Diamonds and platinum sparkle in Anglo American’s Q2 production

Diamonds and platinum sparkle in Anglo American’s Q2 production
Anglo American’s production rose by 20% in the second quarter, helped by higher output of platinum and diamonds, the miner said on Tuesday, despite operations running at 95% of full capacity because of COVID-19 disruptions.

Rough diamond production rose by 134% compared to the same period last year as consumer demand recovered, while platinum group metals production at South African unit Anglo American Platinum increased by 59% to 1.06 million ounces.

Copper output rose by 2% to 170,000 tonnes on higher production at Anglo’s largest mine in Chile, Los Bronces.

Anglo expects copper output to reach between 650,000 tonnes and 680,000 tonnes this year. That compares with previous guidance of 640,000 to 680,000 tonnes.

Analysis and insights into the newest trends and industries shaping the world and your wealth.

The world is more dynamic than at any time in History.
New Markets are opening up. Technology is accelerating. It’s changing everything.

And creating fortunes in the process.

Dynamic Wealth Research exposes the biggest and most profitable changes for our readers.
© 2016 - 2021 DYNAMIC WEALTH RESEARCH, Privacy Policy, Disclaimer