Wrap Text
Anglo American plc
Interim management statement for the third quarter ended 30 september 2013
Anglo American plc
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name: Anglo
Share code: AGL
ISIN number: GB00B1XZS820
(the "Company")
Anglo American plc
Interim Management Statement for the third quarter ended 30 September
Overview
- Kumba Iron Ore production decreased by 24% to 9.5 Mt following weaker
production at Sishen which was partially offset by a strong performance at Kolomela
- Export metallurgical coal production increased by 9% to a record 4.9 Mt due to
continued longwall performance improvements which more than offset the planned
closure at Aquila
- Export thermal coal production from South Africa decreased by 1% to 4.5 Mt.
Cerrejón production increased to 3.2 Mt, a 13% increase, as the operation
maintained a strong recovery post the strike in Q1 2013
- Copper production(1) increased by 32% to 207,300 tonnes, with 22% higher
production at Los Bronces and a 130% increase at Collahuasi
- Nickel production increased by 7% to 9,600 tonnes, with higher production at Barro
Alto more than offsetting the permanent cessation of production at Loma de Níquel.
Production at Barro Alto increased by 51% to 7,100 tonnes
- Niobium production increased by 7% to 1,100 tonnes, reflecting operational
improvements at the plants and improved grades
- Phosphates production increased by 5% to 326,300 tonnes due to performance
improvements and increased plant availability
- Platinum equivalent refined production was flat at 623,000 ounces. In line with the
restructuring plans, Khomanani, Khuseleka 2 and Union North Decline were placed
on long term care and maintenance
- Diamond production increased by 21% to 7.7 million carats, primarily owing to the
Jwaneng mine recovering fully from the slope failure in June 2012
This Interim Management Statement for the third quarter ended 30 September 2013 is
unaudited.
(1) Copper production from the Copper business unit
(2) Nickel production from the Nickel business unit
IRON ORE AND MANGANESE
Q3 2013 Q3 2013 YTD 2013
Q3 Q3 Q2 YTD YTD
Iron Ore and Manganese vs. vs. vs.
2013 2012 2013 2013 2012
Q3 2012 Q2 2013 YTD 2012
Iron ore 000 t 9,474 12,497 (24)% 11,278 (16)% 31,087 34,053 (9)%
Manganese ore 000 t 788 858 (8)% 864 (9)% 2,455 2,501 (2)%
Manganese alloy 000 t 55 52 5% 73 (25)% 185 137 35%
Iron Ore – Production from Kumba Iron Ore decreased by 24% to 9.5 Mt, as weaker production
at Sishen was partly offset by a strong performance at Kolomela. Production at Sishen mine was
impacted by ongoing pit constraints and section 54 regulatory safety stoppages in August 2013.
The Sishen mine pit is currently operating at a quarterly run rate of approximately 8 Mt. A plan to
address the current pit constraints and a longer term operational strategy is expected to be
presented by the end of the year. Production at Kolomela increased by 12% to 2.8 Mt and is
expected to produce approximately 10 Mt in 2013, in excess of its original design capacity of 9
Mtpa.
Export sales volumes decreased by 5% to 9.4 Mt, mainly owing to lower production at Sishen
mine and the annual maintenance shutdown of the rail and port by Transnet; this was partially
offset by Kolomela mine’s production gains. Finished product stockpile levels amounted to 2.2
Mt, a decrease of 60%. Export sales volumes for 2013 are anticipated to be lower than the
previously guided 40 Mt and are dependent on production levels.
Manganese Ore – Production decreased by 8% to 788,000 tonnes, due to the planned
shutdown at Hotazel in South Africa and lower recoveries at GEMCO in Australia.
Manganese Alloy – Production increased by 5% to 54,800 tonnes due to the temporary
cessation of production at TEMCO in 2012.
METALLURGICAL COAL
Q3 2013 Q3 2013 YTD 2013
Q3 Q3 Q2 YTD YTD
Metallurgical Coal vs. vs. vs.
