Wrap Text
AngloAmerican produciton report for Q4 2012
Anglo American plc (“the Company”)
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name: Anglo
Share code: AGL
ISIN number: GB00B1XZS820
NEWS RELEASE
25 January 2013
Anglo American plc
Production Report for the fourth quarter ended 31 December 2012
Overview
- Solid increases in production of export metallurgical coal, copper, export thermal
coal from South Africa, iron ore from Kolomela and diamonds
- Export metallurgical coal production increased by 13% to 4.6 million tonnes, with a
5% increase in the coking coal share of product to 74% versus Q3 2012
- Copper production(1) from Los Bronces increased by 31% with the mine’s expansion
contributing 54,100 tonnes. Total copper production increased by 2% to 172,900
tonnes
- Export thermal coal production from South Africa increased by 5% to 4.7 million
tonnes reflecting the ramp up of Zibulo and increased production of lower calorific
coal. Cerrejón achieved record production of 11.5 million tonnes in 2012
- Diamond production increased by 24% to 8.1 million carats reflecting the
resumption of mining operations at Jwaneng in September 2012
- Kumba Iron Ore production decreased by 19% due to the illegal strike at Sishen
mine. This action and subsequent recovery time has resulted in a loss of production
of around 5 million tonnes. Kolomela exceeded monthly design capacity and
contributed 2.8 million tonnes for the quarter and 8.5 million tonnes for the year,
significantly in excess of its ramp up schedule
- Equivalent refined platinum production decreased by 29% due to the illegal strike at
the Rustenburg, Amandelbult and Union mines. 272,590 ounces of platinum
production were lost during the quarter as a result of this action and subsequent
ramp up
- Nickel production(2) decreased by 25% to 7,400 tonnes, largely due to the expiry of
Loma de Níquel mining concessions in Venezuela in November 2012
This Production Report for the fourth quarter ended 31 December 2012 is unaudited
Preliminary Results for the full year to 31 December 2012 will be announced on 15
February 2013
(1) Copper production from the Copper business unit
(2) Nickel production from the Nickel business unit
IRON ORE & MANGANESE
Q4 2012 Q4 2012 FY 2012
Q4 Q4 Q3 FY FY
Iron Ore and Manganese vs. vs. vs.
2012 2011 2012 2012 2011
Q4 2011 Q3 2012 FY 2011
Iron ore 000 t 9,013 11,160 (19)% 12,497 (28)% 43,065 41,268 4%
Manganese ore 000 t 847 722 17% 858 (1)% 3,348 2,787 20%
Manganese alloys 000 t 61 78 (22)% 52 18% 198 301 (34)%
Iron Ore – Production from Kumba Iron Ore decreased by 19% to 9 Mt, mainly due to the impact
of the illegal strike at Sishen mine during the quarter and low attendance in the mining section
following the strike action. At 31 December 2012, around 5 Mt of production had been lost at
Sishen mine, though production rates have continued to improve. The faster than planned ramp
up of Kolomela mine partially offset the negative impact on production at Sishen mine. Kolomela
mine has exceeded monthly design capacity since July 2012 and reached record levels in the
fourth quarter. The mine produced 2.8 Mt for the quarter, and is on track to achieve design
capacity of 9 Mtpa in 2013.
Export sales volumes for the quarter decreased by 6% to 9 Mt principally as a result of the
production losses at Sishen mine, partially offset by production from Kolomela mine and by sales
from stock.
Finished product stockpile levels amounted to 3.7 Mt, a decrease of 29% compared to 31
December 2011.
Minas-Rio project – During the quarter, Anglo American announced that all three injunctions
contributing to the previously announced delay of first ore on ship to the end of 2014 had been
lifted. As announced in November 2012, Anglo American is carrying out a detailed capital cost
review to assess the outstanding capital expenditure requirements in light of current development
progress and the disruptive challenges faced by the project.
Manganese ore – The record ore production trend continued in Q4 2012 driven by a substantial
improvement in plant availability at GEMCO (Australia). Ore production for the full year increased
by 20% to 3.3 Mt, a record performance.
Manganese alloy – Production decrease of 22% reflects the closure of the South Plant at
Metalloys (South Africa) in January 2012. Alloy volumes increased by 18% from Q3 2012 as
TEMCO (Australia) production returned to full capacity following the temporary suspension of
operations that occurred during the first half of 2012.
