28th Jan 2016 07:18
LONDON (Alliance News) - Anglo American PLC Thursday said production fell across most of its commodities during 2015, including its iron ore division in South Africa.
The miner said iron ore production from South Africa fell 7% year-on-year in 2015 to 44.9 million tonnes whilst the Minas Rio mine in Brazil produced a total of 9.2 million tonnes in the year after only producing a small amount in 2014.
Metallurgical coal production in the year rose 1% to 21.2 million tonnes whilst thermal coal production dropped 2% year-on-year to 33.8 million tonnes.
Copper production decreased 5% in 2015 to 708,800 tonnes whilst nickel production was down 19% to 30,300 tonnes.
Diamond production was also down for the year at only 28.7 million carats, falling 12% from 32.6 million carats in 2014. Platinum was the only commodity to experience a material rise in production for the year, increasing 25% to 2.4 million ounces.
Production was better in the fourth quarter of 2015, with production of metallurgical coal rising 11% year-on-year whilst copper rose 4% from the fourth quarter of 2014. Nickel production was also up 57% in the quarter but all other commodities experienced falls.
By Joshua Warner; [email protected]; @JoshAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Anglo American