Wrap Text
Anglo American plc
Production Report for the first quarter ended 31 March 2015
Anglo American plc
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name JSE: Anglo
Share code JSE: AGL
Short name NSX: Anglo-AMRC NM
Share code NSX: ANM
ISIN number: GB00B1XZS820
(the "Company")
Anglo American plc
Production Report for the first quarter ended 31 March 2015
Overview
Q1 2015 Q1 2014 % vs. Q1 2014
Iron ore – Kumba (Mt) 12.2 11.3 7%
Iron ore – Minas-Rio (Mt)(1) 1.2 - nm(2)
Export metallurgical coal (Mt) 5.0 6.1 (17)%
Export thermal coal (Mt) 8.7 7.9 11%
Copper (t)(3) (4) 171,800 202,000 (15)%
Nickel (t)(5) 6,700 9,200 (27)%
Platinum (equivalent refined) (koz)(6) 536 357 50%
Diamonds (Mct)(7) 7.7 7.5 2%
• Solid Q1 2015 production performance, in line with Anglo American’s expectations.
• Iron ore production from Kumba increased by 7% to 12.2 million tonnes due to improved
equipment productivity at Sishen and plant performance at Kolomela.
• Minas-Rio produced 1.2 million tonnes (wet basis) of iron ore during Q1 2015, a 71% increase
compared to Q4 2014 and broadly in line with ramp-up plans. The port is operating well, with 13
vessels loaded since first ore on ship (FOOS) in October 2014.
• Export metallurgical coal production decreased by 17% following Canadian operation Peace
River Coal being put on care and maintenance in Q4 2014 and Australian production being
impacted by tropical cyclone Marcia.
• Export thermal coal production increased by 11% to 8.7 million tonnes due to increased
productivity and a change in product mix in Australia.
• Copper production decreased by 15% to 171,800 tonnes, as expected, primarily as a result of
the decision to take the smaller of Los Bronces’ two processing plants offline for 51 days in the
quarter to manage water reserve levels.
• Nickel production decreased by 27% to 6,700 tonnes, as expected, due to the scheduled
rebuild of the Barro Alto furnaces, which is under way and on track for completion in Q4 2015.
• Equivalent refined platinum production increased by 50% to 536,000 ounces compared to strike
impacted Q12014, with Mogalakwena delivering a 13% production increase.
• Diamond production increased by 2% to 7.7 million carats, driven primarily by higher grades at
Venetia. Full year production guidance for diamonds has been reduced from 32 to 34 million
carats to 30 to 32 million carats, in light of current trading conditions.
• All other Business Units are performing in line with the delivery of full year production guidance.
(1) Wet basis
(2) Not meaningful (nm)
(3) Copper production from the Copper business unit
(4) Copper production shown on a contained metal basis
(5) Nickel production from the Nickel business unit
(6) Equivalent refined is the mines’ production and purchases of metal in concentrate, secondary metals and other metals converted to equivalent refined production using Anglo American
Platinum’s standard smelting and refining recoveries
(7) De Beers production on 100% basis
2
IRON ORE AND MANGANESE
Q1 2015 Q1 2015
Q1 Q1 Q4
Iron Ore and Manganese vs. vs.
2015 2014 2014
Q1 2014 Q4 2014
Iron ore – Kumba 000 t 12,167 11,328 7% 12,432 (2)%
Iron ore – Minas-Rio(1) 000 t 1,177 - nm 688 71%
Manganese ore 000 t 787 692 14% 882 (11)%
Manganese alloys 000 t 73 65 12% 80 (9)%
(1) Wet basis
Kumba Iron Ore – Production from Kumba Iron Ore increased by 7% to 12.2 million tonnes.
Sishen produced 8.9 million tonnes, an increase of 3%. The implementation of the Operating
Model at Sishen continues to deliver improved equipment productivity. Waste removal increased
by 27% to 49 million tonnes.
Kolomela continued its strong operational performance, producing 3.0 million tonnes, an 18%
increase due to improved plant performance.
Export sales increased by 22% to 11.5 million tonnes, due to higher production and utilisation of
the Multi-Purpose Terminal at Saldanha port. In addition, reclaimer maintenance impacted prior
year sales export volumes from Kolomela.
Total finished product stocks decreased to 6.1 million tonnes as at 31 March 2015 compared with
6.5 million tonnes at year end.
Full year production guidance remains unchanged at 47 to 48 million tonnes.
