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ANGLO AMERICAN PLC - Production Report for the second quarter ended 30 June 2013

Release Date: 18/07/2013 09:00
Code(s): AGL     PDF:  
Wrap Text
Production Report for the second quarter ended 30 June 2013

Anglo American plc (“the Company”)
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name: Anglo
Share code: AGL
ISIN number: GB00B1XZS820


Anglo American plc
Production Report for the second quarter ended 30 June 2013

Overview

-     Kumba Iron Ore production decreased marginally by 1% to 11.3 Mt as weaker
      production at Sishen, following the recovery from the strike in H2 2012, was offset
      by a strong performance at Kolomela

-     Export metallurgical coal production decreased by 9% to 4.4 Mt due to strategic
      production cuts executed in 2012 in anticipation of weakening market conditions, a
      planned longwall move at Moranbah and the recovery following adverse weather
      conditions

-     Export thermal coal production from South Africa decreased by 5% to 4.0 Mt.
      Cerrejón production decreased marginally to 3.0 Mt following the strong recovery
      after the strike in Q1 2013

-     Copper production(1) increased 14% to 182,900 tonnes, with 13% higher production
      at Los Bronces and a 25% increase at Collahuasi

-     Nickel production(2) decreased by 22% to 8,500 tonnes due to the permanent
      cessation of production at Loma de Níquel, partially offset by higher production at
      Barro Alto

-     Platinum equivalent refined production increased by 2% to 594,000 ounces despite
      intermittent illegal industrial action

-     Diamond production increased by 10% to 7.9 million carats due to favourable ore
      grades at Orapa and Jwaneng, offset by lower production from Venetia following
      flooding in January 2013

-     Phosphates production increased by 15% to 312,300 tonnes due to performance
      improvement and increased plant availability

-     Niobium production decreased by 8% to 1,100 tonnes reflecting expected declining
      ore grade, partially offset by operational improvements


This Production Report for the second quarter ended 30 June 2013 is unaudited.

Interim Results for the six months to 30 June 2013 will be announced on 26 July 2013,
07:00 BST.
(1)    Copper production from the Copper business unit
(2)    Nickel production from the Nickel business unit

IRON ORE AND MANGANESE

                                                    Q2 2013            Q2 2013                     H1 2013
                                   Q2        Q2                 Q1                 H1       H1
 Iron Ore and Manganese                               vs.                vs.                         vs.
                                  2013      2012               2013               2013     2012
                                                     Q2 2012            Q1 2013                     H1 2012
 Iron ore                 000 t   11,278    11,449     (1)%    10,335       9%    21,613   21,556       -
 Manganese ore            000 t     864      826        5%      803        8%     1,667    1,643       2%
 Manganese alloy          000 t      73       30      141%       57       26%      130       85       53%


Iron Ore – Production from Kumba Iron Ore decreased marginally by 1% to 11.3 Mt, as weaker
production at Sishen was offset by a strong performance at Kolomela. Production at Sishen mine
suffered from low supply of higher grade material as the mine continued to recover from stock
drawdowns during the unprotected strike in Q4 2012. Production volumes at Kolomela, which
successfully ramped up in 2012, increased by 49% to 2.6 Mt, reflecting 3 months of full
production during the quarter.

Export sales volumes decreased by 4% to 10.2 Mt, due to lower stockpiles and production as
Sishen continues to recover from the unprotected strike in Q4 2012. Finished product stockpile
levels amounted to 3.3 Mt, a decrease of 11% compared to Q2 2012.

Manganese Ore – Production increased by 5% to 0.9 Mt, a quarterly record benefitting from
improved plant availability at GEMCO in Australia.

Manganese Alloy – Production increased by 141% to 73,000 tonnes due the temporary
cessation of production at TEMCO in Q2 2012.

