Miner Anglo American posts 2per cent rise in second-quarter output

REUTERS: Miner Anglo American said on Thursday its overall output rose 2per cent in the second quarter, benefiting from a ramp up in iron ore production at its Minas-Rio mine in Brazil and increased metallurgical coal output.

"We remain broadly on track overall to deliver this full year's production targets, with an increase to Minas-Rio guidance offsetting two reductions at De Beers and Kumba Iron Ore," Chief Executive Officer Mark Cutifani said in a statement.The global miner said Minas-Rio iron ore production for the quarter ended June 30 was 5.9 million tonnes and metallurgical coal output rose 11per cent to 5.8 million tonnes following the completion of maintenance in the prior quarter.

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Five things to look for in Netflix's second-quarter reportWhen Netflix Inc reports second-quarter earnings on Wednesday, a big question is how the streaming giant will handle a slew of new competitors ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

JPMorgan profit rises 16per cent on tax gainJPMorgan Chase & Co reported a 16per cent rise in quarterly profit as higher net interest income and a tax gain more than made up for lower ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Experian's quarterly revenue rises 4per cent on North America boostExperian, the world's biggest credit data company, reported a 4per cent rise in revenue on Tuesday, owing to strong demand for its products in ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Keppel-KBS US Reit posts Q2 DPU of 1.5 US centsAN enlarged number of units from a rights issue, which outweighed contributions from two more recently acquired properties, led Keppel-KBS US Reit (KORE) to post a distribution per unit (DPU) in its second quarter ended June 30 of 1.5 US cents, lower than its forecast of 1.58 US cents for the period. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Netflix adds fewer-than-expected subscribers in second quarter; shares tumbleNetflix Inc added fewer paid subscribers than expected in the second quarter as the video streaming pioneer raised prices in some of its major ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US manufacturing sinks into recession after two quarters of declinesWASHINGTON US manufacturing sank into recession in June after two consecutive quarters of declines amid US President Donald Trump's trade wars and a slowdown in China and other trade partners. The decline comes as the US enters its 11th year of economic recovery and despite...
Source: thenewpaper - 🏆 7. / 63 Read more »