Anglo American Q4 diamond ouput up, copper flat

Mining giant Anglo American said fourth quarter diamond production at its De Beers unit increased by 5% supported by stronger trading conditions, although copper production was flat.

Copper production increased marginally to 148,600 tonnes with its Collahuasi operation achieving record production in the year, driven by continued strong plant performance and higher grades, Anglo said.

Platinum production fell by 4% and palladium 5% after a decision in third quarter to remove unprofitable ounces by placing the Bokoni mine on care and maintenance. The Mogalakwena mine delivered a record production year driven by further productivity improvements.

Kumba Iron Ore production for the full year increased by 8% to 45m tonnes driven by improved productivity.

Metallurgical coal production for the full year increased marginally to 19.7m tonnes, with the ramp-up at the Grosvenor mine and record productivity levels at underground operations offset by the removal of higher cost volumes at the Dawson operation.

Nickel production of 11,400 tonnes was a record quarter, representing a 5% increase.