METALLURGICAL COAL

                                                    Q2 2013            Q2 2013                     H1 2013
                                   Q2       Q2                 Q1                 H1       H1
 Metallurgical Coal                                   vs.                vs.                         vs.
                                  2013     2012               2013               2013     2012
                                                    Q2 2012            Q1 2013                     H1 2012

 Metallurgical – Export   000 t    4,396    4,846     (9)%     4,615     (5)%     9,010    8,589       5%
 Thermal – Export         000 t    1,513    1,499       1%     1,494       1%     3,007    2,683      12%
 Thermal – Domestic       000 t    1,725    1,787     (3)%     1,073      61%     2,798    3,174    (12)%


Metallurgical Coal – Export metallurgical coal production decreased by 9% to 4.4 Mt due to
strategic production cuts executed in 2012 in anticipation of weakening market conditions, a
planned longwall move at Moranbah and recovery at Dawson following adverse weather
conditions in Q1 2013. This was partially offset by improved longwall cutting hours at Moranbah.

The strategic production focus and Moranbah’s improvement had a favourable impact on the
product mix, with hard coking coal (HCC) to pulverised coal injection (PCI) increasing by 8% in
H1 2013 compared to H1 2012.

Aquila, a bord and pillar operation producing around 0.5 Mtpa of hard coking coal, will be placed
under care and maintenance from 30 July 2013, as a result of weaker prices.

Export thermal coal production was in line at 1.5 Mt.




                                                                                                             2
THERMAL COAL

                                                     Q2 2013             Q2 2013                         H1 2013
                                  Q2        Q2                  Q1                    H1        H1
 Thermal Coal                                          vs.                 vs.                             vs.
                                 2013      2012                2013                  2013      2012
                                                     Q2 2012             Q1 2013                         H1 2012

South Africa
Thermal – Export     000 t       4,015     4,224      (5)%     3,909       3%        7,924     7,918        -
Thermal – Domestic
(Eskom)              000 t       8,767     8,326       5%      8,130       8%        16,896    16,089      5%
Thermal – Domestic
(Non-Eskom)          000 t       1,574     1,577       1%      1,519       4%        3,093     3,094        -
Colombia
Thermal – Export     000 t       3,014     3,105      (3)%     1,512      99%        4,526     6,058      (25)%


Thermal Coal – Export thermal coal production in South Africa decreased by 5% to 4.0 Mt
primarily due to mining through poorer than planned geology at Goedehoop.

Domestic thermal coal production for Eskom increased by 5% to 8.8 Mt, owing to improved
machine availability and higher longwall production at New Denmark.

Cerrejón recovered strongly following the strike in Q1 2013, with production only marginally lower
than Q2 2012’s record production.

COPPER

                                                     Q2 2013             Q2 2013                           H1 2013
                                   Q2        Q2                  Q1                     H1        H1
 Copper                                                vs.                 vs.                               vs.
                                  2013      2012                2013                   2013      2012
                                                     Q2 2012             Q1 2013                           H1 2012

 Copper                      t   182,900   161,100      14%    170,400       7%      353,300    329,500        7%


Copper – Production increased by 14% to 182,900 tonnes in line with expectations, due to
higher production across all businesses except Mantoverde. Production guidance for 2013 is
maintained at 680,000 tonnes, against a backdrop of continued caution around the operating
performance recovery and stability, particularly at Collahuasi.

Production from Los Bronces increased by 13% to 101,700 tonnes with a strong performance at
the new Confluencia plant. Los Bronces’ mine development is progressing, with mine congestion
and continuity of ore feed to the two processing plants continuing to improve. The increased mill
throughput, however, was partially offset by lower ore grades.

Production from Collahuasi increased by 25% to 37,700 tonnes due to a return to higher ore
grades and recoveries despite a planned 49 day shutdown of SAG Mill 3 for a stator motor
replacement and repowering which was successfully completed in May 2013. Following re-
commissioning of the mill, Collahuasi’s mill throughput has improved in line with expectations.

Production at El Soldado increased by 9% to 13,900 tonnes as a result of higher grades. Mantos
Blancos production increased 14% to 15,200 tonnes due to increased cathode production from
dump leaching.

