AngloAmerican Q2 production falls 9% on lower copper grades

2022.07.21 10:14

FILE PHOTO: A cow is seen near the AngloAmerican sign board outside the Mogalakwena platinum mine in Mokopane , north-western part of South Africa , Limpopo province May 18, 2016. REUTERS/Siphiwe Sibeko

(Reuters) – Global miner Anglo American (LON:AAL) on Thursday reported a 9% fall in second-quarter output on likely lower grades in copper and lack of water availability in Chile as well as planned maintenance at the Minas-Rio iron ore mine in Brazil.

AngloAmerican said it expects rough diamonds production for 2022 to be at 32-34 million carats amid strong demand, compared with a prior range of 30-33 million carats.

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