Iron Ore Brazil – Minas-Rio produced 1.2 million tonnes (wet basis), a 71% increase compared to
Q4 2014 and broadly in line with ramp-up plans, with strong mining activity partially offset by
performance issues at the filtration plant. These issues are being addressed and are not expected to
impact full year guidance. The port is operating as expected, with 13 vessels loaded since first ore
on ship (FOOS) in October 2014.
Full year production guidance remains unchanged at 11 to 14 million tonnes (wet basis).
Nameplate capacity is expected to be reached during the second quarter of 2016, with production
of 24 to 26.5 million tonnes (wet basis) expected in 2016.
Manganese ore – Manganese ore production increased by 14% with good performances across
both regions. South Africa benefited from improved ore recovery and increased plant availability
whilst Australia benefited from higher plant utilisation and favourable ore grades at Gemco.
Manganese alloy – Manganese alloy production increased by 12% due to improved furnace
stability and availability at both Metalloys in South Africa.
3
COAL
Q1 2015 Q1 2015
Q1 Q1 Q4
Coal vs. vs.
2015 2014 2014
Q1 2014 Q4 2014
Australia & Canada
Metallurgical - Export 000 t 4,996 6,053 (17)% 4,932 1%
Thermal - Export 000 t 1,433 769 86% 1,872 (23)%
Thermal - Domestic 000 t 1,650 1,228 34% 1,966 (16)%
South Africa
Thermal - Export 000 t 4,342 4,149 5% 4,783 (9)%
Thermal - Domestic (Eskom) 000 t 6,951 7,407 (6)% 7,435 (7)%
Thermal - Domestic (Non-Eskom) 000 t 1,702 1,360 25% 1,761 (3)%
Colombia
Thermal - Export 000 t 2,975 2,948 1% 3,002 (1)%
Australia and Canada – Export metallurgical coal production decreased by 17% following
Canadian operation Peace River Coal being put on care and maintenance in Q4 2014 and lower
Australian production. Export metallurgical coal production from Australia decreased by 11% to
5.0 million tonnes primarily due to tropical cyclone Marcia impacting Dawson production and
railings due to closure of the Moura rail line. The Dawson coal preparation plant maintenance
shut down was brought forward to partially mitigate the impact on full year production. Production
at Moranbah was impacted by ongoing equipment design issues which should be rectified during
the longwall move planned for Q3 2015. Grasstree continued its strong performance delivering
record production.
Australian export thermal coal production increased by 86% to 1.4 million tonnes due to change in
product mix and increased productivity.
South Africa – Export thermal coal production increased by 5% to 4.3 million tonnes due to
productivity improvements across all export operations.
Eskom production decreased by 6% to 7.0 million tonnes mainly owing to reduced demand for
New Vaal coal and planned reductions at Kriel prior to the move to the new mining areas.
Domestic non-Eskom production increased by 25% to 1.7 million tonnes due to increased
domestic production at Zibulo and Greenside.
Colombia – Cerrejón’s production was broadly unchanged at 3.0 million tonnes.
Full year production guidance remains unchanged at 20 to 21 million tonnes for export
metallurgical coal and 28 to 30 million tonnes for export thermal coal from South Africa and
Colombia.
4
BASE METALS AND MINERALS – COPPER
Q1 2015 Q1 2015
Q1 Q1 Q4
Copper vs. vs.
2015 2014 2014
Q1 2014 Q4 2014
Copper (1) t 171,800 202,000 (15)% 174,800 (2)%
(1) Copper production shown on a contained metal basis
Copper – Copper production decreased by 15% to 171,800 tonnes, 2% lower than Q4 2014.
Production from Los Bronces decreased by 18% to 94,700 tonnes due to lower throughput,
following the planned shutdown of the smaller of the two processing plants for 51 days to manage
water reserve levels, partially offset by higher ore grades. The expected water supply constraints
form part of the mining and processing plans for the year, which include actively managing the use
of the two processing plants. Additional water efficiency and supply projects were implemented
during the period and longer term initiatives are progressing. Production levels are planned to
increase over the remainder of the year as plant operating times increase.
At Collahuasi, attributable production decreased by 12% to 46,000 tonnes. This was primarily due
to lower ore feed as a result of the planned primary crusher and SAG 3 maintenance, as well as
unplanned stoppages caused by adverse weather conditions and recent regional flooding.
El Soldado production decreased by 38% to 6,100 tonnes due to expected lower ore availability
arising from the previously reported intersection with a geological fault.
Production from Mantos Blancos and Mantoverde increased by 3% in aggregate to 25,000 tonnes,
due to operational improvements, despite the impact from heavy rainfall and floods interrupting
operations during the last week of March.