A negative provisional pricing adjustment of $189 million was recorded in H1 2013 compared to a
positive price adjustment of $20 million in H1 2012, resulting in a realised price of 318 c/lb for H1
2013 versus 370 c/lb for H1 2012.




                                                                                                                   3
NICKEL

                                                                          Q2 2013                      Q2 2013                                      H1 2013
                                                 Q2            Q2                           Q1                           H1             H1
 Nickel                                                                     vs.                          vs.                                          vs.
                                                2013          2012                         2013                         2013           2012
                                                                          Q2 2012                      Q1 2013                                      H1 2012

 Nickel                                 t       8,500        10,900          (22)%          6,200           37%         14,700         22,900         (36)%


Nickel – Production decreased by 22% to 8,500 tonnes, driven by the permanent cessation of
production at Loma de Níquel in Venezuela in November 2012. Loma de Níquel produced 3,000
tonnes in Q2 2012. This was partially offset by higher production at Barro Alto, which increased
by 13% to 6,100 tonnes. Production at Barro Alto continues to ramp-up, but was affected by a
number of stoppages during the quarter. It is expected that Barro Alto will produce approximately
20,000 – 25,000 tonnes in 2013.

PLATINUM

                                                                          Q2 2013                       Q2 2013                                     H1 2013
                                                 Q2            Q2                           Q1                            H1            H1
 Platinum                                                                   vs.                           vs.                                         vs.
                                                2013          2012                         2013                          2013          2012
                                                                          Q2 2012                       Q1 2013                                     H1 2012
 Refined
 Platinum                       000 oz             582          623          (7)%            439          32%           1,021          1,026           -
 Palladium                      000 oz             320          356         (10)%            264          21%             583            591          (1)%
 Rhodium                        000 oz              70           75          (7)%             57          24%             126            129          (2)%
           (1)
 Copper - Refined                           t    1,900         3,300         (42)%          2,000           (5)%          3,900         6,200         (37)%
 Copper(1) - Matte                          t    4,100                -             -              -              -       4,100                -        -
 Nickel(1) - Refined                        t    3,400         5,400         (37)%          3,300             3%          6,700        10,100         (34)%
 Nickel(1) - Matte                          t    5,400                -             -              -              -       5,400                -        -
 Gold                           000 oz               16            24        (32)%               23        (30)%              40             48       (18)%
 Equivalent
 Platinum                       000 oz             594            584            2%            583            2%          1,177         1,177           -
 (1)    Nickel and copper refined through third parties is now shown as production of nickel matte and copper matte. Nickel and copper matte, per the table,
        reflects matte sold to a third party in Q2 2013 from 2012 and 2013 production stockpile. Nickel matte production in 2012: 3.2 Kt; H1 2013: 2.2 Kt. Copper
        matte production 2012: 2.4 Kt; H1 2013: 1.7 Kt


Platinum – Equivalent refined platinum production increased by 2% to 594 koz, with own
operations contributing 397 koz. Underground mining performance was impacted by illegal
industrial actions, a national bus driver strike which impacted employees’ ability to commute to
work and labour shortages. This was exacerbated by the lack of flexibility, in the current labour
environment, to redeploy employees to operations where there is a skills shortage. Equivalent
refined platinum production from joint ventures and associates, inclusive of both mined and
purchased production, increased by 2% to 182 koz. Equivalent refined platinum production in the
Q2 2012 included 11 koz from non-managed Marikana joint venture which was placed on care
and maintenance in June 2012. On a comparative basis, excluding non-managed Marikana joint
venture, operating mines improved production by 14 koz or 8%. Equivalent refined platinum
ounces purchased from third parties increased from 15 koz to 16 koz.

Refined platinum production decreased by 7% to 582 koz due to three separate production
incidents at the converting plant in April 2013 which resulted in lower output into the refinery. The
incidents were resolved and the converting plant operated at a steady state level by the end of
the quarter.

