By Kyle Morris

Anglo American PLC said Friday that 2022 production was down by around 3% as the Quellaveco copper ramp-up and strong diamond production was offset by ore grades in Chile and lower production from Kumba and platinum group metals.

Unit costs for the year were up around 16% and it sees capex of around $5.7 billion after supply chain disruptions and foreign exchange.

For 2023, production is seen to increase 5% with capex forecast at $6.0 billion-$6.5 billion. In 2024, production is expected to increase 5%, with capex forecast at $5.5 billion-$6.0 billion

Write to Kyle Morris at kyle.morris@dowjones.com

(END) Dow Jones Newswires

December 09, 2022 02:47 ET (07:47 GMT)

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