|
COPPER
Copper production increased by 5% to 166,800 tonnes due to continued
strong plant performance at Collahuasi, partially offset by expected
lower production at Los Bronces due to lower water availability
resulting from the unprecedented drought conditions in central Chile.
Current Covid-19 measures to safeguard our people and communities,
including reductions in workforce, while preserving the longer term
integrity of the assets are not expected to significantly impact
production in 2020.
Production from Los Bronces decreased by 12%, to 80,700 tonnes, as a 15%
reduction in plant throughput (10 million tonnes vs 12 million tonnes)
due to lower water availability was partially offset by planned higher
grades (0.85% vs 0.81%).
At Collahuasi, attributable production increased by 38% to 75,700
tonnes, a historical record for the operation, driven by higher
throughput (14 million tonnes vs 12 million tonnes) and record copper
recovery (92.0% vs 87.3%), reflecting plant improvement projects
implemented during 2019, as well as planned higher grades (1.31% vs
1.21%).
Production from El Soldado decreased by 21% to 10,400 tonnes as a result
of lower grades (0.76% vs. 0.92%).
Sales volumes of 293,800 tonnes in H1 2020 were impacted by temporary
port closures in Chile due to heavy tidal swells limiting vessel
availability in June. The average realised price of these sales was
250c/lb ($5,512/t), broadly in line with the average LME price.
Full Year Guidance
Production guidance for the year remains unchanged at 620,000-670,000
tonnes, subject to water availability and the impact of the Covid-19
pandemic.
T1: Overview
|
Copper (tonnes) |
Q2 2020 |
Q2 2019 |
Q2 2020 VS Q2 2019 |
Q1 2020 |
Q2 2020 VS Q1 2020 |
H1 2020 |
H1 2019 |
H1 2020 VS H1 2019 |
|
Los Bronces |
80,700 |
91,200 |
-12% |
68,700 |
17% |
149,400 |
182,900 |
-18% |
|
Collahuasi (44% share) |
75,700 |
54,700 |
38% |
66,500 |
14% |
142,200 |
112,000 |
27% |
|
El Soldado |
10,400 |
13,200 |
-21% |
11,900 |
-13% |
22,300 |
25,300 |
-12% |
|
Total Copper |
166,800 |
159,100 |
5% |
147,100 |
13% |
313,900 |
320,200 |
-2% |
T2: Production by Mines
|
Copper |
Q2 2020 |
Q1 2020 |
Q4 2019 |
Q3 2019 |
Q2 2019 |
Q2 2020 VS Q2 2019 |
Q2 2020 VS Q1 2020 |
H1 2020 |
H1 2019 |
H1 2020 VS H1 2019 |
|
Los Bronces mine |
|
|
|
|
|
|
|
|
|
|
|
Ore mined |
9237400 |
10013000 |
17373800 |
15560400 |
17302500 |
-47% |
-8% |
19250400 |
32981100 |
-42% |
|
Ore processed - Sulphide |
9987200 |
7059500 |
7146800 |
10977200 |
11813600 |
-15% |
41% |
17046700 |
23884400 |
-29% |
|
Ore grade processed - Sulphide (% TCu) |
0.85 |
0.98 |
0.99 |
0.78 |
0.81 |
5% |
-13% |
0.9 |
0.81 |
12% |
|
Production - Copper cathode |
