Wrap Text
Production report for the first quarter ended 31 March 2016
Anglo American plc
(Incorporated in England and Wales)
(Registration number: 3564138)
Registered office: 20 Carlton House Terrace, London, SW1Y 5AN
ISIN: GBOOB1XZS820
JSE Share Code: AGL
NSX Share Code: ANM
Production Report for the first quarter ended 31 March 2016
Overview
Q1 2016 Q1 2015 % vs. Q1 2015
Diamonds (Mct)(See Note 1) 6.9 7.7 (10)%
Platinum (produced ounces) (koz)(See Note 2) 567 544 4%
Copper (t)(See Note 3, 4 and 5) 146,500 146,800 -
Nickel (t)(See Note 6) 11,200 6,700 67%
Iron ore – Kumba (Mt) 8.9 12.2 (27)%
Iron ore – Minas-Rio (Mt)(See Note 7) 3.3 1.2 185%
Export metallurgical coal (Mt) 4.5 5.0 (9)%
Export thermal coal (Mt) 7.7 8.7 (13)%
Mark Cutifani, Anglo American Chief Executive, said “The Q1 2016 operating results are in line
with the equivalent period of 2015 on a copper equivalent basis (See Note 8) and reflect the major
restructuring programme under way and our ongoing efficiency and cost reduction strategy. They
also demonstrate the market discipline we continue to show in our key markets, particularly
diamonds and platinum, and are consistent with our restructuring plans as we focus on lower cost
and higher margin assets. We are encouraged that the actions we have taken in diamonds are
continuing to have a positive effect, while operational productivity continues on an upward
trajectory. As a consequence of our solid progress, our production guidance for 2016 remains
unchanged.”
- Diamond production decreased by 10% to 6.9 million carats, reflecting the decision to reduce
production in response to trading conditions in 2015.
- Platinum production (expressed as metal in concentrate)(See Note 2) increased by 4% to 567,000 ounces
driven primarily by increases at Amandelbult and Mogalakwena. Refined platinum production
decreased by 52% due to a planned stocktake and a Section 54 safety stoppage at the
Precious Metals Refinery (PMR) for 12 days.
- Copper production from the retained operations (excluding the AA Norte assets that were sold
effective 1 September 2015) was in line with Q1 2015. Overall production decreased by 15%.
- Nickel production increased by 67% to 11,200 tonnes following the successful completion of the
Barro Alto furnace rebuilds.
- Iron ore production from Kumba decreased by 27% to 8.9 million tonnes as Sishen is being
transitioned to a lower cost pit configuration.
- Iron ore production from Minas-Rio increased to 3.3 million tonnes (wet basis) as the operation
continues to ramp-up. Production increased by 3% vs. Q4 2015.
- Export metallurgical coal production decreased by 9% to 4.5 million tonnes due to planned
longwall moves taking place at both Moranbah and Grasstree, partially offset by improved
operational performance at Dawson and development coal production at Grosvenor.
- Export thermal coal production decreased by 13% to 7.7 million tonnes due to planned
production cuts at Cerrejón as a result of market conditions and a change in mix at Landau to
higher margin domestic sales.
(Note 1) De Beers production on 100% basis;
(Note 2) In keeping with industry benchmarks, production disclosure has been amended to reflect own
mine production and purchases of metal in concentrate. Previous disclosure of own mine production
and purchases of metal in concentrate was converted to equivalent refined production using standard
smelting and refining recoveries;
(Note 3) Copper production from the Copper business unit;
(Note 4) Copper production shown on a contained metal basis;
(Note 5) Q1 2015 Copper production normalised for the sale of Anglo Norte.
(Note 6) Nickel production from the Nickel business unit;
(Note 7) Wet basis;
(Note 8) Copper equivalent production is normalised for the sale of Anglo American Norte and the Kimberly mine,
and to reflect Snap Lake being placed on care and maintenance.
DE BEERS
Q1 2016 Q1 2016
Diamonds Q1 Q1 vs. Q4 vs.
(100% basis) 2016 2015 Q1 2015 2015 Q4 2015
Diamonds 000 carats 6,866 7,665 (10)% 7,052 (3)%
De Beers – Diamond production decreased by 10% to 6.9 million carats, reflecting the decision to
reduce production in response to trading conditions in 2015.
At Debswana (Botswana), production decreased by 5% to 5.3 million carats as a result of the
strategy to align production to trading conditions. There was lower production at Orapa, partially
offset by an increase in production at Jwaneng. Damtshaa (a satellite operation of Orapa) was
placed on care and maintenance from 1 January 2016.
Production at DBCM (South Africa) decreased by 12% to 0.9 million carats mainly due to the
completion of the sale of Kimberley mines to Ekapa Minerals, as announced on 21 January 2016.