Full year production guidance remains unchanged at 720,000 to 750,000 tonnes.
5
BASE METALS AND MINERALS – NICKEL, NIOBIUM AND PHOSPHATES
NICKEL
Q1 2015 Q1 2015
Q1 Q1 Q4
Nickel vs. vs.
2015 2014 2014
Q1 2014 Q4 2014
Nickel t 6,700 9,200 (27)% 6,700 0%
Nickel – Nickel production decreased by 27% to 6,700 tonnes, due to the planned Line 2 furnace
rebuild at Barro Alto. This rebuild was concluded ahead of schedule, with first metal tapped on 2
April 2015 and production is now ramping-up. The Line 1 rebuild commenced ahead of schedule
given the successful completion of the Line 2 rebuild and is scheduled to complete in Q4 2015.
Production from Codemin was unchanged at 2,300 tonnes.
Full year production guidance remains unchanged at 20,000 to 25,000 tonnes.
NIOBIUM
Q1 2015 Q1 2015
Q1 Q1 Q4
Niobium vs. vs.
2015 2014 2014
Q1 2014 Q4 2014
Niobium t 1,300 1,100 18% 1,300 0%
Niobium – Niobium production increased by 18% to 1,300 tonnes following the start of the ramp-
up of the Boa Vista Fresh Rock (BVFR) plant. Production from existing operations is expected to
increase to 6,800 tonnes once the BVFR plant achieves nameplate capacity in 2017.
PHOSPHATES
Q1 2015 Q1 2015
Q1 Q1 Q4
Phosphates vs. vs.
2015 2014 2014
Q1 2014 Q4 2014
Phosphates
Concentrate t 319,300 347,900 (8)% 355,600 (10)%
Phosphoric Acid t 63,200 53,800 17% 78,600 (20)%
Fertiliser t 238,800 267,200 (11)% 284,900 (16)%
Dicalcium phosphate (DCP) t 36,200 31,600 15% 44,800 (19)%
Phosphates – Concentrate production decreased by 8% to 319,300 tonnes mainly due to an
extended annual stoppage at the beneficiation plant and increased hardness of material.
Phosphoric acid production increased by 17% as Q1 2014 was impacted by a maintenance
stoppage at Catalão, with DCP production similarly increasing by 15%. Fertiliser production
decreased by 11% to 238,800 tonnes due to planned plant maintenance.
6
PLATINUM
Q1 2015 Q1 2015
Q1 Q1 Q4
Platinum vs. vs.
2015 2014 2014
Q1 2014 Q4 2014
Refined
Platinum 000 oz 542 435 25% 574 (5)%
Palladium 000 oz 348 257 36% 358 (3)%
Rhodium 000 oz 65 61 7% 72 (9)%
Copper – Refined t 3,900 3,200 22% 2,600 50%
Copper – Matte(1) t 300 1,200 (75)% 1,400 (79)%
Nickel – Refined t 5,700 4,900 16% 4,800 19%
Nickel – Matte(1) t 400 1,400 (71)% 1,800 (78)%
Gold 000 oz 30 25 19% 29 4%
Equivalent refined
Platinum 000 oz 536 357 50% 594 (10)%
(1) Nickel and copper refined through third parties is shown as production of nickel matte and copper matte
Platinum – Equivalent refined platinum production increased by 50% to 536,000 ounces
compared to 357,000 ounces in Q1 2014, which was impacted by industrial action.
Own mines and tailings retreatment platinum production doubled to 350,000 ounces as operations
reached full ramp-up following the strike in 2014. Lost production in Q1 2014 as a result of the
strike was approximately 185,000 ounces. Mogalakwena production increased by 13% to 100,000
ounces due to improved mining performance, recoveries and higher grades. Rustenburg delivered
106,000 ounces, Union 32,000 ounces and Amandelbult 81,000 ounces. As part of on-going
optimisation of Union, the decline shaft was successfully closed in Q4 2014, reducing annual
production by approximately 60,000 ounces.
Independently managed production (mined and purchased) decreased by 6% to 172,000 ounces
driven mainly by lower production at BRPM and Kroondal. Production was impacted as a result of
a fatal incident at BRPM North shaft in January and Section 54 safety stoppages at Kroondal.
Refined platinum production increased by 25% to 542,000 ounces, following the industrial action
in Q1 2014. Refined palladium and rhodium increased for similar reasons. The mix of metals has
returned to normal compositions as all mines are producing at normal rates.
Full year refined production guidance remains unchanged at 2.3 to 2.4 million ounces.
