Drought hits Anglo American copper hard
The diamond division is also struggling in a persistently weak market as the diversified miner tightens output forecasts in key businesses
22 October 2019 - 10:32
The third-quarter production report from Anglo American shows a heavy fall in diamond output in the year to date, while the copper division was hit by a drought in Chile that is also expected to negatively affect production in 2020.
Anglo, one of the world’s biggest diversified mining companies, increased third-quarter output of all its minerals 4% on a copper equivalent basis, buoyed by metallurgical coal in Australia and recovering iron ore production in Brazil...
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