Anglo American has reported a 1% increase in total production on a copper equivalent basis in Q3 2018, compared to the same period of 2017, excluding the Minas-Rio stoppage.
Copper production of 485,000t for the year to date (Q1-Q3) was 13% higher than a year earlier, while copper production in Q3 increased by 17% to 171,800t, reflecting what Anglo described as continued strong operational performance across all operations and planned higher grades.
“Our focus on driving efficiency and productivity across the business resulted in another strong quarter, with volumes 1% higher than the solid operational performance seen in Q3 2017,” commented Mark Cutifani, CEO of Anglo American.
“Production per employee has increased by 5% in 2018, compared to 2017, as we maintain relentless discipline on controllable costs,” he continued. “Strong operational performance at our copper assets delivered a 17% increase in production, more than offsetting planned lower volumes at De Beers and the impact of rail infrastructure constraints at Kumba in the first half of the year.”
In its Production Report for the third quarter ended 30 September 2018, it the miner also highlighted: