14 |
(4)% |
(1)% |
Platinum sales volumes |
412,800 |
621,800 |
690,100 |
635,600 |
523,900 |
(34)% |
(21)% |
Copper (tonnes) on a contained metal basis unless stated otherwise(4) |
Q1 2016 |
Q4 2015 |
Q3 2015 |
Q2 2015 |
Q1 2015 |
Q1 2016 vs. Q4 2015 |
Q1 2016 vs. Q1 2015 |
Collahuasi 100% basis (Anglo American share 44%) |
|
|
|
|
|
|
|
Ore mined |
14,858,200 |
22,468,800 |
18,879,300 |
20,130,700 |
18,094,700 |
(34)% |
(18)% |
Ore processed - Oxide |
- |
- |
1,484,900 |
1,835,700 |
1,333,300 |
- |
(100)% |
Ore processed - Sulphide |
12,102,800 |
12,801,300 |
9,464,800 |
10,464,200 |
11,060,300 |
(5)% |
9% |
Ore grade processed - Oxide (% ASCu)(5) |
- |
- |
0.63 |
0.60 |
0.69 |
- |
- |
Ore grade processed - Sulphide (% TCu)(6) |
1.15 |
1.25 |
1.09 |
1.15 |
1.08 |
(8)% |
7% |
Production - Copper cathode |
1,900 |
3,100 |
6,000 |
6,600 |
6,500 |
(39)% |
(71)% |
Production - Copper in concentrate |
114,200 |
136,800 |
92,800 |
105,500 |
98,000 |
(17)% |
17% |
Total copper production for Collahuasi |
116,100 |
139,900 |
98,800 |
112,100 |
104,500 |
(17)% |
11% |
Anglo American's share of copper production for Collahuasi(7) |
51,100 |
61,500 |
43,500 |
49,300 |
46,000 |
(17)% |
11% |
Anglo American Sur |
|
|
|
|
|
|
|
Los Bronces mine(8) |
|
|
|
|
|
|
|
Ore mined |
10,487,900 |
13,252,200 |
10,112,600 |
13,345,700 |
13,548,000 |
(21)% |
(23)% |
Marginal ore mined |
13,402,300 |
11,673,100 |
7,733,600 |
10,929,100 |
8,916,800 |
15% |
50% |
Ore processed - Sulphide |
12,055,300 |
14,115,200 |
11,584,300 |
10,447,300 |
9,250,100 |
(15)% |
30% |
Ore grade processed - Sulphide (% TCu) |
0.74 |
0.83 |
0.87 |
0.98 |
1.07 |
(11)% |
(31)% |
Production - Copper cathode |
9,700 |
9,700 |
8,500 |
7,800 |
9,000 |
0% |
8% |
Production - Copper in concentrate |
75,500 |
101,300 |
90,100 |
89,600 |
85,700 |
(25)% |
(12)% |
Production total |
85,200 |
111,000 |
98,600 |
97,400 |
94,700 |
(23)% |
(10)% |
El Soldado mine(8) |
|
|
|
|
|
|
|
Ore mined |
1,448,000 |
1,280,000 |
951,600 |
1,915,700 |
1,060,800 |
13% |
37% |
Ore processed - Sulphide |
1,836,100 |
1,557,500 |
1,441,800 |
1,752,100 |
1,214,000 |
18% |
51% |
Ore grade processed - Sulphide (% TCu) |
0.75 |
0.79 |
0.90 |
0.71 |
0.66 |
(5)% |
14% |
Production - Copper cathode |
- |
- |
- |
- |
200 |
- |
(100)% |
Production - Copper in concentrate |
10,200 |
8,900 |
11,000 |
10,000 |
5,900 |
15% |
73% |
Production total |
10,200 |
8,900 |
11,000 |
10,000 |
6,100 |
15% |
67% |
Chagres Smelter(8) |
|
|
|
|
|
0% |
0% |
Ore smelted |
35,900 |
35,900 |
39,900 |
36,200 |
37,100 |
0% |
(3)% |
Production |
35,200 |
34,900 |
38,900 |
35,300 |
36,000 |
1% |
(2)% |
Total copper production for Anglo American Sur |
95,400 |
119,900 |
109,600 |
107,400 |
100,800 |
(20)% |
(5)% |
Anglo American Norte |
|
|
|
|
|
|
|
Mantos Blancos mine |
|
|
|
|
|
|
|
Ore processed - Sulphide |
- |
- |
718,400 |
1,043,300 |
1,073,800 |
- |
(100)% |
Ore grade processed - Sulphide (% TCu) |
- |
- |
0.75 |
0.79 |
0.75 |
- |
- |
Production - Copper cathode |
- |
- |
5,000 |
8,500 |
6,900 |
- |
(100)% |