Production at Namdeb Holdings (Namibia) decreased by 4% to 0.4 million carats due to reduced
grade at Namdeb.
Production in Canada decreased by 68% to 0.2 million carats due to Snap Lake being placed on
care and maintenance in December 2015.
Consolidated rough diamond sales of 7.6 million carats in Sights 1 and 2 of 2016 reflected an
improvement in trading conditions relative to H2 2015. Sales volumes were 10% lower than in Q1
2015, however this was due to the number of Sights in the respective periods: 2 Sights in Q1 2016
vs. 3 Sights in Q1 2015.
Full Year Guidance
Full year production guidance (on a 100% basis) remains unchanged at 26 – 28 million carats,
subject to trading conditions.
PLATINUM
Q1 2016 Q1 2016
Q1 Q1 vs. Q4 vs.
Platinum 2016 2015 Q1 2015 2015 Q4 2015
Refined
Platinum 000 oz 261 542 (52)% 745 (65)%
Palladium 000 oz 182 348 (48)% 468 (61)%
Rhodium 000 oz 48 65 (27)% 86 (44)%
Copper – Refined t 3,300 3,900 (15)% 4,700 (30)%
Copper – Matte(See Note 1) t - 300 (100)% - -
Nickel – Refined t 5,700 5,700 - 7,300 (22)%
Nickel – Matte(See Note 1) t - 400 (100)% - -
Gold 000 oz 28 30 (7)% 30 (5)%
Produced ounces(See Note 2)
Platinum 000 oz 567 544 4% 598 (5)%
(Note 1) Copper and nickel refined through third parties is shown as production of copper matte and nickel matte.
(Note 2) In keeping with industry benchmarks, production disclosure has been amended to reflect own mine production
and purchases of metal in concentrate. Previous disclosure of own mine production and purchases of metal in
concentrate was converted to equivalent refined production using standard smelting and refining recoveries.
Platinum – Production increased by 4% to 567,000 ounces driven primarily by higher production
from Amandelbult, Mogalakwena and Unki, partially offset by lower production at Rustenburg.
Amandelbult production increased by 33% to 111,000 ounces due to improved mining efficiencies
and increased concentrator recoveries. Mogalakwena production increased by 7% to 109,000
ounces due to higher grade and improved concentrator throughput. Production from Unki
increased by 14% to 19,000 ounces due to improved running time of the concentrators and
increased head grade. In total, production from retained own-mine operations increased by 18%
vs. Q1 2015.
Rustenburg (including Western Limb Tailings Retreatment) production decreased by 15,000
ounces to 106,000 ounces due to difficult ground conditions and lower grade.
Independently managed production (mined and purchased), excluding third party purchase of
concentrate, increased by 6% to 185,000 ounces driven by Kroondal, BRPM and Mototolo.
The refined platinum production for the quarter was materially impacted by a planned stocktake at
the Precious Metal Refinery (PMR) and a Section 54 safety stoppage which also closed the PMR
for 12 days and materially impacted production for a subsequent 37 days. The PMR was back to
steady state operation from 6 April 2016. As a result refined platinum production decreased by
52% to 261,000 ounces with similar decreases for palladium and rhodium.
Platinum sales volumes decreased by 21%, reflecting the stoppages at the PMR in the quarter,
partly mitigated by inventory draw-downs.
Full Year Guidance
Full year guidance of 2.3 – 2.4 million ounces of production remains unchanged, for both
produced and refined platinum.
COPPER
Q1 2016 Q1 2016
Q1 Q1 vs. Q4 vs.
Copper(See Note 1) 2016 2015 Q1 2015 2015 Q4 2015
Copper retained operations(See Note 2) t 146,500 146,800 - 181,400 (19)%
Copper t 146,500 171,800 (15)% 181,400 (19)%
(Note 1) Copper production shown on a contained metal basis
(Note 2) Anglo American Norte excluded for all periods
Copper – Copper production from the retained operations (excluding the AA Norte assets that
were sold effective 1 September 2015) was in line with Q1 2015, or 15% lower on an absolute
basis. Production decreased by 19% compared to Q4 2015 as a result of lower grades, consistent
with the production plan for the year.
Production from Los Bronces decreased by 10% to 85,200 tonnes, driven by the expected decline
in grades in the quarter. In H1 2015, water restrictions were mitigated by increasing the cut-off
grade, offsetting the impact of the reduced throughput at the plant.
At Collahuasi, attributable production increased by 11% to 51,100 tonnes due to improved plant
stability and hence operating times, after rectification work undertaken in 2015, combined with
higher grades.
El Soldado production increased by 67% to 10,200 tonnes due to the increasing availability of
higher grade ore, in line with the revised mine plan.