2013 2012 2013 2013 2012
Q3 2012 Q2 2013 YTD 2012
Metallurgical – Export 000 t 4,912 4,496 9% 4,396 12% 13,922 13,084 6%
Thermal – Export 000 t 1,672 1,674 - 1,513 11% 4,679 4,357 7%
Thermal – Domestic 000 t 1,753 1,725 2% 1,725 2% 4,551 4,899 (7)%
Metallurgical Coal – Export metallurgical coal production increased by 9% to 4.9 Mt, a record
quarterly performance, owing to continued longwall performance improvements at underground
operations. As planned, Aquila mine, a bord and pillar operation producing 0.5 Mtpa, was placed
on care and maintenance at the end of July 2013. Q4 production will be impacted by planned
longwall moves at Moranbah and Grasstree.
Export thermal coal production of 1.7 Mt was in line and increased by 11% compared to Q2 2013
owing to improved equipment performance.
THERMAL COAL
Q3 2013 Q3 2013 YTD 2013
Q3 Q3 Q2 YTD YTD
Thermal Coal vs. vs. vs.
2013 2012 2013 2013 2012
Q3 2012 Q2 2013 YTD 2012
South Africa
Thermal – Export 000 t 4,505 4,555 (1)% 4,015 12% 12,429 12,473 -
Thermal – Domestic
(Eskom) 000 t 9,053 9,057 - 8,767 3% 25,950 25,146 3%
Thermal – Domestic
(Non-Eskom) 000 t 1,665 1,531 9% 1,574 6% 4,758 4,625 1%
Colombia
Thermal – Export 000 t 3,184 2,829 13% 3,014 6% 7,711 8,887 (13)%
Thermal Coal – Export thermal coal production in South Africa decreased by 1% to 4.5 Mt.
Production increases at Greenside and Kleinkopje were offset by challenging mining conditions
at the rest of the mines. In line with improved railing performance, export sales volumes
exceeded production by 8%.
Domestic thermal coal production for Eskom was in line, while non-Eskom domestic thermal coal
production increased by 9% to 1.7 Mt due to additional production at Isibonelo.
Cerrejón production increased by 13% to 3.2 Mt as production was ramped up to recover
volumes lost from the strike in Q1 2013.
COPPER
Q3 2013 Q3 2013 YTD 2013
Q3 Q3 Q2 YTD YTD
Copper vs. vs. vs.
2013 2012 2013 2013 2012
Q3 2012 Q2 2013 YTD 2012
Copper t 207,300 157,300 32% 182,900 13% 560,600 486,800 15%
Copper – Record quarterly copper production of 207,300 tonnes, an increase of 32%, was
driven by improved operating performance and grades at Los Bronces and Collahuasi.
Production at Los Bronces increased by 22% to 106,400 tonnes owing to a continued strong
performance at the Confluencia plant. Reduced mine congestion and de-bottlenecking at the
primary crushers have improved continuity of ore supply and throughput at both processing
plants. Improvements implemented in the Confluencia milling and flotation processes have also
resulted in higher recoveries.
Production from Collahuasi increased by 130% to 63,600 tonnes. This significant increase
reflects the ball mill breakdown and SAG 3 mill under performance in 2012. Following the SAG 3
stator motor replacement and repowering in Q2 2013, mill throughput has increased with
performance for the quarter in line with expected capacity. Production was also higher as a result
of the planned return to higher grades and recoveries.
Production at El Soldado decreased by 25% to 9,400 tonnes, reflecting lower grades. In addition,
as a result of encountering a major fault intersection, development of the next major phase of ore
supply at the mine has slowed and production is expected to be lower for the next two years.
NICKEL
Q3 2013 Q3 2013 YTD 2013
Q3 Q3 Q2 YTD YTD
Nickel vs. vs. vs.
2013 2012 2013 2013 2012
Q3 2012 Q2 2013 YTD 2012
Nickel t 9,500 9,000 6% 8,500 14% 24,200 31,900 (24)%
Nickel – Production increased by 7% to 9,600 tonnes, with higher production at Barro Alto more
than offsetting the permanent cessation of production at Loma de Níquel in Venezuela in
November 2012. Loma de Níquel produced 1,800 tonnes in Q3 2012.
Production at Barro Alto increased by 51% to 7,100 tonnes due to a series of improvements that
are yielding better operational stability. However, to eliminate certain faults on a permanent basis,
a furnace re-design and rebuild is required. The furnace rebuilds are in the planning phase and
are expected to take place in 2014 and 2015. Full production rates expected to be achieved in
2016.