METALLURGICAL COAL
Q4 2012 Q4 2012 FY 2012
Q4 Q4 Q3 FY FY
Metallurgical Coal vs. vs. vs.
2012 2011 2012 2012 2011
Q4 2011 Q3 2012 FY 2011
Export metallurgical 000 t 4,580 4,061 13% 4,496 2% 17,664 14,190 24%
Export thermal 000 t 1,690 1,593 6% 1,674 1% 6,046 6,065 -
Domestic thermal 000 t 2,025 1,766 15% 1,725 17% 6,925 7,362 (6)%
Metallurgical Coal – Production of export metallurgical coal for the quarter was 4.6 Mt, and a
record performance of 17.7 Mt for the full year. All export open cut operations achieved full year
site records for production of saleable tonnes.
For the quarter, metallurgical coal production increased by 13%, driven by a strong performance
in longwall production and the impacts from the partial drift failure and longwall move in
2011. Production at Moranbah increased by 55% compared to Q3 2012, driven by the longwall
productivity. Peace River Coal in Canada increased production by 43% due to a combination of
productivity improvements and upgrades to the coal handling and preparation plant. Coking coal
as a percentage of export metallurgical coal increased by 5% to 74% compared to Q3 2012.
Export thermal coal production, driven by productivity improvements, increased by 6%.
Anglo American continues to focus on delivering growth in premium coking coals and reducing
lower margin tonnes. The brownfield Grosvenor metallurgical coal project in Queensland,
Australia is progressing in line with expectations. All permits and licenses are in place and
engineering and procurement activities are progressing to plan. Construction has commenced on
site with the access road complete and bulk earthworks well under way. Longwall production is
expected to be achieved in 2016.
THERMAL COAL
Q4 2012 Q4 2012 FY 2012
Q4 Q4 Q3 FY FY
Thermal Coal vs. vs. vs.
2012 2011 2012 2012 2011
Q4 2011 Q3 2012 FY 2011
RSA export thermal 000 t 4,659 4,456 5% 4,555 2% 17,132 16,328 5%
Colombia export thermal 000 t 2,662 2,753 (3)% 2,829 (6)% 11,549 10,752 7%
RSA domestic - Eskom 000 t 8,561 9,487 (10)% 9,057 (5)% 33,706 35,296 (5)%
RSA domestic - other 000 t 1,595 1,475 8% 1,531 4% 6,293 5,060 23%
Thermal Coal – Export thermal coal production in South Africa increased by 5% to 4.7 Mt as a
result of the ramp up at Zibulo and a change to include lower calorific value and higher yielding
products at Zibulo and Goedehoop. This was partly offset by the planned closures of high-cost
pits at Kleinkopje.
Domestic coal production decreased by 7% to 10.2 Mt predominantly due to an additional
longwall move at New Denmark.
Cerrejón’s production performance for the quarter decreased marginally as a result of the higher
volume of waste removal. For the full year, improved weather conditions helped Cerrejón to
achieve record production.
COPPER
Q4 2012 Q4 2012 FY 2012
Q4 Q4 Q3 FY FY
Copper vs. vs. vs.
2012 2011 2012 2012 2011
Q4 2011 Q3 2012 FY 2011
Copper t 172,900 170,000 2% 157,300 10% 659,700 599,000 10%
Copper – Production increased by 2% to 172,900 tonnes. Production from Los Bronces
increased by 31%, mainly due to the ramped up Los Bronces expansion project. The expansion
contributed an additional 35,100 tonnes in the quarter, and 177,100 tonnes for the full year. This
was partially offset by lower ore grades.
Collahuasi’s production decreased by 36%, due to planned lower ore grades and lower mill
throughput and recoveries. Ball Mill No. 3, which was shut down for repair in April 2012, was
recommissioned in November 2012 and is operating at capacity. As previously announced, a
shareholder-led team performed a detailed diagnostic review during the second half of 2012 and
a business improvement plan is being implemented. Early indications from the actions taken are
positive and have resulted in a 17% increase in production compared to Q3 2012.
As at the end of 2012, Anglo American had 117,900 tonnes of copper provisionally priced at
359 c/lb. Provisional pricing of copper sales resulted in a positive operating profit adjustment of
$47 million for 2012, versus a negative operating profit adjustment of $278 million in the prior
year.
NICKEL
Q4 2012 Q4 2012 FY 2012
Q4 Q4 Q3 FY FY
Nickel vs. vs. vs.
