• Dangerous games

    Employers' body Neasa is playing a potentially dangerous game, says Terry Bell.

  • Rational thinking

    All players should first consider the net result of their actions, says Leopold Scholtz.

  • Telkom's property poser

    BEE may be hindering Telkom's plans to offload redundant real estate, says Gugu Lourie.

Data provided by iNet BFA
Loading...
See More

Anglo boasts rise in copper, iron ore output

Jan 26 2012 10:12 Reuters

Company Data

ANGLO AMERICAN PLC [JSE:AGL]

Last traded 290.50
Change -3.13
% Change -0.01
Cumulative volume 795235
Market cap 408.29bn

Last Updated: 31/07/2014 at 04:27. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Codelco, Anglo dispute escalates

Anglo shareholders back De Beers deal

Codelco exercises Anglo American option

Anglo's cash cow projects

Sarb to manage Anglo/De Beers inflows

Miners denied silicosis checks - lawyer

Amplats warns profit hit by BEE deal costs

 
London - Miner Anglo American [JSE:AGL] posted a 10% rise in copper output in the final three months of 2011, boosted by its flagship Los Bronces mine as it recovered from a tough third quarter hit by blizzards and lower ore grades.

The Los Bronces mine, at the heart of the miner’s complex legal dispute with Chilean state copper producer Codelco, helped to offset the impact of stoppages at the Collahuasi mine, also in Chile. Copper accounts for roughly a third of Anglo’s profit.

Iron ore output was up 5% year-on-year (y/y) at 12.4 million tonnes, helped by the $1bn Kolomela mine, brought into production ahead of schedule in South Africa.
 
Metallurgical coal was up 4% to 4.1 million tonnes in the quarter, helped by Australian operations now recovered from the floods that hit production at the start of 2011.

Platinum, however, saw refined production down 19% y/y, with equivalent refined platinum production 9% lower, hit by 32 safety stoppages over the quarter - double the stoppage rate of the year before.

Anglo’s Anglo Platinum unit warned last week that 2011 profit likely fell by about a third, due to a black empowerment deal but also a high number of safety stoppages and higher costs for labour and electricity.
anglo american  |  amplats  |  codelco  |  mining industry  |  iron ore  |  copper
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

No need to keep up with the Joneses

Fin24 users provide their own personal tips on how to save money instead of trying to keep up with the Joneses.

 
 

Start saving...

Where can you stash your cash?
Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...