Palladium, Rhodium and Nickel – Refined production of palladium and rhodium decreased by
10% and 7% respectively. Palladium and rhodium variances are a result of a different source mix
from operations and different pipeline processing times for each metal. Nickel production
continued to be affected by technical challenges in the new nickel tank house, however,
production improved in the quarter as the company sold nickel matte to a third party. Anglo
American Platinum sold 5,400 tonnes of nickel matte and 4,100 tonnes of copper matte to a third
party during Q2 2013.

                                                                                                                                                              4
DIAMONDS

                                                   Q2 2013             Q2 2013                           H1 2013
                                 Q2        Q2                 Q1                      H1        H1
 Diamonds                                            vs.                 vs.                               vs.
                                2013      2012               2013                    2013      2012
                                                   Q2 2012             Q1 2013                           H1 2012

 Diamonds         000 carats     7,931    7,241      10%     6,364        25%        14,295    13,449        6%


Diamonds – Production increased by 10% to 7.9 million carats, largely reflecting improved
grades at Orapa and Jwaneng, offset by lower recoveries at Venetia following flooding in January
2013. Production at Venetia decreased by 60%, with shortfalls mitigated through the processing
of ore stockpiles. Restoration of full operations is expected during H2 2013.

Production at Jwaneng in Botswana continues to recover from the impact of the slope failure
incident in June 2012, which is expected to be fully resolved during Q3 2013.

OTHER MINING AND INDUSTRIAL

                                                   Q2 2013              Q2 2013                          H1 2013
                                 Q2        Q2                  Q1                      H1        H1
 Other Mining and Industrial                         vs.                  vs.                              vs.
                                2013      2012                2013                    2013      2012
                                                   Q2 2012              Q1 2013                          H1 2012

 Phosphates                t   312,300   271,500      15%    284,400       10%       596,700   518,400      15%
 Niobium                   t     1,100     1,200      (8)%     1,100        -          2,200     2,300      (4)%


Phosphates – Production increased by 15% to 312,300 tonnes due to improved performance
following optimised maintenance scheduling, increased plant availability and enhanced
performance at the acidulation plant and granulation plants.

Niobium – Production decreased by 8% to 1,100 tonnes, with declining ore quality, as expected,
partially offset by improvements to throughput and recoveries.


EXPLORATION AND EVALUATION
Exploration and Evaluation expenditure for Q2 2013 totalled $132 million, a decrease of 24%.

Exploration expenditure in Q2 2013 was $45 million, an increase of $5m, driven by the inclusion
of De Beers partially offset by a reduction in central exploration expenses.

Evaluation expenditure for the quarter was $87 million, a decrease of 35%. Evaluation
expenditure is mainly focused on iron ore, metallurgical coal, copper and diamonds.




                                                                                                               5
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

                                                                                                  Q2 2013       Q2 2013                                 H1 2013
                                                                                                                                H1           H1
                                      Q2 2013     Q1 2013     Q4 2012     Q3 2012     Q2 2012       vs.           vs.                                     vs.
                                                                                                                               2013         2012
                                                                                                  Q1 2013       Q2 2012                                 H1 2012

Iron Ore & Manganese segment
(tonnes)

Kumba Iron Ore

Lump                                  6,866,400   6,190,300   5,551,000   7,689,900   7,045,500       11%          (3)%     13,056,700    13,339,600        (2)%

Fines                                 4,411,400   4,144,700   3,461,500   4,807,000   4,403,700        6%           -        8,556,100     8,216,100         4%

Total Kumba production               11,277,800 10,335,000    9,012,500 12,496,900 11,449,200          9%          (1)%     21,612,800    21,555,700                     -

Kumba sales volumes

RSA export iron ore                  10,178,300   9,945,100   8,979,600   9,958,600 10,597,600         2%          (4)%     20,123,400    20,718,800        (3)%

RSA domestic iron ore                 1,132,500    882,000     833,100    1,162,400   1,368,000       28%         (17)%       2,014,500    2,687,500       (25)%

Samancor

Manganese ore (1)                      864,200     803,400     846,800     858,400     826,400         8%            5%       1,667,600    1,642,600         2%

Manganese alloys (1) (2)                72,800      57,300      61,200      52,000      30,200        27%          141%        131,000       85,200         53%

