Anglo American Revises down 2017 Nickel Output Target, and Keeps Unchanged for Copper and Iron Ore

SHANGHAI, Apr. 25 (SMM) - Anglo American PLC said Apr. 24 its 2017 output guidance remained intact for its major commodities after Q1 2017, including diamonds, platinum, copper and iron ore, but cut its nickel production target. 

According to its output release, copper production at the miner decreased by 3 percent to 142,600 tonnes in the first quarter of 2017, and its full year production guidance remains unchanged at 570,000 – 600,000 tonnes.  

Iron ore production from Kumba and Minas-Rio grew by 17 percent and 30 percent, respectively, to 10.5 million tonnes and 4.3 million tonnes (wet basis) over the period. The output outlook remains intact for the two at 40-42 million tonnes, and 16-18 million tonnes (wet basis).

During the report period, nickel production decreased by 12 percent to 9,900 tonnes due to unplanned maintenance of Barro Alto’s electric furnaces. The miner cut its full-year target to 

As a consequence, full year production guidance has been revised to 43,000 – 45,000 tonnes, down from the previously goal of 45,000 tonnes.

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