Total copper sales from the retained operations were broadly in line with prior year at 137,500
tonnes.
Full Year Guidance
Full year production guidance remains at 600,000 – 630,000 tonnes.
NICKEL
Q1 2016 Q1 2016
Q1 Q1 vs. Q4 vs.
Nickel 2016 2015 Q1 2015 2015 Q4 2015
Nickel t 11,200 6,700 67% 10,500 7%
Nickel – Nickel production increased by 67% to 11,200 tonnes, following the successful rebuild of
the Barro Alto furnaces which are now producing at nameplate capacity. Production from
Codemin remained in line with Q1 2015 at 2,300 tonnes.
Full Year Guidance
Nickel production guidance remains unchanged at 45,000 – 47,000 tonnes.
NIOBIUM
Q1 2016 Q1 2016
Q1 Q1 vs. Q4 vs.
Niobium 2016 2015 Q1 2015 2015 Q4 2015
Niobium t 1,400 1,300 8% 1,600 (13)%
Niobium – Niobium production increased by 8% to 1,400 tonnes reflecting the continued ramp-up
of the BVFR plant, which reached commercial production in March. Production decreased by
13% vs. Q4 2015 due to an extended plant stoppage to reduce stock levels and following a
period of heavy rainfall.
Full Year Guidance
Production from current installed capacity is expected to increase to 6,800 tonnes once the BVFR
plant reaches nameplate capacity in the third quarter of 2016. This, when combined with
debottlenecking activities currently being implemented, will take the total annual capacity to 9,000
tonnes.
PHOSPHATES
Q1 2016 Q1 2016
Q1 Q1 vs. Q4 vs.
Phosphates 2016 2015 Q1 2015 2015 Q4 2015
Phosphates
Concentrate t 333,100 319,300 4% 355,700 (6)%
Phosphoric acid t 79,100 63,200 25% 63,900 24%
Fertiliser t 274,900 238,800 15% 303,400 (9)%
Dicalcium phosphate (DCP) t 31,500 36,200 (13)% 38,700 (19)%
Phosphates – Concentrate production increased by 4% due to softer material feed to the plant.
Fertiliser production increased by 15%, mainly due to strong performance at the granulation
plants and good availability of phosphoric acid. Phosphoric acid production increased by 25%
reflecting the non-recurrence of maintenance activities and strong plant performance at both sites.
DCP production decreased by 13% due to the timing of an annual maintenance stoppage in
Cubatão and lower demand in Catalão.
Full Year Guidance
Fertiliser and DCP production in 2016 is expected to be broadly similar to 2015. Phosphoric acid
production is expected to increase to around 300,000 tonnes driven by improved performance at
Cubatão following the maintenance repairs in the second half of 2015.
IRON ORE AND MANGANESE
Q1 2016 Q1 2016
Q1 Q1 vs. Q4 vs.
Iron Ore and Manganese 2016 2015 Q1 2015 2015 Q4 2015
Iron ore – Kumba 000 t 8,925 12,167 (27)% 10,935 (18)%
Iron ore – Minas-Rio(See Note 1) 000 t 3,349 1,177 185% 3,253 3%
Manganese ore(See Note 2) 000 t 776 787 (1)% 596 30%
Manganese alloys(See Note 3) 000 t 32 73 (56)% 44 (26)%
(Note 1) Wet basis
(Note 2) Saleable production
(Note 3) Production includes medium carbon ferro-manganese
Kumba Iron Ore – Production from Kumba Iron Ore decreased by 27% to 8.9 million tonnes.
Sishen produced 5.8 million tonnes, a decrease of 34%. Waste removal decreased to 33.9 million
tonnes vs. 49.3 million tonnes in Q1 2015. The reduction in production and waste volumes was
consistent with the mine’s lower cost pit configuration. Sishen continues to experience feedstock
constraints, which has been exacerbated by higher levels of rainfall experienced during the
quarter. Solutions are being implemented to increase mine flexibility.
Kolomela produced 2.7 million tonnes for the quarter, a decrease of 9% due to safety stoppages
as a result of a fatal incident that occurred on-mine in January 2016.
At Thabazimbi, mining activities ceased on 30 September 2015 and processing activities ceased
on 31 March 2016. Closure of the mine is proceeding according to plan.
Export sales decreased by 18% to 9.4 million tonnes due to lower production. Total finished
product stocks were 3.2 million tonnes, compared with 4.7 million tonnes at year end as stocks
were drawn-down to more optimal levels.
The Section 189 (headcount reduction) process is on track with consultations on the
organisational structures completed. The material changes are due to the revised pit configuration
and related restructuring.
Full Year Guidance
Guidance for Sishen remains unchanged at ~27 million tonnes production and waste volumes of
135-150 million tonnes, whilst Kolomela remains on track to produce ~12 million tonnes with waste
mining forecast to be 46-48 million tonnes.
