Anglo American's Iron Ore Output Fell In the First Quarter

In the first quarter of 2023, the total iron ore output was 15.076 million mt, a decrease of 4% from the previous quarter and a year-on-year increase of 15%, mainly due to the strong performance of the Kumba mine in South Africa and the Minas-Rio mine in Brazil.

The iron ore output of Kumba was 9.43 million mt, down 5% on the month but up 14% on the year.

Minas-Rio production was 5.651 million mt, down 1% month-on-month and up 16% year-on-year.

Anglo American's 2023 production guidance target is 57-61 million mt (including 35-37 million mt in the Kumba mining area and 22-24 million mt in the Minas-Rio mining area), which remains unchanged from 2022.