NIOBIUM & PHOSPHATES
Q3 2013 Q3 2013 YTD 2013
Q3 Q3 Q2 YTD YTD
Niobium & Phosphates vs. vs. vs.
2013 2012 2013 2013 2012
Q3 2012 Q2 2013 YTD 2012
Niobium t 1,100 1,100 7% 1,100 - 3,300 3,400 (2)%
Phosphates t 326,300 311,100 5% 300,500 9% 900,200 831,300 8%
Niobium – Production increased by 5% due to operational improvements at Boa Vista and the
tailings plant, resulting in increased throughput and recovery, respectively. The richer niobium
pentoxide grade materials from the tailings plant also improved performance.
Phosphates – Fertiliser production increased by 7% due to enhanced performance following
improved maintenance scheduling, increased plant availability and better performance at the
acidulation and granulation plants.
PLATINUM
Q3 2013 Q3 2013 YTD 2013
Q3 Q3 Q2 YTD YTD
Platinum vs. vs. vs.
2013 2012 2013 2013 2012
Q3 2012 Q2 2013 YTD 2012
Refined
Platinum 000 oz 666 649 3% 582 14% 1,687 1,675 1%
Palladium 000 oz 369 392 (6)% 320 16% 953 983 (3)%
Rhodium 000 oz 85 91 (6)% 70 22% 211 220 (4)%
Copper(1) - Refined t 2,600 2,700 (4)% 1,900 37% 6,500 8,900 (27)%
Copper(1) - Matte t 300 - - 4,100 (93)% 4,400 -
Nickel(1) - Refined t 4,900 3,700 32% 3,400 44% 11,600 13,800 (16)%
Nickel(1) - Matte t 300 - - 5,400 (94)% 5,700 -
Gold 000 oz 34 39 (12)% 16 107% 74 87 (15)%
Equivalent
Platinum 000 oz 623 626 (1)% 594 5% 1,800 1,803 0%
(1) Nickel and copper refined through third parties is shown as production of nickel matte and copper matte. Nickel and copper matte, per the table, reflects
matte sold to a third party in Q3 2013 from 2012 and 2013 production stockpile. Nickel matte production in 2012: 3.2 Kt; YTD 2013: 2.5 Kt. Copper matte
production 2012: 2.4 Kt; YTD 2013: 2.0 Kt
Platinum – Equivalent refined platinum production was flat at 623,000 ounces. Production from
own operations and the Western Limb Tailings Retreatment was 406,000 ounces, 5% decrease
due to the planned mine closures and challenges in redeploying staff to mines with labour
shortages. Production from joint ventures and associates, inclusive of both mine and purchased
production, increased by 9% to 199,000 ounces.
In line with the restructuring plans, Khomanani mine, Khuseleka 2 shaft and Union North Decline
were placed on long term care and maintenance in September. As a result, Platinum production
at the Rustenburg mines, was 132,000 ounces, an 11% decrease and 13% decrease compared
with Q2 2013. Production at Bathopele mine was impacted by the loss of two lives in an incident
in July 2013. Production at the Tumela and Dishaba mines decreased by 10% due to safety
stoppages and shortages of production crews and supervisors. Mogalakwena production
increased by 20% as a result of higher milled volume and improved concentrator recovery.
Refined platinum production at 666,000 ounces increased by 3% and by 14% versus Q2 2013,
primarily due to improved performance at the Anglo American Platinum Converting Process
(ACP) plant, which is operating at a steady state level after issues were resolved at the end of
Q2 2013.
Platinum experienced industrial action at Rustenburg and the North of the Pilanesburg
operations between 27 September 2013 and 10 October 2013. Approximately 44,000 platinum
ounces of production were lost as a result.
Palladium, Rhodium and Nickel – Refined production of palladium and rhodium decreased by
6% and 6% respectively as a result of a different source mix from operations and changed
pipeline processing times for each metal. Refined nickel production increased by 44% following
the resolution of technical challenges in the new nickel tank house, and continued ramp up.
DIAMONDS
YTD
Q3 2013 Q3 2013
Q3 Q3 Q2 YTD YTD 2013 vs.
Diamonds vs. vs.