As previously indicated, detailed work to refine the Sishen life of mine plan based on the revised
pit configuration is ongoing and will be finalised during 2016.
Iron Ore Brazil – Minas-Rio’s ramp-up continues, with 3.3 million tonnes (wet basis) produced in
Q1 2016, an increase of 185% vs. Q1 2015. Production increased by 3% vs. Q4 2015 due to
mining area confinement arising from current licensing constraints.
Full Year Guidance
Production guidance for 2016 remains at 15-18 Mt (wet basis).
Manganese ore – Manganese ore production was in line vs. Q1 2015, and was 30% higher than
Q4 2015 when production had been temporarily suspended at the Wessels and Mamatwam mines.
Following the strategic review, mining activity recommenced in Q1 2016. GEMCO ore production
increased as the business took full advantage of drier weather conditions, and delivered record
ore sales in Q1 2016.
Manganese alloy – Manganese alloy production decreased by 56% vs. Q1 2015 following the
restructuring of South Africa Manganese operations, due to market conditions. In May 2015
operations were suspended at three of the four furnaces at Metalloys in South Africa.
COAL
Q1 2016 Q1 2016
Q1 Q1 vs. Q4 vs.
Coal 2016 2015 Q1 2015 2015 Q4 2015
Australia
Metallurgical - Export 000 t 4,526 4,996 (9)% 5,484 (17)%
Thermal - Export 000 t 1,066 1,433 (26)% 1,154 (8)%
Thermal - Domestic 000 t 1,493 1,650 (10)% 1,979 (25)%
South Africa
Thermal - Export 000 t 3,976 4,342 (8)% 3,878 3%
Thermal - Domestic (Eskom) 000 t 6,392 6,951 (8)% 5,534 16%
Thermal - Domestic (Non-Eskom) 000 t 1,804 1,702 6% 1,822 (1)%
Colombia
Thermal - Export 000 t 2,610 2,975 (12)% 2,628 (1)%
Australia – Export metallurgical coal production decreased by 9% to 4.5 million tonnes due to
planned longwall moves in the quarter at both Moranbah and Grasstree, partially offset by strong
operational performance at Capcoal open cut mine, as well as the delivery of development coal
from Grosvenor. In Q1 2015 Dawson was impacted by a maintenance shutdown at the coal
preparation plant.
Australian export thermal coal production decreased by 26% to 1.1 million tonnes due to expected
lower production from Drayton as it goes through a phased closure following the rejection of the
Drayton South project by the NSW government.
On 20 January 2016 the agreement to sell the Callide thermal coal mine to Batchfire Resources
was announced and remains subject to a number of conditions.
On 4 April 2016 the sale of Foxleigh open cut mine in Australia to Taurus Funds Management was
announced. The sale is subject to conditions.
South Africa – Export thermal coal production decreased by 8% to 4.0 million tonnes, driven in
part by mix at Landau (producing more domestic coal which, at current prices, results in a higher
margin). Goedehoop production was impacted by unfavourable geology and Greenside
experienced some temporary power outage issues.
Eskom production decreased by 8% to 6.4 million tonnes due to a planned longwall move at New
Denmark and planned production reductions at Kriel.
Colombia – Cerrejón’s production decreased by 12% to 2.6 million tonnes, due to planned
production cuts to take out the highest cost capacity in response to market conditions.
Full Year Guidance
Full year production guidance remains unchanged at 21 – 22 million tonnes for export
metallurgical coal and 28 – 30 million tonnes for export thermal coal from South Africa and
Colombia.
EXPLORATION AND EVALUATION
Exploration and Evaluation expenditure totalled $46 million, a decrease of 38%. Exploration
expenditure for the quarter totalled $29 million, a decrease of 20%. Evaluation expenditure for the
quarter totalled $17 million, a decrease of 55%.
NOTE
This Production Report for the first quarter ended 31 March 2016 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 2016 Q1 2016
De Beers Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 vs. vs.
