Anglo American insists on its metal production target by 2020
SMM7 March 20: Anglo American last week released its second-quarter production report, which showed that Anglo American copper production totaled 166800 tons in the second quarter, up 5% from a year earlier. Although the Los Bronces copper mine was affected by water shortage and its production was lower than expected, the performance of the Collahuasi copper mine was strong. During the reporting period, Los Bronces copper production fell 12 per cent year-on-year to 80700 tonnes, including 9900 tonnes of cathode copper; Collahuasi copper production increased 38 per cent year-on-year to 75700 tonnes (Anglo American has a 44 per cent stake in the mine.), EI Soldado copper production fell 21 per cent year-on-year to 10400 tonnes, mainly due to lower copper grade. The target of copper production for the whole year is 62-670000 tons, which still depends on the availability of water resources and the development trend of the epidemic.
It is reported that the surge in June, the temporary closure of Chilean ports, the company's copper sales were affected, Anglo American copper sales totaled 293800 tons in the first half of 2020.
Year-on-year changes in the output of copper mines owned by Anglo American in the second quarter
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