Production - Copper in concentrate |
- |
- |
4,500 |
6,800 |
6,800 |
- |
(100)% |
Production total |
- |
- |
9,500 |
15,300 |
13,700 |
- |
(100)% |
Mantoverde mine |
|
|
|
|
|
|
|
Ore processed - Oxide |
- |
- |
1,838,000 |
2,487,900 |
2,279,400 |
- |
(100)% |
Ore processed - Marginal ore |
- |
- |
1,658,000 |
2,790,000 |
1,496,800 |
- |
(100)% |
Ore grade processed - Oxide (% ASCu) |
- |
- |
0.51 |
0.54 |
0.51 |
- |
- |
Ore grade processed - Marginal ore (% ASCu) |
- |
- |
0.20 |
0.21 |
0.22 |
- |
- |
Production - Copper cathode |
- |
- |
8,500 |
12,500 |
11,300 |
- |
(100)% |
Total copper production for Anglo American Norte |
- |
- |
18,000 |
27,800 |
25,000 |
- |
(100)% |
Total Copper segment copper production |
211,500 |
259,800 |
226,400 |
247,300 |
230,300 |
(19)% |
(8)% |
Total Attributable copper production(9) |
146,500 |
181,400 |
171,100 |
184,500 |
171,800 |
(19)% |
(15)% |
Total Attributable payable copper production |
141,600 |
175,300 |
165,800 |
179,000 |
166,800 |
(19)% |
(15)% |
Total Attributable sales volumes |
137,500 |
183,000 |
178,400 |
179,400 |
164,800 |
(25)% |
(17)% |
Total Attributable payable sales volumes |
133,000 |
176,700 |
172,900 |
173,800 |
160,100 |
(25)% |
(17)% |
Third party sales - Mantos Copper(10) |
9,200 |
41,400 |
- |
- |
- |
(78)% |
100% |
Nickel (tonnes) unless stated otherwise(11) |
Q1 2016 |
Q4 2015 |
Q3 2015 |
Q2 2015 |
Q1 2015 |
Q1 2016 vs. Q4 2015 |
Q1 2016 vs. Q1 2015 |
Barro Alto |
|
|
|
|
|
|
|
Ore mined |
457,000 |
453,200 |
1,351,700 |
903,300 |
235,300 |
1% |
94% |
Ore processed |
598,100 |
566,400 |
330,700 |
281,100 |
294,600 |
6% |
103% |
Ore grade processed - %Ni |
1.77 |
1.77 |
1.79 |
1.80 |
1.77 |
0% |
0% |
Production |
8,900 |
8,100 |
4,700 |
4,100 |
4,400 |
10% |
102% |
Codemin |
|
|
|
|
|
|
|
Ore mined |
- |
- |
- |
8,600 |
- |
- |
- |
Ore processed |
151,400 |
154,000 |
140,000 |
145,700 |
151,400 |
(2)% |
0% |
Ore grade processed - %Ni |
1.68 |
1.69 |
1.70 |
1.71 |
1.66 |
(1)% |
1% |
Production |
2,300 |
2,400 |
2,100 |
2,200 |
2,300 |
(4)% |
0% |
Total Nickel segment nickel production |
11,200 |
10,500 |
6,800 |
6,300 |
6,700 |
7% |
67% |
Sales volumes |
10,800 |
9,500 |
6,400 |
8,600 |
7,500 |
14% |
44% |
Niobium (tonnes) unless stated otherwise |
Q1 2016 |
Q4 2015 |
Q3 2015 |
Q2 2015 |
Q1 2015 |
Q1 2016 vs. Q4 2015 |
Q1 2016 vs. Q1 2015 |
Niobium |
|
|
|
|
|
|
|
Ore mined |
690,300 |
637,700 |
597,300 |
605,600 |
291,100 |
8% |
137% |
Ore processed |
484,800 |
580,700 |
578,400 |
570,400 |
501,800 |
(17)% |
(3)% |
Ore grade processed - %Nb |
0.91 |
1.00 |
0.93 |
0.93 |
0.96 |
(9)% |
(5)% |
Production |
1,400 |
1,600 |
1,800 |
1,600 |
1,300 |
(13)% |
8% |
Sales volumes |
1,100 |
800 |
1,400 |
1,500 |
1,300 |
38% |
(15)% |
Phosphates (tonnes) unless stated otherwise |
Q1 2016 |
Q4 2015 |
Q3 2015 |
Q2 2015 |
Q1 2015 |
Q1 2016 vs. Q4 2015 |
Q1 2016 vs. Q1 2015 |
Phosphates |
|
|
|
|
|
|
|
Concentrate |
333,100 |
355,700 |
363,100 |
303,300 |
319,300 |
(6)% |
4% |
Concentrate grade - %P2O5 |
36.6 |
36.7 |
36.8 |
36.9 |
36.9 |
0% |
(1)% |