Q4 2015 Q1 2015
Carats recovered
100% basis
Orapa 2,001,000 2,516,000 1,959,000 2,792,000 2,610,000 (20)% (23)%
Letlhakane 125,000 73,000 134,000 111,000 188,000 71% (34)%
Damtshaa - 59,000 45,000 60,000 57,000 (100)% (100)%
Jwaneng 3,202,000 2,101,000 1,936,000 2,950,000 2,777,000 52% 15%
Debswana 5,328,000 4,749,000 4,074,000 5,913,000 5,632,000 12% (5)%
Namdeb 72,000 119,000 148,000 131,000 96,000 (39)% (25)%
Debmarine Namibia 372,000 286,000 318,000 300,000 366,000 30% 2%
Namdeb Holdings 444,000 405,000 466,000 431,000 462,000 10% (4)%
Kimberley 68,000 242,000 192,000 182,000 221,000 (72)% (69)%
Venetia 706,000 1,033,000 712,000 763,000 624,000 (32)% 13%
Voorspoed 158,000 184,000 132,000 172,000 216,000 (14)% (27)%
DBCM 932,000 1,459,000 1,036,000 1,117,000 1,061,000 (36)% (12)%
Snap Lake 3,000 280,000 283,000 352,000 328,000 (99)% (99)%
Victor 159,000 159,000 153,000 150,000 182,000 - (13)%
De Beers Canada 162,000 439,000 436,000 502,000 510,000 (63)% (68)%
Total carats recovered 6,866,000 7,052,000 6,012,000 7,963,000 7,665,000 (3)% (10)%
Sales volumes (See Note 1)
Total sales volume - carats
(100%) (Mct) 8.1 3.6 3.0 5.4 8.6 125% (6)%
Consolidated sales volume -
carats (Mct) 7.6 3.6 3.0 4.9 8.4 111% (10)%
Q1 2016 Q1 2016
Platinum Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 vs. vs.
Q4 2015 Q1 2015
Refined production
Platinum (troy oz) 260,800 744,900 610,900 560,600 542,400 (65)% (52)%
Palladium (troy oz) 181,600 468,400 390,700 387,700 348,100 (61)% (48)%
Rhodium (troy oz) 47,700 85,700 77,600 76,900 65,000 (44)% (27)%
Copper refined (tonnes)(See Note 2) 3,300 4,700 4,200 4,000 3,900 (30)% (15)%
Copper matte (tonnes)(See Note 2) - - - - 300 - (100)%
Nickel refined (tonnes)(See Note 2) 5,700 7,300 6,400 6,000 5,700 (22)% -
Nickel matte (tonnes)(See Note 2) - - - - 400 - (100)%
Gold (troy oz) 27,900 29,500 23,000 30,400 30,100 (5)% (7)%
Produced ounces
Platinum (troy oz) 567,000 598,000 614,300 580,900 544,100 (5)% 4%
4E built-up head grade (g/tonne milled)(See Note 3) 3.11 3.24 3.27 3.27 3.14 (4)% (1)%
Platinum sales volumes 412,800 621,800 690,100 635,600 523,900 (34)% (21)%
Copper (tonnes) on a contained metal basis unless Q1 2016 Q1 2016
stated otherwise(See Note 4) Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 vs. vs.
Q4 2015 Q1 2015
Collahuasi 100% basis (Anglo American share 44%)
Ore mined 14,858,200 22,468,800 18,879,300 20,130,700 18,094,700 (34)% (18)%
Ore processed - Oxide - - 1,484,900 1,835,700 1,333,300 - (100)%
Ore processed - Sulphide 12,102,800 12,801,300 9,464,800 10,464,200 11,060,300 (5)% 9%
Ore grade processed - Oxide
(% ASCu)(See Note 5) - - 0.63 0.60 0.69 - -
Ore grade processed - Sulphide (% TCu)(See Note 6) 1.15 1.25 1.09 1.15 1.08 (8)% 7%
Production - Copper cathode 1,900 3,100 6,000 6,600 6,500 (39)% (71)%
Production - Copper in concentrate 114,200 136,800 92,800 105,500 98,000 (17)% 17%
Total copper production for Collahuasi 116,100 139,900 98,800 112,100 104,500 (17)% 11%
Anglo American’s share of copper production for
Collahuasi(See Note 7) 51,100 61,500 43,500 49,300 46,000 (17)% 11%
Anglo American Sur
Los Bronces mine(See Note 8)
Ore mined 10,487,900 13,252,200 10,112,600 13,345,700 13,548,000 (21)% (23)%
Marginal ore mined 13,402,300 11,673,100 7,733,600 10,929,100 8,916,800 15% 50%
Ore processed – Sulphide 12,055,300 14,115,200 11,584,300 10,447,300 9,250,100 (15)% 30%
Ore grade processed - Sulphide (% TCu) 0.74 0.83 0.87 0.98 1.07 (11)% (31)%
Production - Copper cathode 9,700 9,700 8,500 7,800 9,000 0% 8%
Production - Copper in concentrate 75,500 101,300 90,100 89,600 85,700 (25)% (12)%
Production total 85,200 111,000 98,600 97,400 94,700 (23)% (10)%
El Soldado mine(See Note 8)
Ore mined 1,448,000 1,280,000 951,600 1,915,700 1,060,800 13% 37%
