• Rich man, poor man

    Culture change from below is the only way to overcome poverty, says Leopold Scholtz.

  • Tech bubble talk

    After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.

  • Money creation made easy

    Changing the money creation system may be simpler than we think, says Edward Ingram.

Data provided by McGregor BFA
All data is delayed
Loading...
See More

Anglo third-quarter volumes up

Oct 25 2012 08:47 Reuters

Mine (File) (Shutterstock)

Company Data

Anglo American Plat Ltd [JSE:AMS]

Last traded 508.50
Change -1.49
% Change 0.00
Cumulative volume 137520
Market cap 137.13bn

Last Updated: 23/04/2014 at 04:26. Prices are delayed by 15 minutes. Source: McGregor BFA

KUMBA IRON ORE LIMITED [JSE:KIO]

Last traded 375.90
Change 1.53
% Change 0.00
Cumulative volume 258665
Market cap 121.07bn

Last Updated: 23/04/2014 at 04:27. Prices are delayed by 15 minutes. Source: McGregor BFA

ANGLO AMERICAN PLC [JSE:AGL]

Last traded 275.00
Change 1.99
% Change 0.01
Cumulative volume 1040206
Market cap 386.50bn

Last Updated: 23/04/2014 at 04:27. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

I believe in SA, says Anglo CEO

Extended appeals for fired miners

NUM accuses Amplats of racism

Anglo American miners block shaft

Fired miners promise to fight to the death

Amplats already lost R1.1bn due to strike

 

London - Anglo American [JSE:AGL] posted increased volumes in five of its seven key commodities including copper and iron ore in the third quarter, as it was cushioned for now from the full impact of weeks of crippling strikes.

Anglo, however, indicated the stoppages would hit fourth quarter production of iron ore and platinum, and drive up costs.

Labour troubles across the mining sector spread to Anglo Platinum [JSE:AMS], the world’s top producer of the precious metal, last month, just before the end of the current reporting period. They later spread to Anglo’s Kumba Iron Ore [JSE:KIO] unit, further increasing pressure on the global miner’s management.

Kumba’s Sishen mine has since begun to ramp up operations, but Amplats workers have not yet returned to Amplats’ Rustenburg, Union and Amandelbult mining operations.

Anglo said it had produced 157,300 tonnes of copper in the quarter, up 12% and broadly in line with analysts’ expectations, helped by the ramp up of Los Bronces and despite a 40% drop in its share of production from Chile’s Collahuasi mine, the worlds third largest.

Iron ore production rose 14%, as the illegal strike at Kumba’s Sishen mine began only at the start of October.

Platinum production was flat, again in line with forecasts, at 649,000 ounces, though the strike caused the loss of 42,000 ounces of equivalent refined platinum. Another 96,300 ounces were lost from disruption so far this month.


anglo american
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

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

Cope loses members to ANC

President of the Cope Youth Movement, Abel Rangata, and three other Cope members have resigned from the party to join the ANC.

 
 

Latest elections multimedia

11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille
The EFF's ad was banned, see why
Why Jack Parow wants you to vote on 7 May

Money Clinic

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