Anglo American off to a rocky start in 2019

Anglo American CEO Mark Cutifani says an increase in production run-rate means the company is on track to deliver its 2019 production targets. Picture: SUPPLIED

About 80% of this decline was due to two planned longwall moves at its metallurgical coal mines. A longwall move is a shift to mine a fresh block of coal. Net coal production was 25% lower at 4.2-million tonnes compared to the first quarter of 2018. De Beers, which is 85% owned by Anglo, reported an 8% decline in output to 7.9-million carats, with SA production falling 65% to 400,000 carats as mining switches to underground at Venetia and the Voorspoed mine was closed at the end of 2018.

The decline was in line with lower refined output due to maintenance work at the base metals refinery and converter plant as well as power outages and a physical stock-take at the precious metals refinery.

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