Ore processed - Sulphide 1,836,100 1,557,500 1,441,800 1,752,100 1,214,000 18% 51%
Ore grade processed - Sulphide (% TCu) 0.75 0.79 0.90 0.71 0.66 (5)% 14%
Production - Copper cathode - - - - 200 - (100)%
Production - Copper in concentrate 10,200 8,900 11,000 10,000 5,900 15% 73%
Production total 10,200 8,900 11,000 10,000 6,100 15% 67%
Chagres Smelter(See Note 8) 0% 0%
Ore smelted 35,900 35,900 39,900 36,200 37,100 0% (3)%
Production 35,200 34,900 38,900 35,300 36,000 1% (2)%
Total copper production for Anglo American Sur 95,400 119,900 109,600 107,400 100,800 (20)% (5)%
Anglo American Norte
Mantos Blancos mine
Ore processed - Sulphide - - 718,400 1,043,300 1,073,800 - (100)%
Ore grade processed - Sulphide (% TCu) - - 0.75 0.79 0.75 - -
Production - Copper cathode - - 5,000 8,500 6,900 - (100)%
Production - Copper in concentrate - - 4,500 6,800 6,800 - (100)%
Production total - - 9,500 15,300 13,700 - (100)%
Mantoverde mine
Ore processed - Oxide - - 1,838,000 2,487,900 2,279,400 - (100)%
Ore processed - Marginal ore - - 1,658,000 2,790,000 1,496,800 - (100)%
Ore grade processed - Oxide (% ASCu) - - 0.51 0.54 0.51 - -
Ore grade processed - Marginal ore (% ASCu) - - 0.20 0.21 0.22 - -
Production - Copper cathode - - 8,500 12,500 11,300 - (100)%
Total copper production for Anglo American Norte - - 18,000 27,800 25,000 - (100)%
Total Copper segment copper production 211,500 259,800 226,400 247,300 230,300 (19)% (8)%
Total Attributable copper production(See Note 9) 146,500 181,400 171,100 184,500 171,800 (19)% (15)%
Total Attributable payable copper production 141,600 175,300 165,800 179,000 166,800 (19)% (15)%
Total Attributable sales volumes 137,500 183,000 178,400 179,400 164,800 (25)% (17)%
Total Attributable payable sales volumes 133,000 176,700 172,900 173,800 160,100 (25)% (17)%
Third party sales – Mantos Copper(See Note 10) 9,200 41,400 - - - (78)% 100%
Nickel (tonnes) Q1 2016 Q1 2016
Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 vs. vs.
unless stated otherwise(See Note 11) Q4 2015 Q1 2015
Barro Alto
Ore mined 457,000 453,200 1,351,700 903,300 235,300 1% 94%
Ore processed 598,100 566,400 330,700 281,100 294,600 6% 103%
Ore grade processed - %Ni 1.77 1.77 1.79 1.80 1.77 0% 0%
Production 8,900 8,100 4,700 4,100 4,400 10% 102%
Codemin
Ore mined - - - 8,600 - - -
Ore processed 151,400 154,000 140,000 145,700 151,400 (2)% 0%
Ore grade processed - %Ni 1.68 1.69 1.70 1.71 1.66 (1)% 1%
Production 2,300 2,400 2,100 2,200 2,300 (4)% 0%
Total Nickel segment nickel production 11,200 10,500 6,800 6,300 6,700 7% 67%
Sales volumes 10,800 9,500 6,400 8,600 7,500 14% 44%
Niobium Q1 2016 Q1 2016
Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 vs. vs.
(tonnes) unless stated otherwise Q4 2015 Q1 2015
Niobium
Ore mined 690,300 637,700 597,300 605,600 291,100 8% 137%
Ore processed 484,800 580,700 578,400 570,400 501,800 (17)% (3)%
Ore grade processed - %Nb 0.91 1.00 0.93 0.93 0.96 (9)% (5)%
Production 1,400 1,600 1,800 1,600 1,300 (13)% 8%
Sales volumes 1,100 800 1,400 1,500 1,300 38% (15)%
Q1 2016 Q1 2016
Phosphates Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 vs. vs.
(tonnes) unless stated otherwise Q4 2015 Q1 2015
Phosphates
Concentrate 333,100 355,700 363,100 303,300 319,300 (6)% 4%
Concentrate grade - %P2O5 36.6 36.7 36.8 36.9 36.9 0% (1)%
Phosphoric acid 79,100 63,900 75,600 62,400 63,200 24% 25%
Fertiliser 274,900 303,400 294,400 274,200 238,800 (9)% 15%
High analysis fertiliser 47,800 36,700 42,400 56,100 37,500 30% 27%
Low analysis fertiliser 227,100 266,700 252,000 218,100 201,200 (15)% 13%
Dicalcium phosphate (DCP) 31,500 38,700 33,700 38,700 36,200 (19)% (13)%
Fertiliser sales volumes 247,300 194,400 339,600 317,500 208,500 27% 19%
Q1 2016 Q1 2016
Iron Ore and Manganese (tonnes) Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 vs. vs.