Samancor sales volumes

Manganese ore                          793,800     864,300     714,800     820,000     883,200       (8)%         (10)%       1,658,100    1,677,600        (1)%

Manganese alloys                        68,400      63,100      65,600      48,000      50,800         8%           35%        131,500      122,000          8%

Metallurgical Coal segment
(tonnes)

Metallurgical - Export coking coal    3,111,900   3,324,800   3,387,000   3,095,300   3,234,300      (6)%          (4)%       6,436,700    5,379,300        20%

Metallurgical - Export PCI            1,283,800   1,289,800   1,193,000   1,400,400   1,611,300             -     (20)%       2,573,600    3,209,300       (20)%

Total Metallurgical – Export          4,395,700   4,614,600   4,580,000   4,495,700   4,845,600      (5)%          (9)%       9,010,300    8,588,600         5%

Thermal                               3,238,400   2,566,800   3,714,700   3,398,900   3,286,300       26%          (1)%       5,805,200    5,856,900        (1)%


Weighted average achieved FOB
prices (US$/t)

Metallurgical – Export (3)                 153         148         146         188         192         3%         (20)%            151          191        (21)%

Thermal – Export                            84          90          83          96          94       (7)%         (11)%             87          103        (16)%

Thermal – Domestic                          40          37          37          36          35         8%           14%              39          37          5%

Sales volumes

Metallurgical - Export (4)            4,667,100   4,336,200   4,714,000   4,096,800   4,651,500        8%           -         9,003,300    8,602,200         5%

Thermal – Export                      1,505,300   1,506,600   1,518,800   1,776,300   1,525,400         -          (1)%       3,011,900    2,747,500        10%

Thermal – Domestic                    1,700,000   1,109,100   1,920,800   1,817,500   1,698,300       53%           -         2,809,100    3,182,600       (12)%


Production by region:
Australia

Metallurgical – Export                3,947,200   4,151,100   4,213,700   4,072,700   4,490,900      (5)%         (12)%       8,098,300    8,001,000         1%

Thermal                               3,238,400   2,566,800   3,714,700   3,398,900   3,286,300       26%          (1)%       5,805,200    5,856,900        (1)%

Total Australia                       7,185,600   6,717,900   7,928,400   7,471,600   7,777,200        7%          (8)%      13,903,500   13,857,900         -

Canada

Metallurgical – Export                 448,500     463,500     366,300     423,000     354,700       (3)%           26%        912,000      587,600         55%




                                                                                                                                                              6
                                                                                                          % Change                                      % Change

                                                                                                      Q2 2013       Q2 2013                             H1 2013
                                                                                                                                H1           H1
                                  Q2 2013       Q1 2013       Q4 2012       Q3 2012       Q2 2012       vs.           vs.                                 vs.
                                                                                                                               2013         2012
                                                                                                      Q1 2013       Q2 2012                             H1 2012

Thermal Coal segment (tonnes)

South Africa

Thermal - Export                  4,015,200     3,909,200     4,659,100     4,555,300     4,223,500        3%          (5)%   7,924,400    7,917,700        -

Thermal - Domestic (Eskom)        8,766,600     8,129,800     8,560,600     9,056,900     8,326,200        8%            5%  16,896,400   16,088,900        5%

Thermal - Domestic (Non-Eskom)    1,573,800     1,518,800     1,594,500     1,530,500     1,560,900        4%            1%   3,092,600    3,094,100        -

Metallurgical - Domestic                    -             -             -             -     15,700          -        (100)%        -          74,100       (100)%

Colombia

Thermal - Export                  3,014,300     1,512,000     2,661,700     2,829,400     3,104,700       99%          (3)%   4,526,300    6,057,700       (25)%


Weighted average achieved FOB
prices (US$/t)

South Africa

Thermal - Export                        76            83            84            87            93       (8)%         (18)%           80           99      (19)%

Thermal - Domestic                      19            20            21            20            21       (5)%         (10)%           20           21       (5)%