2013 2012 2013 2013 2012 YTD
Q3 2012 Q2 2013
2012
Diamonds 000 carats 7,732 6,375 21% 7,931 (3)% 22,027 19,824 11%
Diamonds – Production increased by 21% to 7.7 million carats, largely owing to the full
restoration of operations at Jwaneng following the slope failure incident in June 2012. This was
partly offset by unplanned maintenance at one of the two Orapa processing plants. Production
from Canada was significantly higher due to increased mining volumes and grade at Snap Lake.
Production at Debswana decreased by 14% compared to Q2 2013 due to the Orapa plant
maintenance and lower grades at Jwaneng. Production at Venetia continues to improve
following the recovery from the impact of the pit flooding earlier in the year.
EXPLORATION AND EVALUATION
Exploration and Evaluation expenditure for Q3 2013 totalled $131 million, a decrease of 38%.
Exploration expenditure in Q3 2013 was $50 million, a decrease of $14 million as a result of
reductions across all businesses more than offsetting the extra outlay resulting from inclusion of
De Beers from August 2012.
Evaluation expenditure for the quarter was $81 million, a decrease of 46% driven by reductions
in copper, iron ore and metallurgical coal.
SIGNIFICANT TRANSACTIONS
On 16 September 2013, Anglo American announced that its wholly owned subsidiary Anglo
American (US) Pebble LLC had given notice under the Pebble limited partnership agreement that
it was withdrawing from the Pebble copper project in Alaska. Anglo American expects to record
an impairment charge of $300 million at 31 December 2013 on a post-tax basis.
On 25 September 2013, Anglo American announced it had agreed revised terms for the sale of
its 70% interest in the Amapá iron ore operation in Brazil ("Amapá") to Zamin Ferrous Ltd.
("Zamin"). The sale was announced in January 2013; however in March 2013, prior to the
completion of the transaction, a major geological event occurred at the Santana port facility
which resulted in the destruction of the port shiploader infrastructure and sampling tower and the
tragic loss of six lives. In light of these circumstances, Anglo American entered into further
discussions with its partner Cliffs Natural Resources ("Cliffs") and Zamin. Anglo American
subsequently entered into an agreement with Cliffs to acquire its 30% interest in Amapá and has
now agreed to amend the sale agreement with Zamin, including to reflect Anglo American’s
disposal of a 100% interest in Amapá to Zamin. Anglo American has agreed to sell 100% of
Amapá to Zamin for an initial total consideration of approximately $136 million, subject to certain
adjustments at completion plus the repayment of any inter-company balances. In addition, Zamin
will pay Anglo American conditional deferred consideration of up to a maximum of $130 million in
total, payable over a five year period and calculated on the basis of the market price for iron ore.
As part of the transaction, Anglo American will assume responsibility for, and the risks and
rewards of, the insurance claim in relation to the Santana port incident by acquiring the claim at
full claim value. The transaction is expected to close by the end of the year and is subject to
Amapá state regulatory approval.
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
Q3 2013 Q3 2013 YTD 2013
YTD YTD
Q3 2013 Q2 2013 Q1 2013 Q4 2012 Q3 2012 vs. vs. vs.