7
DIAMONDS
Q1 2015 Q1 2015
Diamonds Q1 Q1 Q4
vs. vs.
(100% basis) 2015 2014 2014
Q1 2014 Q4 2014
Diamonds 000 carats 7,665 7,531 2% 8,366 (8)%
De Beers – Diamond production increased by 2% to 7.7 million carats driven primarily by higher
grades at Venetia in South Africa.
Production at DBCM (South Africa) increased by 14% to 1.1 million carats. This was as a result of
higher overall grade at Venetia, due to the commissioning of the Red Area Tailings Treatment
(RATT) plant in mid-2014. The RATT processes higher average grade, lower value material than
run-of-mine ore from the pit.
Debswana’s production decreased by 2% to 5.6 million carats due to a decline in grade at Orapa,
which was largely offset by an increase in throughput at both Jwaneng and Orapa.
Production from the Canadian mines increased by 25% due to productivity improvement initiatives
at both Snap Lake and Victor.
Diamond production decreased by 8% compared to Q4 2014 due to the planned change in mining
area at Venetia, along with a focus on waste mining at Jwaneng.
Full year production guidance has been reduced from 32 to 34 million carats to 30 to 32 million
carats, in light of current trading conditions.
EXPLORATION AND EVALUATION
Exploration and Evaluation expenditure for Q1 2015 totalled $75 million, a decrease of 8%.
Exploration expenditure was $37 million, an increase of 6%, mainly attributable to Copper.
Evaluation expenditure for the quarter was $38 million, down by 19%, primarily in the Kumba Iron
Ore, Coal Australia and Copper businesses.
8
NOTE
This Production Report for the first quarter ended 31 March 2015 is unaudited.
PRODUCTION SUMMARY
The figures below include the entire output of consolidated entities and the Group’s attributable
share of joint operations, associates and joint ventures where applicable, except for De Beers’ joint
ventures which are quoted on a 100% basis.
Q1 2015 Q1 2015
Iron Ore (tonnes) Q1 2015 Q4 2014 Q3 2014 Q2 2014 Q1 2014 vs. vs.
Q4 2014 Q1 2014
Kumba Iron Ore
Lump 7,889,900 8,048,000 8,235,700 7,480,100 7,505,000 (2)% 5%
Fines 4,277,500 4,383,600 4,736,400 3,984,900 3,822,800 (2)% 12%
Total Kumba production 12,167,400 12,431,600 12,972,100 11,465,000 11,327,800 (2)% 7%
Sishen 8,885,500 9,286,300 9,260,200 8,336,600 8,657,500 (4)% 3%
Kolomela 2,972,500 2,727,800 3,379,000 2,948,400 2,512,900 9% 18%
Thabazimbi 309,400 417,500 332,900 180,000 157,400 (26)% 97%
Total Kumba production 12,167,400 12,431,600 12,972,100 11,465,000 11,327,800 (2)% 7%
Kumba sales volumes
RSA export iron ore 11,471,600 11,699,000 9,058,800 10,287,200 9,422,700 (2)% 22%
RSA domestic iron ore 1,434,600 901,800 1,129,200 1,374,000 1,414,800 59% 1%
Minas-Rio
Pellet feed (wet basis) 1,176,700 687,700 - - - 71% nm
Minas-Rio sales volumes
Export – pellet feed (wet basis) 1,294,300 239,600 - - - 440% nm
Samancor
Manganese ore(1) 786,700 882,100 866,000 868,300 692,200 (11)% 14%
Manganese alloys(1)(2) 72,800 80,400 68,400 72,500 64,800 (9)% 12%
Samancor sales volumes
Manganese ore 829,900 841,100 853,000 854,100 833,900 (1)% 0%
Manganese alloys 63,600 72,800 68,400 74,400 79,200 (13)% (20)%
9
Q1 2015 Q1 2015
Coal (tonnes) Q1 2015 Q4 2014 Q3 2014 Q2 2014 Q1 2014 vs. vs.
