Diversified mining giant Anglo American says production fell almost a tenth in its second quarter ending June, hit by lower grades of copper and water availability issues in Chile, with only its diamond interests giving investors reason for cheer as Russian sanctions bite.

Anglo, whose interests include diamond arm De Beers and Kumba Iron Ore, said production fell 9% for the quarter to end-June, amid flooding, droughts and planned maintenance, and it has cut its full-year guidance for lucrative steel-making coal by more than a tenth...

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