Colombia

Thermal - Export                        75            77            84            86            90       (3)%         (17)%           76           92      (17)%

Sales volumes

South Africa

Thermal - Export                  4,049,100     3,914,900     4,511,000     4,400,800     3,720,100        3%            9%   7,964,000    7,917,700         1%

Thermal - Domestic               10,243,400     9,565,800 10,192,500 10,468,500           9,909,500        7%            3%   19,809,200  19,357,000         2%

Colombia

Thermal - Export                  3,157,100     1,773,500     2,701,700     2,630,300     2,959,600       78%            7%   4,930,600    5,593,600       (12)%


Production by region:
South Africa

Thermal - Export                  4,015,200     3,909,200     4,659,100     4,555,300     4,223,500        3%          (5)%   7,924,400    7,917,700          -

Thermal – Domestic (Eskom)        8,766,600     8,129,800     8,560,600     9,056,900     8,326,200        8%            5%  16,896,400   16,088,900          5%

Thermal – Domestic (Non-Eskom)    1,573,800     1,518,800     1,594,500     1,530,500     1,560,900        4%            1%   3,092,600    3,094,100          -

Metallurgical - Domestic                    -             -             -             -     15,700          -        (100)%        -          74,100      (100)%

Total South Africa               14,355,600 13,557,800 14,814,200 15,142,700 14,126,300                    6%            2%  27,913,400   27,174,800          3%

Colombia

Thermal - Export                  3,014,300     1,512,000     2,661,700     2,829,400     3,104,700       99%          (3)%   4,526,300    6,057,700       (25)%




                                                                                                                                                             7
                                                                                                          % Change                                      % Change

                                                                                                      Q2 2013       Q2 2013                             H1 2013
                                                                                                                                 H1           H1
                                          Q2 2013     Q1 2013     Q4 2012     Q3 2012     Q2 2012       vs.           vs.                                 vs.
                                                                                                                                2013         2012
                                                                                                      Q1 2013       Q2 2012                             H1 2012

Copper segment (tonnes) (5)

Collahuasi total production                 85,800      66,900      73,800      62,900      68,700       28%           25%      152,700      145,400         5%

Collahuasi attributable production (6)      37,700      29,400      32,500      27,700      30,200       28%           25%       67,100       63,900         5%
                                    (7)
Avg sulphide grade (%TCu)                      1.00        0.75        0.74        0.70        0.79      33%           27%          0.88         0.79       11%

Los Bronces mine (8)                       101,700      98,300      95,100      87,200      89,800        3%           13%      200,000      183,000         9%

Avg sulphide grade LB (%TCu)                   0.82        0.80        0.85        0.79        0.86       2%           (5)%         0.81         0.87       (7)%

Avg sulphide grade LBDP (%TCu)                 0.80        0.79        0.83        0.79        0.83       1%           (4)%         0.80         0.86       (7)%

El Soldado mine (8)                         13,900      15,600      15,200      12,500      12,700      (11)%           9%       29,500       26,100        13%

Avg sulphide grade (% TCu)                     0.91        1.03        0.94        0.72        0.78     (12)%          17%          0.97         0.84       15%

Mantos Blancos mine                         15,200      12,400      13,900      14,100      13,300       23%           14%       27,600       26,200         5%

Avg sulphide grade (% ICu) (9)                 0.69        0.54        0.59        0.71        0.69      28%              -         0.61         0.63       (3)%

Mantoverde mine                             14,400      14,700      16,200      15,800      15,100       (2)%          (5)%      29,100       30,300        (4)%

Avg oxide grade (% ASCu) (10)                  0.58        0.61        0.63        0.65        0.68      (5)%         (15)%         0.60         0.63       (5)%

Total copper production                    231,000     207,900     214,200     192,500     199,600       11%           16%      438,900      411,000         7%

Attributable copper production (11)        182,900     170,400     172,900     157,300     161,100        7%           14%      353,300      329,500         7%

Attributable sales volumes                 176,700     160,300     177,900     150,200     160,200       10%           10%      337,000      315,400         7%