2012 2011 2012 2012 2011
Q4 2011 Q3 2012 FY 2011
Nickel t 7,400 9,900 (25)% 9,000 (18)% 39,300 29,100 35%
Nickel – Production decreased by 25% to 7,400 tonnes owing to the cessation of production at
Loma de Níquel in Venezuela, which was partly offset by an increased contribution from Barro
Alto.
Barro Alto delivered 4,900 tonnes in the quarter. As previously stated, line 1’s electric furnace
experienced a partial sidewall collapse in October 2012. A decision was taken to rebuild all 4
side-walls, which was completed at the end of November 2012 with the furnace returning to full
production in mid-December 2012.
There was no production at Loma de Níquel in Venezuela in the quarter due to an export ban
and the expiration of three remaining mining concessions at Loma de Níquel on 10 November
2012.
PLATINUM
Q4 2012 Q4 2012 FY 2012
Q4 Q4 Q3 FY FY
Platinum vs. vs. vs.
2012 2011 2012 2012 2011
Q4 2011 Q3 2012 FY 2011
Refined
Platinum 000 oz 704 710 (1)% 649 8% 2,379 2,530 (6)%
Palladium 000 oz 413 393 5% 392 5% 1,396 1,431 (2)%
Rhodium 000 oz 91 97 (6)% 91 1% 311 338 (8)%
Copper t 2,500 2,900 (14)% 2,700 (7)% 11,400 12,800 (11)%
Nickel t 3,900 5,100 (24)% 3,700 5% 17,700 20,300 (13)%
Gold 000 oz 19 28 (34)% 39 (52)% 105 105 -
Equivalent
Platinum 000 oz 416 583 (29)% 626 (34)% 2,219 2,410 (8)%
Platinum – Equivalent refined platinum production decreased by 29% owing to the illegal strike
action at the Rustenburg, Amandelbult and Union mines.
The illegal strike took place between 18 September and 15 November 2012. This resulted in a
loss of platinum production of 272,590 ounces during the quarter. These losses were somewhat
offset by higher output from Mogalakwena, from the joint venture operations and from the BRPM
associate. Refined production of platinum was down 1% at 703,800 ounces as pipeline stocks
continued to be processed through the strike period.
Palladium, Rhodium and Nickel – Refined production of rhodium and nickel decreased by 6%
and 24% respectively, while palladium increased by 5%. Palladium and rhodium variances are a
result of a different source mix from operations and different pipeline processing times for each
metal, whilst nickel production was impacted by the illegal strike and the ongoing technical
challenges in the new nickel tank house at the base metals refinery.
DIAMONDS
Q4 2012 Q4 2012 FY 2012
Q4 Q4 Q3 FY FY
Diamonds vs. vs. vs.
2012 2011 2012 2012 2011
Q4 2011 Q3 2012 FY 2011
Diamonds 000 carats 8,051 6,491 24% 6,375 26% 27,875 31,328 (11)%
Diamonds – De Beers’ operations continued to focus on waste stripping and maintenance
activities initiated in Q4 2011, in response to softer demand. Production in Q4 2012, however,
increased by 26% compared with Q3 2012, following the resumption of operations at Jwaneng,
where the slope failure incident at the end of June 2012 disrupted output.
Production from South African operations (De Beers Consolidated Mines) increased by 69% and
24% versus Q3 2012, helping to address shortfalls following the Jwaneng slope failure.
OTHER MINING & INDUSTRIAL
Q4 2012 Q4 2012 FY 2012
Q4 Q4 Q3 FY FY
Other Mining and Industrial vs. vs. vs.
2012 2011 2012 2012 2011
Q4 2011 Q3 2012 FY 2011
Phosphates t 302,300 274,900 10% 292,300 3% 1,113,000 1,060,900 5%
Niobium t 1,000 1,000 - 1,100 (9)% 4,400 3,900 13%
Amapá 000 t 1,498 1,267 18% 1,534 (2)% 6,072 4,822 26%
Phosphates – Production increased by 10% due to a number of asset optimisation initiatives
which improved overall plant performance at Catalão and Cubatão. Record production of 1.1 Mt
of fertiliser was achieved in 2012, a 5% increase year on year.
Niobium – Production was flat with declining ore quality offset by improvements in both
throughput and recoveries.
Amapá – Production increased by 18% to 1.5 Mt, driven by continuing higher mass recovery in
the beneficiation plant as a result of increased plant stability. Output decreased by 2% compared
with Q3 2012, principally due to planned maintenance.
