Anglo’s fourth-quarter production in line with expectations despite rail constraints
Diversified miner Anglo American’s production for the fourth quarter ended December 31, 2023, was in line with expectations and in line with production in the third quarter, despite the deliberate slowdown at its South African iron-ore operations to help draw down stock levels in response to poor third-party rail performance, CE Duncan Wanblad says. The group’s Quellaveco mine, in Peru, delivered its strongest quarter yet, having produced 93 700 t of copper, while the Minas-Rio iron-ore operation, in Brazil, also delivered its highest-ever quarterly volume of 6.6-million tonnes of premium high-grade iron-ore, he points out.