2013 2012
Q2 2013 Q3 2012 YTD 2012
Iron Ore & Manganese segment
(tonnes)
Kumba Iron Ore
Lump 5,614,100 6,866,400 6,190,300 5,551,000 7,689,900 (18)% (27)% 18,670,800 21,029,500 (11)%
Fines 3,860,500 4,411,400 4,144,700 3,461,500 4,807,000 (12)% (20)% 12,416,600 13,023,100 (5)%
Total Kumba production 9,474,600 11,277,800 10,335,000 9,012,500 12,496,900 (16)% (24)% 31,087,400 34,052,600 (9)%
Kumba sales volumes
RSA export iron ore 9,422,400 10,178,300 9,945,100 8,979,600 9,958,600 (7)% (5)% 29,545,800 30,677,400 (4)%
RSA domestic iron ore 1,312,200 1,131,500 882,000 833,100 1,162,400 16% 13% 3,325,700 3,849,900 (14)%
Samancor
Manganese ore (1) 788,100 864,200 803,400 846,800 858,400 (9)% (8)% 2,455,700 2,501,000 (2)%
Manganese alloys (1) (2) 54,800 72,800 57,300 61,200 52,000 (25)% 5% 184,900 137,000 35%
Samancor sales volumes
Manganese ore 766,100 793,800 864,300 714,800 820,000 (3)% (7)% 2,424,200 2,380,000 2%
Manganese alloys 56,800 68,400 63,100 65,600 48,000 (17)% 18% 188,300 170,000 11%
Metallurgical Coal segment
(tonnes)
Metallurgical - Export coking coal 3,465,500 3,111,900 3,324,800 3,387,000 3,095,300 11% 12% 9,902,200 8,474,600 17%
Metallurgical - Export PCI 1,446,400 1,283,800 1,289,800 1,193,000 1,400,400 13% 3% 4,020,000 4,609,700 (13)%
Total Metallurgical – Export 4,911,900 4,395,700 4,614,600 4,580,000 4,495,700 12% 9% 13,922,200 13,084,300 6%
Thermal 3,424,700 3,238,400 2,566,800 3,714,700 3,398,900 6% 1% 9,229,900 9,255,800 -
Weighted average achieved
FOB prices (US$/t)
Metallurgical – Export (3) 129 153 148 146 188 (16)% (31)% 142 190 (25)%
Thermal – Export 82 84 90 83 96 (2)% (15)% 86 100 (14)%
Thermal – Domestic 39 40 37 37 36 (3)% 8% 39 36 8%
Sales volumes
Metallurgical - Export (4) 4,859,000 4,667,100 4,336,200 4,714,000 4,096,800 4% 19% 13,862,300 12,699,000 9%
Thermal – Export 1,477,900 1,505,300 1,506,600 1,518,800 1,776,300 (2)% (17)% 4,489,800 4,523,800 (1)%
Thermal – Domestic 1,684,300 1,700,000 1,109,100 1,920,800 1,817,500 (1)% (7)% 4,493,400 5,000,100 (10)%
Production by region:
Australia
Metallurgical – Export 4,497,700 3,947,200 4,151,100 4,213,700 4,072,700 14% 10% 12,596,000 12,073,700 4%
Thermal 3,424,700 3,238,400 2,566,800 3,714,700 3,398,900 6% 1% 9,229,900 9,255,800 -
Total Australia 7,922,400 7,185,600 6,717,900 7,928,400 7,471,600 10% 6% 21,825,900 21,329,500 2%
Canada
Metallurgical – Export 414,200 448,500 463,500 366,300 423,000 (8)% (2)% 1,326,200 1,010,600 31%
% Change % Change
Q3 2013 Q3 2013 YTD 2013
YTD YTD
Q3 2013 Q2 2013 Q1 2013 Q4 2012 Q3 2012 vs. vs. vs.
2013 2012
Q2 2013 Q3 2012 YTD 2012
Thermal Coal segment (tonnes)
South Africa
Thermal - Export 4,504,900 4,015,200 3,909,200 4,659,100 4,555,300 12% (1)% 12,429,300 12,473,000 0%
Thermal - Domestic (Eskom) 9,053,200 8,766,600 8,129,800 8,560,600 9,056,900 3% 0% 25,949,600 25,145,800 3%
Thermal - Domestic (Non-Eskom) 1,665,300 1,573,800 1,518,800 1,594,500 1,530,500 6% 9% 4,757,900 4,624,600 3%
Metallurgical - Domestic - - - - - - - - 74,100 (100)%
Colombia
Thermal - Export 3,184,900 3,014,300 1,512,000 2,661,700 2,829,400 6% 13% 7,711,200 8,887,100 (13)%
Weighted average achieved FOB
prices (US$/t)
South Africa
Thermal - Export 74 76 83 84 87 (3)% (15)% 78 95 (18)%
Thermal - Domestic 18 19 20 21 20 (5)% (10)% 19 21 (10)%
Colombia
Thermal - Export 70 75 77 84 86 (7)% (19)% 73 90 (19)%
Sales volumes
South Africa