Q4 2014 Q1 2014
Australia
Metallurgical – Export Coking 3,746,900 3,364,400 3,196,200 2,917,700 3,964,000 11% (5)%
Metallurgical - Export PCI 1,248,800 1,395,800 1,493,900 1,441,800 1,659,300 (11)% (25)%
4,995,700 4,760,200 4,690,100 4,359,500 5,623,300 5% (11)%
Thermal - Export 1,433,200 1,871,600 1,574,600 958,400 769,300 (23)% 86%
Thermal - Domestic 1,649,900 1,966,300 2,074,400 1,846,000 1,227,900 (16)% 34%
3,083,100 3,837,900 3,649,000 2,804,400 1,997,200 (20)% 54%
Canada
Metallurgical - Export Coking - 160,200 385,000 439,200 409,200 (100)% (100)%
Metallurgical - Export PCI - 11,200 15,000 32,000 20,800 (100)% (100)%
- 171,400 400,000 471,200 430,000 (100)% (100)%
South Africa
Thermal - Export 4,341,700 4,782,800 5,007,600 4,273,600 4,149,100 (9)% 5%
Thermal - Domestic (Eskom) 6,950,700 7,434,600 8,000,200 8,146,800 7,406,900 (7)% (6)%
Thermal - Domestic
1,702,000 1,761,400 1,862,800 1,611,200 1,359,500 (3)% 25%
(Non-Eskom)
12,994,400 13,978,800 14,870,600 14,031,600 12,915,500 (7)% 1%
Colombia
Thermal - Export 2,975,000 3,002,300 2,368,800 2,907,700 2,948,200 (1)% 1%
2,975,000 3,002,300 2,368,800 2,907,700 2,948,200 (1)% 1%
Total Metallurgical coal
4,995,700 4,931,600 5,090,100 4,830,700 6,053,300 1% (17)%
production
Total Export Thermal coal
8,749,900 9,656,700 8,951,000 8,139,700 7,866,600 (9)% 11%
production
Total Domestic Thermal coal
10,302,600 11,162,300 11,937,400 11,604,000 9,994,300 (8)% 3%
production
Total Coal production 24,048,200 25,750,600 25,978,500 24,574,400 23,914,200 (7)% 1%
Weighted average achieved US$/t
FOB prices
Australia and Canada
Metallurgical - Export(3) 107 105 105 109 124 2% (14)%
Thermal - Export 61 65 73 82 79 (6)% (23)%
Thermal - Domestic 29 33 34 35 40 (12)% (28)%
South Africa
Thermal - Export 61 63 70 73 77 (3)% (21)%
Thermal - Domestic 18 20 19 19 18 (10)% 0%
Colombia
Thermal - Export 58 65 67 67 68 (11)% (15)%
Sales volumes
Australia and Canada
Metallurgical - Export(4) 5,113,400 5,025,600 5,003,800 5,152,600 5,386,200 2% (5)%
Thermal - Export 1,418,200 2,345,400 1,703,800 897,300 1,019,700 (40)% 39%
Thermal - Domestic 1,591,000 1,989,400 2,102,300 1,870,000 1,331,400 (20)% 19%
South Africa
Thermal - Export 5,195,200 5,139,300 4,473,700 3,982,500 3,977,300 1% 31%
Thermal - Domestic 8,746,600 8,770,400 9,690,900 9,677,500 9,078,500 0% (4)%
Colombia
Thermal - Export 3,005,100 2,732,000 3,076,800 2,858,100 2,647,100 10% 14%
10
Q1 2015 Q1 2015
Coal by mine (tonnes) Q1 2015 Q4 2014 Q3 2014 Q2 2014 Q1 2014 vs. vs.
Q4 2014 Q1 2014
Australia
Callide 1,857,000 2,164,700 2,318,500 1,844,600 1,229,200 (14)% 51%
Capcoal (incl. Grasstree) 2,259,100 2,074,300 1,816,300 1,847,500 1,904,700 9% 19%
Dawson 663,800 1,074,800 1,041,400 1,101,200 1,022,800 (38)% (35)%
Drayton 707,500 920,200 817,000 708,500 659,100 (23)% 7%
Foxleigh 478,300 579,200 551,200 471,200 432,900 (17)% 10%
Grosvenor 51,600 - - - - nm nm
Jellinbah 763,900 757,100 732,800 756,300 677,500 1% 13%
Moranbah North 1,297,600 1,027,800 1,061,900 434,600 1,694,300 26% (23)%
8,078,800 8,598,100 8,339,100 7,163,900 7,620,500 (6)% 6%
Canada
Peace River Coal - 171,400 400,000 471,200 430,000 (100)% (100)%
- 171,400 400,000 471,200 430,000 (100)% (100)%
South Africa
Goedehoop 1,133,800 1,245,800 1,210,200 1,177,200 1,138,400 (9)% 0%
Greenside 927,500 1,010,700 1,003,400 806,500 803,500 (8)% 15%
Zibulo 1,281,100 1,367,900 1,450,000 1,122,500 1,113,400 (6)% 15%
Kleinkopje 860,300 950,200 1,011,500 1,142,700 807,400 (9)% 7%
Landau 979,900 1,208,800 1,195,900 870,900 902,800 (19)% 9%
Mafube 361,500 414,700 525,400 413,500 321,800 (13)% 12%
New Vaal 3,548,600 3,701,400 4,755,200 4,321,200 3,895,000 (4)% (9)%
New Denmark 872,600 1,312,400 724,900 1,091,800 638,800 (34)% 37%
Kriel 1,813,300 1,462,400 1,614,000 1,756,200 2,045,500 24% (11)%
Isibonelo 1,215,800 1,304,500 1,380,100 1,329,100 1,248,900 (7)% (3)%
12,994,400 13,978,800 14,870,600 14,031,600 12,915,500 (7)% 1%
Colombia
Carbones del Cerrejón 2,975,000 3,002,300 2,368,800 2,907,700 2,948,200 (1)% 1%
2,975,000 3,002,300 2,368,800 2,907,700 2,948,200 (1)% 1%
Total Coal production 24,048,200 25,750,600 25,978,500 24,574,400 23,914,200 (7)% 1%
11
Copper (tonnes) on a Q1 2015 Q1 2015
contained metal basis unless Q1 2015 Q4 2014 Q3 2014 Q2 2014 Q1 2014 vs. vs.