Phosphoric acid |
79,100 |
63,900 |
75,600 |
62,400 |
63,200 |
24% |
25% |
Fertiliser |
274,900 |
303,400 |
294,400 |
274,200 |
238,800 |
(9)% |
15% |
High analysis fertiliser |
47,800 |
36,700 |
42,400 |
56,100 |
37,500 |
30% |
27% |
Low analysis fertiliser |
227,100 |
266,700 |
252,000 |
218,100 |
201,200 |
(15)% |
13% |
Dicalcium phosphate (DCP) |
31,500 |
38,700 |
33,700 |
38,700 |
36,200 |
(19)% |
(13)% |
Fertiliser sales volumes |
247,300 |
194,400 |
339,600 |
317,500 |
208,500 |
27% |
19% |
Iron Ore and Manganese (tonnes) |
Q1 2016 |
Q4 2015 |
Q3 2015 |
Q2 2015 |
Q1 2015 |
Q1 2016 vs. Q4 2015 |
Q1 2016 vs. Q1 2015 |
Kumba Iron Ore |
|
|
|
|
|
|
|
Lump |
5,669,700 |
7,029,100 |
7,322,300 |
6,761,800 |
7,889,900 |
(19)% |
(28)% |
Fines |
3,254,800 |
3,906,100 |
4,068,600 |
3,622,900 |
4,277,500 |
(17)% |
(24)% |
Total Kumba production |
8,924,500 |
10,935,200 |
11,390,900 |
10,384,700 |
12,167,400 |
(18)% |
(27)% |
Sishen |
5,841,800 |
7,661,300 |
7,669,800 |
7,176,200 |
8,885,500 |
(24)% |
(34)% |
Kolomela |
2,713,100 |
2,853,800 |
3,347,800 |
2,880,300 |
2,972,500 |
(5)% |
(9)% |
Thabazimbi |
369,600 |
420,100 |
373,300 |
328,200 |
309,400 |
(12)% |
(19)% |
Total Kumba production |
8,924,500 |
10,935,200 |
11,390,900 |
10,384,700 |
12,167,400 |
(18)% |
(27)% |
Kumba sales volumes |
|
|
|
|
|
|
|
RSA export iron ore |
9,376,100 |
10,509,300 |
9,846,500 |
11,732,600 |
11,471,600 |
(11)% |
(18)% |
RSA domestic iron ore |
1,167,700 |
533,500 |
960,700 |
1,348,000 |
1,434,600 |
119% |
(19)% |
Minas-Rio |
|
|
|
|
|
|
|
Pellet feed (wet basis) |
3,349,400 |
3,252,500 |
2,918,800 |
1,826,200 |
1,176,700 |
3% |
185% |
Minas-Rio sales volumes |
|
|
|
|
|
|
|
Export - pellet feed (wet basis) |
3,714,400 |
3,035,000 |
2,793,900 |
1,344,400 |
1,294,300 |
22% |
187% |
Samancor |
|
|
|
|
|
|
|
Manganese ore(12) |
775,900 |
596,000 |
923,200 |
805,700 |
786,700 |
30% |
(1)% |
Manganese alloys(12)(13) |
32,100 |
43,500 |
43,700 |
53,600 |
72,800 |
(26)% |
(56)% |
Samancor sales volumes |
|
|
|
|
|
|
|
Manganese ore |
870,900 |
720,200 |
813,900 |
720,700 |
829,900 |
21% |
5% |
Manganese alloys |
42,800 |
42,000 |
42,400 |
55,300 |
63,600 |
2% |
(33)% |
Coal (tonnes) |
Q1 2016 |
Q4 2015 |
Q3 2015 |
Q2 2015 |
Q1 2015 |
Q1 2016 vs. Q4 2015 |
Q1 2016 vs. Q1 2015 |
Australia |
|
|
|
|
|
|
|
Metallurgical - Export Coking |
3,378,900 |
4,302,100 |
4,115,000 |
3,743,800 |
3,746,900 |
(21)% |
(10)% |
Metallurgical - Export PCI |
1,147,200 |
1,182,200 |
1,360,500 |
1,508,800 |
1,248,800 |
(3)% |
(8)% |
|
4,526,100 |
5,484,300 |
5,475,500 |
5,252,600 |
4,995,700 |
(17)% |
(9)% |
Thermal - Export |
1,065,900 |
1,154,300 |
1,366,400 |
1,326,600 |
1,433,200 |
(8)% |
(26)% |
Thermal - Domestic |
1,492,900 |
1,978,800 |
1,800,500 |
1,622,400 |
1,649,900 |
(25)% |
(10)% |
|
2,558,800 |
3,133,100 |
3,166,900 |
2,949,000 |
3,083,100 |
(18)% |
(17)% |
South Africa |
|
|
|
|
|
|
|
Thermal - Export |
3,976,000 |
3,878,000 |
4,887,200 |
4,296,700 |
4,341,700 |
3% |
(8)% |
Thermal - Domestic (Eskom) |
6,392,000 |
5,533,500 |
6,763,000 |
