Anglo American's iron ore production in Q2 was up 2% YoY, with the semi-annual target achieved

On July 24, Anglo American (hereinafter referred to as Anglo American) released its production and sales report for Q2 2025.

Production:The report indicates that Anglo American's iron ore production in Q2 2025 was 15.94 million mt, up 3% MoM and 2% YoY. Iron ore production in H1 2025 was 31.38 million mt, up 2% YoY.

Sales:Iron ore sales in Q2 were 16.41 million mt, up 13% MoM and down 1% YoY. Iron ore sales in H1 2025 were 30.97 million mt, up 5% YoY.

The company's annual production target for 2025 remains unchanged at a total production of 57-61 million mt, including 35-37 million mt from the Kumba mine area and 22-24 million mt from the Minas-Rio mine area. Based on the lower limit of the annual production guidance target, the company's overall iron ore production progress in H1 reached 55%.

The company's annual unit cash cost target for 2025 remains unchanged at $36/mt, including approximately $39/mt from Kumba and $32/mt from Minas-Rio.

By mine area:

Kumba mine area in South Africa:

Production:In Q2, the Kumba mine area produced 9.257 million mt of iron ore, up 3% MoM and 1% YoY. Among them, the Sishen mine in this area saw a 3% YoY decrease in production due to mine maintenance, but the Kolomela mine's production increased by 11% YoY, offsetting the shortfall.

Sales:In Q2, the Kumba mine area sold 9.77 million mt of iron ore, up 9% MoM and 1% YoY. Among them,sales were 6.463 million mt, up 7% MoM and 8% YoY;sales were 3.307 million mt, up 14% MoM and down 11% YoY. The average iron grade of quarterly sales was 62%.

Minas-Rio mine area in Brazil:

Production:In Q2, the Minas-Rio mine area produced 6.679 million mt of pellet feed, up 3% MoM and 4% YoY, mainly due to improved recovery rates at the mine's beneficiation plant and enhanced operational stability.

Sales:In Q2, the Minas-Rio mine area sold 6.636 million mt of pellet feed, up 18% MoM and down 2% YoY, mainly due to delays in some shipments. The average iron grade of quarterly sales was approximately 67%.