Anglo on Thursday warned that production in Chile is subject
to water availability as the world's largest copper producer
battles persistent drought. Peru's output, meanwhile, could be
affected by political instability.
Peru has been gripped by growing unrest after weeks of
sometimes violent anti-government protests triggered by the
ousting of its former president in December.
Anglo's output of rough diamonds increased by 7% last year
to 34.6 million carats, but the miner expects that to fall this
year to between 30 million and 33 million carats.
(Reporting by Clara Denina and Muhammed Husain
Editing by David Goodman)
(Adds detail)
LONDON, Feb 2 (Reuters) - Global miner Anglo American's fourth-quarter production rose 10%, boosted by its
Quellaveco copper mine in Peru and rough diamond output from De
Beers.
The group reported a 52% surge in quarterly copper output to
244,000 tonnes thanks to the ramp-up of Quellaveco.
A bright spot among miners hunting for minerals to power the
green energy boom, Anglo American registered a 3% rise in annual
output of copper, which is used in rechargeable batteries and
charging stations for electric vehicles.
That was in contrast to copper production declines reported
by other miners, including Glencore and Antofagasta .
London-listed Anglo American in December joined its peers in
cutting its forecast for 2023 copper production, citing extreme
weather, labour issues and lower grades of metal among the
causes. It expects output between 840,000 and 930,000 tonnes for
the year.
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