9900 |
9900 |
10000 |
10100 |
9300 |
6% |
0% |
19800 |
18900 |
5% |
|
Production - Copper in concentrate |
70800 |
58800 |
61700 |
70300 |
81900 |
-14% |
20% |
129600 |
164000 |
-21% |
|
Total production |
80700 |
68700 |
71700 |
80400 |
91200 |
-12% |
17% |
149400 |
182900 |
-18% |
|
Collahuasi 100% basis (Anglo American share 44%) |
|
|
|
|
|
|
|
|
|
|
|
Ore mined |
18035100 |
19402000 |
22132200 |
25780000 |
23698300 |
-24% |
-7% |
37437100 |
39341100 |
-5% |
|
Ore processed - Sulphide |
14192800 |
14097800 |
14728700 |
14478700 |
11626100 |
22% |
1% |
28290600 |
24925700 |
13% |
|
Ore grade processed - Sulphide (% TCu) |
|
|
|
|
|
|
|
|
|
|
|
Production - Copper in concentrate |
1.31 |
1.2 |
1.25 |
1.14 |
1.21 |
9% |
9% |
1.26 |
1.18 |
7% |
|
Anglo American's share of copper |
172000 |
151000 |
164200 |
146600 |
124400 |
38% |
14% |
323000 |
254600 |
27% |
|
production for Collahuasi |
75700 |
66500 |
72200 |
64500 |
54700 |
38% |
14% |
142200 |
112000 |
27% |
|
El Soldado mine |
|
|
|
|
|
|
|
|
|
|
|
Ore mined |
1378100 |
1915300 |
2721400 |
3299900 |
3017800 |
-54% |
-28% |
3293400 |
6106800 |
-46% |
|
Ore processed - Sulphide |
1771600 |
1458900 |
1854900 |
1911700 |
1861900 |
-5% |
21% |
3230500 |
3671800 |
-12% |
|
Ore grade processed - Sulphide (% TCu) |
0.76 |
1.02 |
1.02 |
0.92 |
0.92 |
-18% |
-26% |
0.87 |
0.88 |
-1% |
|
Production - Copper in concentrate |
10400 |
11900 |
14900 |
14000 |
13200 |
-21% |
-13% |
22300 |
25300 |
-12% |
|
Chagres Smelter |
|
|
|
|
|
|
|
|
|
|
|
Ore smelted |
24300 |
30800 |
30800 |
28800 |
32100 |
-24% |
-21% |
55100 |
62400 |
-12% |
|
Production |
23700 |
30000 |
29900 |
28000 |
31200 |
-24% |
-21% |
53700 |
60700 |
-12% |
|
Total copper production |
166800 |
147100 |
158800 |
158900 |
159100 |
5% |
13% |
313900 |
320200 |
-2% |
|
Total payable copper production |
160300 |
141700 |
153100 |
153000 |
153100 |
5% |
13% |
302000 |
308100 |
-2% |
|
Total sales volumes |
154200 |
139600 |
176500 |
160000 |
165400 |
-7% |
10% |
293800 |
307300 |
-4% |
|
Total payable sales volumes |
148200 |
134300 |
170100 |
153800 |
159100 |
-7% |
10% |
282500 |
295600 |
-4% |
|
Third party sales |
130800 |
76300 |
115300 |
91600 |
88800 |
47% |
71% |
207100 |
142200 |
46% |
NICKEL
Nickel production increased by 10%, benefiting from improved operational
stability and the effect of a planned stoppage at Barro Alto that
finished in early Q2 2019. Current Covid-19 measures in place to
safeguard the workforce and communities are not expected to
significantly affect 2020 production.
Full Year Guidance
Production guidance is unchanged at 42,000-44,000 tonnes, subject to the
extent of further Covid-19 related disruption.
