Anglo says operational improvements drive output
Reuters
Published Jan 24, 2019 07:27
Anglo says operational improvements drive output
LONDON (Reuters) - Anglo American (L:AAL) said on Thursday improved efficiency had driven a 7 percent increase in overall output for the fourth quarter of 2018 versus a year earlier, excluding the impact of a stoppage at the Minas-Rio iron ore project in Brazil.
Copper output rose 23 percent, while the De Beers diamond unit increased production by 12 percent and platinum and palladium rose 3 percent.
In December, Anglo said its annual production would rise more than previously expected and costs should be lower.
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Written By: Reuters
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