Anglo American coal operations the laggards in a strong quarter for production
Anglo American, one of the world’s large diversified mining companies, reported an overall increase in quarterly production from the group, but its coal operations in SA, Colombia and Australia were obvious laggards. Converting all its production to a copper equivalent, Anglo reported a 6% year-on-year increase in output for the three months to end-September and an 8% increase for the first nine months of the year. Anglo CEO Mark Cutifani said the company had "delivered another strong production performance across our business". One of the highlights for the group was an increase of 1-million tonnes in annual iron ore output from its Kumba Iron Ore subsidiary in SA, and higher production from 85% held De Beers, the world’s largest diamond producer by value. De Beers increased production by 29% in the first nine months of the year to 25.3-million carats and set its full-year production target at 33-million carats, the top end of an earlier estimate that started at 31-million carats. ...
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