stated otherwise(5) Q4 2014 Q1 2014
Collahuasi 100% basis (Anglo
American share 44%)
Ore mined 18,094,700 15,594,200 16,442,500 16,248,500 17,560,100 16% 3%
Ore processed - Oxide 1,333,300 1,552,300 1,744,800 1,659,900 1,700,500 (14)% (22)%
Ore processed - Sulphide 11,060,300 11,991,600 11,689,600 13,194,500 12,060,400 (8)% (8)%
Ore grade processed - Oxide
0.69 0.68 0.78 0.72 0.71 1% (3)%
(% ASCu)(6)
Ore grade processed - Sulphide
1.08 1.10 1.12 1.03 1.09 (2)% (1)%
(% TCu)(7)
Production - Copper cathode 6,500 9,100 6,200 4,400 5,300 (29)% 23%
Production - Copper in
98,000 110,400 104,000 117,400 113,600 (11)% (14)%
concentrate
Total copper production for
104,500 119,500 110,200 121,800 118,900 (13)% (12)%
Collahuasi
Anglo American’s share of
copper production for 46,000 52,600 48,500 53,600 52,300 (13)% (12)%
Collahuasi(8)
Anglo American Sur
Los Bronces mine(9)
Ore mined 13,548,000 15,655,600 14,215,400 15,483,900 12,311,300 (13)% 10%
Marginal ore mined 8,916,800 8,993,400 7,012,900 4,949,400 5,280,400 (1)% 69%
Ore processed – Sulphide 9,250,100 12,739,000 14,202,100 13,911,500 13,295,100 (27)% (30)%
Ore grade processed - Sulphide
1.07 0.75 0.71 0.81 0.88 43% 22%
(% TCu)
Production - Copper cathode 9,000 8,300 9,100 8,900 9,900 8% (9)%
Production - Copper in 85,700 9% (19)%
concentrate 78,900 86,600 97,100 105,700
Production total 94,700 87,200 95,700 106,000 115,600 9% (18)%
El Soldado mine(9)
Ore mined 1,060,800 563,900 210,700 450,300 1,893,500 88% (44)%
Ore processed - Sulphide 1,214,000 1,762,700 1,806,600 1,777,400 1,856,900 (31)% (35)%
Ore grade processed - Sulphide
0.66 0.55 0.53 0.58 0.67 20% (2)%
(% TCu)
Production - Copper cathode 200 400 300 300 200 (50)% 0%
Production - Copper in
5,900 7,000 6,400 8,100 9,700 (16)% (39)%
concentrate
Production total 6,100 7,400 6,700 8,400 9,900 (18)% (38)%
Chagres Smelter(9)
Ore smelted 37,100 28,900 33,300 33,200 36,700 28% 1%
Production 36,000 28,300 32,300 32,400 35,500 27% 1%
Total copper production for
100,800 94,600 102,400 114,400 125,500 7% (20)%
Anglo American Sur
Anglo American Norte
Mantos Blancos mine
Ore processed - Sulphide 1,073,800 1,059,300 1,156,100 1,109,000 1,078,000 1% (0)%
Ore grade processed - Sulphide
0.75 0.75 0.68 0.64 0.69 0% 9%
(% TCu)
Production - Copper cathode 6,900 7,300 6,500 7,900 5,000 (5)% 38%
Production - Copper in
6,800 6,800 6,500 6,300 6,100 0% 11%
concentrate
Production total 13,700 14,100 13,000 14,200 11,100 (3)% 23%
Mantoverde mine
Ore processed - Oxide 2,279,400 2,582,100 2,634,100 2,566,100 2,530,500 (12)% (10)%
Ore processed - Marginal ore 1,496,800 2,274,500 2,077,300 2,189,100 2,105,200 (34)% (29)%
