Anglo American has reported a 4% increase in fourth-quarter production, driven by success at its Brazilian Minas-Rio mine.
Mark Cutifani, Chief Executive of Anglo American, commented: “We have delivered our full year production targets across the business. Production is up 4% for the quarter led by the continued successful ramp-up at Minas-Rio in Brazil.
“Increased production at Metallurgical Coal in Australia was offset by the drought in Chile impacting water availability at Los Bronces, as well as the anticipated lower production from De Beers as Venetia transitions to underground in South Africa and Victor reached the end of its mine life in Canada. As planned, we received the operating licence for the tailings dam raise at Minas-Rio before the end of 2019.”