Nickel segment (tonnes) (12)

Barro Alto                                   6,100       4,100       4,900       4,700       5,400       49%           13%       10,200       12,000       (15)%

Loma de Niquel                                    -           -           -      1,800       3,000              -    (100)%            –       6,300      (100)%

Codemin                                      2,400       2,100       2,500       2,500       2,500       14%           (4)%       4,500        4,600        (2)%

Total nickel production                      8,500       6,200       7,400       9,000      10,900       37%          (22)%      14,700       22,900       (36)%

Sales volumes                                6,300       7,100       9,000       7,600      12,600      (11)%         (50)%      13,400       23,400       (43)%

Platinum segment

Refined production

Platinum (troy oz)                         581,800     439,200     703,800     649,000     623,000       32%           (7)%    1,021,000    1,025,800             -

Palladium (troy oz)                        319,700     263,600     413,300     392,100     355,500       21%          (10)%     583,300      590,500        (1)%

Rhodium (troy oz)                           69,800      56,500      91,200      90,500      75,100       24%           (7)%     126,300      129,000        (2)%
                             (13)
Copper refined (tonnes)                      1,900       2,000       2,500       2,700       3,300       (5)%         (42)%       3,900        6,200       (37)%

Copper matte (tonnes) (13)                   4,100            -           -           -           -             -         -       4,100             -             -

Nickel refined (tonnes) (13)                 3,400       3,300       3,900       3,700       5,400        3%          (37)%       6,700       10,100       (34)%

Nickel matte (tonnes) (13)                   5,400            -           -           -           -             -         -       5,400             -             -

Gold (troy oz)                              16,300      23,300      18,600      38,500      24,100      (30)%         (32)%      39,600       48,100       (18)%

Equivalent refined

Platinum (troy oz)                         594,000     583,000     416,000     626,300     583,600        2%            2%     1,177,000    1,176,800             -

4E built-up head grade (g/tonne milled         3.24        3.22        3.22        3.32        3.09       1%            5%          3.25         3.15        3%

Diamonds segment
(diamonds recovered – carats) (14)

Debswana                                  6,369,000   4,535,000   5,537,000   4,385,000   5,345,000      40%           19%    10,904,000   10,294,000        6%

Namdeb                                     423,000     429,000     470,000     419,000     460,000       (1)%          (8)%     852,000      778,000        10%

De Beers Consolidated Mines                639,000    1,002,000   1,547,000   1,247,000    964,000      (36)%         (34)%    1,641,000    1,638,000             -

De Beers Canada                            500,000     398,000     497,000     324,000     472,000       26%            6%      898,000      739,000        22%

Total diamonds production                 7,931,000   6,364,000   8,051,000   6,375,000   7,241,000      25%           10%    14,295,000   13,449,000        6%




                                                                                                                                                            8
                                                                                                          % Change                                    % Change

                                                                                                     Q2 2013       Q2 2013                            H1 2013
                                                                                                                                H1          H1
                                       Q2 2013      Q1 2013      Q4 2012     Q3 2012     Q2 2012       vs.           vs.                                vs.
                                                                                                                               2013        2012
                                                                                                     Q1 2013       Q2 2012                            H1 2012

Other Mining and Industrial
segment (tonnes) (15)

Phosphates                               312,300      284,400     302,300     292,300      271,500        10%          15%     596,700     518,400        15%

Niobium                                    1,100        1,100        1,000       1,100       1,200             -      (8)%        2,200      2,300        (4)%


(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 now shown as production of nickel matte and copper matte. Nickel and copper matte, per the table,
          reflects matte sold to a third party in Q2 2013 from 2012 and 2013 production stockpile. Nickel matte production in 2012: 3.2 Kt; H1 2013: 2.2 Kt.
          Copper matte production 2012: 2.4 Kt; H1 2013: 1.7 Kt
(14)      Production data for De Beers is disclosed on a 100% basis
(15)      Excludes Amapá, Tarmac and Scaw Metals



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
                                                                                                                                                           9

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