Ore grade processed - Oxide (%
0.51 0.49 0.47 0.48 0.5 3% 1%
ASCu)
Ore grade processed - Marginal
0.22 0.23 0.23 0.23 0.24 (6)% (10)%
ore (% ASCu)
Production - Copper cathode 11,300 13,500 13,000 12,200 13,100 (16)% (14)%
Total copper production for
25,000 27,600 26,000 26,400 24,200 (9)% 3%
Anglo American Norte
Total Copper segment copper
230,300 241,700 238,600 262,600 268,600 (5)% (14)%
production
Total Attributable copper
171,800 174,800 176,900 194,400 202,000 (2)% (15)%
production(10)
Total Attributable payable
166,800 169,700 171,700 186,600 197,900 (2)% (16)%
copper production
Total Attributable sales volumes 164,800 187,400 179,300 180,800 207,600 (12)% (21)%
Total Attributable payable sales
160,100 181,700 173,900 175,400 201,600 (12)% (21)%
volumes
12
Q1 2015 Q1 2015
Nickel (tonnes) unless
Q1 2015 Q4 2014 Q3 2014 Q2 2014 Q1 2014 vs. vs.
stated otherwise(11)
Q4 2014 Q1 2014
Barro Alto
Ore mined 235,300 400,500 1,019,300 736,600 354,000 (41)% (34)%
Ore processed 294,600 276,000 531,900 555,500 464,000 7% (37)%
Ore grade processed - %Ni 1.77 1.86 1.86 1.78 1.78 (5)% (1)%
Production 4,400 4,500 8,300 8,600 6,900 (2)% (36)%
Codemin
Ore mined - - - 6,800 - - -
Ore processed 151,400 151,500 154,100 140,800 147,200 0% 3%
Ore grade processed - %Ni 1.66 1.66 1.67 1.67 1.67 0% (1)%
Production 2,300 2,200 2,400 2,000 2,300 5% 0%
Total Nickel segment nickel
6,700 6,700 10,700 10,600 9,200 0% (27)%
production
Sales volumes 7,500 8,400 8,800 8,900 10,000 (11)% (25)%
Niobium Q1 2015 Q1 2015
(tonnes) unless stated Q1 2015 Q4 2014 Q3 2014 Q2 2014 Q1 2014 vs. vs.
otherwise Q4 2014 Q1 2014
Niobium
Ore mined 291,100 166,300 424,900 356,200 38,500 75% 656%
Ore processed 501,800 377,700 237,900 238,700 229,700 33% 118%
Ore grade processed - %Nb 0.96 1.05 1.08 1.10 0.92 (9)% 4%
Production 1,300 1,300 1,200 1,100 1,100 0% 18%
Sales volumes 1,300 1,100 1,200 1,200 1,100 18% 18%
Phosphates Q1 2015 Q1 2015
(tonnes) unless stated Q1 2015 Q4 2014 Q3 2014 Q2 2014 Q1 2014 vs. vs.
otherwise Q4 2014 Q1 2014
Phosphates
Concentrate 319,300 355,600 362,700 349,500 347,900 (10)% (8)%
Concentrate grade - %P2O5 36.9 36.8 37.3 37.1 36.8 0% 0%
Phosphoric acid 63,200 78,600 81,300 81,300 53,800 (20)% 17%
Fertiliser 238,800 284,900 284,700 275,700 267,200 (16)% (11)%
High analysis fertiliser 37,500 50,200 60,200 44,200 30,100 (25)% 25%
Low analysis fertiliser 201,200 234,600 224,500 231,500 237,100 (14)% (15)%
Dicalcium phosphate (DCP) 36,200 44,800 44,100 43,600 31,600 (19)% 15%
Fertiliser sales volumes 208,500 277,400 311,700 241,000 266,500 (25)% (22)%
Q1 2015 Q1 2015
Platinum Q1 2015 Q4 2014 Q3 2014 Q2 2014 Q1 2014 vs. vs.
