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Anglo American increases output of copper, iron ore and PGMs in Q1 2021

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(Kitco News) - Anglo American, a leading global mining company, reported today that its Q1 2021 copper production increased by 9% to 160,300 tonnes, due to strong operational performance at both Los Bronces and Collahuasi.

The company’s rough diamond production decreased by 7% to 7.2 million carats, driven by operational challenges, including excessive rainfall in southern Africa and a Covid-19-related shutdown in Canada, as well as planned maintenance in Namibia.

Own mined platinum group metals production increased by 6% to 694,900 ounces, due to the lower impact of Covid-19, with lockdowns starting in late Q1 2020.

Iron ore production increased by 1% to 16.2 million tonnes, driven by a 10% increase at Kumba partly offset by a 13% decrease at Minas-Rio.

Nickel production decreased by 7% to 10,100 tonnes, reflecting expected lower ore grades.

CEO Mark Cutifani commented, "Q1 production was at 95% of normal capacity, meeting strong customer demand despite some limited constraints at certain operations due to Covid-19. Production increased by 3% driven by strong performances at the copper operations in Chile, and PGMs and iron ore in South Africa, more than offsetting plant maintenance downtime at Minas-Rio iron ore in Brazil and the temporary suspension at the Moranbah metallurgical coal operation in Australia."

Anglo American is a leading global mining company which producing diamonds (through De Beers), copper, platinum group metals, the steelmaking ingredients of iron ore and metallurgical coal, and nickel - with crop nutrients in development and thermal coal operations planned for divestment.

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