T3: Overview
|
Nickel (tonnes) |
Q2 2020 |
Q2 2019 |
Q2 2020 VS Q2 2019 |
Q1 2020 |
Q2 2020 VS Q1 2020 |
H1 2020 |
H1 2019 |
H1 2020 VS H1 2019 |
|
Nickel |
10,800 |
9,800 |
10% |
10,900 |
-1% |
21,700 |
19,600 |
11% |
T4: Production by Mines
|
Nickel |
Q2 2020 |
Q1 2020 |
Q4 2019 |
Q3 2019 |
Q2 2019 |
Q2 2020 VS Q2 2019 |
Q2 2020 VS Q1 2020 |
H1 2020 |
H1 2019 |
H1 2020 VS H1 2019 |
|
Barro Alto |
|
|
|
|
|
|
|
|
|
|
|
Ore mined |
1,166,200 |
318,000 |
623,300 |
1,198,800 |
1,365,400 |
-15% |
267% |
1,484,200 |
2,253,400 |
-34% |
|
Ore processed |
625,900 |
610,100 |
609,200 |
612,000 |
519,000 |
21% |
3% |
1,236,000 |
1,044,500 |
18% |
|
Ore grade processed - %Ni |
1.6 |
1.57 |
1.73 |
1.66 |
1.67 |
-4% |
2% |
1.6 |
1.67 |
-4% |
|
Production |
8,800 |
8,700 |
9,500 |
9,200 |
7,600 |
16% |
1% |
17,500 |
15,200 |
15% |
|
Codemin |
|
|
|
|
|
|
|
|
|
|
|
Ore mined |
- |
- |
- |
1,300 |
39,000 |
n/a |
n/a |
- |
39,000 |
n/a |
|
Ore processed |
145,800 |
145,800 |
141,600 |
140,200 |
148,900 |
-2% |
0% |
291,600 |
288,800 |
1% |
|
Ore grade processed - %Ni |
1.59 |
1.62 |
1.68 |
1.69 |
1.62 |
-2% |
-2% |
1.61 |
1.62 |
-1% |
|
Production |
2,000 |
2,200 |
2,200 |
2,100 |
2,300 |
-13% |
-9% |
4,200 |
4,400 |
-5% |
|
Total Nickel production |
10,800 |
10,900 |
11,700 |
11,300 |
9,800 |
10% |
-1% |
21,700 |
19,600 |
11% |
|
Sales volumes |
9,800 |
10,600 |
12,500 |
10,600 |
8,800 |
11% |
-8% |
20,400 |
18,600 |
10% |
MANGANESE
Manganese ore production decreased by 4% to 796,000 tonnes, as the
impact from the Covid-19 lockdowns in South Africa were largely offset
by improved production in Australia due to strong concentrator
performance.
Manganese alloy production decreased by 44% to 23,200 tonnes, largely
due to Covid-19 lockdown in South Africa.
T5: Overview
|
Manganese (000 t) |
Q2 2020 |
Q2 2019 |
Q2 2020 VS Q2 2019 |
Q1 2020 |
Q2 2020 VS Q1 2020 |
H1 2020 |
H1 2019 |
H1 2020 VS H1 2019 |
|
Manganese ore |
796 |
826 |
-4% |
843 |
-6% |
1,639 |
1,700 |
-4% |
|
Manganese alloys |
23 |
41 |
-44% |
24 |
-5% |
48 |
76 |
-37% |
T6: Production by Mines
|
Manganese (tonnes) |
Q2 2020 |
Q1 2020 |
Q4 2019 |
Q3 2019 |
Q2 2019 |
Q2 2020 VS Q2 2019 |
Q2 2020 VS Q1 2020 |
H1 2020 |
H1 2019 |
H1 2020 VS H1 2019 |
|
Samancor |
|
|
|
|
|
|
|
|
|
|
|
Manganese ore |
796,000 |
842,900 |
902,900 |
910,400 |
826,100 |
-4% |
-6% |
1,638,900 |
1,700,100 |
-4% |
|
Manganese alloys |
23,200 |
24,400 |
31,600 |
29,200 |
41,200 |
-44% |
-5% |
47,600 |
76,400 |
-38% |
|
Samancor sales volumes |
|
|
|
|
|
|
|
|
|
|
|
Manganese ore |
810,700 |
805,400 |
911,000 |
897,800 |
958,400 |
-15% |
1% |
1,616,100 |
1,801,800 |
-10% |
|
Manganese alloys |
23,400 |
32,800 |
27,200 |
30,400 |
44,800 |
-48% |
-29% |
56,200 |
75,000 |
-25% |
Source: Anglo
American |