6,774,000 |
6,950,700 |
16% |
(8)% |
Thermal - Domestic (Non-Eskom) |
1,803,800 |
1,821,500 |
1,730,400 |
1,590,000 |
1,702,000 |
(1)% |
6% |
|
12,171,800 |
11,233,000 |
13,380,600 |
12,660,700 |
12,994,400 |
8% |
(6)% |
Colombia |
|
|
|
|
|
|
|
Thermal - Export |
2,610,000 |
2,628,100 |
2,526,800 |
2,944,400 |
2,975,000 |
(1)% |
(12)% |
Total Metallurgical coal production |
4,526,100 |
5,484,300 |
5,475,500 |
5,252,600 |
4,995,700 |
(17)% |
(9)% |
Total Export Thermal coal production |
7,651,900 |
7,660,400 |
8,780,400 |
8,567,700 |
8,749,900 |
- |
(13)% |
Total Domestic Thermal coal production |
9,688,700 |
9,333,800 |
10,293,900 |
9,986,400 |
10,302,600 |
4% |
(6)% |
Total Coal production |
21,866,700 |
22,478,500 |
24,549,800 |
23,806,700 |
24,048,200 |
(3)% |
(9)% |
Sales volumes (own mined) |
|
|
|
|
|
|
|
Australia |
|
|
|
|
|
|
|
Metallurgical - Export(14) |
4,815,800 |
5,396,000 |
5,480,900 |
5,103,100 |
5,113,400 |
(11)% |
(6)% |
Thermal - Export |
1,173,000 |
1,341,700 |
1,638,600 |
1,505,800 |
1,418,200 |
(13)% |
(17)% |
Thermal - Domestic |
1,506,800 |
1,915,800 |
1,871,900 |
1,670,500 |
1,591,000 |
(21)% |
(5)% |
South Africa |
|
|
|
|
|
|
|
Thermal - Export |
4,343,200 |
5,188,700 |
4,568,600 |
4,967,400 |
5,195,200 |
(16)% |
(16)% |
Thermal - Domestic |
7,828,600 |
6,763,300 |
7,977,800 |
8,203,900 |
8,746,600 |
22% |
(6)% |
Colombia |
|
|
|
|
|
|
|
Thermal - Export |
2,339,000 |
2,565,100 |
2,853,400 |
2,765,700 |
3,005,100 |
(9)% |
(22)% |
Coal by mine (tonnes) |
Q1 2016 |
Q4 2015 |
Q3 2015 |
Q2 2015 |
Q1 2015 |
Q1 2016 vs. Q4 2015 |
Q1 2016 vs. Q1 2015 |
Australia |
|
|
|
|
|
|
|
Callide |
1,748,200 |
2,295,200 |
1,988,900 |
1,789,300 |
1,857,000 |
(24)% |
(6)% |
Capcoal (incl. Grasstree) |
1,760,000 |
2,283,800 |
2,353,300 |
1,793,500 |
2,259,100 |
(23)% |
(22)% |
Dawson |
1,006,000 |
1,025,800 |
1,249,400 |
1,375,500 |
663,800 |
(2)% |
52% |
Drayton |
349,900 |
351,300 |
600,400 |
462,800 |
707,500 |
0% |
(51)% |
Foxleigh |
434,500 |
376,300 |
494,800 |
511,200 |
478,300 |
15% |
(9)% |
Grosvenor |
203,000 |
179,100 |
147,300 |
121,800 |
51,600 |
13% |
293% |
Jellinbah |
758,400 |
872,700 |
798,400 |
766,400 |
763,900 |
(13)% |
(1)% |
Moranbah North |
824,900 |
1,233,200 |
1,009,900 |
1,381,100 |
1,297,600 |
(33)% |
(36)% |
|
7,084,900 |
8,617,400 |
8,642,400 |
8,201,600 |
8,078,800 |
(18)% |
(12)% |
South Africa |
|
|
|
|
|
|
|
Goedehoop |
1,001,300 |
896,000 |
1,151,200 |
1,106,100 |
1,133,800 |
12% |
(12)% |
Greenside |
806,300 |
897,200 |
1,059,600 |
992,300 |
927,500 |
(10)% |
(13)% |
Zibulo |
1,390,000 |
1,306,400 |
1,592,500 |
1,385,000 |
1,281,100 |
6% |
9% |
Kleinkopje |
966,400 |
824,900 |
895,200 |
572,000 |
860,300 |
17% |
12% |
Landau |
1,003,200 |
1,079,200 |
1,144,600 |
1,065,000 |
979,900 |
(7)% |
2% |
Mafube |
379,100 |
366,500 |
370,100 |
344,500 |
361,500 |
3% |
5% |
New Vaal |
3,521,800 |
2,811,500 |
3,576,700 |
4,211,200 |
3,548,600 |
25% |
(1)% |
New Denmark |
604,300 |
643,000 |
881,600 |
441,100 |
872,600 |
(6)% |
(31)% |
Kriel |
1,339,800 |
1,185,900 |
1,613,000 |