Thermal - Export 4,877,600 4,049,100 3,914,900 4,511,000 4,400,800 20% 11% 12,841,600 12,639,600 2%
Thermal - Domestic 10,429,100 10,243,400 9,565,800 10,192,500 10,468,500 2% - 30,238,300 29,825,500 1%
Colombia
Thermal - Export 3,154,800 3,157,100 1,773,500 2,701,700 2,630,300 0% 20% 8,085,400 8,223,900 (2)%
Production by region:
South Africa
Thermal - Export 4,504,900 4,015,200 3,909,200 4,659,100 4,555,300 12% (1)% 12,429,300 12,473,000 0%
Thermal – Domestic (Eskom) 9,053,200 8,766,600 8,129,800 8,560,600 9,056,900 3% 0% 25,949,600 25,145,800 3%
Thermal – Domestic (Non-Eskom) 1,665,300 1,573,800 1,518,800 1,594,500 1,530,500 6% 9% 4,757,900 4,624,600 3%
Metallurgical - Domestic - - - - - - % - 74,100 (100)%
Total South Africa 15,223,400 14,355,600 13,557,800 14,814,200 15,142,700 6% 1% 43,136,800 42,317,500 2%
Colombia
Thermal - Export 3,184,900 3,014,300 1,512,000 2,661,700 2,829,400 6% 13% 7,711,200 8,887,100 (13)%
8
% Change % Change
Q3 2013 Q3 2013 YTD 2013
YTD YTD
Q3 2013 Q2 2013 Q1 2013 Q4 2012 Q3 2012 vs. vs. vs.
2013 2012
Q2 2013 Q3 2012 YTD 2012
Copper segment (tonnes) (5)
Collahuasi total production 144,700 85,800 66,900 73,800 62,900 69% 130% 297,400 208,300 43%
(6)
Collahuasi attributable production 63,600 37,700 29,400 32,500 27,700 69% 130% 130,700 91,600 43%
Avg sulphide grade (%TCu) (7) 1.21 1.00 0.75 0.74 0.70 21% 73% 1.01 0.76 33%
Los Bronces mine (8) 106,400 101,700 98,300 95,100 87,200 5% 22% 306,400 270,200 13%
Avg sulphide grade LB (%TCu) 0.83 0.82 0.80 0.85 0.79 1% 5% 0.82 0.83 (1)%
Avg sulphide grade LBDP (%TCu) 0.84 0.80 0.79 0.83 0.79 5% 6% 0.81 0.83 (2)%
El Soldado mine (8) 9,400 13,900 15,600 15,200 12,500 (32)% (25)% 38,900 38,600 1%
Avg sulphide grade (% TCu) 0.65 0.91 1.03 0.94 0.72 (29)% (10)% 0.87 0.80 9%
Mantos Blancos mine 13,500 15,200 12,400 13,900 14,100 (11)% (4)% 41,100 40,300 2%
Avg sulphide grade (% ICu) (9) 0.69 0.69 0.54 0.59 0.71 0% (3)% 0.64 0.66 (3)%
Mantoverde mine 14,100 14,400 14,700 16,200 15,800 (2)% (11)% 43,200 46,100 (6)%
Avg oxide grade (% ASCu) (10) 0.55 0.58 0.61 0.63 0.65 (5)% (15)% 0.58 0.64 (9)%
Total copper production 288,100 231,000 207,900 214,200 192,500 25% 50% 727,000 603,500 20%
Attributable copper production (11) 207,300 182,900 170,400 172,900 157,300 13% 32% 560,600 486,800 15%
Attributable sales volumes 216,700 176,700 160,300 177,900 150,200 23% 44% 553,700 465,600 19%
Nickel segment (tonnes) (12)
Barro Alto 7,100 6,100 4,100 4,900 4,700 16% 51% 17,300 16,700 4%
Loma de Niquel - - - - 1,800 - - - 8,100 -
Codemin 2,400 2,400 2,100 2,500 2,500 0% (4)% 6,900 7,100 (3)%
Total nickel production 9,500 8,500 6,200 7,400 9,000 12% 6% 24,200 31,900 (24)%
Sales volumes 9,200 6,300 7,100 9,000 7,600 46% 21% 22,600 31,000 (27)%
Niobium and Phosphates segment
(tonnes)
Niobium 1,100 1,100 1,100 1,000 1,100 0% 7% 3,300 3,400 (3)%
Phosphates 326,300 300,500 273,200 294,200 311,100 9% 5% 900,000 831,300 8%
Platinum segment
Refined production
Platinum (troy oz) 666,400 581,800 439,200 703,800 649,000 14% 3% 1,687,400 1,674,800 1%
Palladium (troy oz) 369,300 319,700 263,600 413,300 392,100 16% (6)% 952,600 982,600 (3)%
Rhodium (troy oz) 84,900 69,800 56,500 91,200 90,500 22% (6)% 211,250 219,500 (4)%
Copper refined (tonnes) (13) 2,600 1,900 2,000 2,500 2,700 37% (4)% 6,500 8,900 (27)%
Copper matte (tonnes) (13) 300 4,100 - - - (93)% - 4,400 - -
