logo
Plus   Neg
Share
Email

Anglo American Q3 Copper Production Up 4%

Anglo American plc (AAUKY.PK,AAL.L) reported that its third-quarter copper production increased by 4% to 165,700 tonnes, driven by strong plant performance at Collahuasi.

Copper production annual guidance has been tightened to 630,000-660,000 tonnes from the prior outlook of 620,000-670,000 tonnes.

Platinum production decreased by 2% to 516,500 ounces and palladium production was flat at 352,200 ounces.

De Beers' diamond production decreased by 4% to 7.2 million carats driven by planned reductions in production to reflect the lower demand for rough diamonds due to the Covid-19 pandemic.

Diamond production annual guidance is unchanged at 25-27 million carats (100% basis).

Kumba's iron ore production for the third-quarter decreased by 9% to 9.5 million tonnes with Sishen's production 9% lower at 6.5 million tonnes and Kolomela's 10% lower at 3.0 million tonnes.

Iron ore sales volumes for the quarter increased by 7% to 10.9 million tonnes driven by a 13% increase in export sales as Transnet's performance returned to pre-Covid-19 levels, with a significant improvement in loading rates at the port.

Kumba iron ore production guidance for 2020 is unchanged at 37-39 million tonnes. Minas-Rio production guidance is unchanged at 22-24 million tonnes.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
After providing free and discounted rides to the polls on Election Day, Lyft is now set to support voters with discounted rides to the polls for the federal runoff races in Louisiana and Georgia. They also provided similar rides during the primary season. The ride-sharing company is continuing its Voting Access Program to provide affordable transportation to voters in need. Discount retailer Dollar General Corp. and supermarket chain Kroger Co. on Thursday reported sharp increases in their quarterly profits on higher sales. While Dollar General's results trounced analysts' estimates, Kroger's earnings beat expectations while revenue fell short. Dollar General's profit for the third quarter surged 57 percent from last year. On January 4, 2021, Discovery plans to launch its new standalone streaming service called Discovery+ which will also offer exclusive streaming access to the BBC's award-winning natural history shows like Planet Earth, Blue Planet, and Frozen Planet. The channel is expected to offer the largest content of real-life entertainment provided by any streaming platform at launch.
RELATED NEWS
Follow RTT