1,546,000 |
1,813,300 |
13% |
(26)% |
Isibonelo |
1,159,600 |
1,222,400 |
1,096,100 |
997,500 |
1,215,800 |
(5)% |
(5)% |
|
12,171,800 |
11,233,000 |
13,380,600 |
12,660,700 |
12,994,400 |
8% |
(6)% |
Colombia |
|
|
|
|
|
|
|
Carbones del Cerrejón |
2,610,000 |
2,628,100 |
2,526,800 |
2,944,400 |
2,975,000 |
(1)% |
(12)% |
Total Coal production |
21,866,700 |
22,478,500 |
24,549,800 |
23,806,700 |
24,048,200 |
(3)% |
(9)% |
(1) Number of Sights (sales cycles) in each quarter as follows: Q1 2016: 2; Q4 2015: 3; Q3 2015: 2; Q2 2015: 2; Q1 2015: 3
(2) Copper and nickel refined through third parties is now shown as production of copper matte and nickel matte
(3) 4E: the grade measured as the combined content of the four most valuable precious metals: platinum, palladium, rhodium and gold
(4) Excludes Anglo American Platinum's copper production
(5) ASCu = acid soluble copper
(6) TCu = total copper
(7) Anglo American's share of Collahuasi production is 44%
(8) Anglo American ownership interest of Anglo American Sur is 50.1%. Production is stated at 100% as Anglo American consolidates Anglo American Sur
(9) Difference between total copper production and attributable copper production arises from Anglo American's 44% interest in Collahuasi
(10) Relates to sales made on behalf of Mantos Copper (previously Mantos Blancos and Mantoverde mines)
(11) Excludes Anglo American Platinum's nickel production
(12) Saleable production
(13) Production includes medium carbon ferro-manganese
(14) Includes both hard coking coal and PCI sales volumes
Note:
Production figures are sometimes more precise than the rounded numbers shown in the commentary of this report. The percentage change will reflect the percentage change using the production figures shown in the Production Summary of this report.
Forward-looking statements:
This contains certain forward looking statements which involve risk and uncertainty because they relate to events and depend on circumstances that occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward looking statements.
For further information, please contact:
Notes to editors:
Anglo American is a globally diversified mining business. Our portfolio of world-class competitive mining operations and undeveloped resources provides the raw materials to meet the growing consumer-driven demands of the world's developed and maturing economies. Our people are at the heart of our business. It is our people who use the latest technologies to find new resources, plan and build our mines and who mine, process and move and market our products - from diamonds (through De Beers) to platinum and other precious metals and copper - to our customers around the world.
As a responsible miner, we are the custodians of those precious resources. We work together with our key partners and stakeholders to unlock the long-term value that those resources represent for our shareholders, but also for the communities and countries in which we operate - creating sustainable value and making a real difference.
www.angloamerican.com
