Anglo American on Thursday posted a 2% rise in second quarter output and reaffir...
) on Thursday posted a 2% rise in second quarter output and reaffirmed full-year production targets, boosted by a restart of operations at its Brazilian iron ore mine and higher volumes of coking coal.
Anglo American’s iron ore production was helped by the ramp-up of the Minas Rio mine in Brazil and a strong performance from coking coal after plant upgrade work in the first quarter, helping offset the impact of reduced diamond production. The company revised its diamond production forecast down to about 31 million carats, at the lower end of its previous 31-33 million carats range, citing weaker trading conditions.
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