Anglo American’s Q3 production inches 2% higher
Landau Collieries. (Image by Elaine Banister Photography. ©Anglo American 2016.)
Global miner Anglo American said on Thursday its overall production rose by 2% in the third quarter, driven by diamonds and iron ore, while copper output fell by 6%.
In the three months to September, rough diamond production rose by 28% from a year earlier as consumer demand recovered in major markets including the United States and China.
Iron ore production rose by 15% on increased output from Brazil’s Minas-Rio and South Africa’s Kumba mine.
Planned maintenance work at its Collahuasi mine affected copper production in Chile in the third quarter. Year-to-date copper production is up 1%, Anglo said in a release.
(By Clara Denina; Editing by Jason Neely)
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