Q4 2015 Q1 2015
Kumba Iron Ore
Lump 5,669,700 7,029,100 7,322,300 6,761,800 7,889,900 (19)% (28)%
Fines 3,254,800 3,906,100 4,068,600 3,622,900 4,277,500 (17)% (24)%
Total Kumba production 8,924,500 10,935,200 11,390,900 10,384,700 12,167,400 (18)% (27)%
Sishen 5,841,800 7,661,300 7,669,800 7,176,200 8,885,500 (24)% (34)%
Kolomela 2,713,100 2,853,800 3,347,800 2,880,300 2,972,500 (5)% (9)%
Thabazimbi 369,600 420,100 373,300 328,200 309,400 (12)% (19)%
Total Kumba production 8,924,500 10,935,200 11,390,900 10,384,700 12,167,400 (18)% (27)%
Kumba sales volumes
RSA export iron ore 9,376,100 10,509,300 9,846,500 11,732,600 11,471,600 (11)% (18)%
RSA domestic iron ore 1,167,700 533,500 960,700 1,348,000 1,434,600 119% (19)%
Minas-Rio
Pellet feed (wet basis) 3,349,400 3,252,500 2,918,800 1,826,200 1,176,700 3% 185%
Minas-Rio sales volumes
Export – pellet feed (wet basis) 3,714,400 3,035,000 2,793,900 1,344,400 1,294,300 22% 187%
Samancor
Manganese ore(See Note 12) 775,900 596,000 923,200 805,700 786,700 30% (1)%
Manganese alloys(See Note 12, 13) 32,100 43,500 43,700 53,600 72,800 (26)% (56)%
Samancor sales volumes
Manganese ore 870,900 720,200 813,900 720,700 829,900 21% 5%
Manganese alloys 42,800 42,000 42,400 55,300 63,600 2% (33)%
Q1 2016 Q1 2016
Coal (tonnes) Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 vs. vs.
Q4 2015 Q1 2015
Australia
Metallurgical – Export Coking 3,378,900 4,302,100 4,115,000 3,743,800 3,746,900 (21)% (10)%
Metallurgical - Export PCI 1,147,200 1,182,200 1,360,500 1,508,800 1,248,800 (3)% (8)%
4,526,100 5,484,300 5,475,500 5,252,600 4,995,700 (17)% (9)%
Thermal - Export 1,065,900 1,154,300 1,366,400 1,326,600 1,433,200 (8)% (26)%
Thermal - Domestic 1,492,900 1,978,800 1,800,500 1,622,400 1,649,900 (25)% (10)%
2,558,800 3,133,100 3,166,900 2,949,000 3,083,100 (18)% (17)%
South Africa
Thermal - Export 3,878,000 4,887,200 4,296,700 4,341,700 3% (8)%
3,976,000
Thermal - Domestic (Eskom) 5,533,500 6,763,000 6,774,000 6,950,700 16% (8)%
6,392,000
Thermal - Domestic
(Non-Eskom) 1,803,800 1,821,500 1,730,400 1,590,000 1,702,000 (1)% 6%
12,171,800 11,233,000 13,380,600 12,660,700 12,994,400 8% (6)%
Colombia
Thermal - Export 2,610,000 2,628,100 2,526,800 2,944,400 2,975,000 (1)% (12)%
Total Metallurgical coal production 4,526,100 5,484,300 5,475,500 5,252,600 4,995,700 (17)% (9)%
Total Export Thermal coal
production 7,651,900 7,660,400 8,780,400 8,567,700 8,749,900 - (13)%
Total Domestic Thermal coal
production 9,688,700 9,333,800 10,293,900 9,986,400 10,302,600 4% (6)%
Total Coal production 21,866,700 22,478,500 24,549,800 23,806,700 24,048,200 (3)% (9)%
Sales volumes (own mined)
Australia
Metallurgical - Export(See Note 14) 4,815,800 5,396,000 5,480,900 5,103,100 5,113,400 (11)% (6)%
Thermal - Export 1,173,000 1,341,700 1,638,600 1,505,800 1,418,200 (13)% (17)%
Thermal - Domestic 1,506,800 1,915,800 1,871,900 1,670,500 1,591,000 (21)% (5)%
South Africa
Thermal - Export 4,343,200 5,188,700 4,568,600 4,967,400 5,195,200 (16)% (16)%
Thermal - Domestic 7,828,600 6,763,300 7,977,800 8,203,900 8,746,600 22% (6)%
Colombia
Thermal - Export 2,339,000 2,565,100 2,853,400 2,765,700 3,005,100 (9)% (22)%
Q1 2016 Q1 2016
Coal by mine (tonnes) Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 vs. vs.