Q4 2014 Q1 2014
Refined production
Platinum (troy oz) 542,400 573,700 460,000 420,600 435,200 (5)% 25%
Palladium (troy oz) 348,100 357,700 316,400 294,600 256,700 (3)% 36%
Rhodium (troy oz) 65,000 71,700 48,400 48,700 60,600 (9)% 7%
(12)
Copper refined (tonnes) 3,900 2,600 2,800 3,900 3,200 50% 22%
Copper matte (tonnes)(12) 300 1,400 1,300 2,300 1,200 (79)% (75)%
Nickel refined (tonnes)(12)
5,700 4,800 5,200 5,600 4,900 19% 16%
(12)
Nickel matte (tonnes)
400 1,800 1,800 2,700 1,400 (78)% (71)%
Gold (troy oz) 30,100 28,900 14,600 26,700 25,400 4% 19%
Equivalent refined
Platinum (troy oz) 536,000 593,900 532,800 358,200 357,000 (10)% 50%
4E built-up head grade (g/tonne
milled)(13) 3.14 3.19 3.06 2.77 2.86 (2)% 10%
13
Q1 2015 Q1 2015
De Beers Q1 2015 Q4 2014 Q3 2014 Q2 2014 Q1 2014 vs. vs.
Q4 2014 Q1 2014
Carats recovered
100% basis
Orapa 2,610,000 2,732,000 2,651,000 3,487,000 3,204,000 (4)% (19)%
Letlhakane 188,000 83,000 157,000 177,000 131,000 127% 44%
Damtshaa 57,000 94,000 83,000 70,000 56,000 (39)% 2%
Jwaneng 2,777,000 3,080,000 3,333,000 2,532,000 2,367,000 (10)% 17%
Debswana 5,632,000 5,989,000 6,224,000 6,266,000 5,758,000 (6)% (2)%
Namdeb 96,000 121,000 156,000 199,000 137,000 (21)% (30)%
Debmarine Namibia 366,000 375,000 293,000 310,000 295,000 (2)% 24%
Namdeb Holdings 462,000 496,000 449,000 509,000 432,000 (7)% 7%
Kimberley 221,000 202,000 207,000 154,000 159,000 9% 39%
Venetia 624,000 1,060,000 776,000 834,000 531,000 (41)% 18%
Voorspoed 216,000 140,000 143,000 186,000 242,000 54% (11)%
DBCM 1,061,000 1,402,000 1,126,000 1,174,000 932,000 (24)% 14%
Snap Lake 328,000 301,000 253,000 379,000 268,000 9% 22%
Victor 182,000 178,000 141,000 187,000 141,000 2% 29%
De Beers Canada 510,000 479,000 394,000 566,000 409,000 6% 25%
Total carats recovered 7,665,000 8,366,000 8,193,000 8,515,000 7,531,000 (8)% 2%
(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 sales volumes
(5) Excludes Anglo American Platinum’s copper production
(6) ASCu = acid soluble copper
(7) TCu = total copper
(8) Anglo American’s share of Collahuasi production is 44%
(9) Anglo American ownership interest of Anglo American Sur is 50.1%. Production is stated at 100% as Anglo American consolidates Anglo American Sur
(10) Difference between total copper production and attributable copper production arises from Anglo American’s 44% interest in Collahuasi
(11) Excludes Anglo American Platinum’s nickel production
(12) Nickel and copper refined through third parties is now shown as production of nickel matte and copper matte.
(13) 4E: the grade measured as the combined content of the four most valuable precious metals: platinum, palladium, rhodium and gold
14
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.
23 April 2015
Sponsor: UBS South Africa (Pty) Ltd
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 Edward Kite
Tel: +44 (0)20 7968 8481 Tel: +44 (0)20 7968 2178
South Africa Sarah McNally
Pranill Ramchander Tel: +44 (0)20 7968 8747
Tel: +27 (0)11 638 2592
Shamiela Letsoalo
Tel: +27 (0)11 638 3112
Notes to editors:
Anglo American is a global and diversified mining business that provides the raw materials
essential for economic development and modern life. Our people are at the heart of our business.
It is our people who use the latest technologies to find new resources, plan and build our mines
and who mine, process and move and market our products – from bulk commodities and base
metals to precious metals and diamonds (through De Beers) – to our customers around the
world. Our diversified portfolio of products spans the economic development cycle and, as a
responsible miner, we are the custodians of precious resources. We work together with our key
partners and stakeholders to unlock the long-term value that those resources represent for our
shareholders, but also for the communities and countries in which we operate – creating
sustainable value and making a real difference. Our mining operations, growth projects and
exploration and marketing activities extend across southern Africa, South America, Australia,
North America, Asia and Europe.
www.angloamerican.com
Date: 23/04/2015 08:08:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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