AAL Anglo American Plc

By Elena Vardon

Anglo American PLC on Tuesday said its first-quarter production rose 9% compared with the same period the previous year driven by copper production at its new mine in Peru as well as improvements in its steelmaking coal and iron ore business operations.

The FTSE 100-listed diversified mining group kept its production and unit cost guidance for 2023 unchanged across all of its business units.

The group said its copper production for the three months ended March 31 rose 28% on year to 178,100 tons on the production ramp-up at its Quellaveco site in Peru, while its Chilean operations fell 15% on planned lower grades at both Los Bronces and Collahuasi.

Anglo American said its steelmaking coal production increased 59% to 3.5 million tons, its iron ore output was up 15% to 15.1 million tons, while manganese ore rose 5% to 840,900 tons and nickel was 4% higher at 9,700 tons.

Diamond production was flat at 8.9 million carats for the quarter, while platinum group metals production fell 6% to 901,000 ounces compared with a year earlier, said the miner.

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

April 25, 2023 02:40 ET (06:40 GMT)

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