Anglo American (AAL LN) Q1 2025 Production Report: Copper -15% Y/Y, Iron Ore +2% Y/Y, Manganese ore -60% Y/Y, Platinum group metals -17% Y/Y, Steelmaking coal -41% Y/Y, Nickel +3% Y/Y, Diamonds -11% Y/Y

• Copper production was 168,900 tonnes, reflecting higher production from Peru as a result of higher grades, offset by planned lower production in Chile, which resulted in a 15% decrease year-on-year.


• Iron ore production increased by 2% to 15.4 million tonnes, primarily driven by a strong first quarter performance from Minas-Rio.


• Manganese ore production decreased by 60% to 317,000 tonnes, primarily due to the ongoing temporary suspension of the Australian operations following the damage caused by a tropical cyclone in March 2024. Export sales are expected to resume in the June 2025 quarter.


• Production from our Platinum Group Metals (PGMs) operations decreased by 17% to 696,300 ounces, primarily reflecting planned lower purchase of concentrate volumes, as well as heavy rains and widespread flooding which impacted own mined production, primarily at Amandelbult.


• Steelmaking coal production was 41% lower at 2.2 million tonnes, primarily due to the underground fire at Grosvenor in June 2024. Excluding the impact of Grosvenor and Jellinbah6, production increased by 11%, reflecting higher production at the Dawson open cut mine and the Aquila underground mine.


• Nickel production increased by 3% to 9,800 tonnes, reflecting operational stability at Barro Alto.


• Rough diamond production decreased by 11% to 1 million carats, reflecting the continued production response to the prolonged period of lower demand.

24 Apr 2025 - 07:05- Metals- Source: Anglo American