11% Q1 increase in Anglo American's copper production due to record rates at Quellaveco, Peru, and higher grades at Collahuasi and El Soldado, Chile.
Anglo American's copper production increased by 11% in Q1, driven by record throughput rates at Quellaveco in Peru and higher copper grades at Collahuasi and El Soldado in Chile. This follows a focus on operational excellence, stability, and effective cost management. Copper production now accounts for 30% of total output, setting the business up for growth in line with major demand themes. However, the company has reduced its annual diamond production forecast by approximately 10% in response to higher inventory levels in the market.
April 23, 2024
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