On 4 January 2013 Anglo American announced the agreed sale of its interest in the Amapá iron
ore operation to Zamin Ferrous Ltd. The transaction is expected to complete in 2013.
EXPLORATION & EVALUATION
Exploration and Evaluation spend for 2012 was $731 million, an increase of 36% compared to
2011, and $205 million for the quarter, an increase of 13%.
Exploration expenditure for the quarter was $71 million, up 74%. Exploration expenditure of
$206 million for 2012 increased by 70% compared to 2011 driven by the inclusion of fully
consolidated De Beers exploration costs following the acquisition of an additional 40% interest in
De Beers as well as increased exploration activity. Expenditure was primarily focused on
opportunities in Australia, Brazil, Canada, Chile, Finland, Peru and several countries in Africa.
Evaluation spend for the quarter was $134 million, down 5%. Evaluation expenditure was
$525 million, an increase of 26% compared to 2011 principally driven by the Copper business
and the ongoing studies at Michiquillay (Peru) and Pebble (Alaska) projects. Evaluation spend
also includes Metallurgical Coal expenditure at Moranbah South and Grosvenor 2 project
(Australia) as well as Iron Ore technical studies including the Minas-Rio expansion project in
Brazil. De Beers evaluation costs are also fully consolidated in 2012.
PRODUCTION SUMMARY
The figures below include the entire output of consolidated entities and the Group’s attributable
share of joint ventures, joint arrangements and associates where applicable, except for De Beers’
joint ventures which are quoted on a 100% basis.
% Change % Change
Q4 2012 Q4 2012 FY 2012
Q4 2012 Q3 2012 Q2 2012 Q1 2012 Q4 2011 vs. vs. FY 2012 FY 2011 vs.
Q3 2012 Q4 2011 FY 2011
Iron Ore & Manganese segment (tonnes)
Kumba Iron Ore
Lump 5,551,000 7,689,900 7,045,500 6,294,100 6,914,800 (28)% (20)% 26,580,500 25,445,100 4%
Fines 3,461,500 4,807,000 4,403,700 3,812,400 4,245,400 (28)% (18)% 16,484,600 15,822,500 4%
Total Kumba production 9,012,500 12,496,900 11,449,200 10,106,500 11,160,200 (28)% (19)% 43,065,100 41,267,600 4%
Kumba sales volumes
RSA export iron ore 8,979,600 9,958,600 10,597,600 10,121,200 9,600,400 (10)% (6)% 39,657,000 37,131,100 7%
RSA domestic iron ore 833,100 1,162,400 1,368,000 1,319,500 1,241,800 (28)% (33)% 4,683,000 6,441,200 (27)%
Samancor
Manganese ore (1) 846,800 858,400 826,400 816,200 722,500 (1)% 17% 3,347,800 2,786,800 20%
Manganese alloys (1) (2) 61,200 52,000 30,200 55,000 78,000 18% (22)% 198,400 300,500 (34)%
Samancor sales volumes
Manganese ore 714,800 820,000 883,200 794,400 691,600 (13)% 3% 3,212,400 2,946,400 9%
Manganese alloys 65,600 48,000 50,800 71,600 78,400 37% (16)% 236,000 314,800 (25)%
Metallurgical Coal segment (tonnes) (3)
Export coking coal 3,387,000 3,095,300 3,234,300 2,145,000 2,702,900 9% 25% 11,861,600 10,226,700 16%
Export PCI 1,193,000 1,400,400 1,611,300 1,598,000 1,357,700 (15)% (12)% 5,802,700 3,963,000 46%
Total export metallurgical (4) 4,580,000 4,495,700 4,845,600 3,743,000 4,060,600 2% 13% 17,664,300 14,189,700 24%
Thermal 3,714,700 3,398,900 3,286,300 2,570,600 3,358,700 9% 11% 12,970,500 13,426,500 (3)%
Weighted average
achieved FOB prices
(US$/t)
Export metallurgical 146 188 192 190 234 (22)% (38)% 178 251 (29)%
Export thermal 83 96 94 113 103 (14)% (19)% 96 101 (5)%
Domestic thermal 37 36 35 39 34 3% 9% 37 35 6%
Sales volumes
Export metallurgical (5) 4,714,000 4,096,800 4,651,500 3,950,700 4,010,900 15% 18% 17,413,000 13,983,000 25%
Export thermal 1,518,800 1,776,300 1,525,400 1,222,100 1,849,900 (14)% (18)% 6,042,600 6,274,400 (4)%
Domestic thermal 1,920,800 1,817,500 1,698,300 1,484,300 1,853,300 6% 4% 6,920,900 7,455,000 (7)%
Production by region:
Australia
Export metallurgical 4,213,700 4,072,700 4,490,900 3,510,100 3,805,000 3% 11% 16,287,400 13,253,300 23%
Thermal 3,714,700 3,398,900 3,286,300 2,570,600 3,358,700 9% 11% 12,970,500 13,426,500 (3)%
Total Australia 7,928,400 7,471,600 7,777,200 6,080,700 7,163,700 6% 11% 29,257,900 26,679,900 10%
Canada
Export metallurgical 366,300 423,000 354,700 232,900 255,600 (13)% 43% 1,376,900 936,300 47%
% Change % Change
Q4 2012 Q4 2012 FY 2012
Q4 2012 Q3 2012 Q2 2012 Q1 2012 Q4 2011 vs. vs. FY 2012 FY 2011 vs.
