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Mar.29.2024 1USD=7.095RMB
  SteelHome >>Raw Material>>Market Info>>International Dynamics
 
Anglo American Announces 2020 Q1 Iron Ore Production Report

https://en.steelhome.com [SteelHome] 2020-04-23 16:28:15

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Mark Cutifani, Chief Executive of Anglo American, said: “Our overwhelming priority is the safety of our people, their families and our host communities. We have taken extensive measures across our business to help safeguard against the spread of COVID-19, while also protecting the integrity of our assets to enable a swift return to normal levels of operation when appropriate. The onset of varying degrees of lockdown or distancing measures in a number of our operating countries towards the end of the quarter, combined with the impact of longwall moves in our Metallurgical Coal business, led to 4%(1) lower production compared to the same period of 2019, despite continued strong iron ore production at Minas-Rio.”

 

Kumba - Production volumes were broadly unchanged at 9.4 million tonnes.

 

Sishen’s production increased by 2% to 6.6 million tonnes, while production at Kolomela decreased by 7% to 2.9 million tonnes as unfavourable weather conditions resulted in safety-related stoppages and equipment reliability challenges.

 

Sales volumes were broadly unchanged at 10.7 million tonnes.

 

With sales ahead of production, stock was drawn down reducing finished stock levels to 5.6 million tonnes from 6.6 million tonnes as at 31 December 2019.

 

Minas-Rio - Production increased by 31% to 6.4 million tonnes, reflecting P101 productivity initiatives that have driven robust operational stability and, in particular, processing performance.

 

Full Year Guidance

 

Kumba production guidance based on the current lockdown measures in South Africa has been revised to 37- 39 million tonnes (previously 41.5-42.5 million tonnes), subject to the extent of further COVID-19-related disruptions.

 

Minas-Rio production guidance is unchanged at 22-24 million tonnes, subject to the extent of further COVID-19- related disruptions. The planned one-month production stoppage to carry out routine internal scanning of the pipeline, originally scheduled for Q2, has been postponed to the second half of the year.

 

T1: Overview

 

Q1 2020

Q1 2019

Q1 2020 vs. Q1 2020

Q4 2019

Q1 2020 vs. Q4 2019

Iron ore – Kumba (000t)

9,449

9,516

-1%

11,806

-20%

Iron ore – Minas-Rio (000t)(wet basis)

6,424

4,910

31%

6,164

4%

 

T2: Iron Ore Production by Mines

Iron Ore (tonnes)

Q1 2020

Q4 2019

Q3 2019

Q2 2019

Q1 2019

Q1 2020 vs. Q1 2019

Q1 2020 vs. Q4 2019

Kumba production

9,449,300

11,806,100

10,521,300

10,544,000

9,516,300

-1%

-20%

Lump

6,387,900

7,898,500

6,955,500

7,111,400

6,544,600

-2%

-19%

Fines

3,061,400

3,907,600

3,565,800

3,432,600

2,971,700

3%

-22%

Kumba production by mine

 

 

 

 

 

 

 

Sishen

6,579,600

8,263,900

7,153,500

7,310,400

6,446,600

2%

-20%

Kolomela

2,869,700

3,542,200

3,367,800

3,233,600

3,069,700

-7%

-19%

Kumba sales volumes

10,683,500

10,469,400

10,153,800

10,471,900

10,878,600

-2%

2%

Export iron ore(1)

10,331,900

10,237,100

9,670,200

9,755,600

10,130,600

2%

1%

Domestic iron ore

351,600

232,300

483,600

716,300

748,000

-53%

51%

 

 

 

 

 

 

 

 

Minas-Rio production

 

 

 

 

 

 

 

Pellet feed (wet basis)

6,424,100

6,163,600

6,126,100

5,915,500

4,909,700

31%

4%

Minas-Rio sales volumes

 

 

 

 

 

 

 

Export – pellet feed (wet basis)

6,081,200

6,570,700

5,734,500

6,590,400

4,031,400

51%

-7%

Related Link: Official Announcement

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