Anglo American’s Copper Ore Output down 19%, Nickel Ore Output Grows 47% in 2016, SMM Reports

Published: Feb 4, 2017 16:08

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Anglo American’s copper ore production totaled 577,100 tonnes in 2016, down 19% year-on-year, according to its 2016 annual output report. Nickel ore production was 44,500 tonnes, a rise of 47% year-on

SHANGHAI, Feb. 4 (SMM) - Anglo American’s copper ore production totaled 577,100 tonnes in 2016, down 19% year-on-year, according to its 2016 annual output report. Nickel ore production was 44,500 tonnes, a rise of 47% year-on-year.

Copper Ore Output Unit: tonne (Cu content)

	2016	2015	2016 vs 2015
Collahuasi (44% stake)	222,900	200,300	11%
Los Bronces mine	307,200	401,700	-24%
El Soldado mine	47,000	36,000	31%
Copper retained operations^（¹^）	577,100	638,000	-10%
Total attributable copper production	577,100	708,800	-19%
Sales	577,800	705,600	-18%

(1) Norte mine was excluded, which had been sold in September 2015.

Output at Los Bronces fell due to lower ore grade (0.69% vs 0.83%), SMM finds. Adverse weather in early 2016 delayed explore of high-grade section, and this dragged down average grade. Illegal labor action also disrupted operation. Consequently, output fell 9,000 tonnes in Q4 2016.

At Collahuasi, attributable production decreased by 5% in Q4 owning to owing to planned maintenance on the smaller Line 2 during November and December 2016. But total production grew 11% in 2016.

El Soldado’s production increased by 54% to 13,700 tonnes primarily due to higher grades and capacity.

Nickel Ore Output Unit: tonne (Ni content)

	2016	2015	2016 vs 2015
Barro Alto	35,500	21,300	67%
Codemin	9,000	9,000	0%
Total	44,500	30,300	47%
Sales	44,900	32,000	40%

Barro Alto’s production was 35,500 tonnes, a 67% increase, despite an external electric power supply interruption in Q4. Production from Codemin was stable at 9,000 tonnes for the year.

Anglo American Los Bronces Copper Mine copper ore output nickel ore output

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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