Anglo American Maintains Production Forecasts as Copper and Iron Ore Output Holds Firm

Deep News04-28 18:10

Anglo American reported stable production of copper and high-grade iron ore for the first quarter and confirmed its full-year production guidance remains unchanged.

The London-listed mining giant announced on Tuesday that copper output reached 170,000 tonnes in the first quarter, a slight increase of 1% compared to the same period last year. This growth was primarily driven by higher production from the Los Bronces and Collahuasi copper mines in Chile.

Iron ore production for the quarter declined by 2% to 15.2 million tonnes, influenced by lower output from the Kumba mine in South Africa and the Minas-Rio operation in Brazil.

Steelmaking coal production saw a significant decrease of 31%, falling to 1.5 million tonnes. This drop was attributed to reduced operations at the Moranbah North mine in Australia following an incident in March 2025, as well as severe weather disruptions at the Dawson mine in Australia.

The company added that the sale process for its steelmaking coal business is progressing well.

CEO Duncan Wanblad stated, "While geopolitical tensions in the Middle East have created significant market volatility, our resilient supply chain has so far ensured continued operations. The Group is actively managing the situation to mitigate potential negative impacts, such as cost inflation."

Looking ahead, Anglo American reaffirmed its full-year production targets for copper, high-grade iron ore, and diamonds.

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