Q3 2012 Q4 2011 FY 2011
(6)
Thermal Coal segment (tonnes)
RSA export thermal 4,659,100 4,555,300 4,223,500 3,694,200 4,455,900 2% 5% 17,132,100 16,328,400 5%
Colombia export thermal 2,661,700 2,829,400 3,104,700 2,953,000 2,752,700 (6)% (3)% 11,548,800 10,751,700 7%
RSA domestic – Eskom 8,560,600 9,056,900 8,326,200 7,762,700 9,487,000 (5)% (10)% 33,706,400 35,296,000 (5)%
RSA domestic – other 1,594,500 1,530,500 1,560,900 1,533,200 1,390,100 4% 15% 6,219,100 5,059,700 23%
RSA domestic –
metallurgical - - 15,700 58,400 84,500 - (100)% 74,100 323,400 (77)%
Weighted average
achieved FOB prices
(US$/t)
RSA export thermal 84 87 93 104 107 (3)% (21)% 92 114 (19)%
Colombia export thermal 84 86 90 95 98 (2)% (14)% 89 101 (12)%
RSA domestic thermal 21 20 21 22 19 5% 11% 21 21 -
Sales volumes
RSA export thermal 4,511,000 4,400,800 3,720,100 4,518,700 5,146,400 3% (12)% 17,150,600 16,532,100 4%
Colombia export thermal 2,701,700 2,630,300 2,959,600 2,634,000 2,783,700 3% (3)% 10,925,600 10,684,600 2%
RSA domestic thermal 10,192,500 10,468,500 9,909,500 9,447,500 10,842,600 (3)% (6)% 40,018,000 40,136,500 -
Production by region:
South Africa
Export thermal 4,659,100 4,555,300 4,223,500 3,694,200 4,455,900 2% 5% 17,132,100 16,328,400 5%
RSA domestic - Eskom 8,560,600 9,056,900 8,326,200 7,762,700 9,487,000 (5)% (10)% 33,706,400 35,296,000 (5)%
RSA domestic – other 1,594,500 1,530,500 1,560,900 1,533,200 1,390,100 4% 15% 6,219,100 5,059,700 23%
RSA domestic –
metallurgical - - 15,700 58,400 84,500 - (100)% 74,100 323,400 (77)%
Total South Africa 14,814,200 15,142,700 14,126,300 13,048,500 15,417,500 (2)% (4)% 57,131,700 57,007,500 -
Colombia
Export thermal 2,661,700 2,829,400 3,104,700 2,953,000 2,752,700 (6)% (3)% 11,548,800 10,751,700 7%
% Change % Change
Q4 2012 Q4 2012 FY 2012
Q4 2012 Q3 2012 Q2 2012 Q1 2012 Q4 2011 vs. vs. FY 2012 FY 2011 vs.