Nickel refined (tonnes) (13) 4,900 3,400 3,300 3,900 3,700 44% 32% 11,600 13,800 (16)%
Nickel matte (tonnes) (13) 300 5,400 - - - (94)% - 5,700 - -
Gold (troy oz) 33,700 16,300 23,300 18,600 38,500 107% (12)% 73,300 86,600 (15)%
Equivalent refined
Platinum (troy oz) 622,600 594,500 583,000 416,000 626,300 5% (1)% 1,800,100 1,803,100 0%
4E built-up head grade (g/tonne
milled 3.36 3.24 3.22 3.22 3.32 4% +1% 3.28 3.20 2%
Diamonds segment
(diamonds recovered – carats) (14)
Debswana 5,446,000 6,369,000 4,535,000 5,537,000 4,385,000 (14)% 24% 16,350,000 14,679,000 11%
Namdeb 445,000 423,000 429,000 470,000 419,000 5% 6% 1,297,000 1,197,000 8%
De Beers Consolidated Mines 1,355,000 639,000 1,002,000 1,547,000 1,247,000 112% 9% 2,996,000 2,885,000 4%
De Beers Canada 485,000 500,000 398,000 497,000 324,000 (3)% 50% 1,383,000 1,063,000 30%
Total diamonds production 7,731,000 7,931,000 6,364,000 8,051,000 6,375,000 (3)% 21% 22,026,000 19,824,000 11%
(1) Saleable production
(2) Production includes medium carbon ferro-manganese
(3) Within export coking and export PCI coals there are different grades of coal with different weighted average prices compared to benchmark
(4) Includes both hard coking coal and PCI product sales volumes
(5) Excludes Anglo American Platinum’s copper production
(6) Anglo American share of attributable Collahuasi production is 44% of total production
(7) TCu = total copper
(8) Anglo American previously held 74.5% of AA Sur, as of 24 August 2012, holds 50.1%. Production is stated at 100% as Anglo American continues to
consolidate AA Sur
(9) ICu = insoluble copper (total copper less acid soluble copper)
(10) ASCu = acid soluble copper
(11) Difference between total copper production and attributable copper production is Anglo American’s 44% interest in Collahuasi
(12) Excludes Anglo American Platinum’s nickel production
(13) Nickel and copper refined through third parties is shown as production of nickel matte and copper matte. Nickel and copper matte, per the table,
reflects matte sold to a third party in Q3 2013 from 2012 and 2013 production stockpile. Nickel matte production in 2012: 3.2 Kt; YTD 2013: 2.5 Kt.
Copper matte production 2012: 2.4 Kt; YTD 2013: 2.0 Kt
(14) Production data for De Beers is disclosed on a 100% basis
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.
18 October 2013
Sponsor: UBS South Africa (Pty) Ltd
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 Paul Galloway
Tel: +44 (0)20 7968 8759 Tel: +44 (0)20 7968 8718
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. Our portfolio of mining businesses
meets our customers’ changing needs and spans bulk commodities – iron ore and manganese,
metallurgical coal and thermal coal; base metals and minerals – copper, nickel, niobium and
phosphates; and precious metals and minerals – in which we are a global leader in both
platinum and diamonds. At Anglo American, we are committed to working together with our
stakeholders – our investors, our partners and our employees – to create sustainable value that
makes a real difference, while upholding the highest standards of safety and responsibility
across all our businesses and geographies. The company’s mining operations, pipeline of
growth projects and exploration activities span southern Africa, South America, Australia, North
America, Asia and Europe.
www.angloamerican.com
10
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