Q4 2015 Q1 2015
Australia
Callide 1,748,200 2,295,200 1,988,900 1,789,300 1,857,000 (24)% (6)%
Capcoal
1,760,000 2,283,800 2,353,300 1,793,500 2,259,100 (23)% (22)%
(incl. Grasstree)
Dawson 1,006,000 1,025,800 1,249,400 1,375,500 663,800 (2)% 52%
Drayton 349,900 351,300 600,400 462,800 707,500 0% (51)%
Foxleigh 434,500 376,300 494,800 511,200 478,300 15% (9)%
Grosvenor 203,000 179,100 147,300 121,800 51,600 13% 293%
Jellinbah 758,400 872,700 798,400 766,400 763,900 (13)% (1)%
Moranbah North 824,900 1,233,200 1,009,900 1,381,100 1,297,600 (33)% (36)%
7,084,900 8,617,400 8,642,400 8,201,600 8,078,800 (18)% (12)%
South Africa
Goedehoop 1,001,300 896,000 1,151,200 1,106,100 1,133,800 12% (12)%
Greenside 806,300 897,200 1,059,600 992,300 927,500 (10)% (13)%
Zibulo 1,390,000 1,306,400 1,592,500 1,385,000 1,281,100 6% 9%
Kleinkopje 966,400 824,900 895,200 572,000 860,300 17% 12%
Landau 1,003,200 1,079,200 1,144,600 1,065,000 979,900 (7)% 2%
Mafube 379,100 366,500 370,100 344,500 361,500 3% 5%
New Vaal 3,521,800 2,811,500 3,576,700 4,211,200 3,548,600 25% (1)%
New Denmark 604,300 643,000 881,600 441,100 872,600 (6)% (31)%
Kriel 1,339,800 1,185,900 1,613,000 1,546,000 1,813,300 13% (26)%
Isibonelo 1,159,600 1,222,400 1,096,100 997,500 1,215,800 (5)% (5)%
12,171,800 11,233,000 13,380,600 12,660,700 12,994,400 8% (6)%
Colombia
Carbones del Cerrejón 2,610,000 2,628,100 2,526,800 2,944,400 2,975,000 (1)% (12)%
Total Coal production 21,866,700 22,478,500 24,549,800 23,806,700 24,048,200 (3)% (9)%
(Note 1) Number of Sights (sales cycles) in each quarter as follows: Q1 2016: 2; Q4 2015: 3; Q3 2015: 2; Q2 2015: 2; Q1 2015: 3
(Note 2) Copper and nickel refined through third parties is now shown as production of copper matte and nickel matte
(Note 3) 4E: the grade measured as the combined content of the four most valuable precious metals: platinum, palladium, rhodium and gold
(Note 4) Excludes Anglo American Platinum’s copper production
(Note 5) ASCu = acid soluble copper
(Note 6) TCu = total copper
(Note 7) Anglo American’s share of Collahuasi production is 44%
(Note 8) Anglo American ownership interest of Anglo American Sur is 50.1%. Production is stated at 100% as Anglo American consolidates Anglo American Sur
(Note 9) Difference between total copper production and attributable copper production arises from Anglo American’s 44% interest in Collahuasi
(Note 10) Relates to sales made on behalf of Mantos Copper (previously Mantos Blancos and Mantoverde mines)
(Note 11) Excludes Anglo American Platinum’s nickel production
(Note 12) Saleable production
(Note 13) Production includes medium carbon ferro-manganese
(Note 14) Includes both hard coking coal and PCI sales volumes
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.
21 April 2016
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
For further information, please contact:
Media Investors
UK UK
James Wyatt-Tilby Paul Galloway
james.wyatt-tilby@angloamerican.com paul.galloway@angloamerican.com
Tel: +44 (0)20 7968 8759 Tel: +44 (0)20 7968 8718
Marcelo Esquivel Ed Kite
marcelo.esquivel@angloamerican.com edward.kite@angloamerican.com
Tel: +44 (0)20 7968 8891 Tel: +44 (0)20 7968 2178
South Africa Sheena Jethwa
Pranill Ramchander sheena.jethwa@angloamerican.com
pranill.ramchander@angloamerican.com Tel: +44 (0)20 7968 8680
Tel: +27 (0)11 638 2592
Notes to editors:
Anglo American is a globally diversified mining business. Our portfolio of world-class competitive
mining operations and undeveloped resources provides the raw materials to meet the growing
consumer-driven demands of the world’s developed and maturing economies. 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
diamonds (through De Beers) to platinum and other precious metals and copper – to our
customers around the world.
As a responsible miner, we are the custodians of those 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.
www.angloamerican.com
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