Q3 2012 Q4 2011 FY 2011
Copper segment (tonnes) (7)
Collahuasi total production 73,800 62,900 68,700 76,700 114,500 17% (36)% 282,100 453,300 (38)%
Collahuasi attributable
32,500 27,700 30,200 33,700 50,500 17% (36)% 124,100 199,500 (38)%
production (8)
Avg sulphide ore grade
(%) 0.74 0.70 0.79 0.80 1.04 6% (29)% 0.76 1.02 (26)%
Los Bronces mine (9) 95,100 87,200 89,800 93,200 72,600 9% 31% 365,300 221,800 65%
Avg sulphide ore grade LB
(%) 0.85 0.79 0.86 0.89 0.92 8% (8)% 0.83 0.90 (8)%
Avg sulphide ore grade
LBDP (%) 0.83 0.79 0.83 0.90 0.74 5% 12% 0.84 0.74 13%
El Soldado mine (9) 15,200 12,500 12,700 13,400 15,400 22% (1)% 53,800 46,900 15%
Avg sulphide ore grade
(%) 0.94 0.72 0.78 0.89 0.93 31% 1% 0.83 0.82 1%
Mantos Blancos mine 13,900 14,100 13,300 12,900 17,700 (1)% (21)% 54,200 72,100 (25)%
Avg sulphide ore grade
(%) 0.59 0.71 0.69 0.58 0.79 (17)% ( 25)% 0.64 0.95 (33)%
Mantoverde mine 16,200 15,800 15,100 15,200 13,800 3% 17% 62,300 58,700 6%
Avg oxide ore grade (%) 0.63 0.65 0.68 0.58 0.61 (3)% 3% 0.63 0.62 2%
Total copper production 214,200 192,500 199,600 211,400 234,000 11% (8)% 817,700 852,800 (4)%
Attributable copper
production (10) 172,900 157,300 161,100 168,400 170,000 10% 2% 659,700 599,000 10%
Attributable sales
volumes 177,900 150,200 160,200 155,200 177,000 18% 1% 643,500 608,300 6%
Nickel segment (tonnes) (11)
Codemin 2,500 2,500 2,500 2,100 2,500 - - 9,600 9,500 1%
Loma de Niquel - 1,800 3,000 3,300 3,300 (100)% (100)% 8,100 13,400 (40)%
Barro Alto 4,900 4,700 5,400 6,600 4,100 4% 20% 21,600 6,200 248%
Total nickel production 7,400 9,000 10,900 12,000 9,900 (18)% (25)% 39,300 29,100 35%
Sales volumes 9,000 7,600 12,600 10,800 6,400 18% 41% 40,000 25,500 57%
Platinum segment
Refined production
Platinum (troy oz) 703,800 649,000 623,000 402,800 710,000 8% (1)% 2,378,600 2,530,100 (6)%
Palladium (troy oz) 413,300 392,100 355,500 235,000 392,700 5% 5% 1,395,900 1,430,700 (2)%
Rhodium (troy oz) 91,200 90,500 75,100 53,900 96,800 1% (6)% 310,700 337,600 (8)%
Copper (tonnes) 2,500 2,700 3,300 2,900 2,900 (7)% (14)% 11,400 12,800 (11)%
Nickel (tonnes) 3,900 3,700 5,400 4,700 5,100 5% (24)% 17,700 20,300 (13)%
Gold (troy oz) 18,600 38,500 24,100 24,000 28,000 (52)% (34)% 105,200 105,100 0%
Equivalent refined
Platinum (troy oz) 416,000 626,300 583,600 593,200 583,200 (34)% (29)% 2,219,100 2,410,100 (8)%
4E built-up head grade
(g/tonne milled) 3.22 3.32 3.09 3.20 3.27 (3)% (2)% 3.20 3.24 (1)%
Diamonds segment (diamonds recovered – carats) (12)
Debswana 5,537,000 4,385,000 5,345,000 4,949,000 4,643,000 26% 19% 20,216,000 22,890,000 (12)%
Namdeb 470,000 419,000 460,000 318,000 429,000 12% 10% 1,667,000 1,335,000 25%
De Beers Consolidated
Mines 1,547,000 1,247,000 964,000 674,000 913,000 24% 69% 4,432,000 5,443,000 (19)%
De Beers Canada 497,000 324,000 472,000 267,000 506,000 53% (2)% 1,560,000 1,660,000 (6)%
Total diamonds
production 8,051,000 6,375,000 7,241,000 6,208,000 6,491,000 26% 24% 27,875,000 31,328,000 (11)%
% Change % Change
Q4 2012 Q4 2012 FY 2012
Q4 2012 Q3 2012 Q2 2012 Q1 2012 Q4 2011 vs. vs. FY 2012 FY 2011 vs.
