Anglo American, one of the largest mining companies in world, today provided thier Second Quarter Report for 2012. The successful execution of projects and asset optimisation has provided Anglo American with volume growth in iron ore, metallurgical coal, export thermal coal, copper and nickel. They report that growth projects delivered in 2011 are continueing to ramp up well, in particular the Los Bronces expansion achieving 92% of it's capacity during the quarter.
Iron ore production increased by 12% to 12.9 million tonnes due to the ramp-up of the Kolomela mine and production improvements at Amapá. Should current production levels be sustained at Kolomela mine, it ought to produce at least 6 million tonnes in 2012, and reach 9 Mtpa design capacity in 2013
Metallurgical Coal achieved a quarterly production record, with export metallurgical coal production increasing by 23% to 4.8 million tonnes, benefiting from productivity improvements. Export thermal coal production from Colombia increased by 22% to 3.1 million tonnes, achieving a quarterly production record. Export thermal coal production from South Africa increased by 7% to 4.2 million tonnes due to the ramp-up of Zibulo.
Copper production increased by 7% to 161,100 tonnes. Strong ramp-up of the Los Bronces expansion was offset by lower grades, lower recoveries and adverse weather.
Nickel production increased by 65% to 10,900 tonnes as production from Barro Alto continued to ramp up.
Platinum equivalent refined production was flat at 583,600 ounces. Refined production was 623,000 ounces, 3% less, due to the slower than expected ramp-up of the converter plant following the planned maintenance.
Diamond production decreased by 11% to 7.2 million carats largely in response to market conditions; while focusing on planned maintenance and waste stripping
|Sector:||Mining and Minerals|
|Tags:||Exploration and Production Diamond Mine Projects Copper Mine Projects Coal Mine Projects Nickel Mine Projects|