Q3 2012 Q4 2011 FY 2011
Other Mining and Industrial segment (tonnes) (13)
Phosphates
Copebrás 302,300 292,300 271,500 246,900 274,900 3% 10% 1,113,000 1,060,900 5%
Niobium
Catalão 1,000 1,100 1,200 1,100 1,000 (9)% - 4,400 3,900 13%
Amapá(14)
Sinter feed 536,000 519,300 536,700 508,000 404,900 3% 32% 2,100,000 1,401,000 50%
Pellet feed 540,300 607,800 514,800 560,300 495,300 (11)% 9% 2,223,200 1,948,300 14%
Spiral concentrates 421,700 407,200 416,500 503,700 366,900 4% 15% 1,749,100 1,472,200 19%
Total Amapá production 1,498,000 1,534,300 1,468,000 1,572,000 1,267,100 (2)% 1 8% 6,072,300 4,821,500 26%
Amapá sales volumes 1,769,400 1,422,700 1,278,800 1,443,500 1,374,000 24% 29% 5,914,400 4,799, 400 23%
(1) Saleable production
(2) Production includes medium carbon ferro-manganese
(3) Includes Peace River Coal, which was reclassified from Other Mining and Industrial to Metallurgical Coal in 2011 to align with internal management
reporting. Comparatives have been reclassified to align with current presentation
(4) Within export coking and export PCI coals there are different grades of coal with different weighted average prices compared to benchmark
(5) Includes both hard coking coal and PCI product sales volumes
(6) Includes capitalised Zibulo sales of 1,580,700 (export) and 632,200 (domestic) tonnes for the year ended 31 December 2012
(7) Excludes Anglo American Platinum’s copper production
(8) Anglo American share of attributable production is 44% of total production
(9) Anglo American previously held 74.5% of AA Sur but, as of 24 August 2012, now holds 50.06%. Production is stated at 100% as Anglo American
continues to consolidate AA Sur
(10) Difference between total copper production and attributable copper production is Anglo American’s 44% interest in Collahuasi
(11) Excludes Anglo American Platinum’s nickel production
(12) On 16 August 2012 Anglo American completed its acquisition of an additional 40% interest in De Beers increasing Anglo American’s total shareholding
to 85%. Production data is disclosed on a 100% basis. Post completion of the acquisition, De Beers Consolidated Mines and De Beers Canada are
fully consolidated subsidiaries and Debswana and Namdeb are joint ventures proportionately consolidated at 19.2% (post implied taxes) and 50%
respectively. The Diamond Trading Company and Diamdel sell a significant portion of total production on behalf of operations based on contractual
agreements in place
(13) Excludes Tarmac and Scaw Metals
(14) Amapá was reclassified from Iron Ore Brazil to Other Mining and Industrial in H1 2012 to align with internal management reporting. Comparatives have
been reclassified to align with current presentation
Note:
Production figures are sometimes more precise than the rounded numbers shown in the
commentary of this report. The percentage change will reflect the percentage change using the
production figures shown in the Production Summary of this report.
Forward-looking statements:
This contains certain forward looking statements which involve risk and uncertainty because they
relate to events and depend on circumstances that occur in the future. There are a number of
factors that could cause actual results or developments to differ materially from those expressed
or implied by these forward looking statements.
For further information, please contact:
Media Investors
UK UK
James Wyatt-Tilby Leng Lau
Tel: +44 (0)20 7968 8759 Tel: +44 (0)20 7968 8540
Emily Blyth Caroline Crampton
Tel: +44 (0)20 7968 8481 Tel: +44 (0)20 7968 2192
South Africa Sarah McNally
Pranill Ramchander Tel: +44 (0)20 7968 8747
Tel: +27 (0)11 638 2592
Notes to editors:
Anglo American is one of the world’s largest mining companies, is headquartered in the UK and
listed on the London and Johannesburg stock exchanges. Anglo American’s portfolio of mining
businesses spans bulk commodities – iron ore and manganese, metallurgical coal and thermal
coal; base metals – copper and nickel; and precious metals and minerals – in which it is a global
leader in both platinum and diamonds. Anglo American is committed to the highest standards of
safety and responsibility across all its businesses and geographies and to making a sustainable
difference in the development of the communities around its operations. The company’s mining
operations, extensive pipeline of growth projects and exploration activities span southern Africa,
South America, Australia, North America, Asia and Europe. www.angloamerican.com
Sponsor: UBS South Africa (Pty) Ltd
11
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